Automotive Simulation Market Bwc20023

Global Automotive Simulation Market by Deployment (On-premise, and Cloud), By Component (Software, and Services), By End-market (OEMs, Automotive Component Manufacturer, and Regulatory Bodies), By Application (Prototyping and Testing), By Region (North America, Europe, Asia-Pacific, Latin America, And Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-2026
- Published Date: April 2020
- Report ID: BWC20023
- Available Format: PDF
- Page: 173
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
Attribute |
Details |
Years Considered |
Historical
data – 2016-2019 |
Base
Year – 2019 |
|
Forecast – 2020 – 2026 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
United States, Canada, Germany, United Kingdom, France, Italy,
Spain, Brazil, Mexico, Argentina, Japan, China, India, Japan, South Korea,
Saudi Arabia, UAE, South Africa |
Product/Service
Segmentation |
By Deploymenmt, By Component, By
End-market, By Application and Region. |
Key Players |
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. |
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.
Market Segmentation
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