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Computer-aided Engineering Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 150 Pages
SKU # FOB18812889

Description

Computer-aided Engineering Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Computer-aided Engineering Market

The computer-aided engineering market size was valued at USD 8.0 billion in 2023, and the market is now projected to grow from USD 8.91 billion in 2024 to USD 21.60 billion by 2032, exhibiting a CAGR of 11.7% during the forecast period of 2023-2030.

Due to COVID-19, computer-aided engineering market was adversely affected the as there were disruptions in the manufacturing and the construction industry. The lower demand for new projects, supply chain disruptions, and the constraining budgets for CAE solutions impeded the investments in these solutions. Furthermore, remote work scenarios caused problems such as collaboration and data security. Many vendors of CAE solutions ended up deferring software upgrades and the purchase of software licenses, thus affecting their revenue streams.

The computer-aided engineering market continues to experience strong growth driven by technological progress in simulation, growing customer needs for innovative products, and the search for cost and timing efficiency in product development processes. Industries such as auto, aerospace and manufacturing sectors integrate CAE into their processes to improve product performance, optimize design and cut down the new product development time which in turn is driving computer-aided engineering market growth.

The computer-aided engineering market is witnessing some trends, such as deep learning and AI integration aiming at improving the simulation capabilities, thereby allowing more accurate predictions and optimizations. There is rise of cloud-based CAE solutions due to their scalability and accessibility features that enable teamwork and remote work. Sector-centric CAE software that is meant for automotive, aerospace and healthcare is being developed and is emerging quickly to deal with unique problems and expectations that these industries hold.

Comprehensive Analysis of Computer-aided Engineering Market

The computer-aided engineering industry is rising at an exponential rate due to its market segmentation. These segmentations are methodically segregated by deployment, by type and by end-user. Based on deployment, market is divided into cloud and on-premise. Based on type, market is divided into finite element analysis (FEA), computational fluid dynamics (CFD), thermal analysis, multibody dynamics and others (mechanical event simulation). Based on end-user, market is divided into automotive, medical devices, industrial equipment, defense & aerospace, electronics, others (energy, consumer goods).

The Europe holds leading position in computer-aided engineering market share by benefitting a market size of USD 2.80 billion in 2023 due to advanced technical infrastructure, high level research funding, and strong position of the automotive and aerospace industry. Large economies such as Germany, France, and the UK are the main players with the presence of major CAE software vendors and manufacturing companies. Strict regulations on product safety and environmental friendliness intensify the need for CAE solutions in various sectors.

The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, ESI Group (France), Siemens AG (Germany), Hexagon AB (Sweden), Aveva Group (U.K.), SimScale (Germany), ANSYS, Inc. (U.S.), Altair Engineering Inc. (U.S.), Autodesk, Inc. (Germany), Bentley Systems, Inc. (U.S.), Dassault Systemes (U.S.). These market players provide a level-playing competitive landscape.

April 2023: Through the advent of computer-aided engineering Avient Corporation now is able to accurately predict behavior of composite materials thus improving performance of fibre composites by eliminating the need of re-designing.

Segmentation Table

Global Computer-aided Engineering Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD billion)

Growth Rate CAGR of 11.7% from 2024 to 2032

Segmentation By Deployment

Cloud

On-premise

By Type

Finite Element Analysis (FEA)

Computational Fluid Dynamics (CFD),

Thermal Analysis

Multibody Dynamics

Others (Mechanical Event Simulation)

By End-user

Automotive

Medical Devices

Industrial Equipment

Defense & Aerospace

Electronics

Others (Energy, Consumer Goods)

By Region

North America (By Deployment, By Type, By End-user, and By Country)

- U.S. (End-user)

- Canada (End-user)

- Mexico (End-user)

Europe (By Deployment, By Type, By End-user, and By Country)

- Germany (End-user)

- France (End-user)

- Italy (End-user)

- Spain (End-user)

- Russia (End-user)

- Benelux (End-user)

- Nordics (End-user)

- Rest of Europe

Asia Pacific (By Deployment, By Type, By End-user, and By Country)

- China (End-user)

- India (End-user)

- Japan (End-user)

- South Korea (End-user)

- ASEAN (End-user)

- Oceania (End-user)

- Rest of Asia Pacific

Middle East & Africa (By Deployment, By Type, By End-user, and By Country)

- Turkey (End-user)

- Israel (End-user)

- GCC (End-user)

- South Africa (End-user)

- North Africa (End-user)

- Rest of the Middle East & Africa

South America (By Deployment, By Type, By End-user and By Country)

- Brazil (End-user)

- Argentina (End-user)

- Rest of South America


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Table of Contents

150 Pages
1. Introduction
1.1. Definition, By Segment
1.2. Research Methodology/Approach
1.3. Data Sources
2. Executive Summary
3. Market Dynamics
3.1. Macro and Micro Economic Indicators
3.2. Drivers, Restraints, Opportunities and Trends
4. Competition Landscape
4.1. Business Strategies Adopted by Key Players
4.2. Consolidated SWOT Analysis of Key Players
4.3. Global Computer-Aided Engineering Key Players Market Share/Ranking, 2023
5. Global Computer-Aided Engineering Market Size Estimates and Forecasts, By Segments, 2019-2032
5.1. Key Findings
5.2. By Deployment (USD)
5.2.1. Cloud
5.2.2. On-premise
5.3. By Type (USD)
5.3.1. Finite Element Analysis (FEA)
5.3.2. Computational Fluid Dynamics (CFD)
5.3.3. Thermal Analysis
5.3.4. Multibody Dynamics
5.3.5. Others (Mechanical Event Simulation, etc.)
5.4. By End-user (USD)
5.4.1. Automotive
5.4.2. Medical devices
5.4.3. Industrial equipment
5.4.4. Defense & aerospace
5.4.5. Electronics
5.4.6. Others (Energy, Consumer Goods, etc.)
5.5. By Region (USD)
5.5.1. North America
5.5.2. Europe
5.5.3. Asia Pacific
5.5.4. Middle East & Africa
5.5.5. South America
6. North America Computer-Aided Engineering Market Size Estimates and Forecasts, By Segments, 2019-2032
6.1. Key Findings
6.2. By Deployment (USD)
6.2.1. Cloud
6.2.2. On-premise
6.3. By Type (USD)
6.3.1. Finite Element Analysis (FEA)
6.3.2. Computational Fluid Dynamics (CFD)
6.3.3. Thermal Analysis
6.3.4. Multibody Dynamics
6.3.5. Others
6.4. By End-user (USD)
6.4.1. Automotive
6.4.2. Medical devices
6.4.3. Industrial equipment
6.4.4. Defense & aerospace
6.4.5. Electronics
6.4.6. Others
6.5. By Country (USD)
6.5.1. United States
6.5.1.1. By End-user
6.5.2. Canada
6.5.2.1. By End-user
6.5.3. Mexico
6.5.3.1. By End-user
7. Europe Computer-Aided Engineering Market Size Estimates and Forecasts, By Segments, 2019-2032
7.1. Key Findings
7.2. By Deployment (USD)
7.2.1. Cloud
7.2.2. On-premise
7.3. By Type (USD)
7.3.1. Finite Element Analysis (FEA)
7.3.2. Computational Fluid Dynamics (CFD)
7.3.3. Thermal Analysis
7.3.4. Multibody Dynamics
7.3.5. Others
7.4. By End-user (USD)
7.4.1. Automotive
7.4.2. Medical devices
7.4.3. Industrial equipment
7.4.4. Defense & aerospace
7.4.5. Electronics
7.4.6. Others
7.5. By Country (USD)
7.5.1. United Kingdom
7.5.1.1. By End-user
7.5.2. Germany
7.5.2.1. By End-user
7.5.3. France
7.5.3.1. By End-user
7.5.4. Italy
7.5.4.1. By End-user
7.5.5. Spain
7.5.5.1. By End-user
7.5.6. Russia
7.5.6.1. By End-user
7.5.7. Benelux
7.5.7.1. By End-user
7.5.8. Nordics
7.5.8.1. By End-user
7.5.9. Rest of Europe
8. Asia Pacific Computer-Aided Engineering Market Size Estimates and Forecasts, By Segments, 2019-2032
8.1. Key Findings
8.2. By Deployment (USD)
8.2.1. Cloud
8.2.2. On-premise
8.3. By Type (USD)
8.3.1. Finite Element Analysis (FEA)
8.3.2. Computational Fluid Dynamics (CFD)
8.3.3. Thermal Analysis
8.3.4. Multibody Dynamics
8.3.5. Others
8.4. By End-user (USD)
8.4.1. Automotive
8.4.2. Medical devices
8.4.3. Industrial equipment
8.4.4. Defense & aerospace
8.4.5. Electronics
8.4.6. Others
8.5. By Country (USD)
8.5.1. China
8.5.1.1. By End-user
8.5.2. India
8.5.2.1. By End-user
8.5.3. Japan
8.5.3.1. By End-user
8.5.4. South Korea
8.5.4.1. By End-user
8.5.5. ASEAN
8.5.5.1. By End-user
8.5.6. Oceania
8.5.6.1. By End-user
8.5.7. Rest of Asia Pacific
9. Middle East & Africa Computer-Aided Engineering Market Size Estimates and Forecasts, By Segments, 2019-2032
9.1. Key Findings
9.2. By Deployment (USD)
9.2.1. Cloud
9.2.2. On-premise
9.3. By Type (USD)
9.3.1. Finite Element Analysis (FEA)
9.3.2. Computational Fluid Dynamics (CFD)
9.3.3. Thermal Analysis
9.3.4. Multibody Dynamics
9.3.5. Others
9.4. By End-user (USD)
9.4.1. Automotive
9.4.2. Medical devices
9.4.3. Industrial equipment
9.4.4. Defense & aerospace
9.4.5. Electronics
9.4.6. Others
9.5. By Country (USD)
9.5.1. Turkey
9.5.1.1. By End-user
9.5.2. Israel
9.5.2.1. By End-user
9.5.3. GCC
9.5.3.1. By End-user
9.5.4. North Africa
9.5.4.1. By End-user
9.5.5. South Africa
9.5.5.1. By End-user
9.5.6. Rest of MEA
10. South America Computer-Aided Engineering Market Size Estimates and Forecasts, By Segments, 2019-2032
10.1. Key Findings
10.2. By Deployment (USD)
10.2.1. Cloud
10.2.2. On-premise
10.3. By Type (USD)
10.3.1. Finite Element Analysis (FEA)
10.3.2. Computational Fluid Dynamics (CFD)
10.3.3. Thermal Analysis
10.3.4. Multibody Dynamics
10.3.5. Others
10.4. By End-user (USD)
10.4.1. Automotive
10.4.2. Medical devices
10.4.3. Industrial equipment
10.4.4. Defense & aerospace
10.4.5. Electronics
10.4.6. Others
10.5. By Country (USD)
10.5.1. Brazil
10.5.1.1. By End-user
10.5.2. Argentina
10.5.2.1. By End-user
10.5.3. Rest of South America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
11.1. ESI Group
11.1.1. Overview
11.1.1.1. Key Management
11.1.1.2. Headquarters
11.1.1.3. Offerings/Business Segments
11.1.2. Key Details (Key details are consolidated data and not product/service specific)
11.1.2.1. Employee Size
11.1.2.2. Past and Current Revenue
11.1.2.3. Geographical Share
11.1.2.4. Business Segment Share
11.1.2.5. Recent Developments
11.2. Siemens AG
11.2.1. Overview
11.2.1.1. Key Management
11.2.1.2. Headquarters
11.2.1.3. Offerings/Business Segments
11.2.2. Key Details (Key details are consolidated data and not product/service specific)
11.2.2.1. Employee Size
11.2.2.2. Past and Current Revenue
11.2.2.3. Geographical Share
11.2.2.4. Business Segment Share
11.2.2.5. Recent Developments
11.3. Hexagon AB
11.3.1.
11.3.1.1. Overview
11.3.1.2. Key Management
11.3.1.3. Headquarters
11.3.1.4. Offerings/Business Segments
11.3.2. Key Details (Key details are consolidated data and not product/service specific)
11.3.2.1. Employee Size
11.3.2.2. Past and Current Revenue
11.3.2.3. Geographical Share
11.3.2.4. Business Segment Share
11.3.2.5. Recent Developments
11.4. Aveva Group
11.4.1. Overview
11.4.1.1. Key Management
11.4.1.2. Headquarters
11.4.1.3. Offerings/Business Segments
11.4.2. Key Details (Key details are consolidated data and not product/service specific)
11.4.2.1. Employee Size
11.4.2.2. Past and Current Revenue
11.4.2.3. Geographical Share
11.4.2.4. Business Segment Share
11.4.2.5. Recent Developments
11.5. SimScale
11.5.1. Overview
11.5.1.1. Key Management
11.5.1.2. Headquarters
11.5.1.3. Offerings/Business Segments
11.5.2. Key Details (Key details are consolidated data and not product/service specific)
11.5.2.1. Employee Size
11.5.2.2. Past and Current Revenue
11.5.2.3. Geographical Share
11.5.2.4. Business Segment Share
11.5.2.5. Recent Developments
11.6. ANSYS, Inc.
11.6.1. Overview
11.6.1.1. Key Management
11.6.1.2. Headquarters
11.6.1.3. Offerings/Business Segments
11.6.2. Key Details (Key details are consolidated data and not product/service specific)
11.6.2.1. Employee Size
11.6.2.2. Past and Current Revenue
11.6.2.3. Geographical Share
11.6.2.4. Business Segment Share
11.6.2.5. Recent Developments
11.7. Altair Engineering Inc.
11.7.1. Overview
11.7.1.1. Key Management
11.7.1.2. Headquarters
11.7.1.3. Offerings/Business Segments
11.7.2. Key Details (Key details are consolidated data and not product/service specific)
11.7.2.1. Employee Size
11.7.2.2. Past and Current Revenue
11.7.2.3. Geographical Share
11.7.2.4. Business Segment Share
11.7.2.5. Recent Developments
11.8. Autodesk, Inc.
11.8.1. Overview
11.8.1.1. Key Management
11.8.1.2. Headquarters
11.8.1.3. Offerings/Business Segments
11.8.2. Key Details (Key details are consolidated data and not product/service specific)
11.8.2.1. Employee Size
11.8.2.2. Past and Current Revenue
11.8.2.3. Geographical Share
11.8.2.4. Business Segment Share
11.8.2.5. Recent Developments
11.9. Bentley Systems, Inc.
11.9.1. Overview
11.9.1.1. Key Management
11.9.1.2. Headquarters
11.9.1.3. Offerings/Business Segments
11.9.2. Key Details (Key details are consolidated data and not product/service specific)
11.9.2.1. Employee Size
11.9.2.2. Past and Current Revenue
11.9.2.3. Geographical Share
11.9.2.4. Business Segment Share
11.9.2.5. Recent Developments
11.10. Dassault Systemes
11.10.1. Overview
11.10.1.1. Key Management
11.10.1.2. Headquarters
11.10.1.3. Offerings/Business Segments
11.10.2. Key Details (Key details are consolidated data and not product/service specific)
11.10.2.1. Employee Size
11.10.2.2. Past and Current Revenue
11.10.2.3. Geographical Share
11.10.2.4. Business Segment Share
11.10.2.5. Recent Developments
12. Key Takeaways

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