Simulation Software Market by Types (On-premise and Cloud), Applications (Automotive, IT, Education, Aerospace, Defense, Healthcare, and R&D), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028
The global simulation software market was valued at USD 9.6 billion in 2020 and is expected to reach USD 15.8 billion by 2028, expanding at a CAGR of 17.1% during the forecast period, 2021–2028. The growth of the market is attributed to its advantages such as reduced production expenditure, reduced prices of trainings, and increasing investments in industries such as aerospace, defense, and healthcare.
Simulation is a computer-based model, which works on the principles of arithmetic and physics. It allows for planning, validation, and improvement of products and solutions. Simulation software is widely used to design and test products, and analyze the responses. It is used in varied applications such as engineering, R&D, and gamification. Many companies adopt simulation technologies in their production, as it helps minimize the errors during production and allows for design validation.
The global simulation software market includes numerous vendors that offer simulation software systems and services to industries across the world. Enterprises are concentrating on R&D activities to gain a competitive advantage over the market. Companies such as AVL, Siemens, Dassault, and others are engaged in partnerships, agreements, and collaborations to increase their presence in the global simulation software market.
Market Drivers, Restraints, Trends, and Opportunities:
- High rate of operational inefficiencies including misconfiguration, cloud breaches, hacking, delays in consumer orders and improper functioning of simulation models is expected to hinder the market growth.
- High-performance computer (HPC) simulations and computer-aided engineering (CAE) applications help optimize all aspects of merchandise production and development, boosting the market.
- Simulation software is widely used in the education and analytics sector, which can propel the market over the forecast period.
- COVID-19 has pushed organizations to act quickly to protect employees, address crucial challenges, and reduce their losses. Simulation modeling assists the organizations in developing strategies to retort quickly, effectively, and safely in emergencies. Increasing investments in healthcare to develop and produce effective vaccines for COVID-19 and other diseases is expected to fuel the market growth in the coming years.
Scope of the Report:
The report on the global simulation software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Simulation Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Types (On-premise and Cloud), Applications (Automotive, IT, Education, Aerospace, Defense, Healthcare, and R&D) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Mathwork, Autodesk, Ansys, Siemens AG, PTC, Dassault Systemes, Altair Engineering, MSC Software, Honeywell. Keysight Technologies, Aveva, Spirent Communication, Bentley System, Synopsys, AVL List GmbH, COMSOL, Certara, CAE, aPriori, PTV Group, AnyLogic, SimScale, Scalable Networks, Simul8 Corporation, FlexSim, MOSIMTEC, Simio, ProSim, Cyabernet, and Cesim |
Market Segment Insights:
In terms of types, the market is divided into on-premise and cloud. The cloud segment is expected to register a high CAGR over the next few years. The expansion of this segment is attributed to its advantages. Software packages are usually deployed over the cloud, as it is easy to maintain and upgrade the software on the cloud as per customers requirement.
Based on applications, the global simulation market is segmented into automotive, IT, education, aerospace, defense, healthcare, and R&D. The aerospace & defense industry accounts for a major share of the simulation software market, as they use modeling and simulation for various purposes, including training of soldiers, conducting joint training operations, formulating operational plans, simulation of future missions, and others.
On the basis of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe accounted for a major share in the global simulation software market in 2020. Countries such as Germany and the UK are primarily contributing to the growth of the market. The market in North America is anticipated to grow at a high CAGR in the forecast period, due to use of advanced technologies in simulation to avoid production of faulty products.
Segments
The global simulation software market has been segmented on the basis of
Types
- On-premise
- Cloud
Applications
- Automotive
- IT
- Education
- Aerospace
- Defense
- Healthcare
- R&D
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Competitive Landscape
Major players competing in the global simulation software market include Mathwork, Autodesk, Ansys, Siemens AG, PTC, Dassault Systemes, Altair Engineering, MSC Software, Honeywell. Keysight Technologies, Aveva, Spirent Communication, Bentley System, Synopsys, AVL List GmbH, COMSOL, Certara, CAE, aPriori, PTV Group, AnyLogic, SimScale, Scalable Networks, Simul8 Corporation, FlexSim, MOSIMTEC, Simio, ProSim, Cyabernet, and Cesim.
Some of these companies are engaged in adopting several market strategies such as merger & acquisitions, product launches, R&D activities, and capacity expansion to increase their market share and global presence.AspenTech’s process modeling software has been used to design at least three-quarters of the world’s upstream, midstream, and downstream segments of the oil & natural gas industry.
Arcimoto Inc, an electric vehicle company, has collaborated with XponentialWorks and ParaMatters to design and manufacture lightweight components for its Fun Utility Vehicle (FUV). AI-powered generative design software by ParaMatters will assist the company in redesigning its components and create lightweight parts. This will enable Arcimoto Inc to replace the existing heavyweight components with lightweight components and allow the FUC to drive long distances on a single charge with improved acceleration and better handling.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Simulation Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Simulation Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Simulation Software Market - Supply Chain
4.5. Global Simulation Software Market Forecast
4.5.1. Simulation Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Simulation Software Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Simulation Software Market Absolute $ Opportunity
5. Global Simulation Software Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Simulation Software Market Size and Volume Forecast by Types
5.3.1. On-premise
5.3.2. Cloud
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Simulation Software Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Simulation Software Market Size and Volume Forecast by Applications
6.3.1. Automotive
6.3.2. IT
6.3.3. Education
6.3.4. Aerospace
6.3.5. Defense
6.3.6. Healthcare
6.3.7. R&D
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Simulation Software Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Simulation Software Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Simulation Software Demand Share Forecast, 2019-2026
8. North America Simulation Software Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Simulation Software Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Simulation Software Market Size and Volume Forecast by Types
8.4.1. On-premise
8.4.2. Cloud
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Simulation Software Market Size and Volume Forecast by Applications
8.7.1. Automotive
8.7.2. IT
8.7.3. Education
8.7.4. Aerospace
8.7.5. Defense
8.7.6. Healthcare
8.7.7. R&D
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Simulation Software Demand Share Forecast, 2019-2026
9. Latin America Simulation Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Simulation Software Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Simulation Software Market Size and Volume Forecast by Types
9.4.1. On-premise
9.4.2. Cloud
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Simulation Software Market Size and Volume Forecast by Applications
9.7.1. Automotive
9.7.2. IT
9.7.3. Education
9.7.4. Aerospace
9.7.5. Defense
9.7.6. Healthcare
9.7.7. R&D
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Simulation Software Demand Share Forecast, 2019-2026
10. Europe Simulation Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Simulation Software Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Simulation Software Market Size and Volume Forecast by Types
10.4.1. On-premise
10.4.2. Cloud
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Simulation Software Market Size and Volume Forecast by Applications
10.7.1. Automotive
10.7.2. IT
10.7.3. Education
10.7.4. Aerospace
10.7.5. Defense
10.7.6. Healthcare
10.7.7. R&D
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Simulation Software Demand Share Forecast, 2019-2026
11. Asia Pacific Simulation Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Simulation Software Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Simulation Software Market Size and Volume Forecast by Types
11.4.1. On-premise
11.4.2. Cloud
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Simulation Software Market Size and Volume Forecast by Applications
11.7.1. Automotive
11.7.2. IT
11.7.3. Education
11.7.4. Aerospace
11.7.5. Defense
11.7.6. Healthcare
11.7.7. R&D
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Simulation Software Demand Share Forecast, 2019-2026
12. Middle East & Africa Simulation Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Simulation Software Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Simulation Software Market Size and Volume Forecast by Types
12.4.1. On-premise
12.4.2. Cloud
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Simulation Software Market Size and Volume Forecast by Applications
12.7.1. Automotive
12.7.2. IT
12.7.3. Education
12.7.4. Aerospace
12.7.5. Defense
12.7.6. Healthcare
12.7.7. R&D
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Simulation Software Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Simulation Software Market: Market Share Analysis
13.2. Simulation Software Distributors and Customers
13.3. Simulation Software Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Mathwork
13.4.2. Autodesk
13.4.3. Ansys
13.4.4. Siemens AG
13.4.5. PTC
13.4.6. Dassault Systemes
13.4.7. Altair Engineering
13.4.8. MSC Software
13.4.9. Honeywell
13.4.10. Keysight Technologies
13.4.11. Aveva
2. Assumptions and Acronyms Used
3. Research Methodology
4. Simulation Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Simulation Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Simulation Software Market - Supply Chain
4.5. Global Simulation Software Market Forecast
4.5.1. Simulation Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Simulation Software Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Simulation Software Market Absolute $ Opportunity
5. Global Simulation Software Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Simulation Software Market Size and Volume Forecast by Types
5.3.1. On-premise
5.3.2. Cloud
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Simulation Software Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Simulation Software Market Size and Volume Forecast by Applications
6.3.1. Automotive
6.3.2. IT
6.3.3. Education
6.3.4. Aerospace
6.3.5. Defense
6.3.6. Healthcare
6.3.7. R&D
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Simulation Software Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Simulation Software Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Simulation Software Demand Share Forecast, 2019-2026
8. North America Simulation Software Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Simulation Software Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Simulation Software Market Size and Volume Forecast by Types
8.4.1. On-premise
8.4.2. Cloud
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Simulation Software Market Size and Volume Forecast by Applications
8.7.1. Automotive
8.7.2. IT
8.7.3. Education
8.7.4. Aerospace
8.7.5. Defense
8.7.6. Healthcare
8.7.7. R&D
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Simulation Software Demand Share Forecast, 2019-2026
9. Latin America Simulation Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Simulation Software Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Simulation Software Market Size and Volume Forecast by Types
9.4.1. On-premise
9.4.2. Cloud
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Simulation Software Market Size and Volume Forecast by Applications
9.7.1. Automotive
9.7.2. IT
9.7.3. Education
9.7.4. Aerospace
9.7.5. Defense
9.7.6. Healthcare
9.7.7. R&D
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Simulation Software Demand Share Forecast, 2019-2026
10. Europe Simulation Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Simulation Software Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Simulation Software Market Size and Volume Forecast by Types
10.4.1. On-premise
10.4.2. Cloud
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Simulation Software Market Size and Volume Forecast by Applications
10.7.1. Automotive
10.7.2. IT
10.7.3. Education
10.7.4. Aerospace
10.7.5. Defense
10.7.6. Healthcare
10.7.7. R&D
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Simulation Software Demand Share Forecast, 2019-2026
11. Asia Pacific Simulation Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Simulation Software Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Simulation Software Market Size and Volume Forecast by Types
11.4.1. On-premise
11.4.2. Cloud
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Simulation Software Market Size and Volume Forecast by Applications
11.7.1. Automotive
11.7.2. IT
11.7.3. Education
11.7.4. Aerospace
11.7.5. Defense
11.7.6. Healthcare
11.7.7. R&D
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Simulation Software Demand Share Forecast, 2019-2026
12. Middle East & Africa Simulation Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Simulation Software Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Simulation Software Market Size and Volume Forecast by Types
12.4.1. On-premise
12.4.2. Cloud
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Simulation Software Market Size and Volume Forecast by Applications
12.7.1. Automotive
12.7.2. IT
12.7.3. Education
12.7.4. Aerospace
12.7.5. Defense
12.7.6. Healthcare
12.7.7. R&D
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Simulation Software Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Simulation Software Market: Market Share Analysis
13.2. Simulation Software Distributors and Customers
13.3. Simulation Software Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Mathwork
13.4.2. Autodesk
13.4.3. Ansys
13.4.4. Siemens AG
13.4.5. PTC
13.4.6. Dassault Systemes
13.4.7. Altair Engineering
13.4.8. MSC Software
13.4.9. Honeywell
13.4.10. Keysight Technologies
13.4.11. Aveva
The global simulation software market has been segmented on the basis of
Types
- On-premise
- Cloud
Applications
- Automotive
- IT
- Education
- Aerospace
- Defense
- Healthcare
- R&D
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Major players competing in the global simulation software market include Mathwork, Autodesk, Ansys, Siemens AG, PTC, Dassault Systemes, Altair Engineering, MSC Software, Honeywell. Keysight Technologies, Aveva, Spirent Communication, Bentley System, Synopsys, AVL List GmbH, COMSOL, Certara, CAE, aPriori, PTV Group, AnyLogic, SimScale, Scalable Networks, Simul8 Corporation, FlexSim, MOSIMTEC, Simio, ProSim, Cyabernet, and Cesim.
Some of these companies are engaged in adopting several market strategies such as merger & acquisitions, product launches, R&D activities, and capacity expansion to increase their market share and global presence.AspenTech’s process modeling software has been used to design at least three-quarters of the world’s upstream, midstream, and downstream segments of the oil & natural gas industry.
Arcimoto Inc, an electric vehicle company, has collaborated with XponentialWorks and ParaMatters to design and manufacture lightweight components for its Fun Utility Vehicle (FUV). AI-powered generative design software by ParaMatters will assist the company in redesigning its components and create lightweight parts. This will enable Arcimoto Inc to replace the existing heavyweight components with lightweight components and allow the FUC to drive long distances on a single charge with improved acceleration and better handling.
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