According to the latest market research study, the global simulation and analysis software market is expected to grow at a CAGR of close to 12% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global simulation and analysis software market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
|
PRODUCT TYPE |
MARKET SHARE 2016 (%) |
|
FEA |
49.7% |
|
CFD |
32.1% |
|
Emag |
18.2% |
Source: Technavio
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The top three revenue contributing application segments are discussed below
Global FEA market: During 2016, FEA accounted for almost 50% of the global simulation and analysis software market. FEA helps evaluate the functionality of a given product design before its prototype is produced. It finds application in various manufacturing industries for the estimation of structural strength and behavior, modeling, simulation, and design optimization. The upsurge in the demand for FEA from the manufacturing sector is expected to fuel the growth of the global FEA market during the forecast period.
“With the advancement of IoT and the addition of network interface, smart machines can monitor and control various objects using microcontrollers via the Internet. The growth of the global IoT market will augment the demand for IoT supporting devices, leading to the adoption of simulation software,” says Ishmeet Kaur, a lead analyst at Technavio for research on product lifecycle management.
Global CFD market: CFD technology uses computational methods and data on fluid viscosity and fluid flow rates, to simulate flow of liquids and gases. CFD tools are extensively used in the automotive, aerospace and defense, electrical and electronics, and energy industries for thermal, acoustic, and air turbulence applications. These tools help companies create unique product designs, gain a competitive edge in the market, and reduce their product development time and cost.
Global Emag market: Emag is used to understand the simulation of magnetic and electric fields and hence, play a significant role in the product development process of multiple electrical and electronic products. The software is widely used in products with low frequency electromagnetic and electromechanical applications like microelectromechanical systems, induction heating, charged particle tracing, motors and rotors, sensors, actuators, switches, and magnetic valves.
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The top vendors operating in the global simulation and analysis software market are:
- ANSYS
- Dassault Systèmes
- Mentor Graphics
- MSC Software
- PTC
- Siemens PLM Software
Other prominent vendors in the market include Altair, Applied Math Modeling, Ceetron, ESI, Exa, FloSolve, Keysight Technologies, NUMECA, Remcom, Simerics, Symscape, Tech-X, and COMSOL.
A more detailed analysis is available in the Technavio report titled, ‘Global Simulation and Analysis Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Motion Simulation Market 2016-2020
- Global Simulation and Analysis Software Market 2016-2020
- Global Finite Element Analysis Market 2016-2020
- Global Cloud CFD Market 2016-2020
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