According to an institutional survey, Artech has unveiled that the automotive industry is undergoing significant transformations. The lifecycle of automobiles has dramatically shortened, leading to a faster upstream R&D and design cycle. Historically, the traditional vehicle development cycle spanned 38 months, but this has now been streamlined to 22-24 months. This shift is attributed to the reduction in the vehicle's lifecycle from 10 years to 3-5 years, coupled with heightened market competition, necessitating OEMs to swiftly respond to market feedback.