ICT Industry Reports

According TechSci Research,  Global electric vehicle simulation, testing and design software market is expected to witness a growth of steady CAGR for the forecast period, 2022-2026. The growing demand for electric vehicles owing to the rise in consumer awareness about harmful environmental pollution and the increasing crude oil price is the key factor influencing the demand for electric vehicles across the globe. Strict government regulations and stringent emission standards are urging manufacturers to invest more in the production of electric vehicles with zero-emission. The surge in demand for cost-effective solutions to lower electric vehicle manufacturing expenses and training costs is a major driving factor contributing to the market growth. It also helps to test the possibilities of the electric vehicle by using advanced technologies such as augmented reality, virtual reality, and digital twin which in turn is expected to boost the global electric vehicle simulation, testin...