Top 10 Computer-Aided Engineering Companies | Best Technology Provided

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Jul 5, 2024

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Computer-Aided Engineering Market Overview

Computer-aided engineering companies use advanced software to simulate and analyze engineering designs, often replacing physical prototypes.

It covers areas like structural analysis, fluid dynamics (CFD), electromagnetics, and optimization. Workflows include pre-processing, simulation, and post-processing.

Benefits include saving time and costs, optimizing designs, and improving product performance by identifying issues early.

Challenges involve ensuring data accuracy and handling computational complexities. CAE significantly boosts engineering efficiency, reliability, and innovation across industries.

Market Drivers

The global computer-aided engineering (CAE) market is driven by increasing demand for simulation-driven product development in automotive, aerospace, and manufacturing.

CAE helps reduce time-to-market and costs by simulating designs before physical prototyping. Advances in software capabilities and integration with CAD improve CAE’s effectiveness.

Complex product designs require robust simulation tools for performance, safety, and regulatory compliance.

The adoption of CAE is also boosted by the move towards digital twins and virtual testing. Enhancing innovation and efficiency in engineering.

Market Size

The Global Computer Aided Engineering Market is projected to reach USD 26 billion by 2033. With a steady CAGR of 10.6% expected from 2023 to 2033. In 2023, it is expected to be valued at USD 9.5 billion.

List of Major Companies

These are the top 10 companies operating in the Computer Aided Engineering Market:

Siemens

Company Overview

Establishment Year1847
HeadquarterMunich, Germany
Key ManagementRoland Busch (CEO)
Revenue (US$ Bn)$ 81.8 Billion (2022)
Headcount~ 320,000 (2023)
Websitehttps://www.siemens.com/

About Siemens

Siemens AG leads in Computer-Aided Engineering (CAE) companies, continually enhancing solutions for better product design and performance.

Their Simcenter suite, featuring Simcenter Femap and Simcenter Nastran, offers robust simulation tools that help engineers create, update, and evaluate finite element models with advanced data-driven visualization.

Recent upgrades include integrating advanced computational fluid dynamics and multiphysics simulations to handle increasingly complex engineering designs.

Siemens is also expanding its capabilities in high-performance computing and cloud-based CAE, aligning with trends in digitalization and smart manufacturing.

These efforts aim to improve efficiency, reduce costs, and accelerate product launches across the automotive, aerospace, and consumer electronics sectors.

Geographical Presence

Siemens AG, headquartered in Munich, Germany, operates extensively across Europe, North America, Asia-Pacific, the Middle East, Africa, and Latin America.

In Europe, key centers like Germany, the UK, France, Spain, and Italy focus on industrial automation and digital solutions.

In North America, Siemens is prominent in healthcare and infrastructure, particularly in the US and Canada.

Across Asia-Pacific, including China, India, Japan, and Australia, Siemens specializes in industrial automation and smart infrastructure.

In the Middle East, Africa, and Latin America, Siemens engages in energy, healthcare, and infrastructure projects across multiple countries.

Globally, Siemens AG leads in digitalization, sustainable energy solutions, and healthcare innovations, solidifying its position as a technology and industry leader.

Recent Developments

  • In July 2024, Siemens AG and Boson Energy partnered to introduce a technology converting non-recyclable waste into clean energy, formalized through a memorandum of understanding.
  • In July 2024, Siemens AG partnered with PANA Infrastructure to boost power stability and generate employment opportunities in Nigeria, leveraging their combined expertise to enhance the country’s power sector.

Ansys

Company Overview

Establishment Year1970
HeadquarterCanonsburg, Pennsylvania, U.S.
Key ManagementAjei S. Gopal (President & CEO)
Revenue (US$ Bn)$ 2.2 B (2023)
Headcount~ 6,200 (2023)
Websitehttps://ansys.com/

About Ansys

Ansys, Inc. is a leading figure in Computer-Aided Engineering (CAE) companies and is renowned for its advanced simulation software used across industries like aerospace, automotive, and healthcare.

Recently, Ansys has strengthened its technological capabilities through strategic partnerships and innovations.

In March 2024, Ansys teamed up with NVIDIA to develop cutting-edge simulation solutions using accelerated computing and AI aimed at advancing 6G technology and enhancing digital twin capabilities.

Additionally, Ansys introduced Minerva 2024 R1, an enterprise-level simulation process and data management solution that improves workflow efficiency, data management, and decision-making. These initiatives underscore Ansys’ dedication to innovation and competitiveness in the CAE market.

Geographical Presence

Ansys, Inc., a leader in engineering simulation software, maintains a global presence with headquarters in Canonsburg, Pennsylvania, USA, and offices across North America, Europe, Asia-Pacific, and emerging markets like Latin America.

In North America, it supports a robust network that includes Canada and numerous U.S. locations. In Europe, Ansys operates in key countries such as the UK, Germany, and France, fostering innovation and collaboration.

Its presence in Asia-Pacific spans major markets like China, Japan, and India, catering to diverse industrial sectors.

While expanding in Latin America and other regions, Ansys continues to strengthen its position globally, ensuring comprehensive support and innovative solutions across continents.

Recent Developments

  • In June 2024, Ansys, Inc. introduced a new SaaS cloud-native offering, Ansys ConceptEV.
  • In March 2024, Ansys partnered with NVIDIA to create advanced simulation solutions using accelerated computing and generative AI technologies.

Dassault-Systemes

Company Overview

Establishment Year1981
HeadquarterVélizy-Villacoublay, France
Key ManagementPascal Daloz (CEO)
Revenue (US$ Bn)$ 6.4 Billion (2022)
Headcount~ 23,811 (2023)
Websitehttp://3ds.com/

About Dassault Systèmes

Dassault Systèmes SE, a leader in Computer-Aided Engineering (CAE) companies, recently unveiled the SIMULIA Simulation Portfolio R2024X, featuring updates to its 3DEXPERIENCE platform and key products like Abaqus, CST Studio Suite, and XFlow.

These enhancements bolster structural, fluid, and electromagnetic simulations, enhancing engineering analysis tools.

Additionally, the company expanded its partnership with Cadence Design Systems in February 2024, integrating AI-powered Cadence OrCAD X and Allegro X with the 3DEXPERIENCE Works portfolio, aiming to accelerate design cycles significantly.

Financially, Dassault Systèmes reported strong first-quarter results for 2024, with a 6% revenue increase and notable growth in 3DEXPERIENCE software revenue, driven by strong adoption in sectors such as transportation, mobility, and aerospace.

Geographical Presence

Dassault Systèmes SE maintains a strong global presence with headquarters in Waltham, Massachusetts, USA, and Vélizy-Villacoublay, France.

The company’s reach spans North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, strategically positioning offices in major cities like Tokyo, Shanghai, Pune, Dubai, and Johannesburg.

This expansive network enables Dassault Systèmes to cater to a wide array of industries, including aerospace, automotive, manufacturing, and healthcare, leveraging its advanced software solutions to drive innovation and efficiency worldwide.

Recent Development

  • In June 2024, Dassault Systèmes and Valeo partnered to offer their Global Modular Platform and industry solution for digital transformation, focusing on enhancing connectivity and safety.
  • In May 2024, Medidata and Worldwide Clinical Trials teamed up to speed up clinical research and advance the life sciences industry through real-time, actionable insights at the site level.

MSC-Software

Company Overview

Establishment Year1963
HeadquarterNewport Beach, California, US
Key ManagementRoger Assaker (CEO)
Revenue (US$ Bn)$ 230 Million (2023)
Headcount~ 1,400 (2023)
Websitehttp://www.mscsoftware.com/

About MSC Software

MSC Software Corporation, a key player in Computer-Aided Engineering (CAE) companies and now part of Hexagon AB, continues to innovate its simulation software to meet diverse industry needs.

Renowned for MSC Nastran, a versatile tool for structural analysis covering static, dynamic, and thermal scenarios across linear and nonlinear domains, MSC Software has recently upgraded its capabilities in high-performance computing.

These improvements boost efficiency and precision. Additionally, the company has advanced automated structural optimization, streamlining design processes for sectors like automotive, aerospace, and shipbuilding.

These advancements decrease reliance on physical prototypes, enhance safety and performance, and reduce development costs.

MSC Software remains committed to integrating cutting-edge technologies and maintaining its leadership in the evolving CAE market landscape.

Geographical Presence

MSC Software Corporation, a leader in computer-aided engineering (CAE) solutions, maintains a robust global presence across North America, Europe, Asia-Pacific, Latin America, and select markets in the Middle East and Africa.

Headquartered in the United States, MSC Software has established key offices in California, Michigan, and major European countries like Germany and the UK, supporting industries such as automotive and aerospace.

In Asia-Pacific, including Japan, China, and India, the company addresses a growing demand for CAE technologies.

Strategic partnerships with local distributors further enhance its reach, ensuring the effective deployment of engineering simulation tools worldwide.

Altair-Engineering

Company Overview

Establishment Year1985
HeadquarterTroy, Michigan, U.S.
Key ManagementJames R. Scapa (CEO)
Revenue (US$ Bn)$ 601.6 M (2023)
Headcount~ 3,200 (2022)
Websitehttps://altair.com/

About Altair Engineering

Altair Engineering Inc. is a major player in Computer-Aided Engineering (CAE) companies and is renowned for its wide array of simulation and high-performance computing solutions. Recently, Altair has expanded its capabilities and market presence.

In July 2024, Altair announced the acquisition of Metrics Design Automation Inc., enhancing its electronic design automation (EDA) simulation offerings, including the introduction of DSim, an innovative EDA simulation-as-a-service solution.

The company also reported record software revenue in Q1 2024, driven by strong product demand. Altair continues to integrate advanced computational intelligence, data analytics, and AI to deliver cutting-edge solutions across industries, promoting informed decision-making and sustainable growth.

Geographical Presence

Altair Engineering Inc., based in Troy, Michigan, has a global footprint across North America, Europe, Asia-Pacific, Latin America, and the Middle East/Africa.

Its North American offices support the automotive and aerospace sectors. In Europe, Munich and Paris serve manufacturing industries.

In Asia-Pacific, Tokyo, Seoul, Bangalore, and Shanghai cater to the electronics and automotive sectors. In Latin America, São Paulo and Mexico City meet regional needs.

Offices in Dubai and Johannesburg serve construction and telecommunications in the Middle East and Africa.

This extensive network allows Altair to deliver specialized engineering solutions and consulting services worldwide, tailored to local market demands.

Recent Developments

  • In June 2024, Altair Engineering agreed to acquire Metrics Design Automation Inc.
  • In June 2024, Altair Engineering Inc. opened a new office in Thessaloniki, Greece.

Autodesk

Company Overview

Establishment Year1982
HeadquarterSan Francisco, California, U.S.
Key ManagementAndrew Anagnost (CEO)
Revenue (US$ Bn)$ 5.5 Billion (2024)
Headcount~ 14,100 (2024)
Websitehttps://www.autodesk.com/

About Autodesk

Autodesk, Inc. is a leading provider in the Computer Aided Engineering (CAE) sector, offering Autodesk Fusion 360 as its flagship tool.

Fusion 360 integrates CAD, CAM, and CAE functionalities, supporting engineers in designing, analyzing, and optimizing products seamlessly from conception to manufacturing.

Recent developments include expanding cloud-based capabilities through partnerships, such as with SimScale in January 2024, enhancing simulation capabilities directly from CAD models.

Autodesk also advances CAE with features like AI-driven generative design, which accelerates design exploration and improves product performance.

These innovations streamline processes, reduce prototyping needs, and bolster Autodesk’s position across industries from automotive to consumer goods.

Geographical Presence

Autodesk, Inc., headquartered in San Rafael, California, maintains a global presence with strategic offices across North America (including San Francisco, Boston, and Toronto), Europe (London, Munich, Paris), Asia-Pacific (Tokyo, Shanghai, Singapore, Sydney), Latin America (São Paulo, Mexico City), and the Middle East (Dubai) and Africa (Johannesburg).

This geographical distribution supports Autodesk’s strategy of providing localized sales, customer support, and operational capabilities tailored to diverse markets worldwide.

It reinforces its leadership in software solutions for architecture, engineering, construction, manufacturing, media, and entertainment industries.

Recent Developments

  • In June 2024, Autodesk, Inc. acquired Datum360, a data platform for sharing information.
  • In June 2024, Autodesk, Inc. sold a stake to Starboard Value for US$500 million.

Bentley-Systems

Company Overview

Establishment Year1984
HeadquarterExton, Pennsylvania, U.S.
Key ManagementGreg Bentley (CEO)
Revenue (US$ Bn)$ 1.2 Billion (2022)
Headcount~ 5,200 (2022)
Websitehttp://bentley.com/

About Bentley Systems

Bentley Systems Inc., a significant player in Computer Aided Engineering (CAE), provides advanced software solutions for infrastructure engineering.

Key offerings include MicroStation for modeling, the iTwin platform for digital twins, and cloud tools like Bentley Infrastructure Cloud for project management and asset operations.

In 2023, Bentley Systems reported strong financial performance, with revenues totaling $1.23 billion, marking an 11.8% increase from the previous year.

Annual recurring revenue (ARR) also grew by 12.5%. The company is actively pursuing strategic acquisitions to enhance its asset analytics capabilities.

Bentley Systems has launched innovative products such as OpenTower for communications towers and Blyncsy for roadway conditions, utilizing AI to scale infrastructure digital twins.

Geographical Presence

Bentley Systems Inc., headquartered in Exton, Pennsylvania, USA, operates a global network of offices strategically positioned across North America, Europe, Asia-Pacific, Latin America, and the Middle East/Africa.

In North America, key locations include Philadelphia, San Francisco, and Toronto. In Europe, Bentley Systems has offices in London, Munich, and Madrid, among others.

In Asia-Pacific, it maintains a presence in Singapore, Beijing, and Sydney. Latin American operations are centered in São Paulo and Mexico City, while in the Middle East and Africa, offices are located in Dubai and Johannesburg.

This expansive geographical footprint enables Bentley Systems to provide localized support and innovative infrastructure engineering solutions worldwide.

Recent Developments

  • In April 2024, Bentley Systems, Worldsensing, and Topcon Positioning Systems collaborated to integrate GNSS technology, improving geospatial data accuracy and operational efficiency.
  • In April 2024, Bentley Systems announced its plans to be acquired by Schneider Electric.

ESI-Group

Company Overview

Establishment Year1973
HeadquarterBagneux, France
Key ManagementHamish Gray (Chairman)
Revenue (US$ Bn)$ 140.8 Billion (2022)
Headcount~ 1,000 (2023)
Websitehttp://www.esi-group.com/

About ESI Group

ESI Group, a leader in Computer-Aided Engineering (CAE) companies, specializes in virtual prototyping and predictive physics modeling.

Their software solutions are widely used in automotive, aerospace, and heavy machinery industries to simulate and optimize product designs and manufacturing processes.

Recently, ESI Group launched Visual-Environment 9.0, an advanced multi-domain simulation platform that integrates various CAE domains, including Computational Fluid Dynamics (CFD) with OpenFOAM®, and enhances capabilities in electromagnetic compatibility and composite material analysis.

This platform streamlines CAE processes—from design and simulation to visualization and reporting—within a unified environment.

ESI Group is also focusing on improving user experience and workflow efficiency by integrating local databases and a decision support system.

Geographical Presence

ESI Group SA, headquartered in France since 1973, maintains a global presence with offices strategically located across Europe, North America, Asia-Pacific, and Latin America.

In Europe, it operates from key hubs, including Germany, the UK, Italy, and Scandinavia, supporting industries such as automotive and aerospace.

In North America, ESI Group serves clients from offices in the US and Canada, focusing on the automotive and aerospace sectors.

Across Asia-Pacific, including China, Japan, South Korea, and India, ESI Group enhances product development in electronics and heavy machinery.

In Latin America, its presence in Brazil and Mexico strengthens its support for automotive manufacturing. ESI Group’s global network ensures proximity to clients, facilitating innovative virtual prototyping solutions tailored to local market needs.

Recent Development

  • In June 2023, ESI Group received a takeover offer from Keysight Technologies, Inc.
  • In March 2021, ESI Group launched the VibSEA project to help aircraft engine manufacturers.

AVEVA-Group

Company Overview

Establishment Year1967
HeadquarterCambridge, England, UK
Key ManagementCaspar Herzberg (CEO)
Revenue (US$ Bn)$ 5.9 Billion (2023)
Headcount~ 6,500 (2023)
Websitehttps://aveva.com/

About AVEVA

AVEVA Group plc, a significant provider in Computer Aided Engineering (CAE), offers extensive software solutions for design, engineering, and operations across industries such as oil and gas, marine, power, and pharmaceuticals.

Their software suite supports digital transformation efforts, enhancing efficiency and reducing costs for businesses.

Following its acquisition by Schneider Electric in January 2023, AVEVA has strengthened its market position by integrating digital automation and energy management capabilities.

This strategic move, led by CEO Craig Hayman, formerly of PTC Inc., aims to leverage Schneider Electric’s resources for innovation and expansion into sectors like food and beverages and pharmaceuticals.

Geographical Presence

AVEVA Group plc, a global leader in engineering and industrial software, maintains a strategic geographical presence across key regions.

In Europe, the company operates from hubs in the UK, Norway, France, and Germany, supporting innovation and client services.

North America sees AVEVA active in major cities like Houston and Irvine, catering primarily to the oil, gas, and utilities sectors.

In Asia-Pacific, including China, Singapore, and India, AVEVA focuses on local market needs. The Middle East, Africa, and Latin America also host AVEVA offices, bolstering its global reach in sectors such as energy, infrastructure, and manufacturing.

This widespread presence positions AVEVA to deliver tailored solutions and support to a diverse international clientele.

Recent Developments

  • In October 2023, AVEVA Group signed two contracts with Kent to help energy customers benefit from sustainability advantages.
  • In October 2023, AVEVA Group partnered with Microsoft to improve their respective data integration platforms.

PTC

Company Overview

Establishment Year1985
HeadquarterBoston, Massachusetts, U.S.
Key ManagementNeil Barua (CEO)
Revenue (US$ Bn)$ 2.1 Billion (2023)
Headcount~ 7,231 (2023)
Websitehttp://ptc.com/

About PTC

PTC Inc. is a notable player in the Computer Aided Engineering (CAE) sector. Providing advanced software solutions like Creo for CAD and Windchill for PLM.

These tools help engineers and manufacturers streamline product design and lifecycle management. Recently, PTC announced its significant role in the nuclear fusion breakthrough at Lawrence Livermore National Laboratory.

Where its technologies were crucial in developing the National Ignition Facility. Additionally, PTC has established strategic partnerships with major companies like Volkswagen Group and Schaeffler to drive digital transformation and enhance their engineering processes​​.

Geographical Presence

PTC Inc., headquartered in Boston, Massachusetts, maintains a strong global presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East.

In North America, it leverages its Boston base to support industries like automotive and aerospace. In Europe, PTC operates from key cities such as Munich and Paris, focusing on digital transformation in industries.

Across Asia-Pacific, including China and Japan, PTC drives smart manufacturing solutions. Its global strategy extends to Latin America and the Middle East, aiming to enhance market reach and forge strategic alliances.

This widespread presence underscores PTC’s commitment to driving innovation and supporting industrial advancements worldwide.

Recent Developments

  • In December 2023, PTC Inc. was awarded an $8.309 million contract modification by the Naval Sea Systems Command. This modification funds an option for provisioned item orders to support model-based production.
  • In October 2023, PTC Inc. partnered with OnProcess to boost recovery and planning operations using the Agora Connector powered by Servigistics.
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Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.

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