Digital Engineering – August 2019

DigitalEngineering247.com /// August 2019 DE| Technology for Optimal Engineering Design (^7)
//////////////////////////////////////////////////////////////////////////////////////////////////////////
|IMMERSIVE ENGINEERING
69% by 2023
Sixty-nine percent of respondents expect
AR/VR to become mainstream in the next
five years.
— “Augmented and Virtual Reality Trends Survey,”
Jabil, 2018
In 2018 simulation and analysis revenues grew to nearly $6.5 billion, an
increase of 13.1% over the $5.7 billion in 2017. For 2019, it is expected
to grow 11.6% overall and have revenues of just over $7.2 billion. It is
forecast to reach nearly $11 billion in 2023, with an 11.1% CAGR.
— “CIMdata Simulation and Analysis (S&A) Market Analysis Report,”
CIMdata, June 25, 2019
Sizing Up Simulation
Immersive Acceptance

• Capitalize on
  Digital Disruption


• Computing


• Immersive Design


• Simulation


• Ever-Growing
  Repository

A

RESOURCE

FOR DESIGN

ENGINEERS

To Learn More

Go To:

http://www.APDRC.com

2014 2015 2016 2017 2018 2019* 2020* 2021* 2022* 2023*

* Estimated

$12B

$10B

$8B

$6B

$4B

$2B

0

Software

Services

$11B 2023 Revenues

About 22.8 million AR glasses

are expected to be shipped

by 2020. The user base for AR

technologies is also expected to

grow beyond 1 billion by 2020.

— “Augmented Reality Market Size -

Growth, Trends, and Forecasts,” Mordor

Intelligence, 2018

22.8M

AR glasses shipped 2020

DE_0819_By_The_Numbers_Gooch.indd 7 7/11/19 10:23 AM