Automotive CAE Simulation Software Market by Communication Type (V2V, V2I, V2P and V2D), Vehicle Type (Buses and Trucks) and Region - Global Forecast to 2027
CAE stands for Computer-aided Engineering. The CAE software helps and eases automotive engineering analysis process. CAE solutions software can predict the consequence of any design change in the product on the real- world performance. The CAE can be used to improve design and guide the designing process through the all production processes. By using multiple integration, the CAE simulation software can help to design most effective model. CAE is capable of performing static, dynamic, non-linear and non-linear dynamic, buckling, modal, transient simulations. With increasing focus of automotive OEM and governments on decreasing vehicle emission, decreasing overall vehicle weight, and increasing fuel efficiency is likely to drive the automotive CAE simulation market. Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics (MBD), durability and optimization are included in CAE. The simulation software is mostly used for CFD and FEA analysis in the automotive industry. These software types assist in predicting, validating, and optimizing products using accurate analysis. The FEA software enables virtual testing, predicts structure behaviors, and assists in solving complex structural engineering problems. The FEA software is used to predict product performance, thermal and dynamic analyses, optimize designs, and validate product behavior before manufacturing. FEA is widely used in various automotive industries to estimate structural strength and behavior, modelling, simulation, and design optimization. The CFD software is a mathematical and engineering principles-based module that uses the CFD theory to solve complex fluid flow-related problems. It uses computational methods and data on fluid viscosity and fluid flow rates to simulate the flow of liquids and gases. It is also used for optimizing pressure drop and flow distribution.
Increasing adoption of semi-autonomous vehicles and fast paced development of autonomous vehicles is expected to provide huge opportunity for the growth of automotive CAE simulation market. However, readily and freely available pen source software are anticipated to restrain the automotive CAE simulation market. The key players in the market includes, Siemens, IBM, and Mentor Graphics.
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Growth opportunities and latent adjacency in Automotive CAE Simulation Software Market