Press release
Global Automotive Simulation Market 2024 Growth Rate, Latest Trends, Industry Insights And Forecast To 2033
Automotive Simulation Market
The Business Research Company offers in-depth market insights through Automotive Simulation Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The automotive simulation market size has grown rapidly in recent years. It will grow from $2.01 billion in 2023 to $2.28 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to cost reduction in product development, complexity of vehicle systems, stringent regulatory standards, globalization of automotive industry, demand for fuel efficiency..
The automotive simulation market size is expected to see rapid growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to electric and hybrid vehicle development, focus on sustainability, cybersecurity testing, market competitiveness, government initiatives for smart transportation, shortened product development cycles.. Major trends in the forecast period include digital twin integration, rapid technological advancements, integration of ai in simulation, multi-physics simulation models, cloud-based simulation platforms, advanced driver assistance systems (adas)..
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9894&type=smp
Market Segmentation:
The automotive simulation market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: On-Premises, Cloud
3) By Application: Prototyping, Testing
4) By End-User: Regulatory Bodies, OEMs, Automotive Component Manufacturers
Major Driver - Flourishing Automotive Production And Passenger Vehicle Sales Propel Growth In The Automotive Simulation Market
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. For instance, in April 2021, according to the reports shared by the European Automobile Manufacturers' Association (ACEA), a Belgium-based association of leading automobile manufacturers, the global production of automobiles in 2021 was 79.1 million units, an increase of 1.3 percent. Furthermore, according to the International Organization of Motor Vehicle Manufacturers, a France-based international trade association, the number of passenger vehicles sold in 2021 increased from 53.91 million to 56.39 million. Therefore, the flourishing automobile production and passenger vehicle sales are driving the growth of the automotive simulation market.
Competitive Landscape:
Major companies operating in the automotive simulation market report 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., Comsol AB, MSC Software Corporation, MathWorks, Synopsys Inc., Ricardo Software, Claytex Services Limited, Mevea, Cognata, CarSim, VIRES Simulationstechnologie GmbH, VI-grade GmbH, Elaphe Propulsion Technologies, TASS International, Ansible Motion, Modelon, Hyperdrive, CarNetix, Cruden .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/automotive-simulation-global-market-report
Top Trend - Morai Unveils Cloud-Based Autonomous Driving Simulation Advancement
Technological advancements are a key trend gaining popularity in the automotive simulation market. 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.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive Simulation Market 2024 Growth Rate, Latest Trends, Industry Insights And Forecast To 2033 here
News-ID: 3403455 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
