The premium market intelligence report published by BIS Research under the title Autonomous Vehicle Simulation Solutions Market highlights that the market is projected to reach $2.97 billion by 2031. The study also highlights that the market is set to witness a CAGR of 13.4% during the forecast period 2022-2031
Autonomous vehicle simulation solutions help to build different driving scenarios inside virtual scenes with respect to sensor settings, vehicle actions, traffic, pedestrians, and infrastructure. Automotive OEMs and other stakeholders can use simulation software in autonomous vehicles to simulate many sensors such as lidar, radar, camera, global positioning system (GPS), inertial measurement units (IMU), vehicle-to-vehicle (V2V), and HD maps.
According to studies, the autonomous vehicle simulation solutions industry is driven by several factors such as growing emphasis on road safety, favorable government policies to develop infrastructure for autonomous vehicles, and increasing road congestion.
The detailed study is a compilation of 100 market data tables and 51 figures spread through 213 pages and an in-depth Table of Content (ToC).
USP of the Report
This extensive report can help with:
Analyst’s Take on the Market:
According to Dhrubajyoti Narayan, Lead Analyst, BIS Research, “The global automotive industry is undergoing wide-ranging and transformative changes with a shift in the consumer behavior as well as an increase in the implementation of stringent environmental regulations. As of now, most of the automotive OEMs and other technology providers are working toward the development of connected and autonomous vehicles. This demand for autonomous vehicles simulation is expected to grow owing to the expansion of feasible testing, as vehicle technology advances at a rapid pace.”
View the report from BIS Research on Global Autonomous Vehicle Simulation Solutions Market
Key Companies Operating in the Market and Competition Landscape
Some key players operating in the market are Altair Engineering, Inc., Ansys, Inc., Applied Intuition, Inc., Autodesk Inc., AVL List GmbH, Cognata, Dassault Systèmes, dSPACE GmbH, Foretellix, VIRES Simulationstechnologie GmbH, LG Electronics, Nvidia Corporation, rFpro, The MathWorks, Inc., SAP SE, and aiMotive.
The companies profiled in the report have been selected post undergoing in-depth interviews with experts and understanding details around companies such as product portfolios, annual revenues, market penetration, research and development initiatives, and domestic and international presence in the autonomous vehicle simulation solutions market.
Key Questions Answered in the Report:
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About BIS Research:
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