What is the Computer Aided Engineering (CAE) Market?

Posted by pooja on August 18th, 2022

The global computer aided engineering market (CAE) is expected to witness a high growth in the years to come on account of the rapid rise in the outsourcing of manufacturing processes to developing nations. The fact that integrated software solutions eliminate the need for multiple prototypes as well as reduce the risk of product recalls, it is expected that the demand for computer aided engineering will increase manifolds in the years to come.

Computer-aided engineering (CAE) is a term used by the electronic design automation (EDA) industry. The term is assigned to computer software leveraged to design, examine, and produce products and processes. CAE includes computer-aided design (CAD) which entails the use of a computer for creating designs and computer-aided manufacturing (CAM) which involves use of computers for carrying out manufacturing. 

In order to gauge the competition prevailing in the global market for computer aided engineering (CAE), the report profiles players such as Siemens Product Lifecycle Management Software Inc., Dassault Systemes, Altair Engineering, Inc., Mentor Graphics, Inc., AspenTechnology, Inc., Computational Engineering International Inc., Bentley Systems Incorporated, and Exa Corporation. The report offers key information on their strategies, revenues, market shares, and plans and prospects going forward.

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pooja
Joined: July 27th, 2022
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