Customer demands, safety and emissions standards, and rapidly developing technology are all behind rising product complexity, requiring an overhaul in traditional vehicle engineering. Add to this intense competition and the need to balance today’s bottom line with investment in next-generation design for the future, and it’s clear to see why some OEMs are struggling to keep pace with developments.
Download our latest infographic on Accelerated Product Development and discover how a state-of-the-art PLM system solution offers end-to-end traceability and boosts collaboration to help stay ahead of the competition.
Accelerated product development produces innovation
As new technological megatrends take over the automotive industry and disruptive innovations accelerate, OEMs are facing new challenges. But there are also incredible opportunities for new revenue streams for those willing to adapt and invest in next-generation design. Drivers are demanding a range of new features that offer greater comfort and an enhanced driving experience, prompting more companies than ever to enter the race to develop ADAS systems, autonomous and electric vehicles. With potentially up to 30% of cars fully autonomous by 2030 and a definite political shift towards reducing carbon emissions, no one can afford to get left behind.
Such new trends bring with them not only increased complexity but also stricter regulatory and homologation requirements. Any failure to get vehicles in line with new, rigorous safety, security, and emissions standards could result in rising warranty costs, lost sales, and a damaged reputation.
Initiate auditable traceability to stay ahead of the competition
In this new age of accelerating innovation and exploding complexity, many carmakers find that their traditional development practices are no longer up to the task. Siloed domains and sequential steps don’t provide the infrastructure necessary to develop the multi-domain, highly integrated vehicles that the market demands.
Not only that, OEMs are battling two fronts simultaneously. To remain relevant, they must drive improving design optimization of their next-generation vehicles. Still, with the ROI for these far off in the future, they must also balance the books today through traditional revenue streams. Therefore, there is a growing need to reduce costs and improve data management to address these complexities. Companies require a digital approach to drive faster, more cost-efficient development today and accelerated innovation for tomorrow.
Accelerated Product Development offers state-of-the-art PLM
When facing such a challenging panorama, keeping up with the changes is imperative. Our latest free infographic delves into the trends behind the unprecedented shift the industry is experiencing and gives an overview of the digital solution offered by Siemens. We want to help you overcome today's challenges and accelerate innovation so that you can better develop today's and next-generation products faster with higher quality and lower risk to stay ahead of the competition.
Siemens' Accelerated Product Development provides you with a traceable, auditable information backbone for the entire product ecosystem, seamlessly linking the product definition phase to the development phase to reduce time to market. Its state-of-the-art product lifecycle management system leverages functional system modeling and early design validation to enable you to make more informed decisions and better manage change in today's fast-moving industry. Download the infographic to learn more.