Singapore Computer Aided Engineering Market Size & Outlook
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Singapore computer aided engineering market highlights
- The Singapore computer aided engineering market generated a revenue of USD 181.5 million in 2023 and is expected to reach USD 393.4 million by 2030.
- The Singapore market is expected to grow at a CAGR of 11.7% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Computer aided engineering market data book summary
| Market revenue in 2023 | USD 181.5 million |
| Market revenue in 2030 | USD 393.4 million |
| Growth rate | 11.7% (CAGR from 2024 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Ansys Inc, Altair Engineering Inc Class A, Autodesk Inc, Bentley Systems Inc Ordinary Shares - Class B, Dassault Systemes SE, Element Solutions Inc, Siemens AG, Hexagon AB ADR |
Other key industry trends
- In terms of revenue, Singapore accounted for 1.8% of the global computer aided engineering market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan computer aided engineering market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 943.7 million by 2030.
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Computer Aided Engineering Market Scope
Computer Aided Engineering Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Element Solutions Inc | View profile | 5300 | 500 East Broward Boulevard, Suite 1860, Fort Lauderdale, FL, United States, 33394 | https://www.elementsolutionsinc.com |
| Autodesk Inc | View profile | 13700 | One Market Street, Suite 400, San Francisco, CA, United States, 94105 | https://www.autodesk.com |
| Ansys Inc | View profile | 6200 | 2600 ANSYS Drive, Canonsburg, PA, United States, 15317 | https://www.ansys.com |
| Bentley Systems Inc Ordinary Shares - Class B | View profile | 5200 | 685 Stockton Drive, Exton, PA, United States, 19341 | https://www.bentley.com |
| Dassault Systemes SE | View profile | 23811 | 10, Rue Marcel Dassault, Velizy-Villacoublay, France, 78140 | https://www.3ds.com |
| Hexagon AB ADR | View profile | 24091 | Lilla Bantorget 15, Stockholm, Sweden, SE-111 23 | https://www.hexagon.com |
| Altair Engineering Inc Class A | View profile | 3200 | 1820 East Big Beaver Road, Troy, MI, United States, 48083 | https://www.altair.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
Singapore computer aided engineering market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to computer aided engineering market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 69.59% in 2023. Horizon Databook has segmented the Singapore computer aided engineering market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Singapore's aerospace, maritime, consumer electronics, biomedical, energy, and precision industries use CAE software in various ways. Almost every sector that manufactures products using design software uses CAE as a common practice. The need to decrease the time-to-market is one of the primary factors encouraging expansion in the regional market.
Owing to the rising demand, market players are introducing next-generation CAE software in the Singapore market. The high initial cost of CAE systems, however, can be a barrier to the regional market's expansion.
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Target buyers of Singapore computer aided engineering market databook
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Our clientele includes a mix of computer aided engineering market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Singapore computer aided engineering market , including forecasts for subscribers. This country databook contains high-level insights into Singapore computer aided engineering market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Singapore Component - Computer Aided Engineering Market size, 2023 - 2030 (US$M)
Singapore Computer Aided Engineering Market Outlook Share, 2023 & 2030 (US$M)
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