The global computer-aided engineering market is currently witnessing strong growth. Computer-aided engineering (CAE) refers to the process of developing and simulating the performance of a product using software and virtual tools. It enables the developer to improve the product design and performance while resolving various engineering problems. CAE involves the replication of a product’s physical properties and performing thermal and finite element analysis, and multiple optimizations. It also supports faster product development by eliminating the need for building physical prototypes in early developmental stages. Owing to these benefits, CAE finds extensive applicability across the automotive, aerospace, plant engineering, electronics, energy and healthcare industries.
The growing integration of computer-aided drafting (CAD) with CAE, along with the increasing cloud deployment of software, represent as the key factors driving the growth of the market. The CAD technology aids in the timely calculation of stress distribution and deformations in a product without influencing the modeling process. Furthermore, user-friendly technological advancements in the CAE software have enabled developers and designers to upload their analysis on the cloud platform, which offers increased mobility and significant cost reductions. The rapid growth of the smart and wearable device industry, along with the increasing penetration rate of internet services, is also creating a positive outlook for the market. The increasing usage of smartphones, tablets and smartwatches is further favoring the widespread acceptance of CAE for medicinal, fitness, transportation, education and entertainment purposes. Moreover, advancements in the automotive sector, including the advent of driverless and semi-autonomous cars, which use the technology for collision avoidance, parking assistance systems and interactive infotainment systems, are projected to drive the market further. Looking forward, IMARC Group expects the market to witness moderate growth during 2020-2025.
Breakup by Type:
- Finite Element Analysis (FEA)
- Computational Fluid Dynamics (CFD)
- Multibody Dynamics
- Optimization & Simulation
Breakup by Deployment Type:
Breakup by End-Use Industry:
- Automotive
- Defense & Aerospace
- Electronics
- Medical Devices
- Industrial Equipment
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Altair Engineering Inc., Ansys Inc., Aspen Technology Inc., Autodesk Inc., BenQ Asia Pacific Corp., Bentley Systems Inc., Casio Computer Co. Ltd., Dassault Systemes, ESI Group, Exa Corporation, Mentor Graphics Corporation, MSC Software Corporation, NUMECA International, Seiko Epson Corporation, Siemens Digital Industries Software, etc.
Key Questions Answered in This Report
The global computer-aided engineering market was worth around US$ 6.9 Billion in 2019.
According to the estimates by IMARC Group, the global computer-aided engineering market will exhibit moderate growth during the next five years.
The changing consumer inclination from on-premises computing solutions towards cloud-based advanced variants represents one of the key drivers for global computer-aided engineering market.
Sudden outbreak of the COVID-19 pandemic had catalyzed the adoption of AI-based, automated devices to mitigate the risk of coronavirus transmission upon human interaction, thereby propelling the growth of computer-aided engineering market.
On the basis of the type, the market has been divided into Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), multibody dynamics, and optimization and simulation. Amongst these, Finite Element Analysis (FEA) holds the largest market share.
On the basis of the development type, the market has been bifurcated into on-premises and cloud-based. Among these, on-premises hold the majority of market share.
On the basis of the end-use industry, the market has been classified into automotive, defense and aerospace, electronics, medical devices, industrial equipment, and others. Currently, automotive industry holds the majority of market share.
The emergence of driverless and semi-autonomous cars with parking assistance systems and collision avoidance systems that utilize computer-aided engineering solutions, represents one of the key trends in the global computer-aided engineering market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Europe dominates the global market.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Computer-Aided Engineering Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Finite Element Analysis (FEA)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Computational Fluid Dynamics (CFD)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Multibody Dynamics
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Optimization & Simulation
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Deployment Type
7.1 On-Premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End-Use Industry
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Defense & Aerospace
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Medical Devices
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Industrial Equipment
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Altair Engineering Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.2 Ansys Inc.
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.2.4 SWOT Analysis
13.3.3 Aspen Technology Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.3.4 SWOT Analysis
13.3.4 Autodesk Inc.
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 BenQ Asia Pacific Corp.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Bentley Systems Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Casio Computer Co. Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.7.4 SWOT Analysis
13.3.8 Dassault Systemes
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9 ESI Group
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.9.3 Financials
13.3.9.4 SWOT Analysis
13.3.10 Exa Corporation
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Mentor Graphics Corporation
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.11.3 SWOT Analysis
13.3.12 MSC Software Corporation
13.3.12.1 Company Overview
13.3.12.2 Product Portfolio
13.3.13 NUMECA International
13.3.13.1 Company Overview
13.3.13.2 Product Portfolio
13.3.13.3 Financials
13.3.14 Seiko Epson Corporation
13.3.14.1 Company Overview
13.3.14.2 Product Portfolio
13.3.14.3 Financials
13.3.14.4 SWOT Analysis
13.3.15 Siemens Digital Industries Software
13.3.15.1 Company Overview
13.3.15.2 Product Portfolio
List of Figures
Figure 1: Global: Computer-Aided Engineering Market: Major Drivers and Challenges
Figure 2: Global: Computer-Aided Engineering Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Computer-Aided Engineering Market: Breakup by Type (in %), 2019
Figure 4: Global: Computer-Aided Engineering Market: Breakup by Deployment Type (in %), 2019
Figure 5: Global: Computer-Aided Engineering Market: Breakup by End-Use Industry (in %), 2019
Figure 6: Global: Computer-Aided Engineering Market: Breakup by Region (in %), 2019
Figure 7: Global: Computer-Aided Engineering Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Computer-Aided Engineering (Finite Element Analysis) Market: Sales Value (in Million US$), 2014 & 2019
Figure 9: Global: Computer-Aided Engineering (Finite Element Analysis) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 10: Global: Computer-Aided Engineering (Computational Fluid Dynamics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Computer-Aided Engineering (Computational Fluid Dynamics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Computer-Aided Engineering (Multibody Dynamics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Computer-Aided Engineering (Multibody Dynamics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Computer-Aided Engineering (Optimization & Simulation) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Computer-Aided Engineering (Optimization & Simulation) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Computer-Aided Engineering (On-Premises) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Computer-Aided Engineering (On-Premises) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Computer-Aided Engineering (Cloud-based) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Computer-Aided Engineering (Cloud-based) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Computer-Aided Engineering (Automotive) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Computer-Aided Engineering (Automotive) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Computer-Aided Engineering (Defense & Aerospace) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Computer-Aided Engineering (Defense & Aerospace) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Computer-Aided Engineering (Electronics) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Computer-Aided Engineering (Electronics) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Computer-Aided Engineering (Medical Devices) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Computer-Aided Engineering (Medical Devices) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Computer-Aided Engineering (Industrial Equipment) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Computer-Aided Engineering (Industrial Equipment) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Computer-Aided Engineering (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Computer-Aided Engineering (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: North America: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: North America: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: United States: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: United States: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Canada: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Canada: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Asia Pacific: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Asia Pacific: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: China: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: China: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Japan: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Japan: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: India: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: India: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: South Korea: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: South Korea: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Australia: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Australia: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: Indonesia: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: Indonesia: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: Others: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: Others: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Europe: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Europe: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Germany: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Germany: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: France: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: France: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: United Kingdom: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: United Kingdom: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: Italy: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: Italy: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: Spain: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: Spain: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Russia: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Russia: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Others: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Others: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Latin America: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Latin America: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Brazil: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Brazil: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Mexico: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Mexico: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: Others: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: Others: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: Middle East and Africa: Computer-Aided Engineering Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: Middle East and Africa: Computer-Aided Engineering Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Global: Computer-Aided Engineering Industry: SWOT Analysis
Figure 81: Global: Computer-Aided Engineering Industry: Value Chain Analysis
Figure 82: Global: Computer-Aided Engineering Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Computer-Aided Engineering Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Computer-Aided Engineering Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Computer-Aided Engineering Market Forecast: Breakup by Deployment Type (in Million US$), 2020-2025
Table 4: Global: Computer-Aided Engineering Market Forecast: Breakup by End-Use Industry (in Million US$), 2020-2025
Table 5: Global: Computer-Aided Engineering Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Computer-Aided Engineering Market: Competitive Structure
Table 7: Global: Computer-Aided Engineering Market: Key Players