Press release
Automotive Simulation Market to More Than Double by 2031 as Virtual Development Becomes the Standard
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Key Market Drivers:
Development Cost Reduction
• Virtual prototypes saving up to $500k per vehicle program
• 70% reduction in physical crash tests
• Faster iteration cycles enabling quicker time-to-market
Increasing System Complexity
• Autonomous systems requiring billions of test miles
• EV thermal management challenges
• Software-defined vehicle architectures
Regulatory Pressures
• NCAP safety requirements demanding more scenarios
• Battery safety certification processes
• Cybersecurity validation needs
Technology Breakthroughs
• Digital Twins: BMW's complete vehicle simulations
• AI Simulation: Tesla's synthetic training environments
• Cloud Scaling: 1000-core simultaneous simulations
Regional Adoption:
• North America: 35% share, led by AV development
• Europe: 30%, strong in luxury vehicle dynamics
• Asia-Pacific: 30%, Chinese EV makers rapidly adopting
• Rest of World: 5%, emerging market growth
Executive Perspective:
"Simulation has moved from being a support tool to the foundation of vehicle development," said Dr. Prith Banerjee, CTO at Ansys. "Our customers are now running more simulations in a week than they did in a year five years ago."
Market Outlook:
• 2025: 50% of validation done virtually
• 2027: Digital twins standard for all new programs
• 2030: AI-generated simulation scenarios dominate
For more insights, visit https://clearviewmarketinsights.com/report-store
Media contact:
Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369
About ClearView Market Insights
We provide specialized analysis of digital engineering technologies transforming the automotive industry.
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