Global Computer-aided Design and Engineering Market 2012-2016 – Worldwide Computer-aided Design and Engineering Industry Share, Size, Analysis, Trends, And Forecast to 2016


Albany, New York (PRWEB) April 17, 2013

Computer-aided design (CAD) software provides an efficient, easier and cost-effective method for modeling and designing critical parts, components, and structurals with enhanced quality and accuracy. These software solutions assist engineers, architects, and other design professionals to draft industry-specific products for superior product development, thereby facilitating easy manufacturability.

These CAD tools are adopted by several industrial sectors such as, mechanical, civil, plant design, geo-information systems, and other engineering industries. It therefore, enables end-users to develop their ideas and simulate the products of the real world by digitally prototyping their creation.

Global Computer-aided Design Market 2012-2016 : http://www.marketresearchreports.biz/analysis/166467

Market overview

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.

Regional overview

Europe accounted for the largest share of revenue in the Global CAD market in 2012. This large revenue contribution of the region is mainly because of the increased presence of companies across industries such as Automotive, Aerospace, Electrical and Electronics, and Industrial Machinery.

End-user segmentation/product segmentation overview

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

Vendor landscape

Currently, there are a few companies that have a significant presence in the Global CAD market as a result of the commercialization of their products. The market is characterized by the presence of well-diversified international, regional and local vendors. However, as the international players are increasing their footprints, local vendors are finding it difficult to compete with them, especially on quality features and the capability of the CAD solutions.

Global Computer-aided Engineering Market 2012-2016 : http://www.marketresearchreports.biz/analysis/166466

Computer-aided engineering (CAE) is the practice of using a broad range of software products to assist in engineering tasks. These software products support a wide range of tasks such as the simulation, validation, analysis, and manufacture of engineering products. CAE includes two major tools-finite element analysis (FEA) and computational fluid dynamics (CFD).

FEA is an applied technique in engineering that evaluates the functionality of a certain product design before the prototypes are produced. It is used in various manufacturing industries for the estimation of structural strength and behavior, modeling, simulation, and design optimization. CFD is a tool that analyzes the flow, turbulence, pressure distribution, and interaction of liquids and gases with various structures.

Market overview

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.

Regional overview

North America accounted for the largest share of revenue in the Global CAE market in 2012, and it was followed by the APAC region. The APAC region is one of the fastest growing geographies in the global market due to the emergence of several manufacturing industries in this region.

End-user segmentation/product segmentation overview

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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