According to our latest study on “North America Automotive System Simulation Software Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, Vehicle Type, and Propulsion Type,” the market is projected to reach US$ 739.96 million by 2028 from US$ 320.81million in 2021; it is expected to grow at a CAGR of 12.7% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as upgrading of vehicle functions and increase in number of e/e components and growing production and sales of electric vehicles. However, possibility of invalid research outcomes hamper the market growth.
Based on type, the North America automotive system simulation software market is segmented into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. In 2020, engine segment accounted for the highest share of the market in the forecasted period. However the fuel cell segment registered the highest CAGR during the forecast period. The engine segment dominates the market as there is major demand for the engine system simulation software to develop fuel-efficient engine. Increasing government norms regarding the emission and focus on fuel efficiency enhancement drives the market growth.
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North America Automotive System Simulation Software Market – Company Profiles
Modelon AB
IPG Automotive GmbH
ESI Group
Ansys, Inc.
Realtime Technologies
Hexagon AB
SimScale GmbH
Gamma Technologies, LLC
Siemens AG
dSPACE GmbH
North America Automotive System Simulation Software Market Segmentation
The North America automotive system simulation software market is segmented into type, vehicle type, and propulsion type. Based on type, the market is segmented into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. Based on vehicle type, the market is segmented into commercial vehicles and passenger cars. Based on propulsion type, the market is segmented into ICE and electric. Geographically, the market is segmented into the US, Canada, and Mexico.
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