U.S. Power Electronics Software Market Size, Share, Trends, & Industry Analysis By Technology (RCP, Embedded System Prototyping, MBD, HIL Simulation, and Other Technologies), By Type, By Application, and By Country – Market Forecast, 2025–2034
Description
The U.S. power electronics software market size is expected to reach USD 1,853.23 million by 2034, according to a new study by Polaris Market Research. The report “US Power Electronics Software Market Size, Share, Trends, & Industry Analysis By Technology (RCP, Embedded System Prototyping, MBD, HIL Simulation, and Other Technologies), By Type, By Application, and By Country – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The U.S. power electronics software market is witnessing a significant surge, driven by the rapid adoption of electric vehicles, the modernization of energy infrastructure, and the growing integration of renewable energy sources. The growing shift toward electrification and digitalization across industries is driving increased demand for advanced software tools, including model-based design, real-time simulation, and embedded control systems.
These platforms enable engineers to design, simulate, and validate complex power electronics systems with high precision, reducing development time and ensuring regulatory compliance. Leading companies across automotive, aerospace, and energy sectors are investing in software solutions that support the design of efficient converters, inverters, and grid-tied control systems, further fueling market growth.
US Power Electronics Software Market Report Highlights
In terms of technology, the model-based design (MBD) segment is projected grow significantly by 2034. This growth is attributed to widespread adoption across automotive, aerospace, and renewable energy sectors.
Based on type, the design software segment led the power electronics software market in 2024, owing to its extensive use for developing precise schematics, PCB layouts, and control architectures in power electronic systems.
In terms of application, the renewable energy segment is projected to be the fastest-growing, driven by the rapid expansion of solar PV and wind installations and global decarbonization efforts, which boost demand for power electronics software to optimize converters and grid-tied inverters.
A few global key market players include Altair Engineering Inc., ANSYS, Inc., Cadence Design Systems, Inc., dSPACE GmbH, Infineon Technologies AG, Keysight Technologies, MathWorks, Inc., National Instruments Corp., Plexim GmbH, Renesas Electronics Corporation, Siemens, Sidelinesoft, LLC
Polaris Market Research has segmented the market report on the basis of technology, type, application, and Country:
By Technology Outlook (Revenue, USD Billion, 2020–2034)
Rapid Control Prototyping (RCP)
Embedded System Prototyping
Model-Based Design (MBD)
Hardware-In-The-Loop (HIL) Simulation
Other Technologies
By Type Outlook (Revenue, USD Billion, 2020–2034)
Design Software
Simulation Software
Analysis Software
Control Software
By Application Outlook (Revenue, USD Billion, 2020–2034)
Automotive
Consumer Electronics
Industrial
Renewable Energy
Aerospace & Defense
Other Applications
The U.S. power electronics software market is witnessing a significant surge, driven by the rapid adoption of electric vehicles, the modernization of energy infrastructure, and the growing integration of renewable energy sources. The growing shift toward electrification and digitalization across industries is driving increased demand for advanced software tools, including model-based design, real-time simulation, and embedded control systems.
These platforms enable engineers to design, simulate, and validate complex power electronics systems with high precision, reducing development time and ensuring regulatory compliance. Leading companies across automotive, aerospace, and energy sectors are investing in software solutions that support the design of efficient converters, inverters, and grid-tied control systems, further fueling market growth.
US Power Electronics Software Market Report Highlights
In terms of technology, the model-based design (MBD) segment is projected grow significantly by 2034. This growth is attributed to widespread adoption across automotive, aerospace, and renewable energy sectors.
Based on type, the design software segment led the power electronics software market in 2024, owing to its extensive use for developing precise schematics, PCB layouts, and control architectures in power electronic systems.
In terms of application, the renewable energy segment is projected to be the fastest-growing, driven by the rapid expansion of solar PV and wind installations and global decarbonization efforts, which boost demand for power electronics software to optimize converters and grid-tied inverters.
A few global key market players include Altair Engineering Inc., ANSYS, Inc., Cadence Design Systems, Inc., dSPACE GmbH, Infineon Technologies AG, Keysight Technologies, MathWorks, Inc., National Instruments Corp., Plexim GmbH, Renesas Electronics Corporation, Siemens, Sidelinesoft, LLC
Polaris Market Research has segmented the market report on the basis of technology, type, application, and Country:
By Technology Outlook (Revenue, USD Billion, 2020–2034)
Rapid Control Prototyping (RCP)
Embedded System Prototyping
Model-Based Design (MBD)
Hardware-In-The-Loop (HIL) Simulation
Other Technologies
By Type Outlook (Revenue, USD Billion, 2020–2034)
Design Software
Simulation Software
Analysis Software
Control Software
By Application Outlook (Revenue, USD Billion, 2020–2034)
Automotive
Consumer Electronics
Industrial
Renewable Energy
Aerospace & Defense
Other Applications
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