Global Computer-Aided Engineering Market to Grow at 8.7% During 2025-2033, Impelled by Increasing Adoption of Cloud-Based Computing

January 07, 2025 | Technology & Media

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According to the latest report by IMARC Group, titled "Computer-Aided Engineering Market Report by Type (Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics, Optimization & Simulation), Deployment Type (On-premises, Cloud-based), End-Use Industry (Automotive, Defense & Aerospace, Electronics, Medical Devices, Industrial Equipment, and Others), and Region 2025-2033," the global computer-aided engineering market reached a value of USD 11.2 Billion in 2024. Computer-aided engineering (CAE) involves the usage of sophisticated and interactive computer software to facilitate engineering analysis tasks. It is widely used to simulate performance using virtual tools in an attempt to improve product designs and resolve engineering problems. It is also utilized to assess the performance and robustness of assemblies and components by replicating the product’s physical properties and conducting thermal/ finite element analysis and optimizations. Since this process eliminates the requirement of building physical prototypes in its early developmental stages, it offers quicker processing and aids numerous end users in achieving their goals faster than expected. Consequently, CAE finds extensive applications across numerous industry verticals, such as energy, aerospace, automotive, electronics and healthcare.

Global Computer-Aided Engineering Market Trends:

The market is primarily driven by the growing adoption of cloud-based computing instead of on-premise computing solutions across various industries. The use of cloud computing leads to the elimination of hardware acquisition and software licensing, installation and support, thereby minimizing overall costs. This has considerably increased the deployment of CAE software across various organizations. There has also been a rise in the integration of computer-aided drafting (CAD) with CAE to assist in calculating stress distribution and deformations in a product without influencing the modeling process. The market is further driven by the increasing penetration of smart and wearable devices across the globe, supported by the miniaturization of sensors and electronic devices and their reducing selling prices. Apart from this, governments of numerous countries have mandated the installation of multiple advanced technologies, including parking assistance systems, collision avoidance systems and wireless communication technology, in the latest models of various automobiles. This, coupled with the launch of driverless and semi-autonomous cars, is expected to facilitate the uptake of CAE services. Some of the other factors contributing to the market growth include the emergence of 3D printing and the increasing mergers and acquisitions (M&A) by original CAE providers and resellers as a key strategy to expand their market presence. Looking forward, the market value is projected to reach USD 23.7 Billion by 2033, expanding at a CAGR of 8.7% during 2025-2033.

Market Summary:

On the basis of the type, the market has been divided into finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics, and optimization and simulation.
Based on the deployment type, the market has been bifurcated into on-premises and cloud-based.
On the basis of the end-use industry, the market has been classified into automotive, defense and aerospace, electronics, medical devices, industrial equipment, and others.
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the industry has been examined in the report with the detailed profiles of the key players. Some of these players include Altair Engineering, Inc., ANSYS, Inc., Aspen Technology Inc., Autodesk, Inc., BenQ Asia Pacific Corp., Bentley Systems, Inc., Casio Computer Co., Ltd., Dassault Systèmes, ESI Group, Exa Corporation, Mentor Graphics Corporation, MSC Software Corporation, NUMECA International, Seiko Epson Corporation, and Siemens Digital Industries Software.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Type, Deployment Type, End-Use Industry, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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 and Siemens Digital Industries Software
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Computer-Aided Engineering Market to Grow at 8.7% During 2025-2033, Impelled by Increasing Adoption of Cloud-Based Computing

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