Multiphysics Software Market Scope
Multiphysics software is specially designed to make it easy to model complex systems of coupled partial differential equations. It is a fully integrated mathematical modeling and physics simulation platform and uniquely combines state-of-the-art physics solvers like FEniCS, OpenFOAM and SU2.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | COMSOL AB (Sweden), Ansys (United States), ADINA (United States), Rockstar (United States), Open Engineering s.a. (Belgium), Opera FEA Software - Dassault Systemes UK Ltd (United Kingdom), CFD Direct Limited (United Kingdom), MathWorks (United States) and Chalmers University of Technology (Sweden) |
CAGR | 6.7% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Multiphysics Software market throughout the predicted period.
COMSOL AB (Sweden), Ansys (United States), ADINA (United States), Rockstar (United States), Open Engineering s.a. (Belgium), Opera FEA Software - Dassault Systemes UK Ltd (United Kingdom), CFD Direct Limited (United Kingdom), MathWorks (United States) and Chalmers University of Technology (Sweden) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ESI Group (France) and Siemens Digital Industries Software (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Multiphysics Software market by Type and Region with country level break-up.
On the basis of geography, the market of Multiphysics Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2024,Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced it has entered into a definitive agreement to acquire BETA CAE Systems International AG, a leading system analysis platform provider of multi-domain, engineering simulation solutions.
In February 2024,Cadence Design Systems has launched a hardware/software (HW/SW) accelerated digital twin solution for multiphysics system design and analysis. Available in the cloud or on premises, its new Cadence Millennium M1 enterprise multiphysics platform targets one of the biggest opportunities for greater performance and efficiency, accelerating high-fidelity computational fluid dynamics (CFD) simulations.
Influencing Trend:
Technological Advancement over the Globe
Market Growth Drivers:
Various Benefits of Multiphysics Software
Challenges:
Lack of Awareness
Restraints:
Problems with the Convergence with the Finite Elements
Opportunities:
Growing Demand for Multiphysics Software from Educational Sector
Key Target Audience
Multiphysics Software Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others