Altair Picks Malaysia As Hub In Southeast Asia

— Regional Office in Kuala Lumpur to Focus on Innovative Product Design

TROY, Mich., Aug. 28, 2014 /PRNewswire/ — Altair Engineering Sdn Bhd, a wholly-owned subsidiary of leading US-based simulation technology and engineering services company Altair, has chosen Kuala Lumpur as its new regional headquarters to spearhead its expansion plan in Southeast Asia. The new office in Plaza Sentral will also serve as Altair’s training and technical support center for the region.

Altair’s Managing Director for the Association of Southeast Asian Nations (ASEAN) region, Australia and New Zealand, Srirangam Srirangarajan, explained, “The new office in Kuala Lumpur is significant to Altair’s future growth in Southeast Asia. We are confident that this expansion will enhance our local presence and help us penetrate new market segments such as electronics and aerospace. Malaysia’s robust infrastructure, open policy to foreign business, strong talent pool and connectivity with other ASEAN markets makes it the ideal location for Altair’s regional operation. In addition, Malaysia has the potential to produce innovatively designed products that can compete at an international level, and Altair is happy to lend its experience and expertise towards achieving this goal,” he said.

Altair Engineering Sdn Bhd is a MSC-status company and number one in computer-aided engineering (CAE) in Southeast Asia, providing both software and engineering services. Altair has served the Malaysian market since 2012, providing a rich portfolio of advanced engineering software and on-demand computing technologies to both private and public sector clients.

Commenting about the company’s expansion plans, Srirangam continued, “According to our market research, the CAE market is growing rapidly in Malaysia and throughout Southeast Asia. We are seeing CAE technologies moving aggressively into non-traditional domains like consumer products, architecture, civil engineering, and construction, to name a few.”

Local businesses are feeling increasing global competitive pressure to deliver reliable products quickly while keeping costs low. CAE solutions bridge the gap by reducing product design and development cycle time as well as testing and analysis time.

“As Malaysia moves towards establishing itself as a high-technology manufacturing hub, companies in the aerospace, biotechnology, electronics, and information and communications technology industries are turning to CAE software to improve the quality of innovation and maintain cost-efficiency. CAE software enables companies to analyze and test a product for reliability, durability and quality, which helps increase their competitive edge,” he added.

Commenting on local growth areas, Srirangam said, “In Malaysia, we see very good prospects in the automotive, manufacturing, and oil and gas sectors. Malaysia also has the capacity to become a major player in aerospace and electronics. Altair is committed to bringing innovation to our clients. We believe that sharing our expertise and technical know-how to help clients develop a design-based innovation culture within their organizations delivers increased return on investment and performance,” he concluded.

Altair Engineering Sdn Bhd’s new ASEAN regional headquarters is located at 3B-10-7, Tower 3B, Level 10, Plaza Sentral, Jalan Stesen Sentral 5, KL Sentral, 50470 Kuala Lumpur.

About Altair Engineering Sdn Bhd

Founded in 2012, Altair Engineering Sdn Bhd is a MSC-status company providing enhanced engineering solutions, on-demand computing technologies and enterprise analytic solutions for companies across a range of industry sectors such as automotive, defense, oil and gas and consumer goods, all of which play a dominant role in Malaysia’s economy. Altair Engineering Sdn Bhd is a wholly-owned subsidiary of US-based Altair.

About Altair

Altair is focused on the development and broad application of simulation technology to synthesize and optimize designs, processes and decisions for improved business performance. Privately held with more than 2,300 employees, Altair is headquartered in Troy, Michigan, USA and operates more than 40 offices throughout 22 countries. Today, Altair serves more than 5,000 corporate clients across broad industry segments. To learn more, please visit www.altair.com.

Frost & Sullivan: Lean Strategies and Decentralized Value Chains Fuel RFID Uptake in Manufacturing

— Automotive and aerospace industries represent key growth areas

MOUNTAIN VIEW, Calif., Aug. 27, 2014 /PRNewswire/ — The business model and structure of the manufacturing industry has grown well beyond the scope of a single enterprise and location, making radio frequency identification (RFID) solutions indispensable to its functioning. With increasing adoption of lean manufacturing strategies prompting most industry players to focus on and outsource niche operations within global supply chains, RFID solutions will help sustain high levels of performance.

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New analysis from Frost & Sullivan, Analysis of the Global RFID in Manufacturing Market, finds that the market earned revenues of $1.29 billion in 2013 and estimates this to nearly quadruple to $4.99 billion in 2020. The study covers passive, active and battery-assisted passive RFID. Over the forecast period, demand for active RFID will increase to fulfill business needs more efficiently.

For complimentary access to more information on this research, please visit: http://bit.ly/XPtW5v.

Use of RFID technologies enhances supply chain visibility and total control of inventory, operations and logistics across diverse manufacturing points. As RFID solutions facilitate real-time tracking of assets in different locations, it increases productivity enabling cost-effective allocation of resources. These benefits, along with reduced labor requirements, information accuracy, improved sales and customer service boost RFID adoption among manufacturing participants looking to realize higher return on investment.

“Opportunities for RFID solution providers exist across all application segments within the manufacturing industry,” said Frost & Sullivan Measurement & Instrumentation Senior Research Analyst Nandini Bhattacharya. “Growth prospects in the automotive and aerospace manufacturing sectors are especially promising owing to supportive industry regulations.”

However, as long as the economic situation remains uncertain, customers — particularly small and medium enterprises — will be reluctant to invest in RFID solutions unless they see a direct correlation between implementation of these technologies and cost-saving advantages. Cost is, therefore, a discerning factor for consumers’ RFID purchasing decisions. Scalability of solutions and technology support will be important criteria influencing uptake.

“Partnerships and acquisitions are rampant and necessary for this market to continue to expand,” noted Bhattacharya. “Without such collaborations, the breadth of knowledge and expertise needed for success is typically too wide even for the largest of companies.”

Analysis of the Global RFID in Manufacturing Market is part of the Automatic Identification (http://www.autoid.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Analysis of the Global 2D-Barcode Scanners Market, Analysis of the Global RFID Tags Market, Analysis of the Global RFID and Bar Code Printers Market, and Emerging Opportunities in Global Biometrics Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Analysis of the Global RFID in Manufacturing Market
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Ariel Brown
Corporate Communications – North America
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Frost & Sullivan: Regional Vendors Thrive as eRetailing of Automotive Parts and Service Picks Up in Europe

— Sale of tires and accessories will push online retailing revenues to more than EUR18 billion by 2020

LONDON, Aug. 27, 2014 /PRNewswire/ — The rapid growth in personal, in-vehicle and service shop connectivity is lending momentum to the creation of new customer touch points and driving the online sales of automotive parts and services in Europe. The emergence of independent eRetailers is further propelling the expansion of aftermarket eRetail, which has also been buoyed by aggressive participants such as Amazon.

New analysis from Frost & Sullivan, Opportunity Analysis for the Automotive Parts and Service eRetailing Market in Europe, finds that the market was valued at EUR5.29 billion in 2013 and estimates this to reach EUR18.33 billion by 2020. While France, Germany, and the UK contribute the highest to online sales due to higher Internet penetration, Russia is expected to witness maximum growth in revenues with a compound annual growth rate of 30 percent till 2020. Over the next five to seven years, Spain and Italy too will catch up as smartphone adoption increases.

“Sales through smartphone apps are an immediate opportunity for aftermarket participants in Europe to explore,” said Frost & Sullivan Automotive and Transportation Research Analyst Anuj Monga. “Although the computer is currently the preferred mode for online shopping, and the use of mobiles is limited to accessing product information, shopping through tablets and smartphones will pick up significantly as more 4G long-term evolution options become available.”

Tires will remain the leading product category in online sales, followed by brakes, batteries and vehicle accessories. Tire eRetailers, traditional parts retailers and pure play parts eRetailers are expected to gain market share owing to their regional presence, as radically dissimilar legislations across countries in Europe pose a challenge to cross border selling. Keeping compliance costs under check has also proved difficult for online sellers due to tax regulation variations and the complexity arising from deploying different models in each country.

Over the next few years, the key differentiator in the aftermarket retail space will be the fulfilment models employed by companies. Complementing various revenue opportunities such as smartphone apps, these innovative fulfilment models tailored to diverse target customers will enhance scope for growth.

“Original equipment manufacturers are likely to take the lead in directly driving parts sales by exploring new revenue-sharing arrangements with dealer groups as well as promoting the ‘click & fit’ model, which will ensure a steady stream of repair business,” noted Monga. “Hence, remote assisted repair, remote diagnostics and predictive analysis will evolve into robust avenues for eRetailing revenue generation in the medium to long term in Europe.”

If you are interested in more information on this study, please send an e-mail to Julian Borchert, Corporate Communications, at julian.borchert@frost.com.

Opportunity Analysis for the Automotive Parts and Service eRetailing Market in Europe is part of the Automotive & Transportation (http://www.automotive.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Western European Heavy-Duty Used Truck Market, Global Automotive Aftermarket, North American Class 1 to 8 Filters Aftermarket, and In-vehicle Advertising in the North American Automotive Infotainment Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:         Gain access to visionary innovation

Opportunity Analysis for the Automotive Parts and Service eRetailing Market in Europe
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Contact:
Julian Borchert
Corporate Communications – Europe
P: +49 (0) 69 770 33 43
E: julian.borchert@frost.com 
Twitter: @FS_Automotive

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