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Engineering Software Trends and Forecast
The future of the global engineering software market looks promising with opportunities in the automotive, aerospace & defense, electronic, medical device, and architecture, engineering, and construction (AEC) sectors. The global engineering software market is expected to reach an estimated $71.6 billion by 2030 with a CAGR of 10.8% from 2024 to 2030. The major drivers for this market are rapid digitization among industries, rising preference for SaaS-based cloud engineering software, and growing adoption of remote work culture in enterprises.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Engineering Software by Segment
The study includes a forecast for the global engineering software by component, deployment mode, application, end use industry, and region.
Engineering Software Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Software
• Services
Engineering Software Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:
• Cloud
• On-Premises
Engineering Software Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Design Automation
• Product Design & Testing
• Plant Design
• Drafting & 3D Modeling
• Others
Engineering Software Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Automotive
• Aerospace & Defense
• Electronics
• Medical Devices
• Architecture, Engineering, and Construction
• Others
Engineering Software Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Engineering Software Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies engineering software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the engineering software companies profiled in this report include-
• Altair Engineering
• ANSYS
• Autodesk
• Bentley Systems
• Dassault Systèmes
• ESI
• Siemens
• 3D Systems
• PTC
• Mastercam
Engineering Software Market Insights
Lucintel forecasts that product design & testing will remain the largest segment over the forecast period due to its rising usage among companies to ensure product quality, innovation, and time-to-market efficiency.
Within this market, automotive will remain the largest segment due to increasing need for engineering software in this sector to fabricate advanced design, simulation, and optimization tools for developing innovative vehicles.
North America is expected to witness highest growth over the forecast period due to continuous expansion of industry 4.0 and presence of key players in the region.
Features of the Global Engineering Software Market
Market Size Estimates: Engineering software market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Engineering software market size by various segments, such as by component, deployment mode, application, end use industry, and region in terms of value ($B).
Regional Analysis: Engineering software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, deployment modes, applications, end use industries, and regions for the engineering software market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the engineering software market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the engineering software market size?
Answer: The global engineering software market is expected to reach an estimated $71.6 billion by 2030.
Q2. What is the growth forecast for engineering software market?
Answer: The global engineering software market is expected to grow with a CAGR of 10.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the engineering software market?
Answer: The major drivers for this market are rapid digitization among industries, rising preference for SaaS-based cloud engineering software, and growing adoption of remote work culture in enterprises.
Q4. What are the major segments for engineering software market?
Answer: The future of the engineering software market looks promising with opportunities in the automotive, aerospace & defense, electronic, medical device, and architecture, engineering, and construction (AEC) sectors.
Q5. Who are the key engineering software market companies?
Answer: Some of the key engineering software companies are as follows:
• Altair Engineering
• ANSYS
• Autodesk
• Bentley Systems
• Dassault Systèmes
• ESI
• Siemens
• 3D Systems
• PTC
• Mastercam
Q6. Which engineering software market segment will be the largest in future?
Answer: Lucintel forecasts that product design & testing will remain the largest segment over the forecast period due to its rising usage among companies to ensure product quality, innovation, and time-to-market efficiency.
Q7. In engineering software market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to continuous expansion of industry 4.0 and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the engineering software market by component (software and services), deployment mode (cloud and on-premises), application (design automation, product design & testing, plant design, drafting & 3D modeling, and others), end use industry (automotive, aerospace & defense, electronics, medical devices, architecture, engineering, and construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Engineering Software Market, Engineering Software Market Size, Engineering Software Market Growth, Engineering Software Market Analysis, Engineering Software Market Report, Engineering Software Market Share, Engineering Software Market Trends, Engineering Software Market Forecast, Engineering Software Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Engineering Software Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Engineering Software Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Engineering Software Market by Component
3.3.1: Software
3.3.2: Services
3.4: Global Engineering Software Market by Deployment Mode
3.4.1: Cloud
3.4.2: On-Premises
3.5: Global Engineering Software Market by Application
3.5.1: Design Automation
3.5.2: Product Design & Testing
3.5.3: Plant Design
3.5.4: Drafting & 3D Modeling
3.5.5: Others
3.6: Global Engineering Software Market by End Use Industry
3.6.1: Automotive
3.6.2: Aerospace & Defense
3.6.3: Electronics
3.6.4: Medical Devices
3.6.5: Architecture, Engineering, and Construction
3.6.6: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Engineering Software Market by Region
4.2: North American Engineering Software Market
4.2.1: North American Engineering Software Market by Application: Design Automation, Product Design & Testing, Plant Design, Drafting & 3D Modeling, and Others
4.2.2: North American Engineering Software Market by End Use Industry: Automotive, Aerospace & Defense, Electronics, Medical Devices, Architecture, Engineering, and Construction, and Others
4.3: European Engineering Software Market
4.3.1: European Engineering Software Market by Application: Design Automation, Product Design & Testing, Plant Design, Drafting & 3D Modeling, and Others
4.3.2: European Engineering Software Market by End Use Industry: Automotive, Aerospace & Defense, Electronics, Medical Devices, Architecture, Engineering, and Construction, and Others
4.4: APAC Engineering Software Market
4.4.1: APAC Engineering Software Market by Application: Design Automation, Product Design & Testing, Plant Design, Drafting & 3D Modeling, and Others
4.4.2: APAC Engineering Software Market by End Use Industry: Automotive, Aerospace & Defense, Electronics, Medical Devices, Architecture, Engineering, and Construction, and Others
4.5: ROW Engineering Software Market
4.5.1: ROW Engineering Software Market by Application: Design Automation, Product Design & Testing, Plant Design, Drafting & 3D Modeling, and Others
4.5.2: ROW Engineering Software Market by End Use Industry: Automotive, Aerospace & Defense, Electronics, Medical Devices, Architecture, Engineering, and Construction, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Engineering Software Market by Component
6.1.2: Growth Opportunities for the Global Engineering Software Market by Deployment Mode
6.1.3: Growth Opportunities for the Global Engineering Software Market by Application
6.1.4: Growth Opportunities for the Global Engineering Software Market by End Use Industry
6.1.5: Growth Opportunities for the Global Engineering Software Market by Region
6.2: Emerging Trends in the Global Engineering Software Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Engineering Software Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Engineering Software Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Altair Engineering
7.2: ANSYS
7.3: Autodesk
7.4: Bentley Systems
7.5: Dassault Systèmes
7.6: ESI
7.7: Siemens
7.8: 3D Systems
7.9: PTC
7.10: Mastercam
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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