TechNavio today launched its report Computer-aided Engineering Software Market in India 2011-2015 based on an in-depth study focusing exclusively on India. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said, ”The increasing integration of Computer-aided Engineering (CAE) and Computer-aided Design (CAD) solutions is one of the major trends in the CAE Software market in India. Organizations which use CAE and CAD solutions as standalone applications often face compatibility issues. Thus, many organizations are now increasingly adopting CAE and CAD as an integrated application rather than standalone applications. Integration of CAE and CAD solutions provides an easy way to edit the design at any stage of the project through a collaborative product development cycle. This integration increases the compatibility of CAD and CAE solutions as it provides a single platform for design.”
According to the report, the largest end-user of CAE applications in India is the Automotive industry and it is followed by the Aerospace and Defense industry. In addition to these two large end-users, CAE applications are being implemented in India across various other industry verticals such as Consumer Durables, Medical Devices, Consumer Electronics, and Heavy Engineering. The increasing adoption of CAE applications in these verticals provides many opportunities for CAE vendors to tap these new verticals and to increase their revenue in the CAE Software market in India.
Further, the report also discusses that the high initial investment involved in the adoption of CAE software is a major challenge that impedes the growth of the CAE Software market in India.
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 players. For further information on this report, please visit https://www.technavio.com/content/computer-aided-engineering-software-mar…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For more information on our Engineering, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Report – Computer-aided Engineering Software Market in India 2011-2015
