Global CAE Software Market Overview:
Computer-aided engineering (CAE) is the use of computer software to simulate performance in order to enhance product designs or assist in the resolution of engineering problems for a extensive range of industries. The CAE software includes simulation, validation and optimization of products, processes, and manufacturing tools. Furthermore, CAE process comprises of preprocessing, solving, and postprocessing steps. The global CAE software market is expected to witness a high growth in the forecast period owing to increasing employment of new engineering modes such as 3D printing, building information modeling and many others.
Growth Drivers
- Growing Trend of Tablets and Smartphones
- Increasing Employment of New Engineering Modes Such As 3D Printing, Building Information Modeling and Others
Roadblocks
- Rising Concern to Piracy and Open-Source of CAE Software
Opportunities
- Increasing Demand from Emerging Economies
Challenges
- Lack of Skilled Labor and Technical Expertise
Competitive Landscape:
Some of the key players profiled in the report are Autodesk (United States), Siemens PLM Software (United States), Ansys (United States), Dassault Systemes (France), Hexagon AB (Sweden), MSC Software (United States), Alatir Engineering (United States), PTC (United States), COMSOL, Inc. (United States), BETA CAE Systems (Switzerland) and Yuanjisuan (China). Analyst at AMA Research see United States Players to retain maximum share of Global CAE Software market by 2027. Considering Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the CAE Software market.
Latest Market Insights:
On Dec. 13, 2018 - Altair Engineering Inc. announced that it has completed its previously announced acquisition of Datawatch Corporation. Datawatch provides data intelligence with market leading enterprise data preparation, predictive analytics and visualization solutions that fuel business analytics
What Can be Explored with the CAE Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global CAE Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in CAE Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global CAE Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in CAE Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes CAE Software Providers, Software Solution Providers, Automobile Industry, Shipbuilding Industry, Governmental Bodies and Research Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.