Global Computer Aided Engineering Market 2010-201424 Nov 2011 • by Natalie Aster
CAE software is utilized for engineering tasks such as analysis, design and simulation, planning, diagnosing, validating, and repairing. CAE related services include maintenance & support services; typically in the form of hotline support services, training, and consulting services for software updates and upgrades.
The CAE software and services are now utilized in many industry segments such as aerospace, automotive, and manufacturing. Further, they are being deployed by process manufacturing industries, the manufacturers of medical devices, consumer products and electronics. In addition, scientific researchers have also begun to adopt CAE solutions to complement their analytical and experimental approaches.
Competitive and economic pressures are leading the manufacturing industries to closely examine the way in which the products are developed. Further, they are required to speed up the design process and introduce new products, with fewer physical prototypes and at lower costs. These factors, coupled with a greater need to meet regulatory requirements, are driving the enterprises to adopt CAE software and services.
The report “Global Computer Aided Engineering Market 2010-2014” by Infiniti Research highlights the scope of the Global Computer Aided Engineering (CAE) software market, along with forecasts, trends, drivers, and challenges.
According to TechNavio, the Global Computer Aided Engineering (CAE) software market is forecast to reach $ xxx million in 2014 from $ xxx million in 2009; thus, growing at a CAGR of xxx percent over the period 2009-2014
Global Computer Aided Engineering Market 2010-2014
Published: September 2011
Price: US$ 1,500.00
In 2009, Americas (including North America and Latin America) accounted for $ xxx million or xxx percent of the Global Computer Aided Engineering (CAE) software market. EMEA, at $ xxx million, was the second largest market in 2009, and accounted for xxx percent. APAC, on the other hand, accounted for xxx percent or $ xxx million of the Global Computer Aided Engineering (CAE) software market in 2009.
Market Size in Americas
According to TechNavio, the Computer Aided Engineering (CAE) software market in the Americas is forecast to reach $ xxx million in 2014 from $ xxx million in 2009; growing at a CAGR of xxx percent over the forecast period 2009-2014
The financial meltdown in the past two years has adversely impacted most of the industries in the market. As a result, many industries are implementing the CAE software to introduce cost-effective products and remain competitive in the market. For example, the automobile industry is employing the CAE software to design fuel efficient products. Further, CAE software helps this industry in optimizing and analyzing the robustness and performance of different components and assemblies involved in the product development.
With increasing competition, the demand for a software solution that can design, analyze and test a product for reliability, durability and quality is also increasing. The benefits of CAE software that provide solutions to allow the assessment of these aspects of a product are driving the sales in the market. Further, CAE software allows the user to predict the actual behavior of their project during the research and development phase of the project. For this, the CAE software uses digital models to simulate physical phenomena through numerical methods.
More information can be found in the report “Global Computer Aided Engineering Market 2010-2014” by Infiniti Research.
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