Computer Aided Engineering Market: Impact Of AI And Machine Learning On Engineering Solutions

The global Computer-Aided Engineering (CAE) market is experiencing significant growth, projected to reach a value of USD 10,175.4 million in 2023. This market is set to expand at a Compound Annual Growth Rate (CAGR) of 12.8% from 2024 to 2030. This growth is primarily driven by the outsourcing of manufacturing processes to emerging economies like China, India, and Russia.

The increasing adoption of integrated CAE software solutions is a major factor contributing to this growth. These solutions eliminate the need for multiple physical prototypes, significantly reducing costs associated with prototyping and product recalls. Additionally, the rising use of Computational Fluid Dynamics (CFD) software for analyzing battery module temperatures and enhancing battery life and performance is further propelling market growth.

Gather more insights about the market drivers, restrains and growth of the Computer Aided Engineering Market 

Regional Insights:

North America  Computer Aided Engineering Market Trends

Asia Pacific Computer Aided Engineering Market Trends

The Asia-Pacific regional market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 13.4% during the forecast period. This expansion is driven by increasing government investments in manufacturing sector development and renewable energy capacity expansion. Additionally, the growing automation of industrial equipment is expected to fuel industry demand.

China CAE market
The CAE market in Chinaaccounted for a revenue share of more than 16% in the Asia Pacific market. The revenue share can be attributed to the rapid industrialization and manufacturing expansion leading to increased demand for CAE in various sectors.

India CAE market
The CAE market in Indiaaccounted for a revenue share of more than 10% in the Asia Pacific market. The revenue share can be attributed to the shift towards digital engineering and simulation-driven design accelerating the adoption of CAE technologies.

Japan CAE market
The growth of the CAE market in Japan can be attributed to the emphasis on precision engineering and high-quality manufacturing boosting the demand for CAE solutions.

Europe Computer Aided Engineering Market Trends

U.K. CAE market
The CAE Market in the U.K.accounted for a revenue share of 20.96% in the European market. The growth can be attributed to the strong automotive and aerospace industries driving demand for advanced simulation and design tools.

France CAE Market
The CAE Market in Franceaccounted for a revenue share of 16.13% in the European market. The revenue share can be attributed to the government support for technological innovation and digitalization boosting CAE market growth.

Germany CAE market
The CAE Market in Germanyaccounted for a revenue share of 28%. The revenue share can be attributed to the dominant automotive manufacturing sector utilizing CAE for product design, testing, and optimization.

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Key Companies & Market Share Insights

Some of the key players operating in the market include Siemens Group, and Rockwell Automation among others.

• Siemens Group is a multinational conglomerate comprising Siemens AG as the parent company and its subsidiaries. The company has several production facilities, sales offices, distribution centers, and R&D centers located across the globe. Siemens Group operates through various divisions, including gas & power, energy management, wind power & renewable, mobility, digital factory, process industries, building technology, power generation services, healthcare, and financial services.

• Rockwell Automation specializes in delivering a comprehensive range of industrial automation power, control, and information systems. The company's extensive offerings include connected components, asset and consultancy management, midrange architecture systems, front-end engineering and design, engineered packages and panels integration, manufacturing intelligence, integration services, and on-machines solutions.

Key Companies 

• ANSYS, Inc.
• Altair Engineering
• Autodesk, Inc.
• Bentley Systems, Inc.
• Dassault Systemes
• ESI Group
• Exa Corporation
• Mentor Graphics Corporation (A subsidiary of Siemens AG)
• Hexagon AB
• Siemens

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