TechNavio recognizes the following companies as the key players in the CAE Market in India: Ansys Inc., CD-adapco Group, Dassault Systèmes SA, and MSC Software Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Some of the large CAE vendors in the market have recently started providing CAE software integrated with several other PLM tools to improve both the efficiency and the effectiveness of the product development cycles. Many customers prefer this integrated software as it reduces the product development cycle time and simultaneously increases its efficiency. For instance, some of the CAE vendors offer tools that can be integrated with a variety of analysis and design software such as CAD. Thus, customers have realized the benefits of having integrated product development cycles, which leads to a demand for integrated CAE software in the market.”
According to the report, one of the major drivers in the market is the increased need to reduce the time-to-market. CAE helps improve the time-to-market of a product by reducing the product development cycle time and the testing time. It also improves the speed of the product design process and reduces the product analysis time using simulated models.
Further, the report states that the high initial investment is one of the major challenges in the market. Many SMEs are finding it difficult to adopt CAE tools because of the high initial investment. Additionally, many commercial users are adopting several open source CAE tools rather than investing a large amount of money in commercial licenses.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/cae-market-india-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -CAE Market in India 2012-2016
