Press Release

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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Rising focus on reduction in product design time & operational cost, coupled with growing automotive industry to drive global computer aided engineering market through 2022

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