Global Simulation and Analysis Software Market 2018-2022

This market research report presents a comprehensive analysis of the global simulation and analysis software market based on end user segments including automotive industry, electrical and electronics industry, aerospace and defense industry, and other industries. Additionally, the report also provides a detailed analysis of the simulation and analysis market’s growth prospects in geographic regions including the Americas, APAC, and EMEA.

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Overview of the simulation and analysis software market

Technavio’s market research analysts have predicted that the simulation and analysis software market size will be close to USD 8 billion by 2022. According to this market research and analysis, the improvements in safety and reliability of aerospace designs will be one of the key simulation and analysis software market drivers impelling the market’s growth during the next few years. With the rising need for lightweight aerospace and defense systems and continuous improvements in specifications, the adoption of simulation has increased considerably in the recent years. Furthermore, vendors are developing innovative PLM software solutions to fasten the expensive and time-consuming process of building aerospace prototypes. For instance, MSC Software offers composite modeling, fatigue optimization, failure analysis for improving product life and multibody dynamics. Consequently, the continuously increasing improvements in the safety and reliability of aerospace designs are further expected to fuel the growth of simulation and analysis software market worth in the forthcoming years.

With the growing need for understanding the various attributes of actual systems, vendors in the simulation and analysis software market are focusing on creating digital twins, a digital model that represents the actual system. Owing to the technological advancements, the need for product development according to specifications and requirements has increased considerably in the recent years. The functions of different systems in different environments can be analyzed and changed with the help of a digital twin to improve the quality of existing systems. This has encouraged market players such as Siemens and ANSYS to offer software solutions by integrating modern technologies including 3D simulation and analysis. According to our industry research analysts, simulation in digital twin making will be one of the major simulation and analysis software market trends that will gain traction in the industry during the next few years.

Companies covered

With the presence of a considerable number of companies, teh simulation and analysis software market appears to be moderately fragmented. The simulation software market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies. Additionally, the report also recommends areas the companies should focus on to enhance their customer base across various geographies.

This research report provides an analysis of various companies in this market including –

• ANSYS
• Altair
• Dassault Systѐmes
• Hexagon
• PTC
• Siemens

Segmentation by end-user and analysis of the simulation and analysis software market

• Automotive industry
• Electrical and electronics industry
• Aerospace and defense industry

The automotive industry was the major end-user to this market during 2017. According to this simulation software market research report, the segment will continue to dominate the market throughout the forecast period.

Segmentation by geography and analysis of the simulation and analysis software market

• Americas
• APAC
• EMEA

Technavio’s simulation and analysis software market research report suggests, the Americas accounted for the maximum growth of the modeling and simulation software during 2017. Owing to the presence of several key vendors and the early adoption technology in the advanced economies such as the US, this region will account for the largest demand during the next few years as well.

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Key questions answered in the report include

• What will the simulation and analysis software market size, market forecast and the growth rate be in 2022?
• What are the key factors driving the global simulation and analysis software market?
• What are the key market trends impacting the growth of the global simulation and analysis software market?
• What are the challenges to market growth?
• Who are the key vendors in the global simulation and analysis software market?
• What are the market opportunities and threats faced by the vendors in the global simulation and analysis software market?
• What are the trending factors influencing the simulation and analysis software market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global simulation and analysis software market?