The global Computer Aided Engineering Market Size accrued earnings worth approximately 8.79(USD Billion) in 2021 and is predicted to gain revenue of about 16.20(USD Billion) by 2028, is set to record a CAGR of nearly 9.2% over the period from 2022 to 2028.
Computer Aided Engineering Market
The global Computer Aided Engineering Market Size accrued earnings worth approximately 8.79(USD Billion) in 2021 and is predicted to gain revenue of about 16.20(USD Billion) by 2028, is set to record a CAGR of nearly 9.2% over the period from 2022 to 2028. The study provides an assessment and analysis of the Computer Aided Engineering Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).
Computer-aided engineering is the use of sophisticated & interactive computer software for solving engineering problems. Furthermore, CAE comprises of tools including multi-body dynamics, computational fluid dynamics, and finite element analysis. In addition to this, CAE tools are utilized in many domains including automation, aviation, shipbuilding, and aerospace. Apparently, CAE helps in increasing processing power which helps in saving time along with helping firms in fulfilling their business goals. Furthermore, computer aided engineering is utilized for analyzing the performance of components & assemblies. Reportedly, CAE offers sophisticated designs apart from delivering effective construction operation solutions.
CAE is a software solution that enables engineers to simulate and analyse the performance of designs before they are manufactured. The CAE market consists of software, hardware, and services used to design and develop products for a variety of industries, including the automotive, aerospace, defence, and healthcare sectors.
The market for Computer Aided Engineering is anticipated to expand rapidly over the next few years due to the rising demand for product development, the shortening of the product design and development cycle, and the growing awareness among businesses of the advantages of implementing CAE solutions.
Expansion of computer aided engineering market over the forecasting timeframe is subject to surging acceptance of computational fluid dynamics. Moreover, the large-scale use of computer aided engineering tools in the automotive sector for designing air-cooled systems will drive market trends. The rise in outsourcing of production processes in developing countries such as India and China will steer the growth of computer aided engineering industry. Large-scale utilization of computer-aided engineering software for examining temperature in battery modes will crop up the size of computer aided engineering market. Furthermore, an extension of battery life & performance is set to open new vistas of growth for computer aided engineering businesses over years ahead.
Moreover, the integration of computer aided drafting and computer aided engineering coupled with the deployment of cloud software will proliferate computer aided engineering market earnings. For the record, computer aided engineering software finds a slew of applications in various sectors and supports operations such as simulation, analysis, validation, and manufacturing of various kinds of engineering devices.
|Report Attributes||Report Details|
|Report Name||Computer Aided Engineering Market Research Survey Report|
|Market Size in 2021||USD 8.79 Billion|
|Market Forecast by 2028||USD 16.20 Billion|
|Compound Annual Growth Rate||CAGR of 9.2 %|
|Number of Pages||160|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Siemens Software, MSC Software Corporation, Bentley Systems Inc, Dassault Systemes SE, Synopsys Inc, ANSYS Inc, Mentor Graphics Corporation, Aspen Technology Inc, ESI Group, Exa Corporation, and Numeca International|
|Segments Covered||By Type, By Deployment Model, By End-Use, By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2018 - 2021|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
The growth of the European computer aided engineering market over forecasting timeline is subject to a rise in automation in the manufacturing sector. In addition to this, escalating concerns pertaining to GHG emissions along with launching of new battery technologies by European countries will proliferate regional market size. Furthermore, huge penetration of AI and IoT in countries such as Estonia, the UK, and Germany will drive computer aided engineering market revenue in Europe. Apparently, the surge in defense spending in Europe will account majorly towards market expansion in Europe.
Key players leveraging the growth of computer aided engineering market and profiled in the study are Siemens Software, MSC Software Corporation, Bentley Systems, Inc., Dassault Systemes SE, Synopsys, Inc., ANSYS, Inc., Mentor Graphics Corporation, Aspen Technology, Inc., ESI Group, Exa Corporation, and Numeca International.
By Deployment Model
surging acceptance of computational fluid dynamics is predicted to boost Computer Aided Engineering Market growth.
According to Zion market research report, The global Computer Aided Engineering Market accrued earnings worth approximately 8.79(USD Billion) in 2021 and is predicted to gain revenue of about 16.20(USD Billion) by 2028, is set to record a CAGR of nearly 9.2% over the period from 2022 to 2028.
Europe will contribute sizably towards the global market revenue over the projected timeline. A massive increase in Computer Aided Engineering Market size in region over 2022-2028 can be due to rise in automation in manufacturing sector.
The key industry participants leveraging business space include Siemens Software, MSC Software Corporation, Bentley Systems, Inc., Dassault Systemes SE, Synopsys, Inc., ANSYS, Inc., Mentor Graphics Corporation, Aspen Technology,Inc., ESI Group, Exa Corporation, and Numeca International.