Computer Aided Engineering (CAE) Market to record USD 5.65 Bn incremental growth — Driven by growth of the smartphone industry

NEW YORK, September 21, 2022 /PRNewswire/ — The global market for Computer Aided Engineering (CAE). Size is expected to grow by $5.65 billion between 2021 and 2026. However, the growth momentum is expected to slow down at a CAGR of 12.65% over the forecast period. According to the report, the market structure is fragmented. The market has a limited number of vendors competing with each other to gain additional market share. The market exit barriers are very low. This has limited competition between providers. Also, vendors are investing in advanced technologies like artificial intelligence to offer innovative solutions and expand their customer base. Gain complete insights into the vendor landscape, product launches, successful vendor strategies, and other key aspects. Buy report now

The market is primarily driven by the growth of the smartphone industry. The increasing availability of the Internet has led to a significant increase in smartphone adoption around the world. This encourages smartphone and tablet manufacturers to use new technologies, hardware and software to develop and launch new and innovative products. Smartphone manufacturers use simulation software to analyze various parameters of product development. For example, simulation software such as ANSYS is used to analyze the structural weakness of the smartphone or tablet case and the impact of different case materials on thermal management and IC performance, and verify electronic signal performance. This is increasing the adoption of CAE solutions which is driving the growth of the market.

According to Technavio, the development of nano-level CAE solutions will have a positive impact on the market and contribute significantly to its growth during the forecast period. This research report also analyzes other key trends and market drivers that will influence the market growth till 2026.

Computer Aided Engineering (CAE) Market: Development of CAE solutions at nanoscale

The application of nano-scale CAE solutions has expanded to various applications in various end-use industries. They are used in nano-simulations in high-performance computing (HPC). For example, ETH uses nanosimulations to implement the Hartree-Fock method, which is required in supercomputers such as the Cray XT5. Similarly, they are used in nanoscale biomedical applications. For example, BIOVIA is a suite provided by Dassault Systèmes for research and study in nanoscale chemistry, biotechnology and pharmaceuticals. This trend is expected to have a positive impact on the growth of the global Computer Aided Engineering (CAE) market during the forecast period.

“Increasing demands on the management of large-scale projects and the reduction of time and costs for product design will further drive the growth of the market,” says an analyst at Technavio.

Computer Aided Engineering (CAE) Market: Segmentation Analysis

This market research report segments the Computer Aided Engineering (CAE) market by product (FEA and CFD), end user (automotive, aerospace and defense, electrical and electronics and others), and geography (Europe, North AmericaAPAC, South Americaand middle East and Africa).

That Europe Region led the Computer Aided Engineering (CAE) market in 2021 followed by North AmericaAPAC, South Americaand the middle East and Africa respectively. During the forecast period, the APAC region is expected to witness the highest incremental growth.

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Some of the key topics covered in the report are:

market leader

market challenges

market trends

provider landscape

Related reports:

Table of Contents:

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by End User

7 customer landscape

8 Geographical Landscape

9 drivers, challenges and trends

10 provider landscape

11 Vendor Analysis

12 Appendix

About Technavio

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

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SOURCE Technavio