Simulation software provides a rich training experience to the user for various end-user applications, without using any physical asset and loss to the company. This is a key factor expected to boost market growth over the forecast period, noted Morder Intelligence.
It used to be that simulation (SIM) software was by manufacturers mainly to tweak production lines. In recent years, manufacturers have up the ante using advanced SIM software test new concepts, accelerate product development, and demonstrate regulatory compliance.
The new uses mean spending on SIM solutions will go up to US$2.6 billion in 2025 as noted in the ABI Research report, Industrial Simulation Use Cases: How Simulation Software Benefits Manufacturers’ Operations.
Tradition calls for the use of SIM software when there is uncertainty about making changes to a production line or when building a brand-new line is too expensive. This is to minimise costly downtimes which lower operational efficiencies and impact a manufacturer’s reputation for timely delivery.
“But now, new use cases have proven that by investing in simulation software, manufacturers can identify and solve issues in advance. Simulation software can also be used to simulate how components work together in creating new products and simulating process flows to demonstrate compliance,” explains Michael Larner, Principal Analyst at ABI Research.
General Dynamic (NASSCO) using AnyLogic tech to improve its handling of the thousands of parts flowing though their shipyards. Electrolux using 3D modelling tool from Siemens to identify operational efficiencies.
Trailer-truck maker, Globe Trailers uses Dassult Systemes’ 3DEXPERIENCE platform to accelerate the processes for bringing new trailers to market. To help gas plants meet environmental requirements, engineering and construction firm, Fluor uses AspenTech’s Aspen HYSYS with Sulsim for its sulfur tracking technologies.
The more complex the production line and the engineering process, the greater the demand for simulation software. “Testing in the digital world before going live on the factory floor becomes critical when mistakes are possible and expensive to rectify,” said Larner.
Manufacturers are taking note. The global total for the number of simulation software users will grow from 60,000 in 2018, to 110,000 at the end of 2025, and 172,000 at the end of 2030.
Manufacturers need to invest in simulation software to identify and understand risk. “The strongest argument for simulation software is about ROI. The financial and reputational costs associated with a failure on the production line can be catastrophic,” Larner concluded.