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Computer Aided Engineering Market

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; 2024-2032

Global Computer Aided Engineering Market Outlook

The global computer aided engineering market size reached a value of nearly USD 9.14 billion in 2023. The market is projected to grow at a CAGR of 9.1% between 2024 and 2032, reaching a value of around USD 19.96 billion by 2032.

 

computer aided engineering market

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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 by segments

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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.

 

computer aided engineering market by region

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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 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Deployment Model
  • End-Use
  • Region
Breakup by Type
  • Finite Element Analysis (FEA)
  • Computational Fluid Dynamics (CFD)
  • Multibody Dynamics
  • Optimisation and Simulation
Breakup by Deployment Model
  • On-premise
  • Cloud-based
Breakup by End-Use
  • Automotive
  • Defence and Aerospace
  • Medical Devices
  • Electronics
  • Industrial Equipment
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • ESI Group
  • SimScale GmbH
  • NovaStar Solutions
  • Autodesk Inc.
  • Dassault Systèmes S.E.
  • Hexagon AB
  • Altair Engineering Inc.
  • ANSYS, Inc
  • Siemens AG
  • Others

 

*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 (2018-2023) 
    8.3    Global Computer Aided Engineering Market Forecast (2024-2032)
    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 (2018-2023)
            8.4.1.3    Forecast Trend (2024-2032)
        8.4.2    Computational Fluid Dynamics (CFD)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2023)
            8.4.2.3    Forecast Trend (2024-2032)
        8.4.3    Multibody Dynamics
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2023)
            8.4.3.3    Forecast Trend (2024-2032)
        8.4.4    Optimisation and Simulation
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2023)
            8.4.4.3    Forecast Trend (2024-2032)
    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 (2018-2023)
            8.5.1.3    Forecast Trend (2024-2032)
        8.5.2    Cloud-based
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2023)
            8.5.2.3    Forecast Trend (2024-2032)
    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 (2018-2023)
            8.6.1.3    Forecast Trend (2024-2032)
        8.6.2    Defence and Aerospace
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2023)
            8.6.2.3    Forecast Trend (2024-2032)
        8.6.3    Medical Devices
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2023)
            8.6.3.3    Forecast Trend (2024-2032)
        8.6.4    Electronics
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2023)
            8.6.4.3    Forecast Trend (2024-2032)
        8.6.5    Industrial Equipment
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2023)
            8.6.5.3    Forecast Trend (2024-2032)
        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 (2018-2023) 
            8.7.1.3    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2023) 
            8.7.2.3    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2023) 
            8.7.3.3    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2023) 
            8.7.4.3    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2023) 
            8.7.5.3    Forecast Trend (2024-2032)
9    North America Computer Aided Engineering Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023) 
        9.1.3    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023) 
        9.2.3    Forecast Trend (2024-2032)
10    Europe Computer Aided Engineering Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023) 
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023) 
        10.2.3    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2023) 
        10.3.3    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2023) 
        10.4.3    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Computer Aided Engineering Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023) 
        11.1.3    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023) 
        11.2.3    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2023) 
        11.3.3    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2023) 
        11.4.3    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2023) 
        11.5.3    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Computer Aided Engineering Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023) 
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023) 
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023) 
        12.3.3    Forecast Trend (2024-2032)
    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 (2018-2023) 
        13.1.3    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2023) 
        13.2.3    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2023) 
        13.3.3    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2023) 
        13.4.3    Forecast Trend (2024-2032)
    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 2032
2.    Global Computer Aided Engineering Historical Market: Breakup by Type (USD Billion), 2018-2023
3.    Global Computer Aided Engineering Market Forecast: Breakup by Type (USD Billion), 2024-2032
4.    Global Computer Aided Engineering Historical Market: Breakup by Deployment Model (USD Billion), 2018-2023
5.    Global Computer Aided Engineering Market Forecast: Breakup by Deployment Model (USD Billion), 2024-2032
6.    Global Computer Aided Engineering Historical Market: Breakup by End-Use (USD Billion), 2018-2023
7.    Global Computer Aided Engineering Market Forecast: Breakup by End-Use (USD Billion), 2024-2032
8.    Global Computer Aided Engineering Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Computer Aided Engineering Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Computer Aided Engineering Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Computer Aided Engineering Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Computer Aided Engineering Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Computer Aided Engineering Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Computer Aided Engineering Historical Market: Breakup by Country (USD Billion), 2018-2023
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 2023, the global market for computer aided engineering reached a size of nearly USD 9.14 billion.

The market is projected to grow at a CAGR of 9.1% during the forecast period of 2024-2032.

The market is assessed to reach a value of around USD 19.96 billion by 2032.

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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