The market for simulation software is expected to grow at a CAGR of around 13.3% from 2020 to 2027 and expected to reach the market value of around US$ 30.4 Bn by 2027.
Simulation Software is designed with the process of modeling a real phenomenon based on a set of mathematical formulas. Basically, it’s a program that allows its users to observe an operation without performing it in real, with the help of simulation software. It is widely used in designing equipment for analyzing specifications and features, which can save the extra expenses that will incur in case of further modification or alteration. Some of the major features associated with the simulation software include evaluation, comparison, and optimization of alternative designs, plans, and policies, especially during the designing or development phase. It is also a decision analysis and support tool for explaining and defending decisions to various stakeholders.
Market Dynamics
The increasing use of simulation technology across the varied industry verticals like architecture, engineering, construction, aerospace & defense, automotive, electrical & electronics, healthcare, energy and mining, and education and research is primarily driving the market growth. The benefit of reduction in production expenses and training costs with the use of simulation software is supporting the growth. The ongoing development and usage of advanced technologies for simulation is particularly for avoiding the production of faulty products that can shatter the budget of operations. Furthermore, high spending on simulation in aerospace, healthcare, and defense is projected to create potential opportunities over the forecast period from 2020 to 2027.
On the other hand, complexities in integrating software and increasing data security concerns are likely to hinder the growth over the forecast period from 2020 to 2027.
Segment Instance of Global Simulation Software Market
In 2019, Software segment lead the global simulation software market
The software segment is further bifurcated across finite element analysis (FEA), computational fluid dynamics (CFD), and electromagnetic (EMAG). The increasing usage of simulation software owing to its beneficial usage for engineers and product designers for modeling real-world events at lesser cost with the help of computer-generated environments is boosting the demand and usage in the global market.
North America dominated the simulation software market in 2019
The advance industrial infrastructure of the developed economies like US and Canada is primarily contributing to the dominating share of the region. The presence of major players in the region along with their advance featured offerings is additionally boosting the regional market value. Moreover, the continuous growth in the research and development activities of major end use industry verticals is expected to create growth in the regional market.
Asia Pacific is estimated to growth at a maximum CGAR (%) during the forecast period
The continuously developing economies at a rapid pace are estimated to support the major growth of the region. Ongoing industrialization and globalization in the prominent economies of the region are evolving the technological infrastructure across the industry verticals in order to decrease operational cost and complexities associated the product development and research activities. Additionally, increasing investment and expansion plans of major industry players in the developing economies of the region is further projected to create growth over the forecast period.
Key Market Players
The players profiled in the report include Altair Engineering Inc., Ansys Inc., Autodesk Inc., Bentley Systems Incorporated, CPFD Software LLC, Dassault Systèmes, Design Simulation Technologies, Rockwell Automation Inc., Schneider Electric, Siemens AG, Synopsys Inc., The MathWorks Inc., and COMSOL Group.
Market Segmentation
Market By Component
Software
- Finite Element Analysis (FEA)
- Computational Fluid Dynamics (CFD)
- Electromagnetic (EMAG)
Services
Market By Deployment Mode
On-premise
Cloud
Market By Application
Product Engineering
R&D
Gamification
Market By Industry Vertical
Architecture, Engineering, Construction (AEC)
Aerospace & Defense
Automotive
Electrical & Electronics
Healthcare
Energy and Mining
Education and Research
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Simulation Software
1.1. Definition and Scope
1.1.1. Definition of Simulation Software
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Simulation Software Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Simulation Software Market By Component
1.2.3. Simulation Software Market By Deployment Mode
1.2.4. Simulation Software Market By Application
1.2.5. Simulation Software Market By Industry Vertical
1.2.6. Simulation Software Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Simulation Software Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Simulation Software Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2019
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Simulation Software Market By Component
4.1. Introduction
4.2. Simulation Software Revenue By Component
4.2.1. Simulation Software Revenue (US$ Mn) and Forecast, By Component, 2016-2027
4.2.2. Software
4.2.2.1. Software Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.2.1.1. Finite Element Analysis (FEA)
4.2.2.1.1.1. Finite Element Analysis (FEA) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.2.1.2. Computational Fluid Dynamics (CFD)
4.2.2.1.2.1. Computational Fluid Dynamics (CFD) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.2.1.3. Electromagnetic (EMAG)
4.2.2.1.3.1. Electromagnetic (EMAG) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Services
4.2.3.1. Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Simulation Software Market By Deployment Mode
5.1. Introduction
5.2. Simulation Software Revenue By Deployment Mode
5.2.1. Simulation Software Revenue (US$ Mn) and Forecast, By Deployment Mode, 2016-2027
5.2.2. On-premise
5.2.2.1. On-premise Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Cloud
5.2.3.1. Cloud Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Simulation Software Market Revenue By Application
6.1. Introduction
6.2. Simulation Software Revenue (US$ Mn) By Application
6.2.1. Simulation Software Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.2.2. Product Engineering
6.2.2.1. Product Engineering Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. R&D
6.2.3.1. R&D Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Gamification
6.2.4.1. Gamification Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Simulation Software Market By Industry Vertical
7.1. Introduction
7.2. Simulation Software Revenue (US$ Mn) By Industry Vertical
7.2.1. Simulation Software Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
7.2.2. Architecture, Engineering, Construction (AEC)
7.2.2.1. Architecture, Engineering, Construction (AEC) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Aerospace & Defense
7.2.3.1. Aerospace & Defense Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. Automotive
7.2.4.1. Automotive Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Electrical & Electronics
7.2.5.1. Electrical & Electronics Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.6. Healthcare
7.2.6.1. Healthcare Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.7. Energy and Mining
7.2.7.1. Energy and Mining Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.8. Education and Research
7.2.8.1. Education and Research Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.9. Others
7.2.9.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Simulation Software Market By Country
8.1. North America Simulation Software Overview
8.2. U.S.
8.2.1. U.S. Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.2.2. U.S. Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016-2027
8.2.3. U.S. Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.2.4. U.S. Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016-2027
8.3. Canada
8.3.1. Canada Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.3.2. Canada Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016-2027
8.3.3. Canada Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3.4. Canada Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Simulation Software Market By Country
9.1. Europe Simulation Software Market Overview
9.2. U.K.
9.2.1. U.K. Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.2.2. U.K. Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016-2027
9.2.3. U.K. Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.2.4. U.K. Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016-2027
9.3. Germany
9.3.1. Germany Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.3.2. Germany Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016-2027
9.3.3. Germany Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3.4. Germany Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016-2027
9.4. France
9.4.1. France Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.4.2. France Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016-2027
9.4.3. France Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4.4. France Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016-2027
9.5. Spain
9.5.1. Spain Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.5.2. Spain Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016-2027
9.5.3. Spain Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5.4. Spain Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.6.2. Rest of Europe Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016-2027
9.6.3. Rest of Europe Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6.4. Rest of Europe Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Simulation Software Market By Country
10.1. Asia Pacific Simulation Software Market Overview
10.2. China
10.2.1. China Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
10.2.2. China Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
10.2.3. China Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.2.4. China Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
10.3. Japan
10.3.1. Japan Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
10.3.2. Japan Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
10.3.3. Japan Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3.4. Japan Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
10.4. India
10.4.1. India Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
10.4.2. India Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
10.4.3. India Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4.4. India Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
10.5. Australia
10.5.1. Australia Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
10.5.2. Australia Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
10.5.3. Australia Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5.4. Australia Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
10.6.2. South Korea Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
10.6.3. South Korea Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6.4. South Korea Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
10.7.2. Rest of Asia-Pacific Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
10.7.3. Rest of Asia-Pacific Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7.4. Rest of Asia-Pacific Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Simulation Software Market By Country
11.1. Latin America Simulation Software Market Overview
11.2. Brazil
11.2.1. Brazil Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
11.2.2. Brazil Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
11.2.3. Brazil Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.2.4. Brazil Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
11.3.2. Mexico Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
11.3.3. Mexico Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3.4. Mexico Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
11.4.2. Rest of Latin America Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
11.4.3. Rest of Latin America Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4.4. Rest of Latin America Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 – 2027
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Simulation Software Market By Country
12.1. Middle East & Africa Simulation Software Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
12.2.2. Saudi Arabia Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
12.2.3. Saudi Arabia Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.2.4. Saudi Arabia Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
12.3. UAE
12.3.1. UAE Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
12.3.2. UAE Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
12.3.3. UAE Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3.4. UAE Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Simulation Software Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
12.4.2. Rest of Middle East & Africa Simulation Software Market Revenue (US$ Mn) and Forecast By Deployment Mode, 2016 - 2027
12.4.3. Rest of Middle East & Africa Simulation Software Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4.4. Rest of Middle East & Africa Simulation Software Market Revenue (US$ Mn) and Forecast By Industry Vertical, 2016 – 2027
12.5. Middle East and Africa PEST Analysis
CHAPTER 13. Player Analysis Of Simulation Software
13.1. Simulation Software Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Simulation Software Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Altair Engineering Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Altair Engineering Inc. 2019 Simulation Software Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Ansys Inc.
14.3. Autodesk Inc.
14.4. Bentley Systems Incorporated
14.5. CPFD Software LLC
14.6. Dassault Systèmes
14.7. Design Simulation Technologies
14.8. Rockwell Automation Inc.
14.9. Schneider Electric
14.10. Siemens AG
14.11. Synopsys Inc.
14.12. The MathWorks Inc.
14.13. COMSOL Group
14.14. Others
