A virtual prototype, also known as a digital mock-up, is a computer simulation of a physical product that may be displayed, evaluated, and tested as if it were a real physical model from product life-cycle elements like design/engineering, production, service, and recycling. Virtual prototyping is the process of creating and testing a virtual prototype (VP).
In recent years, virtual prototyping has evolved as a computer-based simulation of systems with realism and accuracy to improve the design and, in some cases, to replace the physical prototype to save time and money. One of the primary objectives of automobile manufacturers is to enhance the design process and obtain a more realistic model before producing a prototype, which is expensive and often must be made multiple times before the design is complete. The usage of a virtual prototype is one solution to the problem. The focus is on enhancing suspension systems and introducing advanced active suspension systems, as one of the key objectives for upgrading design is to increase handling and comfort.
Automobile manufacturers concentrate on electronics hardware and software to create a more intelligent solution with fewer electromechanical elements and thus increase efficiency. Early design space exploration, electrical component selection, expensive prototypes, model availability, complex software development and integration, functional safety testing, and large-scale high bandwidth secure multi-protocol verification are just some of the challenges developers face in this race.
Synopsys' integrated virtual prototype tool for electric vehicles (EVs) is a multi-discipline solution that enables faster, more productive, and scalable development. The company also states that it is involved in everything from power electronics to software development and testing.
Multi-level fast simulation from abstract to high fidelity for detailed analysis, debug, analysis, and test functionality to support functional safety, hardware/software debug, variation analysis, coverage analysis, and calibration design tasks have been added to the integrated multi-discipline solution to support EV design with EV model libraries for power electronic, microcontrollers, and Autocar components, multi-level fast simulation from abstract to high fidelity for detailed analysis, debug analysis, and test functionality to support functional safety, hardware/software Application programming interfaces (APIs) are also available for integrating into various automotive workflows and technologies. Support for the functional mockup interface is also included (FMI).
The global electric vehicle virtual prototyping market is expected to reach $5,613.2 million by 2030, with a CAGR of 33.83% during the forecast period 2021-2030.
On-Premise to be the Largest Growing Category for Electric Vehicle Virtual Prototyping Deployment:
Based on deployment, the global electric vehicle virtual prototyping market has been categorized into on-premises and cloud. Several large enterprises have moved or shown intent to move toward a on-premises -based infrastructure. In competitive and regulated marketplaces, engineering teams produce high-tech equipment for demanding users. As a result, they must incorporate high-performance technology into ever-smaller yet durable enclosures, accessories, and packages. Under time pressure, this frequently results in difficult trade-offs.
North America to be the Largest Market for Electric Vehicle Virtual Prototyping Globally:
This report covers the global electric vehicle virtual prototyping market and consequently provides the revenue of the key regions, namely, North America, Europe, Asia-Pacific and Japan (APJ), China, the U.K., South America, and Middle East and Africa. The market is dominated by North America. A large number of companies in the manufacturing and industrial sectors coupled with high R&D budget, high adoption of technologies in design and development of products, significant government investment in public sectors, increasing adoption of virtual prototyping in electric vehicles are the major factors responsible for the growth of electric vehicle virtual prototyping in the region.
Key Market Players:
Synopsys, Altair Engineering, Inc., Claytex Services Ltd, dSPACE GmbH, Elektrobit Automotive GmbH, EOMYS Engineering, ESI Group, Siemens, Waterloo Maple Inc., Autodesk Inc., Cadence Design Systems, Inc., ANSYS Inc., PTC Inc, Arm Ltd, Dassault Systèmes SE.
Key Questions Answered in the Report:
• What are the key drivers and challenges in the global electric vehicle virtual prototyping?
• How does the supply chain function in the global electric vehicle virtual prototyping?
• Which vehicle type segment is expected to witness the maximum demand growth in the global electric vehicle virtual prototyping during 2021-2030?
• What are the key application areas for different product types that may experience high demand during the forecast period, 2021-2030?
• Who are the key suppliers of different electric vehicle virtual prototyping?
• What are the key offerings of the prominent service providers in the global market for electric vehicle virtual prototyping?
• Which regions and countries are leading in terms of consumption of global electric vehicle virtual prototyping, and which of them are expected to witness high demand growth from 2021 to 2030?
• What are the key consumer attributes in various regions for electric vehicle virtual prototyping?
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