Global MBSE Tool Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global MBSE Tool Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

MBSE is a formalized application of modeling (activity) to support activities such as system requirements, design, analysis, verification and validation.

Market Overview:

The latest research study on the global MBSE Tool market finds that the global MBSE Tool market reached a value of USD 1447.8 million in 2023. It’s expected that the market will achieve USD 2558.92 million by 2029, exhibiting a CAGR of 9.96% during the forecast period.

Great market potential

Industrial software covers the overall life cycle of products and is used in all industrial industries. There are many subdivided fields in the industry and the needs are diverse. Model-Based Systems Engineering (MBSE) is an approach that emphasizes the use of models throughout the systems engineering process, targeting global and Chinese MBSE tools. MBSE tools are software programs that help create and manage these models. Due to the increasing adoption of MBSE methodologies in various industries such as aerospace, defense, automotive, and healthcare, the MBSE tools market is gradually growing with the demand from downstream markets.

Policy supports technological change to build a sound industrial development ecology

With the advent of a new round of scientific and technological revolution, the focus of competition among countries has been on the underlying technology field. By rebuilding the basic framework of new technologies and new business formats, we can avoid the situation of being stuck in the future. Since 2009, developed countries represented by the United States have gradually put forward strategies related to new industrialization in order to get rid of the phenomenon of industrial hollowing out and realize industrial upgrading. Among them, improving efficiency and reducing manpower requirements are part of its core goals, and industrial software is an important tool to implement the above goals. Japan released the 2021 Manufacturing White Paper to promote enterprises to deepen digital transformation; in July 2020, the South Korean government released the Materials, Components and Equipment 2.0 Strategy, which intends to greatly expand the supply chain management of key strategic products and create cutting-edge industries world power.

For China, in recent years, the national government has issued a number of policies to support the development of basic software. Among them, in March 2020, the Ministry of Industry and Information Technology made it clear that it will start major national software projects, concentrate on solving the problem of key software bottlenecks, focus on promoting the softwareization of industrial technology, and support the development of high-end industrial software. On August 4, the State Council issued Several Policies for Promoting the High-quality Development of the Integrated Circuit Industry and Software Industry in the New Era, which requires focusing on the research and development of key core technologies of basic software, industrial software, and application software. At this stage, many products in industrial software present the characteristics of high R&D investment, long profit cycle, and differentiated industry demand. Different technology or industrial development stage, the demand orientation of industrial software is not the same. At present, the underlying technologies such as cloud computing, the Internet of Things, and 5G are becoming more and more mature. Therefore, my country's industrial software can follow a different development path from foreign industrial software, focusing on using new technologies to solve the efficiency problems of industrial chain R&D and manufacturing collaboration, and tap the growth of industrial software. volume value.

Region Overview:

Europe had the highest growth rate of all regions.
In 2022, the share of the MBSE Tool market in Europe stood at 38.15%.

Company Overview:

Dassault Systèmes is one of the major players in the MBSE tools market with a 21.09% share in 2023.
Dassault Systemes currently has four major product modules: 3D modeling, social collaboration, simulation, and intelligent information, of which 3D CAD is the core product. On the downstream side, it covers the three major fields of manufacturing, infrastructure & cities, and life sciences & health care.

IBM manufactures and sells computer hardware and software, and provides consulting services for system architecture and network hosting.

Segmentation Overview:

The cloud-based segment by type showed a value growth of 0.04% in 2022.
Among different product types, Local deployment segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Aerospace and Defense segment occupied the biggest share from 2018 to 2022.

Key Companies in the global MBSE Tool market covered in Chapter 3:

Altair
Zuken
Dassault Systemes
3SL
MathWorks
Sparx Systems
Maplesoft
Hangzhou he Wu System Technology Co. , Ltd.
National Instruments
SPEC Innovations
Zhejiang Dijie Software Technology Co. , Ltd.
ANSYS
IBM
Siemens
ESI Group

In Chapter 4 and Chapter 14.2, on the basis of types, the MBSE Tool market from 2019 to 2030 is primarily split into:

Cloud based
Local deployment

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the MBSE Tool market from 2019 to 2030 covers:

Aerospace & Defense
Automotive & Transportation
Machine made
Electronics and Semiconductors
Medical insurance

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) 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)