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Technavio Says the Dominance of the Americas in the Aerospace and Defense Industry Will Boost Growth of the Global CAE Market for VARs

Renewable energy

 

Technavio, a tech-focused market research firm, has published a new report on the global CAE market for VARs, which is expected to will grow steadily during the next four years and post a CAGR of more than 11% by 2020. 

This latest report by Technavio covers the market outlook and growth prospects of the global CAE market for VARs for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.

Based on geographical division, Technavio market researchers segment the global CAE market for VAR into the following key regions: The Americas, APAC and EMEA.

Geographical segmentation of the global CAE market for VAR for 2015 (market share %)

Americas

40.04%

APAC

31.01%

EMEA

28.96%

                                                                     Source: Technavio

CAE market for VARs in the Americas

The Americas is the highest contributing region to the global CAE market for VARs, posting a CAGR of 11% in 2015. The Americas is the largest player in the market with a large requirement of CFD and FEA software in the region. The market will find huge demand for CAE from Canada, Mexico, and Brazil, where these countries are finding new investments to set up their industries. The majority of the investments are directed at buying new technologies, software, and hardware, wherein CAE assumes an important role in the product design paradigm. Apart from the US, Canada and Mexico are the key countries that accounted for the highest share of the market in North America. With the increase in fuel prices, most of the major vendors in the aerospace and defense industry are starting to focus on green aerospace technology.

According to  Ishmeet Kaur, a lead analyst at Technavio, specializing in research on product lifecycle management, “The aerospace and defense industry are major industries of the US in North America. The expenditure on defense for the US was approximately 38%-40% of the world’s total military expenditure.  CAE is widely used in the process of creating fuel-efficient aerospace and defense products.”

Click here to request a free sample of this report

CAE market for VARs in APAC

The CAE market in APAC has been growing steadily owing to the increased consumer awareness in the region. The APAC market is highly fragmented with a large number of vendors. Countries such as India, China, South Korea, and Japan are the leading revenue contributors to the growth of CAE market for VARs in APAC as the market finds an increase in the presence of a large number of VARs in the region. It has been observed that the automotive and electrical and electronics industries are the major revenue contributors to the growth of CAE market for VARs in APAC.

CAE market for VARs in EMEA

With EMEA having a few major resellers dominating over several regions across the globe, the growth of CAE market for VARs in EMEA will be steady and gradual. Europe being the home for several aerospace and defense companies that specialize in R&D, the growth in R&D of these industries will be a major driver for the CAE market in Europe. To buy new technology, solution, services, hardware, and software (includes CAE) to develop new products, companies are making huge investment on R&D. The market is driven by the presence of a large number of VARs for Siemens PLM Software, Dassault Systèmes, PTC, and ANSYS. CAE is provided by these VARs to several users in the region with upmost customer satisfaction.

In the EMEA region, the UK and Germany are the key revenue generators. The aerospace and defense industry in the UK is highly advanced in terms of production and R&D and Germany is one of the major players in many European space programs.

The top leading vendors operating in the global CAE market for VARs are:

  • ANSYS
  • CD-Adapco
  • Dassault Systèmes
  • Mentor Graphics
  • OpenCFD
  • Siemens PLM Software
  • PTC

A more detailed analysis is available in the Technavio report tilted, ‘Global CAE Market for VARs 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.

Other related reports:

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For any assistance or query, please contact our media team at:

media@technavio.com
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​https://www.technavio.com/

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