1. What is the projected Compound Annual Growth Rate (CAGR) of the Computer-aided Engineering Market?
The projected CAGR is approximately 11.7%.
+1 2315155523
MR Forecast provides premium market intelligence on deep technologies that can cause a high level of disruption in the market within the next few years. When it comes to doing market viability analyses for technologies at very early phases of development, MR Forecast is second to none. What sets us apart is our set of market estimates based on secondary research data, which in turn gets validated through primary research by key companies in the target market and other stakeholders. It only covers technologies pertaining to Healthcare, IT, big data analysis, block chain technology, Artificial Intelligence (AI), Machine Learning (ML), Internet of Things (IoT), Energy & Power, Automobile, Agriculture, Electronics, Chemical & Materials, Machinery & Equipment's, Consumer Goods, and many others at MR Forecast. Market: The market section introduces the industry to readers, including an overview, business dynamics, competitive benchmarking, and firms' profiles. This enables readers to make decisions on market entry, expansion, and exit in certain nations, regions, or worldwide. Application: We give painstaking attention to the study of every product and technology, along with its use case and user categories, under our research solutions. From here on, the process delivers accurate market estimates and forecasts apart from the best and most meaningful insights.
Products generically come under this phrase and may imply any number of goods, components, materials, technology, or any combination thereof. Any business that wants to push an innovative agenda needs data on product definitions, pricing analysis, benchmarking and roadmaps on technology, demand analysis, and patents. Our research papers contain all that and much more in a depth that makes them incredibly actionable. Products broadly encompass a wide range of goods, components, materials, technologies, or any combination thereof. For businesses aiming to advance an innovative agenda, access to comprehensive data on product definitions, pricing analysis, benchmarking, technological roadmaps, demand analysis, and patents is essential. Our research papers provide in-depth insights into these areas and more, equipping organizations with actionable information that can drive strategic decision-making and enhance competitive positioning in the market.
Computer-aided Engineering MarketComputer-aided Engineering Market by Deployment (Cloud, On-premise), by Type (Finite Element Analysis (FEA), by End-user (Automotive, Medical devices, Industrial Equipment, Defense & Aerospace, Electronics, Others), by By Deployment (Cloud, On-premise), by Europe (Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific), by Middle East & Africa (Turkey, Israel, GCC, South Africa, North Africa, Rest of the Middle East & Africa), by South America (Brazil, Argentina, Rest of South America) Forecast 2026-2034
The Computer-aided Engineering Market size was valued at USD 8.0 USD billion in 2023 and is projected to reach USD 17.36 USD billion by 2032, exhibiting a CAGR of 11.7 % during the forecast period. The market's growth is primarily driven by the increasing adoption of simulation and analysis tools in various industries to optimize design processes and improve product quality. CAE or computer-aided engineering includes the application of computer software, provided it resembles the physical phenomena to a great extent, to various industries aimed at improving product designs or the resolution of engineering problems. Computer-assisted engineering (CAE) covers the whole process of engineering from product ideas and drafting to the simulation and analysis of the product before the testing. CAE (Computer Aided Engineering) utilizes computer-assisted, math-based analyses and simulations which are embedded in the product development process. Through its combination of CAD with different disciplines such as FEA, CFD, multiphysics, and engineering calculations, CAE shows multidisciplinary nature. CAE wants to make components, assemblies, and systems which perform perfectly in any condition but they also need to be efficiently light in weight and strength.
Deployment:
Type:
End-user:
Our market report provides an exhaustive analysis of the following aspects:
The computer-aided engineering market has a promising future, with advancements in technology and growing adoption across industries.
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 11.7% from 2020-2034 |
| Segmentation |
|
Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 11.7%.
Key companies in the market include ESI Group (France), Siemens AG (Germany), Hexagon AB (Sweden), Aveva Group (U.K.), SimScale (Germany), ANSYS, Inc. (U.S.), Altair Engineering Inc. (U.S.), Autodesk, Inc. (Germany), Bentley Systems, Inc. (U.S.), Dassault Systemes (U.S.).
The market segments include Deployment, Type, End-user.
The market size is estimated to be USD 8.0 USD billion as of 2022.
Increase in Adoption of IoT and 3D Printing to Fuel Market Growth.
Rising Adoption in Aircraft Designing to Boost Demand for CAE.
High Installation Costs and Lack of Technical Expertise to Hinder Market Growth.
May 2023: Velo3D partnered with PhysicsX as part of Velo3D's Technical Partner Program. Through this partnership, Velo3D customers would have access to PhysicsX's artificial intelligence physics simulation workflows to accelerate their simulation loops dramatically.
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4850, USD 5850, and USD 6850 respectively.
The market size is provided in terms of value, measured in USD billion.
Yes, the market keyword associated with the report is "Computer-aided Engineering Market," which aids in identifying and referencing the specific market segment covered.
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
To stay informed about further developments, trends, and reports in the Computer-aided Engineering Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.