The Business Research Company’s report on the Computer Aided Engineering Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the computer aided engineering market in recent years?
Increasing automation in the manufacturing sector is expected to propel the growth of the computer-aided engineering market going forward. Automation refers to the development and deployment of technologies for the production and delivery of products and services with little or no human participation. Automation technologies such as computer-aided drafting and computer-assisted N/C tape preparation are now available and widely used in the manufacturing sector to help reverse the troubling trend of declining productivity. For instance, in September 2023, according to the International Federation of Robotics (IFR), a Germany-based professional non-profit organization, the total number of service robots sold for professional use hit 158,000 units in 2022—an increase of 48%. It is recorded that 553,052 industrial robot installations are in factories around the world—a growth rate of 5% in 2022, year-on-year. Therefore, increasing automation in the manufacturing sector is expected to drive the growth of the computer-aided engineering market.
Access Your Free Sample of the Global Computer Aided Engineering Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=7941&type=smp
What is the projected market size of the computer aided engineering industry, and how is it expected to grow?
The computer aided engineering market size has grown strongly in recent years. It will grow from $9.01 billion in 2024 to $9.49 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to advancements in computational power, globalization of engineering work, increasing complexity in product design, simulation-driven design, cost and time savings, regulatory compliance requirements, automotive crash testing simulation.
The computer aided engineering market size is expected to see strong growth in the next few years. It will grow to $13.59 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to rise of industry 4.0 and smart manufacturing, increased complexity in electronics design, focus on sustainability and environmental impact, enhanced human-machine interaction simulations, digitalization of construction and infrastructure, increased use in consumer electronics. Major trends in the forecast period include increased integration of multiphysics simulations, advancements in high-performance computing (HPC), growing adoption of cloud-based CAE, focus on user-friendly interfaces and workflows, increased use of generative design, use of virtual prototyping for system-level simulation.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=7941&type=smp
Who are the key players driving competition in the computer aided engineering market?
Major companies operating in the computer aided engineering market are Dassault Systèmes SE, ESI Group, Siemens AG, Hexagon AB, Seiko Epson Corporation, Exa Corporation, Bentley Systems Inc., Numeca International, Dell Inc., Aspen Technology Inc., Symscape Pty Ltd, Synopsys Inc., Aveva Group PLC, Autodesk Inc., ANSYS Inc., PTC Inc., COMSOL Inc., MSC Software Corporation, Mentor Graphics Corporation, The MathWorks Inc., OpenText Corporation, Siemens Industry Software NV, CD-adapco, ETA Engineering Inc., Ricardo Software, ZWSOFT Co. Ltd., Zemax LLC, Flow Science Inc., GNS Systems GmbH, AVL List GmbH, EnginSoft S.p.A.
What key trends are expected to drive the compressor oil market during the forecast period?
Technological advancements are the key trend gaining popularity in the computer-aided engineering market. Major companies operating in computer-aided engineering are focused on developing new technological solutions to attain a competitive edge in the market. For instance, in July 2024, Sandvik AB, a Sweden-based engineering group specializing in tools and technology for the mining and manufacturing industries, announced the launch of its AI-powered CAD/CAM software suite. This new feature, named Manufacturing Copilot, will be integrated into Sandvik’s popular software products such asCimatron, GibbsCAM, and SigmaNEST. The AI-driven enhancements aim to streamline user experience by providing real-time support and improving productivity in manufacturing environments. By leveraging artificial intelligence, Sandvik seeks to offer advanced support features that assist operators in tasks ranging from design and programming to execution, ultimately boosting efficiency in computer-aided manufacturing processes.
Which key geographies are driving the growth of the computer aided engineering market?
Europe was the largest region in the computer-aided engineering market in 2024. The regions covered in the computer aided engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/computer-aided-engineering-global-market-report
What are the key segments driving growth in the computer aided engineering market?
The computer aided engineering market covered in this report is segmented –
1) By Type: Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics, Optimization And Simulation
2) By Deployment: On-Premise, Cloud-Based
3) By End-Use: Automotive, Defense And Aerospace, Electronics, Medical Devices, Industrial Equipment
Subsegments:
1) By Finite Element Analysis (FEA): Structural Analysis, Thermal Analysis, Vibration Analysis
2) By Computational Fluid Dynamics (CFD): Fluid Flow Analysis, Heat Transfer Analysis, Chemical Reaction Analysis
3) By Multibody Dynamics: Rigid Body Dynamics, Flexible Body Dynamics
4) By Optimization And Simulation: Design Optimization, Process Optimization, System Simulation, Virtual Prototyping
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7941
How is the computer aided engineering market defined, and what are its core characteristics?
Computer-aided engineering refers to simulating performance in order to enhance product designs or aid in the resolution of technical challenges. Computer software is used in computer-aided engineering, or CAE, to enhance product design and address engineering issues in a variety of sectors.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
