The size of the global computer-aided engineering market, which was estimated at USD 7.23 billion in 2022, is expected to increase from that amount to USD 17.68 billion by 2030, at a CAGR of 12.0%.
Computer-aided engineering (CAE) is the process of simulating performance using software to improve product designs or help engineers solve engineering problems for a variety of industries. It includes modeling, testing, and process improvement for manufacturing equipment, goods, and procedures. Additionally, the businesses are setting up a private cloud using the hyper-converged infrastructure (HCI) platform, which offers cutting-edge storage and computation services expected to fuel market expansion.
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Which company dominates the Global Computer-aided Engineering Market?
- 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.)
What are the factors driving the growth of the Computer-aided Engineering Market?
The increased use of digital technologies in product design, such as the Internet of Things (IoT), artificial intelligence (AI), machine learning (ML), automation, cloud computing, and others, contributes to improving the quality and longevity of the final product. Users are also implementing computer-aided engineering solutions, which are anticipated to spur market expansion, in order to reduce product development time cost.
What are the market's geographic insights for the Computer-aided Engineering Market?
The market is segmented geographically into five major areas: North America, Europe, South America, Asia Pacific, and the Middle East and Africa. They are further segmented into countries.
The largest market share in 2021 was held by Europe. Further expected market growth is the presence of major market players across European nations. The demand for computer-aided engineering is likely to be fueled by the fact that the automotive industry is a major sector in Europe. In order to reduce production costs, connected car providers and the growing number of virtual vehicle developers are making significant investments in solid engineering tools.
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An overview of the report
- The report comprehensively analyzes recent and anticipated market trends to help investors find investment opportunities.
- Market predictions through 2030, starting from estimated market values
- Market trends that are significant across industries, regions, and countries
- Market strategies and significant developments observed
- Market dynamics like drivers, obstacles, opportunities, and other trends require
- comprehensive company profiles of significant players, both established and emerging
- Emerging economies are anticipated to grow through 2030.
Analysts have segmented the "Computer-aided Engineering Market" into application, type, and regional segments to aid market participants in better understanding the market. Each element clearly demonstrates the variables that are most likely to have an impact on it and the variables that are anticipated to have a limit. The reader can access specific market updates thanks to the segmented explanation. The market research report on Computer-aided Engineering Market Trends also discusses evolving environmental concerns, shifting political environments, and various government approaches to regulatory reforms.
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