We use cookies for a better user experience. Click here to know more about it. 


Global Model Based Development (MBD) Grows Fast with CAGR of 15.87%

Author: QYResearch  |   Published Date: 2022-05-11   |   Views: 48

Model based development (MBD) is a software development methodology based on V-cycle. The model based approach enables a developer to simulate the models for the complex control processes. These software models can be tested to assess the performance in real-time.


Model-based development is a design and development method that models, simulates, and then verifies controls and controlled objects that make up systems. Through model-based development, verification can be done during the design process, which reduces rework in the verification process, thereby significantly reducing development hours and improving quality. Model-based development methods are used not only in the design process but also in the verification process. By modeling the verification environment, various types of verification can be performed.


Currently, model-based development is being used in a variety of products. It has been implemented mainly in the development of in-vehicle systems but is also being used in a wide range of other fields such as medical equipment and robotics. It is expected to be introduced in a variety of fields in the future.


The Model Based Development (MBD) market concentration is high. Siemens, IBM, PTC, ETAS, MathWorks and dSPACE are some of the leading players in Global Model Based Development (MBD) market. In 2020, the top six players took 56.90% market share in terms of revenue.


Model Based Development (MBD) is mainly used in Automotive, Electronics and Semiconductor, Aerospace and Defence, Medical, Industrial, etc. Automotive are the most widely used group which took up about 25.02% of the global market in 2021. Automobile manufacturers across the globe are increasingly adopting model-based design in the development of vehicle electronics, ranging from the engine and transmission controllers to the body controllers and battery management modules.


Global Model Based Development (MBD) market size was 2,419.89 million USD in 2021 and it is estimated to reach 6,163.13 million USD by the end of 2028, with a CAGR of 15.87% from 2022 to 2028.



Read More Information: https://www.qyresearch.com/


About Us:

QYResearch provides Market Research Reports for clients all over the world. As of now, QYResearch data as following:

62000 + Clients(cover 100% the world strong 500 companies and most industries’ leading players such as TOP5 players)

7800 + Experts(most of them with more than 15 years’ experience in their industry and professional knowledge both in market and technology)

300 + Data Base(40% government related data base, 30% third part data base, 10% international agencies data base, 30% technology and market data base)

2 Million + Reports(cover almost all industries and most detailed products such as product model level research reports, where you can find all what you need in one shop)

1000 + Custom Research Projects(most clients need custom research service and QYResearch keeps offering good and depth service for them)

30 + Roles Data Interview Checking System(only QYResearch uses such interview system with more than 30 roles in order to confirm the data reliability)

13 + Years focus market research and continues to support the client success.


Media Contact:

Rahul Singh - Digital Marketing Director

Contact: +91 7028 920 828

Email: rahul@qyresearch.com


Sales Contact US:

USA Registered Office: QY Research, INC. 

17890 Castleton, Suite 369,

City of industry, CA - 91748

Emails – enquiry@qyrsearch.com

Web – www.qyresearch.com

QYR Clients

  • csl
  • croozer
  • crital alert
  • cristal
  • corveneng
  • coperion
  • contijpi medical
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
  • compass minerals
More Clients...