Computer Aided Engineering Industry expected to grow at a CAGR of 12.8% from 2024 to 2030
Computer Aided Engineering Industry Overview The global computer aided engineering market size was valued at USD 10,175.4 million in 2023 and is expected to grow at a CAGR of 12.8% from 2024 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 Computer Aided Engineering Market The market all over the globe is witn...