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Automotive Simulation Market to More Than Double by 2031 as Virtual Development Becomes the Standard
[Detroit, MI/Palo Alto, CA, April 22nd, 2025] – The Global Automotive Simulation Market is projected to grow from USD 2.8 billion in 2023 to USD 6.3 billion by 2031, according to ClearView Market Insights. The 10.7% CAGR indicates a fundamental shift in the industry toward virtual development processes across all vehicle systems.
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Key Market Drivers
Development Cost Reduction
· Virtual prototypes saving up to $500k per vehicle program
· 70% reduction in physical crash tests
· Faster iteration cycles enabling quicker time-to-market
Increasing System Complexity
· Autonomous systems requiring billions of test miles
· EV thermal management challenges
· Software-defined vehicle architectures
Regulatory Pressures
· NCAP safety requirements demanding more scenarios
· Battery safety certification processes
· Cybersecurity validation needs
Technology Breakthroughs
· Digital Twins: BMW's complete vehicle simulations
· AI Simulation: Tesla's synthetic training environments
· Cloud Scaling: 1000-core simultaneous simulations
Regional Adoption
· North America: 35% share, led by AV development
· Europe: 30%, strong in luxury vehicle dynamics
· Asia-Pacific: 30%, Chinese EV makers rapidly adopting
· Rest of World: 5%, emerging market growth
Executive Perspective
"Simulation has moved from being a support tool to the foundation of vehicle development," said Dr. Prith Banerjee, CTO at Ansys. "Our customers are now running more simulations in a week than they did in a year five years ago."
Market Outlook
· 2025: 50% of validation done virtually
· 2027: Digital twins standard for all new programs
· 2030: AI-generated simulation scenarios dominate
For more insights, visit https://clearviewmarketinsights.com/report-store
About ClearView Market Insights
We provide specialized analysis of digital engineering technologies transforming the automotive industry.
Media contact:
Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: sales@clearviewmarketinsights.com
Phone: +1 917-993-7369
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