Report Overview

Global 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 market.

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.

Source: BlueWeave Consulting

Global Automotive Simulation Market: Overview

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.

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.

Increasing 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 growth.

Restraint

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

On 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 environment-friendly vehicles.

Global Automotive Simulation Market: 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.

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 simulation track.

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

 By Deployment

Ø  On-premise

Ø  Cloud

By Component

Ø  Software

Ø  Services

By End-market

Ø  OEMs

Ø  Automotive Component Manufacturer

Ø  Regulatory Bodies

By Application

Ø  Prototyping

Ø  Testing

By Region:  

Ø  North America

Ø  Europe

Ø  Asia Pacific

Ø  Latin America

Ø  Middle East & Africa

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 countries.

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 challenges.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

SCOPE           

1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary & Secondary Sources

2.3. Breakdown of Primary Research Respondents, By Region

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents

2.5. Market Size Estimation

2.6. Assumption For The Study

2.7. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Automotive Simulation Insights

4.1. DROC Analysis

4.1.1.   Growth Drivers

4.1.2.   Restraints

4.1.3.   Opportunities

4.1.4.   Challenges

4.2. Technological Landscape/Recent Developments

4.3. Regulatory Framework

4.4. Company Market Share Analysis,2019

4.5. Porter’s Five Forces Analysis

4.5.1.   Bargaining Power of Suppliers

4.5.2.   Bargaining Power of Buyers

4.5.3.   Threat of New Entrants

4.5.4.   Threat of Substitutes

4.5.5.   Intensity of Rivalry

5.    Global Automotive Simulation Market Overview

5.1. Market Size & Forecast By Value, 2016-2026

5.1.1.   By Value (USD Billion)

5.2. Market Share & Forecast

5.2.1.  By Deployment

5.2.1.1.       On-premise

5.2.1.2.       Cloud

5.2.2.  By Component

5.2.2.1.       Software

5.2.2.2.       Services

5.2.3.  By End-market

5.2.3.1.       OEMs

5.2.3.2.       Automotive Component Manufacturer

5.2.3.3.       Regulatory Bodies

5.2.4.  By Application

5.2.4.1.       Prototyping

5.2.4.2.       Testing

5.2.5.  By Region

5.2.5.1.       North America

5.2.5.2.       Europe

5.2.5.3.       Asia Pacific

5.2.5.4.       Latin America

5.2.5.5.       Middle East & Africa

6.    North America Automotive Simulation Market

6.1. Market Size & Forecast By Value, 2016-2026

6.1.1.   By Value (USD Billion)

6.2. Market Share & Forecast

6.2.1.   By Deployment

6.2.2.   By Component

6.2.3.   By End-market

6.2.4.   By Application

6.2.5.   By Country

6.2.5.1.       United States

6.2.5.2.       Canada

7.    Europe Automotive Simulation Market

7.1. Market Size & Forecast By Value, 2016-2026

7.1.1.   By Value (USD Billion)

7.2. Market Share & Forecast

7.2.1.   By Deployment

7.2.2.   By Component

7.2.3.   By End-market

7.2.4.   By Application

7.2.5.   By Country

7.2.5.1.       Germany

7.2.5.2.       United Kingdom

7.2.5.3.       France

7.2.5.4.       Italy

7.2.5.5.       Spain

7.2.5.6.       Rest of Europe

8.    Asia Pacific Automotive Simulation Market

8.1. Market Size & Forecast By Value, 2016-2026

8.1.1.   By Value (USD Billion)

8.2. Market Share & Forecast

8.2.1.   By Deployment

8.2.2.   By Component

8.2.3.   By End-market

8.2.4.   By Application

8.2.5.   By Country

8.2.5.1.       China

8.2.5.2.       India

8.2.5.3.       Japan

8.2.5.4.       South Korea

8.2.5.5.       Rest of Asia Pacific

9.    Latin America Automotive Simulation Market

9.1. Market Size & Forecast By Value, 2016-2026

9.1.1.   By Value (USD Billion)

9.2. Market Share & Forecast

9.2.1.   By Deployment

9.2.2.   By Component

9.2.3.   By End-market

9.2.4.   By Application

9.2.5.   By Country

9.2.5.1.       Brazil

9.2.5.2.       Mexico

9.2.5.3.       Argentina

9.2.5.4.       Rest of Latin America

10.Middle East & Africa Automotive Simulation Market

10.1.             Market Size & Forecast By Value, 2016-2026

10.1.1.                By Value (USD Billion)

10.2.             Market Share & Forecast

10.2.1.                By Deployment

10.2.2.                By Component

10.2.3.                By End-market

10.2.4.                By Application

10.2.5.                By Country

10.2.5.1.    Saudi Arabia

10.2.5.2.    UAE

10.2.5.3.    South Africa

10.2.5.4.    Rest of Middle East and Africa

11.Company Profile (Company Overview, Financial Matrix, Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)*

11.1.   Altair Engineering

11.2.   Ansys

11.3.   PTC

11.4.   Siemens

11.5.   Autodesk

11.6.   Dassault Systèmes

11.7.   Synopsys

11.8.   Mathworks

11.9.   ESI

11.10.          IPG Automotive

11.11.          AVL

11.12.          Aras

11.13.          Comsol

11.14.          Simul8 Corporation

11.15.          Design Simulation Technologies

11.16.          Dspace GmbH

11.17.          Opal-Rt

11.18.          Simscale

11.19.          Anylogic

11.20.          Other Prominent Players

*Financial Details will be captured as per data availability in case of unlisted companies.

**The user segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable.