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Virtual Prototype
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016-2026
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Report
Description
Report Description
Today the product development environment often revolves around compressed schedules
and budget cuts, but an engineer must skillfully weave between these obstacles to reach his
ultimate goal – Product release. One revolutionary method aiding the process of product
development is Virtual Prototyping. A virtual prototype is a digital simulation of a physical
product that can be used to visualize its behavior under real-world operating conditions. The
designing and testing of a virtual prototype is called virtual prototyping. A typical virtual
prototyping solution involves, creation of a 3D solid model, a human-product interaction
model and different test related models for structural analysis, motion analysis and
manufacturing evaluations. The process involves usage of variegated advance softwares such
as computer-automated design (CAutoD), computer-aided design (CAD), computer-aided
engineering (CAE) etc. to present, analyze and test the various aspects of product life cycle.
The prime advantage of virtual prototyping is a significant reduction in “time-to-market”. The
process of creating a novel product involved numerous prototype builds, testing and the
investment of months to years. However with the current availability of multi-physics
modeling softwares for virtual prototyping, the time and investment is considerably reduced.
Secondly, building and testing on a physical prototype can miss some problems that may not
materialize in test chambers, as manufactured. Whereas, in virtual prototyping such corner
errors can be pointed out and hence improving on design quality. Thirdly, as it creates
prototypes pretty quickly, the method empowers the user to test with multiple complex
designs and helps in developing a more competitive product within a limited time frame.
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Report
Description
Report Description
Owing to these lucrative advantages the global virtual prototype market is anticipated to
witness a healthy CAGR during the forecast period.
Global Virtual Prototype Market: Drivers and Restraints
Growing competitiveness among all players of manufacturing industry, urges the use of
virtual prototyping in their product development, as it helps businesses minimize time and
cost while maximizing on quality and efficiency. Parallely the continuous growth in aerospace
and automotive industry, is driving the need for new product development which in turn also
fuels the market for virtual prototype. On the other hand, small player might restrain from
virtual prototype solutions at this point of time due to high initial investment and lack of
skilled professionals.
Global Virtual Prototype Market: Segmentation
On the basis of type of Virtual Prototyping tool:
•Finite Element Analysis (FEA)
•Computational Fluid Dynamic (CFD)
•Computer Aided Machining (CAM)
On the basis of deployment type:
•Cloud/Host
•On-Premises
Report
Description
Report Description
On the basis of end user industry:
•Automotive
•Aerospace
•Petroleum
•Chemical
•Government or Military
•Healthcare
•Telecommunications
•Electronics
•Government or Military
•Entertainment
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Global Virtual PrototypeMarket: Regional Outlook
•Geographically, the global virtual prototype marketcan be divided into seven regions, namely
North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan
(APEJ), Japan and the Middle East and Africa (MEA). Currently, North America and Europe owns
Report
Description
Report Description
the majority share in the virtual prototype solutions market, owing to high technology
adoption in their local manufacturing sector. The APEJ nations particularly China and India, are
anticipated to show a significant growth in their automobile and aerospace sectors in the
forecast period, concurrently increasing their share in the global market for virtual prototypes.
Global Virtual PrototypeMarket: Key Players
AutoDesk, ARM, Imperas, Coverity, Carbon Design Systems, Synopsys, Qualcomm, Nvidia,
Mentor Graphics, MediaTek, ASTC, Imagination Technologies, Cadence, ESI Group, Agilent
Technologies etc.
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