Computer-aided Engineering Market to Reach USD 21.32 billion by 2032 with a CAGR of 11.5% during 2025-2032; Increasing Adoption of Aircraft Designing to Augur Growth

The global computer-aided engineering market was valued at USD 8.91 billion in 2024. The market is projected to be worth USD 9.94 billion in 2025 and reach USD 21.32 billion by 2032, exhibiting a CAGR of 11.5% during the forecast period.

This information is provided in the report titled “Computer-aided Engineering Market Size, Share & Industry Analysis, By Deployment (Cloud and On-premise), By Type (Finite Element Analysis (FEA), Computational Fluid Dynamics (CFD), Thermal Analysis, Multibody Dynamics, and Others), By End-user (Automotive, Medical devices, Industrial Equipment, Defense & Aerospace, Electronics, and Others) and Regional Forecast, 2025-2032”.

The increasing rate of sales and demand for energy-efficient aircraft and commercial aviation witness the potential demand for CAE solutions. Organizations have been adopting hyper-converged infrastructure (HCI) platforms for establishing a private cloud that provides advanced storage and computation services projected to propel market growth.

LG Electronics Collaborated With Altair to Promote the Construction R&D

In July 2022, LG Electronics collaborated with Altair to promote the construction and research & development of a simulation platform. The collaboration is set to drive the digital revolution using AI simulation for product improvement.

Declined Demand for CAE Software from Several Industries Hindered Market Growth

Due to the COVID-19 pandemic, people and businesses had to re-evaluate their plans and objectives. It has been demonstrated that these advancements fuel technology development and innovation. A complete and integrated set of computer-aided engineering solutions has been developed, promoted, sold, and supported by businesses. Although sales have been consistent, the COVID-19 pandemic caused a modest reduction in the rate of sales growth in 2020.

Rising Adoption of Aircraft Designing to Surge Demand for CAE

During the projection period, there may be a potential need for CAE solutions due to the increasing sales and manufacture of energy-efficient aircraft and commercial aviation. Additionally, electrical battery-powered airplane engines and low-emission planes with solar panels on their wings are being designed using computer-aided engineering methods. The most cutting-edge passenger aircraft and the most environmentally friendly next-generation aircraft designs have both been created using this program.

However, CAE solution suppliers have high charges for support, customization, and maintenance services which are probable to increase the adoption of open-source platforms reducing the computer-aided engineering market growth for CAE.

Innovative Product Launch Announcement by Key Players to Bolster Market Growth

The major firms use a variety of tactics to strengthen their position as the industry's top businesses. One such crucial tactic is the acquisition of businesses to increase brand value among customers. Periodically releasing novel products after conducting a thorough analysis of the market and its target audience is another crucial strategy.

Key Industry Development:

• July 2021: Dassault Systèmes introduced DELMIAworks, for manufacturing companies, which offers real-time control and visibility across the whole manufacturing supply chain. Manufacturing Execution System (MES) and Enterprise Resource Planning (ERP) solutions work together in a collaborative environment to let manufacturers report on the entire manufacturing process.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/press-release/contact-center-software-market-9154

List of Key Players Mentioned in the Report:

• ESI Group (France)
• Siemens AG (Germany)
• Hexagon AB (Sweden)
• Aveva Group (U.K.)
• SimScale (Germany)
• ANSYS, Inc. (U.S.)
• Altair Engineering Inc. (U.S.)
• Autodesk, Inc. (Germany)
• Bentley Systems, Inc. (U.S.)
• Dassault Systemes (U.S.)

Further Report Findings

• Due to the growing worries about greenhouse gas emissions, Europe held the largest percentage of the computer-aided engineering market share in 2024.
• Asia Pacific is anticipated to have significant growth throughout the forecast period as a result of rising government investments in the growth of the manufacturing sector and increasing the capacity for the production of renewable energy.
• To increase market income, South American nations including Argentina, Brazil, Chile, and Colombia are revising their industrial policies. To promote regional industrialization, the nations are also expanding foreign investments.

Table of Segmentation