Computer Aided Engineering (CAE) Global Market Report 2022: Trend towards Outsourcing of Manufacturing Processes to Emerging Economies Fuels Demand for CAE Solutions – ResearchAndMarkets.com – Business Wire
DUBLIN–(BUSINESS WIRE)–The “Computer Aided Engineering (CAE) – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The global market for Computer Aided Engineering (CAE) estimated at US$5.2 Billion in the year 2020, is projected to reach a revised size of US$8.7 Billion by 2026, growing at a CAGR of 9.1% over the analysis period.
Global Computer Aided Engineering (CAE) Market to Reach $8.7 Billion by 2026
Computer-aided engineering (CAE) refers to the use of computer and software solutions to design, analyze and generate processes and products. CAE broadly incorporates computer aided design (CAD) as well as computer aided manufacturing (CAM) capabilities for providing assistance in engineering analysis processes.
The market has benefited significantly from the rapid shift of manufacturing of the West to cheaper destinations in the East. Market growth would be largely directed by the emerging economies, where the prominence of CIM or Computer Integrated Manufacturing is growing.
Continued reduction in prices of CAE software and licensing fees would also stimulate market growth. Cloud computing is bringing down costs of licensing, deployment as well as maintenance, which is likely to expand the market. Companies are also leveraging advanced technologies like machine learning and artificial intelligence for creating advanced CAE tools.
The U.S. Market is Estimated at $1.7 Billion in 2021, While China is Forecast to Reach $1.1 Billion by 2026
The Computer Aided Engineering (CAE) market in the U.S. is estimated at US$1.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2026 trailing a CAGR of 11.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 8.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR. North America and Europe are the leading regions led by increasing manufacturing sector automation. The presence of large automotive manufacturers in countries such as Russia, Germany and Romania also propel market growth for CAE in Europe. Growth in the Asia-Pacific region is mainly attributed to steady rise of major end-use industries. Another prominent growth promoting factor is the growing automation penetration in manufacturing industries in the region.
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Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/nqq099
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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900