About Exa Corporation
Exa Corporation develops, markets, and supports simulation software for the fluids engineering marketplace along with a full suite of engineering consulting services. Exa's products and services serve the ground transportation market including: automotive, heavy vehicle, agricultural equipment and off-highway, motorsports, motorcycle, recreational equipment, trains and supplier networks. Major applications include: aerodynamics, heat transfer, and aeroacoustics, along with a set of products to support the creation of geometric models and results management process. Beyond ground transportation, Exa's products are utilized in the aerospace, HVAC, AEC, power generation, biomedical and electronics markets.
Exa Corporation Patents
Exa Corporation has filed 36 patents.
Fluid dynamics, Porous media, Fluid mechanics, Hydrology, Rotating disc computer storage media
Fluid dynamics, Porous media, Fluid mechanics, Hydrology, Rotating disc computer storage media
Latest Exa Corporation News
Jan 9, 2024
New York, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Key Market Insights: The global computer aided engineering (CAE) software market is forecast to expand at a CAGR of 12.3% and thereby increase from a value of US$9.8 billion in 2023, to US$22.2 billion by the end of 2030. The Computer-Aided Engineering (CAE) Software Market is experiencing significant growth and evolution as it continues to play a pivotal role in enhancing engineering processes across various industries. CAE software, designed to facilitate simulation, analysis, and optimization of engineering designs, has become a cornerstone in product development and innovation. This market's expansion is fueled by the increasing demand for sophisticated and efficient tools to streamline the product development lifecycle, ensuring higher quality and reduced time-to-market. Industries such as automotive, aerospace, and manufacturing are major contributors to the CAE software market's growth, leveraging advanced simulation capabilities to improve product performance, safety, and reliability. The integration of artificial intelligence and machine learning technologies into CAE software further enhances its predictive and prescriptive capabilities, empowering engineers to make data-driven decisions. Cloud-based CAE solutions are gaining traction, offering scalability, accessibility, and collaboration advantages. The market is witnessing a shift towards subscription-based models, providing flexibility and cost-effectiveness for businesses of all sizes. Additionally, a focus on user-friendly interfaces and interoperability with other software applications is driving greater adoption across diverse engineering disciplines. Get a Free Sample PDF Brochure: https://www.persistencemarketresearch.com/samples/33627 Market Scope: Key Companies Profiled ANSYS, Altair Engineering, Autodesk, Bentley Systems, Inc, Dassault Systems, ESI Group, Exa Corporation, Mentor Graphics Corporation, MSC Software Corporation Market Growth Drivers: The computer-Aided Engineering (CAE) software market is experiencing robust growth driven by several key factors. Firstly, the increasing complexity of product designs across industries such as automotive, aerospace, and manufacturing has elevated the demand for sophisticated simulation and analysis tools provided by CAE software. This software enables engineers to optimize product performance, reduce time-to-market, and minimize costs through virtual prototyping. Secondly, the rise of Industry 4.0 and the adoption of digital twin technology have further propelled the CAE software market. Organizations are increasingly recognizing the value of creating virtual replicas of physical products and processes for real-time monitoring and analysis. CAE plays a pivotal role in this digital transformation, fostering innovation and enhancing product development efficiency. Additionally, the growing emphasis on sustainability and environmental considerations has increased the need for advanced simulation tools to optimize energy usage, material efficiency, and overall eco-friendly design practices. CAE software addresses these challenges by enabling engineers to assess and improve the environmental impact of their designs before physical prototypes are created. Furthermore, the global trend towards remote working and collaboration has fueled the demand for cloud-based CAE solutions, providing engineers with flexibility and accessibility to powerful simulation tools from various locations. the Computer-Aided Engineering (CAE) software market is witnessing substantial growth, driven by the imperative for innovative and efficient product development, the integration of digital twin technology, sustainability concerns, and the shift towards cloud-based solutions in a rapidly evolving technological landscape. Market Restraints: High Cost of Software and Implementation:CAE software often involves significant upfront costs for licensing and implementation. The expenses associated with training personnel to use the software can further increase the overall cost. Small and medium-sized enterprises (SMEs) may find it challenging to afford such investments. Complexity and Learning Curve: CAE software is sophisticated and requires specialized skills to operate effectively. Engineers and designers may need extensive training to harness the full capabilities of the software. The steep learning curve can act as a barrier to adoption for some organizations. Integration Challenges: Integrating CAE software with existing systems and workflows can be a complex process. Incompatibility issues with other software tools and systems may arise, leading to disruptions in the design and engineering process. Limited Awareness and Education: Some industries or businesses may not be fully aware of the benefits of CAE software or may not understand how to integrate it into their existing processes. Lack of awareness and education can slow down the adoption rate across various sectors. Security Concerns: With the increasing reliance on digital technologies, concerns about the security of sensitive engineering data become paramount. Companies may hesitate to adopt CAE software due to fears of data breaches or intellectual property theft. Resource Intensiveness: Running complex simulations and analyses using CAE software can be resource-intensive, requiring high-performance computing (HPC) capabilities. This can be a challenge for organizations with limited resources or inadequate infrastructure. In a nutshell, the Persistence Market Research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the report at - https://www.persistencemarketresearch.com/market-research/computer-aided-engineering-cae-software-market.asp Opportunities: The Computer-Aided Engineering (CAE) software market presents a plethora of opportunities driven by various factors. Firstly, the ongoing advancements in simulation technologies, including artificial intelligence (AI) and machine learning, offer a significant growth avenue for CAE software. Integrating these technologies into CAE tools enhances predictive modeling capabilities, enabling more accurate and efficient simulations across diverse industries. Another notable opportunity lies in the increasing adoption of CAE software in emerging fields such as additive manufacturing and virtual reality. As industries explore new and innovative manufacturing techniques, the demand for CAE tools that can simulate and optimize these processes continues to rise. The expanding scope of CAE applications in healthcare, electronics, and energy sectors provides additional growth prospects. For example, in healthcare, CAE software can be employed for modeling and simulating medical devices and procedures, contributing to advancements in the field. Furthermore, the growing focus on sustainability and regulatory compliance offers a fertile ground for CAE software providers. As companies strive to meet environmental standards and minimize the ecological impact of their products, CAE tools become instrumental in assessing and optimizing designs for energy efficiency and eco-friendly attributes. The rise of small and medium-sized enterprises (SMEs) in various industries also presents an opportunity for the CAE software market. With increasing awareness of the benefits of simulation tools, SMEs are likely to adopt CAE software to enhance their product development processes and stay competitive. Lastly, the global trend toward digital transformation and the Internet of Things (IoT) opens up opportunities for CAE software to play a pivotal role in creating and managing digital twins of products and processes. This enables organizations to gain insights, monitor performance, and optimize operations in real time. Supply-side Dynamics: On the supply side, the Computer-Aided Engineering (CAE) software market is influenced by various dynamics that shape the industry's landscape. Firstly, the continuous advancements in computing technology and software development methodologies contribute to the evolution of more sophisticated and powerful CAE tools. As computational capabilities improve, software vendors are able to offer solutions with enhanced simulation accuracy, faster processing speeds, and greater scalability. Secondly, the increasing focus on integration and interoperability within the broader product development ecosystem plays a crucial role. CAE software providers are working to ensure seamless compatibility with other design and engineering tools, fostering a connected and collaborative workflow. This integration enhances efficiency and reduces bottlenecks in the product development process. Moreover, the emergence of artificial intelligence (AI) and machine learning (ML) technologies has started to make an impact on CAE software development. Vendors are incorporating intelligent algorithms to automate complex simulations, optimize designs, and provide valuable insights. This trend not only improves the efficiency of engineering workflows but also enables more predictive and data-driven decision-making. Additionally, the adoption of subscription-based and cloud-based delivery models has become a notable aspect of the supply dynamics. Software as a Service (SaaS) offerings allows for greater flexibility, accessibility, and cost-effectiveness for users. CAE software providers are leveraging these models to cater to diverse customer needs and preferences. Market Segmentation: By Software: Finite Element Analysis (FEA): FEA software is designed to simulate and analyze the physical behavior of structures and components under various conditions. It helps engineers assess factors like stress, heat, and vibration, allowing for the optimization of designs and the prediction of structural performance. Computational Fluid Dynamics (CFD): CFD software enables the analysis of fluid flow and heat transfer in systems. It is widely used in industries such as automotive and aerospace to model and optimize airflow, thermal management, and fluid behavior within complex geometries. Services: Development Service: Providers offer development services to customize and tailor CAE software solutions based on specific industry requirements. This includes creating specialized modules, features, or interfaces to meet the unique needs of users. Training, Support & Maintenance: Services encompass training programs to equip users with the skills to effectively utilize CAE software. Additionally, support and maintenance services ensure that users receive assistance, updates, and troubleshooting when needed. By Deployment: On-Premises: On-premises deployment involves installing and running CAE software on the client's local servers and computing infrastructure. This model provides greater control over data and applications but requires in-house IT management. Cloud-Based: Cloud-based deployment allows users to access CAE software and services over the internet. This model offers flexibility, scalability, and remote accessibility, reducing the need for extensive local infrastructure and promoting collaboration. By End-use Industry: Automotive: CAE software finds extensive use in the automotive industry for virtual testing and optimization of vehicle designs. It aids in improving safety, performance, and fuel efficiency while reducing development time and costs. Defense & Aerospace: In the defense and aerospace sectors, CAE software is crucial for simulating complex scenarios, optimizing aircraft and spacecraft designs, and ensuring structural integrity and performance under extreme conditions. Electronics: CAE software is employed in the electronics industry for thermal analysis, signal integrity, and electromagnetic compatibility simulations. It assists in designing and testing electronic components and systems. Regional Insights: North America: North America is a technologically advanced region with a robust presence in the computer-Aided Engineering (CAE) software market. The United States, in particular, is a key player, hosting numerous CAE software developers and users. The market in North America is driven by the constant innovation in industries such as aerospace, automotive, and electronics, where CAE software is integral to product development. Europe: Europe stands as a significant player in the CAE software market, with countries like Germany, France, and the United Kingdom being major contributors. The European market is characterized by a strong emphasis on manufacturing, automotive engineering, and aerospace industries, where CAE tools are extensively used for simulation and optimization. The region's commitment to environmental sustainability has led to increased utilization of CAE software for designing energy-efficient and eco-friendly products. Additionally, the European CAE market is marked by a collaborative approach, with businesses actively engaging in research and development to stay at the forefront of technological advancements. East Asia: East Asia, particularly China, Japan, and South Korea, is a dynamic and rapidly growing market for CAE software. The region is a powerhouse in manufacturing and technology, driving the demand for advanced simulation tools across industries. The automotive and electronics sectors, in particular, heavily rely on CAE software for product innovation and optimization. South Asia & Oceania: South Asia & Oceania, encompassing countries like India, Australia, and Singapore, is witnessing increasing adoption of CAE software. The region's diverse industrial landscape, including automotive, aerospace, and healthcare, is driving the demand for simulation tools. In South Asia, industries are leveraging CAE software for cost-effective product development and optimization. Latin America: Latin America is emerging as a noteworthy player in the CAE software market, with countries like Brazil and Mexico leading the way. The region's automotive, aerospace, and energy sectors are key contributors to the demand for simulation tools. CAE software is instrumental in addressing engineering challenges and optimizing designs in Latin America's diverse industrial landscape. Middle East & Africa: The Middle East & Africa region is experiencing a gradual but steady growth in the adoption of CAE software. Countries like the United Arab Emirates, South Africa, and Saudi Arabia are incorporating simulation tools across industries such as oil and gas, construction, and defense. CAE software plays a pivotal role in optimizing designs, ensuring structural integrity, and managing complex engineering processes. Future Outlook: The future outlook for the computer-Aided Engineering (CAE) software market appears promising, with several key trends shaping its trajectory. As industries continue to evolve, the CAE software market is expected to witness sustained growth driven by technological advancements and changing business dynamics. Firstly, the ongoing digital transformation across industries is anticipated to be a major catalyst for the CAE software market. The integration of artificial intelligence (AI) and machine learning (ML) into CAE tools is expected to enhance simulation accuracy, speed up analysis processes, and provide more intelligent insights for engineers. This evolution towards smarter and more automated CAE solutions is poised to revolutionize product development and optimization. Secondly, the increasing prevalence of generative design approaches, coupled with the rise of additive manufacturing, is likely to fuel the demand for CAE software. These technologies enable the creation of innovative, complex designs that maximize performance while minimizing material usage, and CAE plays a pivotal role in validating and optimizing these generative designs. About Persistence Market Research: Business intelligence is the foundation of every business model employed by Persistence Market Research. Multi-dimensional sources are being put to work, which include big data, customer experience analytics, and real-time data collection. Thus, working on “micros” by Persistence Market Research helps companies overcome their “macro” business challenges. Persistence Market Research is always way ahead of its time. In other words, it tables market solutions by stepping into the companies’/clients’ shoes much before they themselves have a sneak pick into the market. The pro-active approach followed by experts at Persistence Market Research helps companies/clients lay their hands on techno-commercial insights beforehand, so that the subsequent course of action could be simplified on their part. Contact
Exa Corporation Frequently Asked Questions (FAQ)
When was Exa Corporation founded?
Exa Corporation was founded in 1991.
Where is Exa Corporation's headquarters?
Exa Corporation's headquarters is located at 55 Network Drive, Burlington.
What is Exa Corporation's latest funding round?
Exa Corporation's latest funding round is Acq - P2P.
How much did Exa Corporation raise?
Exa Corporation raised a total of $11.6M.
Who are the investors of Exa Corporation?
Investors of Exa Corporation include Dassault Systemes and Edelson Technology Partners.