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

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

Global Engineering Software (CAD, CAM, CAE, AEC, and EDA) Market to Reach US$115.4 Billion by 2030

The global market for Engineering Software (CAD, CAM, CAE, AEC, and EDA) estimated at US$48.7 Billion in the year 2023, is expected to reach US$115.4 Billion by 2030, growing at a CAGR of 13.1% over the analysis period 2023-2030. Computer-Aided Engineering (CAE) Software, one of the segments analyzed in the report, is expected to record a 12.3% CAGR and reach US$19.3 Billion by the end of the analysis period. Growth in the Electronic Design Automation (EDA) Software segment is estimated at 13.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$13.3 Billion While China is Forecast to Grow at 16.0% CAGR

The Engineering Software (CAD, CAM, CAE, AEC, and EDA) market in the U.S. is estimated at US$13.3 Billion in the year 2023. 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 16.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.8% and 12.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.5% CAGR.

Global Engineering Software (CAD, CAM, CAE, AEC, & EDA) Market - Key Trends & Drivers Summarized

Engineering software encompasses a range of tools designed to facilitate the design, analysis, and manufacturing of products and structures. This includes Computer-Aided Design (CAD), Computer-Aided Manufacturing (CAM), Computer-Aided Engineering (CAE), Architecture, Engineering, and Construction (AEC) software, and Electronic Design Automation (EDA) tools. CAD software allows engineers to create detailed 2D and 3D models, while CAM software converts these designs into machine instructions for manufacturing. CAE tools are used for simulation, validation, and optimization of engineering designs. AEC software supports the planning and construction of buildings and infrastructure, and EDA tools are essential for designing electronic systems and circuits.

The adoption of engineering software is driven by the need for precision, efficiency, and innovation in various industries, including automotive, aerospace, construction, and electronics. These tools enable engineers to visualize complex designs, simulate real-world conditions, and optimize performance before physical prototyping. The integration of cloud computing, artificial intelligence, and machine learning into engineering software is further enhancing its capabilities. Collaborative platforms allow multiple stakeholders to work on projects simultaneously, improving communication and reducing the time to market. Additionally, the rise of digital twins and Industry 4.0 is promoting the use of engineering software for real-time monitoring and predictive maintenance.

The growth in the engineering software market is driven by several factors. Firstly, the increasing complexity of engineering projects and the need for precision and efficiency are significant drivers. Secondly, advancements in technologies such as AI, cloud computing, and machine learning are enhancing the functionalities and adoption of engineering software. Thirdly, the growing emphasis on digital transformation and Industry 4.0 is boosting the demand for engineering software in smart manufacturing and construction. Additionally, the expansion of the automotive, aerospace, and electronics industries is creating new opportunities for software providers. Furthermore, the rise of remote work and the need for collaborative tools are driving the adoption of cloud-based engineering software. Lastly, regulatory requirements and standards for product safety and performance are encouraging the use of advanced engineering tools.

Select Competitors (Total 198 Featured) -

• Ansys, Inc.
• Autodesk, Inc.
• AVEVA Group plc
• Bentley Systems, Inc.
• Dassault Systèmes 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.

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