Press release
Why Automotive Simulation Market is Growing Rapidly…? Top Key Players are The MathWorks, , Design Simulation Technologies, dSPACE GmbH, ESI Group, IPG Automotive GmbH, PTC, Siemens, SIMUL8 Corporation, Synopsys
Automotive Simulation Market
Automotive Simulation Market size 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.
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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
The automotive simulation is an advanced software, which simulates passenger vehicles and their components for testing & development of driver assistance systems, on-board power electronics, vehicle dynamic controls, and engine controls. Automotive simulation in the vehicle environment is increasingly adopted in the driving training as it helps a person to learn driving without any risk to life or vehicles. Automotive simulation in manufacturing also helps OEMs to detect any shortcomings of the vehicle component before its fitted into the vehicle, enhancing the efficiency of the product.
Complications & constraints related to real-time control in simulation software are impeding automotive simulation market growth. With the automation industry moving toward self-driving and environment-friendly vehicles, old regulations imposed will hinder the growth of the automotive simulation market. The governing bodies are required to understand and complete the functioning of self-driving and environment-friendly vehicles to create several new laws along with revision of the existing laws.
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.
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With the increasing demand for design and consulting, the service segment is expected to be the fastest growing in the automotive simulation market. 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. These players are constantly entering into strategic partnerships and mergers & acquisitions to strengthen their product portfolio and global presence by building customer relations.
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