Global Composite Simulation Software Market by Software Type (Computer Aided Design, Computer Aided Engineering, and Computer Aided Manufacturing), by End-Use Industry Type (Aerospace & Defense, Transportation, Building & Construction, Wind Energy, Marine, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017 – 2022
This report, from Stratview Research, studies the simulation software market in the global composites industry over the period 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.
The Global Simulation Software Market in the Composites Industry: Highlights
The global composite simulation software market was valued at US$ 43.6 million in 2016 and is projected to grow at an impressive CAGR of 8.5% over the next five years and reach US$ 71.4 million in 2022. Organic growth of composites industry, high demand for automation and faster production process, and increasing demand for simulation software from design to production are the major growth drivers of the market.