Global Automotive Simulation Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global automotive stimulation market will account to an estimated USD 1.37 billion in 2018 growing at a CAGR of 11.15% during the forecast period of 2019 to 2026.

Global Automotive Simulation Market

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Global Automotive Simulation Market

Automotive simulation is a software technology which is usually used to check how vehicle will react in a specific situation. In simple words it is the reconstruction of a virtual environment for the real vehicles. They are very useful for the beginners who are learning vehicles as it help them to know the different external factors and what they should do during that situation.

Segmentation: Global Automotive Simulation Market

Global automotive stimulation market is segmented on the basis of deployment, component, end market, application and geography.

By Deployment (On-Premises, Cloud), Component (Software, Services), End Market (OEM, Automotive Component Manufacturers, Regulatory Bodies), Application (Prototyping, Testing), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

FACTORS DRIVING GROWTH IN AUTOMOTIVE SIMULATION MARKET

Increasing usage of cloud computing

This data shows the share of the population using cloud computing in Belgium from 2015 to 2017. In 2017, 38 percent of the Belgian population that used the Internet over the past three months used cloud computing.

Global Automotive Simulation Market1

Key Market Competitors:

Few of the major market competitors currently working in the automotive simulation market are Altair Engineering Inc., ANSYS Inc., PTC, Siemens AG, Autodesk Inc., Dassault Systèmes, Synopsys Inc., The MathWorks Inc., ESI Group, IPG Automotive GmbH, AVL, Aras, COMSOL INC., SIMUL8 Corporation, Design Simulation Technologies Inc., dSPACE GmbH, OPAL-RT TECHNOLOGIES Inc., SimScale, and The AnyLogic Company.

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