SIMULATION SOFTWARE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

Close-monitor your Competitor's Move, Request sample copy

Rise of Virtual Prototyping to Replace Physical Prototyping

With advances in simulation software and computing power, companies across various manufacturing domains have started adopting virtual prototyping techniques more than relying on physical prototypes. Traditional product development methods involved building many physical prototypes incrementally to debug design issues, which was a costly and time-consuming process. In comparison, virtual prototyping using simulation software allows evaluating full systems virtually by building and interacting with digital prototypes of products on screens. This eliminates the needs for building, testing and reworking physical prototypes repeatedly until the design is optimized.

Now organizations can create high-fidelity virtual prototypes that mimic the look, functions and behaviors of actual products. Such digital prototypes built with simulation tools enable testing entire assemblies, full-scale models and systems virtually without spending on manufacturing materials and labor costs. Virtual prototyping also makes it easier to run experiments by changing parameters quickly in software and observing corresponding outputs. Many original equipment manufacturers have significantly reduced physical prototyping stages by shifting to computer-based modeling and multiphysics simulations early on. With virtual techniques maturing, more companies across sectors will likely replace physical prototyping efforts with simulation-driven virtual prototyping processes to optimize costs and speed up product development

• MathWorks 
• Autodesk 
• Ansys
• Siemens AG
• PTC
• Dassault Systemes
• Altair Engineering
• MSC Software 
• Honeywell
• Keysight Technologies 
• Aveva
• Spirent Communications
• Bentley Systems 
• Synopsys
• AVL List GmbH
• COMSOL
• Certara
• CAE (Presagis
• aPriori
• PTV Group
• AnyLogic
• SimScale
• Scalable Networks
• Simul8 Corporation
• FlexSim
• MOSIMTEC