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ANSYS to Buy OPTIS to Boost Sensor Simulation Capabilities
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ANSYS Inc. (ANSS - Free Report) is now focused on improving optical simulation capabilities to strengthen its position in producing autonomous vehicle sensors. Toward this purpose, the company recently announced that it will acquire France-based OPTIS.
Notably, OPTIS uses real-world physics to furnish precise software optical solutions based on simulation of “light, human vision and physics-based visualization.”
In order to make the autonomous vehicles safer, the sensor development industry leverages on simulation software solutions. ANSYS is one of the leading simulation solutions providers catering to automotive industry.
Acquisition to Boost Presence in Self-Driving Market
With the acquisition, OPTIS’s feature-rich virtual reality (VR) platform will complement ANSYS offerings to help automotive manufacturers supply safer driverless vehicles. Safer navigation will be ensured by development of futuristic camera, lidar and radar.The company also aims to improvise its solutions pertaining to electromagnetic field as well as visible and infrared light simulation.
The emerging self-driving vehicle market presents significant growth opportunity for sensor providers, particularly after the recent Uber accident.
Per a Technavio report, as revealed by The Economic Times, the global autonomous vehicle sensors market is expected to grow at a CAGR of 115% by 2021 to reach 196.07 million units.
Per a ResearchandMarkets report, the global autonomous vehicle sensor market is projected to grow at a CAGR of approximately 105% from 2016 to 2023 driven by rising demand of autonomous vehicles.
Per a MarketsandMarkets report, “The semi-autonomous and autonomous vehicles market, in terms of volume, is projected to grow at a CAGR of 21.36% from 2017 to 2022 (base year: 2016) and 68.94% from 2025 to 2030 (base year: 2024) respectively.”
The aforementioned reports strengthen the prospects of investment opportunities in vision sensors. We believe OPTIS acquisition will bode well for ANSYSS and aid it in realizing its business goals.
Additionally, OPTIS caters to automotive industry’s giants including the likes of Ferrari, Ford, Toyota and Audi. Airbus, Swarovski, L'Oreal, GE and Boeing also comprise its customer base.
Management aims to complete the acquisition in the second quarter of fiscal 2018. Financial terms of the deal have been kept under wraps, as of now.
Acquisition and Partnerships to Drive Momentum
Shares of ANSYS have outperformed the industry’s rally of 53.7% in the past year by returning 29.6%. We believe the latest acquisition will further strengthen ANSYS product portfolio, which will help the company maintain momentum in 2018.
Moreover, accretive acquisitions and expanding partner base are expected to drive growth. ANSYS aggressive acquisition strategy has played a pivotal role in paving its growth trajectory in the last few years. Tuck-in acquisitions have not only expanded product offerings but also its capabilities in providing high-end design simulation software.
With the help of strategic acquisitions such as 3DSIM, SpaceClaim Corp, Reaction Design and Evolutionary Engineering, the company is now able to bring innovative products in the fields of 3D modeling, chemistry solutions and cloud computing, respectively.
ANSYS has partnered with major CAD vendors — Autodesk, PTC and Siemens to provide data transfer services as well as build geometry modeling software solutions. The company is also expanding its reach in the cloud computing market on the back of its partnership with Amazon Web Services (“AWS”).
ANSYS collaborations with companies like NVIDIA (NVDA - Free Report) , Ferrari, Taiwan Semiconductor (TSM - Free Report) , Synopsys (SNPS - Free Report) and Grundfos have put forward a varied range of products including automotive reliability solutions, live simulation software, and high performance steering wheels.
These collaborations are not only enabling the company to bring innovative solutions to the market but are also aiding it to enhance foothold in the competitive simulations market. Moreover, the company’s dynamic partner ecosystem, delivering services such as solution, channel and academic partnerships are the primary reasons behind its deal wins.
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ANSYS to Buy OPTIS to Boost Sensor Simulation Capabilities
ANSYS Inc. (ANSS - Free Report) is now focused on improving optical simulation capabilities to strengthen its position in producing autonomous vehicle sensors. Toward this purpose, the company recently announced that it will acquire France-based OPTIS.
Notably, OPTIS uses real-world physics to furnish precise software optical solutions based on simulation of “light, human vision and physics-based visualization.”
In order to make the autonomous vehicles safer, the sensor development industry leverages on simulation software solutions. ANSYS is one of the leading simulation solutions providers catering to automotive industry.
Acquisition to Boost Presence in Self-Driving Market
With the acquisition, OPTIS’s feature-rich virtual reality (VR) platform will complement ANSYS offerings to help automotive manufacturers supply safer driverless vehicles. Safer navigation will be ensured by development of futuristic camera, lidar and radar.The company also aims to improvise its solutions pertaining to electromagnetic field as well as visible and infrared light simulation.
The emerging self-driving vehicle market presents significant growth opportunity for sensor providers, particularly after the recent Uber accident.
Per a Technavio report, as revealed by The Economic Times, the global autonomous vehicle sensors market is expected to grow at a CAGR of 115% by 2021 to reach 196.07 million units.
Per a ResearchandMarkets report, the global autonomous vehicle sensor market is projected to grow at a CAGR of approximately 105% from 2016 to 2023 driven by rising demand of autonomous vehicles.
Per a MarketsandMarkets report, “The semi-autonomous and autonomous vehicles market, in terms of volume, is projected to grow at a CAGR of 21.36% from 2017 to 2022 (base year: 2016) and 68.94% from 2025 to 2030 (base year: 2024) respectively.”
The aforementioned reports strengthen the prospects of investment opportunities in vision sensors. We believe OPTIS acquisition will bode well for ANSYSS and aid it in realizing its business goals.
Additionally, OPTIS caters to automotive industry’s giants including the likes of Ferrari, Ford, Toyota and Audi. Airbus, Swarovski, L'Oreal, GE and Boeing also comprise its customer base.
Management aims to complete the acquisition in the second quarter of fiscal 2018. Financial terms of the deal have been kept under wraps, as of now.
Acquisition and Partnerships to Drive Momentum
Shares of ANSYS have outperformed the industry’s rally of 53.7% in the past year by returning 29.6%. We believe the latest acquisition will further strengthen ANSYS product portfolio, which will help the company maintain momentum in 2018.
Moreover, accretive acquisitions and expanding partner base are expected to drive growth. ANSYS aggressive acquisition strategy has played a pivotal role in paving its growth trajectory in the last few years. Tuck-in acquisitions have not only expanded product offerings but also its capabilities in providing high-end design simulation software.
With the help of strategic acquisitions such as 3DSIM, SpaceClaim Corp, Reaction Design and Evolutionary Engineering, the company is now able to bring innovative products in the fields of 3D modeling, chemistry solutions and cloud computing, respectively.
ANSYS has partnered with major CAD vendors — Autodesk, PTC and Siemens to provide data transfer services as well as build geometry modeling software solutions. The company is also expanding its reach in the cloud computing market on the back of its partnership with Amazon Web Services (“AWS”).
ANSYS collaborations with companies like NVIDIA (NVDA - Free Report) , Ferrari, Taiwan Semiconductor (TSM - Free Report) , Synopsys (SNPS - Free Report) and Grundfos have put forward a varied range of products including automotive reliability solutions, live simulation software, and high performance steering wheels.
These collaborations are not only enabling the company to bring innovative solutions to the market but are also aiding it to enhance foothold in the competitive simulations market. Moreover, the company’s dynamic partner ecosystem, delivering services such as solution, channel and academic partnerships are the primary reasons behind its deal wins.
Zacks Rank
ANSYS carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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