San Francisco, CA -- (SBWIRE) -- 03/26/2020 -- A recent report by TMR Research, titled, "Computer Aided Engineering (CAE) Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025," envisages this market to showcase a fantastic performance.

CAE software finds extensive application in several processes dealing with industrial manufacturing such as simulation, validation, analysis, and production. With the advent of computational fluid dynamics, an attractive growth opportunity for this market is expected to occur. This is mainly due to the instrumental role played by CAE programs to enable cost reduction of electric vehicles and prediction of thermal circumstances in industrial environments. Extensive efforts are being taken by creators of authentic computer aided engineering programs to improve the products' reach through effective marketing.

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However, ready availability of various open source software solutions with licenses could pose a threat to the global computer aided engineering (CAE) market. This is mainly because of cost saving and inclusion of operating licenses in case of the former. Nevertheless, key players are focusing on decreasing production costs, in an attempt to get rid of all hindrances affecting the market's growth.

The global computer aided engineering (CAE) market is divided into many segments based on tools, region, and end users. Geography-wise, the market is spread across North America, Asia Pacific, Europe, and Rest of the World. From these, Asia Pacific is projected to attract handsome shares in the upcoming years due to a rise in implementation of CAE tools in different manufacturing industries.

The global computer aided engineering (CAE) market is characterized by a consolidated competitive landscape, with few players holding maximum shares. Most businesses generate revenues through direct sales or through associated value added reseller companies (VARs). AspenTechnology, Inc., Siemens Product Lifecycle Management Software Inc., Dassault Systemes, Mentor Graphics, Inc., Exa Corporation, Altair Engineering, Inc., Computational Engineering International Inc., and Bentley Systems Incorporated are the most prominent players operating in the global computer aided engineering (CAE) market.

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