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The global automotive simulation market is anticipated to reach USD 5.4 billion by 2030, at a CAGR of 13.4% from 2022 to 2030. The exponential growth regarding the technological advancements in the automobile industry can be considered the primary factor that is fueling market growth and development. Additionally factors such as the growing number of connected cars coupled with the increasing electronic component in vehicles and government regulations are driving the growth of the market.
Simulation has been a crucial device and component in the improvement of controllers for automatic cars. Amongst several car demonstrations, simulation was the first one to be examined in automation. Automobile driving simulators are considered to be the popular ones. The simulator structures were evolved to be used in training, research, and development. Originally, exceptional methods of usage of the simulators within the above-stated fields have merged in the course of a long time of their use and development. An automobile simulation is a sophisticated software which simulates passenger vehicles and their additives for trying out & developing driving assistance structures, onboard electricity electronics, automobile dynamic controls, and engine controls. Automotive simulation in the automobile environment is increasing because it enables a person to analyze and helps to learn using without any threat to lifestyles or motors. Automotive simulation in production additionally enables OEMs to discover any shortcomings of the components before its equipped with the automobile, improving the efficiency of the product. Automotive simulation refers to the use of simulation software programs in prototyping and version checking out of an automobile to ensure the whole functionality of the car. It is largely a software program tool, which consists of the validated models followed by its methodologies and designated necessities of automobile technology. The automotive simulation software and its applications lie in training the users and helping them to embrace the new technology.
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The increasing R&D activities in the automobile industry is the primary factor that is driving the market growth and development. The automobile companies are focused on implementing and developing new technologies and their related advancements for transportation and mobility, which will provide numerous benefits and advantages in the future, including the opportunity to optimize the traffic together with improving the efficiency of roadway transportation by utilizing its full capacity. With the help of these technological advancements, the automobile industry is aiming to improve traffic fluidity thereby minimizing the congestion and hence decrease carbon-emissions for both passenger and freight transportation. Additionally, the industry players are also focused in developing the new customer services in order to shape their customer's experience in the 21st century.
In the global automotive simulation market, a huge cost is associated with developing the hardware and software solution. The high expenses pose an additional undertaking in trying out computerized using algorithms. Each new configuration of an automobile or new sensor requires re-calibration of a vehicle, which is labor-intensive in nature. Furthermore, the automobile can be effectively tested under certain conditions which is being constrained both by testing the vehicle in track, or the ongoing traffic conditions of the track and observe that how the testing is being performed. This depicts that the automobile can be examined no quicker than real-time testing and without any speedups or parallel testing. Thus, these factors are currently restraining the market growth and development.
The growth in the overall automobile industry is anticipated to provide lucrative growth opportunities in the near future. Over the years, there has been a tremendous production of passenger cars and commercial vehicles. The growing demand for passenger cars is the primary factor that is driving the production of automobiles. Additionally, increasing population is very well impacting the urbanization and industrialization in developing nations. There has been a tremendous change in the lifestyle of the people owning to the increase in their disposable income. People in developing nations perceive owing a four-wheeler is much more effective and efficient nowadays. Furthermore, the rise in the production of semi-autonomous and autonomous vehicles is expected to have a positive impact on the market growth in recent years.
Intense competition amongst international and key organizations is expected to limit market growth in the upcoming years. The automobile and vehicle producers are steadily moving their production base towards the growing and emerging nations like India and China, in which the corporations can easily have easy to cheap raw materials and labor in which they are able to charge the products low. This, in turn, is anticipated to affect regional industry players notably. This is expected to hinder market growth over the forecast period.
The global automotive simulation market has been segmented based on deployment, component, application, end-users, and regions.
The regions evaluated for the Automotive Simulation market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. North American region emerged as the largest market for automotive simulation, with a 40.5% share of market revenue in 2021. Moreover, over the forecast period, North America is expected to continue its dominance in the market.
North America Automotive Simulation Market Share in 2021 - 40.5%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global automotive simulation industry. Owing to the technological advancements in the field of medical science, the companies are focusing on product innovation and differentiation in order to satisfy the needs and demands of the customers.
In September 2018, the company named ANSYS introduced its new simulation software product called ANSYS 19.2 in the market. This solution aids in accelerating the product design and development process with efficient workflow, thereby solving the difficult problems related to product development more efficiently.
As per The Brainy Insights, the size of the automotive simulation market was valued at USD 1.74 billion in 2021 and is anticipated to reach to USD 5.4 billion by 2030.
Global automotive simulation market is growing at a CAGR of 13.4% during the forecast period 2022-2030.
The global automotive simulation market has been segmented based on deployment, component, application and regions. The on-premises segment held the largest market share in 2021. The software segment, also held the largest market share in 2021.
North America region emerged as the largest market for the automotive simulation market.
The increasing R&D activities in the automobile industry is the key driving factor for the automotive simulation market.
High costs associated with developing the algorithm could hamper the market growth.
Growing automobile industry coupled with the increased production of autonomous vehicles will provide huge opportunities to the market.
Key players are Altair Engineering Inc., Ansys, Inc., Applied Intuition, Ascent Robotics, Autodesk, Inc., AVL, Cognata, Comsol, Dassault Systemes SE, Design Simulation Technologies Inc., Dspace GmbH, ESI group
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Deployment
4.3.2. Market Attractiveness Analysis By Component
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing R&D activities
5.3. Restraints
5.3.1. High costs associated
5.4. Opportunities
5.4.1. Growth in automobile industry
5.5. Challenges
5.5.1. Intense competition
6. Global Automobile Simulation Market Analysis and Forecast, By Deployment
6.1. Segment Overview
6.2. Cloud
6.3. On-premises
7. Global Automobile Simulation Market Analysis and Forecast, By Component
7.1. Segment Overview
7.2. Software
7.3. Services
8. Global Automobile Simulation Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Testing
8.3. Prototyping
9. Global Automobile Simulation Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Automobile simulation Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Automobile Simulation Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Altair Engineering Inc.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Ansys, Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Applied Intuition
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Ascent Robotics
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Autodesk, Inc.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Zoetis
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. AVL
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Cognata
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Comsol
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Dassault Systemes SE
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Design Simulation Technologies Inc.
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Dspace GmbH
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
11.13. ESI group
11.13.1. Business Overview
11.13.2. Company Snapshot
11.13.3. Company Market Share Analysis
11.13.4. Company Product Portfolio
11.13.5. Recent Developments
11.13.6. SWOT Analysis
11.14. ESSS
11.14.1. Business Overview
11.14.2. Company Snapshot
11.14.3. Company Market Share Analysis
11.14.4. Company Product Portfolio
11.14.5. Recent Developments
11.14.6. SWOT Analysis
11.15. Foretellix
11.15.1. Business Overview
11.15.2. Company Snapshot
11.15.3. Company Market Share Analysis
11.15.4. Company Product Portfolio
11.15.5. Recent Developments
11.15.6. SWOT Analysis
11.16. IPG Automotive GmbH
11.16.1. Business Overview
11.16.2. Company Snapshot
11.16.3. Company Market Share Analysis
11.16.4. Company Product Portfolio
11.16.5. Recent Developments
11.16.6. SWOT Analysis
11.17. Siemens AG
11.17.1. Business Overview
11.17.2. Company Snapshot
11.17.3. Company Market Share Analysis
11.17.4. Company Product Portfolio
11.17.5. Recent Developments
11.17.6. SWOT Analysis
11.18. Simscale
11.18.1. Business Overview
11.18.2. Company Snapshot
11.18.3. Company Market Share Analysis
11.18.4. Company Product Portfolio
11.18.5. Recent Developments
11.18.6. SWOT Analysis
11.19. SIMUL8 Corporation
11.19.1. Business Overview
11.19.2. Company Snapshot
11.19.3. Company Market Share Analysis
11.19.4. Company Product Portfolio
11.19.5. Recent Developments
11.19.6. SWOT Analysis
11.20. Synopsys, Inc.
11.20.1. Business Overview
11.20.2. Company Snapshot
11.20.3. Company Market Share Analysis
11.20.4. Company Product Portfolio
11.20.5. Recent Developments
11.20.6. SWOT Analysis
List of Table
1. Global Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
2. Global Cloud In Automobile simulation Market, By Region, 2019–2030 (USD Million)
3. Global On-premises Automobile simulation Market, By Region, 2019–2030 (USD Million)
4. Global Automobile simulation Market, By Component, 2019–2030 (USD Million)
5. Global Software, Automobile simulation Market, By Region, 2019–2030 (USD Million)
6. Global Services, Automobile simulation Market, By Region, 2019–2030 (USD Million)
7. Global Automobile simulation Market, By Application, 2019–2030 (USD Million)
8. Global Testing, Automobile simulation Market, By Region, 2019–2030 (USD Million)
9. Global Prototyping, Automobile simulation Market, By Region, 2019–2030 (USD Million)
10. Global Automobile simulation Market, By Region, 2019–2030 (USD Million)
11. Global Automobile simulation Market, By North America, 2019–2030 (USD Million)
12. North America Automobile Simulation Market, By Deployment, 2019–2030 (USD Million)
13. North America Automobile Simulation Market, By Component, 2019–2030 (USD Million)
14. North America Automobile Simulation Market, By Application, 2019–2030 (USD Million)
15. U.S. Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
16. U.S. Automobile simulation Market, By Component, 2019–2030 (USD Million)
17. U.S. Automobile simulation Market, By Application, 2019–2030 (USD Million)
18. Canada Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
19. Canada Automobile simulation Market, By Component, 2019–2030 (USD Million)
20. Canada Automobile simulation Market, By Application, 2019–2030 (USD Million)
21. Mexico Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
22. Mexico Automobile simulation Market, By Component, 2019–2030 (USD Million)
23. Mexico Automobile simulation Market, By Application, 2019–2030 (USD Million)
24. Europe Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
25. Europe Automobile simulation Market, By Component, 2019–2030 (USD Million)
26. Europe Automobile simulation Market, By Application, 2019–2030 (USD Million)
27. Germany Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
28. Germany Automobile simulation Market, By Component, 2019–2030 (USD Million)
29. Germany Automobile simulation Market, By Application, 2019–2030 (USD Million)
30. France Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
31. France Automobile simulation Market, By Component, 2019–2030 (USD Million)
32. France Automobile simulation Market, By Application, 2019–2030 (USD Million)
33. U.K. Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
34. U.K. Automobile simulation Market, By Component, 2019–2030 (USD Million)
35. U.K. Automobile simulation Market, By Application, 2019–2030 (USD Million)
36. Italy Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
37. Italy Automobile simulation Market, By Component, 2019–2030 (USD Million)
38. Italy Automobile simulation Market, By Application, 2019–2030 (USD Million)
39. Spain Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
40. Spain Automobile simulation Market, By Component, 2019–2030 (USD Million)
41. Spain Automobile simulation Market, By Application, 2019–2030 (USD Million)
42. Asia Pacific Automobile Simulation Market, By Deployment, 2019–2030 (USD Million)
43. Asia Pacific Automobile Simulation Market, By Component, 2019–2030 (USD Million)
44. Asia Pacific Automobile Simulation Market, By Application, 2019–2030 (USD Million)
45. Japan Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
46. Japan Automobile simulation Market, By Component, 2019–2030 (USD Million)
47. Japan Automobile simulation Market, By Application, 2019–2030 (USD Million)
48. China Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
49. China Automobile simulation Market, By Component, 2019–2030 (USD Million)
50. China Automobile simulation Market, By Application, 2019–2030 (USD Million)
51. India Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
52. India Automobile simulation Market, By Component, 2019–2030 (USD Million)
53. India Automobile simulation Market, By Application, 2019–2030 (USD Million)
54. South America Automobile Simulation Market, By Deployment, 2019–2030 (USD Million)
55. South America Automobile Simulation Market, By Component, 2019–2030 (USD Million)
56. South America Automobile Simulation Market, By Application, 2019–2030 (USD Million)
57. Brazil Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
58. Brazil Automobile simulation Market, By Component, 2019–2030 (USD Million)
59. Brazil Automobile simulation Market, By Application, 2019–2030 (USD Million)
60. Middle East and Africa Automobile simulation Market, By Deployment, 2019–2030 (USD Million)
61. Middle East and Africa Automobile simulation Market, By Component, 2019–2030 (USD Million)
62. Middle East Automobile Simulation Market, By Application, 2019–2030 (USD Million)
63. UAE Automobile Simulation Market, By Deployment, 2019–2030 (USD Million)
64. UAE Automobile Simulation Market, By Component, 2019–2030 (USD Million)
65. UAE Automobile simulation Market, By Application, 2019–2030 (USD Million)
66. South Africa Automobile Simulation Market, By Deployment, 2019–2030 (USD Million)
67. South Africa Automobile Simulation Market, By Component, 2019–2030 (USD Million)
68. South Africa Automobile Simulation Market, By Application, 2019–2030 (USD Million)
List of Figures
1. Global Automobile simulation Market Segmentation
2. Automobile simulation Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Automobile simulation Market Attractiveness Analysis By Deployment
9. Global Automobile simulation Market Attractiveness Analysis By Component
10. Global Automobile simulation Market Attractiveness Analysis By Application
11. Global Automobile simulation Market Attractiveness Analysis By Region
12. Global Automobile simulation Market: Dynamics
13. Global Automobile simulation Market Share By Deployment (2021 & 2030)
14. Global Automobile simulation Market Share By Component (2021 & 2030)
15. Global Automobile simulation Market Share By Application (2021 & 2030)
16. Global Automobile simulation Market Share by Regions (2021 & 2030)
17. Global Automobile simulation Market Share by Company (2021)
This study forecasts revenue growth at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global automotive simulation market on the basis of below mentioned segments:
Global Automotive Simulation Market by Deployment:
Global Automotive Simulation Market by Component:
Global Automotive Simulation Market by Application:
Global Automotive Simulation Market by Region:
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