The global automotivesimulation market is growing at a rapid pace, mainly due to the risingdemand for innovative approaches for vehicle safety and test applications.
Besides, the growing demand for high-performance equipment and new solutions
due to dramatic changes in the environment creates significant opportunities.
Also, the market growth majorly attributes to stringent government regulations
for vehicle and passenger safety.
Automotive manufacturers seek a more efficient, sustainable,and précised development process in line with customer requirements in the
future, as they continue to evolve their global development methods through the
use of virtual engineering and simulation tools. Therefore, automakers are
constantly investing in developing a state-of-the-art dynamic driving simulator
for various product developments and original equipment businesses.
With the rising focus on car crash simulations, the marketis expected to witness rising revenues in the years to come. In this regard,
Market Research Future (MRFR) states that the global automotive simulation
market value is expected to rise further by 2027, growing at an impressive CAGR
during the assessment period (2020-2027). The rising demand and production of
electric and lightweight vehicles push the market growth.
Additionally, burgeoning mechanical as well as automotiveengineering streams and attention to passenger protection, escalates market
growth. Government initiatives to reduce road accidents to meet greenhouse gas
requirements and promote lightweight structures significantly boost market
size. Furthermore, increasing sales of passenger vehicles and economic
conditions worldwide substantiate the market demand.
Automotive Simulation Market – Segments
The report is segmented into components, application,deployment, end-users, and regions. The component segment is sub-segmented into
software and services. The application segment is sub-segmented into drive
systems, mechanical components, fluid power, and others. The deployment segment
is sub-segmented into on-premises and cloud.
The end-users segment is sub-segmented into OEM, componentsuppliers, research & engineering organizations, and others. The region
segment is sub-segmented into Asia Pacific, Americas, Europe, and the
Rest-of-the-World.
Global Automotive Simulation Market – Regional Analysis
Europe dominates the global automotive simulation market.The largest market share attributes to growing investments by major OEMs and
stringent safety standards for vehicle manufacturing & testing in the
region. Moreover, the presence of well-established automotive industries in the
region pushes the growth of the market. Also, increasing innovations and focus
on fuel efficiency & sustainability boost the regional market's growth.
North America is the second-largest market for automotivesimulations. The market is driven by increasing investments by OEMs, component
suppliers, and governments. Additionally, the presence of many notable
automakers and industry players in the region drives the market. The early
adoption of advanced technologies stringent vehicle & passenger safety
regulations boosts the market growth in the region.
The Asia Pacific region holds a sizable share in the globalautomotive Simulation market. Factors such as increased production and sales of
electric vehicles in the region boost the demand in the automotive software
market. Besides, the presence of major market players in China,India, South Korea, and Japan substantiates the market size offering innovative
technologies.
Automotive Simulation Market – Competitive Landscape
Highly competitive, the automotivesimulation market appears diversified due to the presence of severalwell-established players. To gain a larger competitive share, players incorporate
strategic initiatives such as mergers & acquisitions, expansion, and
product & technology launches.
Major Players:
Players leading the global automotive simulation marketinclude dSPACE GmbH (Germany), ESI Group (Germany), ANSYS, Inc. (US), Dassault
Systèmes (France), MOOG INC. (US), PG Automotive GmbH (Germany), Siemens PLM
(US), and TESIS GmbH (Germany), among others.
Industry/ Innovation/ Related News:
April 12, 2021 ---- Two American companies,Ansys, a global leader in engineering simulation and Velodyne Lidar, a lidar
technology company, announced their collaboration to transform autonomous
vehicle safety. These companies are developing highly accurate physics-based models
of Velodyne's lidar sensor to detect and track driving hazards.
Ansys' VRXPERIENCE is a next-gen, real-time interactivedriving simulator that models, evaluates and validates lidar designs within a
highly realistic virtual environment. The collaboration is projected to
accelerate the integration of Velodyne's sensor into autonomous vehicles (AV)
to help make roads safer. On April 20 and 21, Velodyne presented 'How Lidar
Sensors, Software and Simulation Advance Autonomous Applications' at Simulation
World 2021.
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