ANSYS Inc Leading $5 Billion Computer Aided Engineering Market
Rising
focus on reduction in product design time & operational cost, and growing
automotive industry to drive global computer aided engineering market through
2022
According to TechSci Research
report, “Global
Computer Aided Engineering Market By Product Type, By End Use Industry, By
Region, Competition Forecast & Opportunities, 2012-2022’’, global computer aided
engineering market is projected to cross $7 billion by 2022, due to growing
emphasis of original equipment manufacturers to reduce operational expenses and
product designing time, booming automotive market, rising government support,
and increasing merger & acquisition activities. Rising demand for automobiles and surge in
manufacturing activities by automobile manufacturers, coupled with growing use
of computer aided engineering in aerospace & defence sector for designing and
assessing performance of complex aircraft parts, airworthiness analysis of
engine systems, rotor dynamics, nacelle meshing analysis, reducing aircraft
weight & composite materials, fuel coupling piping fatigue analysis, etc.,
are few of the other factors propelling growth in the global computer aided
engineering market.
Browse 89 market data Tables and 147 Figures
spread through 276 Pages and an in-depth TOC on "Global Computer Aided Engineering Market"
https://www.techsciresearch.com/report/global-computer-aided-engineering-market-by-product-type-finite-element-analysis-computational-fluid-dynamics-by-end-use-industry-automotive-aerospace-defense-etc-by-region-competition-forecast-opportunities/1046.html
Growing number of small &
medium enterprises (SMEs) investing heavily in product lifecycle management
including Finite Element Analysis (FEA) software to design objects at a faster
pace and boost product performance by eliminating substandard product designs
using digital analysis. FEA, used for predicting behavior of products on interaction with physical conditions including heat
transfer, mechanical vibration, mechanical stress, mechanical strain, fluid flow, motion, plastic
injection molding, electrostatics, etc, dominated the global computer aided engineering market in 2016. Few of the major companies operating in the global
CAE market include ANSYS Inc., The MathWorks,
Inc., Siemens PLM Inc., Dassault Systèmes SE, Altair Engineering Inc.,
etc. Moreover, North America accounted for the largest
revenue share in the global CAE market due to rising spending on defense &
aerospace sectors, growing automotive industry, increasing government support
towards innovation coupled with upsurge in research & development (R&D)
investment by companies, and rising demand for product innovation.
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“Computer Aided Engineering
(CAE) helps companies reduce time taken during development of new products, and
also lowers time spent on development of prototype models to test and analyze
the product’s functional features and capabilities. Companies are focusing on
lowering time required for product manufacturing and reducing time required to
deliver products to customers using CAE, thereby increasing company revenues
and lowering operating costs.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global
Computer Aided Engineering Market By
Product Type, By End Use Industry, By Region, Competition Forecast &
Opportunities, 2012-2022”
has evaluated the future growth potential of global computer aided engineering market
and provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in global computer aided engineering market.
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