Automotive Simulation Market Competitors and Regional Analysis 2019-2025
Category: #business  By Partha Ray  Date: 2019-08-14
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Automotive Simulation Market Competitors and Regional Analysis 2019-2025

Global Market Insights, Inc. provides a detailed overview of Automotive Simulation Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Asia Pacific is expected to have the largest share in the automotive simulation market due to the rapid industrialization & infrastructural development, creating several opportunities for OEMs. OEMs, with the help of infrastructural development, are offering advanced applications such as auto-park assists, keyless entry, and HMI that will create the demand for testing and prototyping of new automotive systems. This provides a competitive advantage to OEMs and will drive the growth of the automotive simulation market in the region. Moreover, stringent government regulations are compelling manufacturers to improve designs of vehicles accordingly. In 2016, the government of India announced that the country would adopt Bharat Stage VI norms by 2020.

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Automotive Simulation Market is proliferating during the forecast period propelled by stringent norms imposed by governments related to vehicle safety. OEMs are focusing on using the IoT for connected vehicles to assist drivers and improve passenger safety. For instance, the percentage of cars with internet connectivity is anticipated to rise from 13% in 2015 to 75% in 2020. Connected cars is expected to increase to 22% by 2020 from 10% in 2015. AI technologies such as machine learning and deep learning technologies are expected to further enhance applications such as ADAS, and adaptive cruise control, among others to drive the market growth over the forecast period. 

Company Profiles:

1.            Altair Engineering Inc.

2.            Ansys, Inc.

3.            Dassault Systèmes SE

4.            Design Simulation Technologies Inc.

5.            dSPACE GmbH

6.            ESI group

7.            IPG Automotive GmbH

8.            PTC Inc

9.            Siemens AG

10.          SIMUL8 Corporation

11.          Synopsys, Inc.

12.          The MathWorks, Inc

Increasing focus on R&D activities to reduce the carbon footprint and enhance the efficiency of vehicles is driving automotive simulation market growth. OEMs are manufacturing lightweight vehicles as these can combust in less fuel, reducing the carbon footprint and increasing the efficiency of vehicles. OEMs are also manufacturing intelligent vehicles, which detect, predict, and diagnose equipment failures, and perform corrective interventions that include triaging of damage on the go following a collision.

Automotive Simulation Market is expected to witness healthy CAGR to 2025 propelled by increasing demand for design and consulting. The service segment is gaining a large share of the market due to an increase in demand for Software as a Services (SaaS) such as pay per hour services. The on-premises segment is expected to hold the largest market share as it helps in upgrading in-house capabilities of simulation & analysis technology. It also offers various functionalities such as easy deployment, high-end security, and complete access to network solutions.  

Some of the major players operating in the automotive simulation market are Altair Engineering Inc., Ansys, Inc., Dassault Systèmes SE, Design Simulation Technologies, Inc., dSPACE GmbH, ESI Group, IPG Automotive GmbH, PTC, Inc, Siemens AG, SIMUL8 Corporation, Synopsys, Inc., and The MathWorks, Inc.

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Methodology used in this report: -

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the Automotive Simulation Market. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Automotive Simulation Market Definition and scope of research
  • Automotive Simulation Market dynamics, growth drivers and industry pitfalls
  • Automotive Simulation Market Regulatory and political guidelines for the industry
  • Automotive Simulation Market Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating Automotive Simulation Market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Automotive Simulation Market Key customers and B2B clients

Market research reports: Key analytical components

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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