Ansys Named Preferred Supplier for Hyundai Motor Company's Next-Gen Vehicle Analysis
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The announcement that Hyundai Motor Company has selected Ansys as a preferred supplier for structural simulation solutions marks a significant endorsement for Ansys in the competitive automotive simulation market. This partnership is expected to enhance Hyundai's vehicle development process, particularly in the realms of safety and comfort—two critical factors in consumer decision-making. With the automotive industry being highly sensitive to technological advancements, this collaboration could set a precedent for other manufacturers to follow, potentially increasing Ansys' market share and strengthening its position as a leader in simulation software.
From a market perspective, the rigorous 18-month evaluation by Hyundai underscores the reliability and accuracy of Ansys' solutions. Investors may view this as a positive signal of Ansys' product quality and innovation capabilities. The partnership could lead to increased revenue streams for Ansys and provide a competitive edge in securing future contracts with other automotive companies. Moreover, the integration of Ansys Mechanical and LS-DYNA into Hyundai's development process could lead to improvements in product cycles and cost efficiency, which are key drivers for profitability in the automotive sector.
The strategic partnership between Ansys and Hyundai could have a direct impact on Ansys' financial performance. As a preferred supplier, Ansys stands to benefit from a stable, long-term revenue source, which is particularly valuable in the cyclical nature of the automotive industry. The use of Ansys' software for body durability analysis indicates a deep integration into Hyundai's manufacturing process, suggesting a high switching cost for Hyundai, which could translate to a durable competitive advantage for Ansys.
Investors should note that the adoption of Ansys software by a major automobile manufacturer like Hyundai could encourage other companies to follow suit, potentially leading to a broader adoption of Ansys' solutions. This could improve Ansys' bargaining power and pricing capabilities. However, investors should also monitor Ansys' R&D expenditures to ensure that the company maintains its competitive edge in predictive accuracy and high-performance computing capabilities, as these factors were key in Hyundai's decision-making process.
The partnership between Ansys and Hyundai is a testament to the critical role that simulation software plays in modern vehicle design and manufacturing. Structural simulation allows for the virtual testing of a vehicle's durability, stiffness and strength, which is essential for ensuring safety and comfort. Ansys' expertise in finite element analysis and explicit simulation for crash safety analysis is particularly relevant as the automotive industry continues to prioritize these aspects in response to consumer demand and regulatory requirements.
The long-term collaboration with Hyundai could also provide Ansys with valuable feedback and data that can be used to further refine their simulation tools. This feedback loop is crucial for Ansys to stay ahead in a market where technological advancements are rapid and constant. It's also indicative of a trend where automotive companies are increasingly relying on simulation to accelerate development cycles and reduce physical prototyping costs, which could lead to broader industry reliance on simulation technology.
Ansys software will provide predictively accurate, end-to-end capabilities for body durability analysis
/ Key Highlights
- Ansys' structural simulation solutions will help deliver next-generation vehicles that provide a safer, more comfortable passenger experience
- Ansys provides end-to-end, predictively accurate capabilities for virtual performance validation of the body system
- Hyundai motor company named Ansys Mechanical™ and Ansys LS-DYNA™ its preferred structural analysis solutions following a rigorous 18-month competitive evaluation
For automotive companies with well-established product development processes, transitioning from one simulation tool to another demands extensive time and strict evaluation standards. Hyundai benchmark tested multiple simulation solutions over the course of 18 months, exploring areas such as model analysis accuracy, high-performance computing throughput, and future product strategy.
Ansys Mechanical, the leading finite element analysis tool, and LS-DYNA, the leading explicit simulation tool for crash safety analysis, outperformed competitors and demonstrated stronger analysis accuracy, better performance in data processing, and a robust future technology development strategy. These high-performance capabilities will be utilized in the analysis of body system durability, stiffness, and strength.
"Adopting a new simulation product requires detailed application and operational planning of the solution for each vehicle development stage, and thorough validation by both the manufacturer and solution supplier," said Ill-Joo Noh, MVP and small sized vehicle chassis and body CAE team of Hyundai motor company. "To remain leaders in the increasingly technological industry, we must work closely with our partners to ensure our current and future needs are met. Ansys demonstrated its excellent simulation performance meets our current and future requirements, proving it can operate at scale for complex solutions."
"Hyundai's evaluation and decision illustrate Ansys' ability to meet the needs of the automotive industry's biggest and most complex engineering challenges," said Shane Emswiler, senior vice president of products at Ansys. "We are continuously enhancing Mechanical to work seamlessly with LS-DYNA to provide our partners with a full solution. Ansys and Hyundai share an unwavering commitment to innovation and quality, and together we will usher in a new era of safe, comfortable, and reliable vehicles."
/ About Ansys
Our Mission: Powering Innovation that Drives Human Advancement™
When visionary companies need to know how their world-changing ideas will perform, they close the gap between design and reality with Ansys simulation. For more than 50 years, Ansys software has enabled innovators across industries to push boundaries by using the predictive power of simulation. From sustainable transportation to advanced semiconductors, from satellite systems to life-saving medical devices, the next great leaps in human advancement will be powered by Ansys.
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/ Contacts
Media | Mary Kate Joyce |
724.820.4368 | |
Investors | Kelsey DeBriyn |
724.820.3927 | |
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