Electromagnetic Simulation Software Market: Introduction

  • Electromagnetic simulation is an innovative technology for simulating electromagnetic devices built on different simulation techniques. In the field of electronics, electromagnetic simulation is mostly used by engineers and designers.
  • Electromagnetic simulation software allows engineers to examine the electromagnetic properties of whole systems or components efficiently. The software poses various advantages such as wide frequencies range and electrically huge structures with very fine detail.
  • Electromagnetic simulation software is a game-changer when it comes to reducing the cost and time of bringing a product to market, not just in high tech industries of electronics, but also in transportation, defense, life science, and aerospace. Electromagnetic simulation software analysis ranges from individual components such as sensors, antennas, and chips, to entire devices, including MRI, smartphones, and aircraft.
  • The electromagnetic simulation software process is majorly adopted by the electronics and telecommunication industry to improve operational efficiency and compliance management. Increasing demand for electromagnetic simulation software in different industries is expected to boost market growth during the forecast period.
electromagnetic simulation software market size and forecast

Electromagnetic Simulation Software Market: Dynamics

Electromagnetic Simulation Software Market: Key Drivers

  • Electromagnetic simulation software provides complete workflow for the design and optimization of RF and microwave components. Dedicated simulation technology simplifies tuning, synthesis, and analysis of microwave filters.
  • Electromagnetic simulation software combines with electromagnetic field simulators with harmonic balance and transitory circuit programs.
  • Electromagnetic simulation software uses the MoM algorithm mostly to simulate the electromagnetic effects of dielectric and metallic structures. The software is used for antenna design and placement on airplanes, boats, cars, and missiles. The simulator also aims for electromagnetic compatibility testing for transmission lines. 
  • However, small & medium-sized enterprises are budget constrained and cannot afford high initial investments for adopting electromagnetic simulation software, which restrains the market.
  • Lack of awareness about the benefits of electromagnetic simulation software & process automation tools among small & medium enterprises is also expected to hamper the growth of the market.
electromagnetic simulation software market growth trend

Impact of COVID-19 on the Electromagnetic Simulation Software Market

  • Most companies are adopting the work from home module during the pandemic period. Companies are decreasing their investment in new technologies and services to manage their profitability. Most small businesses closed their business process due to lack of funds to sustain in the market.
  • Demand for electromagnetic simulation software is decreasing during the COVID-19 lockdown situation but is expected to grow after the situation eases due to an increase in dependency of commercial sectors and services.

North America to Hold Major Share of the Electromagnetic Simulation Software Market

  • In terms of region, the global electromagnetic simulation software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
  • North America holds a prominent share of the electromagnetic simulation software market due to the presence of leading players and the early adoption of advanced technologies and services in different industries in the region
electromagnetic simulation software market size by competition landscape

Key Players Operating in the Global Electromagnetic Simulation Software Market

  • Dassault Systemes SE

Dassault Systemes SE was incorporated in 1981 and is headquartered in Velizy-Villacoublay, France. The company is a global leader in providing software application services designed to support clients’ company improvement processes. The company deals in 3D digital mock-up, 3D design software, and product life cycle management. The company’s top-line growth largely depends on mobility, aerospace, industrial equipment, and the defense industry.

  • ESI Group

ESI Group was incorporated in 1973 and is headquartered in Rungis, France. The company develops, designs, and sells virtual prototyping software. It provides a solution in virtual engineering that simulates the manufacturing process for sheet materials, composite, casting, sheet materials forming, assembly, and welding. The company provides software solutions that include 3D immersive design reviews, optimizes assembly and disassembly sequences, and supports documentation and workflow training/animation.

Other key players operating in the global electromagnetic simulation software market include Remcom, Inc., Empire (IMST GmbH), Altair Engineering, Inc., WIPL-D d.o.o., Mician GmbH, Sonnet Software, Inc., ElectroMagneticWorks, Inc., COMSOL, Inc., Keysight Technologies, ANSYS, Inc., and Cadence Design Systems, Inc.

Electromagnetic Simulation Software Market: Research Scope

Electromagnetic Simulation Software Market, by Component

  • Software
    • Circuit Simulator
    • Field Simulator
  • Services
    • Professional Services
      • Consulting
      • Support & Maintenance
    • Managed Services

Electromagnetic Simulation Software Market, by Frequency

  • Low Frequency
  • High Frequency

Electromagnetic Simulation Software Market, by Application

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

Electromagnetic Simulation Software Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Electromagnetic Simulation Software Market