The Automotive Simulation Market Size was valued at USD 2.47 billion in 2023 and is expected to reach USD 5.80 billion by 2031 and grow at a CAGR of 11.27% over the forecast period 2024-2031.
An automobile simulation is a sophisticated piece of software used to test and develop driver assistance systems, onboard power electronics, vehicle dynamic controls, and engine controls by simulating passenger cars and their components. The use of automotive simulation in a vehicle setting is becoming more popular in driver education programs because it enables students to practice driving safely without putting themselves or others in danger. In the automotive simulation, a vehicle's operation is ensured through the use of simulation software during prototype and model testing. It can be used to teach driving and car technical skills to students. The automotive simulator and its software parts are controlled by a real-time simulation and modeling system that uses a graphical user interface to make it easy to set up and coordinate the vehicle's monitoring, dynamics, and driver feedback.
In 2021, AImotive, a leader in AD and ADAS technology, will release aiSim 3.0, the next iteration of its ISO 26262-certified simulator for the development and validation of ADAS and AD systems.
KEY DRIVERS:
Major automakers and developers are investing more in simulation R&D.
Demand for better safety and driverless vehicles will fuel market expansion.
Automobile OEMs are boosting their investments in the R&D of cutting-edge vehicle systems.
Growing demand for macro-level environmental simulation program generators.
RESTRAINTS:
Real-time control in simulation software complicates market expansion.
Old rules may impede the Market's growth as the industry moves toward eco-friendly vehicles.
OPPORTUNITIES:
Emerging advanced vehicle technology will boost the automotive simulation market.
Simulation software and related technologies for autonomous automobiles, and truck platooning.
CHALLENGES:
It is anticipated that cybersecurity will present a barrier to industry growth.
The supply chain presents difficulties for the companies who are engaged in the simulation business.
As a result of the COVID-19 problem, sales in China plunged by 71 percent in February 2020; in the United States, sales fell by 47 percent and in Europe, they plummeted by an incredible 80 percent. Due to the decreased demand from major vehicle manufacturers, the market has decreased in size. From the third quarter of 2020 through the second quarter of 2021, automakers have seen a steady recovery in output levels as the supply chain regained some strength. Since the crisis, the mobility value chain has undergone a rapid shift, which has expedited the digitization process that had already begun before the crisis. Production lines had to be shut down for long periods of time because of the pandemic-related limitations, but non-manufacturing procedures could still be handled by personnel working remotely or from home via secure connections.
The global market has been divided into software, and services based on the component segment. The services sector is predicted to increase more rapidly than the other two during the forecast period. This can be ascribed to the rise in the use of consulting and design services for product design and process improvement.
Market, By Application:
The global market has been divided into prototyping, and testing Based on the application segment. Testing is predicted to generate more revenue than any other segment in the market throughout the course of the projection. If this is the case, it's likely because manufacturers are always developing new products and testing them to ensure that they meet their stated specifications before finalizing and certifying their results.
Market, By End-User:
The global market has been divided into OEMs, automotive component manufacturers, and regulatory bodies based on the End-User segment. As the automotive industry shifts its focus to the development of self-driving cars and environmentally friendly automobiles, the regulatory bodies sector is expected to grow at the fastest rate. This means that the old rules need to be completely rewritten, and a slew of new laws must be enacted to reflect the modern cars' complex workings. This is a common use of automotive simulation software in regulatory body testing facilities.
By Component:
Software
Services
By Application:
Prototyping
Testing
By End-User:
OEMs
Automotive Component Manufacturers
Regulatory Bodies
The global market for automotive simulation may be broken down into the following regions: North America, Europe, Asia Pacific, and the rest of the world. In the Automotive Simulation Market, the Asia Pacific region is anticipated to hold the greatest market share during the duration of the forecast. The Asia-Pacific region is home to the world's largest market for automobiles and includes both developing and developing economies, such as China and India. Japan is one of the developed nations in this region. In recent years, this region has developed into a significant center for the production of automobiles. Developments in infrastructure and increasing levels of industrialization in emerging nations have led to the opening of new paths and the creation of many opportunities for automobile original equipment manufacturers (OEMs).
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
ESI Group (Germany), PG Automotive GmbH (Germany), dSPACE GmbH (Germany), ANSYS, Inc. (US), MOOG INC. (US), AImotive, Dassault Systèmes (France), TESIS GmbH (Germany), Siemens PLM (US) are some of the affluent competitors with significant market share in the Automotive Simulation Market.
| Report Attributes | Details |
| Market Size in 2023 | US$ 2.47 Billion |
| Market Size by 2031 | US$ 5.80 Billion |
| CAGR | CAGR of 11.27% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Component (Software, Services) • by Application (Prototyping, Testing) • by End-User (OEMs, Automotive Component Manufacturers, Regulatory Bodies) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ESI Group (Germany), PG Automotive GmbH (Germany), dSPACE GmbH (Germany), ANSYS, Inc. (US), MOOG INC. (US), AImotive, Dassault Systèmes (France), TESIS GmbH (Germany), Siemens PLM (US) |
| Key Drivers | •Major automakers and developers are investing more in simulation R&D. •Demand for better safety and driverless vehicles will fuel market expansion. |
| RESTRAINTS | •Real-time control in simulation software complicates market expansion. •Old rules may impede the Market's growth as the industry moves toward eco-friendly vehicles. |
Ans:- The market forecast period is 2021-2028 according to the study report.
Ans:- ESI Group (Germany), PG Automotive GmbH (Germany), dSPACE GmbH (Germany), ANSYS, Inc. (US), MOOG INC. (US), AImotive, Dassault Systèmes (France), TESIS GmbH (Germany), Siemens PLM (US) are the most prominent players in the market.
Ans:- Real-time control in simulation software complicates and old rules may impede the Market's growth are the primary market restraints for Automotive Simulation Market.
Ans:- Yes.
Ans:- The study includes a comprehensive analysis of market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter’s five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Automotive Simulation Market Segmentation, By Component
8.1 Software
8.2 Services
9. Global Automotive Simulation Market Segmentation, By Application
9.1 Prototyping
9.2 Testing
10. Global Automotive Simulation Market Segmentation, By End-User
10.1 OEMs
10.2 Automotive Component Manufacturers
10.3 Regulatory Bodies
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Siemens PLM (US),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 ESI Group (Germany)
12.3 PG Automotive GmbH (Germany)
12.4 dSPACE GmbH (Germany)
12.5 ANSYS, Inc. (US)
12.6 MOOG INC. (US)
12.7 Dassault Systèmes (France)
12.8 TESIS GmbH (Germany)
12.9 AImotive
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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