Automotive Simulation Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to automotive simulation market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Automotive Simulation Market News

in Automotive Simulation Market
  • In October 2024, Siemens announced its acquisition of Altair Engineering Inc., a prominent provider of simulation software and data analytics services, for $10.6 billion. This strategic move aims to enhance Siemens' position in industrial software by integrating Altair's advanced simulation technologies, thereby expanding its capabilities in the automotive sector.
  • In March 2024, General Motors (GM) collaborated with NVIDIA to advance its autonomous vehicle and manufacturing initiatives. GM plans to utilize NVIDIA’s Omniverse 3D graphics platform for simulations to boost assembly line efficiency and integrate NVIDIA's AI technologies for advanced driver assistance and autonomous driving in its next-generation vehicles. This partnership aims to revitalize GM's self-driving projects by leveraging NVIDIA's expertise in AI and simulation.
  • In January 2024, Synopsys reached an agreement to acquire Ansys, a leader in multiphysics simulation, for approximately $35 billion. This acquisition is set to expand Synopsys' design automation portfolio, increasing its total addressable market by 1.5 times to $28 billion. The integration of Ansys' simulation and analysis tools is expected to enhance product development processes across various industries, including automotive.

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Global Automotive Simulation Market size was valued at USD 3.23 Billion in 2023 and is poised to grow from USD 3.6 Billion in 2024 to USD 8.54 Billion by 2032, growing at a CAGR of 11.4% in the forecast period (2025-2032).

The global automotive simulation industry is highly competitive, with key players focusing on technological innovation, strategic collaborations, and AI-driven advancements to maintain their market position. Major companies such as ANSYS, Siemens, and Dassault Systèmes dominate the space by offering comprehensive simulation platforms that enhance vehicle design, testing, and validation processes. These firms are continuously investing in artificial intelligence (AI) and machine learning (ML) to improve predictive modeling and real-time analytics, enabling automakers to accelerate EV and AV development. Strategic partnerships and acquisitions are shaping the industry. For example, General Motors (GM) partnered with NVIDIA to integrate AI-powered simulations into its autonomous vehicle and manufacturing projects, leveraging NVIDIA’s Omniverse platform for real-time virtual prototyping. 'General Motors', 'Synopsys', 'ANSYS, Inc. ', 'Siemens AG', 'Dassault Systèmes ', 'Robert Bosch GmbH ', 'AVL List GmbHHexagon AB ', 'MSC Software Corporation ', 'ESI Group ', 'Altair Engineering Inc. ', 'Bentley Systems', 'dSPACE GmbH', 'MOOG INC. ', 'The MathWorks, Inc. ', 'Applied Intuition, Inc.'

The growing demand for autonomous driving and advanced driver assistance systems (ADAS) is a key driver of the automotive simulation market. Automakers and tech firms are leveraging AI-driven simulation platforms to test and validate AV software in controlled virtual environments before real-world deployment. This reduces development costs and enhances safety, accelerating the adoption of self-driving technology.

Integration of AI and Machine Learning in Simulations: AI-powered simulation platforms are becoming increasingly sophisticated, enabling real-time scenario generation, predictive analytics, and self-learning models. Companies like NVIDIA and Applied Intuition are advancing AI-driven simulation ecosystems, allowing automakers to test AVs and connected vehicles under hyper-realistic, real-time traffic conditions with improved accuracy.

What Drives North America's Leadership in the Global Automotive Simulation Market?

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Global Automotive Simulation Market
Automotive Simulation Market

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