NEWS

Global CAE market to reach $12.8 billion

The global Computer Aided Engineering (CAE) market is anticipated to reach $12.8 billion by 2025, according to a new report by Grand View Research, a US-based market research and consulting company. This growth is due to increasing use of wearable technology in combination with IOT and increasing interest in autonomous vehicles.

The growth of IoT devices, tablets, and smartphones are expected to boost the CAE market growth. The use of wearable devices, used in the fields of medicine, fitness, transportation, education, entertainment, and gaming, are increasing; paving way for growth of the CAE market. Miniaturisation of electronic devices and sensors and persuasive connectivity with lowered costs have contributed significantly to the growth of wearable technology devices.

Governments regulations, mandating applications, such as collision avoidance, parking assistance systems, wireless communication technology, and interactive infotainment systems, in the upcoming car technologies to increase driver safety, are all expected to raise the demand of CAE software. Additionally, technological advancements in the automotive sector, including driverless cars and semi-autonomous cars, are further anticipated to boost the industry demand. Emerging engineering paradigms such as 3D printing, building information modelling, concurrent engineering are also influencing growth in the CAE market.

The full report is available on the company's website.

Twitter icon
Google icon
Del.icio.us icon
Digg icon
LinkedIn icon
Reddit icon
e-mail icon
Feature

Robert Roe explores the role of maintenance in ensuring HPC systems run at optimal performance

Feature

Robert Roe speaks with Dr Maria Girone, Chief Technology Officer at CERN openlab.

Feature

Dr Keren Bergman, Professor of Electrical Engineering at the School of Engineering and Applied Science, Columbia University discusses her keynote on the development of silicon photonics for HPC ahead of her keynote presentation at ISC High Performance 2018 

Feature

Sophia Ktori explores the use of informatics software in the first of two articles covering the use of laboratory informatics software in regulated industries

Feature

Robert Roe discusses the role of the Pistoia Alliance in creating the lab of the future with Pistoia’s Nick Lynch