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Global Model Based Development (MBD) Market Growth (Status and Outlook) 2025-2031

Global Model Based Development (MBD) Market Growth (Status and Outlook) 2025-2031

Product Code:1249548

Published Date: Jan 02,2025

Pages: 135

Region: Global

Category: Service & Software

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The global Model Based Development (MBD) market size is predicted to grow from US$ 3253 million in 2025 to US$ 8351 million in 2031; it is expected to grow at a CAGR of 17.0% from 2025 to 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.

Global key players of Model Based Development (MBD) include Siemens, IBM, PTC, ETAS, MathWorks, etc. The top five players hold a share over 56%. North America is the largest market, has a share about 36%. The second and third places are Europe and Asia-Pacific, with share 33% and 27%, separately. 
In terms of product type, On-premises is the largest segment, occupied for a share of 65%.At the same time, in terms of applications, automobiles are the largest application field, accounting for 26%.

LPI (LP Information)' newest research report, the “Model Based Development (MBD) Industry Forecast” looks at past sales and reviews total world Model Based Development (MBD) sales in 2024, providing a comprehensive analysis by region and market sector of projected Model Based Development (MBD) sales for 2025 through 2031. With Model Based Development (MBD) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Model Based Development (MBD) industry.

This Insight Report provides a comprehensive analysis of the global Model Based Development (MBD) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Model Based Development (MBD) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Model Based Development (MBD) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Model Based Development (MBD) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Model Based Development (MBD).

This report presents a comprehensive overview, market shares, and growth opportunities of Model Based Development (MBD) market by product type, application, key players and key regions and countries.

Segmentation by Type:
    On-premises
    Cloud Based

Segmentation by Application:
    Automotive
    Electronics and Semiconductor
    Aerospace and Defence
    Medical
    Industrial
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Siemens
    IBM
    PTC
    ETAS
    MathWorks
    dSPACE
    NXP
    Altair
    Zuken
    Gamma Technologies
    Maplesoft
    BTC
    Model Engineering Solutions
    PikeTec
    Vector Informatik
    Sparx Systems