Global Computer-Aided Engineering Market

Computer-Aided Engineering Market Size, Share, Growth Analysis, By Component(Software and Services), By Deployment Model(On-premise and Cloud-based), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45I2120 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 59 |Figures: 75

Computer-Aided Engineering Market Insights

Global Computer-Aided Engineering Market size was valued at USD 9163.3 million in 2022 and is poised to grow from USD 10317.88 million in 2023 to USD 26662.29 million by 2031, at a CAGR of 12.60% during the forecast period (2024-2031). 

The computer-aided engineering (CAE) market is a dynamic and rapidly evolving sector within the broader field of engineering. CAE involves the use of computer software to aid in the analysis, simulation, and optimization of complex engineering tasks. It encompasses various disciplines such as structural analysis, fluid dynamics, thermal analysis, and more.

The market's growth is driven by the increasing demand for advanced product development and innovation across industries like automotive, aerospace, electronics, and manufacturing. CAE tools enable engineers to create virtual prototypes, assess product performance under different conditions, and reduce the need for physical prototypes, thereby accelerating time-to-market and minimizing costs.

The rising complexity of designs, coupled with the need for accurate and efficient simulations, is pushing industries to adopt CAE solutions. Additionally, the integration of artificial intelligence and machine learning within CAE software is enhancing predictive capabilities and automation, further driving market growth.

Geographically, North America and Europe are leading the CAE market due to their well-established manufacturing and technology sectors. The Asia-Pacific region is also emerging as a significant player, driven by the growing automotive and manufacturing industries.

As industries continue to rely on simulation and optimization for product development, the CAE market is expected to witness continuous innovation and expansion, offering solutions that cater to diverse engineering challenges across various sectors.

US Computer-Aided Engineering Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 9163.3 million

Largest Segment

Software

Fastest Growth

Software

Growth Rate

12.60% CAGR

Global Computer-Aided Engineering Market ($ Bn)
Country Share for North America Region (%)

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Computer-Aided Engineering Market Segmental Analysis

The computer-aided engineering market is segmented by Component, Deployment Model, End-use and Region. Based on Component the market is segmented as, Software and Services. Based on Deployment Model the market is segmented as, On-premise and Cloud-based. Based on End-User the segments are segmented as Automotive, Defense & aerospace, Electronics, Medical devices, Industrial equipment, others. Regional the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Computer-Aided Engineering Market Analysis By Component

In the computer-aided engineering (CAE) market, the software segment is currently dominating. Software solutions play a pivotal role in enabling engineers to simulate, analyze, and optimize complex designs and engineering processes. The availability of advanced CAE software with diverse capabilities, such as finite element analysis, computational fluid dynamics, and multibody dynamics, has made it an essential tool for industries seeking efficient product development and performance optimization.

On the other hand, the services segment is the fastest-growing segment in the CAE market. With the increasing complexity of engineering tasks and the need for specialized expertise, organizations are turning to CAE service providers to offer tailored solutions, consultation, training, and support. Outsourcing CAE services allows companies to access domain-specific knowledge and advanced simulations without the need for heavy investment in software and infrastructure.

Computer-Aided Engineering Market Analysis By Deployment Model

In the computer-aided engineering (CAE) market, the cloud-based deployment model is rapidly emerging as the dominating segment. Cloud-based CAE solutions offer numerous benefits, such as scalability, flexibility, cost-effectiveness, and accessibility from various locations. As industries increasingly prioritize remote work and collaboration, cloud-based CAE provides engineers with the ability to access and share simulations and analyses seamlessly, regardless of their physical location. This trend has gained prominence, especially with the growing adoption of digital transformation strategies across sectors.

Simultaneously, the fastest-growing segment is the cloud-based deployment model. With the proliferation of cloud technologies, industries are recognizing the advantages of moving their CAE operations to the cloud. This deployment model allows for more efficient resource utilization, rapid scalability, reduced infrastructure costs, and real-time collaboration. As cloud services continue to mature and security concerns are addressed, more organizations are transitioning from traditional on-premise solutions to cloud-based CAE platforms to streamline their engineering processes and gain a competitive edge.

Global Computer-Aided Engineering Market By Component, 2023 (%)

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Computer-Aided Engineering Market Regional Insights

The largest region in the computer-aided engineering (CAE) market is North America, primarily driven by its advanced technological infrastructure and robust manufacturing sector. The United States, in particular, is a key contributor due to its substantial investments in research and development and its presence as a technological hub. The region's emphasis on innovation and engineering excellence has led to a high demand for CAE solutions across industries like automotive, aerospace, and electronics.

The second-largest region is Europe, characterized by its strong engineering heritage and diverse industrial landscape. Countries like Germany, France, and the United Kingdom are significant players in the CAE market, driven by their well-established automotive and manufacturing sectors. Additionally, the European Union's focus on sustainability and innovation is fostering the adoption of CAE tools for product development and optimization.

Global Computer-Aided Engineering Market By Region, 2024-2031
  • Largest
  • Fastest

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Computer-Aided Engineering Market Dynamics

Computer-Aided Engineering Market Drivers

Rising Complexity of Designs:

  • As products become more complex, the need for accurate simulations and analyses increases, driving the demand for computer-aided engineering (CAE) solutions to optimize performance and reliability.

Reduced Time-to-Market:

  • CAE tools enable engineers to create virtual prototypes and assess product behavior early in the design phase, accelerating product development and reducing time-to-market.

Computer-Aided Engineering Market Restraints

High Initial Investment:

  • Implementation of CAE software and training can involve substantial upfront costs, deterring smaller businesses from adopting these solutions.

Complexity and Learning Curve:

  • Mastering CAE tools requires specialized skills and training, which may lead to a learning curve for engineers and design teams.

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Computer-Aided Engineering Market Competitive Landscape

The competitive landscape of the computer-aided engineering (CAE) market is characterized by the presence of both established players and emerging vendors striving to offer innovative solutions. Major industry participants include software giants like ANSYS Inc., Siemens PLM Software, Dassault Systèmes, and Altair Engineering, who have extensive experience and a wide range of CAE offerings catering to various industries. These companies focus on continuous research and development to enhance their software capabilities, incorporating advanced features such as AI-driven simulations, cloud-based collaboration, and real-time analytics.

Computer-Aided Engineering Market Top Player’s Company Profile

  • ANSYS Inc.
  • Autodesk Inc.
  • MSC Software Corporation
  • COMSOL Inc.
  • Bentley Systems Inc.
  • PTC Inc.
  • Synopsys Inc.
  • Hexagon AB
  • ESI Group
  • AVEVA Group plc
  • Mentor, a Siemens Business
  • NUMECA International
  • Exa Corporation
  • ZWCAD Software Co. Ltd.
  • CFD Support s.r.o.
  • CoreTech System Co. Ltd. (Moldex3D)
  • Future Facilities Ltd.

Computer-Aided Engineering Market Recent Developments

  • In January 2023, Autodesk announced the release of its new CAE software, Autodesk Simulation CFD. The software is designed to help engineers simulate fluid flow, heat transfer, and other physical phenomena.
  • In February 2023, Siemens PLM Software announced the release of its new CAE software, Siemens NX Nastran. The software is designed to help engineers simulate structural, thermal, and fluid dynamics problems.
  • In March 2023, Ansys announced the release of its new CAE software, Ansys Discovery Live. The software is designed to help engineers quickly and easily simulate product designs.

Computer-Aided Engineering Key Market Trends

  • Digital Twin and Simulation-Driven Design: The concept of digital twins, which involves creating virtual replicas of physical products, is becoming essential. Simulation-driven design and digital twins allow engineers to explore multiple design variations, predict real-world behavior, and make informed decisions during the product development cycle.
  • Integration of AI and Machine Learning: The integration of artificial intelligence (AI) and machine learning (ML) into CAE software is a prominent trend. These technologies enhance simulation accuracy, enable faster optimization, and automate repetitive tasks, leading to more efficient and accurate engineering analyses.

Computer-Aided Engineering Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Computer-Aided Engineering Market analysis, key drivers include the rising demand for product innovation, reduced time-to-market, and cost-efficiency in industries like automotive, aerospace, and manufacturing. The integration of AI and machine learning, cloud-based solutions, and the emphasis on sustainability also contribute to market expansion.

In terms of segments, the market is categorized by technology, including electronic dispensers, automated pipetting systems, microplate washers, and more. Geographically, North America and Europe lead due to their advanced technological infrastructure. Asia-Pacific is emerging as a growth hotspot, driven by the increasing adoption of digital transformation strategies. As industries continue to prioritize accurate simulations, the CAE market is poised for continuous advancement across regions and segments.

Report Metric Details
Market size value in 2023 USD 9163.3 million
Market size value in 2031 USD 26662.29 million
Growth Rate 12.60%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Component
    • Software and Services
  • Deployment Model
    • On-premise and Cloud-based
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • ANSYS Inc.
  • Autodesk Inc.
  • MSC Software Corporation
  • COMSOL Inc.
  • Bentley Systems Inc.
  • PTC Inc.
  • Synopsys Inc.
  • Hexagon AB
  • ESI Group
  • AVEVA Group plc
  • Mentor, a Siemens Business
  • NUMECA International
  • Exa Corporation
  • ZWCAD Software Co. Ltd.
  • CFD Support s.r.o.
  • CoreTech System Co. Ltd. (Moldex3D)
  • Future Facilities Ltd.
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Computer-Aided Engineering Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Computer-Aided Engineering Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Computer-Aided Engineering Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Computer-Aided Engineering Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Computer-Aided Engineering Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Computer-Aided Engineering Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Computer-Aided Engineering Market size was valued at USD 9163.3 million in 2022 and is poised to grow from USD 10317.88 million in 2023 to USD 26662.29 million by 2031, at a CAGR of 12.60% during the forecast period (2024-2031). 

The competitive landscape of the computer-aided engineering (CAE) market is characterized by the presence of both established players and emerging vendors striving to offer innovative solutions. Major industry participants include software giants like ANSYS Inc., Siemens PLM Software, Dassault Systèmes, and Altair Engineering, who have extensive experience and a wide range of CAE offerings catering to various industries. These companies focus on continuous research and development to enhance their software capabilities, incorporating advanced features such as AI-driven simulations, cloud-based collaboration, and real-time analytics. 'ANSYS Inc.', 'Siemens PLM Software', 'Dassault Systèmes', 'Altair Engineering Inc.', 'Autodesk Inc.', 'MSC Software Corporation', 'COMSOL Inc.', 'Bentley Systems Inc.', 'PTC Inc.', 'Synopsys Inc.', 'Hexagon AB', 'ESI Group', 'AVEVA Group plc', 'Mentor, a Siemens Business', 'NUMECA International', 'Exa Corporation', 'ZWCAD Software Co. Ltd.', 'CFD Support s.r.o.', 'CoreTech System Co. Ltd. (Moldex3D)', 'Future Facilities Ltd.'

As products become more complex, the need for accurate simulations and analyses increases, driving the demand for computer-aided engineering (CAE) solutions to optimize performance and reliability.

Digital Twin and Simulation-Driven Design: The concept of digital twins, which involves creating virtual replicas of physical products, is becoming essential. Simulation-driven design and digital twins allow engineers to explore multiple design variations, predict real-world behavior, and make informed decisions during the product development cycle.

The largest region in the computer-aided engineering (CAE) market is North America, primarily driven by its advanced technological infrastructure and robust manufacturing sector. The United States, in particular, is a key contributor due to its substantial investments in research and development and its presence as a technological hub. The region's emphasis on innovation and engineering excellence has led to a high demand for CAE solutions across industries like automotive, aerospace, and electronics.

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