IMARC Group, a leading market research company, has recently releases report titled “Computer-Aided Engineering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global computer-aided engineering market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the computer-aided engineering market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 9.3 Billion |
| Market Forecast in 2028 | US$ 16.6 Billion |
| Growth rate (2023 to 2028) | CAGR of 10.4% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is computer-aided engineering?
Computer-aided engineering (CAE) refers to a process of integrating and simulating the performance of a product using virtual tools and software. It involves replicating the physical properties of a product, conducting thermal and finite element analysis, and executing various optimizations. It also assists in enhancing the design and efficiency of a product while resolving engineering problems. In addition, it supports faster product development by preventing the need for designing a physical prototype in the early developmental stages.
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What are the growth prospects and trends in the computer-aided engineering industry?
The growing cloud deployment of software represents one of the key factors positively influencing the demand for CAE integrated with computer-aided drafting (CAD). Besides this, the escalating demand for consumer electronics like smartphones, laptops, and wearable devices for fitness, health, educational, and entertainment purposes is favoring the adoption of CAE. Moreover, the advent of semi-automated and driverless cars integrated with software for collision avoidance, interactive infotainment systems, and parking assistance systems is propelling the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Finite Element Analysis (FEA)
- Computational Fluid Dynamics (CFD)
- Multibody Dynamics
- Optimization & Simulation
Breakup by Deployment Type:
- On-Premises
- Cloud-based
Breakup by End-Use Industry:
- Automotive
- Defense & Aerospace
- Electronics
- Medical Devices
- Industrial Equipment
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Altair Engineering Inc.
- Ansys Inc.
- Aspen Technology Inc.
- Autodesk Inc.
- BenQ Asia Pacific Corp.
- Bentley Systems Inc.
- Casio Computer Co. Ltd.
- Dassault Systemes, ESI Group
- Exa Corporation
- Mentor Graphics Corporation
- MSC Software Corporation
- NUMECA International
- Seiko Epson Corporation
- Siemens Digital Industries Software
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