Searching for your content… In-Language News Contact Us 888-776-0942 from 8 AM – 10 PM ET News provided bySep 21, 2022, 17:15 ETShare this articleNEW YORK, Sept. 21, 2022 /PRNewswire/ — The size is expected to grow by USD 5.65 billion between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 12.65% during the forecast period. According to the report, the market structure is fragmented in nature. The market has a limited number of vendors that compete with each other to gain extra market shares. The barriers to exiting the market are very low. This has limited the competitive rivalry among vendors. Besides, vendors are investing in advanced technologies such as artificial intelligence to offer innovative solutions and expand their customer base. Gain complete insights into the vendor landscape, product launches, successful strategies adopted by vendors, and other important aspects.
The market is primarily driven by the growth of the smartphone industry. The growing availability of the internet has resulted in a significant rise in the adoption of smartphones across the world. This is encouraging smartphone and tablet manufacturers to leverage new technologies, hardware, and software to develop and launch new and innovative products. Smartphone manufacturers adopt 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 casing and the effect of different casing materials on thermal management and IC performance and check for electronic signal performance. This is increasing the adoption of CAE solutions, which is driving the growth of the market.As per Technavio, the development of CAE solutions at the nano level will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth through 2026.The application of CAE solutions at the nano level has been extending across various applications in different end-user industries. They are finding applications in nano simulations in high-performance computing (HPC). For instance, ETH uses nanoscale simulations for implementing the Hartree-Fock method required in supercomputers such as Cray XT5. Similarly, they are being used at nano levels in biomedical applications. For instance, BIOVIA is a suite provided by Dassault Systèmes for research and study in the field of chemistry, biotechnology, and pharmaceuticals at nano levels. 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 requirements for large-scale project management and the reduction in product design time and cost will further drive the growth of the market”, says an analyst at Technavio.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 America, APAC, South America, and Middle East and Africa).The Europe region led the computer aided engineering (CAE) market in 2021, followed by North America, APAC, South America, and the Middle East and Africa respectively. During the forecast period, the APAC region is expected to register the highest incremental growth.Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Some of the key topics covered in the report include:Market DriversMarket ChallengesMarket TrendsVendor LandscapeRelated Reports:Computer Aided Engineering (CAE) Market ScopeReport CoverageDetailsPage number120Base year2021Forecast period2022-2026Growth momentum & CAGRDecelerate at a CAGR of 12.65%Market growth 2022-2026USD 5.65 billionMarket structureFragmentedYoY growth (%)16.14Regional analysisEurope, North America, APAC, South America, and Middle East and AfricaPerforming market contributionAPAC at 41%Key consumer countriesUS, China, Japan, Germany, and FranceCompetitive landscapeLeading companies, competitive strategies, consumer engagement scopeCompanies profiledAltair Engineering Inc., ANSYS Inc., Autodesk Inc., Bentley Systems Inc., Cambashi Ltd., Ceetron AS, COMSOL AB, Dassault Systemes SE, ESI Group SA, Hexagon AB, NUMECA International, PTC Inc., Siemens AG, Simerics Inc., and SymscapeMarket DynamicsParent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. Customization purviewIf our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.Table of contents:1 Executive Summary2 Market Landscape3 Market Sizing4 Five Forces Analysis5 Market Segmentation by Product6 Market Segmentation by End-user7 Customer Landscape8 Geographic Landscape9 Drivers, Challenges, and Trends10 Vendor Landscape11 Vendor Analysis12 AppendixTechnavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.ContactsTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com/SOURCE TechnavioMore news releases in similar topicsCision Distribution 888-776-0942 from 8 AM – 9 PM ET