Impact Of Automation In Manufacturing In The Engineering Software Market: An Emerging Driver Transforming The Engineering Software Market Landscape

The Engineering Software 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 Engineering Software Market?
The size of the engineering software market has seen a quick rise in the recent past. It is projected to increase from $55.63 billion in 2024 to $64.97 billion in 2025, with a compound annual growth rate (CAGR) of 16.8%. This surge in the past historical period can be credited to factors such as the growing intricacy of product designs, the worldwide expansion of the engineering workforce, regulatory compliance demands, as well as cost and time efficiencies, and the rising use of simulation tools.

The market size of the engineering software is anticipated to witness a rapid expansion in the subsequent years. It will reach $119.52 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.5%. The growth projected during this period can be linked to the growing interest in additive manufacturing, heightened attention to cybersecurity, increased demand for cloud-based solutions, and the broadening of digital twins across different industries. The forecast period also sees significant trends like 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 Are the Different Engineering Software Market Segments?
The engineering software market 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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What Are the Primary Drivers Shaping the Engineering Software Market?
The increase in manufacturing automation is anticipated to drive the expansion of the engineering software market. The term manufacturing automation refers to the employment of machinery and technology to accomplish tasks or processes with little to no human intervention. The elevation of automation in manufacturing is triggered by factors such as an aging workforce, skills shortages, labor shortages, customization demands, and quality control benefits. Engineering software aids in boosting manufacturing automation by supplying the essential tools and capabilities to craft, duplicate, evaluate, administer and refine automated processes proficiently. For example, the International Federation of Robotics, a non-profit organization based in Germany, reported in May 2023 that industrial robot installations in manufacturing surged by 12% in the entirety of 2022 to attain 41,624 units. The automotive industry, predominantly composed of US, Canadian, and Mexican corporations, was the leading adopter with a total of 20,391 installed units, marking a 30% hike from 2021. As a result, the surge in manufacturing automation is fueling the progression of the engineering software market.

Which Companies Are Leading in the Engineering Software Market?
Major companies operating in the engineering software market 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

What Are the Major Trends Shaping the Engineering Software Market?
Prominent businesses in the engineering software market are concentrating their efforts on creating technologically sophisticated solutions, like digital engineering approaches, in order to offer a holistic response to modern manufacturing needs and secure a competitive advantage in the industry. Digital engineering methods encompass a variety of technology-based procedures and methods utilized in the designing, creation, and servicing of engineering products and systems. To illustrate, CAPTURE 3D, an American software firm that offers 3D metrology solutions, introduced ZEISS INSPECT in November 2023, a 3D metrology software aimed at handling modern manufacturing and engineering problems. It is tailored to analyze 3D, CT, or motion data and oversee the full inspection workflow, from the scanning stage to the analyzing and reporting steps. ZEISS INSPECT allows individuals to interact with optical 3D data, volume data, and airfoils, independent of the metrology technique chosen for data collection. This streamlines operations, enhances productivity, and tackles the complexity linked with measuring technology. Moreover, it comes with the Autosurfacing application for automatically transitioning scan data into high-resolution CAD models.

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What Are the Top Revenue-Generating Geographies in the Engineering Software Market?
North America was the largest region in the engineering software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the engineering software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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

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