The size of the global market for computer-aided engineering was estimated at USD 7.23 billion in 2022 and is anticipated to increase from USD 8.01 billion in 2023 to USD 17.68 billion by 2030, at a CAGR of 12.0%.
Computer-aided engineering (CAE) is the practice of using software to simulate performance to improve product designs or help with the resolution of engineering problems for a variety of sectors. It addresses the modeling, verification, and enhancement of manufacturing equipment, goods, and procedures. Additionally, the companies are putting the hyper-converged infrastructure (HCI) platform to use in building a private cloud that offers cutting-edge computing and storage services that are expected to drive market expansion. Additionally, the market is anticipated to grow as a result of the increased use of computational fluid dynamics (CFD) software for assessing temperature and performance as well as extending battery life in battery units.
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DEMANDING INDUSTRY PLAYERS
There exists a thriving startup ecosystem on the global market. It is anticipated that over 100 startups will create and innovate computer-aided engineering solutions for consumers in the market. Such a market is anticipated to generate fierce competition, necessitating ongoing product updates and implementation by existing businesses.
The companies that follow are a few of the significant businesses profiled:
- 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.)
The "Computer-aided Engineering Market Report 2030" from Fortune Business Insights is an in-depth overview of the market that covers over 60 geographies and provides high-level market segmentation for each one. The market in each geography is examined, along with market size by region and country, in the section on regional and national breakdowns. Additionally, it assesses the market's past and anticipated growth and highlights important trends and corporate expansion tactics.
SCOPE AND SEGMENTATION ASSOCIATED WITH THE REPORT
By Deployment:
- Cloud
- On-premise
By Region
- (The United States and Canada)
- Europe (the United Kingdom, Germany, France, Italy, and the rest of the continent)
- Asia-Pacific (including Southeast Asia, China, India, Japan, and the rest of the region)
- Latin America (including Brazil, Mexico, and the remainder of the region)
- South Africa, the Gulf Cooperation Council, and the rest of the Middle East and Africa
The study examines several crucial elements to comprehend the market, such as the most recent market dynamics, growth potential, and development trends, as well as market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering short- and long-term market forecasts, the study provides an analytical stance on the pertinent global market sector.
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What insights does the Computer-aided Engineering Market report provide to readers?
- Computer-aided Engineering Market Fragmentation Based on Product Type, End User, and Region
- Comprehensive assessment of upstream starting materials, downstream demand, and the present market landscape.
- Collaborations, RD projects, acquisitions, and product launches of each player in the Computer-aided Engineering Market
- The various rules governments have placed on using the Computer-aided Engineering Market are described in detail.
The inspirations for investing in this report
- The research provides a detailed market overview by defining, describing, and classifying it.
- The study includes the SWOT analysis and business plans of each vendor in the industry.
- The report provides in-depth analyses of current market trends, trend forecasts, and growth drivers.
- The study thoroughly analyzes the business's competitive landscape and significant market strategies.
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