Global Motion Simulation Market 2016-2020
About Motion Simulation
A motion simulation-driven approach to product design and development reduces the probability of issues by enabling the engineering teams to assess the performance of their designs quickly under a range of operating parameters at the component, system, and process levels. With the help of simulation software, product designers can quickly analyze how multiple physics influence the product components and evaluate the performance of the overall product. This also speeds the product development process as system-level issues are solved at the initial stage.
Technavio’s analysts forecast the global motion simulation market to grow at a CAGR of 11.27% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global motion simulation market for 2016-2020. To calculate the market size, we consider revenue generated from sales and aftermarket services of motion simulation software.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Motion Simulation Market 2016-2020
Technavio recognizes the following companies as the key players in the global motion simulation market: ANSYS, Autodesk, Dassault Systemes, Mentor Graphics, and Siemens.
Other Prominent Vendors in the market are: Altair, Aspen Technology, CEI, COMSOL, ESI, Exa, MSC Software¸ NEi Software, and NUMECA.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be use of motion simulation to develop space launch systems. Aerospace and defense companies are developing a new space launch system for space exploration missions. The space launch system is developed using product lifecycle management software to attain highest quality, and cost and time reduction. The ATK Aerospace current space exploration project includes development of a new space launch system. ATK Aerospace space launch system, one of the largest rocket builders, is predicted to commence its first flight by 2017. The company adopts Siemens' PLM Software NX for designing, simulation, and analysis. It also adopted a Teamcenter for product information sharing and management. ATK Aerospace uses NX motion to simulate launch mount movement for liftoff. It uses NX CAE to develop finite model of rocket booster assembly.”
According to the report, high research & development investment in aerospace and defense will be a key driver for market growth. High R&D investment by the aerospace and defense companies contributed to the growth of the global motion simulation analysis market. These investments are used to design and develop new products in the aerospace and defense. Motion simulation software is one of the prime investment for determining the virtual behavior of these products at various temperature, pressure, and stresses. In the R&D center of Lockheed Martin, the company adopted Dassault Systèmes SIMULIA for designing, simulation, and analyzing while developing the components for Lockheed Martin F-35 Lightning II.
Further, the report states that high cost of motion simulation software will be a challenge for the market. The high initial investment required for motion simulation software hinders the growth of the overall market. Though large enterprises are increasingly adopting motion simulation solutions to reduce their operational costs and improve their product quality, SMEs are reluctant to adopt simulation software because of the high initial investment and lack of technological expertise.
ANSYS, Autodesk, Dassault Systemes, Mentor Graphics, Siemens, Altair, Aspen Technology, CEI, COMSOL, ESI, Exa, MSC Software¸ NEi Software, NUMECA.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook