London, 24 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global CAE Market 2015-2019, which is expected to grow at a CAGR of 11.34 percent from 2014-2019.
Discrete manufacturing companies rely on CAE to improve their operational efficiency and minimise time-to-market. Several manufacturing industries use CAE to reduce their overall operating expenses and product development costs. Many process industries such as Oil and Gas, Energy, and Petrochemical are adopting CAE, especially computational fluid dynamics.
“Some CAE vendors offer tools that can be integrated with a variety of analysis and design tools such as CAD,” says Faisal Ghaus, Vice President of TechNavio.
“Several large CAE market vendors have recently started to provide integrated CAE with several other PLM tools to improve efficiency and effectiveness of product development cycles.”
Key Market Drivers
- Increased Need to Reduce Time-to-market
- Increased Outsourcing of Manufacturing Activity to Developing Nations
- Increased Need for Collaborative Product Development
- Increased Need to Reduce Product Development Costs
- Increased Demand from Discrete Manufacturing Industries
- Competitive Pressure to Provide Product Differentiation
Key Market Trends
- Development of Universal Licenses
- Increased Adoption of Integrated CAE Software
- Development of CAE for Mobile Devices
- Increased Number of Special-purpose Software Vendors
- Affordable Software Licensing Costs for Smaller Enterprises
Key Market Vendors
- Ansys Inc.
- CD-adapco Group
- Dassault Systèmes SA
- Siemens PLM Software
- Mentor Graphics Corp.
- MSC Software Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
