CAE Simulation Software Market Scope
Computer-aided engineering (CAE) simulation software is used to simulate performance to improve product designs. Further, it assists to resolve engineering problems that arise during manufacturing in a number of industries. CAE simulation is used for the validation and optimization of products, manufacturing tools, and processes. The CAE simulation software help to ease in automotive engineering analysis process hence it has huge demand in the automobile and manufacturing industries. Huge demand from these industries leads to technological advancements in this simulation software. Characteristics like the ease in product designing, visualization, and optimization are well-known factors for the growth of the market. Geographically, North America is expected to grow with a high growth rate over the forecast period. With an increasing number of SME units in the region and a growing focus on research and development activities in North America, the market is expected to witness significant growth over the forecast period. According to the Offices of United States Trade Representative, The United States’ 30 million SMEs account for nearly two-thirds of a net portion of private sector
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | ANSYS (United States), Siemens (Germany), CAE Simulation and Solutions (Austria), Dassault Systèmes (France), MathWorks(United States), AVL (Austria), Altair (United States), Autodesk (United States), AnyLogic (United States) and SGL Carbon (Germany |
CAGR | 5.7% |
There are various companies are operating in this industry and heavily conducting research on the characteristics of CAE simulation software and how will provide more innovative product designing. There are various market players are entering this industry to capture market growth opportunities. The market leaders are investing in organic and non-organic strategic growth initiatives to become dominant in this industry. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global CAE Simulation Software market throughout the predicted period.
ANSYS (United States), Siemens (Germany), CAE Simulation and Solutions (Austria), Dassault Systèmes (France), MathWorks(United States), AVL (Austria), Altair (United States), Autodesk (United States), AnyLogic (United States) and SGL Carbon (Germany are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Manitoba Hydro International and SimScale.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global CAE Simulation Software market by Type and Region with country level break-up.
On the basis of geography, the market of CAE Simulation Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In January 2020, Arcimoto Inc. announced has established a partnership with XponentialWorks and ParaMatters. This partnership will boost the company’s presence in the industry. Further, it helps to design and manufacture lightweight components for its Fun Utility Vehicle (FUV).
In July 2023,CAE announced today at the Farnborough International Air Show 2022, the launch of its newest advancement in pilot training, the CAE 700MXR Flight Simulator. Initially targeted to the eVTOL market, the CAE 700MXR will revolutionize flight training for complex urban settings with a compact mini-motion platform and 360⁰ field of view visuals that deliver high-fidelity, physics-based simulation tailored to single-pilot operations.
Influencing Trend:
Preference towards hybrid simulation
Market Growth Drivers:
Growing demand for assessments of product designing and Rising manufacturers inclination towards simulation for optimization of product manufacturing
Challenges:
Strengthen Regulations
Restraints:
Pricing and Licensing Policy
Opportunities:
Rising industrialisation for automobile, IT infrastructure and Rising Demand from Emerging Economies such as India, China and Others
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, CAE simulation software Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries