Simulation Software Trends and Forecast
The future of the global simulation software market looks promising with opportunities in the conventional automotive, electric automotive and autonomous vehicle, aerospace & defense, electrical, electronics and semiconductor, healthcare, robotics, entertainment, and architectural engineering and construction markets. The global simulation software market is expected to reach an estimated $58.5 billion by 2030 with a CAGR of 13.1% from 2024 to 2030. The major drivers for this market are rising demand for efficient solutions to decrease manufacturing and training costs, along with the increasing simulation capabilities using sophisticated technologies like digital twins, AR/VR, and 3D printing.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Simulation Software by Segment
The study includes a forecast for the global simulation software by component, deployment, application, end use, and region.
Simulation Software Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Software
• Services
Simulation Software Market by Deployment [Shipment Analysis by Value from 2018 to 2030]:
• On-Premise
• Cloud
Simulation Software Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Engineering, Research, Modeling & Simulated Testing
• High Fidelity Experiential 3D Training
• Gaming & Immersive Experiences
• Manufacturing Process Optimization
• AI Training & Autonomous Systems
• Planning and Logistics Management & Transportation
• Cyber Simulation
Simulation Software Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Conventional Automotive
• Electric Automotive and Autonomous Vehicles
• Aerospace & Defense
• Electrical, Electronics and Semiconductor
• Healthcare
• Robotics
• Entertainment
• Architectural Engineering and Construction
• Others
Simulation Software Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Simulation Software Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies simulation software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the simulation software companies profiled in this report include-
• Altair Engineering
• Autodesk
• Ansys
• Bentley Systems
• Dassault Systèmes
• The MathWorks
• Rockwell Automation
• Simulations Plus
• ESI Group
• GSE Systems
Simulation Software Market Insights
Lucintel forecasts that engineering, research, modeling & simulated testing will remain the largest segment over the forecast period due to the strong use of simulation software by significant end-user organizations for product engineering, modeling, research, and testing reasons.
Within this market, conventional automotive will remain the largest segment due to the early adoption of virtual tools for product creation.
North America will remain the largest region over the forecast period due to increasing investment in R&D operations by the regional players to offer technologically sophisticated items into the market.
Features of the Global Simulation Software Market
Market Size Estimates: Simulation software market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Simulation software market size by component, deployment, application, end use, and region in terms of value ($B).
Regional Analysis: Simulation software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different component, deployment, application, end use, and regions for the simulation software market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the simulation software market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the simulation software market size?
Answer: The global simulation software market is expected to reach an estimated $58.5 billion by 2030.
Q2. What is the growth forecast for simulation software market?
Answer: The global simulation software market is expected to grow with a CAGR of 13.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the simulation software market?
Answer: The major drivers for this market are rising demand for efficient solutions to decrease manufacturing and training costs, along with the increasing simulation capabilities using sophisticated technologies like digital twins, AR/VR, and 3D printing.
Q4. What are the major segments for simulation software market?
Answer: The future of the global simulation software market looks promising with opportunities in the conventional automotive, electric automotive and autonomous vehicle, aerospace & defense, electrical, electronics and semiconductor, healthcare, robotics, entertainment, and architectural engineering and construction markets.
Q5. Who are the key simulation software market companies?
Answer: Some of the key simulation software companies are as follows:
• Altair Engineering
• Autodesk
• Ansys
• Bentley Systems
• Dassault Systèmes
• The MathWorks
• Rockwell Automation
• Simulations Plus
• ESI Group
• GSE Systems
Q6. Which simulation software market segment will be the largest in future?
Answer: Lucintel forecasts that engineering, research, modeling & simulated testing will remain the largest segment over the forecast period due to the strong use of simulation software by significant end-user organizations for product engineering, modeling, research, and testing reasons.
Q7. In simulation software market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing investment in R&D operations by the regional players to offer technologically sophisticated items into the market.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the simulation software market by component (software and services), deployment (on-premise and cloud), application (engineering, research, modeling & simulated testing, high fidelity experiential 3D training, gaming & immersive experiences, manufacturing process optimization, AI training & autonomous systems, planning and logistics management & transportation, and cyber simulation), end use (conventional automotive, electric automotive and autonomous vehicles, aerospace & defense, electrical, electronics and semiconductor, healthcare, robotics, entertainment, architectural engineering and construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Simulation Software Market, Simulation Software Market Size, Simulation Software Market Growth, Simulation Software Market Analysis, Simulation Software Market Report, Simulation Software Market Share, Simulation Software Market Trends, Simulation Software Market Forecast, Simulation Software Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.