Press release
Global CAE Market Forcast To Grow At CAGR Of 11.84% Between 2017-2021
The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.Acute Renal Failure Market: Industry Size, Share, Growth, Forecasts.
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CAE is the practice of using a wide range of software applications to assist in engineering tasks. These software applications support a variety of tasks such as simulation, analysis, validation, and manufacture of engineering products. CAE includes two key tools: FEA and CFD. FEA software helps evaluate the functionality of a given product design even before its prototype is produced. CFD analyzes turbulence, flow, pressure distribution, and interaction of liquids and gases with different structures.
Technavios analysts forecast the global CAE market to grow at a CAGR of 11.84% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global CAE market for 2017-2021. To calculate the market size, the report considers the revenue generated from the new software licenses of CAE software including FEA and CFD.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global CAE Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
ANSYS
Dassault Systmes
Hexagon
PTC
Siemens PLM Software
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Other prominent vendors
Altair
Applied Math Modeling
Ceetron
COMSOL
ESI
Exa
NUMECA
Simerics
Symscape
Market driver
Growth of the smartphone industry
For a full, detailed list, view our report
Market challenge
High cost of CAE software
For a full, detailed list, view our report
Market trend
Increasing adoption of CFD for battery designing
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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