Global Engineering Software (CAD, CAM, CAE, AEC, and EDA) Industry Analysis Report 2023-2030: Rapid Industrialization and Implementation of Cloud-Based Platforms Boost Growth

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Jan 03, 2024, 11:30 ET

DUBLIN, Jan. 3, 2024 /PRNewswire/ --The "Engineering Software (CAD, CAM, CAE, AEC, and EDA) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Engineering Software (CAD, CAM, CAE, AEC, and EDA) Market to Reach $104.1 Billion by 2030

The global market for Engineering Software (CAD, CAM, CAE, AEC, and EDA) estimated at US$39.9 Billion in the year 2022, is projected to reach a revised size of US$104.1 Billion by 2030, growing at a CAGR of 12.7% over the analysis period 2022-2030.

The report provides an introduction to engineering software, highlighting the growing demand for such software driven by automation and integrated solutions programs. It emphasizes the significance of computer-aided design (CAD) software in the engineering software market.

Computer-Aided Engineering (CAE), one of the segments analyzed in the report, is projected to record 11.9% CAGR and reach US$17.5 Billion by the end of the analysis period. Growth in the Electronic Design Automation (eda) segment is estimated at 12.8% CAGR for the next 8-year period.

The report also focuses on key application markets within engineering software, with a specific focus on product design and testing, as well as design automation. It provides a breakdown of revenues by application, offering insights into the importance of these segments in the engineering software market.

The U.S. Market is Estimated at $11.9 Billion, While China is Forecast to Grow at 15.8% CAGR

In terms of regional analysis, the report acknowledges the dominance of developed markets while highlighting the Asia-Pacific region as the fastest-growing market for engineering software. It touches upon the global economic update, discussing the shift to an endemic COVID-19 strategy and the impact of factors such as war, inflation, and the high cost of living on the global economy.

The Engineering Software (CAD, CAM, CAE, AEC, and EDA) market in the U.S. is estimated at US$11.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$15.3 Billion by the year 2030 trailing a CAGR of 15.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.6% and 12% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11.3% CAGR.

The competitive scenario is explored in the report, presenting data on the market share of key competitors in the engineering software market in 2023. It also assesses the competitive market presence of players worldwide in 2023 and outlines recent market activity in the engineering software sector.

Additionally, the report mentions select global brands within the industry, providing readers with insights into the leading players in the engineering software market. Overall, the report offers a comprehensive overview of the engineering software market, its applications, and the competitive landscape.

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET TRENDS & DRIVERS

Decoding Prominent Trends & Factors Shaping the Software Engineering Arena
AI-Enabled Software Tools Address Challenges of Engineering Processes
Engineering Software Reports Increasing Shift to the Cloud
Emphasis on Design Automation Favors Growth
Software Tools Streamline Drafting & 3D Modeling Processes
Virtual 3D Modelling and Simulation Finds Application in Smart City Planning
Focus on Reshaping City Resilience to Future Pandemics & Crisis Will Spur Rejuvenated Spending on Smart City Projects, Providing a Goldmine of Opportunities for Virtual 3D Modeling and Simulation
Growing Adoption of Cloud-Based Design Automation Drives Investments in Engineering Software
Integrated Software Contribute to Reduced Prototyping Cost & Product Recalls
Sophisticated Software Solutions Drive Product Lifecycle Management Market
Rising Adoption of 3D Printing Augurs Well for Market Growth
Rise in Demand for Consumer Electronics Extends Opportunities
Engineering Software Gains Traction in EPC Sector
Contractors Use Engineering Software to Address Materials Shortages
BIM Technology Streamlines Structural Designing Process
Rising Spending on Robotic Automation Drives Opportunities
Sophisticated Engineering Software Finds Increasing Application in Automotive Industry
Pandemic-Led Tech Adoption Holds Positive Implications for Automotive Software Market
Advent of Autonomous Vehicles and Rising Demand for Connected Cars to Boost Engineering Domains
Over the Air (OTA) Software Updates for Cars: The Next Stage of Software Evolution
Recovery in Aerospace & Defense Sector to Drive Growth
Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
Value-Added Resellers Positively Impact the Market
Rapid Industrialization and Implementation of Cloud-Based Platforms Boost Growth in CAM Software Market
Global CAD Software Market Maintains Positive Growth
An Insight into Trends Related to CAD Technology
Design Automation and CAD Customization
AI-assisted CAD Software, an Accelerating Innovation Area for the Oil & Gas Industry
Industry Witnesses Enhanced Demand for CAM Software to Improve Shop-Floor Efficiency
CAE Software Market Displays High Degree of Dynamism
Growing Use of Computational Fluid Dynamics Augurs Well for the Market
Cloud Deployment Model Continues to Gain Traction in CAE Market
Expanding Role of CAE in Product Development
Efficiency Advantages to Boost Demand for CAE Solutions in Medical Imaging
Trend towards Outsourcing of Manufacturing Processes Fuels Demand for CAE Solutions
Adoption of Hyper-Converged Infrastructure (HCI) Platform for Private Clouds Bodes Well for the Market
Need for Engineering Design Optimization Offers Strong Prospects
Major Electronic Design Automation Industry Trends
Companies Increasingly Move EDA Into the Cloud
Competitive Pressure to Secure IPs Push Up Willingness to Invest in Cloud EDA
Pushed to Innovate Semiconductor Companies Adopt Cloud Based EDA Tools
Cloud EPA to Tackle Challenges Arising from Growing Complexities in Chip Design
Healthy Demand for PCBs Bodes Well for Market Growth for EDA Market
Challenges Confronting Market
Open Source Software Restrains Market Growth
IoT Impacts Engineering Software Market

FOCUS ON SELECT PLAYERS (Total 198 Featured)

Ansys, Inc.
Autodesk, Inc.
AVEVA Group plc
Bentley Systems, Inc.
Dassault Systemes SE
HCL Technologies Limited
Hexagon AB
International Business Machines Corporation
Nemetschek SE
PTC Inc.
Rockwell Automation, Inc.
SAP SE
Siemens Industry Software Inc.
Synopsys, Inc.
Vectorworks, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/b687pu

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