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CAE market to grow at 11.84% CAGR by 2021 explored in latest research

IT Market Research

Global CAE Market 2017-2021 report considers the revenue generated from the new software licenses of CAE software including FEA and CFD.

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The CAE market report considers the revenue generated from the new software licenses of CAE software including FEA and CFD.

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One trend in the CAE market is increasing adoption of CFD for battery designing. The increasing number of electric vehicles is becoming a trend in the automotive industry.

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Key players in the global CAE market: ANSYS, Dassault Systèmes, Hexagon, PTC, and Siemens PLM Software. Other Prominent Vendors in the market are: Altair, Applied Math Modeling, Ceetron, COMSOL, ESI, Exa, NUMECA, Simerics, and Symscape.

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The analysts forecast global CAE market to grow at a CAGR of 11.84% during the period 2017-2021. CAE is the practice of using a wide range of software applications to assist in engineering tasks.

These software applications support a variety of tasks such as simulation, analysis, validation, and manufacture of engineering products. CAE includes two key tools: FEA and CFD.

FEA software helps evaluate the functionality of a given product design even before its prototype is produced. CFD analyzes turbulence, flow, pressure distribution, and interaction of liquids and gases with different structures.

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