Press release
Computer Aided Engineering Market: A Potential Growth of $13.59 billion by 2029 with an Increasing CAGR of 9.4%
Computer Aided Engineering Market
What Is The Projected Market Size Of The Global Computer Aided Engineering Market And Its Growth Rate?
The vigorous Computer Aided Engineering market is expected to grow substantially in the next few years.
• 2024 Market Size: $9.01 billion
• 2025 Market Size: $9.49 billion (5.3% CAGR)
• 2029 Market Size: $13.59 billion (9.4% CAGR)
The growth can be attributed to advancements in computational power, globalization of engineering work, increasing complexity in product design, simulation-driven design, regulatory compliance requirements, and automotive crash testing simulation.
What Is Driving The Growth In The Computer Aided Engineering Market?
The computer-aided engineering market is seeing a robust growth driven by the increasing automation in the manufacturing sector. Automation includes the development and deployment of technologies that help to deliver products and services with minimal human intervention. Automation technologies such as computer-aided drafting and computer-assisted N/C tape preparation are widely used in the manufacturing sector. The International Federation of Robotics (IFR) noted a significant increase of 48% in the total number of service robots sold for professional use in 2022. The rising trend of automation in manufacturing is expected to continue propelling the growth of the computer-aided engineering market.
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Who Are the Key Players Driving Computer Aided Engineering Market Growth?
The major companies contributing to the growth of 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.
What Are The Key Trends In The Computer Aided Engineering Market?
The 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
What Are The Segments Of The Global Computer Aided Engineering Market?
The Computer Aided Engineering market is segmented by:
• Type: Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics, Optimization And Simulation
• Deployment: On-Premise, Cloud-Based
• End-Use: Automotive, Defense And Aerospace, Electronics, Medical Devices, Industrial Equipment
Which Region Leads The Computer Aided Engineering Market?
In 2024, Europe emerged as the largest region in the computer-aided engineering market. The CAE market report further covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Computer Aided Engineering Market Global Market Report?
• Market Size Analysis: Analyze the Computer Aided Engineering Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Computer Aided Engineering Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Computer Aided Engineering Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Computer Aided Engineering Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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