Computer-aided engineering (CAE) is an interactive and sophisticated computer software used to solve engineering problems. It includes tools such as multibody dynamics (MBD), finite element analysis (FEA), optimization, and computational fluid dynamics (CFD). CAE software improves engineering tasks by analyzing performance and toughness of assemblies and their components. These software solutions are extensively used in automotive, electronics, industrial equipment manufacturing, and defense and aerospace industries, among others.
Latest Innovation a Boon for Engineers
“EDEM”, a pioneer in Discrete Element Method (DEM) technology, is revolutionizing CAE with a new software developed to make bulk material simulation available to engineers using FEA and MDB software for heavy equipment. This will extend the compatibility of the host software and provide engineers with insight into how materials work with the equipment. This new software integrates CAE software from ANSYS MSC Software and Siemens, which do not involve any DEM. Bulk material simulations are used by a small pool of DEM experts, owing to their complexities. This has been a hindrance for many design engineers. EDEM will make EDM accessible for a larger pool of engineers.
This new software is crafted specifically for engineers working in off-highway, construction, mining, and other heavy industrial sectors. It equips them with a library of thousands of material models, representing a range of material such as ores, rocks, and soil. It will provide them with accurate and realistic information on reaction of material loads on equipment. This analysis is carried out by a host of software in a familiar environment for engineers. This will help improve accuracy and reduce expensive physical prototyping.
Market Watch
According to a new study by Grand View Research, Inc., the computer aided engineering (CAE) market is projected to reach USD 12.8 billion by 2025. Integrated software solutions have eliminated the need for various prototypes and temperature in battery modules. This has extended the life and performance of batteries. This is expected to drive the market over the coming years.
Some of the major industry players include NEC Display Solutions, Ltd., BenQ Corporation, Seiko Epson Corp., and Casio Computer Co. Ltd. These companies engage in expansion of software technology offerings through mergers and acquisitions.
In-Depth research report on Computer Aided Engineering (CAE) Market:
http://www.grandviewresearch.com/industry-analysis/computer-aided-engineering-cae-market
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