Power Electronics Software Market Analysis and Future Investment 2034
Global Power Electronics Software Market Growth, Size, Trends Analysis- By Technology, By Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Sep-2025 | Report ID: IACT25159 | Pages: 1 - 274 | Formats*: |
| Category : Information & Communications Technology | |||
Global Power Electronics Software Market Introduction and Overview
According to SPER Market Research, the Global Power Electronics Software Market is estimated to reach USD 9.28 billion by 2034 with a CAGR 10.06%.
The report includes an in-depth analysis of the Global Power Electronics Software Market, including market size and trends, product mix, Applications, and supplier analysis. The global Power Electronics Software Market was valued at USD 3.56 billion in 2024 and is expected to grow at a CAGR of over 10.06% from 2025 to 2034. The power electronics software market is growing due to rising demand for efficient power management in EVs, renewable energy, and industrial automation. Advancements in simulation, control, and embedded design tools support this growth, as engineers seek accurate platforms for design, validation, and optimization. Increasing system complexity and the need for real-time simulation and hardware-in-the-loop testing further drive adoption across automotive, aerospace, and energy sectors. The global shift toward electrification, along with stricter energy efficiency regulations, reinforces the need for advanced software to manage power systems, battery optimization, and regulatory compliance.
By Technology:
The Model-Based Design segment leads the market due to its ability to create detailed virtual models of complex telecom networks and analytics workflows. This enables accurate simulation and performance testing across various scenarios, reducing development time and minimizing operational risks. Offering a unified platform for design, validation, and optimization, it enhances proactive network management and supports better decision-making amid growing data and dynamic traffic. Meanwhile, the Hardware-In-The-Loop simulation segment is growing rapidly, as it allows real-time testing of analytics within hardware-replicated environments, accelerating innovation and ensuring reliable integration of emerging technologies.
By Type:
Design software dominated the power electronics software market, driven by its ability to equip telecom engineers with tools to build and tailor analytics solutions for diverse network requirements. These platforms support scalable data processing and adaptable analytics models, aligning with varying topologies and service needs. Their precision and flexibility help operators optimize performance and customer experience. Meanwhile, simulation software is expected to grow fastest, as telecom providers turn to predictive modeling for testing traffic, faults, and service impacts. Rising 5G adoption and IoT proliferation fuel demand for robust, scalable simulation capabilities.
By Application:
The industrial sector held the largest share of the power electronics market in 2024, driven by its widespread use of telecom analytics in managing industrial IoT, smart manufacturing, and automation systems. These analytics enable real-time monitoring, predictive maintenance, and process optimization, helping reduce downtime and boost efficiency. Given the complexity of industrial networks, robust analytics are essential for ensuring safety, regulatory compliance, and continuous operations. Meanwhile, the automotive sector is projected to grow most rapidly, as connected and autonomous vehicles increasingly rely on telecom analytics for real-time data, V2X communication, predictive diagnostics, and traffic optimization. This integration supports advanced, low-latency automotive systems and intelligent transportation networks.
Regional Insights:
North America led the power electronics software market in 2024, supported by its advanced telecom infrastructure, early tech adoption, and presence of major industry players. Investments in 5G, cloud computing, and AI-powered analytics enhance network performance and customer experience, while strong data privacy regulations promote advanced analytics use. Meanwhile, the Asia Pacific region is expected to grow at the fastest rate, driven by urbanization, rising mobile users, and government digital initiatives. Telecom providers increasingly adopt analytics to manage complex networks, enable 5G, support IoT and AI, and boost real-time decision-making and efficiency.
Market Competitive Landscape:
The global Power Electronics Software Market is moderately fragmented. some of the market key players are The MathWorks, Inc., Keysight Technologies, Cadence Design Systems, Inc., Synopsys, Inc., Altair Engineering Inc., National Instruments Corp., Renesas Electronics Corporation, Infineon Technologies AG, dSPACE GmbH, and Siemens.
Recent Developments:
In June 2025, Infineon Technologies AG partnered with Typhoon HIL to offer a fully integrated platform for xEV powertrain testing, enabling precise HIL simulation of chargers, motor drives, battery systems, and power electronics using Infineon’s AURIX TC3x and TC4x microcontrollers.
In March 2025, dSPACE launched XSG Power Electronics Systems software, supporting HIL simulation of switching frequencies up to 500 kHz. It features pre-built power electronics models, enabling fast simulation setup and efficient validation of EV and HEV systems.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Technology, By Type, By Application |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | The MathWorks, Inc., Keysight Technologies, Cadence Design Systems, Inc., Synopsys, Inc., Altair Engineering Inc., National Instruments Corp., Renesas Electronics Corporation, Infineon Technologies AG, dSPACE GmbH, and Siemens. |
Key Topics Covered in the Report
- Global Power Electronics Software Market Size (FY’2021-FY’2034)
- Overview of Global Power Electronics Software Market
- Segmentation of Global Power Electronics Software Market By Technology (Rapid Control Prototyping (RCP), Embedded System Prototyping, Model-Based Design (MBD), Hardware-In-The-Loop (HIL) Simulation, Others)
- Segmentation of Global Power Electronics Software Market By Type (Control Software, Design Software, Analysis Software, Simulation Software)
- Segmentation of Global Power Electronics Software Market By Application (Industrial, Consumer Electronics, Automotive, Renewable Energy, Aerospace & Defense, Others)
- Statistical Snap of Global Power Electronics Software Market
- Expansion Analysis of Global Power Electronics Software Market
- Problems and Obstacles in Global Power Electronics Software Market
- Competitive Landscape in the Global Power Electronics Software Market
- Details on Current Investment in Global Power Electronics Software Market
- Competitive Analysis of Global Power Electronics Software Market
- Prominent Players in the Global Power Electronics Software Market
- SWOT Analysis of Global Power Electronics Software Market
- Global Power Electronics Software Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Power Electronics Software Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Power Electronics Software Market
7.Global Power Electronics Software Market, By Technology, (USD Million) 2021-2034
7.1.Rapid Control Prototyping (RCP)7.2.Embedded System Prototyping7.3.Model-Based Design (MBD)7.4.Hardware-In-The-Loop (HIL) Simulation7.5.Others
8.Global Power Electronics Software Market, By Type, (USD Million) 2021-2034
8.1.Control Software8.2.Design Software8.3.Analysis Software8.4.Simulation Software
9.Global Power Electronics Software Market, By Application, (USD Million) 2021-2034
9.1.Industrial9.2.Consumer Electronics9.3.Automotive9.4.Renewable Energy9.5.Aerospace & Defense9.6.Others
10.Global Power Electronics Software Market, (USD Million) 2021-2034
10.1.Global Power Electronics Software Market Size and Market Share
11.Global Power Electronics Software Market, By Region, 2021-2034 (USD Million)
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile
12.1.The MathWorks, Inc.
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.Keysight Technologies
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.Cadence Design Systems, Inc.
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.Synopsys, Inc.
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.Altair Engineering Inc.
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.NATIONAL INSTRUMENTS CORP.
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.Renesas Electronics Corporation
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.Infineon Technologies AG
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.dSPACE GmbH
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.Siemens
12.10.1.Company details12.10.2.Financial outlook12.10.3.Product summary12.10.4.Recent developments
12.11.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Power Electronics Software Market is projected to reach USD 9.28 billion by 2034, growing at a CAGR of 10.06% during the forecast period.
Power Electronics Software Market size from 2025. The Market is expected to reach USD 9.28 billion by 2034, at a CAGR of 10.06% during the forecast period.
Power Electronics Software Market CAGR of 10.06% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Power Electronics Software Market size is USD 9.28 billion from 2025 to 2034.
Power Electronics Software Market covered By Technology, By Type, By Application
The North America is anticipated to have the highest Market share in the Power Electronics Software Market.
The MathWorks, Inc., Keysight Technologies, Cadence Design Systems, Inc., Synopsys, Inc., Altair Engineering Inc., National Instruments Corp., Renesas Electronics Corporation, Infineon Technologies AG, dSPACE GmbH, and Siemens.
The report includes an in-depth analysis of the Global Power Electronics Software Market, including market size and trends, product mix, Applications, and supplier analysis.
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