Autonomous Vehicle Simulation Solution Revolution Set to Create $1.63 Billion Annual Revenue Opportunity Globally by 2025, Says BIS Research

According to a premium market intelligence report by BIS Research, titled “Autonomous Vehicle Simulation Solution – A Global and Regional Market Analysis: 2019-2025,” the global autonomous vehicle simulation solution market is expected to create an annual revenue opportunity of $1.63 billion by 2025.

Autonomous vehicle simulation helps to build scenarios inside virtual scenes, the scenario includes sensor configurations, behaviors of the ego vehicle, traffic, pedestrians, and infrastructure, among others. The simulation software for autonomous vehicles enables automotive OEMs, and other stakeholders to perform multi sensor simulation such as Lidar, radar, camera, GPS, IMU, V2V, and HD maps. The autonomous vehicle industry is driven by several factors such as growing emphasis toward road safety, favorable government policies to develop infrastructure for autonomous vehicle, and increasing road congestion. However, factors such as safety and reliability issues with autonomous vehicle, rise in cyber threat due to increase in data, and non-availability of connected infrastructure in developing countries hampers the overall market growth. Moreover, implementation of vehicle platooning, revenue growth opportunity for different layers of ecosystem, and transition from car ownership to MaaS is anticipated to create numerous opportunities for the growth of the market. The key players developing autonomous vehicle are AUDI AG, BMW Group, Daimler AG, FCA Italy S.p.A, Ford Motor Company, General Motors, MAN SE, Nissan Motor Co., Ltd, Tesla, Inc., Toyota Motor Corporation, Volkswagen AG, Volvo Group, Waymo LLC, and Zoox Inc.

View the BIS Report : https://bisresearch.com/industry-report/autonomous-vehicle-simulation-solution-market.html

According to Arpit Benjwal, Principal Analyst at BIS Research, “Automotive OEMs and self-driving technology companies segment accounted for the largest market share. Automotive OEMs and autonomous driving technology development company are the major end user of autonomous vehicle simulation solution. Autonomous vehicle manufacturer is investing huge amount to develop autonomous vehicles. Also, the companies are continuously partnering with other technology providers. The simulations are used to test autonomous vehicle reaction to scenarios such as missing a red light, driving on the wrong lane, and popping on to a sidewalk. The simulations serve as fast and cost-effective as well as mitigate risks to prototypes, drivers, and pedestrians. The vehicles are also tested for their response to stop sign setup and as the physical testing of these cases poses risk to human life.

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A DEEP TECH M-A-PTM design of ‘Autonomous Vehicle Simulation Solution – A Global and Regional Market Analysis: 2019-2025’ report provides holistic coverage of relevant Markets, Applications, and Products.

The report covers aforementioned aspects at not only a global level but also deeply dives across all major regions of the world and key countries within them. 141 Data Tables and 134 Figures over nearly 200 Pages provide sufficient and relevant depth and coverage to help you make confident and reliable business decisions for now, and the future.: Link to TOC
Further, as a premium report option, BIS Research is also offering its buyers who are interested only in ‘products and innovations,’ to instead purchase a mini report focusing on just those aspects. This mini-report has the complete ‘products’ section, along with related coverage from regions, competitive benchmarking, and company profiles of the full report.
Who stands to gain from this report?
• Automotive OEMs
• Self-driving technology providers
• Tier 1 and tier 2 component manufacturer
• Regulatory bodies
• MaaS operator
• University and research centers

What can they find in this report?
• Key trends impacting the autonomous vehicle simulation solution industry, along with information on new technologies that the vehicle manufacturers are adopting.
• How the demand for autonomous vehicle simulation solution will get shaped over the next five years (2020-2025) across different regions and countries.
• These insights include their growth strategies, as well as how they compare against each other at a global, regional, and country level.
What is the use of this report?
• Driving a successful growth strategy – Target those markets at an opportune time, where the demand for autonomous vehicle simulation solution is expected to rise.
• Driving a successful product strategy – Know which products must be targeted if suppliers intend to capitalize on the silicon photonics.
• Drive a successful competitive strategy – Know who the competition is and how they have responded to the silicon photonics.
Insightful Questions Covered to Enable Companies take Strategic Decisions:
 What are the underlying structures resulting in the emerging trends within the autonomous vehicle simulation solution market?
 How is the autonomous vehicle simulation solution market impacted by the introduction of autonomous and connected vehicles?
 How are emerging technologies such as artificial intelligence (AI), 5G Communication, and the Internet of Things (IoT) driving the growth of the autonomous vehicle simulation solution market?
 How is the role of governments regarding environmental issues and safety changing the landscape of the autonomous vehicle simulation solution market industry?
 What were the market values of the leading segments and sub-segments of the autonomous vehicle simulation solution market in 2019, and how is the market estimated to grow during the forecast period 2020-2025?
 How is the industry expected to evolve during the forecast period 2020-2025?
 What are the key developmental strategies implemented by the prominent players to sustain the competitive market?
 What has been the impact of COVID-19 on the autonomous vehicle simulation solution market?

This report is a compilation of research on more than 60 players in the global autonomous vehicle simulation solution market. It draws upon the insights from in-depth interviews with key opinion leaders of more than 50 leading companies, market experts, and vendors.
The report also profiles 15 suppliers and key ecosystem participants in the autonomous vehicle simulation solution market. Some of the key players in the global Autonomous Vehicle Simulation Solution market include Intel Corporation, Veizon Communication, Trimble, Geotab, Masternaut Limited, Microlise Telematics, and Zonar System.

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About BIS Research:

BIS Research (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
What distinguishes BIS Research from the rest of the players is that we not only provide data but also complement it with valuable insights and actionable inputs for the success of our clients.

This release was published on openPR.