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3. List of Companies in Simulation Software Industry are Siemens (Germany), Ansys (US) & Dassault Systemes (France)

The global simulation software market size is projected to grow from USD 18.1 billion in 2023 to USD 33.5 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 13.1% during the forecast period.

The simulation software market’s growth is fueled by a rising need for cost-effective solutions to reduce production expenses and training outlays. Simulation software is gaining prominence due to its ability to mitigate risks and enhance performance, making it an attractive option. The continuous evolution of computing power and cloud technology has dramatically facilitated the widespread adoption of simulation software. This technological progress has made simulations more accessible, realistic, and scalable, increasing their value across multiple industries.

Top Simulation Software Companies:

• Siemens (Germany)
• Ansys (US)
• Dassault Systems (France)
• MathWorks (US)
• Autodesk (US)
• Keysight (US)

Partnerships, agreements, collaborations, acquisitions, and product developments are some of the various growth strategies by these players to increase their market presence.

MathWorks (US):

• MathWorks (US) is a leading player in mathematical computing software that empowers engineers and scientists worldwide with its flagship products, MATLAB and Simulink. MATLAB is the preferred platform for algorithm development, data analysis, visualization, and numerical computation. Simulink offers a versatile block diagram platform for simulation and Model-Based Design of complex multidomain and embedded systems. With nearly 100 specialized products for tasks like data analysis and image processing, MathWorks impacts industries including automotive, aerospace, communications, and industrial automation. Its tools enable the creation of advanced products, from automotive systems to medical devices, and reach academia, with over 6500 institutions globally using them for education and research. MathWorks aims to accelerate progress in engineering and science, driving transformative change across diverse applications worldwide, including deep learning, robotics, wireless communications, and control systems.

PTC (US):

• PTC(US) is a prominent provider of software and services, spearheading digital transformation across various industries like aerospace & defense, automotive, life sciences, oil & gas, and retail & consumer products. Operating across the Americas, Europe, and Asia Pacific, PTC comprises two key segments: Software Products and Professional Services. The company’s portfolio includes cutting-edge solutions such as the Creo suite for comprehensive product design, Windchill for end-to-end product lifecycle management, and the ThingWorx platform for IoT application development and industrial data analysis. PTC’s augmented reality capabilities are embodied in Vuforia, facilitating AR experiences for industrial enterprises. With its software expertise and professional services, PTC drives profound digital evolution across businesses, establishing itself as a pivotal industry player.

Siemens (Germany):

• Overview: Siemens is a global powerhouse in electronics and electrical engineering, operating in the industrial, energy, and healthcare sectors. Siemens PLM Software, a division of Siemens, offers advanced simulation solutions.
• Key Offerings: Siemens' simulation software includes Simcenter, which integrates multiphysics simulation, computational fluid dynamics (CFD), finite element analysis (FEA), and system simulation capabilities. Simcenter helps engineers predict product performance across all critical attributes earlier and throughout the entire lifecycle.

Ansys (US):

• Overview: Ansys is a leading developer of engineering simulation software used to predict how product designs will behave in real-world environments. Ansys' solutions span a wide range of physics, providing unparalleled depth, breadth, and scalability.
• Key Offerings: Ansys offers a comprehensive suite of simulation tools, including Ansys Mechanical for structural analysis, Ansys Fluent for CFD, and Ansys Electronics for electromagnetic simulation. These tools enable engineers to optimize designs and ensure product reliability and performance.

Dassault Systèmes (France):

• Overview: Dassault Systèmes is a multinational software company that specializes in 3D design, 3D digital mock-up, and product lifecycle management (PLM) software. It serves various industries, from aerospace to consumer goods.
• Key Offerings: Dassault Systèmes provides the SIMULIA suite for realistic simulation applications. SIMULIA includes Abaqus for FEA, XFlow for CFD, and CST Studio Suite for electromagnetic analysis. These tools help engineers simulate real-world behavior, improving product quality and performance.

Autodesk (US):

• Overview: Autodesk is a global leader in 3D design, engineering, and entertainment software. Autodesk's solutions span a wide range of industries, from architecture and construction to manufacturing and media.
• Key Offerings: Autodesk provides a variety of simulation tools, including Autodesk CFD for computational fluid dynamics, Autodesk Fusion 360 for integrated CAD/CAM/CAE, and Autodesk Moldflow for plastic injection molding simulation. These tools help designers and engineers optimize and validate their designs before manufacturing.

Keysight Technologies (US):

• Overview: Keysight Technologies is a leading technology company that helps enterprises, service providers, and governments accelerate innovation to connect and secure the world. They offer design and validation solutions for electronics.
• Key Offerings: Keysight provides advanced simulation tools such as PathWave Design Software, which includes electromagnetic (EM) simulation tools like EMPro and ADS (Advanced Design System) for RF and microwave circuit design. These tools are essential for designing and testing high-frequency and high-speed electronic devices.

Apart from prominent vendors, some other key players, such as AVL (Austria), AVEVA (UK), Spirent (UK), Bentley (US), Synopsys (Canada), Certara (US), aPriori (US), AnyLogic (US), SimScale (Germany), Simul8 (UK), Simio (US), FlexSim (US), MOSIMTEC (US), ProSim (US), Cybernet (US), and Cesim (Finland) are also evolving in the simulation software market.

According to MnM’s approach to evaluating the market, most businesses use inorganic growth tactics to hold onto their market share. These agreements cover alliances, acquisitions, collaborations, and partnerships together. Product launches and corporate growth activities are abruptly affected by factors such as government regulations. On the other hand, organizations are anticipated to embrace organic growth strategies to provide end consumers with simulation software and professional services, which would assist businesses in boosting market revenue.

Related Reports:

Simulation Software Market by Offering (Software & Professional Services), Software Type (Computer-Aided Design, Finite Element Analysis), Deployment Mode (On-Premises and Cloud), Application, Vertical and Region - Global Forecast to 2028