Press release
North America Automotive System Simulation Software Market Valuation to Exceed US$ 739.96 million by 2028, says Business Market Insights
According to our latest study on "North America Automotive System Simulation Software Market" Forecast to 2028 - COVID-19 Impact and Analysis - by Type, Vehicle Type, and Propulsion Type, the market is projected to reach US$ 739.96 million by 2028 from US$ 320.81million in 2021; it is expected to grow at a CAGR of 12.7% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as upgrading of vehicle functions and increase in number of e/e components and growing production and sales of electric vehicles. However, possibility of invalid research outcomes hamper the market growth.Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.businessmarketinsights.com/sample/TIPRE00029282/?utm_source=OpenPR&utm_medium=10356
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.
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
Browse Full Report @ https://www.businessmarketinsights.com/reports/north-america-automotive-system-simulation-software-market/?utm_source=OpenPR&utm_medium=10356
Based on type, the North America automotive system simulation software market is segmented into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. In 2020, engine segment accounted for the highest share of the market in the forecasted period.
However the fuel cell segment registered the highest CAGR during the forecast period. The engine segment dominates the market as there is major demand for the engine system simulation software to develop fuel-efficient engine. Increasing government norms regarding the emission and focus on fuel efficiency enhancement drives the market growth.
Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.businessmarketinsights.com/buy/single/TIPRE00029282/?utm_source=OpenPR&utm_medium=10356
The market for North America automotive system simulation software market is segmented into type, vehicle type, and propulsion type. Based on type, the North America automotive system simulation software market is segmented into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. Based on vehicle type, the North America automotive system simulation software market is segmented into commercial vehicle, and passenger car. Based on propulsion type the North America automotive system simulation software market is segmented into ICE and electric. Geographically, the North America automotive system simulation software market is segmented into North America (US, Canada, Mexico).
Contact us:
If you have any questions about this report or would like further information, please contact us:
Contact person: Sameer Joshi
Email: sales@businessmarketinsights.com
Phone: +16467917070
About Us:
Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.
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