Simulation Technology Driving Product Innovation

Over a third of a company’s revenue is attributed to new products (37percent of total revenue from recent Aberdeen research). However, bringing any product to market is not an easy task. Delivering under short timelines with a high profit margin and high quality targets gives product developers little room for error.

Virtual simulation is the analysis or simulation of a product’s behavior in a virtual environment, creating a virtual prototype of the product design. Building and testing design prototypes virtually allows hundreds or even thousands of permutations to occur rapidly. This allows designers to spend more time evaluating risky, but high potential ideas. Simulation is truly no longer an option for company doing innovation.

As product complexity grows, so does the need for enhanced simulation capabilities. The hottest innovation areas require system simulation to work. The complexity within systems arises from the challenges of connecting the individual pieces to ensure they work together as designed and expected. We also live in a world where multiple physical forces are at play, and the products we produce are often subject to many of these physical forces simultaneously. Fluid forces, thermal effects, structural integrity and electromagnetic radiation can all impact performance of products and industrial processes. If you try to isolate the multiple forces in play, you may not get an accurate prediction of behavior. One unified simulation platform needed to effectively manage all the simulations data, help engineers to examine these effects in combination and isolation, achieving the highest fidelity solution when it's needed.

According to Aberdeen Group, simulation usage throughout the product development lifecycle has undeniably grown in recent years. The primary derives behind this increased significance are the improvements in time-to-market, product quality, and overall cost, however, the ability to predict product performance faster and more reliably has also allowed designers to release more innovative offerings, open up new market opportunities and ultimately, fuel top-line growth for the business. 73percent of companies surveyed stated they want to use simulation earlier and more often in the development process.

Research-based manufacturing is hoping to open a door to innovation, building their research and innovation based on simulation is undoubtedly the key to drive their top-line growth.

See More: Top Sensor Technology Companies