Simulation & Analysis Software Market to Surpass $8 Billion by 2022
Growing
automotive industry, increasing focus towards reduction in product design time
and operational cost due to high competition and rising merger &
acquisition within the industry to drive global simulation & analysis software
market through 2022
According to TechSci
Research report, “Global Simulation & Analysis Software
Market By Product Type, By End Use Industry, Competition Forecast &
Opportunities, 2012 – 2022”, the
global simulation & analysis software market is projected to cross $ 8 billion
by 2022
on account of growing automotive market, adoption of advanced technology for reducing
production and operational cost coupled with augmenting government support are
anticipated to fuel demand for simulation
& analysis software across the globe during the forecast period. Moreover, escalating sales of
vehicles coupled with booming production and expanding use of simulation &
analysis software in aerospace & defense sector for designing highly
complex aircraft parts, reducing aircraft weight & composite materials,
fuel coupling piping fatigue analysis, airworthiness analysis of engine
systems, rotor dynamics, nacelle meshing analysis, etc., are further likely to
strengthen the market in the coming years.
Browse 90 market data Tables and 171 Figures
spread through 284 Pages and an in-depth TOC on "Global
Simulation & Analysis Software Market"
https://www.techsciresearch.com/report/global-simulation-analysis-software-market-by-product-type-finite-element-analysis-computational-fluid-dynamics-etc-by-end-use-industry-automotive-aerospace-defense-etc-by-region-competition-forecast-and-opportunities/970.html
In 2016, ‘finite element analysis’ captured a lion’s share in global simulation &
analysis software market owing to growing application of software in various
end use industries including automotive, aerospace & defense, etc., and the
segment is anticipated to
maintain its dominance over the coming years. The
second largest share was held by ‘computational fluid dynamics’ due to its
usefulness in designing and analyzing energy efficient devices like HVAC systems,
thermal power plants, etc., besides allowing engineers and scientists to
perform computer simulations or numerical experiments in a ‘virtual flow
laboratory’. Automotive industry grabbed the largest pie in the global
simulation & analysis market in 2016 on the back of growing R&D activities
and fast evolving smart car concept. Some
of the leading players operating in the market include ANSYS, Inc.,
The MathWorks, Inc., Siemens PLM Software, Dassault Systèmes SE, Altair
Engineering, Inc., etc.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=970
Customers can
also request for 10% free customization on this report.
“Rising number of small & medium enterprises (SMEs), proliferating use
of simulation software to develop IoT supporting devices coupled with growing
research & development by the manufacturing companies in order to enhance the
productivity are expected to propel the global simulation and analysis software
market during 2017 - 2022. Besides that, augmenting competition and surging availability
and high demand for integration with computer-aided design towards designing
innovative products is likely to boost demand for simulation & analysis
software through 2022.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global
Simulation & Analysis Software Market By Product Type, By End Use Industry, Competition Forecast &
Opportunities, 2012 – 2022” has evaluated the future growth potential of global
simulation & analysis software market and provides statistics and information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment evaluation. Besides, the report also identifies and analyzes the emerging trends along
with essential drivers, challenges and opportunities in global simulation &
analysis software market.
About TechSci Research
TechSci Research
is a leading global market research firm publishing premium market research reports. Serving 700 global clients
with more than 600 premium market research studies, TechSci Research is serving
clients across 11 different industrial verticals. TechSci Research specializes
in research based consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime Analysts
and Consultants employing innovative research solutions and tracking global and
country specific high growth markets helps TechSci clients to lead rather than
follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]