DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/tjlpv8/cae_market_in) has announced the addition of the "CAE Market in China 2012-2016" report to their offering.
The analysts forecast the CAE market in China to grow at a CAGR of 14.5 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing need to reduce the time to market. The CAE market in China has also been witnessing an increasing adoption of integrated CAE software. However, the growing threat from open source CAE software could pose a challenge to the growth of this market.
The key vendors dominating this space include Altair Engineering Inc., Ansys Inc., Dassault Systèmes SA, ESI Group, MSC Software Corp., and Siemens PLM Software Inc.
The other vendors mentioned in this report are CAXA Technology Co. Ltd., Vero Software plc, AspenTech Ltd., COMSOL Inc., and Flow Science Inc.
Commenting on the report, an analyst from the team said: 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. The integration of CAE and CAD solutions provides an easy way to edit the design at any stage of a project. This integration increases the compatibility between CAD and CAE solutions as it provides a single platform for design. Thus, customers have realized the benefits of having integrated product development cycles, which leads to a demand for integrated CAE software in the market.
According to the report, one of the major drivers in the market is the increased need to reduce the time-to-market. CAE helps improve the time-to-market of a product by reducing the product development cycle time and the testing time. It also improves the speed of the product design process and reduces the product analysis time using simulated models.
For more information visit http://www.researchandmarkets.com/research/tjlpv8/cae_market_in
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