The automotive sector is continuously working on offering enhanced functionalities in vehicles, with a major focus on automated driving, advanced infotainment, safety technologies, etc. Incorporating electronic components related to these functionalities is catalyzing the evolution of the topology of systems, hardware, and software, thereby creating a dynamic electrical/electronic vehicle system architecture (E/E architecture). For example, Continental introduced the body high-performance computer (HPC), a central hub between a vehicle and the digital world, to create an effective service-oriented vehicle system architecture. Furthermore, a shift from primary vehicle domain architectures toward E/E architectures high-performance servers and zone system simulation software is creating a high demand for automobile system simulation software to ensure the efficiency of the architecture during the design and development stage. These software products enable new, cost-effective vehicle testing compared to conventional testing methods. Thus, the factor enhanced the market growth of South and Central America Automotive System Simulation Software Market during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South and Central America automotive system simulation software market at a healthy CAGR during the forecast period.
South and Central America Automotive System Simulation Software Market Segmentation
The South and Central America automotive system simulation software market is segmented into type, vehicle type, and propulsion type. Based on type, the market is segmented into transmission, engine, electric propulsion, fuel cell, driveline, chassis, and others. Based on vehicle type, the market is segmented into commercial vehicles and passenger cars. Based on propulsion type, the market is segmented into ICE and electric. Geographically, the market is segmented into Brazil, Argentina, and the Rest of SCAM.
Modelon AB, IPG Automotive GmbH, ESI Group, Ansys Inc., Realtime Technologies, Hexagon AB, SimScale GmbH, Gamma Technologies LLC, Siemens AG, and dSPACE GmbH are among the leading companies in the South and Central America automotive system simulation software market.