About Automotive Simulation
The automotive simulation is a tool suite for simulating combustion engines, vehicle dynamics, electric components, and the traffic environment. Automotive simulation is now significantly important as car and truck makers are making big investments in developing advanced vehicle technology like autonomous driving systems, smart electronics, and safety critical control software, whereas they continue major efforts to improve fuel efficiency and cut emissions. The automotive simulation market is expected to witness a considerable growth in near future owing to rapid technological changes in automotive industry
|Unit||Value (USD Million)|
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Automotive Simulation market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ansys (United States), Altair (United States), Siemens PLM (United States), PTC (United States), Dassault Systemes (France), Design Simulation Technologies (DST) (United States), SimScale (Germany), AnyLogic (United States), Autodesk Inc. (United States) and The MathWorks, Inc (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Synopsys, Inc (United States), dSPACE GmbH (Germany) and Simulia (United States).
AMA Research has segmented the market of Global Automotive Simulation market by , Application (Prototyping and Testing) and Region. On the basis of application, Testing segment is dominating the market in the year 2021 where as Prototyping segment stood as second largest market .
On the basis of geography, the market of Automotive Simulation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment, the sub-segment i.e. On-premises will boost the Automotive Simulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEMs will boost the Automotive Simulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Automotive Simulation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Automotive Simulation Market Dynamics:
- Increasing focus on R&D activities for automotive simulation
- Rapid technological changes in automotive industry worldwide
- New advanced innovation in automobile
- Difficulties in real-time control
|Road Blocks / Challenges|
- Lack of standards in the simulation and analysis market
|Gaps & Opportunities|
- Increasing developments in the field of autonomous vehicles
Market Leaders and their expansionary development strategies
In May 2021, NI (formerly National Instruments Corporation) has acquired monoDrive, a leader in ultra-high-fidelity simulation software for the development of advanced driver assistance systems (ADAS) and autonomous vehicles. and On 13 Dec, 2018, Altair Engineering Inc. today announced that it has completed its previously announced acquisition of Datawatch Corporation. Datawatch provides data intelligence with market leading enterprise data preparation, predictive analytics and visualization solutions that fuel business analytics
In April 2021, AImotive, a specialist in AD and ADAS technology, has released aiSim 3.0, the next-generation version of its ISO 26262 certified simulator for the development and validation of ADAS and AD systems.
Key Target AudienceVendors of automotive simulation, Suppliers and distributors of automotive simulation, Government and regulatory bodies, Technology investors, Research institutes and organizations, Market research and consulting firms and End Users
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.