The Automotive Crash Impact Simulator (Acis) Market is expected to grow at a CAGR of 11.63% to reach USD 741.5 million by 2028. In today's highly competitive automotive industry, Original Equipment Manufacturers (OEMs) are continually seeking ways to reduce their Time-to-Market (TTM) factors to gain a competitive edge. Parallel computing and advanced software solutions have emerged as crucial tools to achieve this goal. Altair Engineering Inc. and Intel Corp., in collaboration, have developed a cutting-edge crash simulation code that significantly reduces virtual crash test cycle times. This innovation, named the Automotive Crash Impact Simulator (ACIS), employs massive parallel programming using domain decomposition techniques and Message-Passing Interface (MPI) communication library. By drastically decreasing simulation times, ACIS not only reduces prototyping costs but also shortens TTM, providing OEMs with a competitive advantage.
Europe dominates the regional market because of The Automotive Crash Impact Simulator (ACIS) market is a significant sector in the automotive industry, providing advanced solutions for assessing vehicle safety during collisions. ACIS technology utilizes sophisticated modeling and simulation techniques to predict crash outcomes, enabling automakers to optimize vehicle designs for improved safety and regulatory compliance. This market is essential for ensuring passenger safety and reducing the risk of injuries and fatalities on the road.
There are various factors that drive the Automotive Crash Impact Simulator (Acis) Market market which are as following: In the automotive industry, the number of new car launches has been on the rise, accompanied by an increasing emphasis on vehicle safety. The development costs for a new car are substantial, with a significant portion allocated to crash and safety testing. Although designs undergo numerous simulations, physical crash testing remains indispensable. Various entities, including governments and automakers, have distinct objectives for these tests. Governments aim to ensure safety standards, while carmakers utilize ACIS simulators during product development and engineering of safety systems to safeguard vehicle occupants and boost sales volumes.
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Automotive Crash Impact Simulator (Acis) Market Segmentation
The market witnesses several challenges, which are as follows The global semiconductor chip shortage has resulted in significant production disruptions for automakers, leading to substantial financial losses. For instance, Ford reported a loss of approximately USD3.1 billion in April 2022 due to the chip shortage, compelling the company to reduce production levels by about 40% for certain models. This resulted in fewer vehicles being available for sale. Similarly, Renault Group announced in February 2022 that it would produce 300,000 fewer cars in 2022 due to the automotive chip shortage, underscoring the severe impact of the ongoing supply chain challenges on the industry.
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Some of the key companies that have been profiled in the report include:
The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of automotive components and equipment. Key growth drivers in this market include the surge in electronic components utilization in automobiles, fueled by the rising sales of electric vehicles, motorcycles, and passenger cars, which have significantly boosted the demand for electronic control units (ECUs) and other electrical components over the past decade. - The Automotive Crash Impact Simulator (Acis) Market is experiencing significant growth, fueled by the Need for crash and safety testing. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The Automotive Crash Impact Simulator (ACIS) market is experiencing significant growth due to the increasing demand for advanced safety technologies in the automotive industry. With the integration of lane departure warning systems, tire-pressure monitoring systems, and active safety features like Adaptive Cruise Control, the focus on vehicle safety is at an all-time high. The rise of shared mobility and urban mobility solutions has further accelerated this trend, as consumers prioritize safety in their transportation choices. However, human error remains a major cause of accidents, leading to the development of active safety systems that can prevent or mitigate the impact of rear-end collisions. The motorcycle industry is also embracing advanced safety technologies, with electric motorcycles incorporating machine learning and artificial intelligence to enhance road safety. Investment in ACIS technology is driven by the consumer demand for eco-friendly and health-conscious vehicles, as well as the need to address supply chain disruptions and consumer purchasing power fluctuations. The use of blockchain technology and virtual recreation in the development and testing of ACIS systems is also gaining traction, offering more accurate and efficient simulation results. Overall, the future of the ACIS market is bright, with continued innovation and technology incorporation expected to revolutionize the automotive and motorcycle industries.
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