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COVID-19 Impacts: Computer Aided Engineering (CAE) Market will Accelerate at a CAGR of over 11% through 2020-2024 | Growth of the Smartphone Industry to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Aug 5, 2020--

Technavio has been monitoring the computer aided engineering (CAE) market and it is poised to grow by $ 4.27 bn during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200805005072/en/

Technavio has announced its latest market research report titled Global Computer Aided Engineering (CAE) Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.Please Request Latest Free Sample Report on COVID-19 Impact

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Altair Engineering Inc., ANSYS Inc., Dassault Systemes SE, ESI Group, Hexagon AB, NUMECA International, PTC Therapeutics Inc., Siemens AG, Simerics Inc., and Symscape are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The growth of the smartphone industry has been instrumental in driving the growth of the market. However, lack of awareness among end-users about developments in CFD might hamper market growth.

Computer Aided Engineering (CAE) Market 2020-2024 : Segmentation

Computer Aided Engineering (CAE) Market is segmented as below:

  • Product
    • CFD
    • FEA
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR43145

Computer Aided Engineering (CAE) Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our computer aided engineering (CAE) market report covers the following areas:

  • Computer Aided Engineering (CAE) Market size
  • Computer Aided Engineering (CAE) Market trends
  • Computer Aided Engineering (CAE) Market industry analysis

This study identifies increasing requirements for large-scale project management as one of the prime reasons driving the computer aided engineering (CAE) market growth during the next few years.

Computer Aided Engineering (CAE) Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the computer aided engineering (CAE) market, including some of the vendors such as Altair Engineering Inc., ANSYS Inc., Dassault Systemes SE, ESI Group, Hexagon AB, NUMECA International, PTC Therapeutics Inc., Siemens AG, Simerics Inc., and Symscape. Backed with competitive intelligence and benchmarking, our research reports on the computer aided engineering (CAE) market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Computer Aided Engineering (CAE) Market 2020-2024 : Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist computer aided engineering (CAE) market growth during the next five years
  • Estimation of the computer aided engineering (CAE) market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the computer aided engineering (CAE) market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of computer aided engineering (CAE) market vendors

Table Of Contents :

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • FEA - Market size and forecast 2019-2024
  • CFD - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Automotive - Market size and forecast 2019-2024
  • Aerospace and defense - Market size and forecast 2019-2024
  • Electrical and electronics - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Altair Engineering Inc.
  • ANSYS Inc.
  • Dassault Systemes SE
  • ESI Group
  • Hexagon AB
  • NUMECA International
  • PTC Therapeutics Inc.
  • Siemens AG
  • Simerics Inc.
  • Symscape

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200805005072/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY ENGINEERING ELECTRONIC DESIGN AUTOMATION MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 08/05/2020 08:30 AM/DISC: 08/05/2020 08:30 AM

http://www.businesswire.com/news/home/20200805005072/en

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