EV Virtual Prototyping Market is Expected to Reach ,613.2 Million by 2030

Posted by BIS RSRCH on February 24th, 2022

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.

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Most of the active suspension research has been based on physical principles, with a control algorithm applied to a quarter car model using simulation software. Using techniques known as hardware on the loop is another way to evaluate active suspension. Any upgrades or improvements necessitate replacing the hardware, which can be quite costly. A thorough investigation can be carried out by obtaining a virtual prototype. Having a virtual prototype of a complete car model makes it easy to experiment with different scenarios, swiftly animate the vehicle\'s behavior and plot the dynamic outcomes.

Increasing demand for effective solutions to reduce production and training costs and increasing capabilities of electric vehicle virtual prototyping toward advanced technologies such as AR/VR, digital twins, and 3D printing are fueling the growth of the global electric vehicle virtual prototyping market.

The ADAS and autonomous system segment held the major share of $XX million in the global electric vehicle virtual prototyping market in 2020. As autonomous vehicle technology becomes more widely used on public roads, verifying and testing the systems\' safe operation becomes increasingly important. Each of these three difficulties must be examined to see how algorithms respond. By reducing prototype costs, enhancing accessibility, and increasing virtual integration steps, adding a virtual development layer can help prepare safe systems for launch. Virtual Test Drive (VTD), a product by MSC (Hexagon), overcomes challenges by allowing engineers to test code and stack adjustments almost instantly, quickly record and access data, and perform a variety of scenarios.

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).

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The development and acceptance of VP tools are being driven by these benefits. VP is being used by businesses and industrial producers to replace traditional physical testing of product models. Physical testing took more time and cost a lot of money. Virtual prototype solutions allow businesses to improve product testing accuracy while also improving ergonomics and usability. This reason is propelling the global virtual prototype market forward. Virtual prototyping is a software-based engineering method for virtually building, replicating, and testing a prototype under real-world conditions. Manufacturers have boosted product affordability by incorporating technology such as computer-aided design (CAD), simulation tools, and virtual reality (VR) with (VP) tools. Virtual prototype simulation also helps with effective manufacturing line and plant layout planning.

The traditional product development method used to take a long time because it included building a physical prototype and then transporting it to a lab for testing. The testing was carried out to identify weaknesses, which were subsequently redesigned or reconfigured. This cycle took a long time and resulted in unnecessary delays in the development timetable. At the same time, this technique has proven to be quite useful in removing any extra defects from the design optimization process. This was accomplished by allowing for design changes and virtual testing, which helped reduce development costs and time.