Computer Aided Engineering Market Driver Analysis, Industry
Growing Factors, Revenue Outlook 2025
“Computer Aided Engineering Market size was valued at USD 5.23 billion in
2015 and is projected to reach USD 12.8 billion by 2025. Global Computer
Aided Engineering (CAE) market is expected to observe steady growth owing
to increasing the need for collective product improvement.”
The global Computer Aided Engineering (CAE) Market size was valued at USD 5.23 billion in 2015 and is
projected to reach USD 12.8 billion by 2025. Global Computer Aided Engineering (CAE) market is expected to
observe steady growth owing to increasing the need for collective product improvement. Computer-aided
engineering application has the provision to undertake various tasks which include analysis, validation,
simulation, and manufacturing of engineering goods. The convenience of worldwide licenses is expected to be
a major driving factor for market growth over the forecast period. Global licenses help industry players to
provide computer-aided engineering applications at a standardized fee. It also makes them easy to decide billing
related to support and service offerings. Application of integrated CAE tools results in a reduction in product
analysis time and product life cycle time. This helps in improving the overall efficiency.
Increasing usage of smartphones and tablets is expected to propel the market growth. The demand for CAE
tools is expected to rise owing to its adoption in non-traditional fields including government institutions and
consumer durables. Features including customer support, ownership cost, functionality, and quality of the CAE
tools are expected to boost the industry growth. Machines have been rated out of data on account of rapid
change in technology and new product. In order to achieve a competitive edge, market players are determined
to make extensive investments in research and development. Cloud-based CAE solution provides great
opportunities and is anticipated to boost the market growth over the forecast period. Open source CAE tools
are mostly preferred by small and medium enterprises owing to huge investments for exclusive licenses.
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