Dublin, March 30, 2022 (GLOBE NEWSWIRE) -- The "Autonomous Vehicle Simulation Solutions Market - A Global Market and Regional Analysis: Focus on Product and Application, Supply Chain, and Country-Level Analysis - Analysis and Forecast, 2020-2031" report has been added to ResearchAndMarkets.com's offering.
The global autonomous vehicle simulation solutions market is expected to reach $2,971.4 million by 2031, with a CAGR of 13.4% during the forecast period 2022-2031.
According to studies, the autonomous vehicle simulation solutions industry is driven by several factors such as growing emphasis on road safety, favorable government policies to develop infrastructure for autonomous vehicles, and increasing road congestion.
North America dominated the autonomous vehicle simulation solutions market in 2021 and is anticipated to uphold its dominance throughout the forecast period 2022-2031. The autonomous vehicle industry in North America is majorly driven by the growing demand for advanced safety features such as adaptive cruise control, traffic jam assist, and autopilot. Additionally, the increasing number of high-end passenger cars is expected to boost the market growth, as North America is home to numerous leading high-end passenger car manufacturers providing vehicles that are equipped with level 1 and level 2 of autonomy.
Key Market Players and Competition Synopsis
Some key players operating in the market are Altair Engineering, Inc., Ansys, Inc., Applied Intuition, Inc., Autodesk Inc., AVL List GmbH, Cognata, Dassault Systemes, dSPACE GmbH, Foretellix, VIRES Simulationstechnologie GmbH, LG Electronics, Nvidia Corporation, rFpro, The MathWorks, Inc., SAP SE, and aiMotive.
The companies profiled in the report have been selected post undergoing in-depth interviews with experts and understanding details around companies such as product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the autonomous vehicle simulation solutions market.
Market Segmentation
- Product - Software and Services
- Deployment - On-Premises and Cloud
- Application Type - Automotive OEMs and Autonomous Driving Technology Development Companies, Tier-1 and Tier-2 Component Manufacturers, University and Research Center, Technology Companies, and Regulatory Bodies
- Level of Autonomy - Level 2, Level 3, Level 4 and 5
Regional Segmentation
- China
- North America - U.S., Canada, and Mexico
- South America
- Europe - Germany, France, Spain, and Rest-of-Europe
- U.K.
- Middle East and Africa
- Asia-Pacific and Japan - Japan, South Korea, and Rest-of-Asia-Pacific and Japan
Market Growth Drivers
- Need for Virtual Testing of Autonomous Vehicles
- Increasing Government Initiatives Toward Connected and Autonomous Infrastructure
- Increasing Demand for Reliable Transportation System for Road Safety
- Reduction in Research, Development, Production, and Training Costs
- Growing Interest Toward Cloud-Based Solutions
Market Challenges
- Safety and Reliability Issues with Autonomous Vehicles
- Rise in Cyber Threat Due to Increase in Data
- Complexity in Integration of New Software Solution With the Existing System
Market Opportunities
- Paradigm Shift from Private Car Ownership to Shared Mobility
- Increasing Focus on Vehicle Platooning
- Use of Simulation in Fourth Industrial Revolution
How This Report Can Add Value
This extensive report can help with:
- A dedicated section focusing on the futuristic trends adopted by the key players operating in the global autonomous vehicle simulation solutions market
- Extensive competitive benchmarking of top 15 players offering a holistic view of the global autonomous vehicle simulation solutions market landscape
- Qualitative and quantitative analysis of autonomous vehicle simulation solutions market at the region and country-level and granularity based on application and product segments
Recent Developments in Autonomous Vehicle Simulation Solutions Market
- In January 2021, Ansys, Inc released HFSS Mesh Fusion. HFSS Mesh Fusion accelerates the development of cutting-edge products by allowing for quick and completely linked modeling of complicated EM systems without compromising design or accuracy.
- In June 2021, LeddarTech and Cognata, Ltd. announced that Cognata's simulation authoring software had been integrated with LeddarTech's sensor fusion and perception technology, LeddarVision, to speed up testing and validation of self-driving agriculture vehicles.
Key Questions Answered in the Report
- What are the underlying structures resulting in the emerging trends within the autonomous vehicle simulation solutions market?
- How is the autonomous vehicle simulation solutions market impacted by the introduction of autonomous and connected vehicles?
- How are emerging technologies such as artificial intelligence (AI), 5G communication, and the Internet of Things (IoT) driving the growth of the autonomous vehicle simulation solutions market?
- Which are the major patents filled in the autonomous vehicle simulation solutions space?
- What is the role of governments in various regions regarding the environmental issues and regulatory measures that contribute toward changing the landscape of the Autonomous Vehicle Simulation Solutions market?
- What are the key developmental strategies implemented by the prominent players to sustain the competitive market?
- What has been the impact of COVID-19 on the Autonomous Vehicle Simulation Solutions market?
Key Topics Covered:
1 Markets
1.1 Industry Outlook
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Need for Virtual Testing of Autonomous Vehicles
1.2.1.2 Increasing Government Initiatives Toward Connected and Autonomous Infrastructure
1.2.1.3 Increasing Demand for Reliable Transportation System for Road Safety
1.2.1.4 Reduction in Research, Development, Production, and Training Costs
1.2.1.5 Growing Interest Toward Cloud-Based Solutions
1.2.2 Business Challenges
1.2.2.1 Safety and Reliability Issues with Autonomous Vehicles
1.2.2.2 Rise in Cyber Threat Due to Increase in Data
1.2.2.3 Complexity in Integration of New Software Solution With the Existing System
1.2.3 Business Strategies
1.2.3.1 Product Developments
1.2.3.2 Market Developments
1.2.4 Corporate Strategies
1.2.4.1 Partnerships and Joint Ventures
1.2.5 Business Opportunities
1.2.5.1 Paradigm Shift from Private Car Ownership to Shared Mobility
1.2.5.2 Increasing Focus on Vehicle Platooning
1.2.5.3 Use of Simulation in Fourth Industrial Revolution
1.3 Impact of COVID-19 on the Market
1.3.1 Contribution of Countries Toward Global Manufacturing Output
1.3.2 Global Scenario of COVID-19 Impact
1.3.2.1 COVID-19 Infected Countries
1.3.3 Impact of COVID-19 Outbreak on Supply and Demand Side
1.3.4 Impact of COVID-19 on Autonomous Vehicle Simulation Software Industry
1.3.5 Assessment of COVID-19 Impact on GDP and Economic Forecast
1.3.6 Assessment of COVID-19 Impact on Various Sectors
2 Application
2.1 Application and Specification
2.1.1 Autonomous Vehicle Simulation Solutions (by Application Type)
2.1.1.1 Automotive OEMs and Autonomous Driving Technology Development Companies
2.1.1.2 Tier-1 and Tier-2 Component Manufacturers
2.1.1.3 University and Research Center, Technology Companies, and Regulatory Bodies
2.1.1.3.1 Universities and Research Centers
2.1.1.3.2 Others (Regulatory Bodies, Consortium & Associations, Intelligent Transportation System Providers, and Engineering Companies and Technology Companies)
2.1.2 Autonomous Vehicle Simulation Solutions (by End User)
2.1.2.1 Design Engineers
2.1.2.2 Electrical Engineers
2.1.2.3 Manufacturing Engineers
2.1.3 Autonomous Vehicle Simulation Solutions (by Level of Autonomy)
2.1.3.1 Level 2
2.1.3.2 Level 3
2.1.3.3 Level 4 and 5
2.2 Autonomous Vehicle Simulation Solutions Market - Global Demand Analysis (by Application)
2.2.1 Global Demand Analysis of Autonomous Vehicle Simulation Solutions (by Application)
2.2.1.1 Automotive OEMs and Autonomous Driving Technology Development Companies
2.2.1.1.1 Demand Analysis of Autonomous Vehicle Simulation Solutions for Automotive OEMs and Autonomous Driving Technology Development Companies (by Region)
2.2.1.2 Tier-1 and Tier-2 Component Manufacturers
2.2.1.2.1 Demand Analysis of Autonomous Vehicle Simulation Solutions Market for Tier-1 and Tier-2 Component Manufacturers (by Region)
2.2.1.3 University and Research Center, Technology Companies, and Regulatory Bodies
2.2.1.3.1 Demand Analysis of Autonomous Vehicle Simulation Solutions Market for University and Research Center (by Region)
2.2.2 Global Demand Analysis of Autonomous Vehicle Simulation Solutions (by Level of Autonomy)
2.2.2.1 Level 2
2.2.2.1.1 Demand Analysis of Autonomous Vehicle Simulation Solutions for Level 2 Vehicle (by Region)
2.2.2.2 Level 3
2.2.2.2.1 Demand Analysis of Autonomous Vehicle Simulation Solutions for Level 3 Vehicle (by Region)
2.2.2.3 Level 4 and 5
2.2.2.3.1 Demand Analysis of Autonomous Vehicle Simulation Solutions for Level 4 and 5 Vehicle (by Region)
3 Products
3.1 Product and Specification
3.1.1 Autonomous Vehicle Simulation Solutions (by Product)
3.1.1.1 Software
3.1.1.2 Services
3.1.2 Autonomous Vehicle Simulation Solutions (by Deployment)
3.1.2.1 On-Premises
3.1.2.2 Cloud
3.2 Autonomous Vehicle Simulation Solutions Market - Global Demand Analysis (by Product)
3.2.1 Global Demand Analysis of Autonomous Vehicle Simulation Solutions (by Product)
3.2.1.1 Autonomous Vehicle Simulation Solutions (Software)
3.2.1.1.1 Demand Analysis of Autonomous Vehicle Simulation Software Market (by Region)
3.2.1.2 Autonomous Vehicle Simulation Solutions (Services)
3.2.1.2.1 Demand Analysis of Autonomous Vehicle Simulation Services Market (by Region)
3.2.2 Global Demand Analysis of Autonomous Vehicle Simulation Solutions (by Deployment)
3.2.2.1 Autonomous Vehicle Simulation Solutions (On-Premises)
3.2.2.1.1 Demand Analysis of On-Premises Autonomous Vehicle Simulation Solutions Market (by Region)
3.2.2.2 Autonomous Vehicle Simulation Solutions (Cloud)
3.2.2.2.1 Demand Analysis of Cloud-Based Autonomous Vehicle Simulation Solutions Market (by Region)
3.3 Patent Analysis
4 Region
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Competitive Benchmarking
5.2 Market Share
5.3 Company Profiles
5.3.1 Altair Engineering, Inc.
5.3.1.1 Company Overview
5.3.1.2 Product Portfolio
5.3.1.3 R&D Analysis
5.3.1.4 Corporate Strategies
5.3.1.4.1 Partnerships and Collaborations
5.3.1.5 Competitive Position
5.3.1.5.1 Strengths of the Company
5.3.1.5.2 Weakness of the Company
5.3.2 Ansys, Inc.
5.3.3 Applied Intuition, Inc.
5.3.4 Autodesk Inc.
5.3.5 AVL List GmbH
5.3.6 Cognata
5.3.7 Dassault Systemes
5.3.8 dSPACE GmbH
5.3.9 Foretellix
5.3.10 VIRES Simulationstechnologie GmbH
5.3.11 LG Electronics
5.3.12 Nvidia Corporation
5.3.13 rFpro
5.3.14 The MathWorks, Inc.
5.3.15 SAP SE
5.3.16 aiMotive
5.3.17 Other Key Players
6 Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/rqai2m
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