Cambashi Releases 2020 Update of CAE Market Observatory 

Market for CAE / Simulation software will reach $6.1bn in 2020.

Market for CAE / Simulation software will reach $6.1bn in 2020.

CAE software market growth for select industries. Image courtesy of Cambashi.

Cambashi, together with partner intrinSIM, offer the latest COVID-adjusted CAE/Simulation market data & forecast, which indicates the CAE (computer-aided engineering) market has been growing in double digit figures and will continue on that path excluding 2020.

“These growth rates illustrate the beginning of the Simulation Revolution, which will continue to grow as increasingly more organizations realize that Engineering Simulation is a Key Driver to the Business Drivers that enable increased competitiveness,” says Joe Walsh, intrinSIM.

“While 2020 will present lower growth rates, and Cambashi expects negative growth from e.g. the automotive industy, growth overall is still expected to be positive,” says Petra Gartzen, senior consultant, Cambashi. 

Going forward, the trends that were driving adoption of simulation have not gone away because of COVID-19. The need to develop new, greener versions of any kind of product will accelerate, especially in industries generating vapor trails.

COVID-19 is also opening up new opportunities especially around modeling air flow, people movement and space organization in any kind of building—be that a factory, a museum, an office, transport, etc.—where people spend significant amounts of time in close proximity. The need to provide a safe working environment to get industries back to some kind of normal situation could also result in new linkages between CAE and BIM vendors and CAE and IIoT/Connected Application technology providers. 

For more details on the research, click here.

Sources: Press materials received from the company and additional information gleaned from the company’s website.

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