Automotive Simulation Market Overview:
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.
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.
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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 2027, growing
at an impressive CAGR during the assessment period (2021-2027). The rising
demand and production of electric and lightweight vehicles push the market
growth.
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.
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.
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.
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.
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