Global Automotive Simulation Market Size, Trends, and Growth Opportunity, By Component (Software, Services), By Deployment (On-premise, Cloud), By Application (Vehicle Engineering, Safety Engineering), By End Use (OEMs, Component Manufacturers, Regulatory Bodies), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Automotive Simulation Market
The Global Automotive Simulation Market was valued at USD 2.53 bn in 2021 which is expected to reach USD 5.10 bn by 2027, at a CAGR of 10.13% from 2022-2027.
Automotive simulations are virtual environments that resemble & simulate a real vehicle. These automotive simulations help new and seasoned drivers to experience an automobile’s environment under different situations. Automotive Simulation mimics many scenarios of a vehicle to let the driver test for safety. It also helps individuals by teaching driving skills that can reduce fuel costs.
Market Drivers
The global automotive simulation market is driven by the changing customer preferences for electric vehicles (EVs) and premium automobiles. Such advanced vehicles are in demand because of their optimum power & speed, as well as various other advantages like stable driving performance, overall increased vehicular efficiency, and a decrease in carbon footprint.
The market growth is also influenced by the steady introduction of strict safety regulations globally. The introduction of such rules is making the market lucrative. Automotive simulation software can help OEMs find problems before customers use them, and regulatory bodies' growing emphasis on rising passenger safety is expected to boost the market dynamics.
Market Restraints
The global automotive simulation market will face challenges regarding cybersecurity. The expansion of the automotive simulation market is projected to be hampered by growing cybersecurity vulnerabilities in connected automobiles. Hackers can access flaws in automotive simulation software using cellular & wi-fi networks. This risk is partly responsible for making automotive simulation undesirable to customers.
Market Segmentation
The global automotive simulation market is segmented into components of software and services, into deployment modes of on-premises and cloud, and by application types of vehicle engineering and safety engineering.
Further, the market is segmented by the end use of OEMs, component manufacturers, and regulatory bodies.
Regional Analysis
The Asia Pacific region is projected to witness the highest CAGR growth in its automotive simulation market throughout the forecast period of 2027. This growth will be led by APAC countries of China & India which are emerging automobile hubs, along with Japan & South Korea which have already established their prowess in the market.
The rapid infrastructural, technological, and manufacturing advancements demonstrated by the emerging economies in the Asia Pacific are set to make them a hub for advanced automobile production. Also, the various government authorities of the APAC region plan to impose strict environmental rules on OEMs, forcing manufacturers to alter their designs to comply with the new criteria. All these elements are expected to support the market's expansion in the area.
Key Players
Altair, Siemens, Ansys, PTC, Dassault Systèmes, Autodesk, Synopsis, MathWorks, ESI, SIMUL8 Corp, and dSPACE GmbH.
Market Taxonomy
By Component
•            Software
•            Services
By Deployment
•            On-premises
•            Cloud
By Application
•            Vehicle Engineering
•            Safety Engineering
By End Use
•            OEMs
•            Component Manufacturers
•            Regulatory Bodies
By Region
•            North America
•            Latin America
•            Europe
•            Asia Pacific
•            Middle East & Africa

Global Automotive Simulation Market 
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Automotive Simulation Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Autonomous Last Mile Delivery Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Automotive Simulation Market Share Analysis, By Component
5.3 Global Automotive Simulation Market Size and Forecast, By Component
5.3.1 Software
5.3.2 Services
6 Global Autonomous Last Mile Delivery Market, By Deployment
6.1 Y-o-Y Growth Comparison, By Deployment
6.2 Global Automotive Simulation Market Share Analysis, By Deployment
6.3 Global Automotive Simulation Market Size and Forecast, By Deployment
6.3.1 On-premises
6.3.2 Cloud
7 Global Autonomous Last Mile Delivery Market, By Application
7.1 Y-o-Y Growth Comparison, By Application
7.2 Global Automotive Simulation Market Share Analysis, By Application
7.3 Global Automotive Simulation Market Size and Forecast, By Application
7.3.1 Vehicle Engineering
7.3.2 Safety Engineering
8 Global Autonomous Last Mile Delivery Market, By End Use
8.1 Y-o-Y Growth Comparison, By End Use
8.2 Global Automotive Simulation Market Share Analysis, By End Use
8.3 Global Automotive Simulation Market Size and Forecast, By End Use
8.3.1 OEMs
8.3.2 Component Manufacturers
8.3.3 Regulatory Bodies
9 Global Autonomous Last Mile Delivery Market, By Region
9.1 Global Automotive Simulation Market Share Analysis, By Region
9.2 Global Automotive Simulation Market Size and Forecast, By Region
10 North America Automotive Simulation Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Automotive Simulation Market Share Analysis, By Component
10.3 North America Automotive Simulation Market Size and Forecast, By Deployment
10.4 North America Automotive Simulation Market Size and Forecast, By Application
10.5 North America Automotive Simulation Market Size and Forecast, By End Use
10.6 North America Automotive Simulation Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Automotive Simulation Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Automotive Simulation Market Share Analysis, By Component
11.3 Europe Automotive Simulation Market Size and Forecast, By Deployment
11.4 Europe Automotive Simulation Market Size and Forecast, By Application
11.5 Europe Automotive Simulation Market Size and Forecast, By End Use
11.6 Europe Automotive Simulation Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Automotive Simulation Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Automotive Simulation Market Share Analysis, By Component
12.3 Asia Pacific Automotive Simulation Market Size and Forecast, By Deployment
12.4 Asia Pacific Automotive Simulation Market Size and Forecast, By Application
12.5 Asia Pacific Automotive Simulation Market Size and Forecast, By End Use
12.6 Asia Pacific Automotive Simulation Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia
13 Latin America Automotive Simulation Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Automotive Simulation Market Share Analysis, By Component
13.3 Latin America Automotive Simulation Market Size and Forecast, By Deployment
13.4 Latin America Automotive Simulation Market Size and Forecast, By Application
13.5 Latin America Automotive Simulation Market Size and Forecast, By End Use
13.6 Latin America Automotive Simulation Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Automotive Simulation Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Automotive Simulation Market Share Analysis, By Component
14.3 Middle East Automotive Simulation Market Size and Forecast, By Deployment
14.4 Middle East Automotive Simulation Market Size and Forecast, By Application
14.5 Middle East Automotive Simulation Market Size and Forecast, By End Use
14.6 Middle East Automotive Simulation Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Altair
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Siemens
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Ansys
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 PTC
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Dassault Systèmes
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Autodesk
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Synopsis
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 MathWorks
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 ESI
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 SIMUL8 Corp
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
16.11 Dspace GmbH
16.11.1 Overview
16.11.2 Offerings
16.11.3 Key Financials
16.11.4 Business Segment & Geographic Overview
16.11.5 Key Market Developments
16.11.6 Key Strategies