Model Based Development Market

The global Model Based Development (MBD) market was valued at US$ 2620.1 million in 2023 and is projected to reach US$ 7269.6 million by 2030, at a CAGR of 15.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global key players of model based development (MBD) player in global market include siemens, IBM and PTC. Global top three manufacturers hold a share about 46%. In terms of product, on-premises is the largest segment, with a share about 65%. And in terms of application, the largest application is automotive, with a share about 26%.

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.

Model Based Development Market aims to provide a comprehensive presentation of the global market for Model Based Development (MBD), 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). Model Based Development Market contains market size and forecasts of Model Based Development (MBD) in global, including the following market information:

Global Model Based Development (MBD) Market Revenue, 2019-2024, 2025-2030, ($ millions)

Global top five companies in 2023 (%)

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Model Based Development (MBD) 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 Development (MBD) Market, by Type, 2019-2024, 2025-2030 ($ millions)

Global Model Based Development (MBD) Market Segment Percentages, by Type, 2023 (%)

On-premises

Cloud Based

Global Model Based Development (MBD) Market, by Application, 2019-2024, 2025-2030 ($ millions)

Global Model Based Development (MBD) Market Segment Percentages, by Application, 2023 (%)

Automotive

Electronics and Semiconductor

Aerospace and Defence

Medical

Industrial

Others

Global Model Based Development (MBD) Market, By Region and Country, 2019-2024, 2025-2030 ($ Millions)

Global Model Based Development (MBD) Market Segment Percentages, By Region and Country, 2023 (%)

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 Development (MBD) revenues in global market, 2019-2024 (estimated), ($ millions)

Key companies Model Based Development (MBD) revenues share in global market, 2023 (%)

Further, the report presents profiles of competitors in the market, key players include:

Siemens

IBM

PTC

ETAS

MathWorks

dSPACE

NXP

Altair

Zuken

Gamma Technologies

Maplesoft

BTC

Model Engineering Solutions

PikeTec

Vector Informatik

Sparx Systems

Outline of Major Chapters:

Chapter 1: Introduces the definition of Model Based Development (MBD), market overview.

Chapter 2: Global Model Based Development (MBD) market size in revenue.

Chapter 3: Detailed analysis of Model Based Development (MBD) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: 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 5: 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 6: Sales of Model Based Development (MBD) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: The main points and conclusions of the report.