Dublin, Aug. 23, 2016 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Motion Simulation Market 2016-2020" report to their offering.
The global motion simulation market to grow at a CAGR of 11.27% during the period 2016-2020.
Global Motion Simulation Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the key trends for market growth will be use of motion simulation to develop space launch systems. Aerospace and defense companies are developing a new space launch system for space exploration missions. The space launch system is developed using product lifecycle management software to attain highest quality, and cost and time reduction.
The ATK Aerospace current space exploration project includes development of a new space launch system. ATK Aerospace space launch system, one of the largest rocket builders, is predicted to commence its first flight by 2017. The company adopts Siemens' PLM Software NX for designing, simulation, and analysis. It also adopted a Teamcenter for product information sharing and management. ATK Aerospace uses NX motion to simulate launch mount movement for liftoff. It uses NX CAE to develop finite model of rocket booster assembly.
According to the report, high research & development investment in aerospace and defense will be a key driver for market growth. High R&D investment by the aerospace and defense companies contributed to the growth of the global motion simulation analysis market. These investments are used to design and develop new products in the aerospace and defense. Motion simulation software is one of the prime investment for determining the virtual behavior of these products at various temperature, pressure, and stresses. In the R&D center of Lockheed Martin, the company adopted Dassault Systèmes SIMULIA for designing, simulation, and analyzing while developing the components for Lockheed Martin F-35 Lightning II.
Further, the report states that high cost of motion simulation software will be a challenge for the market. The high initial investment required for motion simulation software hinders the growth of the overall market. Though large enterprises are increasingly adopting motion simulation solutions to reduce their operational costs and improve their product quality, SMEs are reluctant to adopt simulation software because of the high initial investment and lack of technological expertise.
Key vendors
- ANSYS
- Autodesk
- Dassault Systemes
- Mentor Graphics
- Siemens PLM
Other prominent vendors
- Altair
- Aspen Technology
- CEI
- COMSOL
- ESI Group
- Exa
- MSC Software
- NEi Software
- NUMECA
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by end-user
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Key vendor analysis
Part 14: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/dpbxz8/global_motion
Related Topics: CAD, CAM and CAE Software