Global Computer Aided Engineering Market To Grow Remarkably And Surpass Revenue Of USD 5.86 Billion By 2021

The performance and growth of the global computer aided engineering market are particularly dependent on the business generated by its key market contenders. Some of the dominating market players are AspenTech, Exa Corporation, Numeca International, Bentley Systems, ESI Group, Synopsys Inc., MSC Software Corporation Inc., Mentor Graphics Corporation, Dassault Systemes, NEi Software, PLM Software, Inc., and ANSYS Inc. among others.

Based on the research report released by Zion Market Research, the revenue generated by the global computer aided engineering market was reached around USD 3,062.37 Million in 2015 and is likely to cross almost USD 5,863.36 Million by 2021, developing at a CAGR of slightly more than 11.10% from 2016 to 2021.

Browse the Zion Market Research (ZMR)-released recent report, titled “Computer Aided Engineering Market (Finite Element Analysis and Computational Fluid Dynamics) for Aerospace, Automobile, Electronic and Electricals Defense, Industrial Machineries and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015-2021”- Report at https://www.zionmarketresearch.com/report/computer-aided-engineering-market

The Increasing Trend Of Tablets And Smartphones Likely To Drive The Development Of Global Computer Aided Engineering Market

The research report states that the growing trend of smartphones and tablets is about to impel the global computer aided engineering market throughout the forecast period between 2016 and 2021. Increasing utilization of novel engineering modes and concepts such as concurrent engineering, 3D modeling & printing, and building information modeling are the key growth factors for the global computer aided engineering market. On the contrary, the mounting threat of piracy and open-source of CAE software can reluctantly affect the global computer aided engineering market growth in the upcoming years. The shortage of technical expertise, as well as skilled labor, might limit the global computer aided engineering market growth during the forecast period.

Meanwhile, cloud-based computer aided engineering equipment is likely to facilitate vendors to deliver data maintenance services at nominal cost and attain a significant position in the global computer aided engineering market. Computer aided engineering plays a significant role in economic development and is a fundamental element of several global sectors comprising automotive, oil, aerospace, defense, finance, and healthcare among others. Moreover, several market contenders are carrying out different activities to drive the global computer aided engineering market. For instance, WorldSkills has been conducting “Center of Computer-Aided Engineering” in Reverse Engineering every year since 2015 to promote the innovations conducted in the global computer aided engineering market.

Establishment Of Several Manufacturing Sectors To Help The Asia Pacific Market Expand Swiftly

In terms of revenue generation, North America acquired the leading position in the global computer aided engineering market in 2015. The Asia Pacific was the first runner up behind North America. However, the Asia Pacific is one of the fastest developing regions in the global computer aided engineering market due to the establishment of various manufacturing sectors in this region. In the Middle East & Africa, the endorsement of product lifecycle management strategies at a broad scale by industries has boosted the demand for a global computer aided engineering market.

The report segment of global computer aided engineering market as follows:

Global Computer Aided Engineering: Product Segment Analysis

• Finite Element Analysis (FEA)
• Computational Fluid Dynamics (CFD). 

Global Computer Aided Engineering: End-User Segment Analysis

• Aerospace
• Automobile
• Electrical and electronics
• Defense
• Industrial machinery
• Others

Global Computer Aided engineering Market: Region Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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