Computer aided Design & Engineering CAD/CAE Market 2016

Global Computer-aided Engineering Market 2012-2016

The Global CAE market is expected to post a CAGR of 11.18 percent during the period 2012-2016. The market is expected to post revenue of US$3,402.30 million by 2016 according to TechNavio”s report, the Global CAE Market 2012-2016. The Global CAE market is driven by many growth factors. One of the major drivers in the market is the increasing need to reduce time-to-market. There are, however, certain factors that may affect the growth of the market. One of the major challenges in the market is the increasing threat of open-source CAE software that could affect the growth of the market during the forecast period.

According to the report, one of the major drivers in the market is 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 improves the speed of the product design cycle and reduces the product analysis time.

Further, the report states that one of the major challenges in the market is the increased threat from open source CAE software. Many commercial users are adopting several open source CAE tools rather than investing a large amount of money in commercial licenses.

There are a number of end-user segments in the Global CAE market of which the Automotive, Electrical and Electronics, Industrial Machinery, and Aerospace and Defense are the key end-user segments in this market.

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Global Computer-aided Engineering Market 2012-2016

The Global CAD market is expected to post a CAGR of 8.60 percent during the period 2012-2016. The major revenue contribution to the Global CAD market comes from the Europe region, followed by the Asia-Pacific (APAC) region, and North America. The market is expected to post revenue of US$8,295.41 million in 2016 according to TechNavio”s report, the Global CAD Market 2012-2016. The need for enhanced product visualization is expected to be one of the key drivers that will drive the growth for this market. There are, however, certain factors that may affect the growth of the market. The increasing threat from open source and pirated CAD software solutions is a challenge that could affect the growth of the market during the forecast period.

According to the report, one of the main drivers in this market is the need for enhanced product visualization. With the increase in customer expectations, companies across several industries are increasingly adopting CAD solutions to develop superior quality products with ease and efficiency.

Further, the report states that one of the main challenges in this market is the requirement for high initial investments for adopting CAD solutions. The high cost of these solutions, coupled with the added cost of training employees to use these solutions effectively, is hindering their adoption in various industries across the globe.

The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Alibre Design, Aveva Group plc, ESI Group, Intergraph Corp., Nemetschek AG and progeCAD.

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