This report describes and explains the computer aided engineering (CAE) market and covers 2017-2022, termed the historic period, and 202-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and for the major economies within each region.
The global computer aided engineering (CAE) market reached a value of nearly $8.15 billion in 2022, having grown at a compound annual growth rate (CAGR) of 6.99% since 2017. The market is expected to grow from $8.15 billion in 2022 to $11.25 billion in 2027 at a rate of 6.64%. The market is then expected to grow at a CAGR of 9.75% from 2027 and reach $17.91 billion in 2032.
Growth in the historic period resulted from rising adoption of cloud-based solutions, increasing number of internet users and growth in the industrial sector. Factors that negatively affected growth in the historic period included a decline in global manufacturing production growth.
Going forward, the rising automation in the manufacturing industry, increase in the adoption of 3D printing and growing adoption of IoT (internet of things) will drive the market. Factors that could hinder the growth of the computer aided engineering (CAE) market in the future include a shortage of skilled professionals.
The computer aided engineering (CAE) market is segmented by type into finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics and optimization and simulation. The finite element analysis (FEA) market was the largest segment of the computer aided engineering (CAE) market segmented by type, accounting for 50.26% of the total in 2022. Going forward, the computational fluid dynamics (CFD) segment is expected to be the fastest growing segment in the computer aided engineering (CAE) market segmented by type at a CAGR of 7.42% during 2022-2027.
The computer aided engineering (CAE) market is segmented by deployment into on premise and cloud based. The on premise market was the largest segment of the computer aided engineering (CAE) market segmented by deployment, accounting for 65.05% of the total in 2022. Going forward, the cloud based segment is expected to be the fastest growing segment in the computer aided engineering (CAE) market segmented by deployment, at a CAGR of 7.96% during 2022-2027.
The computer aided engineering (CAE) market is segmented by end use into automotive, defense and aerospace, electronics, medical devices, industrial equipment and other end uses. The automotive market was the largest segment of the computer aided engineering (CAE) market segmented by end use, accounting for 29.50% of the total in 2022. Going forward, the defense and aerospace segment is expected to be the fastest growing segment in the computer aided engineering (CAE) market segmented by end use, at a CAGR of 7.48% during 2022-2027.
Asia-Pacific was the largest region in the computer aided engineering (CAE) market, accounting for 36.10% of the total in 2022. It was followed by North America and then the other regions. Going forward, the fastest-growing regions in the computer aided engineering (CAE) market will be South America and Asia-Pacific, where growth will be at CAGRs of 9.77% and 9.02% respectively. These will be followed by the Middle East and Africa, where the markets are expected to grow at CAGRs of 7.24% and 5.92% respectively.
The global computer aided engineering (CAE) market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 17.18% of the total market in 2021. Dassault Systèmes SE was the largest competitor with 2.28% share of the market, followed by Ansys, Inc. with 2.269%, Hexagon AB with 2.266%, Siemens AG with 1.89%, Autodesk, Inc. with 1.87%, Aveva Group with 1.82%, Synopsys, Inc. with 1.70%, Altair Engineering Inc. with 1.65%, Bentley Systems Inc. with 1.17% and ESI Group with 0.27%.
The top opportunities in the computer aided engineering (CAE) market segmented by type will arise in the finite element analysis (FEA) segment, which will gain $1.58 billion of global annual sales by 2027. The top opportunities in the computer aided engineering (CAE) market segmented by deployment will arise in the on-premise segment, which will gain $1.76 billion of global annual sales by 2027. The top opportunities in the computer aided engineering (CAE) market segmented by end use will arise in the automotive segment, which will gain $939.7 million of global annual sales by 2027. The computer aided engineering (CAE) market size will gain the most in China at $921.9 million.
Market-trend-based strategies for the computer aided engineering (CAE) market include focus on advancements in technologies, focus on new product launches, focus on partnerships and collaborations, focus on cloud-based CAE and focus on artificial intelligence (AI).
Player-adopted strategies in the computer aided engineering (CAE) market include focus on expanding manufacturing capabilities through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the computer aided engineering (CAE) companies to focus on technology advancements to aid in development of new products, focus on new product launches, expand in emerging markets, continue to focus on developed markets, focus on mergers and acquisitions, provide competitively priced offerings, continue to use B2B promotions, participate in trade shows and events and focus on fast-growing end-use industries.
The global computer aided engineering (CAE) market reached a value of nearly $8.15 billion in 2022, having grown at a compound annual growth rate (CAGR) of 6.99% since 2017. The market is expected to grow from $8.15 billion in 2022 to $11.25 billion in 2027 at a rate of 6.64%. The market is then expected to grow at a CAGR of 9.75% from 2027 and reach $17.91 billion in 2032.
Growth in the historic period resulted from rising adoption of cloud-based solutions, increasing number of internet users and growth in the industrial sector. Factors that negatively affected growth in the historic period included a decline in global manufacturing production growth.
Going forward, the rising automation in the manufacturing industry, increase in the adoption of 3D printing and growing adoption of IoT (internet of things) will drive the market. Factors that could hinder the growth of the computer aided engineering (CAE) market in the future include a shortage of skilled professionals.
The computer aided engineering (CAE) market is segmented by type into finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics and optimization and simulation. The finite element analysis (FEA) market was the largest segment of the computer aided engineering (CAE) market segmented by type, accounting for 50.26% of the total in 2022. Going forward, the computational fluid dynamics (CFD) segment is expected to be the fastest growing segment in the computer aided engineering (CAE) market segmented by type at a CAGR of 7.42% during 2022-2027.
The computer aided engineering (CAE) market is segmented by deployment into on premise and cloud based. The on premise market was the largest segment of the computer aided engineering (CAE) market segmented by deployment, accounting for 65.05% of the total in 2022. Going forward, the cloud based segment is expected to be the fastest growing segment in the computer aided engineering (CAE) market segmented by deployment, at a CAGR of 7.96% during 2022-2027.
The computer aided engineering (CAE) market is segmented by end use into automotive, defense and aerospace, electronics, medical devices, industrial equipment and other end uses. The automotive market was the largest segment of the computer aided engineering (CAE) market segmented by end use, accounting for 29.50% of the total in 2022. Going forward, the defense and aerospace segment is expected to be the fastest growing segment in the computer aided engineering (CAE) market segmented by end use, at a CAGR of 7.48% during 2022-2027.
Asia-Pacific was the largest region in the computer aided engineering (CAE) market, accounting for 36.10% of the total in 2022. It was followed by North America and then the other regions. Going forward, the fastest-growing regions in the computer aided engineering (CAE) market will be South America and Asia-Pacific, where growth will be at CAGRs of 9.77% and 9.02% respectively. These will be followed by the Middle East and Africa, where the markets are expected to grow at CAGRs of 7.24% and 5.92% respectively.
The global computer aided engineering (CAE) market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up to 17.18% of the total market in 2021. Dassault Systèmes SE was the largest competitor with 2.28% share of the market, followed by Ansys, Inc. with 2.269%, Hexagon AB with 2.266%, Siemens AG with 1.89%, Autodesk, Inc. with 1.87%, Aveva Group with 1.82%, Synopsys, Inc. with 1.70%, Altair Engineering Inc. with 1.65%, Bentley Systems Inc. with 1.17% and ESI Group with 0.27%.
The top opportunities in the computer aided engineering (CAE) market segmented by type will arise in the finite element analysis (FEA) segment, which will gain $1.58 billion of global annual sales by 2027. The top opportunities in the computer aided engineering (CAE) market segmented by deployment will arise in the on-premise segment, which will gain $1.76 billion of global annual sales by 2027. The top opportunities in the computer aided engineering (CAE) market segmented by end use will arise in the automotive segment, which will gain $939.7 million of global annual sales by 2027. The computer aided engineering (CAE) market size will gain the most in China at $921.9 million.
Market-trend-based strategies for the computer aided engineering (CAE) market include focus on advancements in technologies, focus on new product launches, focus on partnerships and collaborations, focus on cloud-based CAE and focus on artificial intelligence (AI).
Player-adopted strategies in the computer aided engineering (CAE) market include focus on expanding manufacturing capabilities through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the computer aided engineering (CAE) companies to focus on technology advancements to aid in development of new products, focus on new product launches, expand in emerging markets, continue to focus on developed markets, focus on mergers and acquisitions, provide competitively priced offerings, continue to use B2B promotions, participate in trade shows and events and focus on fast-growing end-use industries.
Table of Contents
1. Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction and Market Characteristics
7. Computer Aided Engineering Market - Macro-Economic Scenario
8. Major Market Trends
9. Global Market Size and Growth
10. Global Computer Aided Engineering (CAE) Market Segmentation
11. Computer Aided Engineering (CAE) Market, Regional and Country Analysis
12. Asia-Pacific Market
13. Western Europe Market
14. Eastern Europe Market
15. North America Market
16. South America Market
17. Middle East Market
18. Africa Market
19. Competitive Landscape and Company Profiles
20. Key Mergers and Acquisitions in The Computer Aided Engineering (CAE) Market
21. Opportunities and Strategies
22. Computer Aided Engineering Market, Conclusions and Recommendations
23. Appendix
Executive Summary
Computer Aided Engineering (CAE) Global Market Opportunities and Strategies to 2032 provides the strategists; marketers and senior management with the critical information they need to assess the global computer aided engineering (CAE) market as it emerges from the COVID-19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
Description
Where is the largest and fastest growing market for computer aided engineering (CAE)? How does the market relate to the overall economy, demography, and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider computer aided engineering (CAE) market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics-
- Key Trends:
- Macro-Economic Scenario:
- Global Market Size and Growth-
- Regional Analysis:
- Market Segmentation-
- Regional Market Size and Growth:
- Competitive Landscape:
- Key Mergers and Acquisitions:
- Market Opportunities and Strategies:
- Conclusions and Recommendations:
- Appendix:
Scope
Markets Covered: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; Other End Uses
Companies Mentioned: Dassault Systèmes SE; Ansys, Inc.; Hexagon AB; Siemens AG; Autodesk, Inc.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; computer aided engineering (CAE) indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 333 |
| Published | January 2024 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 8.2 Billion |
| Forecasted Market Value ( USD | $ 17.9 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 42 |
