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Global Computer Aided Engineering Market Share, Size, Growth, Analysis, Report, Forecast: By Type: Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics, Optimisation and Simulation; By Deployment Model: On-premise, Cloud-based; By End-Use; Regional Analysis; Competitive Landscape; 2023-2028
Global Computer Aided Engineering Market Outlook
The global computer aided engineering market size reached a value of nearly USD 8.37 billion in 2022. The market is projected to grow at a CAGR of 9.20% between 2023 and 2028, reaching a value of around USD 14.04 billion by 2028.
Global Computer Aided Engineering Market Trends
Computer aided engineering refers to the use of software to simulate performance. This is done to improve product designs or assist engineers in resolving engineering challenges across a range of diverse end-use sectors, including electronics and automotive, among others.
Computer-aided engineering is becoming a standard in businesses where product development is done using design tools. This technology enables testing and simulations of the product's physical attributes without the requirement for a physical prototype.
- The rising utilisation of advanced technologies in product designs, such as the Internet of things (IoT), artificial intelligence, machine learning, automation, and cloud, among others, to improve the quality of products has significantly propelled the demand for computer-aided engineering.
- Users are increasingly embracing computer-aided engineering solutions to reduce the time and cost associated with product development.
- The growing implementation of 3D printing technology in various industry verticals such as consumer electronics, aerospace and military, automotive, and healthcare is likely to favour the growth of the market for computer aided engineering.
The rising use of 3D printing in the healthcare sector is leading to the development of stronger and more specialised surgical instruments, medical gadgets, and lab equipment. Computer-assisted engineering solutions are also widely deployed in healthcare applications for improved patient outcomes, such as specialised prosthetic implants for orthopaedic and dental operations.
Global Computer-Aided Engineering Market Opportunities and Challenges
The computer-aided engineering market is anticipated to be positively influenced by developing engineering techniques, including building information modelling (BIM), 3D printing, and concurrent engineering.
CAE solutions are widely implemented to create electrical battery-driven aircraft engines and low-emission aircraft. This technology is also aiding in the development of the next-generation aircraft designs for the most advanced and environmentally friendly passenger aircraft.
However, the high investment costs to obtain commercial licenses and procure advanced equipment can be a disrupting factor for the market.
Global Computer Aided Engineering Market Analysis
Based on type, the market can be segmented into finite element analysis (FEA), computational fluid dynamics, multibody dynamics, and optimisation and simulation. By deployment model, it can be bifurcated into on-premises and cloud-based.
On the basis of end-use, the market is categorised into automotive, defence and aerospace, medical devices, electronics, and industrial equipment, among others. The regional markets for computer-aided engineering can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global computer aided engineering market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- ESI Group
- SimScale GmbH
- NovaStar Solutions
- Autodesk Inc.
- Dassault Systèmes S.E.
- Hexagon AB
- Altair Engineering Inc.
- ANSYS, Inc
- Siemens AG
- Others
Computer Aided Engineering Market Share by Type
FEA is anticipated to account for a significant portion of the market share during the forecast period. Its capabilities, including greater accuracy, accessibility, and the avoidance of subsequent failures, are anticipated to expand the scope of its application in critical structure engineering. Its capacity to forecast product performance is also gaining popularity across a range of sectors, which is likely to drive its adoption.
The multibody dynamics segment is expected to register a remarkable growth rate due to its low cost of investment as compared to the virtual prototype to the real test.
The Automotive Segment to Witness A Healthy Growth in the Computer Aided Engineering Market
The defence and aerospace segment is anticipated to witness a rapid growth throughout the forecast period owing to the growing usage of CAE software. Furthermore, rising concerns about security and monitoring in public areas are expected to surge the utilisation of CAE solutions in the aerospace and defence sector in the coming years.
With the robust growth of the defence and aerospace sector owing to the rising government spending on improving anti-terrorist technology and reducing security flaws, the deployment of CAE software to develop innovative and advanced defence solutions is likely to rise in the forecast period.
Market Share by Region
Due to rapid technological developments and the rising use of automation in manufacturing activities, developed economies like those in North America and Europe are anticipated to provide lucrative growth opportunities to the overall computer aided engineering market.
Europe is expected to grow robustly as a result of the growing awareness about greenhouse gas emissions and advancements in battery technology. Additional factors driving the usage of CAE software in the region include the extensive deployment of the IoT and rising defence spending.
Over the projected period, the Asia Pacific market for computer aided engineering is anticipated to observe exponential expansion. The rapid growth of the regional market can be owed to the increasing government investments to expand the manufacturing sector and fuel the capacity expansion of renewable energy generation.
Competitive Landscape
ESI Group is a software development company which was established in 1973, and its headquarter is located in Rungis, France. The company is a pioneer and a global leader in providing virtual prototyping while keeping into account the physics of the materials. The company specialises in various fields such as simulation, virtual prototyping, physics, manufacturing, CAE, and virtual reality, among many others. ESI has developed an extensive suite of coherent and industry-oriented applications to precisely adjust production procedures and replicate a product's behaviour during testing.
SimScale GmbH was founded in 2012 and the headquarter is located in Munich, Germany. It is a software development company focused on computer aided engineering, high-performance computing, engineering simulation, finite element analysis (FEA), computational fluid dynamics (CFD), thermodynamics, SaaS, and cloud, among others. The company provides millions of consumers across the world immediate access to fluid, thermal, and structural modelling by following a subscription-based pricing model.
NovaStar Solutions has been serving hundreds of businesses in the manufacturing, automotive, aerospace, medical, power generation, and university sectors since 1998. The company is among the leading providers of best-in-class tools such as IT hardware, IT asset management, engineering software, equipment calibrations, and 3D printer sales and services, among others.
Other market players include Autodesk Inc., Dassault Systèmes S.E., Hexagon AB, Altair Engineering Inc., ANSYS, Inc, and Siemens AG, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Deployment Model |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Computer Aided Engineering Market Analysis
8.1 Key Industry Highlights
8.2 Global Computer Aided Engineering Historical Market (2018-2022)
8.3 Global Computer Aided Engineering Market Forecast (2023-2028)
8.4 Global Computer Aided Engineering Market by Type
8.4.1 Finite Element Analysis (FEA)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Computational Fluid Dynamics (CFD)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Multibody Dynamics
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Optimisation and Simulation
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.5 Global Computer Aided Engineering Market by Deployment Model
8.5.1 On-premise
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Cloud-based
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Computer Aided Engineering Market by End-Use
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Defence and Aerospace
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Medical Devices
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Electronics
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Industrial Equipment
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global Computer Aided Engineering Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Computer Aided Engineering Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Computer Aided Engineering Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Computer Aided Engineering Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Computer Aided Engineering Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Computer Aided Engineering Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key indicators for Demand
14.4 Key indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 ESI Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 SimScale GmbH
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 NovaStar Solutions
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Autodesk Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dassault Systèmes S.E.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hexagon AB
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Altair Engineering Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 ANSYS, Inc
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Siemens AG
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Computer Aided Engineering Market: Key industry Highlights, 2018 and 2028
2. Global Computer Aided Engineering Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Computer Aided Engineering Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Computer Aided Engineering Historical Market: Breakup by Deployment Model (USD Billion), 2018-2022
5. Global Computer Aided Engineering Market Forecast: Breakup by Deployment Model (USD Billion), 2023-2028
6. Global Computer Aided Engineering Historical Market: Breakup by End-Use (USD Billion), 2018-2022
7. Global Computer Aided Engineering Market Forecast: Breakup by End-Use (USD Billion), 2023-2028
8. Global Computer Aided Engineering Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Computer Aided Engineering Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Computer Aided Engineering Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Computer Aided Engineering Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Computer Aided Engineering Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Computer Aided Engineering Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Computer Aided Engineering Market Forecast: Breakup by Country (USD
20. Global Computer Aided Engineering Market Structure
Key Questions Answered in the Report
In 2022, the global market for computer aided engineering reached a size of nearly USD 8.37 billion.
The market is projected to grow at a CAGR of 9.20% during the forecast period of 2023-2028.
The market is assessed to reach a value of around USD 14.04 billion by 2028.
The market is being driven by the growing demand for computer-aided engineering solutions in the automotive, aerospace, and various manufacturing sectors, as they can significantly improve the designing process of a product and improve its quality.
The rising demand for 3D printing technology in the healthcare sector, the increasing implementation of advanced technologies in various end-use sectors, and technological advancements are the key trends propelling the market growth.
The major regional markets for computer aided engineering include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major types considered in the market report include finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics, and optimisation and simulation.
The various deployment models of computer aided engineering include on-premises and cloud-based.
The significant end-uses of computer aided engineering include automotive, defence and aerospace, medical devices, electronics, and industrial equipment, among others.
The key players in the market include ESI Group, SimScale GmbH, NovaStar Solutions, Autodesk Inc., Dassault Systèmes S.E., Hexagon AB, Altair Engineering Inc., ANSYS, Inc, and Siemens AG, among others.
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