Add 2 More Reports For 20% off

Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Computer Aided Engineering Market Outlook

The global computer aided engineering market size reached a value of nearly USD 9.14 billion in 2023. The market is projected to grow at a CAGR of 9.1% between 2024 and 2032, reaching a value of around USD 19.96 billion by 2032.

Global Computer Aided Engineering Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 9.14
Market Size 2032 USD Billion 19.96
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 9.1%
CAGR 2024-2032 - Market by Region North America 9.5%
CAGR 2024-2032 - Market by Country India 10.4%
CAGR 2024-2032 - Market by Country Brazil 9.9%
CAGR 2024-2032 - Market by Type Optimisation and Simulation 9.7%
CAGR 2024-2032 - Market by Deployment Model Cloud-based 10.3%
Market Share by Country 2023 Japan 4.9%

computer aided engineering market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Global Computer Aided Engineering Market Trends

Computer aided engineering refers to the use of software to simulate performance. This is done to improve product designs or assist engineers in resolving engineering challenges across a range of diverse end-use sectors, including electronics and automotive, among others.

Computer-aided engineering is becoming a standard in businesses where product development is done using design tools. This technology enables testing and simulations of the product's physical attributes without the requirement for a physical prototype.

  • The rising utilisation of advanced technologies in product designs, such as the Internet of things (IoT), artificial intelligence, machine learning, automation, and cloud, among others, to improve the quality of products has significantly propelled the demand for computer-aided engineering.
  • Users are increasingly embracing computer-aided engineering solutions to reduce the time and cost associated with product development.
  • The growing implementation of 3D printing technology in various industry verticals such as consumer electronics, aerospace and military, automotive, and healthcare is likely to favour the growth of the market for computer aided engineering.

The rising use of 3D printing in the healthcare sector is leading to the development of stronger and more specialised surgical instruments, medical gadgets, and lab equipment. Computer-assisted engineering solutions are also widely deployed in healthcare applications for improved patient outcomes, such as specialised prosthetic implants for orthopaedic and dental operations.

Global Computer-Aided Engineering Market Opportunities and Challenges

The computer-aided engineering market is anticipated to be positively influenced by developing engineering techniques, including building information modelling (BIM), 3D printing, and concurrent engineering.

CAE solutions are widely implemented to create electrical battery-driven aircraft engines and low-emission aircraft. This technology is also aiding in the development of the next-generation aircraft designs for the most advanced and environmentally friendly passenger aircraft.

However, the high investment costs to obtain commercial licenses and procure advanced equipment can be a disrupting factor for the market.

Global Computer Aided Engineering Market Analysis

Based on type, the market can be segmented into finite element analysis (FEA), computational fluid dynamics, multibody dynamics, and optimisation and simulation. By deployment model, it can be bifurcated into on-premises and cloud-based.

On the basis of end-use, the market is categorised into automotive, defence and aerospace, medical devices, electronics, and industrial equipment, among others. The regional markets for computer-aided engineering can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

CAGR 2024-2032 - Market by Country
India 10.4%
Brazil 9.9%
USA 9.4%
China 9.4%
UK 9.3%
Canada XX%
Germany XX%
France XX%
Italy XX%
Japan XX%
Australia XX%
Saudi Arabia 8.4%
Mexico XX%

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global computer aided engineering market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

  • ESI Group
  • SimScale GmbH
  • NovaStar Solutions
  • Autodesk Inc.
  • Dassault Systèmes S.E.
  • Hexagon AB
  • Altair Engineering Inc.
  • ANSYS, Inc
  • Siemens AG
  • Others

computer aided engineering market by segments

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Computer Aided Engineering Market Share by Type

FEA is anticipated to account for a significant portion of the market share during the forecast period. Its capabilities, including greater accuracy, accessibility, and the avoidance of subsequent failures, are anticipated to expand the scope of its application in critical structure engineering. Its capacity to forecast product performance is also gaining popularity across a range of sectors, which is likely to drive its adoption.

The multibody dynamics segment is expected to register a remarkable growth rate due to its low cost of investment as compared to the virtual prototype to the real test.

The Automotive Segment to Witness A Healthy Growth in the Computer Aided Engineering Market

The defence and aerospace segment is anticipated to witness a rapid growth throughout the forecast period owing to the growing usage of CAE software. Furthermore, rising concerns about security and monitoring in public areas are expected to surge the utilisation of CAE solutions in the aerospace and defence sector in the coming years.

With the robust growth of the defence and aerospace sector owing to the rising government spending on improving anti-terrorist technology and reducing security flaws, the deployment of CAE software to develop innovative and advanced defence solutions is likely to rise in the forecast period.

Market Share by Region

Due to rapid technological developments and the rising use of automation in manufacturing activities, developed economies like those in North America and Europe are anticipated to provide lucrative growth opportunities to the overall computer aided engineering market.

Europe is expected to grow robustly as a result of the growing awareness about greenhouse gas emissions and advancements in battery technology. Additional factors driving the usage of CAE software in the region include the extensive deployment of the IoT and rising defence spending.

Over the projected period, the Asia Pacific market for computer aided engineering is anticipated to observe exponential expansion. The rapid growth of the regional market can be owed to the increasing government investments to expand the manufacturing sector and fuel the capacity expansion of renewable energy generation.

computer aided engineering market by region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

ESI Group is a software development company which was established in 1973, and its headquarter is located in Rungis, France. The company is a pioneer and a global leader in providing virtual prototyping while keeping into account the physics of the materials. The company specialises in various fields such as simulation, virtual prototyping, physics, manufacturing, CAE, and virtual reality, among many others. ESI has developed an extensive suite of coherent and industry-oriented applications to precisely adjust production procedures and replicate a product's behaviour during testing.

SimScale GmbH was founded in 2012 and the headquarter is located in Munich, Germany. It is a software development company focused on computer aided engineering, high-performance computing, engineering simulation, finite element analysis (FEA), computational fluid dynamics (CFD), thermodynamics, SaaS, and cloud, among others. The company provides millions of consumers across the world immediate access to fluid, thermal, and structural modelling by following a subscription-based pricing model.

NovaStar Solutions has been serving hundreds of businesses in the manufacturing, automotive, aerospace, medical, power generation, and university sectors since 1998. The company is among the leading providers of best-in-class tools such as IT hardware, IT asset management, engineering software, equipment calibrations, and 3D printer sales and services, among others.

Other market players include Autodesk Inc., Dassault Systèmes S.E., Hexagon AB, Altair Engineering Inc., ANSYS, Inc, and Siemens AG, among others.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Deployment Model
  • End-Use
  • Region
Breakup by Type
  • Finite Element Analysis (FEA)
  • Computational Fluid Dynamics (CFD)
  • Multibody Dynamics
  • Optimisation and Simulation
Breakup by Deployment Model
  • On-premise
  • Cloud-based
Breakup by End-Use
  • Automotive
  • Defence and Aerospace
  • Medical Devices
  • Electronics
  • Industrial Equipment
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis 
  • Porter's Five Forces Analysis 
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ESI Group
  • SimScale GmbH
  • NovaStar Solutions
  • Autodesk Inc.
  • Dassault Systèmes S.E.
  • Hexagon AB
  • Altair Engineering Inc.
  • ANSYS, Inc
  • Siemens AG
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

In 2023, the global market for computer aided engineering reached a size of nearly USD 9.14 billion.

The market is projected to grow at a CAGR of 9.1% during the forecast period of 2024-2032.

The market is assessed to reach a value of around USD 19.96 billion by 2032.

The market is being driven by the growing demand for computer-aided engineering solutions in the automotive, aerospace, and various manufacturing sectors, as they can significantly improve the designing process of a product and improve its quality.

The rising demand for 3D printing technology in the healthcare sector, the increasing implementation of advanced technologies in various end-use sectors, and technological advancements are the key trends propelling the market growth.

The major regional markets for computer aided engineering include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The major types considered in the market report include finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics, and optimisation and simulation.

The various deployment models of computer aided engineering include on-premises and cloud-based.

The significant end-uses of computer aided engineering include automotive, defence and aerospace, medical devices, electronics, and industrial equipment, among others.

The key players in the market include ESI Group, SimScale GmbH, NovaStar Solutions, Autodesk Inc., Dassault Systèmes S.E., Hexagon AB, Altair Engineering Inc., ANSYS, Inc, and Siemens AG, among others.

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63-287-899-028, +63-967-048-3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124