Engineering Software (CAD, CAM, CAE, AEC, & EDA)

Engineering Software (CAD, CAM, CAE, AEC, & EDA)

Global Engineering Software (CAD, CAM, CAE, AEC, & EDA) Market to Reach $55.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Engineering Software (CAD, CAM, CAE, AEC, & EDA) estimated at US$29.1 Billion in the year 2020, is projected to reach a revised size of US$55.6 Billion by 2027, growing at a CAGR of 9.7% over the analysis period 2020-2027. Computer-Aided Engineering (CAE), one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$9.6 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 9.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $8.6 Billion, While China is Forecast to Grow at 12.2% CAGR

The Engineering Software (CAD, CAM, CAE, AEC, & EDA) market in the U.S. is estimated at US$8.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.5 Billion by the year 2027 trailing a CAGR of 12.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.1% and 9.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.Architecture, Engineering & Construction (AEC) Segment to Record 9.6% CAGR

In the global Architecture, Engineering & Construction (AEC) segment, USA, Canada, Japan, China and Europe will drive the 9.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$5.3 Billion in the year 2020 will reach a projected size of US$9.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 24115 Featured) -

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

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