The global Computer-Aided Engineering (CAE) market is experiencing significant growth, projected to reach a value of USD 10,175.4 million in 2023. This market is set to expand at a Compound Annual Growth Rate (CAGR) of 12.8% from 2024 to 2030. This growth is primarily driven by the outsourcing of manufacturing processes to emerging economies like China, India, and Russia.
The increasing adoption of integrated CAE software solutions is a major factor contributing to this growth. These solutions eliminate the need for multiple physical prototypes, significantly reducing costs associated with prototyping and product recalls. Additionally, the rising use of Computational Fluid Dynamics (CFD) software for analyzing battery module temperatures and enhancing battery life and performance is further propelling market growth.
Gather more insights about the market drivers, restrains and growth of the Computer Aided Engineering Market
Regional Insights:
North America Computer Aided Engineering Market Trends
Asia Pacific Computer Aided Engineering Market Trends
The Asia-Pacific regional market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period. This expansion is driven by increasing government investments in manufacturing sector development and renewable energy capacity expansion. Additionally, the growing automation of industrial equipment is expected to fuel industry demand.
China CAE marketThe CAE market in Chinaaccounted for a revenue share of more than 16% in the Asia Pacific market. The revenue share can be attributed to the rapid industrialization and manufacturing expansion leading to increased demand for CAE in various sectors.
India CAE marketThe CAE market in Indiaaccounted for a revenue share of more than 10% in the Asia Pacific market. The revenue share can be attributed to the shift towards digital engineering and simulation-driven design accelerating the adoption of CAE technologies.
Japan CAE marketThe growth of the CAE market in Japan can be attributed to the emphasis on precision engineering and high-quality manufacturing boosting the demand for CAE solutions.
Europe Computer Aided Engineering Market Trends
U.K. CAE marketThe CAE Market in the U.K.accounted for a revenue share of 20.96% in the European market. The growth can be attributed to the strong automotive and aerospace industries driving demand for advanced simulation and design tools.
France CAE MarketThe CAE Market in Franceaccounted for a revenue share of 16.13% in the European market. The revenue share can be attributed to the government support for technological innovation and digitalization boosting CAE market growth.
Germany CAE marketThe CAE Market in Germanyaccounted for a revenue share of 28%. The revenue share can be attributed to the dominant automotive manufacturing sector utilizing CAE for product design, testing, and optimization.
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Key Companies & Market Share Insights
Some of the key players operating in the market include Siemens Group, and Rockwell Automation among others.
Key Companies
- ANSYS, Inc.
- Altair Engineering
- Autodesk, Inc.
- Bentley Systems, Inc.
- Dassault Systemes
- ESI Group
- Exa Corporation
- Mentor Graphics Corporation (A subsidiary of Siemens AG)
- Hexagon AB
- Siemens
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The global Computer-Aided Engineering (CAE) Software Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Computer-Aided Engineering (CAE) Software include Siemens Product Lifecycle Management Software Inc., Dassault Systemes, Altair Engineering, Inc., CD-adapco, Mentor Graphics, Inc., AspenTechnology, Inc., MSC Software Corporation, ESI Group, Computational Engineering International Inc., Exa Corporation, and Bentley Systems Incorporated..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Computer-Aided Engineering (CAE) Software Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/computer-aided-engineering-cae-software-market/download-sampleMarket SegmentationThe broad Computer-Aided Engineering (CAE) Software has been sub-grouped into the Deployment Model, Type, End-User and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
