Engine Segment has the Largest Share of Type in the Middle East and Africa Automotive System Simulation Software Market during 2021–2028
According to our latest study on “Middle East and Africa Automotive System Simulation Software Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type, Vehicle Type, and Propulsion Type,” the market is projected to reach US$ 104.66 million by 2028 from US$ 53.41 million in 2021; it is expected to grow at a CAGR of 10.1% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as upgrading of vehicle functions and increase in number of e/e components and growing production and sales of electric vehicles. However, possibility of invalid research outcomes hamper the market growth.
Based on type, the Middle East and Africa automotive system simulation software market is segmented into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. In 2020, engine segment accounted for the highest share of the market in the forecasted period. However the fuel cell segment registered the highest CAGR during the forecast period. The engine segment dominates the market as there is major demand for the engine system simulation software to develop fuel-efficient engine. Increasing government norms regarding the emission and focus on fuel efficiency enhancement drives the market growth.
Modelon AB , IPG Automotive GmbH ,ESI Group ,Ansys, Inc.,Hexagon AB , SimScale GmbH ,Siemens AG , dSPACE GmbH are among the leading companies in the Middle East and Africa automotive system simulation software market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for Middle East and Africa automotive system simulation software market is segmented into type, vehicle type, and propulsion type. Based on type, the Middle East and Africa Middle East and Africa automotive system simulation software market is segmented into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. Based on vehicle type, the Middle East and Africa Middle East and Africa automotive system simulation software market is segmented into commercial vehicle, and passenger car. Based on propulsion type the Middle East and Africa Middle East and Africa automotive system simulation software market is segmented into ICE and electric. Geographically, the Middle East and Africa automotive system simulation software market is segmented into Middle East and Africa (South Africa, UAE ,Saudi Arabia and Rest of MEA).
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