CAE Market was valued at USD 6.78 Billion in 2022 and is projected to reach USD 11.04 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The Computer-Aided Engineering (CAE) market has experienced significant growth from 2018 to 2022, driven by advancements in simulation software and increasing demand across various industries. In 2022, the global CAE market was valued at approximately USD 9.16 billion and is projected to reach USD 10.18 billion in 2023, reflecting a compound annual growth rate (CAGR) of 12.6% from 2023 to 2030, with expectations to reach USD 23.41 billion by 2030. This growth is attributed to the rising adoption of CAE tools in sectors such as automotive, aerospace, and electronics, where simulation software is utilized to enhance product development processes and reduce time-to-market. The automotive industry, in particular, held a market share of 29.92% in 2022, underscoring its significant contribution to the CAE market. Additionally, the on-premise deployment model dominated the market with a share exceeding 64%, indicating a preference for in-house solutions among organizations. North America led the CAE market with a share of 33.15% in 2022, driven by technological advancements and increased defense expenditures in the region.
Looking ahead, the demand for CAE solutions is expected to continue its upward trajectory from 2023 to 2033. The integration of emerging technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) is anticipated to further propel the CAE market. These technologies enable more sophisticated simulations and predictive analyses, enhancing the capabilities of CAE tools. The automotive industry is expected to maintain its dominance, with a projected CAGR of 12.8% from 2023 to 2030, driven by the increasing complexity of vehicle designs and the need for advanced simulation tools to ensure safety and performance. The aerospace sector is also poised for significant growth, with the defense and aerospace end-use segment expected to witness the highest growth rate over the forecast period, owing to the increasing use of CAE software. Furthermore, the Asia Pacific region is projected to experience exponential growth, with a CAGR of 13.4%, driven by rapid industrialization and the growing adoption of advanced engineering tools in countries like China, India, and Japan.
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ANSYS
Dassault Systèmes
Hexagon
PTC
Siemens PLM Software
Altair
Applied Math Modeling
Ceetron
COMSOL
ESI
Exa
NUMECA
Simerics
Symscape
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global CAE Market
Automotive Market
Based on Types the Market is categorized into Below types that held the largest CAE market share In 2023.
Finite Element Analysis (FEA)
Computational Fluid Dynamics (CFD)
Multibody Dynamics
Optimization & Simulation
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global CAE Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global CAE Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global CAE Market, By Type
6. Global CAE Market, By Application
7. Global CAE Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global CAE Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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