Global Electromagnetic Simulation Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electromagnetic Simulation Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electromagnetic simulation software enables engineers to investigate the electromagnetic properties of components or whole systems efficiently. Electromagnetic simulation can be applied throughout the entire design process. From the inception of an idea, to the synthesis of components to meet specifications, to analyzing the electromagnetic performance under operational conditions: virtual prototypes are transforming the design cycle.

Electromagnetic simulation software is a game changer when it comes to reducing the time and cost of bringing a product to market, not just in the high-tech industries of electronics and communication, but also in aerospace, defense, transportation and life sciences. Analysis with Electromagnetic simulation software ranges from individual components such as antennas, sensors and chips up to entire devices, including aircraft, smartphones and Magnetic resonance imaging (MRI).

Market Overview:

The latest research study on the global Electromagnetic Simulation Software market finds that the global Electromagnetic Simulation Software market reached a value of USD 1088.56 million in 2022. It’s expected that the market will achieve USD 2156.7 million by 2028, exhibiting a CAGR of 12.07% during the forecast period.

Communication industry demand growth

The pandemic of COVID-19 has propelled the organizations in all the sectors to either stop their manufacturing completely or grant work from homes to all of their employees. This has significantly increased internet usage for multiple purposes, such as browsing online media content, increased calling among other works, and some of the factors that are putting a burden on the existing networks. Therefore, it has become imperative for the telecom industry players to look for solutions like MIMO to provide uninterrupted services to its consumers.
5G is pushing the boundaries of wireless communications and wireless device design. Significant innovations are needed in order to accommodate increased requirements for Enhanced Mobile Broadband, Massive Machine-Type Communications, and Ultra-Reliable Low Latency Communications. To meet these challenges, the wireless industry is exploring new technologies, such as multiple-input, multiple-output (MIMO) and beamforming, higher frequency bands including millimeter waves, and a number of changes to how base stations and devices are deployed and used.
Electromagnetic Simulation Software provides a complete solution, from system and MIMO antenna design through performance assessment in realistic, simulated environments, and planning for deployment in 5G networks.

Demand growth in automotive radar

Automotive radars are used to detect the speed and range of objects in the vicinity of the car. An automotive radar consists of a transmitter and a receiver. The transmitter sends out radio waves that hit an object and bounce back to the receiver, determining the objects' distance, speed and direction.
In ADAS (Advanced driver-assistance system), automotive radar is one of the several sensor systems for collision avoidance, pedestrian and cyclist detection, and complements vision-based camera-sensing systems.
With the continuous improvement of automobile intelligence, the assembly quantity of laser radar has obviously increased. Perception layer is the prerequisite for intelligent driving, and the data it obtains will directly affect the judgment of decision-making layer and the operation of execution layer, and its detection accuracy, breadth and speed will directly affect the driving safety of automatic driving. With the development of intelligent driving from L2 to L3 and above, lidar is becoming more and more important because of its high precision, long detection distance and 3D environment modeling. The increasing demand of Automotive radars drives the development of electromagnetic simulation software market.

Software vulnerability risk

Electromagnetic simulation software is at risk of vulnerability and hacking. If the vulnerability is triggered, the manufacturer's product data may be stolen, and the internal information of the enterprise may be used by peers or criminals. Besides, software vulnerabilities will also affect the accuracy of data in the research and development of downstream enterprises, resulting in quality or safety problems in the developed products. Software developers need to constantly debug and correct software vulnerabilities through user feedback to ensure that electromagnetic simulation software is used safely and stably. Software security issues pose a certain challenge to the development of electromagnetic simulation software.

Region Overview:

In global comparison, a significant portion of the revenue was generated in United States (43.3% in 2022).

Company Overview

ANSYS Inc. is one of the major players operating in the Electromagnetic Simulation Software market, holding a share of 18.08% in 2022.

ANSYS Inc.

Ansys is an engineering software company that provides simulation capabilities for structural, fluids, semiconductor power, embedded software, optical, and electromagnetic properties. Ansys employs over 4,000 people and serves over 50,000 customers globally, including those in aerospace defense and automotive.

Dassault Systmes SE

Dassault Systemes SE (Dassault), a subsidiary of Groupe Industriel Marcel Dassault SA, is a 3D experience platform, software and services. The company offers consulting services in the areas of design, deployment, support, training, and engineering services. It also provides licenses, subscription, and support services. The company serves aerospace and defense, transportation and mobility, marine and offshore, industrial equipment, high-tech, construction, retail, life sciences, utilities, and business service industries. Dassault markets its products through a network of distributors, agents, system integrators and value-added resellers. The company operates through representative offices in the Americas, Europe, Africa, the Middle East and Asia-Pacific. Dassault is headquartered in Velizy-Villacoublay, Ile-De-France, France.

Segmentation Overview:

As for product types, the Finite Element Method (FEM) segment held the largest market share in 2022.

Methods of Moments (MOM)

The method of moments (or boundary element method) is a frequency-domain method for performing electromagnetic simulations. The MoM also enforces radiation boundary conditions automatically, without requiring to discretize a large volume of air around a given geometry of interest.

Finite Difference Time Domain (FDTD)

FDTD is a very common method for computational solving electromagnetics problems that have some time dependence. This method is used to solve general problems where a system is driven with an arbitrary sourcing function in time.

Finite Element Method (FEM)

FEM is useful in systems when there is no time dependence (steady-state) or purely harmonic time dependence in a linear medium so that there is only a single frequency to consider.

Physical Optics (PO)

Physical Optics (PO) is a ray-based physics technique that is very effective for radar scattering and other applications that require calculation of backscatter from detailed faceted objects. Unlike methods based on the GO/UTD approach, PO involves a full surface integration over faceted structures. This requires denser ray tracing and is more computationally intensive than geometric optics and UTD; however, the additional computation can provide much more accuracy for calculations that require analysis of scattering from faceted structures that are highly detailed, such as the calculation of radar backscatter from a finely-faceted model of a vehicle, aircraft, or naval vessel, or reflections from other high-resolution surfaces.

Geometric Optics (GO)

Geometrical optics, or ray optics, is a model of optics that describes light propagation in terms of rays. The ray in geometric optics is an abstraction useful for approximating the paths along which light propagates under certain circumstances.

Uniform Theory of Diffraction (UTD)

The Uniform Theory of Diffraction (UTD) is a ray method, based on an asymptotic solution of the Maxwell equations. UTD is applicable when a radiating source interacts with a scattering structure whose dimensions are much larger than the field wavelength (e.g., ships, vehicles, or scenario configurations, like airports, factories, cities, etc.). Under these hypotheses, similarly to the optics case, the electromagnetic scattering can be described as the combination of discrete contributions (reflections and diffractions of different orders) from a number of hot points distributed on the structure (edge, wedge, vertex) according to relatively simple geometric laws relating to the propagation of rays. UTD manages real materials characterized through transmission and reflection coefficients.

Application Overview:

The market's largest segment by application is the segment Automotive Radar, with a market share of 38.28% in 2022.

Key Companies in the global Electromagnetic Simulation Software market covered in Chapter 3:

ANSYS Inc.
Dassault Systmes SE
Cadence Design Systems Inc.
Altair Engineering Inc.
Sonnet Software Inc.
ESI Group
ElectroMagneticWorks Inc.
Keysight Technologies
COMSOL Inc.
WIPL-D d.o.o.
Remcom Inc.
EMPIRE (IMST GmbH)

In Chapter 4 and Chapter 14.2, on the basis of types, the Electromagnetic Simulation Software market from 2018 to 2029 is primarily split into:

Methods of Moments (MOM)
Finite Difference Time Domain (FDTD)
Finite Element Method (FEM)
Physical Optics (PO)
Geometric Optics (GO)
Uniform Theory of Diffraction (UTD)
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electromagnetic Simulation Software market from 2018 to 2029 covers:

Antenna Design and Analysis
Mobile Device
Automotive Radar
Biomedical
Wireless Propagation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)