Computer Aided Engineering Market: Major Trends Reshaping the Future of the Industry

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What Will the Computer Aided Engineering Industry Market Size Be by 2025?
Recently, there has been robust growth in the computer aided engineering market size. Projected to rise from $9.01 billion in 2024 to $9.49 billion in 2025, the market sees an annual compound growth rate (CAGR) of 5.3%. This expansion in the historic period can be attributed to multiple factors like enhancements in computational power, worldwide distribution of engineering work, rising intricacy in product design, simulation-driven design, cost and time-saving measures, compliance demands from regulations, and simulation of automotive crash testing.

What's the Long-Term Growth Forecast for the Computer Aided Engineering Market Size Through 2029?
A robust increase in the size of the computer aided engineering market is anticipated in the coming years. The market is forecasted to reach $13.59 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.4%. This projected growth during the forecast period can be credited to the advent of Industry 4.0 and smart manufacturing, more complex designs in electronics, a focus on sustainability and environmental factors, improved simulations for human-machine interactions, digital transformation in construction and infrastructure, as well as increased usage in consumer electronics. Noteworthy trends for the forecast period are greater integration of multiphysics simulations, progress in high-performance computing (HPC), rising acceptance of cloud-based CAE, emphasis on user-friendly interfaces and workflows, augmented usage of generative design, and the application of virtual prototyping for system-level simulation.

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What Are the Key Growth Drivers Fueling the Computer Aided Engineering Market Expansion?
The rising automation within the manufacturing industry is predicted to fuel the expansion of the computer-aided engineering market. The term automation relates to the creation and implementation of technology in the process of producing and offering goods or services which involves minimal to zero human intervention. Presently, technologies like computer-aided drafting and N/C tape prep facilitated by computers are in widespread use in this sector, successfully tackling the concerning issue of falling productivity. For example, data from the International Federation of Robotics (IFR), a professional non-profit organization based in Germany, shows that the total sales of service robots for professional use reached 158,000 units in 2022, jumping up by 48% from September 2023. Further indicating this upward trend is the fact that 553,052 industrial robot installations are stationed in factories globally, marking a 5% increase from 2022. Hence, the escalating automation in the manufacturing field is projected to push the growth of the computer-aided engineering market.

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What Are the Key Trends Driving Computer Aided Engineering Market Growth?
Progress in technology is a leading trend making waves in the computer-aided engineering marketplace. Key businesses in the industry are channelling their efforts into creating cutting-edge technological solutions to gain a competitive upper hand. For example, Sandvik AB, an engineering conglomerate from Sweden specializing in the development of tools and technological aids for mining and manufacturing, unveiled their AI-operated CAD/CAM software suite in July 2024. This new attribute, named Manufacturing Copilot, will blend seamlessly into Sandvik's widely used software products such as Cimatron, , and SigmaNEST. The AI-infused improvements seek to streamline the user journey by offering instant support and enhancing productivity in production settings. Sandvik, through the use of artificial intelligence, aims to deliver superior support features that help operators carry out tasks from design to programming to execution, consequently increasing the efficacy in computer-led manufacturing methods.

How Is the Computer Aided Engineering Market Segmented?
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

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Which Companies Are Leading the Charge in Computer Aided Engineering Market Innovation?
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.

Which Regions Are Leading the Global Computer Aided Engineering Market in Revenue?
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.

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