Global Engineering Software Market Projected to Reach $104.1 Billion by 2030: Fueled by Increasing Demand for Integrated Solutions and Automation


Dublin, July 19, 2023 (GLOBE NEWSWIRE) -- The "Engineering Software (CAD, CAM, CAE, AEC, and EDA): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

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.

Computer-Aided Engineering (CAE), one of the segments analyzed in the report, is projected to record a 11.9% CAGR and reach US$17.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Electronic Design Automation (eda) segment is readjusted to a revised 12.8% CAGR for the next 8-year period.

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

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.

Select Competitors (Total 198 Featured) -

  • Ansys, Inc.
  • Autodesk, Inc.
  • AVEVA Group plc
  • Bentley Systems, Inc.
  • Dassault Systemes SE
  • International Business Machines Corporation
  • MSC Software Corporation
  • PTC Inc.
  • Rockwell Automation, Inc.
  • SAP SE
  • Siemens Industry Software Inc.
  • Synopsys, Inc.
  • Vectorworks, Inc.

Key Attributes:

Report AttributeDetails
No. of Pages575
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$39.9 Billion
Forecasted Market Value (USD) by 2030$104.1 Billion
Compound Annual Growth Rate12.7%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • An Introduction to Engineering Software
  • Focus on Automation & Integrated Solutions Programs Drive Engineering Software Demand
  • CAD Remains Key Contributor to Engineering Software Market
  • Product Design & Testing and Design Automation: A Leading Application MArket
  • World Engineering Software Market by Application (2021 & 2027): Percentage Breakdown of Revenues for Product Design & Testing, Design Automation, Drafting & 3D Modeling, Plant Design, and Other Applications
  • Regional Analysis: While Developed Markets Rule, Asia-Pacific to Display Fastest Growth
  • Global Economic Update
  • World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
  • War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
  • Inflationary Pressures Impact Global Economy
  • Russia-Ukraine War Impact
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Competitive Scenario
  • Engineering Software (CAD, CAM, CAE, AEC, and EDA) - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 24115 Players Worldwide in 2022 (E)
  • Recent Market Activity
  • Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. 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: Global Smart City Spending (In US$ Billion) for the Years 2021, 2024 & 2027
  • 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
  • Global 3D Printing Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
  • 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
  • World Automobile Production in Million Units: 2008-2022
  • 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
  • Global Market for Autonomous Vehicles (In Units) for Years 2021, 2023, 2025 and 2027
  • 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
  • Global Opportunity for Printed Circuit Boards (PCBs) (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Challenges Confronting Market
  • Open Source Software Restrains Market Growth
  • IoT Impacts Engineering Software Market
  • Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/5458jy

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Attachment

 
Global Market for Engineering Software (CAD, CAM, CAE, AEC, and EDA)

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