The Automotive Simulation Global Market Report 2023, provides comprehensive information on the automotive simulation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Automotive Simulation Global Market Report 2023, the global automotive simulation market size is expected to grow from $1.77 billion in 2022 to $2.01 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global automotive simulation market size is expected to reach $3.17 billion in 2027 at a CAGR of 12.1%.
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Technological advancements are a key trend gaining popularity in the automotive simulation market. Major companies operating in the automotive simulation market are focused on developing innovative solutions to strengthen their position in the market. For instance, in December 2021, MORAI, a South Korea-based autonomous vehicle simulation company, launched MORAI SIM Cloud, a new cloud-based autonomous driving simulation technology. MORAI SIM Cloud is a cloud-based Software as a Service (SaaS) solution that allows users to simulate autonomous vehicle operations. This technology’s test automation function automatically distributes test cases in a cloud setting to conduct tests and produce results. The cloud-based approach will be crucial in improving test efficiency since it allows users to perform numerous simulation tests, which typically require multiple computers to run, on a single computer at once.
The automotive simulation market is segmented:
1) By Component: Software, Services
2) By Deployment: On-Premises, Cloud
3) By Application: Prototyping, Testing
4) By End-User: Regulatory Bodies, OEMs, Automotive Component Manufacturers
Top Major Players:
Altair Engineering Inc
Ansys Inc.
Autodesk Inc.
AVL List GmbH
Dassault Systèmes SE
Asia-Pacific was the largest region in the automotive simulation market in 2022.
The table of contents in TBRC’s automotive simulation market report includes:
1. Executive Summary
2. Automotive Simulation Market Characteristics
3. Automotive Simulation Market Trends And Strategies
4. Automotive Simulation Market – Macro Economic Scenario
5. Automotive Simulation Market Size And Growth
………………………………………………………
26. Africa Automotive Simulation Market
27. Automotive Simulation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Simulation Market
29. Automotive Simulation Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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