The computer-aided engineering market value is expected to rise from US$ 10,978.9 million in 2024 to US$ 29,126.2 million by 2034. This market is expected to rise at a CAGR of 10.20% over the next decade. The increasing use of computer-aided engineering (CAE) to elevate product reliability and quality is projected to propel market growth. …
Tag Archives: Computer Aided Engineering
Computer Aided Engineering Market to Reach US$ 20.19 Billion by 2032, Driven by Increasing Integration of Software Solutions
It is projected that the computer-aided engineering market would expand at a compound annual growth rate (CAGR) of 8.3%, from US$9.1 billion in 2022 to US$20.19 billion in 2032. From 2021 to 2022, the industry had an 8.3% year-over-year growth rate, up from US$ 8.4 billion the year before. The computer assisted engineering (CAE) sector …
Computer Aided Engineering Market to Reach US$ 20.19 Billion by 2032, Driven by Increasing Integration of Software Solutions
The market for computer-aided engineering is anticipated to grow at a CAGR of 8.3%, reaching US$20.19 billion in 2032 from US$9.1 billion in 2022. The industry saw a year-over-year growth rate of 8.3% from 2021 to 2022, up from US$ 8.4 billion the previous year. As integrated software solutions minimise the need for several prototypes …