Sheetal2305 Aug, 2025Technology
The CAE market is expected to expand at a compound annual growth rate (CAGR) of 10.2% from USD 12.28 billion in 2025 to USD 19.96 billion by 2030. The increasing need for simulation-driven design to speed up product development, cut costs, and improve product performance is a major market driver. This change is being made possible by top firms like Ansys, Dassault Systèmes, Siemens, and MathWorks, who provide sophisticated simulation tools that enable virtual component testing in real-world scenarios. By reducing dependency on expensive physical prototypes, optimizing performance, and assisting engineers in identifying design defects early on, these technologies promote quicker and more effective product creation across industries.
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