Press Release

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: sales@techsciresearch.com

Relevant Reports

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, 2012 – 2022

ICT | Apr, 2017

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 are expected to drive global simulation & analysis software market through 2022

Relevant News