The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The computer-aided engineering (CAE) market has witnessed strong growth, rising from $8.97 billion in 2023 to $9.87 billion in 2024, with a compound annual growth rate (CAGR) of 10.0%. This growth is driven by advancements in computational power, globalization of engineering work, and increasing complexity in product design. Looking ahead, the market is expected to continue its strong growth, reaching $14.1 billion by 2028, with a CAGR of 9.3%.

Key Drivers: Expanding Automotive Industry

The expanding automotive industry is expected to drive the growth of the CAE market. CAE plays a crucial role in streamlining the design process, boosting product quality, and enhancing safety and fuel efficiency in the automotive sector. With increasing sales and production of passenger cars worldwide, the demand for CAE solutions is on the rise.

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Technological Advancements

Technological advancements in CAE are a key trend in the market, with companies introducing innovative products to improve efficiency. For example, Siemens AG launched Simcenter Femap, a simulation application that allows users to create, update, and evaluate finite element models of complicated goods or systems, enhancing product performance.

Recent Acquisition Driving Growth

In April 2021, Hexagon AB acquired CADLM SAS, a company that provides CAE with artificial intelligence (AI) and machine learning. This acquisition enhances Hexagon’s smart manufacturing solutions portfolio, improving product design innovation, manufacturing productivity, and environmental sustainability.

Market Segmentation and Regional Insights

The CAE market is segmented by type, deployment, and end-use. Europe was the largest region in the CAE market in 2023, indicating the region’s strong adoption of CAE technologies.

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The Computer Aided Engineering Global Market Report 2024  provides an overview of the computer aided engineering market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The computer aided engineering market forecast analyzes computer aided engineering market size, computer aided engineering market share, leading competitor and their market positions.

The Table Of Content For The Computer Aided Engineering Market Include:

1. Computer Aided Engineering Market Executive Summary
2. Computer Aided Engineering Market Segments
3. Computer Aided Engineering Market Size And Computer Aided Engineering Market Growth Rate
4. Key Computer Aided Engineering Market Trends
5. Major Computer Aided Engineering Market Drivers
……
25. Key Mergers And Acquisitions In The Computer Aided Engineering Market
26. Top Computer Aided Engineering Companies
27. Computer Aided Engineering Market Opportunities And Strategies
28. Computer Aided Engineering Market, Conclusions And Recommendations
29. Appendix

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