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Global Automotive Simulation Market 2023 Future Outlook, New Technology, Industry Growth And Forecast To 2032 | Major Players Are Altair Engineering Inc., Ansys Inc., Autodesk Inc., AVL List GmbH, Dassault Systèmes SE.
Automotive Simulation Market
The Business Research Company's Automotive Simulation Global Market Report 2023 identifies Flourishing automotive production and passenger vehicle sales as the major driver for the Automotive Simulation Market's growth in the forecast period. 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.
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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Major competitors in the automotive simulation market are 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, SIMUL8 Corporation, Synopsys Inc., The MathWorks Inc., Design Simulation Technologies Inc., and Comsol AB.
A key trend in the Automotive Simulation Market includes technological advancement. Major companies operating in the automotive simulation market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, MORAI, a South Korea-based autonomous vehicle simulation company, launched MORAI SIM Cloud, a new cloud-based autonomous driving simulation technology. MORAI SIM Cloud is a cloud-based Software as a Service (SaaS) solution that allows users to simulate autonomous vehicle operations. This technology's test automation function automatically distributes test cases in a cloud setting to conduct tests and produce results. The cloud-based approach will be crucial in improving test efficiency since it allows users to perform numerous simulation tests, which typically require multiple computers to run, on a single computer at once.
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The Automotive Simulation Market is segmented -
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.
The Business Research Company's "Global Automotive Simulation Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
26. Africa Automotive Simulation Market
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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