No.2473
Computer Aided Engineering (CAE) Market for Machinery in Japan: Key Research Findings 2020
Domestic CAE Market Size for Machinery Projected to Slow Down to 86,000 Million Yen in 2020, and to Significantly Drop in 2021, Affected by COVID-19 Pandemics
Yano Research Institute (the President, Takashi Mizukoshi) carried out a survey on the global computer aided engineering (CAE) market for mechanical engineering, and found out the market status, trend of market players, and future perspectives. This press release discloses the results of the domestic market analysis.
Market Overview
The domestic market size of CAE for mechanical engineering in 2019 rose by 6.9% from the previous year to achieve 83,716 million yen, based on the sales at businesses. The growth rate, however, is likely to slow down in 2020 to 2.8% to generate 86,025 million yen.
Favorable domestic economy drove the CAE market for mechanical engineering to grow steadfastly in 2019, but this changed in 2020. COVID-19 pandemic deteriorated the entire economic activities and gave a hard blow to the manufacturing industry, especially the auto industry that has encouraged growth of the CAE market for mechanical engineering.
On the other hand, since the budget of Japanese companies for FY2020 was decided before the infections spread in Japan, which somewhat limited the negative influence of the pandemic.
Noteworthy Topics
Livelihood in COVID-19 Pandemic Led Progress in Cloud Applications and Workstyle Reform
As infections of COVID-19 expanded, many domestic manufacturing companies introduced telework and many designers at manufacturers began working at home. The use of cloud solutions has increased to allow remote access to work and has been recognized as effective, which is true also in engineering, where cloud computing is likely to prevail.
Although the tools to support design reviews at remote locations by using CAD data viewers or VR (Virtual Reality) were not well accepted in Japan, because the communications by meeting with each other have been thought as preferable, use of the tools may increase, with telework becoming a part of daily lives.
Future Outlook
The domestic market size of CAE for mechanical engineering for 2021 is likely to decline by 18.9% from the previous year to 69,800 million yen, based on the sales at businesses. Sluggish economic activities affected by COVID-19 pandemic are projected to significantly reduce capital investment at enterprises, which is likely to bring about serious market slowdown just like the aftermath of bankruptcy of Lehman Brothers.
Later, the domestic market size of CAE for mechanical engineering is expected to upturn when capital investment recovers in wide ranges of manufacturing.
Research Outline
2.Research Object： CAE vendors, etc.
3.Research Methogology： Face-to-face interviews by specialized researchers, survey via telephone/email, and literature research
The CAE Market
CAE (Computer Aided Engineering) refers to the concept of using computer software to support product design and development process. As the tool to realize it, there are several types of CAE software: CAE for mechanical engineering, which is used to analyze the characteristics of mechanical systems such as stress intensity and fluid resistance; model-based development tools such as 1D CAE; and other CAE software such as system to support numerical calculation, etc.
The CAE market for mechanical engineering in this research indicate CAE for mechanical engineering that helps to analyze structure, thermal fluid, resin molding, and casting, the market size of which is calculated based on the sales of the businesses.
＜Products and Services in the Market＞
CAE for mechanical engineering (for structural analysis, thermal fluid analysis, resin molding analysis, casting analysis, etc.)
Published Report
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