Computer-aided engineering (CAE) is an interactive and sophisticated computer software, used to solve engineering problems. Multibody Dynamics (MBD), Finite Element Analysis (FEA), optimization, and Computational Fluid Dynamics (CFD) are the chief tools used in CAE. This software improves the engineering tasks by analyzing the performance and toughness of the assemblies and their components. CAE software is extensively used in automotive, electronics, industrial equipment, and defense & aerospace among other end-use industries.
Innovative Software for Material Simulation
EDEM, a pioneer in Discrete Element Method (DEM) technology has launched “EDEM for” software, in 2017. This software can enable bulk material simulation with the help of FEA and MDB software. The software is designed for heavy equipment. It can extend capability of the host software. It can also provide an insight into the interaction between materials and equipment. This software can integrate with CAE software with MSC Software, ANSYS, and Siemens that do not involve DEM. Complexity of bulk material simulations is a hindrance for many design engineers.
This new software can be useful for the engineers working in off-highway, construction, mining, and other heavy industrial sectors. It equips them with a library of thousands of material models that represent a range of material such as ores, rocks, and soil. This can provide them with accurate and realistic information about the reaction of material loads on equipment. This analysis is carried out in an environment familiar for the engineers. This can improve accuracy and reduce expensive physical prototyping.
According to a new study by Grand View Research, Inc.; the worldwide computer aided engineering (CAE) market is projected to reach USD 12.8 billion by 2025. Integrated software solutions have eliminated the requirement for multiple prototypes. This can drive the market at a steady CAGR during the forecast period (2014 to 2025). High emphasis on analyzing the temperature and increasing life expectancy of the battery modules can further support the expansion.
Major players operating in the global market for computer aided engineering are NEC Display Solutions, Ltd., BenQ Corporation, Seiko Epson Corp., and Casio Computer Co. Ltd. Most companies engage in mergers & acquisitions to obtain novel software technologies.