Report Overview
Market Overview:
Enables engineers and manufacturers to plan and optimize welding procedures. Reduces trial-and-error costs by simulating different materials, joint configurations, and welding parameters.
Key Players:
Top global companies: ESI Group, Hexagon, Dassault Systèmes (Abaqus), JSOL Corporation, ABB, and others.
In 2023, the top three vendors accounted for approximately 46% of the total market revenue. This market is expected to grow due to increasing adoption in automotive, aerospace, and heavy machinery industries, where precision welding is critical for performance and durability.
Market Analysis
Market Highlights
Market Value (2023): US$ 65.8 million
Projected Value (2030): US$ 116.2 million
CAGR (2024-2030): 8.4%
Key Growth Drivers
Rising demand in automotive, aerospace, and heavy machinery industries for precision welding.
Reduction of trial-and-error costs through advanced simulation tools.
Adoption of AI and automation in welding technologies.
With top players like ESI Group, Hexagon, and Dassault Systèmes leading the market, the future of welding simulation software is poised for significant innovation and expansion.
