In 2022, the global Automotive Simulation Market is expected to be worth USD 2351.5 million.
The Automotive simulation market is estimated to increase at a CAGR of 11.80% between 2023 and 2030, reaching USD 5739.5 Million in 2030.
Vehicle Dynamics Simulation is the market leader in 2022.
The category that governs market demand is Government and Regulatory Bodies.
Cloud based is likely to grow at the fastest rate during the forecast period.
The top players include Altair Engineering Inc., Ansys Inc., Autodesk Inc., AVL List GmbH, Dassault Systemes SE and dSpace GmbH
The primary drivers of the market are the increasing complexity of vehicle systems and the need for improved simulation tools, stringent safety and pollution laws, and the growing usage of electric and autonomous vehicles, which necessitate significant simulation for development and optimization.