The Market Reports

Synopsis
The global market for Model Based Development (MBD) was estimated to be worth US$ 3326 million in 2024 and is forecast to a readjusted size of US$ 9493 million by 2031 with a CAGR of 16.4% during the forecast period 2025-2031.
Model based development (MBD) is a software 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.
Model-based development is a design and development method that models, simulates, and then verifies controls and controlled objects that make up systems. Through model-based development, verification can be done during the design process, which reduces rework in the verification process, thereby significantly reducing development hours and improving quality. Model-based development methods are used not only in the design process but also in the verification process. By modeling the verification environment, various types of verification can be performed.
Currently, model-based development is being used in a variety of products. It has been implemented mainly in the development of in-vehicle systems but is also being used in a wide range of other fields such as medical equipment and robotics. It is expected to be introduced in a variety of fields in the future.
Market Drivers
Complexity Management: MBD enables engineers to visualize and simulate intricate systems early in the development process, facilitating better management of complex system architectures and interactions.
Accelerated Development Cycles: By allowing early validation and automatic code generation, MBD reduces development time and enhances system reliability, leading to faster time-to-market.
Regulatory Compliance: Industries with stringent safety and quality standards, such as automotive and aerospace, benefit from MBD's ability to provide traceability and documentation necessary for compliance.
Integration with Emerging Technologies: The incorporation of artificial intelligence and machine learning into MBD tools enhances predictive capabilities and design optimization, aligning with the needs of modern, intelligent systems.
Market Challenges
High Implementation Costs: The initial investment in MBD tools, infrastructure, and training can be substantial, posing a barrier for small and medium-sized enterprises.
Steep Learning Curve: Adopting MBD requires a shift from traditional development methodologies, necessitating significant training and change management efforts.
Toolchain Integration Issues: Lack of standardization and interoperability among different MBD tools can lead to integration challenges, affecting collaboration and efficiency.
Model Complexity Management: As systems grow in complexity, maintaining and validating large-scale models becomes increasingly challenging, requiring robust model management strategies.
This report aims to provide a comprehensive presentation of the global market for Model Based Development (MBD), focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Model Based Development (MBD) by region & country, by Type, and by Application.
The Model Based Development (MBD) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Model Based Development (MBD).
Market Segmentation
By Company
Siemens
IBM
dSPACE
Altair
Zuken
Maplesoft
Sparx Systems
Renesas Electronics
Collimator
Synopsys
Embitel
ALTEN Global
Array of Engineers
Spyrosoft
ITPower Solutions
Model Engineering Solutions
Oxeltech
SANEI HYTECHS
LHP
IAST Software Solutions
Macnica
Segment by Type
Software
Service
Segment by Application
Automotive
Electronics and Semiconductor
Aerospace and Defence
Medical
Industrial
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Model Based Development (MBD) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Model Based Development (MBD) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Model Based Development (MBD) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index