CAE Market Driven by Demand from Developing Countries
20 Oct 2011 • by Natalie Aster
A recently published report “Global Computer Aided Engineering Market 2010–2014” by Infiniti Research reveals that the Global Computer Aided Engineering (CAE) market is expected to grow at a CAGR of 6.5 percent over the period 2010–2014. The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the huge demand generated from developing countries.
According to Technavio’s industry analyst, “Global engineering firms are setting up research, design, and production facilities in developing countries such as India, China and Brazil. Engineering firms depend on CAE software to design and develop their products. This demand for CAE software from engineering firms and their subsequent expansion of their business operations into developing countries is expected to be one of the key drivers for the growth of the Global CAE market.”
Report Details:
Global Computer Aided Engineering Market 2010–2014
Published: September 2011
Pages: 24
Price: US$ 1,500.00
The report also highlights that the increasing availability of open source CAE software is hindering the growth of this market. However, the increased outsourcing of engineering services is expected to keep driving the market. This market is also marked by smaller engineering firms taking up large-scale projects. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Companies mentioned in the report include Ansys, Dassault Systèmes, MSC Software, and LMS International.
More information can be found in the report “Global Computer Aided Engineering Market 2010–2014” by Infiniti Research.
To order the report or ask for sample pages contact [email protected]
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