Time to market is a long-standing issue in the automotive industry. Between conception and eventual shipment, many complications can take place, including problems during validation and design revisions. The rise of connectivity features and electrification is extending design and manufacturing processes even further. In 2018, global manufacturing firm Jabil reported that only 29% of automakers had product development cycles longer than 24 months. By 2022, however, this had increased dramatically to 96%.
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