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March 03, 2003
Virtual Prototyping and Simulation Market Poised for Significant Growth
Please note that contributed articles, blog entries, and comments posted on MCADcafe.com are the views and opinion of the author and do not necessarily represent the views and opinions of the management and staff of Internet Business Systems and its subsidiary web-sites.
source: Daratech (2/28/03)
It may represent only a subset of the product lifecycle management (PLM) sector, but in the increasingly important area of
virtual prototyping and simulation, the growth opportunities are significant, with analysts estimating an average
annual
growth rate of 11.5% over the next five years to reach nearly $2.5
billion in 2007. In particular, systems performance
modeling (defined as the segment of the digital prototyping and simulation market that includes solvers plus pre-and
post-processors for CFD, crash, dynamics and motion, forging and mold design, durability and fatigue, heat transfer and
thermal interactions, NVH (noise, vibration, and harshness), and control systems design, as well as analysis optimization,
process modeling and results visualization) will enjoy vigorous growth of 14% annually over the next five years, topping
$1.4 billion in 2007, according to Daratech, the Cambridge, MA-based market research and technology assessment firm.
Factors driving growth in this breakout segment of the digital prototyping (CAE) market include: the pressures on
manufacturers to spend less on product development and shorten time-to-market by reducing physical prototype
counts. According to Daratech, also spurring investment in digital prototyping is the rapidly improving price/performance of
high-performance computers, together with better-quality deployment, implementation and training, as well as growing user
and management confidence in simulation accuracy and correlation with physical test results.
The bottom line? There's "money to be made and money to be saved" using the latest virtual prototyping and simulation tools,
particularly with respect to bridging the worlds of physical and virtual test. In this area, the companies to watch
include: MSC Software (which acquired market leader, Mechanical Dynamics, Inc. last year), LMS
International, ESI Group,
ANSYS Corp., MTS Systems Corporation, Fluent, Altair Engineering, and CFX (recently acquired by ANSYS
Corp.) as well as the
leading CAD/CAM, CAE PLM providers - IBM/Dassault Systemes, EDS-PLM Solutions, and PTC.
Interested in learning more? Mark your calendars for the upcoming conference,
daratechiDPS2003-- Intelligent Digital
Prototyping Strategies, currently scheduled for June 9-10, 2003 in Novi, MI.
Another valuable source of information about this topic is the online resource, SmartSim Community, launched by MTS Systems
Corporation, Mechanical Dynamics Inc. (MDI) and nCode International. Created in response to the automotive industry's demand
for accelerated vehicle performance evaluation, the SmartSim Community was established by its founders to research and
develop effective methods for sharing and using engineering data through integrated physical and virtual prototyping.
Comments? Feedback?
Email Contact to tell us what you think about this topic or if you have additional information you'd like to share on this subject!
Amy Rowell is the managing editor of MCADCafe, and the editor of MCAD Weekly Review.
p.s. This week, March 3-6th, 2003 MCADCafe will be attending the National Design and Engineering Show (NDES), in Chicago. So
stay tuned for important industry announcements and product news, as well as additional coverage and conference highlights.
Top Stories
ANSYS Completes Acquisition of CFX [26 Feb 2003]
Autodesk Reports Fourth Quarter Results [25 Feb 2003]
CIMData PLM Conference: "Unleashing the Value of Your Intellectual Assets" Set for June 23-25, 2003 [25 Feb 2003]
EDS Announces New Solutions Strategy for Flagship Product Lifecycle Management (PLM) Teamcenter(R) Portfolio [25 Feb 2003]
HP Reports 1st Quarter 2003 Results [25 Feb 2003]
SAP Improves Sourcing Strategies, Reduces Process Costs, and Compresses Cycle Times in Growing Number of Global Companies [26 Feb 2003]
Systems Performance Modeling Leads Digital Prototyping Market Growth According to Daratech [27 Feb 2003]
Product and Company News
Cimatron Reports Improved Fourth Quarter Results; Positive Net Income in Q4 and Year End 2002 [26 Feb 2003]
Documentum Delivers eRoom Enterprise [24 Feb 2003]
EdgeCAM 7.5 Shows its Metal [25 Feb 2003]
EdgeCAM Endorsed for Autodesk Inventor 6 [25 Feb 2003]
EDS PLM Solutions Extends its Edge in Managed Design Collaboration with Solid Edge Insight.NET Version 14 [24 Feb 2003]
Engineous Software and HP Host Online Course To Help Improve Design for Six Sigma Strategies [24 Feb 2003]
Fakespace Systems Teams with Xi Graphics to Expand Availability of Linux-Based Immersive Visualization [25 Feb 2003]
Javelin Named Top SolidWorks. Reseller in Canada [27 Feb 2003]
Latest release of D-Cubed's CDM [24 Feb 2003]
[
Special Notices
Call For Papers - TCT 2003 Deadline: March 21, 2003 [27 Feb 2003]
Documentum to Host Online Seminar on eRoom Enterprise [24 Feb 2003]
Resinate Featured in Autodesk Inventor Software Booth Demonstrations at National Design Engineering Show and Conference [26 Feb 2003]
Customer Wins
Dassault Systemes Teams with the University of Durham and Oregon State University on PLM Awareness Project [25 Feb 2003]
Forgecast Adopts Virtual Product Development Software and Services From MSC.Software to Drive Forging Process Design [25 Feb 2003]
Rockwell Collins Chooses FroTools for Paperless Initiative at its Kaiser Electro-Optics Business [25 Feb 2003]
White Papers
Recommended Reading
You can find the full MCADCafe event calendar here.
To read more news, click here.
-- Amy Rowell, MCADCafe.com Contributing Editor.
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