Safety functions are an important prerequisite for global automotive customers.Governments around the world have mandated the inclusion of features such as lane departure warning (LDW) and automatic emergency braking (AEB).
New York, December 21, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announced the release of the report “ADAS Market by System, Components, Vehicles, Autonomous Level, Products, Electric Vehicles and Regions-Global Forecast to 2030″- https ://www.reportlinker.com/p05201345/?utm_source=GNW Therefore, different types of safety functions have been developed to help drivers and reduce the number of accidents.The growing demand for safety and driver assistance systems may drive the growth of automobiles. ADAS market during the forecast period. The automobile industry is witnessing the rapid development of safety functions. It is expected that safety functions will increase exponentially in the next few years to provide safer and more Convenient driving experience.Major OEMs such as Toyota and Honda are introducing vehicles with functions such as blind spot detection, rear intersections, lane keeping assist, forward collision warning, and automatic emergency braking as standards.Install L3 driving system for upcoming models.The growing demand for complex cruise control and driving comfort functions has also promoted the development of the safety system market.Converting vehicles to self-driving vehicles can help reduce driver errors.According to NHTSA, the total number of deaths due to road traffic accidents in the United States in 2020 is 38,680. ADAS can play a key role in reducing this number and bringing a safe, efficient and efficient driving experience.Active safety systems such as blind spot detection (BSD), automatic emergency braking (AEB) and lane departure warning (LDW) play an important role in today’s autonomous driving technology.During the forecast period, the demand for luxury cars will further strengthen the demand for ADAS.Many economies around the world have recovered from the recession of the 2008 recession.Developing countries such as China and India have higher growth rates.Living standards in developing countries have also improved. With the substantial increase in consumption power, German auto brands such as Mercedes-Benz, BMW and Audi have dominated the global luxury car market.Changes in consumer preferences have increased the demand for better products and have a positive impact on the number of high-end cars worldwide.For example, despite a slowdown in the global automotive market, BMW’s main automotive division achieved growth in 2019.Due to increased deliveries in the luxury car segment, this segment grew by 6.8% in 2019.Its subsidiary Rolls-Royce sold 5,100 units, an increase of 21.6% from 4,194 units in the same period last year, while production increased by 25.3%.Similarly, the group’s sales of BMW brand cars in 2019 were higher than in 2018.Safety innovations are first introduced into the luxury and high-end automotive sectors, and this sales growth will become the driving force of the ADAS market.North America is expected to play an important role.The main role of the ADAS market during the forecast period.Research has been conducted in North America for the United States, Canada, and Mexico.Due to the high penetration rate of ADAS, the ADAS market in this region is expected to grow significantly during the forecast period. Most vehicles here are equipped with these features.North American OEMs, such as Ford Motor Company, General Motors, and Fiat-Chrysler Automobiles, as well as mature European and Asian OEMs, such as Toyota (Japan), Nissan (Japan), Honda (Japan), Hyundai/ Kia (Korea), BMW (Germany) and Volkswagen (Germany) provide ADAS functions in vehicles.The automotive industry, dominated mainly by the United States, is one of the most advanced industries.The United States is considered one of the most profitable markets for ADAS because it has always been the innovation center of global automakers.The country has domestic original equipment manufacturers such as General Motors and Ford, as well as foreign automakers such as FCA Group, Volkswagen, Toyota and Nissan.These OEMs have invested heavily in megatrends, such as connected mobility and self-driving cars.Major US automakers provide ADAS as standard equipment for most vehicles.According to the National Highway Traffic Safety Administration, between September 1, 2018 and August 31, 2019, 12 original equipment manufacturers have mandated the use of AEB in 75% of their new passenger car vehicles.Just two years ago, the penetration rate was only 30%.More aggressive initiatives by original equipment manufacturers will further increase the country’s demand for AEB systems.The COVID-19 crisis has disrupted manufacturing and supply in North America. Therefore, the decline in demand from the automotive industry in the region has an uncertain timetable for recovery.In addition, automakers stopped production in North America, resulting in a decline in production and sales.The company’s automotive-related high-tech tests in the region have also been suspended.For example., Autonomous driving technology companies including Waymo, Cruise, and Uber have suspended testing of autonomous vehicles involving alternate drivers.Pony.ai has suspended its Robo Taxi testing in California.This may not change the direction in which the auto industry in the region adopts autonomous driving, connected services, electric driving, and shared travel, but the speed of adoption may slow.Original equipment manufacturers may slow their investment in research and development in the next few quarters of 2020 to maintain revenue streams; this will also affect the intervention of new technologies in the region.The research contains insights from experts in various industries, from component suppliers to Tier 1 companies and original equipment manufacturers.The main breakdowns are as follows: • By company type: original equipment manufacturer-30%, level 1-51% and level 2-19%, • by designation: CXO-31%, director-41% and others*- 28%•By region: North America-33%, Europe-38%, Asia Pacific-24% and rest of the world-5% *Others include sales, marketing and product managers.The ADAS market includes major manufacturers such as Robert Bosch (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), Aptiv (UK), Valeo (France) and Magna International (Canada).Research Scope: Research covers ADAS across various market segments.It aims to estimate the market size and future growth potential of the market in different market segments, such as systems, components, products, electric vehicles, autonomous levels, vehicle types and regions.The research also includes an in-depth competitive analysis of the major players in the market, as well as their company profiles, key observations related to product and business supply, recent developments and acquisitions.The main benefit of buying the report: The report will help the market leader/new entrant to obtain the closest information about the revenue figures of the entire ADAS market.The report will help stakeholders understand the competitive landscape and gain more insights into revenue, so as to better position their businesses and plan appropriate listing strategies.The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, constraints, challenges and opportunities.Read the full report: https://www.reportlinker.com/p05201345/?utm_source=GNWAAbout ReportlinkerReportLinker is an award-winning market research solution.Reportlinker finds and organizes the latest industry data so you can get all the market research you need—in one place right now.__________________________
According to state-supported media reports, Chinese regulators suspended their information-sharing partnership with Alibaba Cloud Computing, a subsidiary of the e-commerce group Alibaba Group, on Wednesday, citing the company’s failure to report and resolve cybersecurity vulnerabilities in a timely manner.According to the 21st Century Business Herald, citing a recent notice from the Ministry of Industry and Information Technology, Alibaba Cloud did not immediately report a vulnerability in the popular open source logging framework Apache Log4j2 to the Chinese telecom regulator.The notice stated that in response, the Ministry of Industry and Information Technology suspended its partnership with the cloud department on cybersecurity threats and information sharing platforms, and will reassess it within six months and resume it based on the company’s internal reforms.
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With less than two weeks left in 2021, major Wall Street companies and analysts have taken out their crystal balls and stared through the curtain on what is waiting for 2022.This is an annual habit and a habit that investors pay close attention to; although predictions are not always perfect, they do provide a fair perspective on the marketing field.According to investment banking company Raymond James, there will be many opportunities in the coming year.The company’s stock analysts have been very busy
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The Dow Jones and Nasdaq indexes rose.President Joe Biden hinted at a “rebuild better” agreement with Joe Manchin.Nike stock skyrocketed.
After a long period of falling prices, many electric vehicle (EV) stocks are rebounding today.The shares of Chinese electric car maker Xiaopeng Motors (NYSE: XPEV) fell more than 20% in December.Today’s rebound in Xiaopeng’s stock did not come from a specific company announcement.
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Is it time to buy Lucid Group (LCID) stock?It depends a lot on who you ask.On Monday, Guggenheim analyst Ali Faghri began reporting on the electric car manufacturer and gave the stock a neutral (ie, hold) rating.This is not to say that Faghri is not interested in Lucid-on the contrary it will be more accurate.(To view Faghri’s track record, click here) “Driven by tightening global emissions regulations, legacy issues and increased commitments, we have a positive long-term view of the adoption of electric vehicles.
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Post time: Dec-22-2021
