Market World Computer Aided Engineering Market | Page 2

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. Cloud-based tools have enabled industries to enhance their market reach in
small and medium sectors offering advantages including low operating costs, maintenance costs, and company
mobility. Further, pay-per-use billing techniques are expected to leverage the CAE market growth over the
forecast period.
Lack of technical proficiency and shortage of trained labour force is expected to hamper market growth over
the forecast period. Organizations are expected to hesitate in making high investments for CAE licenses owing
to the presence of open source solutions. Counterfeit software is a threat to the CAE market players. Extreme
competition is expected to affect market players resulting in the reduction of profit margins and rise in
operational expenditures. High maintenance and license costs offer challenges for overall market growth.
CAE market is segmented on the basis of product design which includes computational fluid dynamics (CFD) and
finite element analysis (FEA). Finite element analysis finds its application in the assessment of given product
design before its model is formed is done using finite element analysis. Computational fluid dynamics include
analysis of engine movement, pressure measurement, and studying liquid and gases with various structures.
CAE market is also segmented on the basis of end-user application which includes aerospace, defense,
automobile, electronics, and industrial machinery. CAE tools have assisted organizations in aerospace and
automobile sectors to develop safer product along with avoiding huge expenditures of developing prototype
model.
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Asia Pacific leads the market and the trend is anticipated to continue owing to the presence of a large number
of manufacturing industries adopting CAE tools. Regional demand is followed by North America and Europe on
account of high concentration of automated manufacturing industries. Increasing adoption of CAE tools among
SME is expected to drive the overall regional demand may drive the CAE market in Latin America. Africa has
been witnessing a slow growth owing to the absence of advanced manufacturing processes.
Major players in the CAE market include Dassault, ANSYS, Siemens PLM Software, MSC Software, Altair
Engineering, ESI Group, Mentor Graphics, Computational Engineering International, Bentley Systems, Exa
Corporation, Numeca International, NEi Software and Flow Science. Merger and acquisition have been a
common trend observed in recent years. Companies try to expand their geographical reach as well as product
portfolio through these merger strategies. Organisations have been concentrating on research and
development for continuous improvement of their products. This is very essential to make themselves