Market Research Report
Global Model Based Development (MBD) Market Report, History and Forecast 2017-2028
|Global Model Based Development (MBD) Market Report, History and Forecast 2017-2028|
Published: May 11, 2022
Content info: 152 Pages
Delivery time: 2-3 business days
The research report studies the Model Based Development (MBD) market using different methodologies and analyses to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
Due to the COVID-19 pandemic, the global Model Based Development (MBD) market size was value at US$ 2,419.89 million in 2021 and is forecast to be a readjusted size of US$ 6,163.13 million by 2028 with a CAGR of 15.87% during the forecast period 2022-2028.
The global main companies of Model Based Development (MBD) include Siemens, IBM, PTC, ETAS, MathWorks, dSPACE, NXP, Altair, Zuken, Gamma Technologies and Maplesoft, etc. In 2021, the global six largest players have a share approximately 56.90% in terms of revenue.
The North America Model Based Development (MBD) market size was US$ 874.55 million in 2021, while China was US$ 229.20 million. The proportion of the China was 9.47% in 2021 and it is predicted that the share will reach 11.09% in 2028, trailing a CAGR of 18.04% through the analysis period (2022-2028).
Fully considering the economic change by the COVID-19, On-premises accounting for 63.22% of the Model Based Development (MBD) global market in 2021, is projected to value US$ 3,185.11 million by 2028, growing at a revised 12.48% CAGR from 2022 to 2028. While Automotive segment is altered to an 16.86% CAGR throughout this forecast period (2022-2028) and will hold a share about 26.34% in 2028.
The global Model Based Development (MBD) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Model Based Development (MBD) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2017-2028.