The Automotive Simulation Market is Projected to Attain CAGR of 10% by 2023| GloPosted by Preeti on February 26th, 2021 According to Market Research Future (MRFR), The automotive simulation market is estimated to register a CAGR of 10% from 2018 to 2023 (forecast period). The report addresses the strengths, opportunities, challenges, and potential business risks and offers an extensive overview of the global market environment with the effect of COVID-19. Innovation and continuous improvement have always been at the forefront of the automotive industry. Component suppliers and vehicle manufacturers rely on simulation software to increase productivity, adapt to changing consumer demand, promote continuous improvement, and reduce costs in line with the increasing cost of the production program. Due to drastic changes in the environment, the need for modern and demanding vehicle test applications needing more advanced technologies, high-performance equipment, and new solutions is increasing. Automotive simulator and its software elements are managed by a real-time simulation and modeling system that facilitates easy configuration and coordination of vehicle’s monitoring, dynamics, and driver input through a graphical interface. Increasing investment by automotive OEMs in the production of advanced vehicle technology, such as safety-critical control software, smart electronics, and autonomous driving systems, is due to the need for automotive simulation coupled with increased fuel efficiency and a reduction in emissions. In addition, automotive simulation facilitates the re-engineering of different vehicle parts and accelerates innovation through rapid virtual prototyping and smart control, electrification, energy efficiency, and lightweight testing. Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/7280 Market Dynamics Some of the major factors driving the market growth are growing demand for environmentally friendly simulation program generators that aim to provide information at the macro level, designing simulators to monitor traffic, weather, wildlife, pedestrians, and other vehicles; and improving the analysis and understanding of decision-making processes in assembly plants. The global market for automotive simulation is expected to see substantial growth during the study period. The increasing development of automobiles is expected to accelerate the growth of the automotive simulation industry. In addition, the preliminary design and evaluation of electric, hybrid, and conventional drive systems, including operational strategies and thermal management, is expected to accelerate the development of the automotive simulation industry. Market Segmentation The global market for automotive simulation has been segmented based on application, end-users, deployment, and components. Based on the application, the global market for automotive simulation has been segmented into drive systems, mechanical components, and fluid power. On the basis of end-users, the global market for automotive simulation has been segmented into OEM, component suppliers, and research & engineering organizations. Based on deployment, the global market for automotive simulation has been segmented into on-premises and cloud. Based on components, the global market for automotive simulation has been segmented into software and services. Regional Analysis Geographically, the global market for automotive simulation has been segmented into four major regions, namely North America, Europe, Asia Pacific, and the Rest of the World. The European region is expected to have a significant market share during the forecast period due to increased investment by major OEMs in the area and stringent safety standards for vehicle manufacturing and testing. In addition, increased production and sales of electric vehicles are expected to fuel demand for the automotive software industry in the Asia Pacific region. In addition, investment by OEMs, component suppliers, and government agencies across North America to boost the automotive simulation market during the forecast period. Key Players The key participants identified by MRFR operating in the global automotive simulation market include ESI Group (Germany), MOOG INC. (US), dSPACE GmbH (Germany), Dassault Systèmes (France), PG Automotive GmbH (Germany), TESIS GmbH (Germany), ANSYS, Inc. (US), Siemens PLM (US). Get a FREE Report Sample- https://www.marketresearchfuture.com/sample_request/7280 Key Questions Addressed by the Report
TABLE OF CONTENTS 1 EXECUTIVE SUMMARY 2 SCOPE OF THE REPORT 2.1 MARKET DEFINITION 2.2 SCOPE OF THE STUDY 2.2.1 DEFINITION 2.2.2 RESEARCH OBJECTIVE 2.2.3 ASSUMPTIONS 2.2.4 LIMITATIONS 2.3 RESEARCH PROCESS 2.3.1 PRIMARY RESEARCH 2.3.2 SECONDARY RESEARCH 2.4 MARKET SIZE ESTIMATION 2.5 FORECAST MODEL 3 MARKET LANDSCAPE 3.1.1 THREAT OF NEW ENTRANTS 3.1.2 BARGAINING POWER OF BUYERS 3.1.3 THREAT OF SUBSTITUTES 3.1.4 SEGMENT RIVALRY 3.1.5 BARGAINING POWER OF BUYERS 3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS 4 MARKET DYNAMICS 4.1 INTRODUCTION 4.2 MARKET DRIVERS 4.3 MARKET RESTRAINTS 4.4 MARKET OPPORTUNITIES 4.5 MARKET TRENDS About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Media Contact
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