The computer aided engineering market size was valued at US$ 11.03 billion in 2024 and is expected to reach US$ 23.44 billion by 2031; it is estimated to record a CAGR of 11.9% from 2025 to 2031.

The computer aided engineering market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the computer aided engineering market in 2024, followed by Europe and Asia Pacific, respectively. North America is home to some of the world's most technologically sophisticated industries, particularly aerospace, automotive, defense, and electronics. Companies such as Boeing, General Motors, and Lockheed Martin use simulation software to enhance product performance, reduce prototyping costs, and accelerate development cycles. Integrating computer aided engineering with technologies such as artificial intelligence (AI), machine learning (ML), and digital twin platforms enables predictive simulations and more intelligent design processes. Government support, particularly from agencies such as NASA and the U.S. Department of Defense, fuels innovation by funding advanced engineering research. Additionally, North America benefits from a strong ecosystem of skilled engineers and world-class universities, which sustains a high level of expertise and continued demand for simulation tools in both academic and commercial sectors. Regulatory pressures also play a role, as industries must comply with rigorous safety and environmental standards, increasing reliance on virtual testing and validation.

Europe focuses on advancements in high-performance computing and a growing emphasis on scientific and industrial innovation. On June 10, 2025, NVIDIA announced that the JUPITER supercomputer-powered by the NVIDIA Grace Hopper platform-has achieved the fastest speed in Europe. With performance exceeding that of its nearest competitor by more than twofold, JUPITER is set to become Europe's first exascale supercomputer, capable of executing 1 quintillion FP64 operations per second. This breakthrough positions Europe at the forefront of computational engineering, enabling unprecedented speed and accuracy in simulations and modeling. Fields such as climate science, structural biology, quantum computing, and, critically, computational engineering and computer aided engineering, stand to benefit from this leap in processing power. By accelerating simulation, training, and inference for complex models, JUPITER enhances the ability of European industries-including automotive, aerospace, and energy-to innovate faster, design more efficiently, and compete globally. This technological advancement underscores Europe's commitment to digital transformation and supports the computer aided engineering market growth by providing the computational backbone necessary for next-generation engineering applications.

In terms of component, the computer aided engineering market is segmented into software and services. The software segment held the largest computer aided engineering market share in 2024. Computer-aided engineering software includes applications for simulating, analyzing, and optimizing engineering designs. These programs use advanced mathematical models and algorithms to replicate real-world physical phenomena such as heat transfer, fluid flow, structural stress, and dynamic motion. Software tools such as ANSYS, Siemens NX, and Dassault Syst?mes' SIMULIA allow engineers to test and validate designs virtually, reducing the need for physical prototypes. The software supports multiple engineering disciplines, including mechanical, electrical, thermal, and fluidic analysis. As industries move toward digital transformation and automation, the demand for computer-aided engineering software has increased to enhance innovation, reduce time-to-market, and improve product reliability.

Autodesk Inc, Hexagon AB, Ansys Inc, Altair Engineering, Inc., Dassault Systemes SE, Bentley Systems Inc, PTC Inc, Siemens AG, Satven, and Technosoft Engineering Projects Ltd. are among the key players profiled during this market study. Several other essential market players were also studied and analyzed to get a holistic view of the global computer aided engineering market and its ecosystem.

The overall computer aided engineering market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the computer aided engineering market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the computer aided engineering market.