PUBLISHER: Market Research Future | PRODUCT CODE: 1830038
PUBLISHER: Market Research Future | PRODUCT CODE: 1830038
Global Computer-Aided Engineering Market Research Report Information by Component (Software, Services), by Deployment Model (On-premise Solutions, Cloud-based Solutions, Hybrid Solutions), by Simulation Type (Static Simulation, Dynamic Simulation, Linear & Nonlinear Simulation, Real-time Simulation), by Technology [Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics (MBD), Discrete Element Method (DEM), Smoothed Particle Hydrodynamics (SPH), Boundary Element Method (BEM), Meshless Methods], by End-User Industry (Automotive, Aerospace & Defense, Electronics, Energy & Utilities, Healthcare & Medical Devices, Consumer Goods, Industrial Equipment, Transportation, Mining, Infrastructure, Others), and by Region (North America, Europe, Asia Pacific, South America, MEA) Forecast till 2035
Industry Overview
The global computer-aided engineering market size is expected to hit USD 28,787.42 million, with a 9.3% CAGR by the end of 2035. CAE refers to the application of software tools that assist in engineering analysis, including structural, thermal, and fluid simulations. By using CAE, companies can shorten development cycles, minimize costs, and enhance product quality.
The global CAE market is driven by the increased focus on the implementation of automated processes and simulation-based design methodologies that are widely used. Organizations in automotive, aerospace, defense, and electronics are turning to simulation as a way of achieving cost reductions in prototyping, speeding up time-to-market, and meeting the stringent regulatory standards. The trend of outsourcing, together with government policies, is, for example, the US Department of Defense initiative that gives support to the use of simulation in defense systems, which are the factors that are leading to enhanced utilization.
Major Company Development
One of the most important and recent events that SimScale has held is the launch of cloud-based CAE software in June 2024, which made the company achieve high innovation ranks. In December 2024, it formed a partnership with PTC to support startups and established ties with Hexagon to offer nonlinear analysis solutions. Its May 2021 launch of CAD editing streamlined geometry modifications within the platform, while the March 2020 rollout enhanced enterprise collaboration with multi-user licensing. These steps reinforce SimScale's commitment to accelerating design and engineering through simulation-driven technology.
Major players in the global computer-aided engineering market include Siemens AG, Autodesk Inc., Hexagon AB, Dassault Systemes, PTC Software, Bentley Systems, Inc., ESI Group, Aveva Group, and SimScale.
Report Attribute Details
Industry Segmentations
Innovations covered in software and a broad user adoption across the manufacturing, automotive, aerospace, and electronics sectors are a major source of the rapid growth of the CAE market in North America. Prices of technologies, along with the current shortage of the talent pool, still present obstacles to the market. In 2024, the U.S. accounted for USD 2,639.7 million in CAE revenue, with Canada adding USD 341.6 million to the regional market.
Europe still holds the position of the major center of computer-aided engineering (CAE) innovations, especially with the emphasis on the advanced simulations for driverless cars, electric vehicles, and lightweight materials. The European market is anchored by Germany at USD 1,017.7 million, alongside notable contributions from the UK (USD 653.3 million) and France (USD 522.6 million).
The geographical area of the Asia Pacific is seeing a large increase in the use of computer-aided engineering (CAE), which is mostly due to the trend of Industry 4.0 and the requirement for virtual prototyping in automotive, aerospace, and electronics industries. China remains the largest CAE market in Asia-Pacific with USD 1,866.7 million, while Japan reported USD 549.0 million.
South America is seeing steady progress in the adoption of CAE, particularly in the automotive and aerospace sectors. AETHRA Componentes Automotivos in Brazil demonstrates the trend, relying on CAE tools to improve component precision, reduce development time, and enhance product performance. Cloud-based CAE solutions are playing an important role in making advanced capabilities scalable and affordable for regional enterprises.
The Middle East & Africa market for CAE is gradually growing, supported by AI-based tools and the region's rapid infrastructure development. Aerospace and automotive industries are major adopters, with CAE Inc. providing flight simulators and pilot training to leading airlines, including Emirates. High software costs continue to restrict broader use, especially for smaller firms.