Asia Pacific Automotive System Simulation Software Market

The Asia Pacific automotive system simulation software market is expected to reach US$ 871.66 million by 2028 from US$ 359.99 million in 2021. It is expected to grow at a CAGR of 13.5% from 2021 to 2028.

A significant impact of the transportation sector on the environment has created an unprecedented need for the decarburization of automobiles worldwide to limit global warming by 2030, leading to a massive surge in the adoption of low-carbon-emitting technologies in this sector. The consequent shift in consumer perception toward near-zero-emission vehicles has significantly propelled the production and sales of light-duty electric vehicles (EVs) across the region, especially in stable economies, such as the China, and other Asia Pacific countries. The global share of new passenger EVs has risen by 50% annually since 2015.

Furthermore, in 2021, the sales of EVs surged by a whopping 160% in these top three markets. Between 2020 and 2021, China has deployed the world’s largest EV fleet, with 4.5 million electric cars. The demand for EVs is further fueled by huge investments made by automotive giants in the research, development, and production of these vehicles. These processes include testing vehicle performances through system simulation. For instance, General Motors, Volkswagen, Volvo, BMW, Nissan, and Audi have confirmed the plan of collectively investing ~US$ 150 billion in EVs manufacturing; they have launched numerous new models from 2020 to 2021.

Notably, designing an electric car requires an accurate balance between performance and energy efficiency by selecting optimum energy storage technology and minimizing powertrain losses. Such critical tasks make simulation a mandatory tool for developing a physical system for processes, such as integrating powertrain architecture or analysis of the embedded software. For example, Ansys, a leading multidomain simulation software developer, has created a host of simulation platforms for risk-free virtual testing of EVs during the development phase. These solutions include battery management systems (BMS), battery EMI/EMC simulation solutions, and electric motor design software. Since simulation allows automotive designers and engineers to conduct rapid prototyping for testing and configuring vehicle components and eliminates the additional time spent on building physical models for every prototype and version, it reduces the overall development time by ~50%. Therefore, the booming electric vehicle market, coupled with the essentiality of simulation platforms in EV development and production, is bolstering the growth of the automotive system simulation software market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific automotive system simulation software market at a healthy CAGR during the forecast period.

Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Automotive System Simulation Software Market Segmentation  

The Asia Pacific 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 Asia Pacific market is segmented into China, Japan, India, South Korea, Australia, and the Rest of APAC.

Modelon AB, IPG Automotive GmbH, ESI Group, Ansys Inc., Realtime Technologies, Hexagon AB, SimScale GmbH, Gamma Technologies LLC, Siemens AG, and dSPACE GmbH are the leading companies in the Asia Pacific automotive system simulation software market.

Asia Pacific Automotive System Simulation Software Strategic Insights

Strategic insights for the Asia Pacific Automotive System Simulation Software provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Automotive System Simulation Software Report Scope

Asia Pacific Automotive System Simulation Software Regional Insights

The geographic scope of the Asia Pacific Automotive System Simulation Software refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.