Ansys, a leading provider of engineering simulation software, and Materialise, a leading provider of 3D printing software and services, will offer integrated digital solutions that will assist in resolving workflow issues in the additive manufacturing sector. Magics, Materialise's build preparation tool, will easily incorporate Ansys Additive Suite thanks to this agreement. A first solution will offer a best-in-class workflow for managing AM industrial projects across industries, including the aerospace and medical sectors. It will be previewed at Formnext 2023 and launched in Q2 2024.
Dassault Systemes declared that it had partnered with the BMW Group to set up more effective automotive development initiatives. With the invaluable support of BMW Group's extensive process and specialized knowledge, the two companies collaborated to develop an industry-ready, process-oriented solution for stamping die design and stamped sheet metal component definition that will improve the efficiency of the parts production and design process.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 1316
Published Date: Feb 19, 2024
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The introduction of electric vehicles and autonomous vehicles are the major factors driving the growth of the simulation software market.
The market size of simulation software is anticipated to attain a CAGR of 13% over the forecast period, i.e., 2024-2036.
The major players in the market are Rockwell Automation Inc., Schneider Electric SE, Autodesk Inc., Ansys Inc., Bentley Systems, Incorporated, Dassault Systemes, The MathWorks, Inc., ESI Group, GSE Systems, and others.
The software segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.