Global Autonomous Vehicle Simulation Solution Market to Grow at a (CAGR) of 12.8% during the Forecast Period 2022-2030


Sep-2022 | Automobile

As specified in our exclusive report, the global Autonomous Vehicle Simulation Solution Market is projected to reach USD 2,515 Million by 2030.

Growth Drivers:

Increasing adoption of connected vehicles and the need to adhere to the latest automotive industry standards will positively impact the autonomous vehicle simulation solution market outlook.

Major growth drivers of this market include increasing focus on developing safe and effective autonomous driving technologies, growing demand for autonomous vehicles from various industries, and growing need to reduce time-to-market for products and services.

What is Autonomous Vehicle Simulation?

Autonomous driving usually refers to self-driving vehicles or transportation systems that move without the intervention of a human driver. The importance of driverless cars in the future of smart cities is clear. Researchers estimate that more than 90% of cars in developed countries will be driverless by 2042. These vehicles are automatically moving around the city map.

Let's say you don't have a car in your home parking lot and you order a driverless car from an app to deliver to your desired address. In this case, you don't have to worry about parking at the destination as the car will drop you at the destination and pick up the other passenger.

Which region holds the largest share?

The North American region is predicted to grow at a significant pace during the forecast period. This growth can be attributed to the growing demand for autonomous vehicles from various industries developing safe and effective driving technologies in the region.

Development of the Market:

In June 2021: LeddarTech and Cognata, Ltd. announced that Cognata's simulation authoring software has been integrated with LeddarTech's sensor fusion and perception technology, LeddarVision, to accelerate the testing and validation of self-driving agricultural vehicles.

Some of the key players in the global autonomous vehicle simulation solution market are:

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, and among others

About Us

Market Business Insights is a leading global market research and consulting firm. We focus on business consulting, industry chain research, and consumer research to help customers provide non-linear revenue models. We believe that quality is the soul of the business and that is why we always strive for high-quality products. Over the years, with our efforts and support from customers, we have collected inventive design methods in various high-quality market research and research teams with extensive experience.

Latest Posts

In-Vehicle Infotainment Market Size, Share, Growth & Demand Analysis Report By Component (Telematics Control Unit, Head-Up Display, Infotainment/Display Unit, Control Panel) By Vehicle Type (Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV), Passenger Car) By Operating System (QNX, Microsoft, Android, Others) By Location (Rear Row , Front Row) By Service (E-call, Vehicle Diagnostics, Entertainment Service, Navigation Services) Forecast Period 2022-2030 Automotive Camera Market Size, Share, Growth & Demand Analysis Report By Product Type (Side-mirror Cameras, Forward-view Cameras, Rear-view Enhancement, Interior-view Cameras, Corner-view Cameras) By Application (Blind Spot, 360° Surround View, Drive Recorders, Night Vision, Lane Departure Warning System (LDWS), Drowsiness, Parking Surround View, Distance, Adaptive Front light System (AFS), Others) Forecast Period 2022-2030 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 Driver Safety Systems Market by Products (Eye-Tracking, Facial Expressions, Heart Rate-Monitoring, Steering Angle Sensor (SAS)), by Applications (Aftermarkets, OEMs) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 - 2028 Automotive Brake Components Market by Products (Drum Brake, Disc Brake, Others), by Applications (Passenger Vehicles, Commercial Vehicles) And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 - 2028 More Reports...