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2023 Automotive Simulation Global Market | Insights, Industry Outlook, Growing Trends, Segments And Top Key Players Include Altair Engineering Inc., Ansys Inc., Autodesk Inc., AVL List GmbH, Dassault Systèmes SE, dSpace GmbH
Automotive Simulation Global Market
Automotive Simulation Market Size, Growth Rate, And Forecast
The global automotive simulation market size is expected to grow from $1.77 billion in 2022 to $2.01 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive simulation market size is expected to reach $3.17 billion in 2027 at a CAGR of 12.1%.
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Automotive Simulation Market Drivers
Flourishing automotive production and passenger vehicle sales are expected to propel the growth of the automotive simulation market going forward. Passenger vehicles refer to vehicles that are designed to carry people. Automotive simulation is an important step in automotive production, and used to test and improve vehicle design, and performance during manufacturing process to improve efficiency and ensure the safety of the customer.
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Automotive Simulation Market Segments
• By Component: Software, Services
• By Deployment: On-Premises, Cloud
• By Application: Prototyping, Testing
• By End-User: Regulatory Bodies, OEMs, Automotive Component Manufacturers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Simulation market.
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Automotive Simulation Market Key Players
Major competitors in the Automotive Simulation market include Altair Engineering Inc., Ansys Inc., Autodesk Inc., AVL List GmbH, Dassault Systèmes SE, dSpace GmbH, ESI Group, Gamma Technologies Inc., IPG Automotive GmbH, PTC Inc., Siemens AG, Simscale GmbH
The Business Research Company's "Global Automotive Simulation Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Simulation Market Include:
1. Executive Summary
2. Automotive Simulation Market Characteristics
3. Automotive Simulation Market Trends And Strategies
4. Automotive Simulation Market - Macro Economic Scenario
5. Automotive Simulation Market Size And Growth
………
27. Automotive Simulation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Simulation Market
29. Automotive Simulation Market Future Outlook and Potential Analysis
30. Appendix
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