The global automotive systems simulation software industry is expected to reach $2.6 billion by 2028

DUBLIN, April 4, 2022 /PRNewswire/ — Added the Automotive System Simulation Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type, Vehicle Type, and Propulsion Type report ResearchAndMarkets.com Offer.

The market for simulation software for automotive systems is expected to be reached $2,616.37 million until 2028 $1,142.52 million in 2021; it is expected to grow by a CAGR from 12.6% from 2021 to 2028.

APAC is at the forefront of automobile production and sales, largely due to the presence in the region of the world’s leading automobile companies such as Honda, Tata, Toyota and Geely Auto Group. Fast-growing economies such as China and India and developed countries such as Japan, Singaporeand Australia create an enormous demand for new vehicles. Asian countries’ current focus on developing a solid manufacturing sector has improved the prospects for automotive manufacturing in the region.

For example in Aug 2021, the Indian government launched the Automobile Mission Plan with a focus on increasing the contribution of the automobile sector to national GDP to 12% and creating around 50 million new jobs. Additionally, an unprecedented need to limit air pollution due to alarming levels of emissions, particularly from passenger cars, has encouraged these countries to enact strict internal combustion engine regulations. In addition, countries in the region, in particular China and Japan, request the acceptance of electric vehicles. Electric vehicle manufacturers have sold a whopping 3.3 million units, according to ZoZo Go China in 2021, registering an increase from 1.3 million in 2020 and 1.2 million in 2019. The above factors are expected to drive the automotive systems simulation software market in this region as these solutions drive the production of vehicles and their can accelerate components without compromising their reliability.

The Automotive Systems Simulation Software Market consists of prominent market players such as Ansys, Inc.; hexagon AB; Siemens AG; and dSPACE GmbH. These companies dominate the market through new product development, acquisition and expansion strategies. in the December 2021dSPACE GmbH, KPIT Technologies and Microsoft Corporation have worked together to offer a unique solution for OEMs and Tier 1 companies to achieve approval for advanced driver assistance systems.

Effects of COVID-19

The COVID-19 crisis has had a cascading impact on the global automotive industry since it began in Chinawhere sales plummeted 71% February 2020; and then, through April, US sales fell 47% and plummeted a staggering 80% Europe. This lowered market demand as demand from major automakers has fallen. However, as the supply chain regained some strength from Q3 2020 to Q2 2021, automakers saw a steady increase in production levels.

In addition, the crisis brought about rapid change in the entire mobility value chain and accelerated the previous digitization process. Although the pandemic-related restrictions had resulted in prolonged or periodic shutdowns of production lines, off-shop processes continued to be attended to by workers with secure connections through work-from-home or remote work models. The market for simulation software for automotive systems has strongly supported the production and research of car manufacturers during the crisis, as the product development process has been able to continue with limited or no access to laboratories.

reasons to buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Automotive Systems Simulation Software Market
  • Highlights key business priorities to help organizations realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Automotive Systems Simulation Software Market, thereby allowing players along the value chain to develop effective long term strategies
  • Develop/modify business expansion plans by leveraging significant growth offerings in both developed and emerging markets
  • Examine in-depth global market trends and prospects combined with the factors driving the market as well as those hindering it
  • Improve the decision-making process by understanding the strategies driving commercial interest around customer products, segmentation, pricing and distribution

Main topics covered:

1 Introduction

2. Key takings

3. Research methodology

4. Automotive Systems Simulation Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEAS
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Opinion

5. Automotive Systems Simulation Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upgrade vehicle functions and increase the number of E/E components
5.1.2 Growing production and sales of electric vehicles
5.2 Market Restrictions
5.2.1 Possibility of Invalid Research Results
5.3 Market Opportunities
5.3.1 Booming automotive sector in Asia Pacific
5.4 Future Trends
5.4.1 Popularity of Autonomous Vehicles
5.5 Impact Analysis of Drivers and Constraints

6. Automotive Systems Simulation Software-Global Market Analysis
6.1 Global Automotive System Simulation Software Market Overview
6.2 Global Automotive Simulation Software Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players

7. Automotive Systems Simulation Software Market Analysis – by Type
7.1 Overview
7.2 Automotive Simulation Software Market by Type (2020 and 2028)
7.3 Transfer
7.3.1 Overview
7.3.2 Transmission: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)
7.4 Engine
7.4.1 Overview
7.4.2 Engine: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)
7.5 Electric drive
7.5.1 Overview
7.5.2 Electric Powertrain: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)
7.6 Fuel Cell
7.6.1 Overview
7.6.2 Fuel Cell: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)
7.7 Powertrain
7.7.1 Overview
7.7.2 Powertrain: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)
7.8 Chassis
7.8.1 Overview
7.8.2 Chassis: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)
7.9 Miscellaneous
7.9.1 Overview
7.9.2 Other: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)

8. Global Automotive Systems Simulation Software Market Analysis – by Vehicle Type
8.1 Overview
8.2 Automotive Systems Simulation Software Market by Vehicle Type (2020 and 2028)
8.3 Passenger Vehicles
8.3.1 Overview
8.3.2 Passenger Car: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)
8.4 Commercial Vehicles
8.4.1 Overview
8.4.2 Commercial Vehicles: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)

9. Global Automotive Systems Simulation Software Market Analysis – by Powertrain Type
9.1 Overview
9.2 Automotive Systems Simulation Software Market by Powertrain Type (2020 and 2028)
9.3 ICE
9.3.1 Overview
9.3.2 ICE: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)
9.4 Electrical
9.4.1 Overview
9.4.2 Electrical: Automotive Systems Simulation Software Market Revenue and Forecast to 2028 (Million USD)

10. Automotive Systems Simulation Software Market – Geographical Analysis

11. Automotive Systems Simulation Software Market – Covid-19 Impact Analysis
11.1 Overview
11.2 North America: Impact assessment of the Covid-19 pandemic
11.3 Europe: Impact assessment of the Covid-19 pandemic
11.4 Asia Pacific: Impact assessment of the Covid-19 pandemic
11.5 middle East & Africa: Impact assessment of the Covid-19 pandemic
11.6 Impact Assessment of the Covid-19 Pandemic for South America

12. Automotive Systems Simulation Software Market industry landscape
12.1 Overview
12.2 Market Initiative

13. COMPANY PROFILES
13.1 Modelon AB
13.1.1 Important Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 IPG Automotive GmbH
13.2.1 Important Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 ESI Group
13.3.1 Important Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Ansys, Inc.
13.4.1 Important Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Real Time Technologies
13.5.1 Important Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Hex AB
13.6.1 Important Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 SimScale GmbH
13.7.1 Important Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Major Developments
13.8 Gamma Technologies, LLC
13.8.1 Important Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Siemens AG
13.9.1 Important Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Major Developments
13.10 dSPACE Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments

14. Appendix

For more information about this report, visit https://www.researchandmarkets.com/r/8fvp3n

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