MathWorks Release 2024b of MATLAB and Simulink: Enhancements designed to scale, automate, and streamline key aspects of the workflow

New Apps and Features SHARPENS the Development of SIGNAL PROCESSING APPLICATIONS. When CAE player and mathematical computing software developer MathWorks releases new software versions, it's always of great interest. The company's solutions can be found in many places and is one of the dominant players in its field with MATLAB, a programming environment for algorithm development, data analysis, visualization and numerical computation, and Simulink, which is a block diagram environment for simulation and model-based design of multi-domain and embedded engineering system.
Interestingly in the Simulink context, MathWorks also offers an MBSE tool, Simscape, which leverages the Simulink System Composer core module. MBSE stands for Model Based Systems Engineering and is a systems engineering approach that uses models to represent different aspects of a system throughout its life cycle, from concept to retirement. In MBSE, a model is a simplified representation of a system that captures its key properties and behavior. The model can be used to analyze the system, simulate its behavior and test its performance under different conditions. Simscape is spanning mechanical, electrical, hydraulic and other physical domains and its models can be deployed to other simulation environments, including hardware-in-the-loop (HiL) systems, via automatic C code generation.
With these solutions and others, MathWorks has taken a position as the market's number two in terms of annual revenue on the commercial simulation and analysis side behind Ansys. In recent years, according to CIM data, it has had a market share of around 13-14 percent with annual revenues in the region of $1.3 billion.
Especially in emerging areas such as embedded applications/controls, data analytics, AI and ML, MathWorks is globally recognized as a leader. The company actually has over a million MATLAB users worldwide in both industry and academia. It also has a significant ecosystem of third-party developers of over 500 solutions based on MATLAB and Simulink covering a wide range of advanced products, including automotive systems, flight controls and avionics, telecommunications and more.
This said as a backdrop to MathWorks recently announced Release 2024b of MATLAB and Simulink. R2024b introduces several major updates that streamline the workflows of engineers and researchers working with wireless communication systems, control systems, and digital signal processing applications.
In general, in addition to product improvements to the MathWorks platform, R2024b contains major updates to the MATLAB and Simulink tools in particular. PLM&ERP News today takes a quick look at the most important pieces of this.
"An organization's ability to deliver high-quality, reliable and secure products underscores the critical role of simulation and model-based design," comments MathWorks VP of Design Automation, Andy Grace.