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UK Video On Demand Market
ID: MRFR/ICT/63343-HCR
200 Pages
September 2025
UK Virtual Engineering Market UK Virtual Engineering Market Research Report: By Software Type (Computer-Aided Designing (CAD), Computer-Aided Manufacturing (CAM), Computer-Aided Engineering (CAE), Architecture, Engineering and Construction (AEC), Electronic Design Automation (EDA)Others), By Deployment Type (On-premises, Cloud), By Organization Size (SME’s, Large Enterprises), By Application (Automation Design, Plant Design, Product Design, 3D MODELLING, Others) and By Industry Vertical (Commercial Industry ... read more
Industry Developments
In May 2024, Siemens Xcelerator, Siemens' open digital business platform, was integrated with Simsol's solutions, a UK leader in digital twin technology. This partnership allows UK manufacturers to directly access factory simulation services, such as automation, motion, and safety modeling, through Siemens' global marketplace, thereby increasing the adoption of virtual engineering tools. Siemens and BAE Systems executed a five-year collaboration agreement in July 2024 to promote digital innovation. The partnership capitalizes on Siemens' Xcelerator platform and BAE's FalconWorks R&D operations to create "factory of the future" solutions that encompass engineering design and manufacturing processes in the United Kingdom. Siemens unveiled a new technology center in Madrid in June 2025 that is associated with cloud and AI capabilities. However, the UK market's most significant development is the UK government's broader industrial digitization support, which is reflected in its investment in AI infrastructure and skills. In particular, the government allocated £275 million to reinforce engineering talent pipelines for the adoption of virtual engineering by enhancing technical training and apprenticeships, including in digital manufacturing and AI.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 25.66(USD Million) |
| MARKET SIZE 2024 | 29.71(USD Million) |
| MARKET SIZE 2035 | 128.97(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 14.279% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | PTC, Siemens, Autodesk, Tata Consultancy Services, Accenture, Siemens Digital Industries Software, Atos, Altair Engineering, Dassault Systemes, IBM, Hexagon AB, MathWorks, Wipro, ANSYS, Capgemini |
| SEGMENTS COVERED | Software Type, Deployment Type, Organization Size, Application, Industry Vertical |
| KEY MARKET OPPORTUNITIES | Remote collaboration tools, Simulation and modeling advancements, Integration of AI technologies, Demand for training solutions, Sustainability in engineering practices |
| KEY MARKET DYNAMICS | Increased demand for digital twins, Rapid advancements in simulation tools, Growth in remote collaboration platforms, Rising adoption of AI technologies, Expansion of engineering consultancy services |
| COUNTRIES COVERED | UK |
FAQs
What is the expected market size of the UK Virtual Engineering Market in 2024?
The UK Virtual Engineering Market is expected to be valued at 29.71 million USD in 2024.
What is the projected market size for the UK Virtual Engineering Market by 2035?
By 2035, the market is projected to reach a value of 128.97 million USD.
What is the expected CAGR of the UK Virtual Engineering Market from 2025 to 2035?
The expected CAGR for the UK Virtual Engineering Market from 2025 to 2035 is 14.279%.
Which software categories are included in the UK Virtual Engineering Market?
The market includes software types such as CAD, CAM, CAE, AEC, and EDA.
What is the market size of Computer-Aided Designing (CAD) by 2035?
The Computer-Aided Designing (CAD) segment is expected to reach 25.0 million USD by 2035.
What is anticipated market size for Computer-Aided Manufacturing (CAM) in 2024?
The Computer-Aided Manufacturing (CAM) segment is anticipated to be valued at 6.5 million USD in 2024.
Who are the key players in the UK Virtual Engineering Market?
Major players in the market include Siemens, Autodesk, and Accenture among others.
What is the expected market value for the Computer-Aided Engineering (CAE) segment in 2024?
The Computer-Aided Engineering (CAE) segment is valued at 7.2 million USD in 2024.
How much is the Architecture, Engineering and Construction (AEC) market expected to grow by 2035?
The AEC market segment is projected to grow to 20.0 million USD by 2035.
What challenges and opportunities exist in the UK Virtual Engineering Market?
Key challenges may include industry competition, while opportunities lie in technological advancements and increased automation.
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