Global Automotive Simulation Market Overview:
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 Some of the key players profiled in the study are 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).
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 2018. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into 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.
- 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
- Increasing developments in the field of autonomous vehicles
- Lack of standards in the simulation and analysis market
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
Target Audience:Vendors 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
Major Objectives Focused through this Study To define, describe, and forecast the Global Automotive Simulation market on the basis of product  , application [Prototyping and Testing], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automotive Simulation market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Automotive Simulation industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Synopsys, Inc (United States), dSPACE GmbH (Germany) and Simulia (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automotive Simulation market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.