Automotive Simulation Market Forecast and Trends
Global Automotive Simulations market forecast a
CAGR of 11.23% from USD 1.6 billion in 2019 to reach USD 3.22 billion by 2026. The
rising production of automobiles is expected to accelerate the growth of
automotive simulation market. Moreover, initial design and evaluation of
hybrid, and conventional drive systems including operating strategies and
thermal management is expected to augment the growth automotive simulation
The major factors driving the market growth are
increasing demand for environmental-friendly simulation program generators
which tend to offer information at the macro level; developing simulators to
control traffic, wildlife, pedestrians, and other vehicles; and enhancement in
the analysis of the decision-making processes in the assembly plants.
Global Automotive Simulation Market:
Automotive simulation may be
described as the virtual recreation of real automotive vehicles in a virtual
environment. It is a technology based on software that is used to imitate
external factors and predicts how a vehicle will communicate with those factors.
It is also used to teach the beginners how to learn the vehicles and driving
fundamentals. This software is also utilized to detect defects in the vehicle
component at the time of fitting spare parts into the vehicle. As automotive
simulation software offers driver assistance, it helps the person to acquire
driving knowledge efficiently, avoiding any threat to life and vehicle.
technological changes and increase in government regulation related to safety
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.
focus of Research & Development activities
Growing investment in the research and development
to proceed further for advanced future technologies along with dynamic
technological changes are responsible for the market growth. These technologies
are majorly focused on improving safety features and help to the drivers. In
addition to this, the increasing demand from consumers for vehicles with
autonomous features and advanced safety is anticipated to drive the market
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.
Global Automotive Simulation Market: Deployment
Based on deployment, global Automotive Simulation
Market is bifurcated into On-premise, and Cloud. The on-premises segment of the
automotive simulation market is expected to hold the largest share during the
forecast period owing to their varied range of features such as easy
deployment, high-end security, and complete access to network solutions. The
on-premises deployment mode assist in upgrading the in-house proficiencies of
the simulation and analysis technology.
Global Automotive Simulation Market: Component
On the basis of component, global Automotive
Simulation Market is bifurcated into Software, and Services. The services
segment is projected to be the fastest growing segment. The demand for for this
segment is expected to increase, specially for design and consulting. The
market share of this segment is increasing due to an rising demand for software
as a service such as pay per hour and pay per use services.
Global Automotive Simulation Market: End-market
the basis of end-market, the global automotive simulation market is classified
into OEMs, Automotive Component Manufacturer, and Regulatory Bodies. The
regulatory bodies segment is expected to be the fastest growing market in terms
of value. The use of simulation software by the regulatory bodies will increase
as the industry move towards priority of manufacturing self-driving cars and
Global Automotive Simulation Market: Regional
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
Global Automotive Simulation Market: Competitive Landscape
The major market players in the
Automotive Simulation market are Altair Engineering, Ansys, PTC, Siemens,
Autodesk, Dassault Systèmes, 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.
Global Automotive Simulation Market: Recent Developments
Ø 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
Ø 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.
Scope of the Report
data – 2016-2019
Year – 2019
Forecast – 2020 – 2026
Revenue in USD Billion
United States, Canada, Germany, United Kingdom, France, Italy,
Spain, Brazil, Mexico, Argentina, Japan, China, India, Japan, South Korea,
Saudi Arabia, UAE, South Africa
By Deploymenmt, By Component, By
End-market, By Application and Region.
Altair Engineering, Ansys, PTC,
Siemens, Autodesk, Dassault Systèmes, Synopsys, Mathworks, ESI, IPG
Automotive, AVL, Aras, Comsol, Simul8 Corporation, Design Simulation
Technologies, Dspace GmbH, Opal-Rt, Simscale, Anylogic and other prominent
Ø Regulatory Bodies
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East &
The objective of the Study:
Ø To analyze and forecast the global Automotive
Simulation Market size of the market in terms of value.
Ø To examine the careful market segmentation and
forecast the market size, in terms of value, based on the region by segmenting.
Ø The Global Automotive Simulation Market segmented into five regions, namely, North America, Europe, Asia
Pacific, Latin America and Middle East & Africa coupled with their leading
Ø To outline, categorized, and forecast the global
Automotive Simulation Market based on the Deployment, Component, End-market,
Application, coupled with the region.
Ø To examine competitive developments like
technological advancement, services, and regulative framework within the global
Automotive Simulation Market.
Ø To highlight the impact analysis of the factors
affecting the market dynamics such as drivers, restraints, opportunities, and
Ø To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.