- In May 2024, Siemens announced Simcenter X, a SaaS solution that provides cloud-based access to Simcenter's simulation tools, starting with Simcenter STAR-CCM+. Offering pay-as-you-go pricing, scalability, and remote access via a browser, it enables engineers to accelerate simulations, improve flexibility, and enhance collaboration without requiring upfront hardware or licensing costs
- In March 2024, General Atomics Aeronautical Systems, Inc. (GA-ASI) adopted Siemens' Simcenter STAR-CCM+ for its aircraft development process to meet evolving simulation needs. Following a comprehensive evaluation, GA-ASI transitioned to Simcenter to achieve improved workflow efficiency, faster solver speeds, and seamless integration with Siemens' PLM platform
- In February 2024, Siemens and AVL collaborated to integrate Siemens' Simcenter solutions with AVL's simulation tools, aiming to enhance the development of electric vehicles by optimizing key performance metrics
- In January 2024, Ansys partnered with Materialise in a strategic collaboration to improve metal additive manufacturing processes by enhancing product quality and reducing costs through better risk management
- In January 2024, AVL introduced the AVL Scenario Simulator, a tool designed to enable automated large-scale ADAS/AD testing while extending off-road simulation capabilities for passenger cars and commercial vehicles
- In June 2023, Keysight unveiled PathWave ADS 2024, an advanced EDA software designed to enhance 5G/6G wireless semiconductor design. It features accelerated simulations, improved electromagnetic solvers, and Python APIs for superior circuit design and validation
Frequently Asked Questions
The major factors driving the growth of the simulation software market include the rising adoption of simulation solutions across automotive, aerospace and defense, and industrial manufacturing sectors, the increasing demand for AI-driven and cloud-based simulation technologies, the growing focus on digital transformation and Industry 4.0 initiatives, and the expanding applications of simulation in healthcare, education, and electronics industries.
The major challenges in the simulation software market include the high initial investment and licensing costs, integration challenges with legacy IT infrastructure, cybersecurity and data privacy concerns, shortage of skilled professionals for advanced simulation technologies, and the limited accessibility of high-performance simulation solutions for small and medium enterprises (SMEs).
The software segment is expected to dominate the global simulation software market, holding a major market share in 2025.
