Published: Sep-2022|  Format: PDF | MBI Research |  Number of pages: 138 | Code: MBI-3928136

Autonomous Vehicle Simulation Solution Market Size, Share, Growth & Demand Analysis Report By Product (Software and Services) By Application (University and Research Center, Tier-1 and Tier-2 Component Manufacturer, Automotive OEMs and Autonomous Driving Technology Development Company) Forecast Report By 2022-2030

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Market Overview:

The Global Autonomous Vehicle Simulation Solution Market size was valued at USD 721.2 million in 2021 and is projected to register a valuation of USD 2,515 million by 2030, at a Compound Annual Growth Rate (CAGR) of 12.8% over the forecast period 2022-2030.

Increasing development, innovation, and continuous improvements in autonomous vehicle technology. Automakers and automobile OEMs are continuously investing in self-driving technologies such as ADAS, safety-critical control software, and smart electronics, and creating a significant demand for automotive simulation tools and solutions is the major factor driving the autonomous vehicle simulation solution market.

An autonomous car is a vehicle that is able to sense its environment and operate without human involvement. The human passenger is never required to exercise control of the vehicle, nor is the human passenger required to be present in the vehicle. An autonomous car can go anywhere a conventional car goes and do everything that an experienced human driver would do. Vehicle automation involves the use of mechatronics, artificial intelligence, and multi-agent systems to assist the driver. These features and the vehicles that employ them can be labeled as intelligent or smart.

Covid-19 Impact Analysis:

The outbreak of COVID-19 and the subsequent extent of lockdown have impacted the autonomous vehicle simulation solution market across the globe. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, transportation, supply chain disruptions, cost increases, and workforce disruptions, which negatively affect the autonomous vehicle simulation solution industry in terms of revenue.

Like many other industries, the autonomous vehicle simulation solution business has been hit hard by the Covid-19 pandemic. The pandemic and subsequent crisis have affected the operations of all major companies and OEMs, from research and development to design and production.

What are the Global Autonomous Vehicle Simulation Solution Market Drivers?

Self-driving technology is seen as an important factor in responding to times of uncertainty and emergency and will be rapidly adopted in the coming years, creating a promising growth outlook for the autonomous vehicle simulation solution market.

Increasing government initiatives toward connected and autonomous infrastructure and the rising interest in cloud-based solutions are driving the market. Apart from this, the need for virtual testing of automatic vehicles, growing demand for road safety during transportation, and reduction in training, and research costs are some of the vital factors that fuels the growth of the market.

Autonomous Vehicle Simulation Solution Market Top Companies Profiles:

  • Altair Engineering, Inc.
  • Ansys, Inc.
  • Applied Intuition, Inc.
  • Autodesk Inc.
  • AVL List GmbH
  • Cognata
  • Dassault Systèmes
  • dSPACE GmbH
  • Foretellix
  • VIRES Simulationstechnologie GmbH
  • LG Electronics
  • Nvidia Corporation
  • rFpro
  • The MathWorks, Inc.
  • SAP SE
  • aiMotive

Global Autonomous Vehicle Simulation Solution Market Segmentation:

The Global autonomous vehicle simulation solution market is segmented as, product, application, and region. By product Software and Services. By application University and Research Center, Tier-1 and Tier-2 Component Manufacturer, Automotive OEMs, and Autonomous Driving Technology Development Company. By region Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

Product Analysis:

The services segment in the global market is expected to grow at a significant rate during the forecast period 2022-2030.

  • Software
  • Services

Application Analysis:

The automotive OEM segment is projected to grow at a significant pace during the forecast period. This growth can be attributed to the growing demand for autonomous vehicles from automotive OEMs around the world.

  • University and Research Center
  • Tier-1 and Tier-2 Component Manufacturer
  • Automotive OEMs and Autonomous Driving Technology Development Company

Regional Analysis by Market Business Insights:

The global autonomous vehicle simulation solution market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

North America dominated the autonomous vehicle simulation solutions market in 2021 and is projected to maintain its dominance during the forecast period of 2022-2030. The autonomous vehicle industry in North America is primarily driven by the growing demand for advanced safety features such as adaptive cruise control, traffic jam assistance, and autopilot. Additionally, the growing number of high-end passenger cars is expected to fuel the growth of the market.

Region Covered:

  • North America (United States, Canada)
  • Latin America (Argentina, Brazil, Mexico, Rest of LATAM)
  • Europe (U.K., Germany, Spain, France, Italy, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Denmark, Sweden, Norway, Finland), Russia, Poland, Rest of Europe)
  • The Middle East and Africa (Israel, GCC (Saudi Arabia, Bahrain, Kuwait, UAE, Qatar, Oman), South Africa, North Africa, Rest of the Middle East and Africa)
  • Asia-Pacific (China, South Korea, India, Japan, Malaysia, Hong Kong, Australia, Indonesia, Taiwan, New Zealand, Rest of Asia-Pacific)



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