Model based development (MBD) is a development methodology based on V-cycle. The model based approach enables a developer to simulate the models for the complex control processes. These software models can be tested to assess the performance in real-time.
This report contains market size and forecasts of Model-Based Product Development in Global, including the following market information:
Global Model-Based Product Development Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Model-Based Product Development market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Software Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Model-Based Product Development include Siemens, MathWorks, dSPACE, ETAS, Zuken, iBASEt, Embitel, PERSOL and PTC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Model-Based Product Development companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Model-Based Product Development Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Model-Based Product Development Market Segment Percentages, by Type, 2021 (%)
Software
Service
Global Model-Based Product Development Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Model-Based Product Development Market Segment Percentages, by Application, 2021 (%)
Automotive
Electronics and Semiconductor
Aerospace and Defence
Medical
Industrial
Others
Global Model-Based Product Development Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Model-Based Product Development Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Model-Based Product Development revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Model-Based Product Development revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Siemens
MathWorks
dSPACE
ETAS
Zuken
iBASEt
Embitel
PERSOL
PTC
NXP
Sparx Systems
Vector Informatik
IBM
BTC
MES
Reactive Systems
PikeTec