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Automotive Simulation Software Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Automotive Simulation Software Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Automotive Simulation Software Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 02 Sep 2020
  • Report ID: ICT&S 0087
  • Pages:179
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

The global automotive simulation software market is anticipated to grow at a CAGR of 12.5% during the forecast period. Automotive simulation is described as the virtual recreation of real automotive vehicles in a virtual environment. It is a technology-based on the software used to mimic external factors and predict how a vehicle will communicate with those factors. Moreover, it is also used to teach beginners how to learn the vehicles and driving skills. The software extends its application in detecting defects in the vehicle component at the time of fitting spare parts into the vehicle. Automotive simulation software offers driver assistance, thereby helping individuals acquire driving knowledge efficiently, avoiding any future threat to life and vehicle.

Top Driver: Rapid Technological Changes and Increase in Research and Development Activities

The growing number of electronic vehicles and stringent rules by regulatory authorities for vehicle safety is expected to boost market growth. Besides, increasing technological advancement such as autonomous vehicles, truck-platooning, and Vehicle-to-everything (V2X) attributed to government regulation for vehicle safety is positively impacting the market demand. Moreover, rising investment in the research and development to develop advanced future technologies focused on improving safety features and dynamic technological changes are other factors responsible for market growth.

Drive Systems to Make Crucial Contribution to Growth of the Market

Among application segments of the global automotive simulation software market, drive systems is predicted to show significant growth in future owing to increasing innovative models in the automotive sector installed with new technology. The other segments under technology includes Mechanical Components, Fluid Power. On the basis of end use the market is segmented into OEM, Component Suppliers, Research and Engineering Organizations. The research and engineering organizations accounted for a larger market share.

Rising Vehicle Production to Benefit Asia Pacific Market

Asia Pacific is anticipated to be the largest market for automotive simulation software in the forecast period. The market growth is attributed to the rising vehicle production and hence helps in achieving higher growth rate. Furthermore, changing in-vehicle electronic architecture is anticipated to help the industry to propel. The rising in-vehicle services connected to the external cloud, and expansion of leading OEMs and automotive component suppliers. The market growth can also be attributed to the surge in sales of connected vehicles and government initiatives regarding the utilization of environment-friendly electric vehicles.

Players to Focus on Automotive Simulation Software Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. ESI Group, DSPACE GmbH, ANSYS, Inc., MOOG INC., Dassault Systèmes, PG Automotive GmbH, TESIS GmbH, Siemens PLM, Ansys, Altair among others could be at the forefront of the competition in the global market.

ESI Group: In November 2017, ESI Group, leading innovator in Virtual Prototyping software and services for manufacturing industries, announced the latest release of ESI Virtual Performance Solution (VPS). ESI’s flagship software uniquely addresses the needs of an automotive industry being reshaped by new paradigms. The new generation of thermal engine and electric/hybrid vehicles rely on light-weight multi-material assemblies, including light metals and composites.

Ansys: In May 2018, Ansys acquired OPTIS, becomes Industry’s Leading Solution Provider for Autonomous Vehicle Simulations. With completed acquisition of optical simulation leader OPTIS, Ansys now delivers the industry’s most comprehensive solution for simulating autonomous vehicles.

Scope of the Report

By Application

  • Drive Systems
  • Mechanical Components
  • Fluid Power

By End-User

  • OEM
  • Component Suppliers
  • Research and Engineering Organizations

By Region

  • North America
  • Europe
  • Asia Pacific
  • SAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Automotive Simulation Software Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Automotive Simulation Software Market -Industry Snapshots

6.1             Overview

6.1.1          Global Automotive Simulation Software Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Automotive Simulation Software Market Analysis, by Application

7.1             Overview

7.2             Key Findings for Automotive Simulation Software Market- By Application

7.2.1          Automotive Simulation Software Market- Drive Systems

7.2.2          Automotive Simulation Software Market- Mechanical Components

7.2.3          Automotive Simulation Software Market- Fluid Power

Chapter 8           Global Automotive Simulation Software Market Analysis, by End User

8.1             Overview

8.2             Key Findings for Automotive Simulation Software Market- By End User

8.2.1          Automotive Simulation Software Market- OEM

8.2.2          Automotive Simulation Software Market- Component Suppliers

8.2.3          Automotive Simulation Software Market- Research and Engineering Organizations

Chapter 9           Automotive Simulation Software Market Analysis by Region

9.1             Key Findings for Automotive Simulation Software Market- By region

9.2             Overview

9.2.1          Global Automotive Simulation Software Market Analysis, By Application, 2019 – 2028

9.2.2          Global Automotive Simulation Software Market Analysis, By End User, 2019 – 2028

9.3             Automotive Simulation Software Market – North America

9.3.1          Overview

9.3.2          U.S.

9.3.3          Canada

9.3.4          Mexico

9.3.5          North America Market, By Application

9.3.6          North America Market, By End User

9.4             Automotive Simulation Software Market – Europe

9.4.1          Overview

9.4.2          Germany

9.4.3          United Kingdom

9.4.4          France

9.4.5          Italy

9.4.6          Rest Of Europe

9.4.7          Europe Market, By Application

9.4.8          Europe Market, By End User

9.5             Automotive Simulation Software Market – Asia Pacific

9.5.1          Overview

9.5.2          China

9.5.3          Japan

9.5.4          India

9.5.5          Rest of APAC

9.5.6          Asia Pacific Market, By Application

9.5.7          Asia Pacific Market, By End User

9.6             Automotive Simulation Software Market – SAMEA

9.6.1          Overview

9.6.2          Middle East & Africa (MEA)

9.6.3          South America

9.6.4          Rest Of World

9.6.5          South America, Middle East and Africa Market, By Application

9.6.6          South America, Middle East and Africa Market, By End User

Chapter 10       Market Competition Analysis

10.1           Market Share/Positioning Analysis

10.1.1       Market Positioning of Key Vendors, 2019

10.1.2       Key Strategies Adopted by the Leading Players

10.1.3       Recent Developments

Chapter 11       Company Profiles- Snapshot

11.1           ESI Group

11.1.1       Business Fundamentals

11.1.2       Financial Snapshots

11.1.3       Product Portfolio

11.1.4       Recent Developments

11.2           DSPACE GmbH

11.3           ANSYS, Inc.

11.4           MOOG INC.

11.5           Dassault Systèmes

11.6           PG Automotive GmbH

11.7           TESIS GmbH

11.8           Siemens PLM

11.9           Ansys

11.10        Altair

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 12       Appendix

 

 

 

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