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The Global Computer Aided Engineering Market size is expected to reach $11.1 billion by 2023, rising at a market growth of 10.7% CAGR during the forecast period, due to growing outsourcing activities in the manufacturing processes in the emerging economies. The market would witness significant growth during the forecast period, as the integrated software solutions are used in eliminating the need for multiple prototypes and also handle product recall concerns. The increasing use of CFD software to analyze temperature in battery modules and extend battery life and performance are the factors that would drive the market growth.
Based on Type, the Computer Aided Engineering Market Analysis 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 Computer Aided Engineering Market Size 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 Regions, the Computer Aided Engineering (CAE) market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the competition analysis of key stake holders of the Computer Aided Engineering (CAE) Market. Key companies profiled in the report include Autodesk, Inc., Bentley Systems, Inc., ANSYS, Inc., Altair Engineering, Dassault Syst?mes, ESI Group, Exa Corporation, Hexagon AB (MSC Software Corporation), and Siemens AG..