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nickyshukla1 · 4 years ago

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Global Marine CAE Software Market Overview, Size, Share and Trends 2020-2026

Summary - A new market study, titled “Global Marine CAE Software Market Size, Status and Forecast 2020-2026” has been featured on WiseGuyReports

This report focuses on the global Marine CAE Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Marine CAE Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.

ALSO READ: https://www.openpr.com/news/1927231/marine-cae-software-market-2020-global

The key players covered in this study ShaftDesigner (Intellectual Maritime Technologies) TotalSim LLC SimScale Gamma Technologies LLC Fexilon BETA CAE Systems Simuserv INTESIM Simerics Inc Neilsoft CDH AG Conceptia Siemens Nanjing Tianfu

Market segment by Type, the product can be split into Cloud-Based On-Premises Market segment by Application, split into Shaft Alignment Whirling Vibration Bending (Lateral) Vibration Axial Vibration Torsional Vibration Others

Market segment by Regions/Countries, this report covers North America Europe China Japan Southeast Asia India Central & South America

The study objectives of this report are: To analyze global Marine CAE Software status, future forecast, growth opportunity, key market and key players. To present the Marine CAE Software development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America. To strategically profile the key players and comprehensively analyze their development plan and strategies. To define, describe and forecast the market by type, market and key regions.

In this study, the years considered to estimate the market size of Marine CAE Software are as follows: History Year: 2015-2019 Base Year: 2019 Estimated Year: 2020 Forecast Year 2020 to 2026 For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

FOR MORE DETAILS: https://www.wiseguyreports.com/reports/4931881-global-marine-cae-software-market-size-status-and-forecast-2020-2026

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#Marine CAE Software Market

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enteknograte · 4 years ago

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garryron · 2 years ago

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strangemusictriumph · 2 years ago

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Simulators Market - Forecast (2022 - 2027)

The Simulator Market is projected to be $22.4 billion by 2026 and is analyzed to grow at a CAGR of 3.6% during forecast period 2021-2026. Based on end-user, the military and defense training segment is anticipated to grow at the highest CAGR during the forecast period. With continuous advancements in technologies related to simulation, operational costs of military training have reduced, thereby leading to the increased use of simulators in military training. Increasing demand for virtual training environment for both commercial and military purposes and growing need for cost effective training, especially for flights are expected to accelerate the Simulator market during forecast period. Similarly, rising spending in aerospace training sectors are creating opportunity for flight simulator market. For instance, recently a Canadian company CAE, which is engaged in training for the civil aviation proposed to invest $288.75 million for the development and training activities. These kind of investments are likely to bring demand for Simulator market. Growing collaborations between OEMs and governments in providing efficient training and rising number of contracts for procuring advanced simulators is analysed to drive the market growth in the forecast period 2021-2026.

Report Coverage

The report: “ Simulator Industry Outlook – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Simulator Market.

By Type - Flight (Full Flight Simulator(FFS), Full Mission Simulator (FMS), Flight Training Devices (FTD), Fixed Base Simulator (FBS), Cockpit Procedure Training, UAV Simulator and Others), Marine (Bridge Simulator, ROV Simulators, Engine Room Simulator, Ship/Cargo Handling Simulator, GMDSS/Communication Simulators, Vessel Traffic Control Simulator and Others), Land (Driving Simulator, Land Force Training Simulator and Others).

By End Use Industry - Military Defense, Civil, Commercial, Others.

By Solution - New Solutions (Hardware, Software, Services), Current Solution (Hardware Software, Services).

By Technique - Live, Virtual, Game Based, Constructive.

By Vehicle Type - Flight (Military Aircraft, Commercial Aircraft, Helicopters and UAVs), Maritime (Commercial, Military, Unmanned Vehicles) and Land (Commercial, Military, Unmanned Vehicles).

By Geography - North America (U.S, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands and Others), APAC (China, Japan, South Korea, India, Australia, Indonesia, Malaysia and Others), South America (Brazil, Argentina, Chile, Colombia and Others),RoW (Middle East, Africa).

Key Takeaways

With continuous advancements in technologies related to simulation, operational costs of military training has reduced, thereby leading to the increased use of simulators in military training.

The commercial sector is one of the major end user of simulator market, owing to the significant growth in the aviation sector across the globe. Moreover airline companies are using innovative simulators to provide cost-effective airborne training experience to pilots in a safe environment.

Rising partnerships between manufacturers and other end-users is analysed to drive the market growth. In addition, growing investments by several companies for expansion of training facilities is also analysed to drive the market growth in the forecast period.

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Simulator Market Segment Analysis - By Type

Flight Simulators dominate the market with a share of over 48% in 2020. Increasing demand for new commercial and military pilots, adoption of virtual flight training to ensure aviation safety, and the need for cost-cutting of pilot training are expected to drive the market. The industry is witnessing unprecedented R&D efforts in aerospace technology coupled with technological advancements resulting in development of highly advanced flight simulators. Among these Full Flight Simulators hold the largest share. The full flight simulator provides airlines and training centers with the ultimate high fidelity pilot training experience while maintaining high degrees of reliability, maintainability, and supportability. In addition FFS is a high fidelity full size replica of a specific type or make, model and series airplane flight deck which can represent the airplane in ground and flight operations. It also have a visual system providing an out of the flight deck view, and a force cueing motion system. Owing to these features several end users are replacing Flight training devices with FFS.

Simulator Market Segment Analysis - By End Use Industry

Flight simulator for military and defense application is likely to register a CAGR of 4.2% during forecast period 2021-2026. Globally, training budgets for defense organizations and armed forces are tightening, while requirements to deliver cost-effective, high-quality training are increasing. Governments across the world are reducing military costs due to reduced financial resources. The defense ministries of many countries are reducing their training budgets and are downscaling the militaries. This has increased the focus of the military in attaining cheaper and effective solutions for their requirement. In addition, military simulation and virtual training are progressively getting adopted by the armed forces of many countries across the globe. They help reduce training costs as they are based on Commercial-off-the-Shelf (COTS) components. These factors are significant for the armed forces to invent massive innovation in simulation-based training technologies. Moreover, increasing need for modification of existing equipment and order for new advanced equipment is anticipated to drive the growth of the military simulation and virtual training market. For instance, Bohemia Interactive Simulation developed an Augmented Reality (AR) visual systems for Textron, Inc. These systems support a trainee’s interactions with the real world using VR/AR technologies and offers a synthetically generated visual scene.

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Simulator Market Segment Analysis - By Geography

In 2020, North America dominated the Flight Simulator industry market size for about 38.1% market share, followed by APAC and Europe. Early adoption of advanced technologies has been driving the simulator in this region. Rising adoption of smart technologies in aerospace, defense and other has been increasing the demand for simulators In U.S. strict guidelines imposed by the Federal Aviation Administration (FAA) and Federal Aviation Regulations (FARs) regarding use of simulators for training purpose. According to new FAR regulations, Air carriers must compulsory develop training programs using simulators that meet the upgraded requirements. Stringent regulations as such will drive the usage of simulators in this region. Similarly high demand for air travel in U.S. is also one of the major reason for flight simulator market as it increases the need for pilot training. For instance according to the report given by International Air Transport Association (IATA), in 2019, global passenger traffic in North America increased by 6.5%. By 2022, U.S Military had committed to invest more than $11 billion for virtual, augmented and mixed reality training systems and simulator which will drive market growth.

Simulator Market Drivers

Rising Collaboration between Companies and Governments

Rising collaborations between OEMs to OEMs or governments to OEMs for advancements, expansions and contracts is analysed to drive the market growth in the forecast period. In 2019, CAE partnered with JetBlue airways to provide 2 CAE 500XR flight training devices and 2 Airbus A220- 300 CAE 7000XR series full flight simulators. Similarly In 2019, CAE and EasyJet partnered and inaugurated a new training center in Milan, the CAE Milan training center, which is expected to train 2000 pilots annually on CAE’s 600XR FTD. In 2019, Rockwell Collins Simulation & Training Solutions awarded with $40.2 million contract for the E-8 aircrew training device sustainment to contractor logistics support for the JSTARS (Joint Surveillance Target Attack Radar Systems) simulators. In January 2019, Fidelity technologies delivered UH-60A flight training devices to the Afghanistan air force special mission wing by end of 2020. In March 2019, Thales received a contract from Caverton Helicopters (Africa) to provide Thales’ Reality-H Full Flight Simulator to train the pilots of Caverton helicopters for the AW139 aircraft platform. This helped the company in expanding its customer base in Africa. In 2020, L3 Harris Technologies Inc. had been awarded with $900 million contract to design and deploy common platforms and standards across the Air Force’s array of training simulators until 2030. Such collaborations propel adoption of simulators

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Need for Cost Cutting in Military Training

Simulation-based military training is gaining popularity amongst defence organizations as it offers the dual benefit of boosting operational effectiveness while reducing costs. In addition this type of training also takes away the costs associated with running vehicles, operating weapons and maintaining an environment, making it a highly cost-effective solution for the armed forces. Moreover, commercial technologies such as advanced simulators are transforming the global market and have the potential to bring down military training costs. Further, governments of several countries have been collaborating with several simulator OEM for efficient training. In 2019, Saab has signed a three-year contract with the UK Ministry of Defence for the provision of support and services to the Direct Fire Weapon Effects Simulator (DFWES) capability. In 2020, Aviation manufacturer CAE USA is authorized to proceed on the US Army contract to provide advanced helicopter flight training support services. Similarly other countries such as India, U.K, and so on are adopting these simulators in order to reduce cost of training and also to ensure safety. Hence these factors drive the market growth in the forecast period 2021-2026.

Simulator Market Challenges

High cost involved in the making of flight simulator and complexities in acquiring License COVID-19 situation have created a negative impact on the growth of the global simulator market. As it has been noticed that due to the pandemic most of the activities, training modules and various operational activities have been stopped which has created a negative impact on the global market. Moreover the aviation industry has suffered more as the pandemic destroyed ticket due to which the revenue of the companies declined. As a result, many companies will look to limit the spending especially on purchasing new simulators. Hence this factor hampers the market in the short term.

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Market Landscape

Partnership and acquisitions are key strategies adopted by players in the Flight Simulator market. In 2018, flight Simulator market industry outlook was consolidated with the top five players accounting for more than 52.45% of the share. Flight Simulator top 10 companies include CAE, Boeing, FlightSafety Inc., L3 Harris Technology, Thales, Airbus, Kongsberg, General Dynamics, Raytheon and Northrop Grumman among others.

Acquisitions/Technology Launches

In June 2019, Rockwell Collins Simulation & Training Solutions awarded with $40.2 million contract for the E-8 aircrew training device sustainment to contractor logistics support for the JSTARS (Joint Surveillance Target Attack Radar Systems) simulators.

In March 2019, Thales received a contract from Caverton Helicopters (Africa) to provide Thales’ Reality-H Full Flight Simulator to train the pilots of Caverton helicopters for the AW139 aircraft platform. This helped the company in expanding its customer base in Africa.

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#Simulator Market price #Simulator Market share #Simulator Market trends #Simulator Market report #Simulator Market #Simulator

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trendingfact · 6 years ago

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Engineering Services Outsourcing Market: Present Scenario and the Growth Prospects with Forecast 2026

Over the years, in a product-centric world, R&D has always been perceived as intellectual property, and hence, is treated with utmost confidentiality. There was no room for collaborative or complementary R&D. However, after a certain period of evolution, there was a shift away from products alone to an ecosystem of services around the product, focusing on end-user experience. Also, there emerged a need for the development of the product, associated platforms, and industry- and geospecific variants for companies to go to market.

Companies are engaged in developing or enhancing services in order to serve customers across various industries such as construction, manufacturing, etc. better. The engineering services industry has been flourishing across regions. Engineering services include services that are required at each stage of the product lifecycle, from conceptualization to retirement. Product design and development, which are at the core of engineering function, have long leveraged information technology (IT) through tools and databases and through the automation of certain processes.

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Engineering services evolved into an outsourcing model that enhanced the efficiency of a firm, improved processes and cost effectiveness, and lowered time to develop a product. Many companies have begun offshoring to cut costs and have also expanded their commitments for more strategic reasons. The automotive sector, for example, offshores engineering. While some companies such as GM use offshoring primarily as a tactical tool to help cut costs, others such as Toyota see the offshoring of product development in more strategic terms: as a way to help open up new markets and boost overall productivity and quality. This more strategic view will become increasingly prevalent over time.

Engineering Services Outsourcing Market – Drivers and Restraints

Furthermore, the growing penetration of mobile devices such as smartphones, tablets, and laptops has increased the ease and accessibility of engineering software. This, in turn, is bolstering the growth of the engineering software market. Furthermore, the introduction of cloud-based engineering software products is boosting the market. However, high maintenance cost and license cost coupled with a lack of technical expertise in operating these software is hindering the market. Executives in many industries are now beginning to believe that sending product development offshore is a smart way to not only reduce the cost of product innovation, but to accelerate speed to market and add the sheer scale of innovation.

Another factor restraining the engineering services outsourcing market is that the cost differential between professionals in advanced and developing countries is declining. A significant opportunity for key players lies in the rising demand for engineering services outsourcing from the marine, ship building, and offshore sectors in order to provide reliable operating platforms to overcome extreme weather conditions, physical space constraints, and remote locations.

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Engineering Services Outsourcing Market – Segmentation

The engineering services outsourcing market can be segmented based on type, industry, and region. In terms of type, the engineering services outsourcing market can be classified into on-shore and off-shore. Based on industry, the engineering services outsourcing market can be divided into aerospace, automotive, manufacturing, consumer electronics and semiconductor, pharmaceuticals, and telecom.

In terms of region, the engineering services outsourcing market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is a prominent region of the engineering services outsourcing market due to the low-skilled talent pool and conducive government regulations in countries such as India, Malaysia, and the Philippines.

Engineering Services Outsourcing Market – Key Players

Major vendors operating in the engineering services outsourcing market are M Group, Fareva, Deaton Engineering, Inc., Aricent Group, Cybage Software Pvt. Ltd., EPAM Systems, Inc., GlobalLogic, Cyient, and Pactera Technology International Ltd. Leading players in the market are focusing on the introduction of advanced services in order to strengthen their position and expand their customer base. Companies are extensively investing in R&D operations and are focusing on providing customized services to their customers.

#Engineering Services Outsourcing Market

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marketresearchandsurvey · 6 years ago

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Engineering Services Outsourcing Market: M Group, Fareva, Deaton Engineering, Inc., Aricent Group, Cybage Software Pvt. Ltd., EPAM Systems are key companies

Engineering Services Outsourcing Market - Overview

Engineering Services Outsourcing Market - Drivers and Restraints

A major factor driving the engineering services outsourcing market is the rise in need for automation and increase in adoption of integrated solutions for analyzing and designing engineering systems. Engineering software such as computer-aided designing (CAD) software, computer-aided engineering (CAE) software, computer-aided manufacturing (CAM) software, electronic design automation (EDA) software, and architecture, engineering, and construction (AEC) software are highly adopted by industries across the region. Furthermore, the growing penetration of mobile devices such as smartphones, tablets, and laptops has increased the ease and accessibility of engineering software. This, in turn, is bolstering the growth of the engineering software market. Furthermore, the introduction of cloud-based engineering software products is boosting the market. However, high maintenance cost and license cost coupled with a lack of technical expertise in operating these software is hindering the market.

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Executives in many industries are now beginning to believe that sending product development offshore is a smart way to not only reduce the cost of product innovation, but to accelerate speed to market and add the sheer scale of innovation. Another factor restraining the engineering services outsourcing market is that the cost differential between professionals in advanced and developing countries is declining. A significant opportunity for key players lies in the rising demand for engineering services outsourcing from the marine, ship building, and offshore sectors in order to provide reliable operating platforms to overcome extreme weather conditions, physical space constraints, and remote locations.

Engineering Services Outsourcing Market - Segmentation

Engineering Services Outsourcing Market - Key Players

#Engineering Services Outsourcing Market

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trendingfact · 6 years ago

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Engineering Services Outsourcing Market: Market Shares And Strategies Of Key Players

Engineering Services Outsourcing Market – Drivers and Restraints

This, in turn, is bolstering the growth of the engineering software market. Furthermore, the introduction of cloud-based engineering software products is boosting the market. However, high maintenance cost and license cost coupled with a lack of technical expertise in operating these software is hindering the market. Executives in many industries are now beginning to believe that sending product development offshore is a smart way to not only reduce the cost of product innovation, but to accelerate speed to market and add the sheer scale of innovation.

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Engineering Services Outsourcing Market – Segmentation

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Engineering Services Outsourcing Market – Key Players

#Engineering Services Outsourcing Market

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marketresearchandsurvey · 7 years ago

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Engineering Software : Granular View of The Market from Various End-Use Segments

The global engineering software market defines the use of different software such as computer-aided designing (CAD) software, computer-aided engineering (CAE) software, computer-aided manufacturing (CAM) software, electronic design automation (EDA) software, and architecture, engineering, and construction (AEC) software. These software are utilized across various engineering disciplines, such as electronics and communication engineering, electrical engineering, process engineering, chemical engineering, and mechanical engineering. The global engineering software market was valued at US$ 19.98 billion in 2014 and is forecast to grow at a CAGR of 12.4% from 2015 to 2022.

The rising need of automation and growing adoption of integrated solutions for analyzing and designing of engineering systems is fueling the global engineering software market. Furthermore, the growing penetration of mobile devices such as smartphones, tablets and laptops has increased the ease and accessibility of engineering software, which in turn, is bolstering the growth of engineering software market.

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The key market players profiled in this report include Autodesk, Inc., Bentley Systems, Inc., Dassault Systemes S.A., IBM Corporation, Geometric Ltd., Siemens PLM Software, Inc., SAP SE, Synopsys, Inc., PTC, Inc., Ansys, Inc., and MSC Software Corporation. A significant opportunity for the key players lies in the growing demand of engineering software across marine, ship building and offshore sectors in order to provide reliable operating platform to overcome with extreme weather conditions, physical space constraints, and remote locations.

The global engineering software market is segmented on the basis of software type, application type, and geography. On the basis of software type, the market is segmented into CAD software, CAE software, CAM software, AEC software, and EDA software.

In 2014, the CAD software segment led the market and is expected to continue its dominance with nearly half of the global market revenue share in 2022. Currently, the surge in demand for CAD software is driven by the growing trend of mobile access to CAD which is boosting the adoption of CAD software worldwide, especially in the APAC.

On the basis of applications, the global engineering software market is classified into design automation, plant design, product design & testing, drafting & 3D modeling and others. The others application segment includes enterprise resource planning, project management, knowledge management, and 3D printing services.

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The drafting & 3D modeling is expected to be the fastest growing application segment owing to its rising usage in textbook publishing, advertising, marketing, and geology & science. Scientists and geologists are using 3D modeling to simulate earthquakes and landforms in order to see the effect of stress and draw conclusions based on their findings.

North America led the global engineering software market in 2014, accounting for over one-third of the global market revenue share and it is expected to lead the market throughout the forecast period 2015 to 2022. This is owing to the evolution of cloud-based engineering software which provides a range of advantages, such as ease of access, large space of storage, and security. Latin America is expected to be the fastest growing region for the market owing to immense growth in manufacturing and telecommunication industries, making significant usage of engineering softwares.

The market for CAD/CAM/CAE and EDA is anticipated to increase in Brazil, Mexico, Argentina, and Mexico. In Middle East & Africa (MEA), government investments and advancements in technology are acting as drivers for the growth of industrial sector, which in turn, is anticipated to drive the engineering software market in the coming years. In addition, the growth of engineering software market in Asia Pacific is mainly driven by burgeoning construction field and expanding automation industry. Thus, the engineering software market is analyzed to grow at a CAGR of 12.4% during the period 2015 to 2022.

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