Computer Aided Engineering Market to Reach USD 19.2 Billion by 2031 at 9.4% of CAGR by AMR | ANSYS, Inc., Altair Engineering, Autodesk, Inc., Dassault Systemes

Increase in drastic shift from on-premise computing to cloud-based computing among people due to reduced cost expenses related to hardware acquisition and software licensing, installation, and support, increase in the adoption of smartphones and tablets among people, surge in internet penetration, and prevalence of innovative technologies such as IoT are expected to drive the growth of the global computer aided engineering market. In addition, miniaturization of the electronic devices and sensors, along with the lower connectivity costs are further expected to create ample opportunities for the industry.

According to the report, the global computer aided engineering industry generated $8 billion in 2021, and is projected to reach $19.2 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/30631

Computer-aided engineering (CAE) involves utilizing computer software to simulate performance, thereby enhancing product designs and aiding in the resolution of engineering challenges across various industries. This encompasses the simulation, validation, and optimization of products, processes, and manufacturing tools. Integrated software solutions eliminate the necessity for multiple prototypes and alleviate concerns related to product recalls, leading to a significant reduction in associated costs. Customers are increasingly evaluating the value of software contributions, prompting companies to invest in software supporting low-value processes and adopting alternate pricing and delivery models, such as Software as a Service (SaaS) pricing plans, allowing customers to opt for a pay-as-you-go subscription.

Despite the advantages, this new pricing model is expected to impact software providers' cash flow, revenue recognition, and financial aspects. Computer-aided engineering systems play a supportive role in businesses by employing reference architectures and their capability to present information views on business processes. Reference architecture serves as the foundation for modeling information, particularly product and manufacturing models. Furthermore, the growing use of computational fluid dynamics (CFD) software for analyzing temperature in battery modules, enhancing battery life and performance, is anticipated to propel the growth of the Computer-Aided Engineering Market.

☛ For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/30631

COVID-19 IMPACTS:

• The outbreak of COVID-19 has had a positive impact on the growth of the global computer-aided engineering market, owing to the occurrence of lockdowns in various countries across the globe.

• Lockdowns opened the door for innovation and resulted in the rapid adoption of computer aided engineering solutions due to the unprecedented situations around the world.

• With the world currently in the grip of the coronavirus pandemic, CAE has moved to the forefront to provide crucial training for healthcare personnel, so that diagnoses can be quickly formulated, and treatment administered.

• Thus, various companies across the globe make effective use of computer-aided engineering to respond to surge in demand during the pandemic.

The scope of the computer-aided engineering market encompasses segmentation based on types, deployment models, end users, and regions. In terms of types, the segmentation includes finite element analysis, computational fluid dynamics, multibody dynamics, and optimization and simulation. Deployment models are divided into on-premises and cloud. The market is categorized by end users into automotive, electronics, defense, healthcare, industrial equipment, and others. Geographically, the analysis covers North America, Europe, Asia-Pacific, and LAMEA.

☛ Buy Now & Get Exclusive Discount on this Report: https://www.alliedmarketresearch.com/computer-aided-engineering-market/purchase-options

Based on end-user, the automotive segment held the largest market share in 2021, holding nearly one-third of the global computer aided engineering market. Growth of the EV sector and rapid sales and technological advancements are expected to drive the growth of the segment. The defense segment, on the other hand, is expected to cite the fastest CAGR of 11.5% during the forecast period, owing to the rapid adoption of advanced and rapid manufacturing technologies that encourage innovation level and accelerate supply chain.

Based on end-user, the automotive segment held the largest market share in 2021, holding nearly one-third of the global computer aided engineering market. Growth of the EV sector and rapid sales and technological advancements are expected to drive the growth of the segment. The defense segment, on the other hand, is expected to cite the fastest CAGR of 11.5% during the forecast period, owing to the rapid adoption of advanced and rapid manufacturing technologies that encourage innovation level and accelerate supply chain.

Access the full summary at: https://www.alliedmarketresearch.com/computer-aided-engineering-market-A30181

Key Market Players:

• ANSYS, Inc.
• Altair Engineering
• Autodesk, Inc.
• Dassault Systemes
• Bentley Systems, Inc.
• ESI Group
• Siemens AG
• Mentor Graphics Corporation
• Seiko Epson Corporation
• MSC Software Corporation

☛ Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/30631

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

This release was published on openPR.