£The Computer Aided Engineering Global Market Report 2023 by The Business Research Company, provides computer aided engineering market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Computer Aided Engineering Global Market Report 2023, the market size is expected to grow from$8.11 billion in 2022 to $8.90 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of computer-aided engineering is expected to grow to $12.67 billion in 2027 at a CAGR of 9.2%.Increasing automation in the manufacturing sector is expected to propel the growth of the computer-aided engineering market going forward. Automation refers to the development and deployment of technologies for the production and delivery of products and services with little or no human participation. Automation technologies such as computer-aided drafting and computer-assisted N/C tape preparation are now available and widely used in the manufacturing sector to help reverse the troubling trend of declining productivity.
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The computer aided engineering market is segmented:
1) By Type: Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Multibody Dynamics, Optimization, and Simulation
2) By Deployment: On-Premise, Cloud-Based
3) By End-Use: Automotive, Defense and Aerospace, Electronics, Medical Devices, Industrial Equipment
Technological advancements are the key trend gaining popularity in the computer-aided engineering market. Major companies operating in computer-aided engineering are focused on developing new technological solutions to attain a competitive edge in the market. For instance, in June 2021, Siemens AG, a German-based industrial manufacturing company, launched SimcenterFemap, a sophisticated simulation application that allows users to create, update, and evaluate finite element models of complicated goods or systems. SimcenterFemap offers sophisticated data-driven and graphical result visualization and assessment when paired with the industry-leading Simcenter Nastran, resulting in a full computer-aided engineering solution that optimizes the product’s performance. When paired with the industry-leading Simcenter Nastran, SimcenterFemap offers sophisticated data-driven and graphical results display and evaluation, resulting in a full CAE solution that enhances product performance.
The computer aided engineering market report table of contents includes:
1. Executive Summary
2. Computer Aided Engineering Market Characteristics
3. Computer Aided Engineering Market Trends And Strategies
4. Computer Aided Engineering Market – Macro Economic Scenario
5. COVID-19 Impact On Computer Aided Engineering Market
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26. Africa Computer Aided Engineering Market
27. Computer Aided Engineering Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Computer Aided Engineering Market
29. Computer Aided Engineering Market Future Outlook and Potential Analysis
30. Appendix
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