Market Overview:
The global simulation software market reached a value of US$ 11.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 24.3 Billion by 2027, exhibiting a CAGR of 13.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Simulation software enables companies to create a real-time environment for observing an operation and testing the applicability and efficiency of numerous products and processes. It also allows examining of the modified or same system with various inputs and tracking responses. It offers various benefits, such as reducing the overall expenditure and minimizing costs incurred on training. As a result, simulation software is widely employed in the aerospace and defense and automotive sector across the world.
The growing popularity of autonomous and electric vehicles (EVs) on account of rising environmental concerns represents one of the key factors driving the market. The manufacturers of these vehicles are relying on simulation software to test their efficiency and effectiveness by using real-world situations. Apart from this, the software helps to develop prototypes and test them virtually and assists in producing error-free output by avoiding the production of faulty products. It also saves time spent on research and development (R&D) activities, which is positively influencing its overall sales. With a rapid increase in the expenses incurred on prototypes and curbing faults of the existing products, there is widespread adoption of simulation software to reduce the need for manually testing multiple prototypes and subsequently minimizing the chances of product failure. Besides this, the leading manufacturers are significantly investing in the development of artificial intelligence (AI)-related technologies. This, in turn, is anticipated to escalate the demand for simulation software across the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global simulation software market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment and end use.
Breakup by Component:
Breakup by Deployment:
Breakup by End Use:
- Automotive
- Aerospace and Defense
- Electrical and Electronics
- Industrial Manufacturing
- Healthcare
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Altair Engineering Inc., Ansys Inc., Autodesk Inc., Bentley Systems Incorporated, Dassault Systèmes, PTC Inc., Rockwell Automation Inc., Siemens AG, Simul8 Corporation, The AnyLogic Company and The MathWorks Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Deployment, End Use, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Altair Engineering Inc., Ansys Inc., Autodesk Inc., Bentley Systems Incorporated, Dassault Systèmes, PTC Inc., Rockwell Automation Inc., Siemens AG, Simul8 Corporation, The AnyLogic Company and The MathWorks Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global simulation software market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global simulation software market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the deployment?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global simulation software market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Simulation Software Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Service
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Deployment
7.1 On-premises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aerospace and Defense
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Electrical and Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Industrial Manufacturing
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Healthcare
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Altair Engineering Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Ansys Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Autodesk Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Bentley Systems Incorporated
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Dassault Systèmes
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 PTC Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Rockwell Automation Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Siemens AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Simul8 Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 The AnyLogic Company
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 The MathWorks Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Simulation Software Market: Major Drivers and Challenges
Figure 2: Global: Simulation Software Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Simulation Software Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Simulation Software Market: Breakup by Component (in %), 2021
Figure 5: Global: Simulation Software Market: Breakup by Deployment (in %), 2021
Figure 6: Global: Simulation Software Market: Breakup by End Use (in %), 2021
Figure 7: Global: Simulation Software Market: Breakup by Region (in %), 2021
Figure 8: Global: Simulation Software (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Simulation Software (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Simulation Software (Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Simulation Software (Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Simulation Software (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Simulation Software (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Simulation Software (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Simulation Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Simulation Software (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Simulation Software (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Simulation Software (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Simulation Software (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Simulation Software (Electrical and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Simulation Software (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Simulation Software (Industrial Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Simulation Software (Industrial Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Simulation Software (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Simulation Software (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Simulation Software (Other End Uses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Simulation Software (Other End Uses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Simulation Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Simulation Software Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Simulation Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Simulation Software Industry: SWOT Analysis
Figure 78: Global: Simulation Software Industry: Value Chain Analysis
Figure 79: Global: Simulation Software Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Simulation Software Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Simulation Software Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Simulation Software Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
Table 4: Global: Simulation Software Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 5: Global: Simulation Software Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Simulation Software Market: Competitive Structure
Table 7: Global: Simulation Software Market: Key Players