Model-Based Enterprises Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

The market for model-based enterprises (MBEs) is projected to generate USD 13.9 billion in revenue in 2024 and is predicted to grow at a CAGR of 15.0% from 2024 to 2030, reaching USD 32.1 billion. The primary drivers of this market's expansion are the changing demands and difficulties faced by businesses in meeting client expectations, which push them to accept new strategies and technological advancements to increase productivity and efficiency. The market is also driven by the expansion of high-quality industries, including aerospace and automotive, that must adhere to strict government safety regulations, as well as by consumers' growing awareness of improved products.

With its digital 3D models that offer information and a visual depiction of every step of a product's lifespan, the MBE technique is applied from manufacture to delivery. Adopting this approach will increase teamwork, reduce errors, improve traceability, and improve the accuracy of product data.

Key Insights

As Industry 4.0 continues to gain traction globally, manufacturers are actively devising strategies to integrate its guiding principles and gain long-term benefits. A key component of creating smart manufacturing is implementing the MBE approach.

Developing smarter, more sustainable, and more efficient manufacturing and product development processes can emerge from this integration, which can lead to change in industries.

By eliminating outmoded functionality, manufacturing software is constantly being updated to include new features.

The IoT adoption makes it easier to integrate developing technologies and provides large volumes of data for a variety of operational activities. This makes it possible to improve manufacturing, product development, and overall operational performance.

The current procedures, processes, and work practices need to be modified in order to transition from traditional drawing methods to MBE.

This involves modifying the company's practices and culture, which makes MBE implementation more difficult.

In addition, a significant investment in training and updates to hardware and software are needed for its implementation.

The design category will hold 40.0% of the market share, which is the largest.

Traditional 2D engineering drawings are mostly replaced by 3D computer-aided design (CAD) models as the source of all additional information throughout the product lifecycle.

This model serves as the foundation for the entire model-based engineering process and offers a thorough product definition, visualization, and model-based manufacturing.

With a 35% share in 2024, aerospace and defense is the largest category. This is because of the intricacy of the goods, the necessity for innovation, the adoption of digital technology in the aerospace and defense sectors, and the potential for cost reductions with the MBE method.

By 2024, North America will have the largest market share, at 45%. This is because the U.S. generally implements advanced technologies first worldwide.

Some important aspects contributing to the growth of this market include the well-established aerospace sector, strong technological foundations, supporting laws, and strict product quality requirements.

Prominent firms that provide MBE solutions that are easily integrated into industry 4.0 processes are based in this region, such as Autodesk, GE, and PTC.

With a 15.5% CAGR through 2030, APAC is the region with the fastest growth. This is due to the expanding aerospace industry, fast urbanization, and MBE-focused environment.

Product Code: 13053

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by model type
- 1.4.2. Market size breakdown, by end use
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Model Type (2019-2030)
6.3. Market Revenue, by End Use (2019-2030)
6.4. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Model Type (2019-2030)
7.3. Market Revenue, by End Use (2019-2030)
7.4. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Model Type (2019-2030)
8.3. Market Revenue, by End Use (2019-2030)
8.4. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Model Type (2019-2030)
9.3. Market Revenue, by End Use (2019-2030)
9.4. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Model Type (2019-2030)
10.3. Market Revenue, by End Use (2019-2030)
10.4. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Model Type (2019-2030)
11.3. Market Revenue, by End Use (2019-2030)
11.4. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Model Type (2019-2030)
12.3. Market Revenue, by End Use (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Model Type (2019-2030)
13.3. Market Revenue, by End Use (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Model Type (2019-2030)
14.3. Market Revenue, by End Use (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Model Type (2019-2030)
15.3. Market Revenue, by End Use (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Model Type (2019-2030)
16.3. Market Revenue, by End Use (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Model Type (2019-2030)
17.3. Market Revenue, by End Use (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Model Type (2019-2030)
18.3. Market Revenue, by End Use (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Model Type (2019-2030)
19.3. Market Revenue, by End Use (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Model Type (2019-2030)
20.3. Market Revenue, by End Use (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Model Type (2019-2030)
21.3. Market Revenue, by End Use (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Model Type (2019-2030)
22.3. Market Revenue, by End Use (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Model Type (2019-2030)
23.3. Market Revenue, by End Use (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Model Type (2019-2030)
24.3. Market Revenue, by End Use (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Model Type (2019-2030)
25.3. Market Revenue, by End Use (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Model Type (2019-2030)
26.3. Market Revenue, by End Use (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Model Type (2019-2030)
27.3. Market Revenue, by End Use (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Model Type (2019-2030)
28.3. Market Revenue, by End Use (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Dassault Systemes SA
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. PTC Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. HCL Technologies Limited
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Oracle Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Wipro Ltd.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. Renesas Electronics Corporation
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Cybernet Systems Corporation
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Siemens AG
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Aras Corporation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Airbus SE
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. SAP SE
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Autodesk Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
30.13. ANSYS Inc
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
30.14. Bentley Systems Incorporated
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
30.15. The Boeing Company
- 30.15.1. Business overview
- 30.15.2. Product and service offerings
- 30.15.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Model-Based Enterprises Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)