Cambashi, together with partner intrinSIM announced its latest COVID adjusted CAE / Simulation market data & forecast. The Market for CAE / Simulation software will reach $6.1bn in 2020.The 2020 update of its CAE Market Observatory shows that the CAE market has been growing in double-digit figures and will continue on that path - except for 2020.
These growth rates illustrate that this is just the beginning of the Simulation Revolution, which will continue to grow as more and more organizations realize that Engineering Simulation is a Key Driver to the Business Drivers that enable increased competitiveness. While 2020 will present lower growth rates, and Cambashi expects negative growth from the automotive industry, growth overall is still expected to be positive. Going forward, the trends that were driving the 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. And COVID-19 is also opening up new opportunities, especially around modeling air flow, people movement, and space organization in any facilities where people spend significant amounts of time in close proximity to each other. The need to provide a safe working environment to get industries back to some form of normal situation could also result in new linkages between CAE and BIM vendors and CAE and IIoT/Connected Application technology providers.
We use cookies to help provide you with the best possible online experience.
By using this site, you agree that we may store and access cookies on your device.
You can find out more and set your own preferences here.
