Automotive simulation market size, share, and segmentation by component, application, end-user, regions, and global market forecast 2024-2031

AUSTIN, TEXAS, UNITED STATES, June 11, 2024 /EINPresswire.com/ -- The Automotive Simulation Market Size was valued at USD 1.85 billion in 2023 and is expected to reach USD 4.05 billion by 2031 and grow at a CAGR of 10.3% over the forecast period (2024-2031).

Market Drivers

A powerful combination of environmental and economic reasons is driving the market for automotive simulation software's rapid expansion. By enabling virtual testing and prototype refining, these cutting-edge software technologies are transforming the automotive industry. Significant cost savings in personnel training and production are achieved with this virtual method. The advantages, however, go much beyond financial gains. One of the biggest challenges facing the automotive industry is lowering CO2 emissions. In this case, simulation software is essential. Engineers can reduce a car's environmental effect and completely line it with the industry's broader sustainability aims by digitally testing various design configurations and optimizing automobiles for fuel efficiency. There are many more benefits. The hazards associated with traditional prototyping methods are reduced when manufacturers use these software tools to detect any issues early in the design phase. Further encouraging creativity and pushing the frontiers of design, simulation allows the testing of a larger variety of scenarios in a secure and regulated virtual environment. The market for automobile simulation software grows because of its capacity to handle environmental and economic issues. Simulation software is influencing an environmentally friendlier and more efficient future for the automobile industry by optimizing development processes, cutting expenses, and facilitating the development of eco-friendly vehicles.

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Segment Analysis

By End-User:

-OEMs

-Automotive Component Manufacturers

-Regulatory Bodies

Based On End User

Car manufacturers are the biggest users of automotive simulation software. They've realized its value in optimizing car designs and performance, making it crucial for developing innovative and efficient vehicles. Simulation tools allow them to virtually test designs, identifying and fixing problems before building physical prototypes. This significantly cuts down on development time and costs. As car systems become more complex with new technologies like electric and autonomous driving, the demand for simulation software among carmakers keeps growing. Stricter safety regulations force car manufacturers to heavily rely on these tools to ensure their vehicles meet all the standards.

By Application:

-Prototyping

-Testing

Based On Application

Designing and developing new cars is the leading application for automotive simulation software. This complex process benefits greatly from simulation tools that optimize various design aspects before manufacturing begins. Carmakers leverage these tools to refine designs early on, identify potential issues, and create comprehensive virtual prototypes. This not only improves vehicle performance, safety, and functionality but also speeds up bringing new cars to market by allowing iterative testing before physical prototypes are built.The testing and validation segment is poised for the fastest growth. As technology advances in the automotive industry, rigorous testing becomes crucial for ensuring car reliability and safety. Simulation software allows manufacturers to virtually test vehicles under diverse conditions and scenarios. The growing complexity of car systems, particularly with the integration of advanced technologies, further increases the need for these tools in testing and validation phases.

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The effects of the Russia-Ukraine war and crisis on the economy

The war in Ukraine casts a shadow on the automotive simulation software market. Disruptions to global supply chains can limit access to hardware components needed to run the software. Sanctions and economic uncertainty may also cause car manufacturers to tighten budgets, potentially impacting software purchases. However, the war could also have an unforeseen positive effect. The urgent need for fuel efficiency and alternative energy sources could push carmakers to invest more heavily in simulation tools to develop electric and fuel-efficient vehicles faster. Ultimately, the war's true impact on the market remains to be seen, with both potential challenges and opportunities emerging.

Regional Analysis

North America A Hub for Automotive Simulation

North America reigns supreme in the automotive simulation software market, thanks to a powerful combination of factors. Major carmakers like General Motors and Ford are leading the charge, heavily utilizing these tools to develop vehicles more cost-effectively. The region boasts advanced infrastructure and robust networks, enabling efficient simulation processes that meet stringent safety and emission regulations. North America's strong economy and high disposable income fuel significant investments in research and development, fostering the adoption of cutting-edge simulation technologies. Collaboration between car companies and software developers further accelerates advancements, solidifying North America's leadership position. Within North America, the United States takes the lead. Here, the focus on electric and autonomous vehicles is particularly strong. This focus drives the demand for advanced simulation tools to comprehensively test and validate these new technologies. Additionally, the push for stricter safety standards by regulatory bodies further fuels the adoption of simulation software in the US automotive industry. Ultimately, the efficiency gains and cost savings achieved through virtual testing and prototyping make simulation software a valuable tool for US manufacturers striving to stay at the forefront of automotive innovation.

Prospective findings for the market for Automotive Simulation Market

Increasing demand for electric vehicles and autonomous driving technologies.
Need for efficient development processes and stringent safety regulations.
Rising focus on sustainability and fuel efficiency.
Gain a competitive edge by understanding the latest trends and innovations in automotive simulation software.


Key Players

The major key players are

-ESI Group (Germany),

-PG Automotive GmbH (Germany),

-dSPACE GmbH (Germany),

-ANSYS, Inc. (US),

-MOOG INC. (US),

-Dassault Systèmes (France),

-TESIS GmbH (Germany),

-Siemens PLM (US),

-Rockwell Automation,

-Simulations Plus,

-GSE Solutions,

-Applied Intuition, Inc.

and other key players.

Recent Development

In June 2022 - NI acquired monoDrive, a leader in ADAS simulation software, to boost its presence in the autonomous driving sector. This will help carmakers streamline development, testing, and deployment of safer self-driving systems by bridging the gap between simulation and real-world testing, currently hampered by fragmented tools and inefficient processes.

In February 2024, Dassault Systèmes announced a strategic partnership with BMW Group to develop BMW's future engineering platform, utilizing Dassault Systèmes' 3DEXPERIENCE platform as its core. This collaboration involves over 17,000 BMW employees globally working on a virtual twin of a vehicle, allowing real-time configuration for different model variants. The partnership represents the next phase in their longstanding collaboration, leveraging digital innovation to streamline engineering processes and enhance the development of personalized and sustainable automotive experiences for BMW customers

In January 2024, ANSYS, Inc. announced that its AVxcelerate Sensors will be integrated into NVIDIA DRIVE Sim, a scenario-based autonomous vehicle (AV) simulator powered by NVIDIA Omniverse. This collaboration aimed to enhance the development and validation of AV perception systems, incorporating Ansys' physics solvers for camera, lidar, radar, and thermal camera sensors. The integration enables users to access high-fidelity sensor simulation outputs for training and validating perception ADAS/AV systems in a controlled virtual environment, addressing the challenges of testing and validating sensor suites and software in real-world driving scenarios

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