About Engineering Design Software
The global engineering design software market is anticipated to witness high growth during the forecast period due to rising adoption of new technologies from almost all industries. The engineering design software helps engineers and designers visualize, analyze and communicate design intent before building a physical prototype. The engineering design software is employed across an array of disciplines, from manufacturing and architecture to sustainability. This software is used to design everything from cars to prosthetics to headphones.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Engineering Design Software is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Engineering Design Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Geometric Ltd (India), SAP SE (Germany), Autodesk Inc (United States), Dassault Systems (France), Bentley Systems Inc (United States), Siemens PLM Software (United States), Hexagon AB (Sweden), IronCAD LLC (United States) and Cadonix Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Synopsys, Inc. (United States), Ansys Inc. (United States) and PTC Inc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Engineering Design Software market by Type (Computer-Aided Designing (CAD) Software, Computer-Aided Engineering (CAE) Software, Computer-Aided Manufacturing (CAM) Software, Architecture, Engineering and Construction (AEC) Software and Electronic Design Automation (EDA) Software), Application (Design Automation, Plant Design, Product Design & Testing and Drafting & 3D Modeling) and Region.
On the basis of geography, the market of Engineering Design Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the Engineering Design Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. 3-D Design will boost the Engineering Design Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The emergence of New Technologies in Design Software
Market Growth Drivers:
Increasing Usage of 3D Technology and Rising Demand for CAD Software in the Automotive Industry
Challenges:
Lengthy Process to Know How to Operate or Run the Software
Restraints:
Threat of Security Issues
Opportunities:
Increasing Demand from Developing Regions
Market Leaders and their expansionary development strategies
In July 2023, JDM Technology Group, a leading global software business of best-in-class software providers, has acquired Croydon, Australia based PowerCad Software. PowerCad makes innovative electrical engineering design software for the Australian electrical industry.
In June 2019 ANSYS and BMW Group are creating the industry's first holistic simulation toolchain for developing autonomous vehicle (AV) technologies. The simulation toolchain will enable highly automated and autonomous driving (AD).
Key Target Audience
Engineering Design Software Providers, Software Developers, Software Solution Providers, Automotive Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.