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DUBLIN--(BUSINESS WIRE)--The "Global Electromagnetic Simulation Software Market - Growth, Trends and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The global electromagnetic simulation software market is estimated to grow at a CAGR of 9% over the forecast period 2020-2025.

Rising demand for consumer durables, electronics goods, and high-end technology products due to technological advancement and increased dependency on automation. Increasing penetration of the internet across the world has encouraged vendors to improve the speed and connectivity and has led to the development of 5G.

Market Highlights

The demand for low-cost, accurate, electromagnetic simulation software has grown rapidly during the last decade, in industrial, automotive, commercial, and communications systems. Increasing demand to upgrade the power infrastructure in developed countries to reduce the heat generated through thermal dissipation with the usage of electromagnetic transients' simulation is expected to drive the market. In 2020, Ameren, one of the largest utility companies in the United States, would spend USD 7.6 billion on a five-year grid modernization plan.

The updated power infrastructure utilizes a smart grid that uses computer technology to improve the communication, automation, and connectivity of the various components of the power network. The smart grids work on advanced technologies to modernize electricity networks, extending from the end-user to distribution and transmission. They use smart meters at the homes which are capable of two-way communication and provide information on supply and demand between producers and consumers. Electromagnetic simulation software is used to analyze the interference of the power-frequency magnetic field from the key parts of the smart meter and is expected to boost the market in the future. According to the IEA report, smart meter deployed has advanced considerably in recent years, as China is in the midst of the full deployment, and Japan, Spain, and France are poised to achieve full rollouts in the next few years.

Mobile devices are becoming thinner, smaller, and more complex with every generation with better performance and more frequency bands to meet the high demand of consumers. The market players are expanding their manufacturing capacity to meet the demand with adequate supply. For instance, in 2020, Samsung has invested USD 500 million to intensify operations in India. The company would set up a manufacturing plant on the outskirts of New Delhi to produce displays for smartphones as well as a wide range of other electronic devices. Electromagnetic simulation software is employed to measure the antenna efficiency and return loss of a smartphone, and the demand for smartphones is expected to drive the market.

Market Trends

Telecommunications Sector Will Experience Significant Growth

North America Will Hold a Significant Market Share

Competitive Landscape

The global electromagnetic simulation software market is concentrated and dominated by a few major players like Remcom, Altair Engineering, Mician, Sonnet Software, and ElectroMagneticWorks. These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries.

These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Recent Developments

Key Topics Covered

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Increasing Utilization of Solver Tools to Handle a Multitude of Component Shapes and Sizes

4.2.2 Growing Applications in RF Module, MMIC, and RFIC Design

4.3 Market Restraints

4.3.1 Complexity Regarding Computationally-Intensive Processing Required by Simulators

4.4 Value Chain / Supply Chain Analysis

4.5 Porter's Five Force Analysis

4.6 Industry Value Chain Analysis

4.7 Assessment of COVID-19 Impact on the Industry

5 METHODS OF ELECTROMAGNETIC SIMULATION

5.1 Integral or Differential Equation Solvers

5.1.1 Methods of Moments (MOM)

5.1.2 Multilevel Fast Multipole Method (MLFMM)

5.1.3 Finite Difference Time Domain (FDTD)

5.1.4 Finite Element Method (FEM)

5.2 Asymptotic Techniques

5.2.1 Physical Optics (PO)

5.2.2 Geometric Optics (GO)

5.2.3 Uniform Theory of Diffraction (UTD)

5.3 Other Numerical Methods

6 RELEVANT USE-CASES & CASE STUDIES

(Major use-cases and case studies such as Surrogate Models for Antenna Placement on Large Platforms, Development of Wireless Sensors to Detect Lightning, among others, will be discussed)

7 KEY APPLICATION AREAS

(Qualitative Analysis pertaining to major applications such as 5G MIMO, Circuit co-simulation, among others, will be provided)

7.1 Antenna Design and Analysis

7.2 Mobile Device

7.3 Automotive Radar

7.4 Biomedical

7.5 Wireless Propagation

7.6 Others

8 MARKET SEGMENTATION

8.1 Geography (Revenue in USD million as a part of the Market study)

8.1.1 North America

8.1.2 Europe

8.1.3 Asia-Pacific

8.1.4 Rest of the World

9 COMPETITIVE LANDSCAPE - KEY VENDOR PROFILES

(Business Segments, Products & Strategies, SWOT Analysis, Recent Developments)

9.1 Company Profiles

9.1.1 Remcom Inc.

9.1.2 EMPIRE (IMST GmbH)

9.1.3 Altair Engineering Inc.

9.1.4 WIPL-D d.o.o.

9.1.5 Mician GmbH

9.1.6 Sonnet Software, Inc.

9.1.7 ElectroMagneticWorks, Inc.

9.1.8 COMSOL Inc.

9.1.9 Keysight Technologies

9.1.10 ANSYS, Inc.

9.1.11 Dassault Systmes SE

9.1.12 Cadence Design Systems, Inc.

9.1.13 ESI Group

10 COMPARATIVE ANALYSIS

(Comparison of major Electromagnetic Simulation software will be provided, based on metrics such as License, GUI, and Algorithm, among others)

11 INVESTMENT ANALYSIS

12 FUTURE OF THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/5cwpi0

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Electromagnetic Simulation Software Markets, 2020-2025: Industry Outlook, Case Studies, Key Application Areas, Competitive Landscape Analysis -...