Computer Aided Engineering Market Size Projected To Reach $13.59 Billion By 2034 With A Cagr Of 9.4%

The Computer Aided Engineering Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Computer Aided Engineering Market?
Over the past few years, there has been marked growth in the computer aided engineering market size. It is set to increase from $9.01 billion in 2024 to $9.49 billion in 2025, showing a compound annual growth rate (CAGR) of 5.3%. Factors contributing to the growth during the historic period include advancements in computational analysis, globalization of engineering tasks, escalating intricacy in product design, simulation-led design, cost and time efficiency, adherence to regulatory standards, and the rise in automotive crash test simulations.

In the coming years, the market size of computer aided engineering is projected to experience robust growth, reaching $13.59 billion in 2029 with a compound annual growth rate (CAGR) of 9.4%. This predicted growth over the forecast period can be attributed to various factors such as the emergence of industry 4.0 and smart manufacturing, increased complexity in electronics designs, focus on sustainability and minimizing environmental impact, improved simulations of human-machine interaction, digitization in construction and infrastructure, and escalated usage in consumer electronics. During the forecast period, it is anticipated that there will be a notable rise in the integration of multiphysics simulations, advancements in high-performance computing (HPC), increased adoption of cloud-based CAE, focus on user-friendly interfaces and workflows, increased usage of generative design, and application of virtual prototyping on system-level simulation.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7941

What Are the Different Computer Aided Engineering Market Segments?
The computer aided engineering market covered in this report is segmented -

1) By Type: Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics, Optimization And Simulation
2) By Deployment: On-Premise, Cloud-Based
3) By End-Use: Automotive, Defense And Aerospace, Electronics, Medical Devices, Industrial Equipment

Subsegments:
1) By Finite Element Analysis (FEA): Structural Analysis, Thermal Analysis, Vibration Analysis
2) By Computational Fluid Dynamics (CFD): Fluid Flow Analysis, Heat Transfer Analysis, Chemical Reaction Analysis
3) By Multibody Dynamics: Rigid Body Dynamics, Flexible Body Dynamics
4) By Optimization And Simulation: Design Optimization, Process Optimization, System Simulation, Virtual Prototyping

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7941&type=smp

What Are the Primary Drivers Shaping the Computer Aided Engineering Market?
The anticipated surge in the computer-aided engineering market is largely due to the escalation of automation in the manufacturing sector. The term 'automation' is generally used to describe the creation and application of technologies targeted at manufacturing and service delivery, which require minimal human intervention. Manufacturing industries are now leveraging computer-aided design and computer-assisted numerical control tape preparation forms of automation to counterbalance the unsettling decrease in productivity levels. For example, the International Federation of Robotics (IFR), a professional non-profit organization located in Germany, reported in September 2023 that the overall sales of service robots for professional use had skyrocketed to 158,000 units in 2022, marking a 48% increase. Further, there were 553,052 industrial robot installations across global factories, exhibiting a 5% growth year-on-year in 2022. Hence, the rise in automation within the manufacturing sector is predicted to catalyze the expansion of the computer-aided engineering market.

Which Companies Are Leading in the Computer Aided Engineering Market?
Major companies operating in 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., Symscape Pty Ltd, Synopsys Inc., Aveva Group PLC, Autodesk Inc., ANSYS Inc., PTC Inc., COMSOL Inc., MSC Software Corporation, Mentor Graphics Corporation, The MathWorks Inc., OpenText Corporation, Siemens Industry Software NV, CD-adapco, ETA Engineering Inc., Ricardo Software, ZWSOFT Co. Ltd., Zemax LLC, Flow Science Inc., GNS Systems GmbH, AVL List GmbH, EnginSoft S.p.A.

What Are the Major Trends Shaping the Computer Aided Engineering Market?
The surge in technological sophistication is an emerging trend in the computer-aided engineering arena. Numerous prominent players in this field are directing their efforts toward creating innovative tech solutions for gaining a competitive edge in the market. For instance, in July 2024, Sandvik AB, an engineering conglomerate based in Sweden and known for its expertise in mining and manufacturing technologies and tools, unveiled its AI-fueled CAD/CAM software suite. The new addition, christened as Manufacturing Copilot, will be incorporated in Sandvik's well-received software products like Cimatron, Gibb, and SigmaNEST. These AI-based advancements have been designed to elevate user experience by extending real-time assistance and ramping up productivity within manufacturing settings. Utilizing the power of artificial intelligence, Sandvik is determined to introduce superior support attributes that aid operators in a variety of tasks, from design and programming to execution, thereby enhancing effectiveness in computer-aided manufacturing procedures.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/computer-aided-engineering-global-market-report

What Are the Top Revenue-Generating Geographies in the Computer Aided Engineering Market?
Europe was the largest region in the computer-aided engineering market in 2024. The regions covered in the computer aided engineering market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Computer Aided Engineering Market?
2. What is the CAGR expected in the Computer Aided Engineering Market?
3. What Are the Key Innovations Transforming the Computer Aided Engineering Industry?
4. Which Region Is Leading the Computer Aided Engineering Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.