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The Asia Pacific Computer Aided Engineering (CAE) Market would witness market growth of 12.3% CAGR during the forecast period (2017 - 2023). The Asia Pacific market would witness exponential growth during the forecast period, due to growing investments by the governments of the region for the development of the manufacturing sector and for the expansion of the capacity of renewable energy generation.
Automation of the industrial equipment would further contribute to the market growth. Cloud computing minimizes cost associated in hardware acquisition and software licensing, installation, and support, contributing to the growth of the CAE software. Companies are adopting the Hyper-Converged Infrastructure (HCI) platform to build private cloud infrastructure which enables advanced computation and storage services.
Based on Type, the market report segments the market into Finite Element Analysis, Computational Fluid Dynamics, Multibody Dynamics, and Optimization & Simulation. Based on Deployment Type, the market report segments the market into Finite Element Analysis, Computational Fluid Dynamics, Multibody Dynamics, and Optimization & Simulation. Based on Vertical, the market report segments the market into Automotive, Aerospace & Defense, Healthcare, Industrial Equipment, Electronics, and Others.
Based on Countries, the Computer Aided Engineering (CAE) market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the competition analysis of key stakeholders of the Computer Aided Engineering (CAE) Market. Key companies profiled in the report include Autodesk, Inc., Bentley Systems, Inc., ANSYS, Inc., Altair Engineering, Dassault Systemes, ESI Group, Exa Corporation, Hexagon AB (MSC Software Corporation), and Siemens AG.