Computer-Aided Engineering (CAE) Market
Computer-Aided Engineering (CAE) Market Size, Share & Trends Analysis Report by Type (Software, Services), by Deployment Type (On-premise, Cloud-based) by End-user Industry (Automotive, Defense & Aerospace, Electronics, Medical Devices, Industrial Equipment, and Other) Forecast Period (2024-2031)
Computer-aided Engineering (CAE) market is anticipated to grow at a significant CAGR of 12.7%. CAE is used to simulate performance to improve product designs or assist in the resolution of engineering problems. This includes simulation, validation and optimization of products, processes, and manufacturing tools.
Market Dynamics
Integration of new technologies such as IoT and 3D printing to Propel Market Growth
Key drivers fueling the growth of the global CAE market include the integration of IoT. Transition from on-premise to cloud-based computing for preprocessing, solving, and postprocessing steps. The increasing adoption of cloud-based solutions presents opportunities for market growth. By offering cost-effective alternatives, scalable, and cloud-based CAE solutions to access advanced engineering capabilities without significant investment. This shift towards cloud computing not only reduces operational overheads but also facilitates seamless data sharingand collaboration which drives productivity and innovation.
Furthermore, evolution of 3D printing which enables manufacturers to print any object as a 3D image. This technology minimizes production cost and helps in developing new methods of production. It also provides more customization according to the needs of the customer. 3D printing is gaining importance in industries such as aerospace, defense, automotive and healthcare.
High investments in R&D activities
The global CAE market is experiencing phenomenal growth due to innovation and increase in R&D activities. Businesses are under constant pressure to design and produce goods that exceed customer expectations in terms of performance, safety, and efficiency in today's very competitive landscape. With the ability to visually develop and test items thanks to simulation, CAE technologies become essential factors of innovation in product design. This allows engineers to investigate a wider range of design options, while saving time and resources.
Market Segmentation
Our in-depth analysis of the global computer-aided engineering market includes the following segments bytype, by deployment model, andby end-user industry:
- Based on type, the market is sub-segmented into software and services.
- Based on the deployment model, the market is divided intoon-premise, cloud-based.
- Based on the end-use, the market is divided intoautomotive industry, defense & aerospace industry, electronics industry, medical devices, industrial equipment, other end uses.
On-Premise Holds Major Share in the Market
The on-premises has a steady dominance in the market. With this deployment strategy, an organization has more control over data protection and customization as the CAE software and infrastructure are housed on its premises. Sensitive to data privacy, industries prefer to keep vital engineering data in-house, highlighting the need for customized solutions and localized control in the changing CAE adoption scenario.
Regional Outlook
The globalCAE market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia Pacific is the Fastest Growing Computer-aided engineering Market
Asia-Pacific is emerging as a hotspot, driven by the increasing adoption of digital transformation strategies of CAE market. As industries continue to prioritize technological advancements such as IOT and 3D printing, the CAE market is poised for continuous advancement across regions and segments.
Global Computer-aided engineering Market Growth by Region 2024-2031
North America holds major share in the CAE market. The region's share of the market is influenced by a number of factors, including the fast adoption of IoT and rising defence spending. It is also supported by the extensive use of CAE software, which enable improved surfacing and address concerns. There is a drastic shift in consumer behaviour from on-premise to cloud-based computing. As it provides lower costs associated with hardware acquisition, software licencing, installation, supportand the prevalence of cutting-edge technologies like the Internet of Things.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global Computer-aided engineering market includeANSYS Inc., Siemens, Autodesk Inc., Hexagon AB and ESI Group among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market.
Recent Development
- In January 2024, SimScale launchedintegration for Autodesk Fusion 360. It launched an add-in that allows Fusion 360 users to easily upload their 3D CAD models directly to SimScale.
- In February 2023, Ansys collaborated with Microsoft to accelerate virtual product design, expanded cloud-based access to Ansys’ simulation solutions and CAE tools. Ansys developed a new offering that enable customers to launch Ansys products using their Azure enrollment and connect third-party tools more easily.
- In January 2023, Siemens Digital Industries Software released Simcenter software for mechanical simulation.It helpedin streamline electrification for engineering projects, assists new aircraft to meet margins of safety and simplifies durability testing across many industries.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global computer-aided engineering market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. ANSYS Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Autodesk Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. ESI Group
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Hexagon AB
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis?
4. Market Segmentation
4.1. Global Computer-aided Engineering Market by Type
4.1.1. Software (Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics, Optimization & Simulation)
4.1.2. Service
4.2. Global Computer-aided Engineering Market by Deployment Model
4.2.1. On-Premise
4.2.2. Cloud-Based
4.3. Global Computer-aided Engineering Market by End-User Industry
4.3.1. Automotive Industry
4.3.2. Defense& Aerospace Industry
4.3.3. Electronics Industry
4.3.4. Medical Devices
4.3.5. Industrial Equipment
4.3.6. Other(Energy & Utilities, Consumer Goods)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AVEVA Group ltd.
6.2. Bentley Systems Inc.
6.3. CFD Support
6.4. COMSOL Inc.
6.5. Dassault System
6.6. Dayton T. Brown, Inc.
6.7. Exa Corporation
6.8. Future Facilities Ltd.
6.9. Moldex3D
6.10. NUMECA International
6.11. OptiPro Systems
6.12. PTC Inc.
6.13. Schneider Electric
6.14. Siemens AG
6.15. Simularge
6.16. Synopsys Inc.
6.17. The MathWorks, Inc.
6.18. ZWSOFT CO., LTD.
1. GLOBAL COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
2. GLOBAL COMPUTER-AIDED ENGINEERINGSOFTWAREMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL COMPUTER-AIDED ENGINEERING SERVICESMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL,2023-2031 ($ MILLION)
5. GLOBALON-PREMISECOMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
6. GLOBAL CLOUD-BASEDCOMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY,2023-2031 ($ MILLION)
8. GLOBALCOMPUTER-AIDED ENGINEERING FOR AUTOMOTIVE INDUSTRYMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBALCOMPUTER-AIDED ENGINEERING FOR DEFENCE & AEROSPACE INDUSTRYMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBALCOMPUTER-AIDED ENGINEERING FOR ELECTRONICS INDUSTRYMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBALCOMPUTER-AIDED ENGINEERING FOR MEDICAL DEVICESMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBALCOMPUTER-AIDED ENGINEERING FOR INDUSTRIAL EQUIPMENTMARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBALCOMPUTER-AIDED ENGINEERING FOR OTHERS END-USER INDUSTRY MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. NORTH AMERICAN COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
15. NORTH AMERICAN COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
16. NORTH AMERICAN COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2023-2031 ($ MILLION)
17. NORTH AMERICAN COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY END-USE, 2023-2031 ($ MILLION)
18. EUROPEAN COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
19. EUROPEAN COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
20. EUROPEAN COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2023-2031 ($ MILLION)
21. EUROPEAN COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
22. ASIA-PACIFIC COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
23. ASIA-PACIFICCOMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
24. ASIA-PACIFICCOMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2023-2031 ($ MILLION)
25. ASIA-PACIFICCOMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
26. REST OF THE WORLD COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
27. REST OF THE WORLD COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY TYPE, 2023-2031 ($ MILLION)
28. REST OF THE WORLD COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODEL, 2023-2031 ($ MILLION)
29. REST OF THE WORLD COMPUTER-AIDED ENGINEERING MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2023-2031 ($ MILLION)
1. GLOBAL COMPUTER-AIDED ENGINEERING MARKET SHAREBY TYPE,2023 VS 2031 (%)
2. GLOBAL COMPUTER-AIDED ENGINEERING SOFTWARE MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL COMPUTER-AIDED ENGINEERING SERVICE MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBALCOMPUTER-AIDED ENGINEERING MARKET SHARE BY DEPLOYMENT MODEL, 2023 VS 2031 (%)
5. GLOBAL ON-PREMISE COMPUTER-AIDED ENGINEERING MARKETSHARE BY REGION, 2023 VS 2031 (%)
6. GLOBAL CLOUD BASED COMPUTER-AIDED ENGINEERING MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBALCOMPUTER-AIDED ENGINEERING MARKET SHARE, BY END USER INDUSTRY, 2023 VS 2031 (%)
8. GLOBAL COMPUTER-AIDED ENGINEERING FOR AUTOMOTIVE INDUSTRY MARKETSHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL COMPUTER-AIDED ENGINEERING FOR DEFENSE & AEROSPACE INDUSTRY MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL COMPUTER-AIDED ENGINEERING FOR ELECTRONICS INDUSTRY MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL COMPUTER-AIDED ENGINEERING FOR MEDICAL DEVICES MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL COMPUTER-AIDED ENGINEERING FOR INDUSTRIAL EQUIPMENT MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL COMPUTER-AIDED ENGINEERING FOR OTHER INDUSTRY MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL COMPUTER-AIDED ENGINEERING MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. US COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
16. CANADA COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
17. UK COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
18. FRANCE COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
19. GERMANY COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
20. ITALY COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
21. SPAIN COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
22. REST OF EUROPE COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
23. INDIA COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
24. CHINA COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
25. JAPAN COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
26. SOUTH KOREA COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
27. REST OF ASIA-PACIFIC COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
28. LATIN AMERICA COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
29. MIDDLE EAST AND AFRICA COMPUTER-AIDED ENGINEERING MARKET SIZE, 2023-2031 ($ MILLION)
