Middle East & Africa Automotive Simulation Software Market Size & Outlook
Middle East & Africa automotive simulation software market, 2018-2030 (US$M)
Related Markets
MEA automotive simulation software market highlights
- The MEA automotive simulation software market generated a revenue of USD 242.4 million in 2023.
- The market is expected to grow at a CAGR of 14.1% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 242.4 million |
| Market revenue in 2030 | USD 611.9 million |
| Growth rate | 14.1% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Services |
| Key market players worldwide | Altair Engineering Inc Class A, Autodesk Inc, Ansys Inc, PTC, Dassault Systemes SE, MathWorks, Applied Intuition |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.6% of the global automotive simulation software market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,042.8 million by 2030.
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Automotive Simulation Software Market Scope
Automotive Simulation Software Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa automotive simulation software market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive simulation software market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 67.7% in 2023. Horizon Databook has segmented the Middle East & Africa automotive simulation software market based on software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Automotive Simulation Software Solution Outlook (Revenue, USD Million, 2018-2030)
- Software
- CAE Software
- Electromagnetic Simulation Software
- Training/Human-in-the-Loop (HITL) Simulation Software
- ADAS Simulation Software
- Others
- Services
- Simulation Development Services
- Training and Support & Maintenance
- Software
- Middle East & Africa Automotive Simulation Software Deployment Outlook (Revenue, USD Million, 2018-2030)
- On-premise
- Cloud-based
- Middle East & Africa Automotive Simulation Software End User Outlook (Revenue, USD Million, 2018-2030)
- OEMs (Automotive Vehicle Manufacturers)
- Automotive Component Manufacturers
- Others (Research institutes & regulating authorities)
- Middle East & Africa Automotive Simulation Software Application Outlook (Revenue, USD Million, 2018-2030)
- Designing & Development
- Testing & Validation
- Supply Chain Simulation
- Others
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Target buyers of Middle East & Africa automotive simulation software market databook
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Our clientele includes a mix of automotive simulation software market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa automotive simulation software market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automotive simulation software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA automotive simulation software market size, by country, 2018-2030 (US$M)
Middle East & Africa Automotive Simulation Software Market Outlook Share, 2023 & 2030 (US$M)
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