Asia Pacific Automotive System Simulation Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Transmission, Engine, Electric Propulsion, Fuel Cell, Driveline, Chassis, and Others), Vehicle Type (Commercial Vehicle, and Passenger Car), and Propulsion Type (ICE and Electric)
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)
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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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Automotive System Simulation Software Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Automotive System Simulation Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Upgrading of Vehicle Functions and Increase in Number of E/E Components
5.1.2 Growing Production and Sales of Electric Vehicles
5.2 Market Restraints
5.2.1 Possibility of Invalid Research Outcomes
5.3 Market Opportunities
5.3.1 Booming Automotive Sector in Asia Pacific
5.4 Future Trends
5.4.1 Popularity of Autonomous Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Automotive System Simulation Software – Country Market Analysis
6.1 Asia Pacific Automotive System Simulation Software Market Overview
6.2 Asia Pacific Automotive System Simulation Software Market Revenue Forecast and Analysis
7. Asia Pacific Automotive System Simulation Software Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Automotive System Simulation Software Market, By Type (2020 And 2028)
7.3 Transmission
7.3.1 Overview
7.3.2 Transmission: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
7.4 Engine
7.4.1 Overview
7.4.2 Engine: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
7.5 Electric propulsion
7.5.1 Overview
7.5.2 Electric propulsion: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
7.6 Fuel cell
7.6.1 Overview
7.6.2 Fuel cell: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
7.7 Driveline
7.7.1 Overview
7.7.2 Driveline: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
7.8 Chassis
7.8.1 Overview
7.8.2 Chassis: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
8. Asia Pacific Automotive System Simulation Software Market Analysis – By Vehicle Type
8.1 Overview
8.2 Asia Pacific Automotive System Simulation Software Market, By Vehicle Type (2020 and 2028)
8.3 Passenger cars
8.3.1 Overview
8.3.2 Passenger cars: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
8.4 Commercial vehicles
8.4.1 Overview
8.4.2 Commercial vehicles: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
9. Asia Pacific Automotive System Simulation Software Market Analysis – By Propulsion Type
9.1 Overview
9.2 Asia Pacific Automotive System Simulation Software Market, By Propulsion Type (2020 And 2028)
9.3 ICE
9.3.1 Overview
9.3.2 ICE: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
9.4 Electric
9.4.1 Overview
9.4.2 Electric: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast To 2028 (US$ Million)
10. Asia Pacific Automotive System Simulation Software Market – Country Analysis
10.1 Overview
10.2 APAC: Asia Pacific Automotive System Simulation Software Market
10.2.1 APAC: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.1 Australia: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.1.1 Australia: Asia Pacific Automotive System Simulation Software Market, by Type
10.2.1.1.2 Australia: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type
10.2.1.1.3 Australia: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type
10.2.1.2 China: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.2.1 China: Asia Pacific Automotive System Simulation Software Market, by Type
10.2.1.2.2 China: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type
10.2.1.2.3 China: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type
10.2.1.3 India: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.3.1 India: Asia Pacific Automotive System Simulation Software Market, by Type
10.2.1.3.2 India: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type
10.2.1.3.3 India: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type
10.2.1.4 Japan: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.4.1 Japan: Asia Pacific Automotive System Simulation Software Market, by Type
10.2.1.4.2 Japan: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type
10.2.1.4.3 Japan: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type
10.2.1.5 South Korea: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.5.1 South Korea: Asia Pacific Automotive System Simulation Software Market, by Type
10.2.1.5.2 South Korea: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type
10.2.1.5.3 South Korea: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type
10.2.1.6 Rest of APAC: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
10.2.1.6.1 Rest of APAC: Asia Pacific Automotive System Simulation Software Market, by Type
10.2.1.6.2 Rest of APAC: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type
10.2.1.6.3 Rest of APAC: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type
11. Asia Pacific Automotive System Simulation Software Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
12. COMPANY PROFILES
12.1 Modelon AB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 IPG Automotive GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ESI Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Ansys, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Hexagon AB
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SimScale GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Gamma Technologies, LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Siemens AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC: Asia Pacific Automotive System Simulation Software Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. APAC: AUTOMOTIVE SYSTEM SIMULATION SOFTWARE MARKET, BY PROPULSION TYPE – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Asia Pacific Automotive System Simulation Software Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. Australia: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type–Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Asia Pacific Automotive System Simulation Software Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type–Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Asia Pacific Automotive System Simulation Software Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type–Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Asia Pacific Automotive System Simulation Software Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 15. Japan: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type–Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Asia Pacific Automotive System Simulation Software Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. South Korea: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type–Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Asia Pacific Automotive System Simulation Software Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: Asia Pacific Automotive System Simulation Software Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of APAC: Asia Pacific Automotive System Simulation Software Market, By Propulsion Type–Revenue and Forecast to 2028 (US$ Million)
Table 22. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Automotive System Simulation Software Market Segmentation
Figure 2. Asia Pacific Automotive System Simulation Software Market Overview
Figure 3. Asia Pacific Automotive System Simulation Software Market, By Type
Figure 4. Asia Pacific Automotive System Simulation Software Market, By Country
Figure 5. APAC: PEST Analysis
Figure 6. Asia Pacific Automotive System Simulation Software Market- Ecosystem Analysis
Figure 7. Asia Pacific Automotive System Simulation Software Market Impact Analysis of Drivers and Restraints
Figure 8. Country Overview of Asia Pacific Automotive System Simulation Software Market
Figure 9. Asia Pacific Automotive System Simulation Software Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Asia Pacific Automotive System Simulation Software Market, By Type (2020 And 2028)
Figure 11. Transmission: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Engine: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Electric propulsion: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Fuel cell: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Driveline: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Chassis: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Asia Pacific Automotive System Simulation Software Market, By Vehicle Type (2020 and 2028)
Figure 19. Passenger cars: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial vehicles: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Asia Pacific Automotive System Simulation Software Market, By Propulsion Type (2020 and 2028)
Figure 22. ICE Engine: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Electric: Asia Pacific Automotive System Simulation Software Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific Automotive System Simulation Software Market Revenue Share, by region (2020 and 2028)
Figure 25. APAC: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Australia: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. China: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Rest of APAC: Asia Pacific Automotive System Simulation Software Market – Revenue and Forecast to 2028 (US$ Million)
- Modelon AB
- IPG Automotive GmbH
- ESI Group
- Ansys, Inc.
- Hexagon AB
- SimScale GmbH
- Siemens AG
- dSPACE GmbH
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Automotive System Simulation Software Market.
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the market, as well as those hindering it.
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