Automotive Simulation Market Analysis 2021

1. Global Automotive Simulation Market by Deployment, Trend Analysis, Competitive Market Share & Forecast, 2020-2026

2. Automotive Simulation Market- Industry Trends & Forecast Report 2027 Global Automotive Simulation Market is expected to grow at a CAGR of 11.23% to reach USD 3.22 billion by 2026. This increase in market value can be accredited to the substantial R&D activities undergoing in the market, with the use of cloud computing for automotive simulation. Cloud computing allows better vehicle engineering. The design teams can provide exactly what customers want through advanced analytics capabilities. The business have the opportunity to gather more detailed consumer insights through enhanced analytics and real-time monitoring. They are also able to build more efficient designs, as better engineering will lead to less necessary hardware. The demand for improved safety, convenience, and comfort features in automobiles is increasing steadily.

3. Growth Drivers  Rapid technological changes and increase in government regulation related to safety vehicles The growing number of electronic content per vehicle and connected car and instruction by regulatory authorities for vehicle safety is expected to stimulate the market growth. Additionally, increasing technological advancement owing to dynamic government regulation for vehicle safety is impacting the market demand. The technological advancement such as autonomous vehicles,  truck-platooning, and Vehicle-to-everything (V2X) are expected to build opportunities for the automotive simulation market. Continuous research and development activities coupled with increasing usage of cloud computing is contributing to support growth of the market.

4. Restraints  Complexities associated with real-time control hampers the market Complications & constraints related to real-time control associated with simulation software are impeding automotive simulation market growth. As the automation industry is adopting environment-friendly and self-driving vehicles, the old levied regulations will hamper the growth of the automotive simulation market. The governing bodies are required to create new laws along with the revision of the existing laws. Whereas, the lack of standard in integration and stimulation difficulties is also restricting market growth.

5. Regional Insights Geographically, the global Automotive Simulation market is segmented into North America, Europe, Asia-Pacific, and Latin America & Middle East & Africa. The Asia Pacific is expected to have the largest share in the automotive simulation market owing to the increasing industrialization & infrastructural development, creating several opportunities for OEMs. OEMs are providing advanced applications such as keyless entry, auto-park assists, and HMI that will generate the demand for prototyping and testing of new automotive systems. Moreover, increased production and sales of electric vehicle is expected to boost the demand for the market in this region.

6. Competitive Landscape The major market players in the Automotive Simulation market are Altair Engineering, Ansys, PTC, Siemens, Autodesk, DassaultSystèmes, Synopsys, Mathworks, ESI, IPG Automotive, AVL, Aras, Comsol, Simul8 Corporation, Design Simulation Technologies, Dspace GmbH, Opal-Rt, Simscale, Anylogic, and other prominent players. These vendors have adopted various startegies to expand their offerings in the market. Sample Copy of the Report :https://www.blueweaveconsulting.com/report/automotive-simulation-market-bwc20023/report-sample

7. Recent Developments • In May 2018, Siemens AG declared the investment of USD 5 million into American Center for Mobility which includes hardware, software, and support for the Willow Run autonomous testing simulation track. •  In March 2018, ANSYS Inc. stated that they had reached an agreement to acquire OPTIS, which is estimated to expand the technological capabilities of simulation processes and activities for ANSYS Inc.

8. Key Players Altair Engineering, Ansys, PTC, Siemens, Autodesk, DassaultSystèmes, Synopsys, Mathworks, ESI, IPG Automotive, AVL, Aras, Comsol, Simul8 Corporation, Design Simulation Technologies, Dspace GmbH, Opal-Rt, Simscale, Anylogic and other prominent players.

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