Computer Aided Engineering Market Is Likely To Up Demand At A USD 16.19 Billion By 2028
San Francisco, 11 May 2021: The Report Computer Aided Engineering Market Size, Share & Trends Analysis Report By Type (FEA, CFD, Multibody Dynamics, Optimization & Simulation), By Deployment Model, By End-use, And Segment Forecasts, 2021 - 2028 The global computer aided engineering market size is anticipated to reach USD 16.19 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.1% from 2021 to 2028. The rapid growth of the wearable industry is likely to increase the use of Computer Aided Engineering (CAE) software in the electronics industry. The major players in the market are in search of new sources for revenue as the smartphone market is in the maturity stage. As a result, the demand for wearable technology has increased the demand over the forecast period. The growing penetration of the Internet of Things (IoT), tablets, and smartphones are expected to boost the CAE market growth. Owing to the growth of IoT,