Computer Aided Engineering Market

Computer Aided Engineering Market by Deployments (Cloud-based and On-premise), Types (Computational Fluid Dynamics, Multibody Dynamics, Finite Element Analysis, and Optimization & Simulation), End-users (Industrial Equipment, Automotive, Defense & Aerospace, Medical Devices, Electronics, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-3320
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 175
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The global computer aided engineering market size was valued at USD 7.96 billion in 2020 and is estimated to reach USD 16.15 billion by 2028, expanding at a CAGR of 8.9 % during the forecast period, 2021–2028. The growth of the market is attributed to the increased outsourcing of manufacturing processes in emerging economies.

Computer Aided Engineering Market by key takeaways

Computer aided engineering (CAE) is a technology implemented with the use of computer software to analyze performance by improving design of the product and assist in the management of engineering challenges. The application of CAE is used in numerous applications such as processes, simulation, validation & optimization of products, and manufacturing tools. The COVID-19 pandemic has hampered the market as it affected the supply and demand chain in the automotive sector, which is a major market for CAE.

Market Trends, Drivers, Restraints, and Opportunities

  • Advancement of technologies in the automobile sector such as driverless and semi-autonomous vehicles are expected to boost the market growth in the coming years.
  • Emergence of advanced engineering models such as 3D printing, building information modelling, and concurrent engineering are the major factors driving the market growth.
  • Expensive pricing model and high licensing fees for CAE are key challenges likely to hinder the market growth during the forecast period.
  • Concerns related to cyber-attacks and data theft present major restraining factors. This is anticipated to hamper the market expansion during the projected period.
  • Increase in the adoption of computational fluid dynamics, which aids in the prediction of temperature and the cost reduction of vehicles. This is projected to create significant growth opportunities for the market in the near future.

Scope of the Report

The report on the global computer aided engineering market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Computer Aided Engineering Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Deployments (Cloud-based and On-premise), Types (Computational Fluid Dynamics, Multibody Dynamics, Finite Element Analysis, and Optimization & Simulation), and End-users (Industrial Equipment, Automotive, Defense & Aerospace, Medical Devices, Electronics, and Others),

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Bentley Systems, Inc.; Siemens AG; ANSYS, Inc.; Altair Engineering; Autodesk, Inc.; Dassault Systems; Exa Corporation; Mentor Graphics Corporation; ESI Group; and MSC Software Corporation

 

Market Segment Insights

On-premise segment is expected to grow at a rapid pace

Based on deployments, the global computer aided engineering market is bifurcated into cloud-based and on-premise. The on-premise segment is expected to grow at a rapid pace during the forecast period owing to the timely development and implementation of updated products into the market. However, the cloud-based segment is anticipated to hold a key share of the market in the coming years due to wide range of practicality and effective processes such as easy access to data, vast space for data storage, and security.

Strength evaluation to drive the finite element analysis segment

On the basis of types, the market is segregated into computational fluid dynamics (CFD), multibody dynamics, finite element analysis (FEA), and optimization & simulation. The FEA segment is projected to expand at a considerable CAGR during the forecast period attributed to analysis capability, which helps in determining the strength of the product and its reliability. On the other hand, the CFD segment is anticipated to account for a major market share during the forecast period owing to qualitative prediction of fluid flow using mathematical modeling and software tools.

Computer Aided Engineering Market by types

Automotive segment is anticipated to hold significant market share

On the basis of end-users, the global computer aided engineering market is segmented into industrial equipment, automotive, defense & aerospace, medical devices, electronics, and others. The automotive segment is anticipated to hold significant market share due to heat dissipation techniques such as ventilation, cooling, and aerodynamics. However, the defense & aerospace segment is expected to register a considerable CAGR during the forecast period attributed to the rise in government spending for the sector.

Europe is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe is expected to constitute a key share of the market during the projected period owing to the increasing automation in the manufacturing sector and presence of bio-diverse cultures of organizations in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to increase in government investments for expanding the capacity of renewable energy generation and the development of manufacturing sector in the region.

Computer Aided Engineering Market by regions

Segments

Segments Covered in the Report
The global computer aided engineering market has been segmented on the basis of

Deployments

  • Cloud-based
  • On-premise
Types
  • Computational Fluid Dynamics
  • Multibody Dynamics
  • Finite Element Analysis
  • Optimization & Simulation
End-users
  • Industrial Equipment
  • Automotive
  • Defense & Aerospace
  • Medical Devices
  • Electronics
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Bentley Systems, Inc.
  • Siemens AG
  • ANSYS, Inc.
  • Altair Engineering
  • Autodesk, Inc.
  • Dassault Systems
  • Exa Corporation
  • Mentor Graphics Corporation
  • ESI Group
  • MSC Software Corporation

Competitive Landscape

Key players competing in the global computer aided engineering market are Bentley Systems, Inc.; Siemens AG; ANSYS, Inc.; Altair Engineering; Autodesk, Inc.; Dassault Systems; Exa Corporation; Mentor Graphics Corporation; ESI Group; and MSC Software Corporation. As part of their efforts to grow their client base and acquire a competitive advantage over competitors, manufacturers operating in the market are adopting various strategic initiatives such as partnerships, collaborations, mergers & acquisitions, and new product development.

Computer Aided Engineering Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Computer Aided Engineering Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Computer Aided Engineering Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Computer Aided Engineering Market - Supply Chain
  4.5. Global Computer Aided Engineering Market Forecast
     4.5.1. Computer Aided Engineering Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Computer Aided Engineering Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Computer Aided Engineering Market Absolute $ Opportunity
5. Global Computer Aided Engineering Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Computer Aided Engineering Market Size and Volume Forecast by Types
     5.3.1. Computational Fluid Dynamics
     5.3.2. Multibody Dynamics
     5.3.3. Finite Element Analysis
     5.3.4. Optimization & Simulation
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Computer Aided Engineering Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Computer Aided Engineering Market Size and Volume Forecast by End Users
     6.3.1. Industrial Equipment
     6.3.2. Automotive
     6.3.3. Defense & Aerospace
     6.3.4. Medical Devices
     6.3.5. Electronics
     6.3.6. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Computer Aided Engineering Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Computer Aided Engineering Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Computer Aided Engineering Demand Share Forecast, 2019-2026
8. North America Computer Aided Engineering Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Computer Aided Engineering Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Computer Aided Engineering Market Size and Volume Forecast by Types
     8.4.1. Computational Fluid Dynamics
     8.4.2. Multibody Dynamics
     8.4.3. Finite Element Analysis
     8.4.4. Optimization & Simulation
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Computer Aided Engineering Market Size and Volume Forecast by End Users
     8.7.1. Industrial Equipment
     8.7.2. Automotive
     8.7.3. Defense & Aerospace
     8.7.4. Medical Devices
     8.7.5. Electronics
     8.7.6. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Computer Aided Engineering Demand Share Forecast, 2019-2026
9. Latin America Computer Aided Engineering Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Computer Aided Engineering Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Computer Aided Engineering Market Size and Volume Forecast by Types
     9.4.1. Computational Fluid Dynamics
     9.4.2. Multibody Dynamics
     9.4.3. Finite Element Analysis
     9.4.4. Optimization & Simulation
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Computer Aided Engineering Market Size and Volume Forecast by End Users
     9.7.1. Industrial Equipment
     9.7.2. Automotive
     9.7.3. Defense & Aerospace
     9.7.4. Medical Devices
     9.7.5. Electronics
     9.7.6. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Computer Aided Engineering Demand Share Forecast, 2019-2026
10. Europe Computer Aided Engineering Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Computer Aided Engineering Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Computer Aided Engineering Market Size and Volume Forecast by Types
     10.4.1. Computational Fluid Dynamics
     10.4.2. Multibody Dynamics
     10.4.3. Finite Element Analysis
     10.4.4. Optimization & Simulation
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Computer Aided Engineering Market Size and Volume Forecast by End Users
     10.7.1. Industrial Equipment
     10.7.2. Automotive
     10.7.3. Defense & Aerospace
     10.7.4. Medical Devices
     10.7.5. Electronics
     10.7.6. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Computer Aided Engineering Demand Share Forecast, 2019-2026
11. Asia Pacific Computer Aided Engineering Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Computer Aided Engineering Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Computer Aided Engineering Market Size and Volume Forecast by Types
     11.4.1. Computational Fluid Dynamics
     11.4.2. Multibody Dynamics
     11.4.3. Finite Element Analysis
     11.4.4. Optimization & Simulation
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Computer Aided Engineering Market Size and Volume Forecast by End Users
     11.7.1. Industrial Equipment
     11.7.2. Automotive
     11.7.3. Defense & Aerospace
     11.7.4. Medical Devices
     11.7.5. Electronics
     11.7.6. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Computer Aided Engineering Demand Share Forecast, 2019-2026
12. Middle East & Africa Computer Aided Engineering Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Computer Aided Engineering Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Computer Aided Engineering Market Size and Volume Forecast by Types
     12.4.1. Computational Fluid Dynamics
     12.4.2. Multibody Dynamics
     12.4.3. Finite Element Analysis
     12.4.4. Optimization & Simulation
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Computer Aided Engineering Market Size and Volume Forecast by End Users
     12.7.1. Industrial Equipment
     12.7.2. Automotive
     12.7.3. Defense & Aerospace
     12.7.4. Medical Devices
     12.7.5. Electronics
     12.7.6. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Computer Aided Engineering Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Computer Aided Engineering Market: Market Share Analysis
  13.2. Computer Aided Engineering Distributors and Customers
  13.3. Computer Aided Engineering Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Bentley Systems, Inc.
     13.4.2. Siemens AG
     13.4.3. ANSYS, Inc.
     13.4.4. Altair Engineering
     13.4.5. Autodesk, Inc.
     13.4.6. Dassault Systems
     13.4.7. Exa Corporation
     13.4.8. Mentor Graphics Corpor

Segments Covered in the Report
The global computer aided engineering market has been segmented on the basis of

Deployments

  • Cloud-based
  • On-premise
Types
  • Computational Fluid Dynamics
  • Multibody Dynamics
  • Finite Element Analysis
  • Optimization & Simulation
End-users
  • Industrial Equipment
  • Automotive
  • Defense & Aerospace
  • Medical Devices
  • Electronics
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Bentley Systems, Inc.
  • Siemens AG
  • ANSYS, Inc.
  • Altair Engineering
  • Autodesk, Inc.
  • Dassault Systems
  • Exa Corporation
  • Mentor Graphics Corporation
  • ESI Group
  • MSC Software Corporation

Key players competing in the global computer aided engineering market are Bentley Systems, Inc.; Siemens AG; ANSYS, Inc.; Altair Engineering; Autodesk, Inc.; Dassault Systems; Exa Corporation; Mentor Graphics Corporation; ESI Group; and MSC Software Corporation. As part of their efforts to grow their client base and acquire a competitive advantage over competitors, manufacturers operating in the market are adopting various strategic initiatives such as partnerships, collaborations, mergers & acquisitions, and new product development.

Computer Aided Engineering Market by key players

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