Computer Aided Engineering Market size is anticipated to reach USD 19.19 billion by 2030

 Computer Aided Engineering Industry Overview

The global computer aided engineering market size was valued at USD 8,904.2 million in 2021 and is expected to expand at a CAGR of 8.8% from 2022 to 2030, owing to the increased outsourcing of manufacturing processes to emerging economies such as China, India, and Russia, among others.

The computer aided engineering (CAE) market is poised for unprecedented growth during the forecast period, as integrated software solutions eliminate the need for multiple prototypes and product recall concerns. As a result, the cost associated with prototyping and product recall strategy is highly reduced. Moreover, the increasing use of CFD software for analyzing temperature in battery modules and extending battery life & performance is anticipated to drive the market growth. 

 

Gather more insights about the market drivers, restrains and growth of the Global Computer Aided Engineering Market

 

The market all over the globe is witnessing a drastic shift from on-premise computing to cloud-based computing. Cloud computing reduces costs related to hardware acquisition and software licensing, installation, and support. This is further expected to increase the use of the CAE software. Additionally, companies are adopting the Hyper-Converged Infrastructure (HCI) platform for building a private cloud that enables advanced computation and storage services.

 

Customers are increasingly quantifying their software contributions. As a result, companies are willing to pay high license fees for the software that supports low-value processes. They are developing alternating pricing and delivering models, alike Software as a Service (SaaS) pricing models, enabling customers to opt for a pay-as-you-go subscription plan. However, the new pricing model is expected to affect the software providers’ cash flow, revenue recognition, and finance.

The market for value added resellers (VAR) is expected to have significant growth over the projected period. VARs will help in reducing the gap between the end-users and suppliers. VARs receive certifications and training from suppliers to increase their credibility. As a result, the growth of VARs is expected to have a positive effect on the growth of the computer aided engineering market over the forecast period.

The outbreak of the COVID-19 pandemic has resulted in higher demand for Personal Protective Equipment (PPE) kits, ventilators & respirators, and face shield holders. This has led several companies to leverage Additive Manufacturing Technology, CFD analysis, and CAD model with a 3D printing platform to develop and supply this lifesaving equipment. The use of CAE combined with proper knowledge can help bring in rapid and practical solutions to elucidate real-life issues quickly and efficiently.

 

Browse through Grand View Research's Next Generation Technologies Industry Research Reports

  • Manufacturing Operations Management Software Market: The global manufacturing operations management software market size was evaluated at USD 15,249.4 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.9% from 2023 to 2030.
  • Education Technology Market: The global education technology market size was valued at USD 123.40 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 13.6% from 2023 to 2030. 

 

Key Companies Profile

Some of the prominent players in the global computer aided engineering market include:

  • ANSYS, Inc.  
  • Altair Engineering
  • Autodesk, Inc.
  • Bentley Systems, Inc.
  • Dassault Systemes
  • ESI Group
  • Exa Corporation
  • Mentor Graphics Corporation (A subsidiary of Siemens AG)
  • MSC Software Corporation (A subsidiary of Hexagon AB)
  • Siemens AG

 

Order a free sample PDF of Computer Aided Engineering Market Intelligence Study, published by Grand View Research.

 

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