Computer-aided engineering (CAE) is the use of computer software to simulate performance in order to improve product designs or assist in the resolution of engineering problems for a wide range of industries. This includes simulation, validation and optimization of products, processes, and manufacturing tools.
The growing penetration of IoT, tablets, and smartphones are expected to boost the CAE market growth. Owing to the growth of IOT, wearable devices, used in the fields of medicine, fitness, transportation, education, entertainment, and gaming, are increasing; paving way for growth of the CAE market. Miniaturization of electronic devices and sensors and persuasive connectivity with lowered costs have immensely contributed to the growth of wearable technology devices.

Market Analysis and Insights: Global CAE Market
The global CAE market size is projected to reach US$ 10430 million by 2027, from US$ 6074.6 million in 2020, at a CAGR of 7.9% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global CAE market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global CAE market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global CAE market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global CAE market.

Global CAE Scope and Market Size
CAE market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global CAE market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Finite Element Analysis (FEA)
Computational Fluid Dynamics (CFD)
Multibody Dynamics
Optimization & Simulation

Segment by Application
Automotive Industry
Aerospace and Defense Industry
Electrical and Electronics Industry
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
ANSYS
Dassault Systèmes
Hexagon
PTC
Siemens PLM Software
Altair
Applied Math Modeling
Ceetron
COMSOL
ESI
Exa
NUMECA
Simerics
Symscape