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Press release content from Business Wire. The AP news staff was not involved in its creation.

2021 Computer Aided Engineering Report on the Automotive Industry - Size, Growth and Position for Each of the Top 5 Vendors - ResearchAndMarkets.com

November 16, 2021 GMT

DUBLIN--(BUSINESS WIRE)--Nov 16, 2021--

The “Automotive Industry - Computer Aided Engineering (CAE) 2021 Market Report: Market Size and Growth; 4-Year Forecast; Market Size, Growth and Position for Each of the Top 5 Vendors” report has been added to ResearchAndMarkets.com’s offering.

CAE in the automotive industry has been impacted on multiple fronts during the COVID-19 pandemic, with a sharp reduction in consumer demand as well as manufacturing impacts due to ‘lockdown’ and social distancing measures. As a result, many of the key simulation software vendors reported falls in revenue in the early quarters of 2020.

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CAE software vendors who are more reliant on automotive revenue have been hit harder. But vendors also report having seen some degree of improvement in the second half of the year. There is still a current expectation that the automotive market will recover well in the upcoming years. This is in part is being driven by increase in electric and green vehicle design and simulation, with many countries introducing (or moving forward) climate control targets, like banning the sale of new diesel & Petrol cars (e.g. in the UK by 2030).

The development of autonomous vehicle sensors and battery simulation for Electric vehicles will be another key driver for growth in the future.

Data in this Computer Aided Engineering Market report is provided in Software Revenue and Total Revenue terms.

Software Revenue includes CAE-related software licences, maintenance, and subscription revenues. It excludes provider services and non-CAE-related software revenue.

Total Revenue includes CAE-related provider services in addition to CAE-related software revenue. Third-party services are excluded.

Data is provided in U.S. Dollars (USD) and relate to Provider Revenues. Reseller margin and sales tax are excluded. All data is for the Worldwide market in 2021, unless otherwise stated. The data used in this snapshot is from the 2021 CAE Observatory.

Forecasts and other data in this workbook are based on economic data from various sources published during early 2021

The CAE Observatory was built in conjunction with industry specialists to help plan and develop the dataset, as well as contribute research and validation. The data is based upon multiple sources and viewpoints of the market, the most important being primary research of vendors. The model feeds additional information and industry knowledge from other stakeholders and Market Observatories.

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The CAE software industry is constantly evolving. Due to mergers, acquisitions and ongoing research, the list of included providers and products will change over time. This is a continual process.

Scope covering the CAE Market

2D and 3D physics based, simulation/analysis software, and related services using discretisation methods (e.g., Finite Element, Finite Volume, Finite Difference, Discrete Element, Meshless Methods).

Model Based Systems Engineering. From an overall system perspective, numerical models of components and systems behaviour (e.g. Modelica, AmeSim) are excluded. This might include 0D & 1D controls; physics simulation/analysis software and related services.

Key Topics Covered:

CAE Market Observatory

  • Sources
  • Definition of Automotive industry
  • Market Size
  • Size & Growth of Automotive Industry
  • Position of ‘Automotive’ Industry Within CAE Market

For each of the Top 5 vendors:

  • Size & Growth
  • Position for Provider within Automotive Market
  • Position of “Automotive” within Provider
  • Other Providers

Companies Mentioned

  • Ansys
  • Siemens Digital Industries Software
  • Hexagon
  • Dassault Systemes
  • Altair Engineering

For more information about this report visit https://www.researchandmarkets.com/r/jgq4ll

View source version on businesswire.com:https://www.businesswire.com/news/home/20211116006186/en/

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KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2021.

PUB: 11/16/2021 12:22 PM/DISC: 11/16/2021 12:23 PM

http://www.businesswire.com/news/home/20211116006186/en