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

Key Developments

• July 2023 – Vueron, a company specializing in Light Detection and Ranging (LiDAR) software, joined forces with Cognata, a provider of vehicle simulation software. This collaboration aims to improve Vueron's LiDAR perception software, specifically for autonomous driving systems.
• January 2023 – Ansys Inc., a well-known software company, acquired Rocky DEM, a simulation software provider. With this acquisition, Ansys will add the Discrete Element Method (DEM) tool to its lineup and expand its presence in the U.S., Brazil, and Spain.
• December 2022 – Ansys Inc. entered into a definitive agreement to purchase DYNAmore Holding GmbH, a company specializing in automotive simulation. Through this acquisition, Ansys aims to broaden its range of products and reach more customers in Europe.
• June 2022 – VI-grade, a company specializing in driving simulators, released its 2022.1 software products, including VICarRealTime, VI-WorldSim, and VI-DriveSim. These products are designed to speed up product innovation for driving simulators.