Automotive Simulation Market to Grow at 11.1% CAGR to 2025 - Global Size, Growth, Trends, Outlook and Future Scope Analysis
North America region is estimated to grow at highest CAGR in automotive simulation market during the forecast period. The increasing number of connected vehicles and a growing awareness of green vehicles among people are expected to fuel the growth of the
(EMAILWIRE.COM, December 19, 2018 ) The automotive simulation market is estimated to be USD 1.4 billion in 2018 and is projected to reach USD 2.9 billion by 2025, at a CAGR of 11.1% during the forecast period. Increasing focus on R&D activities and rapid technological changes owing to the changing government norms for vehicle safety are projected to drive the automotive simulation market.
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Study involves four main activities to estimate current size of automotive simulation market. Exhaustive secondary research was done to collect information on market like use of simulation software in various applications and by various end users. Next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research.
The use of automotive simulation software by regulatory bodies will increase at the highest rate as the industry moves toward new priorities of manufacturing self-driving cars and environment-friendly vehicles. Thus, the old regulations need a lot of revision, and several new laws need to be created. For this, the governing bodies need to understand the functioning of the vehicles properly.
The report provides insights into the following points:
• Market Penetration: The report offers comprehensive information about the automotive simulation market and the top players in the market.
• Product Development/Innovation: The report provides detailed insights into the upcoming technologies, R&D activities, and new product launches in the automotive simulation market.
• Market Development: The report offers comprehensive information about the automotive simulation market. The report analyzes the automotive simulation market across regions and provides comprehensive information about lucrative emerging markets.
• Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the automotive simulation market.
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Global automotive simulation market is further segmented into regions by considering factors such as regional development of testing and R&D centers, market size of automotive industry (production), OEM plants, test centers and R&D centers, and primary insights. Further, regional automotive simulation market, by country, has been derived by determining penetration of different automotive simulation components and deployment mode by considering factors such as government regulations.
Moreover, the US has taken an aggressive stance on testing self-driving vehicles as well as making their EVs more intelligent. This report contains various levels of industry analysis and company profiles, which highlight the emerging and high-growth segments of this market, competitive mapping, and market dynamics (drivers, restraints, opportunities, andchallenges).
The study contains insights from various industry experts, ranging from component suppliers to tier 1companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1:63%, Tier 2:13%, OEM:24%
• By Designation: C level:50%,D level:37%,Others:13%
• By Region: North America:38%, Europe:24%, AsiaPacific:38%
The automotive simulation market is dominated by globally established players such as Ansys (US), Altair (US), Siemens PLM (US), PTC (US), and Dassault Systèmes (France). Also, Design Simulation Technologies (DST) (US), SimScale (Germany), and AnyLogic (US) provide automotive simulation solutions.
More Information on “Automotive Simulation Market by Deployment (On-premises & Cloud), Component (Software & Services), End Market (OEMs, Automotive Component Manufacturers, & Regulatory Bodies), and Region (Asia Pacific, Europe, North America, & RoW) - Global Forecast to 2025” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1786561 .
The report covers the automotive simulation market, by value, on the basis of region (Asia Pacific, Europe, North America, and the Rest of the World),by deployment (On-premises and Cloud), Component (Software and Services), application (Testing and Prototyping), End Market (OEMs, Automotive component Manufacturers, and Regulatory bodies).
Get Free Sample Papers of Automotive Simulation Market Research Report Now at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1786561 .
Study involves four main activities to estimate current size of automotive simulation market. Exhaustive secondary research was done to collect information on market like use of simulation software in various applications and by various end users. Next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research.
The use of automotive simulation software by regulatory bodies will increase at the highest rate as the industry moves toward new priorities of manufacturing self-driving cars and environment-friendly vehicles. Thus, the old regulations need a lot of revision, and several new laws need to be created. For this, the governing bodies need to understand the functioning of the vehicles properly.
The report provides insights into the following points:
• Market Penetration: The report offers comprehensive information about the automotive simulation market and the top players in the market.
• Product Development/Innovation: The report provides detailed insights into the upcoming technologies, R&D activities, and new product launches in the automotive simulation market.
• Market Development: The report offers comprehensive information about the automotive simulation market. The report analyzes the automotive simulation market across regions and provides comprehensive information about lucrative emerging markets.
• Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the automotive simulation market.
Click Here for 15% Discount on Automotive Simulations Market Research Report Now at https://www.reportsnreports.com/contacts/discount.aspx?name=1786561 .
Global automotive simulation market is further segmented into regions by considering factors such as regional development of testing and R&D centers, market size of automotive industry (production), OEM plants, test centers and R&D centers, and primary insights. Further, regional automotive simulation market, by country, has been derived by determining penetration of different automotive simulation components and deployment mode by considering factors such as government regulations.
Moreover, the US has taken an aggressive stance on testing self-driving vehicles as well as making their EVs more intelligent. This report contains various levels of industry analysis and company profiles, which highlight the emerging and high-growth segments of this market, competitive mapping, and market dynamics (drivers, restraints, opportunities, andchallenges).
The study contains insights from various industry experts, ranging from component suppliers to tier 1companies and OEMs. The break-up of the primaries is as follows:
• By Company Type: Tier 1:63%, Tier 2:13%, OEM:24%
• By Designation: C level:50%,D level:37%,Others:13%
• By Region: North America:38%, Europe:24%, AsiaPacific:38%
The automotive simulation market is dominated by globally established players such as Ansys (US), Altair (US), Siemens PLM (US), PTC (US), and Dassault Systèmes (France). Also, Design Simulation Technologies (DST) (US), SimScale (Germany), and AnyLogic (US) provide automotive simulation solutions.
More Information on “Automotive Simulation Market by Deployment (On-premises & Cloud), Component (Software & Services), End Market (OEMs, Automotive Component Manufacturers, & Regulatory Bodies), and Region (Asia Pacific, Europe, North America, & RoW) - Global Forecast to 2025” report at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1786561 .
The report covers the automotive simulation market, by value, on the basis of region (Asia Pacific, Europe, North America, and the Rest of the World),by deployment (On-premises and Cloud), Component (Software and Services), application (Testing and Prototyping), End Market (OEMs, Automotive component Manufacturers, and Regulatory bodies).
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ReportsnReports
Mr. Hrishikesh
Tel: + 18883915441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results