Computer Aided Engineering (CAE) Software Market by Product Type, End-Users, & Geography (North America, Europe, Asia Pacific, Latin America, & the Middle East & Africa): Global Industry Analysis, Size, Share, Growth, Trends, & Forecast, 2023-2030

Description

Persistence Market Research has recently published an in-depth analysis of the global computer aided engineering (CAE) software market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the computer aided engineering (CAE) software market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.

The global computer aided engineering (CAE) software market is forecast to expand at a CAGR of 12.3% and thereby increase from a value of US$9.8 Bn in 2023, to US$22.2 Bn by the end of 2030.

Key Insights:

CAE Software Market Size (2023E): USD 9.8 Billion

Projected Market Value (2030F): USD 22.2 Billion

Global Market Growth Rate (CAGR 2023 to 2030): 12.3%

Historical Market Growth Rate (CAGR 2018 to 2022): 7.8%

CAE Software Market - Report Scope:

Computer Aided Engineering (CAE) software facilitates virtual product development and simulation, enabling engineers to analyze, design, and optimize products and processes before physical prototypes are built. CAE tools encompass a wide range of applications, including finite element analysis (FEA), computational fluid dynamics (CFD), multibody dynamics (MBD), and optimization algorithms. Market growth is driven by increasing adoption of simulation-driven design practices across industries such as automotive, aerospace, manufacturing, and healthcare. Advancements in CAE software, coupled with growing demand for product innovation and performance optimization, are fueling market expansion.

Market Growth Drivers:

The global CAE software market is propelled by several factors, including the rising complexity of product designs, stringent regulatory requirements, and the need for cost-effective product development processes. CAE tools enable engineers to evaluate design alternatives, predict product performance under different operating conditions, and optimize designs to meet performance, cost, and regulatory requirements. Growing emphasis on sustainability, safety, and reliability further drives demand for simulation-driven design practices, driving market growth across diverse industry verticals.

Market Restraints:

Despite robust growth prospects, the CAE software market faces challenges related to high implementation costs, complexity of software interfaces, and shortage of skilled CAE professionals. Integrating CAE tools into existing product development workflows requires substantial investments in software licenses, hardware infrastructure, and employee training. Moreover, complex software interfaces and steep learning curves pose usability challenges for engineers, hindering widespread adoption of CAE tools, particularly among small and medium-sized enterprises (SMEs). Addressing these challenges necessitates industry-wide collaboration and investments in user-friendly CAE software solutions and training programs.

Market Opportunities:

The CAE software market presents significant growth opportunities driven by technological advancements, industry convergence, and emerging application areas. The proliferation of cloud-based CAE platforms, coupled with advancements in high-performance computing (HPC) and parallel processing technologies, enables real-time simulation and collaboration across distributed teams. Moreover, the integration of artificial intelligence (AI), machine learning (ML), and optimization algorithms into CAE software enhances predictive modeling capabilities and automates design optimization processes, unlocking new possibilities for innovation and efficiency in product development.

Key Questions Answered in the Report:

What are the key factors driving the growth of the CAE software market?
Which industry verticals are driving the demand for CAE software solutions?
How are technological advancements reshaping the competitive landscape of the CAE software market?
Who are the leading players in the global CAE software market?
What are the emerging trends and future prospects in the global CAE software market?

Competitive Intelligence and Business Strategy:

Leading players in the global CAE software market, including Siemens PLM Software, ANSYS Inc., Dassault Systemes, Altair Engineering Inc., and MSC Software Corporation, focus on product innovation, strategic partnerships, and mergers and acquisitions to gain a competitive edge. These companies invest significantly in research and development to introduce advanced CAE software solutions that address evolving customer needs and industry trends. Collaborations with industry partners, academic institutions, and research organizations enable market players to expand their product portfolios, enhance technical capabilities, and accelerate market penetration. Moreover, emphasis on customer-centric approaches, professional services, and training programs strengthens brand loyalty and fosters long-term relationships with customers in the highly competitive CAE software market.

Key Companies Profiled:
Siemens PLM Software
ANSYS Inc.
Dassault Systemes
Altair Engineering Inc.
MSC Software Corporation
Autodesk Inc.
Hexagon AB (MSC Software)
ESI Group
COMSOL Inc.

CD-adapco (Siemens PLM Software)

CAE Software Market Research Segmentation:

CAE software solutions encompass a diverse range of products and applications tailored to specific engineering disciplines and industry verticals. The market segmentation includes variations in software, deployment models, and end-user sectors.

By Software:
Software

Finite Element Analysis (FEA)

Computational Fluid Dynamics (CFD)

Multibody dynamics
Optimization & simulation
Services
Development Service

Training, Support & Maintenance

By Deployment:
On-Premises
Cloud-Based
By End-use Industry:
Automotive
Defense & Aerospace
Electronics
Medical Devices
Industrial Equipment
Others
By Region:
North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33627

1. Executive Summary

1.1. Global Computer Aided Engineering (CAE) Software Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Software Lifecycle Analysis
2.4. Computer Aided Engineering (CAE) Software Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Computer Aided Engineering (CAE) Software Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Computer Aided Engineering (CAE) Software Market Outlook: Software
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Software, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Software, 2023 - 2030
  - 3.3.3.1. Software
    - 3.3.3.1.1. Finite Element Analysis (FEA)
    - 3.3.3.1.2. Computational Fluid Dynamics (CFD)
    - 3.3.3.1.3. Multibody dynamics
    - 3.3.3.1.4. Optimization & simulation
  - 3.3.3.2. Services
    - 3.3.3.2.1. Development Service
    - 3.3.3.2.2. Training, Support & Maintenance
3.4. Market Attractiveness Analysis: Software
3.5. Global Computer Aided Engineering (CAE) Software Market Outlook: Deployment
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Deployment, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Deployment, 2023 - 2030
  - 3.5.3.1. On-Premise
  - 3.5.3.2. Cloud-Based
3.6. Market Attractiveness Analysis: Deployment
3.7. Global Computer Aided Engineering (CAE) Software Market Outlook: End-use Industry
- 3.7.1. Introduction / Key Findings
- 3.7.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By End-use Industry, 2018 - 2022
- 3.7.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
  - 3.7.3.1. Automotive
  - 3.7.3.2. Defense & aerospace
  - 3.7.3.3. Electronics
  - 3.7.3.4. Medical devices
  - 3.7.3.5. Industrial equipment
  - 3.7.3.6. Others
3.8. Market Attractiveness Analysis: End-use Industry

4. Global Computer Aided Engineering (CAE) Software Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Computer Aided Engineering (CAE) Software Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Software
- 5.3.3. By Deployment
- 5.3.4. By End-use Industry
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Software, 2023 - 2030
- 5.5.1. Software
  - 5.5.1.1. Finite Element Analysis (FEA)
  - 5.5.1.2. Computational Fluid Dynamics (CFD)
  - 5.5.1.3. Multibody dynamics
  - 5.5.1.4. Optimization & simulation
- 5.5.2. Services
  - 5.5.2.1. Development Service
  - 5.5.2.2. Training, Support & Maintenance
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Deployment, 2023 - 2030
- 5.6.1. On-Premise
- 5.6.2. Cloud-Based
5.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 5.7.1. Automotive
- 5.7.2. Defense & aerospace
- 5.7.3. Electronics
- 5.7.4. Medical devices
- 5.7.5. Industrial equipment
- 5.7.6. Others
5.8. Market Attractiveness Analysis

6. Europe Computer Aided Engineering (CAE) Software Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Software
- 6.3.3. By Deployment
- 6.3.4. By End-use Industry
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Software, 2023 - 2030
- 6.5.1. Software
  - 6.5.1.1. Finite Element Analysis (FEA)
  - 6.5.1.2. Computational Fluid Dynamics (CFD)
  - 6.5.1.3. Multibody dynamics
  - 6.5.1.4. Optimization & simulation
- 6.5.2. Services
  - 6.5.2.1. Development Service
- 6.5.3. Training, Support & Maintenance
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Deployment, 2023 - 2030
- 6.6.1. On-Premise
- 6.6.2. Cloud-Based
6.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 6.7.1. Automotive
- 6.7.2. Defense & aerospace
- 6.7.3. Electronics
- 6.7.4. Medical devices
- 6.7.5. Industrial equipment
- 6.7.6. Others
6.8. Market Attractiveness Analysis

7. East Asia Computer Aided Engineering (CAE) Software Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Software
- 7.3.3. By Deployment
- 7.3.4. By End-use Industry
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Software, 2023 - 2030
- 7.5.1. Software
  - 7.5.1.1. Finite Element Analysis (FEA)
  - 7.5.1.2. Computational Fluid Dynamics (CFD)
  - 7.5.1.3. Multibody dynamics
  - 7.5.1.4. Optimization & simulation
- 7.5.2. Services
  - 7.5.2.1. Development Service
  - 7.5.2.2. Training, Support & Maintenance
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Deployment, 2023 - 2030
- 7.6.1. On-Premise
- 7.6.2. Cloud-Based
7.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 7.7.1. Automotive
- 7.7.2. Defense & aerospace
- 7.7.3. Electronics
- 7.7.4. Medical devices
- 7.7.5. Industrial equipment
- 7.7.6. Others
7.8. Market Attractiveness Analysis

8. South Asia & Oceania Computer Aided Engineering (CAE) Software Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Software
- 8.3.3. By Deployment
- 8.3.4. By End-use Industry
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Software, 2023 - 2030
- 8.5.1. Software
  - 8.5.1.1. Finite Element Analysis (FEA)
  - 8.5.1.2. Computational Fluid Dynamics (CFD)
  - 8.5.1.3. Multibody dynamics
  - 8.5.1.4. Optimization & simulation
- 8.5.2. Services
  - 8.5.2.1. Development Service
- 8.5.3. Training, Support & Maintenance
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Deployment, 2023 - 2030
- 8.6.1. On-Premise
- 8.6.2. Cloud-Based
8.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 8.7.1. Automotive
- 8.7.2. Defense & aerospace
- 8.7.3. Electronics
- 8.7.4. Medical devices
- 8.7.5. Industrial equipment
- 8.7.6. Others
8.8. Market Attractiveness Analysis

9. Latin America Computer Aided Engineering (CAE) Software Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Software
- 9.3.3. By Deployment
- 9.3.4. By End-use Industry
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Software, 2023 - 2030
- 9.5.1. Software
  - 9.5.1.1. Finite Element Analysis (FEA)
  - 9.5.1.2. Computational Fluid Dynamics (CFD)
  - 9.5.1.3. Multibody dynamics
  - 9.5.1.4. Optimization & simulation
- 9.5.2. Services
  - 9.5.2.1. Development Service
  - 9.5.2.2. Training, Support & Maintenance
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Deployment, 2023 - 2030
- 9.6.1. On-Premise
- 9.6.2. Cloud-Based
9.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 9.7.1. Automotive
- 9.7.2. Defense & aerospace
- 9.7.3. Electronics
- 9.7.4. Medical devices
- 9.7.5. Industrial equipment
- 9.7.6. Others
9.8. Market Attractiveness Analysis

10. Middle East & Africa Computer Aided Engineering (CAE) Software Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Software
- 10.3.3. By Deployment
- 10.3.4. By End-use Industry
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Software, 2023 - 2030
- 10.5.1. Software
  - 10.5.1.1. Finite Element Analysis (FEA)
  - 10.5.1.2. Computational Fluid Dynamics (CFD)
  - 10.5.1.3. Multibody dynamics
  - 10.5.1.4. Optimization & simulation
- 10.5.2. Services
  - 10.5.2.1. Development Service
  - 10.5.2.2. Training, Support & Maintenance
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Deployment, 2023 - 2030
- 10.6.1. On-Premise
- 10.6.2. Cloud-Based
10.7. Current Market Size (US$ Mn) and Volume (Units) Forecast By End-use Industry, 2023 - 2030
- 10.7.1. Automotive
- 10.7.2. Defense & aerospace
- 10.7.3. Electronics
- 10.7.4. Medical devices
- 10.7.5. Industrial equipment
- 10.7.6. Others
10.8. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Offshore Computer Aided Engineering (CAE) Software
- 11.2.3. Apparent Product Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. ANSYS
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Product
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Altair Engineering
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Product
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Autodesk
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Product
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Bentley Systems, Inc
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Product
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Dassault Systemes
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Product
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. ESI Group
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Product
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Exa Corporation
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Product
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Mentor Graphics Corporation
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Product
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. MSC Software Corporation.
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Product
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations