Engineering Software Market Trends and Analysis by 2031

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2031

Engineering Software Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Software Type (CAD, CAM, CAE, AEC, EDA) and Application (Plant Design, Design Automation, Drafting & 3D Modelling, Product Design & Testing, and Others), and Geography

  • Report Date : Sep 2025
  • Report Code : TIPTE100000135
  • Category : Technology, Media and Telecommunications
  • Status : Data Released
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The engineering software market size is projected to reach US$ 73.03 billion by 2031 from US$ 39.47 billion in 2023. The market is expected to register a CAGR of 7.9% in 2023—2031. The surge in popularity of automation and cost-effective technology is likely to remain key engineering software market trends.

Engineering Software Market Analysis

The growing use of CAD and CAE software across a range of industries, including the automotive, aerospace, construction, and healthcare sectors, is responsible for the market expansion. Software for engineering comprises, among other things, computer-aided design (CAD), computer-aided manufacturing (CAM), and computer-aided engineering (CAE). The engineering software market is anticipated to expand significantly throughout the forecast period for a variety of reasons, including mounting demand on businesses to shorten the time and expense of product development.

Engineering Software Market Overview

Engineers, designers, and manufacturers may write critical engineering documentation, analyze and simulate product performance and operations, and develop intricate models with the help of engineering software solutions. With cloud-based solutions, team members can collaborate remotely using whatever device they choose because they can be accessed through a web browser. As a result, businesses can modernize and reduce hardware expenditures without sacrificing computational power or usefulness.

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Engineering Software Market: Strategic Insights

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    This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

Engineering Software Market Drivers and Opportunities

Surge in the Popularity of Automation and Cost-Effective Technology to Favor the Market.

The worldwide plant 0/0s and EPCs are under pressure to reduce production errors and operational expenses due to the intensifying market rivalry. Plant engineers can improve quality by following particular international standards during the design, production, and commissioning processes. Production and intensity issues can be resolved with design software, ongoing analysis, and standard upgrades. As a result, businesses all around the world are using engineering software more and more to reduce mistakes in building and production.

Increasing Development Across Construction and Infrastructure

One of the main factors contributing to the socioeconomic development of any country is thought to be construction. The building industry is expanding rapidly in developing nations around the world, including Ethiopia, India, China, Brazil, Uzbekistan, Cambodia, Tanzania, and Myanmar. These economies' fundamental infrastructure is also developing at a rapid rate. For example, the developing economies of Asia Pacific and SAM are drawing a lot of foreign direct investment in their infrastructure development. These advancements will also spur the growth of their infrastructure, and as the building industry expands, so too will the need for engineering software. Therefore, it is anticipated that the expanding advancements in the infrastructure and construction business verticals will offer.

Engineering Software Market Report Segmentation Analysis

Key segments that contributed to the derivation of the engineering software market analysis are software type and application.

  • Based on software type, the engineering software market is divided into CAD, CAM, CAE, AEC, and EDA. The CAD segment is anticipated to grow in the forecast period.
  • By application, the market is segmented into plant design, design automation, drafting & 3D modeling, product design & testing, and others. The design automation segment is anticipated to grow in the forecast period.

Engineering Software Market Share Analysis by Geography

The geographic scope of the engineering software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. North America has dominated the engineering software market. High technology adoption trends in various industries in the North American region have fuelled the growth of the engineering software market. Factors such as increased adoption of digital tools and high technological spending by government agencies are expected to drive the North American engineering software market growth. Moreover, a strong emphasis on research and development in the developed economies of the US and Canada is forcing the North American players to bring technologically advanced solutions into the market. In addition, the US has a large number of engineering software market players who have been increasingly focusing on developing innovative solutions. All these factors contribute to the region's growth of the Engineering Software market.

Engineering Software Market Regional Insights

The regional trends and factors influencing the Engineering Software Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Engineering Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

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  • Get the Regional Specific Data for Engineering Software Market

Engineering Software Market Report Scope

Report Attribute Details
Market size in 2023 US$ 39.47 Billion
Market Size by 2031 US$ 73.03 Billion
Global CAGR (2023 - 2031) 7.9%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Software Type
  • CAD
  • CAM
  • CAE
  • AEC
  • EDA
By Application
  • Plant Design
  • Design Automation
  • Drafting & 3D Modelling
  • Product Design & Testing
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • PTC
  • Rockwell Automation, Inc
  • SAP SE
  • Siemens
  • Synopsys, Inc.
  • Autodesk Inc.
  • AVEVA
  • Dassault Systèmes
  • Vectorworks, Inc.
  • Hexagon AB

  • Engineering Software Market Players Density: Understanding Its Impact on Business Dynamics

    The Engineering Software Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Engineering Software Market are:

    1. PTC
    2. Rockwell Automation, Inc
    3. SAP SE
    4. Siemens
    5. Synopsys, Inc.
    6. Autodesk Inc.

    Disclaimer: The companies listed above are not ranked in any particular order.


    engineering-software-market-cagr

    • Get the Engineering Software Market top key players overview

    Engineering Software Market News and Recent Developments

    The engineering software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

    • In February 2024, - Global technology company Cognizant is aiming to accelerate business modernization by expanding its array of platform offerings. The company announced the launch of Cognizant Flowsource, a generative AI-enabled platform designed to power the new era of software engineering.

    (Source: Cognizant, Press Release, 2024)

    • In June 2023, Nullspace, Inc. was launched as a spin-off from IERUS Technologies, an established defense contractor in Huntsville, AL. Nullspace, Inc. focuses on delivering advanced engineering software for electromagnetics applications.

    (Source: Nullspace, Press Release, 2023)

    Engineering Software Market Report Coverage and Deliverables

    The "Engineering Software Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

    • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Market dynamics such as drivers, restraints, and key opportunities
    • Key future trends
    • Detailed PEST/Porter's Five Forces and SWOT analysis
    • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
    • Detailed company profiles

    Frequently Asked Questions

    What will be the market size for the global Engineering Software market by 2031?

    The global Engineering Software market is expected to reach US$ 73.03 billion by 2031.

    Which are the key players holding the major market share of the Engineering Software market?

    The key players holding majority shares in the global Engineering Software market are PTC, Rockwell Automation, Inc., SAP SE, Siemens, Synopsys, Inc., Autodesk Inc., AVEVA, and Dassault Systèmes.

    What are the opportunities in the global engineering software market?

    Increasing development across construction and infrastructure is impacting engineering software, which is anticipated to play a significant role in the global engineering software market in the coming years.

    What are the driving factors impacting the global Engineering Software market?

    The surge in the popularity of automation and cost-effective technology is the major factors that propel the global engineering software market growth.

    What is the estimated market size for the global engineering software market in 2023?

    The global engineering software market was estimated to be US$ 39.47 billion in 2023 and is expected to grow at a CAGR of 7.9% during the forecast period 2024 - 2031.

    Ankita Mittal
    Ankita Mittal
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    Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

    Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
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