Automotive Simulation Market is expected to rise at a significant CAGR during the forecast period from 2021 to 2027. The changing government norms over vehicle safety, increasing changes in technology, and the growing focus on R&D activities are the major factors driving the growth of the market. Automotive simulation is advanced software that simulates passenger cars and their components for testing and development of driver assistance systems, onboard power electronics, vehicle dynamic control and engine control. Car simulation in a vehicle environment is increasingly being adopted in driving education because it helps people learn to drive without risk to life or vehicles. Automotive simulation in manufacturing also helps OEMs increase the efficiency of their products by detecting defects in-vehicle components before they are mounted on the vehicle. Asia-Pacific region is expected to have a significant CAGR during the forecast period owing to the increasing demand for automobiles, rising per capita income, high level of middle-class population and the presence of major developing countries. The Key Players in the global Automotive Simulation Market include ESI Group (Germany), dSPACE GmbH (Germany), ANSYS, Inc. (US), MOOG INC. (US), Dassault Systèmes (France), PG Automotive GmbH (Germany), TESIS GmbH (Germany), Siemens PLM (US).
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A full report of Global Automotive Simulation Market is available at: https://www.orionmarketreports.com/automotive-simulation-market/52090/
The following Segmentation are covered in this report:
By Deployment
- On-premises
- Cloud
By Component
- Software
- Services
By End Market
- OEMs
- Automotive Component Manufacturers
- Regulatory Bodies
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Simulation Market.
- The market share of the global Automotive Simulation Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Simulation Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Simulation Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
