Electromagnetic Simulation Software Market 2022 Strategic Assessments - Remcom Inc., EMPIRE (IMST GmbH), Altair Engineering Inc., WIPL-D d.o.o., Mician GmbH, Sonnet Software Inc

The Electromagnetic Simulation Software Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The electromagnetic simulation software market is estimated to grow at a CAGR of 9% during the forecast period (2022-2027).

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Top Leading Companies of Electromagnetic Simulation Software Market are Remcom Inc., EMPIRE (IMST GmbH), Altair Engineering Inc., WIPL-D d.o.o., Mician GmbH, Sonnet Software Inc., ElectroMagneticWorks Inc., COMSOL Inc., Keysight Technologies, ANSYS Inc., Dassault Systmes SE, Cadence Design Systems Inc., ESI Group and others.

Industry News and Updates

June 2022 - Electro Magnetic Applications Inc. and Ansys partnered up to deliver an enhanced design-to- validation workflow for certifying the cable harness models in aircraft and automobiles. The workflow will reduce the electromagnetic interference (EMI) risks to the cable harnesses, slashing the development time, speeding the certification, and expediting new products to market. The cable harnesses used to transmit electrical power and signals to the electronics within aircraft and automobiles must be protected from the external EMI sources, such as high-intensity radiated fields (HIRF) and lightning strikes.

- March 2022 - Remcom released the XFdtd 3D EM simulation software, superposition simulation, and array optimization. The company expanded its software capabilities for high-frequency 5G device design and beam steering analysis. XFdtd enables users to leverage the electromagnetic principle of superposition to reveal these combinations with a single simulation. Combining steady-state results from the simulation efficiently determines the port phases that maximize the far zone coverage in each direction.

Key Market Trends

North America to Hold a Significant Market Share

- North America is considered to be one of the most advanced markets for mobile communications and MIMO technology in the world. According to the GSMA, the number of unique mobile subscribers in the United States was 281 million in 2019 and is expected to increase by up to 297 million by 2027.

- In the United States, major players, such as AT&T, Verizon, T-Mobile, and Sprint, account for nearly 95% of all subscriptions. With most of the firms making significant investments in 5G technology, MIMO's usage is expected to witness a surged rate of adoption in this region during the forecast period, thereby driving the market.

- Owing to such developments, the multiple input multiple output technologies in the North American region are expected to showcase a prominent position in the foreseen period. Adding to the scenario, Galtronics USA, a subsidiary of Baylin Technologies, has introduced a six-foot, 12-Port base station (macro) antenna for major North American carriers. The base station antenna supports all of the North American mid-band frequencies on eight of its ports and true 4_4 MIMO on the existing Cellular 850 band, LTE 700 band, and the new 600 MHz band.

- Smartphones, tablets, and AI-assisted electronics are experiencing high growth in the region. This is expected to influence the growth of the market in the region. According to the US Consumer Technology Sales and Forecast study conducted by the Consumer Technology Association (CTA), the revenue generated by smartphones was valued at USD 79.1 billion and USD 77.5 billion in 2018 and 2019, respectively. Canada is also one of the largest producers of consumer electronics in the world.

Regional Outlook of Electromagnetic Simulation Software Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Electromagnetic Simulation Software Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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