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Impact Of Automation In Manufacturing In The Engineering Software Market Share Driver: Leading Transformation in the Engineering Software Market Share in 2025
Engineering Software Market Share
The continuous growth in manufacturing automation is predicted to drive the expansion of the engineering software Market Share. Manufacturing automation involves the deployment of technology and machinery to carry out operations or processes with little to no human interference. This surge in automation is put down to factors like the aging workforce, skills shortages, labor scarcities, the requirement for personalization, and the advantages of quality control. By offering the required tools and capabilities for efficient design, simulation, analysis, control, and optimization of automated processes, engineering software augments manufacturing automation. For example, the International Federation of Robotics, a non-profit organization based in Germany, reported that in May 2023, industrial robot installations in manufacturing had risen by 12% in 2022, totaling 41,624 units. The automotive industry, predominantly composed of US, Canadian, and Mexican companies, led the way with 20,391 installed units, marking a 30% increase from the previous year. Consequently, the escalation in manufacturing automation is stimulating the advancement of the engineering software Market Share.
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What Is the projected Market Share size and growth rate for the engineering software Market Share?
The Market Share for engineering software has seen a speedy expansion in the recent past. Its size is predicted to escalate from $55.63 billion in 2024 to $64.97 billion in 2025, with a compound annual growth rate (CAGR) of 16.8%. The surge during the historical period has been due to factors such as rising intricacy in product designs, expanding global engineering workforce, adherence to regulatory standards, cost and time efficiency, and an increasing implementation of simulation tools.
The size of the engineering software Market Share is anticipated to experience swift expansion in the coming years. The Market Share is projected to rise to $119.52 billion by 2029, with a compound annual growth rate (CAGR) of 16.5%. This expected growth during the forecast period could be due to factors such as the increased emphasis on additive manufacturing, rising concerns about cybersecurity, a higher demand for cloud-based solutions, and the widespread use of digital twins across various industries. Key trends during the forecast period are anticipated to be cloud-based solutions, the integration of industry 4.0 and IoT, additive manufacturing, open-source software, and user experience (UX) design.
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What trends are poised to drive the future success of the engineering software Market Share?
Leading entities in the engineering software Market Share are prioritizing the creation of technology-forward solutions such as digital engineering solutions. These solutions comprehensively cater to modern manufacturing needs while providing these companies with an edge in the Market Share. Digital engineering solutions are technology-powered methodologies and practices used in the design, development, and servicing of engineering systems and products. For instance, in November 2023, CAPTURE 3D, a US-based software company that offers 3D metrology solutions, introduced ZEISS INSPECT. This 3D metrology software has been designed to tackle current manufacturing and engineering issues. Its features allow it to analyze 3D, CT (computed tomography), or motion data, additionally offering support through the entire inspection process, from scanning to analysis and reporting. ZEISS INSPECT lets users engage with optical 3D data, volume data, and airfoils, regardless of the metrology technique utilized for the data collection. This facilitates the simplification of processes, enhances efficiency and addresses the issues linked with measuring technology. Moreover, it includes the Autosurfacing app which automatically transforms scan data into highly precise CAD (computer-aided design) models.
What major Market Share segments define the scope and growth of the engineering software Market Share?
The engineering software Market Share covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premises
3) By Application: 3D Printing, Enterprise Resource Planning, Plant Layout, Drafting And 3D Modeling, Project Management, Knowledge Management, Product Design And Testing
4) By End-Use: Automotive, Aerospace And Defense, Electronics, Medical Devices, Architecture, Engineering, And Construction (AEC), Other End-Uses
Subsegments:
1) By Software: Computer-Aided Design (Cad) Software, Computer-Aided Engineering (Cae) Software, Product Lifecycle Management (Plm) Software, Finite Element Analysis (Fea) Software, Simulation Software, Computer-Aided Manufacturing (Cam) Software, 3D Modeling And Visualization Software, Building Information Modeling (Bim) Software, Geographic Information Systems (Gis) Software, Embedded Systems Design Software
2) By Services: Consulting Services, Software Implementation Services, Customization And Integration Services, Training And Support Services, Managed Services, Maintenance And Upgrade Services, Cloud-Based Engineering Services, System Integration Services, Simulation And Testing Services, Data Analytics And Optimization Services
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Which region dominates the engineering software Market Share?
North America was the largest region in the engineering software Market Share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the engineering software Market Share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Which key Market Share leaders are driving the engineering software industry growth?
Major companies operating in the engineering software Market Share are Siemens Ltd., International Business Machines Corporation, General Electric Company, Oracle Corporation, Schneider Electric SE, Honeywell International Inc., SAP SE, ABB Ltd., Emerson Electric Co., HCL Technologies, Rockwell Automation Inc., Dassault Systèmes, Hexagon AB, Keysight Technologies, Synopsys Inc., Autodesk Inc., Ansys Inc., PTC Inc., National Instruments Corporation, Aveva Group Plc., MathWorks Inc., Bentley Systems Inc., Altair Engineering Inc., Altium Limited, Aras Corp, ComplianceQuest
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What Is Covered In The Engineering Software Global Market Share Report?
• Market Share Size Forecast: Examine the engineering software Market Share size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the engineering software Market Share for a structured understanding.
• Key Players Overview: Analyze major players in the engineering software Market Share, including their Market Share value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the engineering software Market Share.
• Segment Contributions: Evaluate how different segments drive overall growth in the engineering software Market Share.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the engineering software Market Share.
• Industry Challenges: Identify potential risks and obstacles affecting the engineering software Market Share.
• Competitive Landscape: Review strategic developments in the engineering software Market Share, including expansions, agreements, and new product launches.
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