Press release
Automotive System Simulation Software Market Global Industry Historical Background, Industry Structure, Development and Sector Opportunities Till 2028
Automotive System Simulation Software Market
Automotive system simulation software is a type of computer program that allows engineers and designers to model and simulate the behavior of various components and systems in a vehicle, including engines, transmissions, suspension, brakes, and more.
This software is used by automotive manufacturers, suppliers, and research institutions to test and optimize designs before building physical prototypes, which can save time and money during the development process. It can also be used to analyze and troubleshoot existing systems and to evaluate the performance of new technologies.
Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00073359?utm_source=OpenPr&utm_medium=10640
(Kindly Use Corporate Mail ID To Get More Details)
The List of Companies -
1. ESI Group
2. ANSYS, Inc
3. Hexagon AB
4. dSPACE GmbH
5. Siemens
6. Modelon
7. IPG Automotive GmbH
8. Realtime Technologies
9. Gamma Technologies, LLC
10. SimScale GmbH
Key Findings of Study:
Based on type, the global automotive system simulation software market has been classified into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. The engine segment dominates the automotive system simulation software industry as there is a major demand for engine system simulation software to develop fuel-efficient engines. Based on vehicle type, the global market has been bifurcated into commercial vehicles and passenger cars. The passenger cars segment dominates the market due to continuous developments in vehicle dynamics, engines, and power systems. Based on propulsion type, the global automotive system simulation software market has been segmented into ICE and electric. The ICE propulsion type segment dominates the market as simulation software is widely used for engine system applications. However, the rising demand for electric propulsion would propel the market for the electric segment at a higher CAGR during the forecast period. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). Asia Pacific dominated the automotive system simulation software market in 2020.
The Asia Pacific (APAC) region is leading the way in the manufacture and sale of automobiles, thanks to the presence of major players in the automotive industry, including Geely Auto Group, Honda, Tata, and Toyota. The region is experiencing high demand for new vehicles from fast-growing economies such as China and India, as well as developed countries such as Australia, Japan, and Singapore. The focus of Asian countries on building a strong manufacturing sector has also contributed to the growth of the automotive manufacturing industry in the region.
For instance, the Indian government launched The Automotive Mission Plan in August 2021, with the aim of increasing the automotive sector's contribution to the national GDP to 12% and creating around 50 million new jobs. In addition, strict regulations on ICE vehicles have been introduced due to the urgent need to limit air pollution caused by emissions, particularly from passenger vehicles. The adoption of electric vehicles is also being encouraged in the region, particularly in China and Japan.
According to ZoZo Go, electric vehicle sales in China reached 3.3 million units in 2021, up from 1.3 million in 2020 and 1.2 million in 2019. These factors are expected to drive the demand for automotive system simulation software in the region, as these solutions can speed up the production of vehicles and their components while maintaining reliability.
Get full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/automotive-system-simulation-software-market
IMPACT OF COVID-19 PANDEMIC ON AUTOMOTIVE SYSTEM SIMULATION SOFTWARE MARKET
The global automotive industry suffered a significant blow due to the COVID-19 pandemic, which originated in China, leading to a 71% decline in sales in February 2020. By April of the same year, sales in the US and Europe also plummeted by 47% and 80%. As a result, major automotive manufacturers experienced a decline in automotive system simulation software market demand.
However, from the third quarter of 2020 through the second quarter of 2021, the supply chain began to recover, resulting in a gradual increase in production levels for automakers. The crisis has also accelerated the digitization process in the mobility value chain and brought about rapid transformation. Although pandemic-related restrictions led to temporary shutdowns of production lines, non-manufacturing processes were still able to be attended to by employees working from home or remotely. The use of automotive system simulation software has been critical in aiding automakers during the crisis since product development processes could be continued even with limited or no access to laboratories.
Popularity of Autonomous Vehicles Boosts Automotive System Simulation Software Market Growth
Automakers are constantly innovating to introduce advanced features and technologies in their passenger and commercial vehicles, which have gained significant popularity among customers. For instance, in 2021, Volkswagen demonstrated remarkable performance in electromobility and augmented reality-based head-up displays, while Daimler made great strides in autonomous driving and operating systems. With the increasing demand for smart and autonomous cars, the automotive system simulation software market has become an essential component of R&D activities in the industry.
The growth of fully autonomous cars depends on factors such as advancements in technology, consumer preference, pricing, and safety concerns. To address these issues, major automakers focus on integrating robust technologies in vehicles using real-environment-based virtual test scenarios. One such platform is rFpro, which offers dedicated simulation software and digital-twin models for the validation of autonomous driving, ADAS, and vehicle dynamics. These trends are expected to boost the adoption of simulators to produce advanced vehicles, optimizing safety and performance, and shaping the future of the automotive system simulation software market.
Buy this research report at @: https://www.premiummarketinsights.com/buy/TIP00073359?utm_source=OpenPr&utm_medium=10640
The automotive industry in North America faced significant disruption due to the COVID-19 pandemic, with most manufacturing plants shutting down in 2020 as a result of strict restrictions and lockdowns. As North America, particularly the US, holds a significant share of the global automotive system simulation software market, the decline in vehicle sales has negatively impacted demand for simulation software. However, this impact is expected to be short-term, with the market gradually recovering as vaccination efforts continue to be successful.
Additionally, the region is experiencing a shift in consumer preference towards electric vehicles (EVs), which presents a lucrative growth opportunity for the automotive system simulation software market due to the important role these solutions play in the design and engineering of EVs. For instance, the US has witnessed a remarkable surge in EV sales during the second half of 2020 and throughout 2021, with EV sales rising by around 200% from Q2 2020 to Q2 2021, resulting in a post-pandemic domestic penetration rate of 3.6%.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Key Market Dynamics
Continuedβ¦
Other Reports:
Frozen Seafood Market Size Share Growth Trends and Forecast Analysis https://www.marketwatch.com/press-release/frozen-seafood-market-size-share-growth-trends-and-forecast-analysis-2023-04-19?mod=search_headline
Cosmeceuticals Market Report 2022 To 2028 By Top Key Players, Types & Applications https://www.marketwatch.com/press-release/cosmeceuticals-market-report-2022-to-2028-by-top-key-players-types-applications-2023-04-19?mod=search_headline
Brain Cancer Diagnostics Market 2022 Analysis of Rising Business Opportunities with Prominent Investment, Forecast to 2028 https://www.marketwatch.com/press-release/brain-cancer-diagnostics-market-2022-analysis-of-rising-business-opportunities-with-prominent-investment-forecast-to-2028-2023-04-19?mod=search_headline
Automotive HUD Market Recent Trends, In-depth Analysis, Size and Forecast 2022 to 2028 https://www.marketwatch.com/press-release/automotive-hud-market-recent-trends-in-depth-analysis-size-and-forecast-2022-to-2028-2023-04-19?mod=search_headline
Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com
About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.
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 Automotive System Simulation Software Market Global Industry Historical Background, Industry Structure, Development and Sector Opportunities Till 2028 here
News-ID: 3021487 • Views: β¦
More Releases from Premium Market Insights
The Future of HVAC: Trends and Innovations
The Europe HVAC System Market HVAC system market was valued at US$ 50,772.07 million in 2022 and is expected to reach US$ 1,25,024.86 million by 2030; it is estimated to grow at a CAGR of 11.9% from 2022 to 2030.
ππ«ππ πππ
ππ¨ ππ§π¨π° ππ¨π«πβ https://www.businessmarketinsights.com/sample/BMIRE00026922?utm_source=OpenPR&utm_medium=10694
Rise in Demand for Energy-Efficient Solutions Fuel the Europe HVAC System Market
Greenhouse gases are the primary sources of global warming and climate change. These gases absorbβ¦
Automated External Defibrillators Market New Business Opportunities and Investme β¦
The Automated External Defibrillators Market is estimated to reach US$ 2,207.94 million in 2030 from US$ 1,556.21 million by 2030; the market is projected to record a CAGR of 4.5% from 2022 to 2030.
Some of the key driving factors for the automated external defibrillators market growth are the increasing prevalence of cardiovascular diseases and rising training and awareness programs on automated external defibrillators. However, performance issues related to automated externalβ¦
Hydrolyzed Collagen Market Types and Applications, Industry Drivers, Future Dema β¦
The Hydrolyzed Collagen Market was valued at US$ 946.43 million in 2022 and is projected to reach US$ 1,322.60 million by 2028; it is expected to register a CAGR of 5.7% from 2022 to 2028.
Various end-use industries are adopting business expansion strategies and scaling production capacity to provide better customer satisfaction. For instance, in July 2020, Rousselot and Giusto Faravelli announced a distribution partnership in Italy, effective from October 2020.β¦
Aroma Ingredients Market Expectations & Growth, Trends Highlighted Until 2028
The Aroma Ingredients Market was valued at US$ 5376.90 million in 2021 and is projected to reach US$ 7692.62 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.
Aroma ingredients are basically isolates of naturally sourced ingredients or chemically produced and are used as ingredients to add aromas or fragrance to various cosmetic and personal care products.
Based on product type, the global aromaβ¦
More Releases for Auto
Auto Leads: Revolutionizing Lead Generation for Auto Detailers
Auto Leads, a digital marketing company specializing in helping auto detailers grow their businesses, has quickly become a leader in lead generation for the industry. Founded by Austin Kennedy, a former auto detailer with three years of hands-on experience, Auto Leads offers a solution to help detailers attract high-quality customers, particularly for premium services like Ceramic Coating.
What Auto Leads Is
Auto Leads focuses on digital marketing solutions for auto detailing businesses,β¦
Winter Park Auto Repair: Cech Auto Unveils Auto Repair Financing, Expert Service β¦
Image: https://www.getnews.info/wp-content/uploads/2024/10/1730165920.png
Cech Auto announces the launch of flexible auto repair financing, offering Winter Park customers accessible payment solutions for essential vehicle maintenance and repairs.
A leading Winter Park auto repair [https://www.cechauto.com/] shop, Cech Auto unveils its new auto repair financing option, providing customers with flexible payment solutions for all repair services. With competitive financing plans available, Cech Auto makes essential vehicle maintenance and repairs more accessible, ensuring that customers can addressβ¦
Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide
Newsdesk, March 22, 2024 - Auto Locksmith America Revolutionizes Auto Locksmith Services Nationwide Employing state-of-the-art tools and technology, the company ensures a seamless, hassle-free experience for clients.
Auto Locksmith America, a prominent auto locksmith company headquartered in Mississippi, unveils its latest suite of services and enticing offers tailored to cater to a spectrum of auto locksmith needs. With nearly 14 years of steadfast service, the company stands as a beacon ofβ¦
Auto Chess Game Market | Auto Chess, Dota Auto Chess, Hearthstone, Honor Of King β¦
The global auto chess game market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the auto chess game market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growthβ¦
E-Commerce Automotive Aftermarket | (Flipkart, eBay, Auto Zone, Advance Auto Par β¦
The growing emergence of creative business models is one of the pivotal factors propelling e-commerce automotive aftermarket industry share. At present, the store, brokerage, and social commerce models have been intensely contributing toward the growth of online commerce. Taking into account the growing popularity of electronic commerce across the automotive sector, many giants in e-commerce automotive aftermarket have been making heavy investments to enhance their storage capacity by developing newβ¦
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE
Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle.
The company providesβ¦
