CAE Software Producers and CAE Software Market Trend

CAE software is a technical software widely used in the process of product development and design in industrial manufacturing. CAE, based on 3D solid modeling, provides the basis for product functionality, performance availability and reliability by simulating the working state and performance of the product in terms of structural strength, heat transfer, stiffness, kinematics, etc., starting at the product design stage, thus realizing the optimization of product design.

The global CAE software market size was USD 5.6 billion in 2017, growing to USD 9.0 billion in 2022, with a CAGR of 10.0% from 2017 to 2022. The global CAE software market size is expected to grow to USD 13.3 billion in 2027, with a CAGR of 8.1% from 2022 to 2027.

Figure 2017-2027 Global CAE Software Market Size (Billion USD) and CAGR

The top five vendors in the global CAE software market are Siemens, ANSYS, Dassault, Altair and Hexagon, with Siemens, ANSYS and Dassault which are together accounting for about 50% of the market share. CAE software has been widely used in automotive, aerospace, electronic equipment, defense industry and other fields.