A Computer-Aided Engineering (CAE) software includes computer-based analysis tools used for optimizing engineering tasks at every level of a product life cycle. The CAE software and services are now utilized in many industry segments, such as aerospace and automotive segments along with the traditional manufacturing segment. Further, they are being deployed by medical device manufacturers, consumer products, electronics, and process manufacturing industries. In addition, scientific researchers have also begun to adopt CAE solutions to complement their analytical and experimental approaches.
A CAE software helps in optimizing the product designs based on the customer and engineering requirements. Also, it tests the product performance virtually. Further, the implementation of CAE software enables the organization to meet customer expectations, since it helps in predicting and accommodating real-world conditions, and sharing the results. Moreover, these organizations are benefited with the generation of sensitivity reports that describe the impact of changes on the product performance. This enables the organizations to take better decisions, based on the product performance reports. Thus, a CAE software helps in optimizing product designs to achieve a desired real-world performance.
Many design and manufacturing organizations have been using CAE tools earlier in the product development process, with some even utilizing them in the conceptual phase —the initial stage of design. This helps the organizations in detecting the errors and correcting them immediately. Further, utilization of CAE early in the design phase helps in solving the optimization problems; thus, reducing costs and improving user satisfaction.
This report by TechNavio Insights highlights scope of the Australian CAE Software market. Further, it discusses key market trends, drivers, growth inhibitors and a few major vendors in the market.