Global Computer Aided Engineering Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Computer Aided Engineering Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Computer Aided Engineering market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global computer aided engineering market size was valued at USD 7.3 billion in 2019 and is expected to register a CAGR of 9.3% over the forecast period, owing to increased outsourcing of manufacturing processes to emerging economies such as India, China, and Russia. The market is poised for unprecedented growth over the forecast period as integrated software solutions eliminate the need for multiple prototypes and product recall concerns, thereby reducing the cost associated with prototyping and product recall strategy. Moreover, increasing use of computational fluid dynamics software for analyzing temperature in battery modules and extending battery life and performance is anticipated to drive the market for computer aided engineering software.

The global market has been witnessing a drastic shift from on-premise computing to cloud-based computing. Cloud computing reduces costs related to hardware acquisition and software licensing, installation, and support. This is further expected to increase the use of computer aided engineering (CAE) software. Additionally, companies are adopting the Hyper-Converged Infrastructure (HCI) platform for building a private cloud that enables advanced computation and storage services.

Customers are increasingly quantifying their software contributions. As a result, companies are willing to pay high license fees for software that supports low-value processes. They are developing alternating pricing and delivering models, alike Software as a Service (SaaS) pricing models, enabling customers to opt for a pay-as-you-go subscription plan. However, the new pricing model is expected to affect the software providers’ cash flow, revenue recognition, and finance.

The market for value added resellers (VAR) is expected to witness significant growth over the projected period. VARs help in reducing the gap between the end users and suppliers. VARs receive certifications and training from suppliers to increase their credibility. As a result, the growth of VARs is expected to have positive effect on the growth of computer aided engineering across various end uses

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Computer Aided Engineering market are included as given below:

Some of the major industry players are BenQ Corporation (Taiwan); Casio Computer Co., Ltd. (Japan); Dell Technologies, Inc. (U.S.); NEC Display Solutions, Ltd. (Japan); and Seiko Epson Corp. (Japan). Industry players are constantly investing in R&D to develop differentiated products and stay ahead of the competition. Companies are also obtaining new software technologies through mergers and acquisitions and are aiming to create a strong customer base by investing in sales and marketing. With an established customer base, existing CAE players are constantly improving products through R&D, restricting start-ups and smaller companies from penetrating the market. These companies are offering specialized products and services to customers at premium prices. This is expected to maintain the low bargaining power of buyers.

The global Computer Aided Engineering market has been segmented as below:

• Type

  • Finite Element Analysis (FEA)

  • Computational Fluid Dynamics (CFD)

  • Multibody Dynamics

  • Optimization & Simulation

• Deployment Model 

  • On-premise

  • Cloud-based

• End-use

  • Automotive

  • Defense & Aerospace

  • Electronics

  • Medical Devices

  • Industrial Equipment

  • Others

• Global Computer Aided Engineering Market by Region
• North America
• Europe
• Asia Pacific
• Rest of the World

Reasons to Purchase this Report:

Estimates Computer Aided Engineering development trends with SWOT analysis

• Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
• Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
• Market dynamics scenario, along with growth opportunities for players in the years to come
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects