Global Autonomous Vehicle Simulation Solution Market (2020 to 2025) - Featuring Altair Engineering, Ansys & Applied Intuition Among Others - ResearchAndMarkets.com

·4-min read

The "Autonomous Vehicle Simulation Solution Market - A Global Market and Regional Analysis: Focus on Autonomous Vehicle Simulation Solution Product and Application, Supply Chain Analysis, and Country-Level Deep Dive - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.

The global automotive industry is undergoing a period of wide-ranging and transformative changes with a shift in consumer behavior as well as an increase in the implementation of stringent environmental regulations. Factors such as rising safety and security concerns, increasing demand for a reliable transportation system, and the advent of innovative trends, such as the transition from car ownership to mobility-as-a-service (MaaS), are expected to increase the demand for autonomous vehicles.

This demand for autonomous vehicles is also anticipated to create significant challenges for automotive stakeholders and consumers in terms of cybersecurity risks, data theft, and the involvement of unscrupulous agents within the automotive value chain. Moreover, the introduction and subsequent growth in sales of electric and hybrid vehicles, the development of advanced driver assistance systems and self-driving technologies, increasing demand for connected vehicles, and disruptive trends, such as ride-hailing, car-sharing, and in-car payments are expected to change the way people use mobility services.

The usage of autonomous vehicles reduces the traffic density due to fleet formation by interconnected vehicles utilizing the road network to the fullest. Also, robotic systems enable these vehicles to park themselves, reducing the congestion further. In addition to this, using autonomous vehicles can reduce the risk of fatal accidents, and therefore, increases road safety. Substandard conditions of the roads across the globe and technical and safety concerns of using the automated vehicles are some of the challenges faced by both the OEMs and system manufacturers. At the same time, the high growth potential of these vehicles in commercial applications, such as product deliveries, taxi services, and mining activities, are some of the factors expected to drive the market in the upcoming years.

The competitive landscape of the autonomous vehicle simulation solution market consists of different strategies undertaken by major players across the industry to gain market presence. Some of the strategies adopted by autonomous vehicle simulation solution providers are new product launches, business expansions, and partnerships and collaborations. Among all the strategies adopted, product launches have been the most prominent strategy adopted by the simulation provider providers.

Most autonomous vehicle simulation solution providers have numerous tie-ups with various automotive OEMs and other technology providers. The industry landscape is quite competitive because of the market dominance of the few players in the market. Therefore, innovation and development have been the key factors for large scale growth in this market. Autonomous vehicle simulation solution providers are expanding their businesses and are also entering into strategic partnerships to increase their customer base and their overall global footprint.

Key Questions Answered in this Report:

  • What are the underlying structures resulting in the emerging trends within the autonomous vehicle simulation solution market?

  • How is the autonomous vehicle simulation solution 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 solution market?

  • How is the role of governments regarding environmental issues and safety changing the landscape of the autonomous vehicle simulation solution market industry?

  • What were the market values of the leading segments and sub-segments of the autonomous vehicle simulation solution market in 2019, and how is the market estimated to grow during the forecast period 2020-2025?

  • How is the industry expected to evolve during the forecast period 2020-2025?

  • What are the key developmental strategies implemented by prominent players to sustain the competitive market?

  • What has been the impact of COVID-19 on the autonomous vehicle simulation solution market?

Market Dynamics

Drivers

  • Need for Virtual Testing of Autonomous Vehicle

  • Increasing Government Initiatives Toward Connected and Autonomous Infrastructure

  • Increasing Push from Government as Well as Consumers to Ensure Road Safety, Which Boost the Demand for Reliable Transportation System

  • Increasing Demand to Develop Level 4 and Level 5 Autonomous Commercial Vehicles

Challenges

  • Safety and Reliability Issues with Autonomous Vehicles

  • Rise in Cyber Threat due to Increase of Data

Opportunities

  • Paradigm Shift from Private Car Ownership to Shared Mobility

  • Increasing Focus on Vehicle Platooning

Companies Mentioned

  • Altair Engineering, Inc.

  • Ansys Inc.

  • Applied Intuition, Inc.

  • Autodesk Inc.

  • AVL List GmbH

  • Cognata

  • Dassault Systemes

  • DSPACE GmbH

  • Foretellix

  • LG Electronics

  • NVIDIA Corporation

  • rFpro

  • The MathWorks, Inc.

  • VIRES Simulationstechnologie GmbH

For more information about this report visit https://www.researchandmarkets.com/r/cfctj6

View source version on businesswire.com: https://www.businesswire.com/news/home/20201029005706/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900