Simulation Software Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026
Simulation Software Market Size is forecast to reach $20.3 billion by 2026, at a CAGR of 17.0% during 2021-2026. Adoption of simulation software in aerospace, defense and automobile industries with the development of modern aircraft, autonomous and electric vehicles boost the simulation software market growth. In addition to these, process simulation software is also used in designing or creating Internet of Things (IoT) devices and apps. High adoption of simulation software for modeling and simulation in the development of industrial products is set to drive industry 4.0. Similarly, growing developments by various companies is analyzed to drive the market growth. In 2020, Desktop Metal had launched Live Sinter simulation software for powder metallurgy-based manufacturing processes. Further, entry of new players in developed and developing economies will further enhance the overall market demand for Simulation Software during the forecast period 2021-2026. Report Coverage The report: ...