Industry stands to gain from testing & simulation solutions
While physical testing of an autonomous vehicle will always necessary, simulated testing is making headway due to its practicality. First, it allows researchers to test vehicles in every conceivable scenario by putting miles and miles of "experience" into a system's AI. Simultaneously, this enables researchers to save money by working out issues prior to physical deployment. These advantages are helping OEMs to speed testing while saving money which, in turn, is helping fund the growth of the simulation industry.
Growth of global integrated automotive test solutions
Compound annual growth rate (CAGR) of 6.8% (2017 to 2024 to reach $2.81 billion by 2024)
6.8% to reach $2.81 billion by 2024 (from 2017)
BMW Group's Driving Simulation Center
Investment estimated at 100 million euros
Estimated miles needed for proper AV testing
9 billion miles
Frost & Sullivan, “Global Integrated Automotive Test Solutions, Forecast to 2024"
Siemens PLM Software