In a recently published report, QY Research has provided unique insights about the automotive crash impact simulator market for the forecast period. The report titled, “Global Automotive Crash Impact Simulator Market Report, History and Forecast 2014-2025”, provides the latest updates such as technological developments, mergers and acquisitions, and new product entrants that are making an impact on various segments of the market. QY Research is committed to providing a precise and accurate report to fulfill requirements of the clients. The information is triangulated based on several verticals by taking into consideration of demand and supply-side, drivers, restraints, and other geographical markets.
The analysts at QY Research predict that the global automotive crash impact simulator market will reach US$707.98 mn by 2025 from US$509.68 mn in 2018. The market is estimated to register a CAGR of 4.85% throughout the forecast period.
Time Efficiency to Boost Sales of Automotive Crash Impact Simulator
The global automotive crash impact simulator market will witness significant growth due to the number of new car launches and the stringent regulations pertaining to the safety and security in vehicles. The need for safety and crash testing in new products is one of the main factors that is driving the market. This gives the designers a chance to test the materials and designs in a simulator instead of doing it manually. This not only reduces time and cost of testing but also makes it safer for the testing engineer. All of these factors are expected to boost the growth of the market in the years to come. Furthermore, rising investments in research and development activities and technological advancements in the automotive industry will further accelerate the growth of the market over the forecast period.
Asia Pacific and Europe Offer Lucrative Opportunities to Automotive Crash Impact Simulator Market
Europe is expected to lead the market for automotive crash impact simulator due to stringent safety rules and regulations and increasing automotive ecosystem in this region. Asia Pacific is also estimated to drive the automotive crash impact simulator market because of growing safety concerns among consumers and government authorities. Rise of the automotive industry across developing countries of Asia Pacific is also expected to make a significant contribution of the regional market.
Global Automotive Crash Impact Simulator Market: Segment Analysis
The global automotive crash stimulator market is segmented into application and product type. The application segment includes suppliers and OEMs. The product type segment includes autonomous vehicles, the internal combustion engine (ICE) vehicle, and electric vehicle (EV).
Global Automotive Crash Impact Simulator Market: Top Players
The leading manufacturers that are operating in the global automotive crash stimulator market are PC-Crash, Dassault Systemes, TECOSIM, Altair, MSC Software Corporation, ESI Group, Instron, and LSTC.
Global Automotive Crash Impact Simulator Market: Competitive Landscape
In June 2019, Altair announced that it signed a new reseller agreement for the entire Adriatic and Balkan region with Weiss Simulation. Weiss Simulation-based in Zagreb, Croatia will be taking over the sales responsibility for the entire portfolio including, Altair solidThinking, Altair SmartWorks, Altair HyperWorks, and Altair PBS Works.