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APAC CAE market: 13.3% CAGR forecast between 2012-16
CAE Market in APAC Region 2012-2016 - a new market research report on 2014-04-04 14:47:03
The CAE market in the APAC region to grow at a CAGR of 13.31 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to reduce the time to market. The CAE market in the APAC region has also been witnessing an increasing adoption of integrated CAE software. However, the increased threat from open source CAE software could pose a challenge to the growth of this market.
Some of the large CAE Software market vendors have recently started providing integrated CAE software with several other PLM tools to improve both the efficiency and the effectiveness of product development cycles. Many customers prefer this integrated software as it reduces the product development cycle time and simultaneously increases its efficiency. For instance, some of the CAE vendors offer tools that can be integrated with a variety of analysis and design software such as CAD. Thus, customers have realized the benefits of having integrated product development cycles, which leads to a demand for integrated CAE software in the market.
The need to reduce the time-to-market is one of the major drivers in the CAE Software market in the APAC region. Organizations need shorter product development cycles to compete in a competitive business environment. CAE helps improve the time-to-market of a product by reducing the product development cycle time and the testing time.
One of the major challenges in the market is the increased threat from open-source CAE software. Many commercial users are adopting several open-source CAE tools rather than investing a large amount of money in commercial licenses.
The key vendors dominating this space include Ansys Inc., CD-adapco Group, Dassault Systèmes SA, and MSC Software Corp.
The other vendors mentioned are Altair Engineering Inc., AspenTech Ltd., Bentley Systems Inc., Blue Ridge Numerics Inc. (Autodesk Inc.), Computational Engineering International Inc., COMSOL Inc., Electro Source Inc., Entecho Pty Ltd., ESI Group S.A., Exa Corp., Flow Science Inc., Future Facilities Ltd., LMS International N.V. (Siemens PLM Software Inc.), Mentor Graphics Corp., NEi Software Inc., No Limits Software Inc., Numeca International Inc., Numeca International SA, Purkay Laboratories, TotalCAE, and Visual Collaboration Technologies Inc.
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