Computer-Aided Engineering Market Overview 2021-26, Industry Size, Share, Trends and Forecast
Computer-Aided Engineering Market Overview 2021-26, Industry Size, Share, Trends and Forecast
Published by IMARC Services Private Limited
Posted on October 6, 2021
According to IMARC Group's latest report, titled “ Computer-Aided Engineering Market: Industry Trends, Size, Share Growth, Opportunity and Forecast 2021-2026 the global computer-aided engineering market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 10% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Computer aided engineering (CAE) refers to the use of interactive computer software to solve various engineering problems. It uses virtual tools such as computational fluid dynamics (CFD), finite element analysis (FEA), and multi-body dynamics (MBD) to stimulate performance and optimize engineering tasks. They offer higher standards for site construction, sophisticated designs, and superior practices for building operations. CAE finds application across various industries such as aviation, shipbuilding, automation, healthcare, electronics, and space.
The global CAE market is primarily driven by a rise in the outsourcing of manufacturing processes, especially in countries such as India, China, and Russia. This has shifted the preference for cloud-based computing from on-premises computing, as it eliminates the need for hardware acquisitions, software licensing, and installation and support. CAE also helps save costs as it eliminates the need for multiple prototyping and product recall concerns. Furthermore, the increasing adoption of computational fluid dynamics software in electric vehicles for extending the battery life and analyzing temperature modules is also significantly fueling the demand for the market.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Contact Us:
IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Email: sales@imarcgroup.com Americas: + 1-631-791-1145 | Europe & Africa: + 44-753-713-2163 | Asia: + 91-120-433-0800
According to IMARC Group's latest report, titled “ Computer-Aided Engineering Market: Industry Trends, Size, Share Growth, Opportunity and Forecast 2021-2026 the global computer-aided engineering market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of 10% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Computer aided engineering (CAE) refers to the use of interactive computer software to solve various engineering problems. It uses virtual tools such as computational fluid dynamics (CFD), finite element analysis (FEA), and multi-body dynamics (MBD) to stimulate performance and optimize engineering tasks. They offer higher standards for site construction, sophisticated designs, and superior practices for building operations. CAE finds application across various industries such as aviation, shipbuilding, automation, healthcare, electronics, and space.
The global CAE market is primarily driven by a rise in the outsourcing of manufacturing processes, especially in countries such as India, China, and Russia. This has shifted the preference for cloud-based computing from on-premises computing, as it eliminates the need for hardware acquisitions, software licensing, and installation and support. CAE also helps save costs as it eliminates the need for multiple prototyping and product recall concerns. Furthermore, the increasing adoption of computational fluid dynamics software in electric vehicles for extending the battery life and analyzing temperature modules is also significantly fueling the demand for the market.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Contact Us:
IMARC Group 30 N Gould St, Ste R Sheridan, WY 82801, USA Email: sales@imarcgroup.com Americas: + 1-631-791-1145 | Europe & Africa: + 44-753-713-2163 | Asia: + 91-120-433-0800