STOCK TITAN

Ansys and Oculii Reimagine Automotive Radar Systems

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Ansys collaborates with Oculii to enhance automotive radar systems using AI. Their technology increases radar resolution up to 100X while reducing costs and complexity. Oculii's AI software, powered by Ansys HFSS, accelerates design cycles and improves predictive accuracy (80-90%). The global automotive radar market is projected to reach $12.5 billion by 2026, driven by self-driving technology demand. This partnership aims to address engineering challenges in autonomous vehicles, ensuring safety and advanced driver assistance systems.

Positive
  • Collaboration with Oculii enhances automotive radar capabilities.
  • Increased radar resolution by up to 100X.
  • Improved predictive accuracy of radar design (80-90%).
  • Projected growth of the automotive radar market to $12.5 billion by 2026.
Negative
  • None.

PITTSBURGH, Nov. 2, 2021 /PRNewswire/ --

/ Key Highlights

  • Oculii leverages Ansys electromagnetic solutions to deliver vastly improved automotive radar systems
  • Ansys HFSS helps close design cycles more quickly, accelerating software development while reducing time to market
  • With 100 to 150 million radars sold in automotive alone, radars are the fastest growing active safety segment in the market; Ansys supports radar development

Using Ansys (NASDAQ: ANSS) simulation solutions, Oculii is developing artificial intelligence (AI) software and hardware for radar systems that will allow autonomous vehicles (AVs) to more accurately perceive their surroundings. The company relies on Ansys for its predictive accuracy, driving more refined design optimizations that shorten design cycles and support Oculii's mission of enabling high performance perception at lower cost.

Commercial radar systems have long been hampered by a simple design tradeoff: improving resolution requires more antennas, which increases size, cost and power. This is a significant problem for AVs that need to perceive any environment with a high degree of accuracy to operate safely. AVs compensate for poor radar resolution by employing a suite of various sensors, which increases system complexity and cost. Oculii's technology unlocks the full potential of commercially available radar, using AI to learn and adapt to the environment, increasing resolution by up to 100X.

Ansys HFSS helps Oculii evaluate and optimize key elements of radar transmission, including antenna and sensor placement and performance, with a predictive accuracy of 80 to 90 percent — improving overall design speed. This enables compact radar technology that offers superior resolution through low-cost, mass-manufacturable hardware.

"The way to improve radar technology is through software, because software fundamentally improves with data," said Steven Hong, CEO at Oculii. "Ansys HFSS has been invaluable because it allows us to make high-fidelity measurements and predictions around how design optimizations will impact real world performance. Using HFSS, we can close design cycles more quickly, and build confidence in what we do. We have also been impressed by Ansys' support team — they helped us overcome a number of challenges to get the most out of the solution, which helps us get the most out of radar systems."

Driven by consumer demand for active safety features and other self-driving technologies, the global automotive radar market is estimated to reach $12.5 billion by 2026 according to industry research. Radar is a key enabler for AVs and advanced driver assistance systems (ADAS). Radar's advantages lie in its superior range, and the ability of its radio waves to pass through rain drops, snow and fog.

"AVs face immense engineering challenges before they'll be deemed safe," said Shane Emswiler, senior vice president of products at Ansys. "There is great demand within the market for higher-performing, cost-effective autonomous technology. Our collaboration with Oculii enables us to facilitate solutions that will define autonomous radar technologies of the future."

/ About Oculii

Oculii is creating a next-generation AI software platform for radars that's exponentially higher resolution, longer range, more accurate, and less expensive than conventional solutions – increasing safety and reliability. The promise of autonomous vehicles depends on high-performance, all-weather, low-cost, and scalable perception technology, and Oculii is bringing it to the world. The company has raised more than $75 million from leading investors and strategic partners and is headquartered in Dayton, Ohio, with offices in Silicon Valley and Beijing. For additional information, please visit www.oculii.com.

/ About Ansys

If you've ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you've used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world's most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

ANSS–C

/ Contacts

Media

Mary Kate Joyce


724.820.4368


marykate.joyce@ansys.com  



Investors

Kelsey DeBriyn


724.820.3927


kelsey.debriyn@ansys.com 

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ansys-and-oculii-reimagine-automotive-radar-systems-301414075.html

SOURCE Ansys

FAQ

What is the partnership between Ansys and Oculii about?

Ansys collaborates with Oculii to enhance automotive radar systems using AI, improving resolution and reducing costs.

How much is the global automotive radar market expected to reach?

The global automotive radar market is projected to reach $12.5 billion by 2026.

What advantages does Ansys HFSS offer Oculii in radar development?

Ansys HFSS provides improved predictive accuracy (80-90%) and accelerates design cycles for Oculii's radar systems.

How does Oculii's technology improve autonomous vehicle safety?

Oculii's technology enhances radar resolution, enabling autonomous vehicles to perceive their environment more accurately.

What impact does this partnership have on the future of autonomous vehicles?

The collaboration addresses engineering challenges for safe autonomous vehicles, supporting advanced driver assistance systems.

Ansys Inc

NASDAQ:ANSS

ANSS Rankings

ANSS Latest News

ANSS Stock Data

29.37B
87.30M
0.41%
96.88%
1.54%
Software - Application
Services-prepackaged Software
Link
United States of America
CANONSBURG