Inquire Before Buying - Computer-aided Engineering Market Size & Growth 2023-2028

Global Computer Aided Engineering Market Research Report: Forecast (2023-2028)

By Type (Finite Element Analysis, Computational Fluid Dynamics, Thermal Analysis, Multibody Dynamics, Others (Mechanical Event Simulation, etc.)), By Deployment Model (On-Premise,......Cloud), By End User (Automotive, Medical Devices, Industrial Equipment, Defense & Aerospace, Electronics, Others (Energy, Consumer Goods, etc.)), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific), By Company (Altair Engineering Inc. ANSYS, Inc., Autodesk Inc., Aveva Group, Bentley Systems, Inc., Dassault Systemes, ESI Group, Hexagon AB, Siemens AG, SimScale GmbH, Cambrio, Waterloo Hydrogeologic, The MathWorks, Inc., Aspen Technology Inc, and Cadence Design Systems, Inc) Read more

ICT & Electronics
Apr 2023
Pages 196
Report Format: PDF, Excel, PPT

Market Definition

CAE (Computer Aided Engineering) is the use of interactive tools like FEA (Finite Element Analysis), CFD (Computational Fluid Dynamics), MBD (Multi-Body Dynamics), & thermal analysis to optimize different engineering tasks by analyzing the performance & robustness of various assemblies and components. Its faster processing allows users to save time and achieve rapid outcomes. With benefits like superior building operation practices, sophisticated designs, and high site construction standards, CAE finds extensive application in automation, aviation, space, & shipbuilding, among other areas.

Market Insights

The Global Computer Aided Engineering Market is likely to grow at around 9.1% CAGR during the forecast period, i.e., 2023-28. The growth of the market is projected to be driven mainly by the ever-increased outsourcing of manufacturing processes to developing economies, the growing deployment of integrated software solutions by companies to eliminate the need for multiple prototypes & product recall concerns, and the mounting use of CFD tools to analyze temperature in battery modules and extend its life & performance.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	9.1%
Regions Covered	North America: USA, Canada, Mexico
	South America: Brazil, Argentina, Rest of South America
	Europe: The UK, Germany, France, Spain, Italy, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Indonesia, Rest of Asia-Pacific
	Middle East & Africa: UAE, Saudi Arabia, Turkey, South Africa, Rest of Middle East & Africa
Key Companies Profiled	Altair Engineering Inc. ANSYS, Inc., Autodesk Inc., Aveva Group, Bentley Systems, Inc., Dassault Systemes, ESI Group, Hexagon AB, Siemens AG, SimScale GmbH, Cambrio, Waterloo Hydrogeologic, The MathWorks, Inc., Aspen Technology Inc, and Cadence Design Systems, Inc
Unit Denominations	USD Million/Billion

In addition, the burgeoning sales & production of energy-efficient aircraft are also expected to propel the market growth for CAE solutions in the forecast period. Computer Aided engineering solutions are being utilized extensively to design battery-driven aircraft engines alongside low-emission planes with solar panels on their wings.

Moreover, the evolving trends of concurrent engineering, 3D printing, & BIM (Building Information Modeling) are further positively influencing the demand for CAE solutions in various industries, including but not limited to electronics, aerospace & defense, automotive, & healthcare. The leading industry players are actively working on introducing innovative products with improved efficiency & performance in order to cater to the varied end-user requirements. For instance:

The easy-to-use 3D printing technology with unlimited customization capabilities helps reduce production costs and develop new & innovative production methods. Hence, these trends in industries are creating new directions for the Global Computer Aided Engineering Market to witness significant expansion over the coming years.

Recent Developments in the Global Computer Aided Engineering Market

In June 2022, Ansys joined forces with SoftInWay to create streamlined turbomachinery workflows from the design phase through 3D simulation. This partnership will enable seamless integration of Ansys' simulation software into SoftInWay's unique design platform.
In July 2021, Dassault Systèmes launched DELMIAworks in India, an advanced manufacturing ERP & MES solution, which allows manufacturers to effectively monitor & manage manufacturing workflows & supply chains and attain enhanced operational efficiency & transparency.
The same year, Siemens announced the launch of Simcenter Femap with an aim to streamline & improve the FEA process, enhance FEA efficiency, and allow users to edit & re-use mesh-centric FEA models of complex products & systems.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Computer Aided Engineering Market Trends & Insights
Global Computer Aided Engineering Market Dynamics
1. Growth Drivers
2. Challenges
Global Computer Aided Engineering Market Hotspot & Opportunities
Global Computer Aided Engineering Market Outlook, 2018- 2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
    1. Finite Element Analysis
    2. Computational Fluid Dynamics
    3. Thermal Analysis
    4. Multibody Dynamics
    5. Others (Mechanical Event Simulation, etc.)
  2. By Deployment Model
    1. On-Premise
    2. Cloud
  3. By End User
    1. Automotive
    2. Medical Devices
    3. Industrial Equipment
    4. Defense & Aerospace
    5. Electronics
    6. Others (Energy, Consumer Goods, etc.)
  4. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  5. By Company
    1. Competition Characteristics
    2. Revenue Shares
North America Computer Aided Engineering Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Deployment Model
  3. By End User
  4. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
4. Canada Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
5. Mexico Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
South America Computer Aided Engineering Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Deployment Model
  3. By End User
  4. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
4. Argentina Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
Europe Computer Aided Engineering Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Deployment Model
  3. By End User
  4. By Country
    1. The UK
    2. Italy
    3. Germany
    4. France
    5. Spain
    6. Rest of Europe
3. The UK Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
4. Italy Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
5. Germany Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
6. France Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
7. Spain Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
The Middle East & Africa Computer Aided Engineering Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Deployment Model
  3. By End User
  4. By Country
    1. Saudi Arabia
    2. The UAE
    3. South Africa
    4. Turkey
    5. Rest of the Middle East & Africa
3. Saudi Arabia Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
4. The UAE Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
5. South Africa Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
6. Turkey Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
Asia-Pacific Computer Aided Engineering Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Type
  2. By Deployment Model
  3. By End User
  4. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Rest of APAC
3. China Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
4. Japan Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
5. India Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
6. South Korea Computer Aided Engineering Market Outlook, 2018-2028F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Type
    2. By Deployment Model
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles (Business Description, Solutions Offered, Business Segments, Financials, Future Plans)
  1. Altair Engineering Inc.
  2. ANSYS, Inc.
  3. Autodesk Inc.
  4. Aveva Group
  5. Bentley Systems, Inc.
  6. Dassault Systemes
  7. ESI Group
  8. Hexagon AB
  9. Siemens AG
  10. SimScale GmbH
  11. Cambrio
  12. Waterloo Hydrogeologic
  13. The MathWorks, Inc.
  14. Aspen Technology Inc
  15. Cadence Design Systems, Inc
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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