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Engineering Software Market Size, Share, and Analysis, By Type (Computer-Aided Design (CAD) Software, Computer-Aided Engineering (CAE) Software, Computer-Aided Manufacturing (CAM) Software, Electronic Design Automation (EDA), and Others), By Deployment (Cloud, On-Premise), By Application (Design Automation, Plant Design, Product Design & Testing, and Drafting & 3D Modelling), By Industry (Automotive, Aerospace & Defense, Manufacturing, Semiconductor & Electronics, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

February 2024 | 397 pages | ID: E32B7EF481F3EN
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Engineering Software Market Size, Share, and Analysis, By Type (Computer-Aided Design (CAD) Software, Computer-Aided Engineering (CAE) Software, Computer-Aided Manufacturing (CAM) Software, Electronic Design Automation (EDA), and Others), By Deployment (Cloud, On-Premise), By Application (Design Automation, Plant Design, Product Design & Testing, and Drafting & 3D Modelling), By Industry (Automotive, Aerospace & Defense, Manufacturing, Semiconductor & Electronics, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Engineering Software Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 16% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 39.5 billion and is projected t%li%reach USD 202.9 billion by the completion of 2034.

Engineering software is a specialized tool that aids engineers in various aspects of their work, such as design, analysis, simulation, and project management across several engineering disciplines, including civil, mechanical, electrical, and software engineering. These programs consist of multiple applications for drafting and visualizing designs, which allows for precise creation of complex structures and systems. They usually include advanced computation, simulation, and testing capabilities t%li%evaluate performance, durability, and practicality of a design. Additionally, engineering software assists in project management, documentation, and collaboration among teams. Therefore, this software is used t%li%enhance the process of engineering by improving efficiency, accuracy, and innovation across a wide range of industries.

MARKET HIGHLIGHTS

Engineering Software Market is projected t%li%achieve USD 202.9 billion during the forecast period, owing t%li%improvements in technology and escalating demand for modern engineering solutions across different industries. The increasing focus on cloud-based platforms that provide scalability and better collaboration among teams is responsible for driving this growth. Moreover, integrations of augmented reality (AR) and virtual reality (VR) within engineering software have drastically improved design and simulation operations, benefiting sectors like manufacturing, construction, automotive, aerospace, and healthcare. Additionally, organizations are adopting advanced software for design, simulation, data analysis, and project management. These companies are aligning themselves with emerging trends that involve integrating AI and machine learning (ML), with the aim t%li%simplify forecasting abilities and other operations with the help of automation. Hence, as companies focuses on digital transformation, the engineering software market is expected t%li%grow by providing solutions that enhance productivity and encourage innovations in product development across various sectors.

Engineering Software Market Segments:
  • By Type
  • Computer-Aided Design (CAD) Software
  • Computer-Aided Engineering (CAE) Software
  • Computer-Aided Manufacturing (CAM) Software
  • Electronic Design Automation (EDA) Software
  • Others
  • By Deployment
  • Cloud
  • On-Premise
  • By Application
  • Design Automation
  • Plant Design
  • Product Design & Testing
  • Drafting & 3D Modelling
  • By Industry
  • Automotive
  • Aerospace & Defense
  • Manufacturing
  • Semiconductor & Electronics
  • Others
MARKET DYNAMICS

Growth Drivers

Adoption of Industry 4.0 and Digital Transformation Will Fuel Market Growth

Global Emphasis on Infrastructure Development Will Create Growth Opportunities

Restraint

Interoperability Concerns in Engineering Software Could Stifle Market Growth

Key Players
  • Autodesk
  • Dassault Syst?mes
  • Siemens PLM Software
  • PTC
  • Bentley Systems
  • Trimble
  • AVEVA
  • Altair Engineering
  • ANSYS
  • Hexagon AB (Intergraph)
  • Nemetschek Group
  • Cadence Design Systems
  • MSC Software Corporation
  • ETAS
  • MathWorks
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Engineering Software Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Engineering Software Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.ENGINEERING SOFTWARE MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.ENGINEERING SOFTWARE MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. ENGINEERING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1.By Type
    11.3.1.1. Computer-Aided Design (CAD) Software
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Computer-Aided Engineering (CAE) Software
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Computer-Aided Manufacturing (CAM) Software
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Electronic Design Automation (EDA) Software
      11.3.1.4.1. By Value (USD Million) 2024-2034F
      11.3.1.4.2.Market Share (%) 2024-2034F
      11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.5.Others
      11.3.1.5.1. By Value (USD Million) 2024-2034F
      11.3.1.5.2.Market Share (%) 2024-2034F
      11.3.1.5.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Deployment
    11.3.2.1.Cloud
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. On-Premise
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Application
    11.3.3.1.Design Automation
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Plant Design
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Product Design & Testing
      11.3.3.3.1.By Value (USD Million) 2024-2034F
      11.3.3.3.2. Market Share (%) 2024-2034F
      11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.4. Drafting & 3D Modelling
      11.3.3.4.1.By Value (USD Million) 2024-2034F
      11.3.3.4.2. Market Share (%) 2024-2034F
      11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
  11.3.4.By Industry
    11.3.4.1.Automotive
      11.3.4.1.1. By Value (USD Million) 2024-2034F
      11.3.4.1.2.Market Share (%) 2024-2034F
      11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Aerospace & Defense
      11.3.4.2.1.By Value (USD Million) 2024-2034F
      11.3.4.2.2. Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. Manufacturing
      11.3.4.3.1.By Value (USD Million) 2024-2034F
      11.3.4.3.2. Market Share (%) 2024-2034F
      11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.4.Semiconductor & Electronics
      11.3.4.4.1.By Value (USD Million) 2024-2034F
      11.3.4.4.2. Market Share (%) 2024-2034F
      11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.5. Others
      11.3.4.5.1.By Value (USD Million) 2024-2034F
      11.3.4.5.2. Market Share (%) 2024-2034F
      11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA ENGINEERING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Type
  12.3.2. By Deployment Mode
  12.3.3. By Application
  12.3.4. By Industry
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE ENGINEERING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Type
  13.3.2. By Deployment Mode
  13.3.3. By Application
  13.3.4. By Industry
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC ENGINEERING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Type
  14.3.2. By Deployment Mode
  14.3.3. By Application
  14.3.4. By Industry
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA ENGINEERING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Type
  15.3.2. By Deployment Mode
  15.3.3. By Application
  15.3.4. By Industry
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA ENGINEERING SOFTWARE MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Type
  16.3.2. By Deployment Mode
  16.3.3. By Application
  16.3.4. By Industry
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Autodesk
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. Dassault Syst?mes
18.3. Siemens PLM Software
18.4. PTC
18.5. Bentley Systems
18.6. ANSYS
18.7. Hexagon AB (Intergraph)
18.8. Trimble
18.9. AVEVA
18.10.Altair Engineering
18.11.Nemetschek Group
18.12. Cadence Design Systems
18.13. MSC Software Corporation
18.14.ETAS
18.15. MathWorks
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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