Computer Aided Engineering Market Players And Industry Forecasts Till, 2022 - 2030.

The global computer aided engineering market size is anticipated to reach USD 19.19 billion by 2030, registering a CAGR of 8.8%, according to a new report by Grand View Research, Inc. Rapid growth of the wearable industry is likely to increase the use of CAE software in the electronics industry. The major players in the market are in search of new sources of revenue as the smartphone market is in the maturity stage. As a result, the demand for wearable technology has increased the demand during the forecast period.

The growing penetration of IoT, tablets, and smartphones is expected to boost the CAE market growth. Owing to the growth of IoT, wearable devices, used in the fields of medicine, fitness, transportation, education, entertainment, and gaming, are increasing; paving way for the growth of the CAE market. Miniaturization of electronic devices and sensors and persuasive connectivity with lowered costs have immensely contributed to the growth of wearable technology devices.

Computer Aided Engineering Market Segmentation

Grand View Research has segmented the global CAE market based on type, deployment model, end-use, and region:

Based on the Type Insights, the market is segmented into Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody dynamics and Optimization & simulation.

• The industry is segmented into Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), multibody dynamics, and optimization & simulation. In 2021, the FEA segment accounted for a market share of more than 50.91% and is anticipated to dominate the market during the forecast period.
• Computational fluid dynamics involves the qualitative prediction of fluid flow using mathematical modeling and software tools. CFD is used in analyzing turbulence, flow, and pressure distribution of gasses & liquids and their interaction with different structures.
• The multibody dynamic analysis is of two types: Inverse dynamics and forward dynamics. Forward dynamics analysis is the movement of individual components by the application of external forces. Inverse dynamics involves the analysis of forces to move the system in a specific way.

Based on the Deployment Model Insights, the market is segmented into On-premise and Cloud Based.

• The on-premise segment held a market share exceeding 66.02% in the global market and is expected to exhibit a CAGR of nearly 6.7% from 2022 to 2030. The software industry is a fast-paced industry and timely development and introduction of products to the market are vital to a firm’s success.
• Cloud computing offers easy access to data, vast space for data storage, and security. Moreover, cloud-based CAE, offered as a Software-as-a-Service (SaaS), renders application-specific solutions to the CAE users.
• Cloud-based deployment enables faster distribution, minimal maintenance, reduction in cost, and increase in scalability. Although the on-premise software implementation increased the software deployment cost along with up-gradation costs, the on-premise software installation held a significant share in the market in 2021.

Based on the End-use Insights, the market is segmented into Automotive, Defense & aerospace, Electronics, Medical devices and Industrial equipment and Others.

• The industry is segmented into defense & aerospace, automotive, electronics, medical devices, industrial equipment, and others. In 2021, the automotive end-use industry held the largest market share of 30.05% in the global market and is expected to exhibit a CAGR of nearly 7.4% from 2022 to 2030.
• The growing government spending in the defense & aerospace segment, for modernizing anti-terror equipment and mitigating security lapses, is anticipated to increase the growth of the segment.
• The medical imaging market is gaining traction in the market owing to its efficiency in diagnosing complex medical conditions. The rising prevalence of critical and chronic diseases, such as cardiovascular diseases & cancer, and increasing awareness of early diagnosis are the key factors driving the demand for imaging systems in healthcare facilities.

Computer Aided Engineering Regional Outlook

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

A few of the major industry players include Autodesk, Inc., Dassault Systemes, MSC Software Corporation, and Siemens AG. The industry players are constantly investing in R&D to develop differentiated products and stay ahead of the competition. Companies are obtaining new software technologies through mergers & acquisitions. They are aiming to create a strong customer base by investing in sales and marketing. With an established customer base, the existing players are constantly improving products through R&D; restricting start-ups and small companies from penetrating the market.

Some 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 the in Computer Aided Engineering Market Intelligence Study, published by Grand View Research.