The global automotive simulation market is growing at a rapid pace, mainly due to the rising demand 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
market is 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 2032, growing at an
impressive CAGR during the assessment period (2023-2032). The rising demand and
production of electric and lightweight vehicles push the market growth.
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Additionally, burgeoning mechanical as well as automotive
engineering 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,
component suppliers, 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
automotive simulations. 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
global automotive 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 automotive simulation market
appears diversified due to the presence of several well-established players. To
gain a larger competitive share, players incorporate strategic initiatives such
as mergers & acquisitions, expansion, and product & technology
launches.
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Major Players:
Players leading the global automotive simulation
market include 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
interactive driving 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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