Press release
North America Automotive System Simulation Software Market is Anticipated to Record the Rapid Growth and Prominent Players Analysis | Modelon AB, IPG Automotive GmbH, ESI Group
The North America automotive system simulation software market is expected to reach US$ 739.96 million by 2028 from US$ 320.81 million in 2021. It is expected to grow at a CAGR of 12.7% from 2021 to 2028.The automotive sector is continuously working on offering enhanced functionalities in vehicles, with a major focus on automated driving, advanced infotainment, safety technologies, and other functionalities. Incorporating electronic components related to these functionalities is catalyzing the evolution of the topology of systems, hardware, and software, thereby creating a dynamic electrical/electronic vehicle system architecture (E/E architecture). For example, Continental introduced a high-performance computer (HPC), a central hub between a vehicle and the digital world, to create an effective service-oriented vehicle system architecture.
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Furthermore, a shift from primary vehicle domain architectures toward E/E architectures with high-performance servers and zone system simulation software is creating a high demand for automobile system simulation software to ensure the efficiency of the architecture during the design and development stage. Compared to conventional testing methods, these software products enable new, cost-effective vehicle testing.
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Major Key players covered in this report:
• Modelon AB
• IPG Automotive GmbH
• ESI Group
• Ansys, Inc.
• Realtime Technologies
• Hexagon AB
• SimScale GmbH
• Gamma Technologies, LLC
• Siemens AG
• dSPACE GmbH
North America Automotive System Simulation Software Market Segmentation
The North America automotive system simulation software market is segmented into type, vehicle type, and propulsion type. Based on type, the market is segmented into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. Based on vehicle type, the market is segmented into commercial vehicles and passenger cars. Based on propulsion type, the market is segmented into ICE and electric. Geographically, the market is segmented into the US, Canada, and Mexico.
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With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America automotive system simulation software market over the forecast period at a healthy CAGR.
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