Tap Into Engineering Software Global Market Trajectory and Analytics
Global engineering software (CAD, CAM, CAE, AEC, & EDA) market to reach $55.6 billion by 2027, analysts say.
October 25, 2022
Amidst the COVID-19 crisis, the global market for engineering software (CAD, CAM, CAE, AEC, and EDA) estimated at US$29.1 billion in 2020, is projected to reach a revised size of US$55.6 billion by 2027, growing at a compound annual growth rate (CAGR) of 9.7% over the period 2020-2027. This is according to a new report from Research and Markets.
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. Considering the ongoing post-pandemic recovery, growth in the electronic design automation segment is readjusted to a revised 9.8% CAGR for the next 7-year period.
U.S. Market in Comparison to China
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 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.
AEC Segment to Record 9.6% CAGR
In the global architecture, engineering and construction segment, the U.S., 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 24,115 Featured)
- AVEVA Group
- Bentley Systems
- Dassault Systèmes
- International Business Machines
- MSC Software
- Rockwell Automation
- Siemens Industry Software
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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