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
[132 Pages Report] 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 market.
The study involves four main activities to estimate the current size of the automotive simulation market. Exhaustive secondary research was done to collect information on the market such as the use of simulation software in various applications and by various end users. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A top-down approach was employed to estimate the complete market size of different segments considered in this study.
Secondary Research
The secondary sources referred to in this research study include automotive industry organizations such as the Organisation Internationale des Constructeurs d'Automobiles (OICA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.
Primary Research
Extensive primary research was conducted after acquiring an understanding of the scenario of the automotive simulation market through secondary research. Several primary interviews were conducted with the market experts from both demand- side (End Market) and supply-side (simulation software providers) across 4 major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Primary data was collected through questionnaires, emails, and telephonic interviews. In our canvassing of primaries, we strived to cover various departments within organizations, which included sales, operations, and administration, to provide a holistic viewpoint of the market in our report.
After interacting with the industry participants, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the opinions of the in-house subject-matter experts, led us to the findings as described in this report.
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Market Size Estimation
A top-down approach has been used to estimate and forecast the size of the automotive simulation market. The global market size of the automotive simulation software from supply-side has been derived by considering the revenue generated by all the industry players providing simulation software solutions for automotive, year-on-year (Y-O-Y) growth of simulation industry. The market size of automotive simulation from demand-side has been derived by multiplying the global market with the penetration of the automotive industry applications based industry use cases, company developments, and primary insights. The market size and approach was further discussed with primary participants for correction and validation. Based on the primary insights and industry growth, we developed 3 scenarios (Optimistic, Conservative, and Best fit) and the most validated scenario “Best fit” has been considered to arrive at final market estimates. The global market is further segmented into regions by considering factors such as the regional development of testing and R&D centers, market size of the automotive industry (production), OEM plants, test centers and R&D centers, and primary insights. Further, the regional market, by country, has been derived by determining the penetration of different automotive simulation components and deployment mode by considering factors such as government regulations, automotive simulation applications, company developments, use cases, potential use cases, and primary insights.
Data Triangulation
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified by primary sources. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying various factors and trends from both, the demand and supply sides, in the automotive simulation market.
Report Objectives
- To define, segment, and forecast the automotive simulation market from 2018 to 2025, in terms of volume and value
- To provide a detailed analysis of various factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
- To segment and forecast the size of the market based on application, deployment, end market, component, and region
- To forecast the size of the market for 4 regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW)
- To segment and forecast the size of the market, in terms of value, based on end market (OEMs, automotive component manufacturers, and regulatory bodies)
- To segment and forecast the size of the market, in terms of value, based on application (Prototyping and Testing)
- To segment and forecast the size of the market, in terms of value, based on deployment (On-premises and Cloud)
- To segment and forecast the size of the market, in terms of value, based on component (Software and Services)
- To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by the key players in the market.
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|
Report Metric |
Details |
|
Market Size Available for Years |
2016–2025 |
|
Base Year Considered |
2017 |
|
Forecast Period |
2018–2025 |
|
Forecast Units |
Value (USD million) |
|
Segments Covered |
End Market, Component, Deployment, Application, and Region |
|
Geographies Covered |
Asia Pacific, Europe, North America, and the RoW |
|
Companies Covered |
Ansys (US), Altair (US), Siemens PLM (US), PTC (US), and Dassault Systèmes (France) |
This research report categorizes the automotive simulation market on the basis of deployment, component, end market, application, and region.
Market, By Deployment
- On-premises
- Cloud
Market, By Component
- Software
- Services
Market, By End Market
- OEMs
- Automotive Component Manufacturers
- Regulatory Bodies
Market, By Application
- Prototyping
- Testing
Market, By Region
- North America
- Europe
- Asia Pacific
- RoW
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with company-specific needs.
The following customization options are available for the report:
Additional Company Profiles
- Business Overview
- SWOT Analysis
- Recent Developments
- MnM View
Detailed analysis of the automotive simulation market, by end market
Detailed analysis of the automotive simulation market, by application
The regulatory bodies segment is expected to be the fastest growing segment in the automotive simulation market, by end market, during the forecast period.
The regulatory bodies segment will grow at the highest rate as the industry moves toward the new priority 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; the governing bodies need to understand the complete functioning of these modern vehicles. The automotive simulation software are widely used at the test centers of regulatory bodies for this purpose.
The testing segment is expected to be the largest contributor in the automotive simulation market, by application, during the forecast period.
The testing application segment will grow at the fastest rate as simulation software are widely used in the automotive industry at this stage. Simulation software helps in testing the designs and validating the findings with desired results. Moreover, the simulation software significantly reduces the efforts of OEMs during lab testing and on-road testing apart from their go-to-market time for new products and technologies.
Asia Pacific is expected to account for the largest market size during the forecast period.
Asia Pacific is expected to be the largest region in the automotive simulation market during the forecast period. Asia Pacific comprises emerging economies, such as China and India, along with developed nations, such as Japan, and is the largest market for automobiles. In the recent years, the region has emerged as a hub for automobile production. Infrastructural developments and industrialization in the emerging economies have opened new avenues, creating several opportunities for the automotive OEMs. To gain a competitive advantage in the market, OEMs are offering advanced applications such as HMI, keyless entry, and auto-park assist among others, which creates demand for prototyping and testing of new automotive systems. This, in turn, is expected to drive the growth of the market in the region. Moreover, the different governments in the region are set to introduce stringent environmental regulations on OEMs from2020 compelling manufacturers to change designs according to new standards. All these factors are expected to fuel the growth of the market in the region.
The key players in the automotive simulation market are Altair (US), Ansys (US), PTC (US), Siemens (Germany), Autodesk (US), Dassault Systèmes (France), Synopsis (US), MathWorks (US), and ESI (France). Ansys is anticipated to be a dominant player in the market. Ansys adopted the strategies of new product development, partnership, and merger & acquisition to retain its leading position in the market. Strengthening the product portfolio and global presence by building customer relationships, Ansys has left a mark not only in the current market but also in the emerging markets such as India. This is the strategy that Ansys is following to maintain its leadership in the market.
Recent Developments
- In May 2018, Siemens PLM Software and the Michigan-based American Center for Mobility (ACM) announced a new partnership that brought Siemens’ Simulation and Test solution for Automotive to ACM to support virtual and physical testing and validation of automated and connected vehicles.
- In March 2018, ANSYS entered into a definitive agreement to acquire OPTIS, a premier provider of software for scientific simulation of light, human vision, and physics-based visualization. The acquisition of OPTIS extends ANSYS' industry-leading Multiphysics-based portfolio into the increasingly important area of optical simulation. The transaction is expected to close in the second quarter of 2018.
- In September 2018, ANSYS launched ANSYS 19.2 that delivers faster problem-solving capabilities across the entire portfolio. The newly released ANSYS 19.2 helps customers solve their most difficult product development challenges faster than ever. This simulation solution empowers more users to accelerate the design process with its new single window, efficient workflows, and patent-pending advanced meshing technology for Computational Fluid Dynamics (CFD).
Key Questions addressed by the report
- Where will all these developments take the industry in the mid- to long-term?
- How increasing adoption of electric vehicles and changing environmental norms affecting the automotive simulation market?
- What new application areas are the automotive simulation software providing companies exploring?
- Which are the key players in the market and how intense is the competition?
- How will the advent of autonomous vehicles impact the market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitation
1.7 Stakeholders
2 Research Methodology (Page No. - 19)
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.3.1 Sampling Techniques & Data Collection Methods
2.3.2 Primary Participants
2.4 Data Triangulation
2.5 Assumptions
3 Executive Summary (Page No. - 24)
4 Premium Insights (Page No. - 27)
4.1 Attractive Opportunities in the Automotive Simulation Market
4.2 Market in Asia Pacific, By Component and Country
4.3 Market: Major Countries
4.4 Market, By Application
4.5 Market, By Deployment
4.6 Market, By Component
4.7 Market, By End Market
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Technological Changes
5.2.1.2 Increasing Focus on R&D Activities
5.2.2 Restraints
5.2.2.1 Complexities in Real-Time Control
5.2.3 Opportunities
5.2.3.1 Increasing Developments in the Field of Autonomous and Semi-Autonomous Vehicles
5.2.4 Challenges
5.2.4.1 Integration Complexities
5.2.4.2 Lack of Benchmark and Standards in the Simulation and Analysis Market
6 Automotive Simulation Market, By End Market (Page No. - 37)
6.1 Introduction
6.2 OEM
6.2.1 Asia Pacific is Estimated to Be the Largest Market for OEM Segment of Market
6.3 Automotive Component Manufacturers
6.3.1 The North America is Estimated to Be the Fastest Growing Segment for Automotive Component Manufacturer Segment of Market
6.4 Regulatory Bodies
6.4.1 Europe Hold the Largest Market Share in Regulatory Bodies Segment
7 Automotive Simulation Market, By Deployment (Page No. - 42)
7.1 Introduction
7.2 On-Premises
7.2.1 On-Premises Segment is Estimated to Contribute Highest Market Share During the Forecast Period
7.3 Cloud
7.3.1 Cloud Segment is Estimated to Grow at A Significant Rate Owing to Its Cost Effectiveness
8 Automotive Simulation Market, By Component (Page No. - 46)
8.1 Introduction
8.2 Software
8.2.1 North America is Estimated to Be the Fastest Market for Software Segment
8.3 Services
8.3.1 Increase in Demand for Pay Per Use is Driving the Market for Services Segment
9 Automotive Simulation Market, By Application (Page No. - 50)
9.1 Introduction
9.2 Prototyping
9.2.1 Asia Pacific Segment is Largest Market for Prototyping
9.3 Testing
9.3.1 Increase in Government Regulation is Driving the Market for Testing Segment
10 Automotive Simulation Market, By Region (Page No. - 55)
10.1 Introduction
10.2 Asia Pacific
10.2.1 China
10.2.1.1 With Maximum Share in Global Vehicle Production China is Estimated to Be the Second Largest Market in Asia Pacific
10.2.2 Japan
10.2.2.1 Presence of Innovative OEMs is One of the Key Factor to Make Japan Largest Market in Asia Pacific
10.2.3 India
10.2.3.1 India is Estimated to Be the Fastest Growing Market as OEMs are Moving Their R&D Base to the Country Owing to Its Cost Effectiveness
10.2.4 South Korea
10.2.4.1 On-Premises Segment is Estimated to Be Largest Market in South Korea
10.2.5 Thailand
10.2.5.1 Growing Demand of Connected Safety and Convenient Features to Drive the Market
10.2.6 Rest of Asia Pacific
10.2.6.1 Cloud Segment is Estimated to Grow at Significant Growth Rate
10.3 Europe
10.3.1 France
10.3.1.1 Rise in Electronic Content Will Boost the Market of Testing in Automotive Simulation Market
10.3.2 Germany
10.3.2.1 Internationally Renowned Innovation Hub Germany is Estimated to Be the Largest Market in European Region
10.3.3 Russia
10.3.3.1 Services Segment is Estimated to Be the Fastest Segment
10.3.4 Spain
10.3.4.1 On-Premises and Software Segment is Estimated to Be the Largest
10.3.5 Turkey
10.3.5.1 Cloud and Services Segment is Fastest Growing Segment
10.3.6 UK
10.3.6.1 UK is Estimated to Be the Fastest Growing Market Owing to Large Demand for Premium Cars With Advanced Safety and Comfort Functions
10.3.7 Rest of Europe
10.3.7.1 Services Segment is Estimated to Be the Fastest Growing Segment
10.4 North America
10.4.1 US
10.4.1.1 an Aggressive Stance on Testing Self-Driving Vehicles Would Make the Market Dominate in the Region
10.4.2 Canada
10.4.2.1 Software Segment Will Dominate the Market
10.4.3 Mexico
10.4.3.1 Mexico is Estimated to Be Second Largest Market for Automotive Simulation Market in the Region
10.5 Rest of the World
10.5.1 Brazil
10.5.1.1 Growing Connected Infrastructure Will Make the Automotive Simulation Market to Rise
10.5.2 Iran
10.5.2.1 Cloud Segment is Estimated to Grow at Significant Growth Rate
10.5.3 Others
10.5.3.1 Software Segment is Estimated to Be Largest Market By 2025
11 Competitive Mapping (Page No. - 87)
11.1 Overview
11.2 Market Ranking Analysis
11.3 Competitive Situation & Trends
11.3.1 New Product Developments/ Product Enhancement
11.3.2 Expansions
11.3.3 Partnerships/Supply Contracts/Collaborations/ Joint Ventures
11.3.4 Acquisitions/Agreements
12 Company Profiles (Page No. - 94)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 Altair Engineering
12.2 Ansys
12.3 PTC
12.4 Siemens
12.5 Autodesk
12.6 Dassault Systèmes
12.7 Synopsys
12.8 Mathworks
12.9 ESI
12.10 IPG Automotive
12.11 AVL
12.12 Aras
12.13 Comsol
12.14 Simul8 Corporation
12.15 Design Simulation Technologies
12.16 Dspace GmbH
12.17 Opal-Rt
12.18 Simscale
12.19 Anylogic
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 126)
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.4.1 Additional Company Profiles
13.4.1.1 Business Overview
13.4.1.2 SWOT Analysis
13.4.1.3 Recent Developments
13.4.1.4 MnM View
13.4.2 Detailed Analysis of Automotive Simulation Market By End Market
13.4.3 Detailed Analysis of Automotive Simulation Market By Application
13.5 Related Reports
13.6 Author Details
List of Tables (71 Tables)
Table 1 Currency Exchange Rates (WRT USD)
Table 2 Automotive Simulation Market, By End Market, 2016–2025 (USD Million)
Table 3 OEM: Market, By Region, 2016–2025 (USD Million)
Table 4 Automotive Component Manufaturers: Market, By Region, 2016–2025 (USD Million)
Table 5 Regulatory Bodies: Market, By Region, 2016–2025 (USD Million)
Table 6 Market, By Deployment, 2016–2025 (USD Million)
Table 7 On-Premises: Market, By Region, 2016–2025 (USD Million)
Table 8 Cloud: Market, By Region, 2016–2025 (USD Million)
Table 9 Market, By Component, 2016–2025 (USD Million)
Table 10 Software: Market, By Region, 2016–2025 (USD Million)
Table 11 Services: Market, By Region, 2016–2025 (USD Million)
Table 12 Market, By Application, 2016–2025 (USD Million)
Table 13 Prototyping: Market, By Region, 2016–2025 (USD Million)
Table 14 Testing: Market, By Region, 2016–2025 (USD Million)
Table 15 Market, By Region, 2016–2025 (USD Million)
Table 16 Market, By Deployment, 2016–2025 (USD Million)
Table 17 Market, By Component, 2016–2025 (USD Million)
Table 18 Asia Pacific: Market , By Country, 2016–2025 (USD Million)
Table 19 Asia Pacific: Market, By Deployment, 2016–2025 (USD Million)
Table 20 Asia Pacific: Market, By Component, 2016–2025 (USD Million)
Table 21 China: Market, By Deployment, 2016–2025 (USD Million)
Table 22 China: Market,By Component, 2016–2025 (USD Million)
Table 23 Japan: Market, By Deployment, 2016–2025 (USD Million)
Table 24 Japan: Market, By Component, 2016–2025 (USD Million)
Table 25 India: Market, By Deployment, 2016–2025 (USD Million)
Table 26 India: Market, By Component, 2016–2025 (USD Million)
Table 27 South Korea: Market, By Deployment, 2016–2025 (USD Million)
Table 28 South Korea: Market, By Component, 2016–2025 (USD Million)
Table 29 Thailand: Market, By Deployment, 2016–2025 (USD Million)
Table 30 Thailand: Market, By Component, 2016–2025 (USD Million)
Table 31 Rest of Asia Pacific: Automotive Simulation Market, By Deployment, 2016–2025 (USD Million)
Table 32 Rest of Asia Pacific: Market, By Component, 2016–2025 (USD Million)
Table 33 Europe: Market, By Country, 2016–2025 (USD Million)
Table 34 Europe: Market, By Deployment, 2016–2025 (USD Million)
Table 35 Europe: Market, By Component, 2016–2025 (USD Million)
Table 36 France: Market, By Deployment, 2016–2025 (USD Million)
Table 37 France: Market, By Component, 2016–2025 (USD Million)
Table 38 Germany: Market, By Deployment, 2016–2025 (USD Million)
Table 39 Germany: Market, By Component, 2016–2025 (USD Million)
Table 40 Russia: Market, By Deployment, 2016–2025 (USD Million)
Table 41 Russia: Market, By Component, 2016–2025 (USD Million)
Table 42 Spain: Market, By Deployment, 2016–2025 (USD Million)
Table 43 Spain: Market, By Component, 2016–2025 (USD Million)
Table 44 Turkey: Market, By Deployment, 2016–2025 (USD Million)
Table 45 Turkey: Market, By Component, 2016–2025 (USD Million)
Table 46 UK: Market, By Deployment, 2016–2025 (USD Million)
Table 47 UK: Market, By Component, 2016–2025 (USD Million)
Table 48 Rest of Europe: Market, By Deployment, 2016–2025 (USD Million)
Table 49 Rest of Europe: Market, By Component, 2016–2025 (USD Million)
Table 50 North America: Market, By Country, 2016–2025 (USD Million)
Table 51 North America: Market, By Deployment, 2016–2025 (USD Million)
Table 52 North America: Market, By Component, 2016–2025 (USD Million)
Table 53 US: Automotive Simulation Market, By Deployment, 2016–2025 (USD Million)
Table 54 US: Market, By Component, 2016–2025 (USD Million)
Table 55 Canada: Market, By Deployment, 2016–2025 (USD Million)
Table 56 Canada: Market, By Component, 2016–2025 (USD Million)
Table 57 Mexico: Market, By Deployment, 2016–2025 (USD Million)
Table 58 Mexico: Market, By Component, 2016–2025 (USD Million)
Table 59 RoW: Market, By Country, 2016–2025 (USD Million)
Table 60 RoW: Market, By Deployment, 2016–2025 (USD Million)
Table 61 RoW: Market, By Component, 2016–2025 (USD Million)
Table 62 Brazil: Market, By Deployment, 2016–2025 (USD Million)
Table 63 Brazil: Market, By Component, 2016–2025 (USD Million)
Table 64 Iran: Market, By Deployment, 2016–2025 (USD Million)
Table 65 Iran: Market, By Component, 2016–2025 (USD Million)
Table 66 Others: Market, By Deployment, 2016–2025 (USD Million)
Table 67 Others: Market, By Component, 2016–2025 (USD Million)
Table 68 New Product Developments, 2014–2018
Table 69 Expansions, 2014–2018
Table 70 Partnerships/Supply Contracts/Collaborations/Joint Ventures, 2014–2018
Table 71 Acquisitions/Agreements, 2015–2018
List of Figures (41 Figures)
Figure 1 Automotive Simulation Market Segmentation
Figure 2 Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market: Top-Down Approach
Figure 6 Market: Market Dynamics
Figure 7 Market: Market Size
Figure 8 Rapid Technological Changes to Drive the Market Growth During the Forecast Period
Figure 9 Software and Japan Account for the Largest Share of the Market, By Component & Country, in 2018
Figure 10 India to Grow at the Fastest Rate During the Forecast Period
Figure 11 Testing is Estimated to Lead the Market, 2018 vs 2025 (USD Million)
Figure 12 On-Premises is Estimated to Lead the Market, 2018 vs 2025 (USD Million)
Figure 13 Software is Estimated to Lead the Market, 2018 vs 2025 (USD Million)
Figure 14 OEM is Estimated to Lead the Market, 2018 vs 2025 (USD Million)
Figure 15 Automotive Simulation Market: Drivers,Restraints, Opportunities, Challenges
Figure 16 On Road Light and Heavy-Duty Vehicle Emission Regulation Outlook
Figure 17 Evolution of Autonomous Vehicles
Figure 18 Market, By Region, 2018 vs 2025
Figure 19 Market, By Deployment, 2018 vs 2025 (USD Million)
Figure 20 Market, By Component, 2018 vs 2025 (USD Million)
Figure 21 Market, By Application, 2018 vs 2025 (USD Million)
Figure 22 Market, By Region, 2018 vs 2025
Figure 23 Asia Pacific: Market Snapshot
Figure 24 Europe: Market, By Country, 2018 vs 2025 (USD Million)
Figure 25 North America: Market, By Country, 2018 vs 2025 (USD Million)
Figure 26 RoW: Market, By Country, 2018 vs 2025 (USD Million)
Figure 27 Key Developments By Leading Players in the Market, 2014–2018
Figure 28 Market Ranking: 2017
Figure 29 Company Snapshot: Altair Engineering
Figure 30 Altair Engineering: SWOT Analysis
Figure 31 Company Snapshot: Ansys
Figure 32 Ansys: SWOT Analysis
Figure 33 Company Snapshot: PTC
Figure 34 PTC: SWOT Analysis
Figure 35 Company Snapshot: Siemens
Figure 36 Siemens: SWOT Analysis
Figure 37 Company Snapshot: Autodesk
Figure 38 Autodesk: SWOT Analysis
Figure 39 Company Snapshot: Dassault Systèmes
Figure 40 Company Snapshot: Synopsys
Figure 41 Company Snapshot: ESI
Growth opportunities and latent adjacency in Automotive Simulation Market