"Computer Integrated Manufacturing (CIM) to Bolster the Demand for CAE"

Computer-aided engineering (CAE) market projected to hit the market value of US$ 13.21 Bn by 2026, with CAGR of 10.36% across the forecast period. Majorly directed by Asia Pacific, CAE market driven by growing trend of computer integrated manufacturing (CIM) approach. This process is a vital part of modern manufacturing approach with integrated controlling systems to standardize the complete production process from initial design to final delivery. CAE is an inevitable part of CIM approach, as it simplifies the analysis process that executes overall operation in much efficient way. While CAE demonstrated a major stimulus on several industrial sectors, it proved radical in product designing process. Major benefit of CAE in manufacturing process includes added product analysis flexibility enabling designers to evade costly gaffes in production process. The use of CAE for real-time simulation and animation prompted development activities into more profound analysis. A wide array of end use applications of CAE ensure sturdy surge for market across the forecast period.

"Automotive Segment Leads the Market & Accounted to Retain Its Dominant Position"

Automotive segment leads the overall Computer Aided Engineering (CAE) market, accounting close to 1/3rd of the global market value. Automotive industry steadily seeks for the solution that reduces the time and cost for development of vehicle. Subsiding time-to-market and number of prototypes has increased the penetration of CAE methodologies in the automotive industry. One of the vital benefits of CAE has been to reduce the cost of human efforts spent on analyzing changes made to vehicle designs. With enhanced efficiency and flexibility offered by CAE in product development would ensure strong growth for automotive segment throughout the forecast period.

"Steady Growth of End-use Industries to Ensure Dominant Position of Asia Pacific Region in CAE Market throughout the Forecast Period"

Presently, Asia Pacific market accounted for more than 25% of the global Computer Aided Engineering (CAE) market value. Region also set to exhibit highest CAGR across the forecast period, primarily due to steady development of end-use application industries. The region is referred as the leading light vehicle manufacturers with countries such as Japan, China and Korea comprising over 37 Mn units of worldwide production comprising around 42% of the automobile production worldwide. Furthermore, in 2017, construction sector of Asia Pacific registered over US$ 4,800 Bn. Growing penetration of automation in manufacturing process paves the way for CAE approach across the region. Thus, growth in several other end-use industries certainly stimulating CAE market across the region.

Key players of global CAE market profiled in the report include Bentley Systems, Inc., Dassault Systems, MSC Software Corporation, Siemens Product Lifecycle Management Software Inc., Autodesk, Inc., ANSYS, Inc., ESI Group, Altair Engineering, Exa Corporation, Aspen Technology, Inc., Mentor Graphics Corporation and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Computer Aided Engineering (CAE) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Computer Aided Engineering (CAE) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Computer Aided Engineering (CAE) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Computer Aided Engineering (CAE) market?
• Which is the largest regional market for Computer Aided Engineering (CAE) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Computer Aided Engineering (CAE) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Computer Aided Engineering (CAE) market worldwide?