Categories: Market Research

Computer Aided Engineering Market Size and Forecast 2024-2033|Altair Engineering Inc., Dassault Systèmes SE, ESI Group, Siemens AG, Hexagon AB

Overview and Scope

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.

Sizing and Forecast

The computer aided engineering market size has grown strongly in recent years. It will grow from $8.97 billion in 2023 to $9.87 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%.  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 $14.1 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.  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.

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/computer-aided-engineering-global-market-report

Segmentation & Regional Insights

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 Depolyment: On-Premise, Cloud-Based

3) By End-Use: Automotive, Defense and Aerospace, Electronics, Medical Devices, Industrial Equipment

Europe was the largest region in the computer-aided engineering market in 2023. The regions covered in the computer aided engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7941&type=smp

Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the computer aided engineering market report are Altair Engineering Inc., 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.

The computer aided engineering market report table of contents includes:

1. Executive Summary

2. Computer Aided Engineering Market Characteristics

3. Computer Aided Engineering Market Trends And Strategies

4. Computer Aided Engineering Market – Macro Economic Scenario

5. Global Computer Aided Engineering Market Size and Growth

.

.

.

26. South America Computer Aided Engineering Market

27. Brazil Computer Aided Engineering Market

28. Middle East Computer Aided Engineering Market

29. Africa Computer Aided Engineering Market

30. Computer Aided Engineering Market Competitive Landscape And Company Profiles

Top Major Players:

  • Altair Engineering Inc
  • Dassault Systèmes SE
  • ESI Group
  • Siemens AG
  • Hexagon AB

Explore the trending research reports from TBRC:

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Good PR News

Recent Posts

Medical Terminology Software Market Share, Growth Opportunities, Demand Factors Report To 2033

The medical terminology software global market report 2024 from The Business Research Company provides comprehensive…

16 hours ago

Apples Market Expansion 2024-2033: Growth Drivers and Dynamics

The apples global market report 2024 from The Business Research Company provides comprehensive market statistics,…

16 hours ago

IP Video Surveillance And VSaaS Market Growth Analysis, Latest Trends And Business Opportunity 2024 To 2033

The ip video surveillance and vsaas global market report 2024 from The Business Research Company…

16 hours ago

Change And Configuration Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The change and configuration management global market report 2024 from The Business Research Company provides…

17 hours ago

Generative AI In Gaming Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033

The generative ai in gaming global market report 2024 from The Business Research Company provides…

17 hours ago

Electric Blankets Market Size, Emerging Trends, Market Opportunities, Key Players And Forecast To 2033

The electric blankets global market report 2024 from The Business Research Company provides comprehensive market…

17 hours ago