Simulation Software Market Growth Driven by Finite Element Analysis

Published in September 2023

Market research

New ARC Advisory Group research on the Simulation Software global market reveals that this market will be driven by the emergence of comprehensive simulation platforms, the use of the digital twin concept, and the expansion of the 3D virtual simulation software. The overall simulation software market will be driven by the emergence of comprehensive simulation platforms that allow for concurrent product design and validation across the product lifecycle. Additional growth is driven by an increased use of finite element analysis in conjunction with manufacturing adoption spurred on by adoption policies due to the COVID-19 pandemic, the growth and adoption of the digital twin concept, and the growth in Industrial IoT in general. Significant expansion of 3D virtual simulation software across a wide range of applications for science, industry, infrastructure, and consumers allows for the virtual validation of the physical world.

"Manufacturers across all industrial sectors should be developing a digital transformation strategy and direction for both their products and their production systems. This strategy should include both a digital twin plan for their products in the factory and the field, and the intelligent edge. The market will demand that products be both connected and smart in the digital environments that these products will be functioning and operating in. Simulation solutions will enable companies to virtually simulate, validate, and bring to market new products that meet the demands of their customers," according to Daniel Keyser, Analyst and key author of ARC's Simulation Software Market Research .

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Product List

3D Simulator MELSOFT Gemini

Pre-verification is performed in the digital space of a virtual factory or equipment line.
This significantly reduces cost and time during the design phase.

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Robot simulation with MELSOFT RT ToolBox3

All processes is supported from system startup to debugging and operations, including verification of the scope of operations prior to introducing a robot, estimation of tact time, robot debugging prior to startup, and monitoring of robot conditions and malfunctions during operations.

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