Categoría: Hispanicmotorpress

VDAS launches VinFast global showroom design competition, total prize valued over USD 60,000

HO CHI MINH CITY, Vietnam, Jan. 25, 2021 /PRNewswire/ — On January 25th 2021, Vietnam Design Association – Ho Chi Minh City (VDAS) officially announced the «VinFast Global Showroom Design Competition 2021» (VFDC 2021) to find the most outstanding design idea that will be deployed for VinFast smart vehicle brand’s showrooms globally. VFDC 2021 offers designers the opportunity to showcase their talents to the prestigious…

HO CHI MINH CITY, Vietnam, Jan. 25, 2021 /PRNewswire/ — On January 25th 2021, Vietnam Design Association – Ho Chi Minh City (VDAS) officially announced the «VinFast Global Showroom Design Competition 2021» (VFDC 2021) to find the most outstanding design idea that will be deployed for VinFast smart vehicle brand’s showrooms globally. VFDC 2021 offers designers the opportunity to showcase their talents to the prestigious jury board from leading international architectural organizations and win prizes valuing a total of more than USD 60,000.

With the pioneering mission to connect the community of enthusiastic and talented designers and  promote the general development of the architecture and design industry, VDAS has organized VFDC 2021 with deep inspiration from VinFast – Vietnam’s only car brand that has globally inspired millions of people through its image of a modern, dynamic, creative, intellectual, and smart Vietnam. 

VinFast, a subsidiary of Vingroup – one of Asia’s leading groups, is currently the leading car brand in all domestic market segments with key models including VinFast Lux SA2.0, VinFast Lux A2.0, and VinFast Fadil. In addition, VinFast has successfully researched and developed the first 3 level 3-4 Autonomous Smart EV models with 30 outstanding smart features, affirming its vision to be the global smart electric mobility company. This milestone has attracted great attention from global media.

VFDC 2021 organized by VDAS seeks and selects outstanding showroom design ideas that can represent VinFast’s vision and core values, as well as the cultural values and identities of the target markets. This event marks a great milestone for VinFast regarding the company’s global strategy in the US, Europe, Australia, and Asia Pacific markets.

VinFast Global Showroom Design Competition to receive work submitted until 25/2/2021

Undertaking a design competition on a global scale with VinFast’s auspices, VDAS was immediately supported by leading prestigious Interior Design and Architectural organizations such as Asia Pacific Design Center (APDC) and Competitions Archi. In addition to this active support, VFDC 2021 has also received reputable media partners such as ArchDaily, Young Architects Competitions, and PR Newswire.

VFDC 2021 also brings together a distinguished jury board including renowned professors, designer experts from the prestigious architect and design associations globally, and high-level leaders of VinFast.

VFDC Jury board 2021

Work Submission schedule will be from now to 25/2/2021. The works should complete 3D design in 3 main work items:

  • Exterior architectural space with an area of 30m x 20m
  • Architectural space of standard car showroom with a minimum area of 10m x 7m
  • Architectural space of creative zone with a minimum area of 10m x 7m.

The most unique, impressive design ideas will be projected at Times Square, New York (USA) in April 2021. Also, the prize structure includes:

  • 01 First Rank Prize worth 40,000 USD
  • 03 Second Rank Prizes worth USD 3,000 each
  • 05 Third Rank Prizes worth USD 1,000 each
  • 41 Consolation Prizes worth USD 200 each

The winners will also receive certificates from the competition organizers and have the opportunity to cooperate with VinFast in the future.

VFDC 2021 is definitely one of the most attractive architectural competitions in terms of scale, prestige level, and prize value for designers. With its inspiring journey, VinFast has showcased the company’s global vision yet honoring the diversity of backgrounds and styles of designers from all over the world.

For more information, please visit: vinfastcompetition.com

About VDAS 

Vietnam Design Association – Ho Chi Minh City (VDAS) is one of Vietnam’s leading organizations in creative design and architecture.

For further information, please contact:

VinFast Competition Communication Department
info@vinfastcompetition.com

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Frost & Sullivan Experts Present a Strategic Outlook of the Global Automotive Industry in 2021

The upcoming webinar discusses disruptive trends driving the automotive market and key growth opportunities to seize

SANTA CLARA, Calif., Jan. 22, 2021 /PRNewswire/ — The automotive industry is one of the most significant contributors to the overall global economy. The sector plays a unique role in bringing together the most scientific and technological advancements globally and is critical to global corporations’ growth and performance.

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The upcoming webinar discusses disruptive trends driving the automotive market and key growth opportunities to seize

SANTA CLARA, Calif., Jan. 22, 2021 /PRNewswire/ — The automotive industry is one of the most significant contributors to the overall global economy. The sector plays a unique role in bringing together the most scientific and technological advancements globally and is critical to global corporations’ growth and performance.

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After a disappointing 2019, and with 2020 marred by the ill-effects of the pandemic, the automotive industry’s resurgence in 2021 will be driven by major markets such as China, India, and Europe. As market participants seek to emerge from the disruptions caused by COVID-19, the used car market, vehicle subscription, and digital retail are expected to arise as key growth opportunities.

Join Frost & Sullivan’s Senior Partner Sarwant Singh and Associate Partners Dr. Julia E. Saini and Vivek Vaidya for the Growth Opportunity briefing, «What’s Driving the 2021 Global Automotive Industry» on January 28 at 11 a.m EST. You will discover how the industry fared in 2020 and who the major winners and losers were as innovation reigned supreme amidst the pandemic. The webinar will also discuss which markets are set to exceed expectations in 2021 and help you create a strategic roadmap to cope with the new normal and rapidly capitalize on disruptive trends.

For more information and to register for the webinar, please visit: http://frost.ly/53j

Key benefits of attending this webinar:

  • Explore the future potential of the global used car market, which is poised to flourish due to the market realignment resulting from COVID-19.
  • Understand the evolving disruptive trends like circular economy, fuel cell electric vehicles, skateboard platforms, and special purpose acquisition companies (SPACs) driving the automotive market in 2021.
  • Uncover the critical success factors for OEMs and leading providers in the industry brought about by vehicle subscription.
  • Learn about the new growth opportunities arising from health, wellness, and wellbeing features, which are already gaining momentum in the industry.
  • Discover how the automotive landscape might be altered by new retail opportunities.

The event will also be recorded and available on-demand at http://frost.ly/1ti. 

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

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Hybrid Electric Vehicles: A Stay of Execution for NiMH Batteries, Explores IDTechEx

BOSTON, Jan. 21, 2021 /PRNewswire/ — When discussing the topic of battery-electric vehicles, the lithium-ion battery is dominant; however, for full hybrid electric vehicles (those that have electric-only modes but do not plug-in), NiMH batteries are still the most common battery on the road. With the growing market for hybrid electric vehicles (HEVs), will this drive further demand for NiMH batteries and stop them from being eliminated from the automotive market?

<div id="prni_dvprnejpg1f50left"…

BOSTON, Jan. 21, 2021 /PRNewswire/ — When discussing the topic of battery-electric vehicles, the lithium-ion battery is dominant; however, for full hybrid electric vehicles (those that have electric-only modes but do not plug-in), NiMH batteries are still the most common battery on the road. With the growing market for hybrid electric vehicles (HEVs), will this drive further demand for NiMH batteries and stop them from being eliminated from the automotive market?

In 2020, NiMH batteries were still the dominant form installed in HEVs, largely due to Toyota. As Li-ion costs continue to fall and HEV battery capacity increases, NiMH are unlikely to remain competitive but will still see an increase in short term demand. Source: IDTechEx report: "Full Hybrid Electric Vehicle Markets 2021-2041"

The new report from IDTechEx on «Full Hybrid Electric Vehicle Markets 2021-2041» covers this topic along with the key players and geographical markets for HEVs. Battery and motor-generator technology is analyzed for HEV cars, buses, and trucks, giving forecasts for Li-ion and NiMH battery demand over the next 20 years.

Toyota is the ruling OEM in the global HEV car market, with over 60% market share in 2019. Other manufacturers have started to eat into this share over the years, but Toyota still reigns supreme. While the other OEMs have mostly transitioned towards Li-ion batteries for their HEVs, Toyota remains committed to NiMH batteries and HEVs for the foreseeable future, with the majority of their line-up now using either NiMH or Li-ion depending on the specifications. For the relatively small batteries that are used in HEVs, the NiMH is still sufficient to meet requirements. It is also much more technologically mature and lower cost than Li-ion.

Sales of HEVs have continued to grow throughout the COVID-19 pandemic despite the downturn of the overall car market. This, combined with Toyota’s dominance and NiMH portfolio, provides a good market for NiMH batteries, at least in the short term. Li-ion technology is still evolving and reducing in price; at a certain point, it may no longer be cost-effective to continue using NiMH. Additionally, fossil fuel bans are incoming, with countries like the UK banning purely internal combustion engine (ICE) vehicles by 2030 and only allowing hybrids «that can drive a significant distance with zero emissions». HEV manufacturers will likely increase the battery capacity in order to give more electric-only range, making the Li-ion option more appealing. Even with this stay of execution for HEVs, banning vehicles with ICEs of any sort is likely to follow shortly after. This will eliminate the HEV in many markets and hence the demand for NiMH.

IDTechEx recently published the report «Full Hybrid Electric Vehicle Markets 2021-2041«. This report gives an in-depth look at the historic HEV market in China, Europe, Japan, South Korea, and the US, with an outlook over the next 20 years. An extensive model database of over 80 HEVs sold between 2015 and 2019 is used to determine the market’s battery and motor-generator technology in addition to geographical markets and manufacturer market shares. The total cost of ownership calculations is compared with ICE and 48V hybrids, as well as how HEVs can help manufacturers meet new European emissions targets. For more information on this report please visit www.IDTechEx.com/HEV.

This report forms part of the broader electric vehicle and energy storage research from IDTechEx, who track adoption of electric vehicles, battery trends and demand across more than 100 different mobility sectors. This is summarized in a master report: www.IDTechEx.com/EV, or for further in-depth analysis, please see the full portfolio of electric vehicle research available from IDTechEx: www.IDTechEx.com/research/EV.

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact research@IDTechEx.com or visit www.IDTechEx.com. 

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Automotive Headliners Demand in Premium Cars Set to Rise at above 5% CAGR through 2031: Fact.MR’s New Study

NEW YORK, Jan. 20, 2021 /PRNewswire/ — The interior comfort of automobile is set to emerge as a key differentiator for car-makers as autonomous vehicles inch close to becoming mainstream. Innovations undertaken by the industry aimed at offering better sustainability, durability, and space-savings are among key factors enabling growth in the automotive headliners market. Fact MR in a new study…

NEW YORK, Jan. 20, 2021 /PRNewswire/ — The interior comfort of automobile is set to emerge as a key differentiator for car-makers as autonomous vehicles inch close to becoming mainstream. Innovations undertaken by the industry aimed at offering better sustainability, durability, and space-savings are among key factors enabling growth in the automotive headliners market. Fact MR in a new study has forecast the market to report 6.3% Y-o-Y growth in 2021. Driven by the rising demand to provide passengers with better comfort, the demand for automotive headliners is poised to surge enabling growth at over 6.5% CAGR between 2021 and 2031 within the market.  

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Despite revision of growth forecasts amid COVID-19, Fact MR has maintained a positive outlook for the market, thanks to improving vehicle sales across a few lucrative pockets, including China and India. According to data revealed by the China Passenger Car Association, the sales of passenger vehicles have reportedly improved in August 2020. The study also reported that retail sales of passenger cars reached 1.7 million units in August, rising by 8.9%.

In the coming years the market will witness greater opportunities with the advent of novel options including natural fiber, urethane, and polyester that offer reliability of conventional technologies besides improvements in terms of structure, recyclability, and acoustic performance.

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Key Takeaways

  • Overall forecast for the market remains positive as Fact MR forecasts its valuation to surpass US$ 8.4 Bn in 2021
  • The U.S. being one of the leading markets for automotive will continue exhibiting high demand for headliners. It is expected to account for above 85% of automotive headliners sold in North America
  • U.K. will register nearly 4% Y-o-Y growth between 2021 and 2031
  • Spain and Italy will emerge as highly lucrative markets for automotive headliners sales in Europe
  • India, China, and South Korea will be among leading markets for automotive headliners in Asia Pacific excluding Japan

«Despite consolidation, competition within the market is forecast to surge in response to which market players will continue focusing on product launches. Besides this, they will investment in design and material improvements is expected to rise, which will bode well for the market in the long run,» said a lead analyst at Fact MR.

Increasing sales of luxury vehicles have been encouraging growth in the automotive headliners market. Driven by surging disposable income, prospects across emerging countries are expected to remain highly lucrative. Additionally, as a result of the launch of car-sharing concepts such as Ola and Uber, autonomous cars, high-end driver services, and tactile experience, the demand for automotive headliners is higher than ever.

According to the global EV outlook 2020 report, electric car sales surpassed 2.1 million in 2019. Coupled with this, investment towards capacity expansion by leading companies will present conducive environment for the growth of the market. For instance, Alcantara had recently announced its plans for spending US$350 million over the next few years to expand its production facilities. Likewise, Toray in Japan had announced its plans for increasing its Ultrasuede production by nearly 60%. Furthermore, Ultraseude got a major impetus in October 2020 when Toyota announced incorporating its material in Lexus models.

These developments have proven crucial for overall market expansion. Investment trends are expected to continue after a temporary period of lull due to COVID-19 outbreak, connoting positive growth opportunities for the market in the near term assessment period.

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Who is winning?

Competition within the moderately competitive automotive headliners market is likely to soar in the coming years. In response to increasing competition, manufacturers are expected to focus on product launches and expansion of their footprint.

For instance:

  • Oracle Lighting launched StarLINER ColorSHIFT Fiber Optic hardtop headliner in October 2020
  • International Automotive Components (IAC Group) has announced plans for expanding its presence in the U.K. in July 2019. Their goal is set to be achieved via expansion of their Elmdon-based headliner manufacturing facility
  • Grupo Antolin is among players to focus on product launch. In September 2020, it launched its new range of retractable sun visors, which are slated to include proprietary modular headliner designs for premium car offerings by Tesla and Jaguar

Find More Valuable Insights on Automotive Headliners Market

Fact.MR, in its new offering, brings to fore an unbiased analysis of the global automotive headliners market, presenting historical demand data (2016-2021) and forecast statistics for the period of 2021-2031. The study divulges compelling insights on the automotive headliners market based on material (foam-backed cloth, cotton-napped cloth, synthetic cloth, and perforated cloth), headliner type (hardtop and soft-top), vehicle (compact, mid-sized, premium, luxury, LCV, and HCV), and sales channel (OEM and aftermarket), across six major regions of the world.

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Force Sensor Market to Reach $3.30 Bn, Globally, by 2027 at 5.30% CAGR: Allied Market Research

– Rise in safety regulations and rapid increase in adoption of advanced driver assistance systems (ADAS) drive the global force sensor market

PORTLAND, Ore., Jan. 20, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Force Sensor Market By Operation (Analog and Digital), Force Type (Compression & Tension, Compression, and Tension), Technology (Strain Gauge, Load Cell, Force Sensitive Resistors (FSRs), and Others), and End User (Automotive, Locomotive,…

– Rise in safety regulations and rapid increase in adoption of advanced driver assistance systems (ADAS) drive the global force sensor market

PORTLAND, Ore., Jan. 20, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Force Sensor Market By Operation (Analog and Digital), Force Type (Compression & Tension, Compression, and Tension), Technology (Strain Gauge, Load Cell, Force Sensitive Resistors (FSRs), and Others), and End User (Automotive, Locomotive, Manufacturing, Mining, Aerospace & Defense, Construction, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global force sensor industry generated $2.16 billion in 2019, and is projected to garner $3.30 billion by 2027, witnessing a CAGR of 5.30% from 2020 to 2027.

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Drivers, restraints, and opportunities

Rise in safety regulations and rapid increase in adoption of advanced driver assistance systems (ADAS) drive the global force sensor market. In addition, the growing AI and IoT technology and high demand from APAC region further fuel the growth of the market. However, instability in the demand across various end-user industry hinders the market growth. On the other hand, increase in automotive sales and rise in production of vehicles across the world create new opportunities in the coming years.

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Covid-19 Scenario

  • Global lockdown across the world during the initial phase of Covid-19 impacted the manufacturing activities. In addition, the supply chain management was disrupted completely. And, the industry witnessed a massive shortage of raw materials and labor force.
  • The government bodies in various regions, however, have now issued several relaxations on the current regulations, thereby allowing the players to reinitiate their businesses. This is anticipated to aid the force sensor market to recoup soon.

The analog segment to continue its leadership status throughout the forecast period

Based on operation, the analog segment contributed to the highest market share, accounting for more than half of the global force sensor market in 2019, and will continue its leadership status throughout the forecast period. This is due to high demand of analog force sensors from automobiles, robotics, and industrial fabrications. However, the digital segment is expected to manifest the fastest CAGR of 5.3% from 2020 to 2027, owing to the significant growth of manufacturing, automotive, food & beverages, consumer electronics, & bulk material handling industries in developing economies.

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The load cell segment to maintain its lead position during the forecast period

Based on technology, the load cell segment accounted for the largest share in 2019, holding nearly one-third of the global force sensor market, and is projected to maintain its lead position during the forecast period. In addition, the same segment is expected to witness the fastest CAGR of 6.7% from 2020 to 2027. This is attributed to rising demand of load cells type force sensor in manufacturing & industrial application.

Asia-Pacific, followed by North America, to dominate the market throughout the forecast period-

Based on region, Asia-Pacific, followed by North America held the largest share in terms of revenue in 2019, accounting for nearly half of the global force sensor market, and will maintain its dominance in terms of revenue by 2027. In addition, the region is projected to witness the fastest CAGR of 6.3% during the forecast period. This is attributed to increase in the technological advancements and rise in the automotive standards in developing countries such as India, China, and Indonesia.

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Leading market players

  • Sensata Technologies Inc.
  • Siemens AG
  • Vishay Precision Group
  • ABB Ltd.
  • Futek Advanced Sensor Technology Inc.
  • Hottinger Baldwin Messtechnik (HBM) GmbH
  • TE Connectivity Ltd.
  • Honeywell International Inc.
  • ATI Industrial Automation Inc.
  • Tekscan Inc.

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Driving Simulator Market Size To Advance At 3.4% CAGR By 2027, Owing To Emergence of ADAS in Automobile and Rising Focus on R&D To Build Vehicles with Advanced Features | Million Insights

FELTON, Calif., Jan. 20, 2021 /PRNewswire/ — The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of…

FELTON, Calif., Jan. 20, 2021 /PRNewswire/ — The global driving simulator market size is projected to be USD 6.1 billion by 2027, as estimated by Million Insights in its new report. It is further estimated that the market would witness 3.4% CAGR from 2020 to 2027. The emergence of ADAS in automobile and growing focus on research and development to build vehicles with advanced features are driving the demand for the market. Driving simulators helps in evaluating the performance of the vehicles in real-time under a controlled environment. Further, the advent of autonomous vehicles is supplementing the market growth.

These simulators help in training the new recruits and enhancing the skills of experienced operators in industries such as automobile, marine and aviation. Driving simulators are capable of offering driving lessons from basics to advance. Under this, drivers get exposure to various challenges that they might face during real-time driving. Thus, these methods help in ensuring passenger safety.

In the aviation sector, the simulators are used to train pilots of commercial aircraft, military aircraft and helicopters. In addition, simulators are gaining traction in various other industries such as gaming and motorsports. In amusement parks, bikes and cars driving simulators are increasingly used. These simulators make users more engaging.

Please click here to get the sample pdf and find more details on «Driving Simulator Market» Report 2027.

Europe accounted for the largest share in the driving simulator market seconded by North America. Matured automobile industry owing to the presence of several leading manufacturers is attributing to the growth of the region. On the other hand, APAC is likely to register the highest CAGR over the forecast years.

Further key findings from the report suggest:

  • In 2019, the full-scale simulators accounted for nearly 41% of share in the market owing to its cost-effective nature.
  • Based on the application, the research and testing category held the largest share in the market and projected to witness the fastest CAGR over the forecast duration.
  • Aviation category dominated the market among different end-users in 2019, primarily because of the rapid rise in air traffic.
  • Europe dominated the market in 2019 owing to increasing demand from the automobile industry.

Browse 80 page research report with TOC on «Global Driving Simulator Market» at: https://www.millioninsights.com/industry-reports/global-driving-simulator-market

Million Insights has segmented the global driving simulator market on the basis of simulator type, application, end use and region:

  • Driving Simulator Type Outlook (Revenue, USD Million, 2016 – 2027
    • Compact
    • Full-scale
    • Advanced
  • Driving Simulator Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Research & Testing
    • Training
    • Motor Sports & Gaming
  • Driving Simulator End-use Outlook (Revenue, USD Million, 2016 – 2027)
    • Automotive
    • Marine
    • Aviation
  • Driving Simulator Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S
      • Canada
    • Europe
      • U.K.
      • German
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

Explore more research reports on Automotive & Transport Industry by Million Insights:

  • Autonomous Vehicle Market – The global autonomous vehicle market demand is accounted for 6.7 thousand units in 2020. The market is estimated to register 63.1% CAGR over the forecast duration, 2021 to 2030. Autonomous vehicles, alternatively known as self-driving cars, are one of the major breakthroughs in the field of automotive and transportation.
  • Fuel Cell Vehicle Market – The global fuel cell vehicle market size was worth USD 194.5 million in 2017. The market is projected to ascend at a CAGR of 33.7% over the forecast duration. Growing air pollution has led to a rise in demand for alternate fuel vehicles, which, in turn, is propelling the growth of the fuel cell vehicles.
  • Automotive Metal Stamping Market – The global automotive metal stamping market size was worth USD 70.42 billion in the year 2015. The process of creating different sizes & shapes by transforming sheet metal is called automotive metal stamping. Over the years, the automotive industry relied on metals like cast iron, steel, titanium, and aluminum for assembling & manufacturing different tools, equipment, and machinery.
  • Automotive Natural Gas Vehicle (NGV) Market– The global automotive natural gas vehicle (NGV) market was accounted for 28,201.3 thousand units in 2019. It is projected to register the CAGR of around 3.5% over the forecast period, 2020-2027. Rising adverse impact of harmful gas emission is anticipated to trigger the transportation industry to seek for natural gas-fueled vehicles.

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Driving Simulator Market worth $2.1 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 20, 2021 /PRNewswire/ — According to the new market research report «Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving…

CHICAGO, Jan. 20, 2021 /PRNewswire/ — According to the new market research report «Driving Simulator Market by Application (Training and Research & Testing), Vehicle Type(Car Simulator and Truck & Bus Simulator), Simulator Type(Training Simulator and Advanced Driving Simulator), Training Simulator Type (Compact Simulator and Full-Scale Simulator), End User, Region – Forecast to 2025″, published by MarketsandMarkets™, the Driving Simulator Market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. The growth of the Driving Simulator Market can be attributed to the increasing demand of skilled drivers due to high road accident rate, growing air traffics, upcoming high speed train projects, and significant R&D investments in autonomous vehicles.

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Browse in-depth TOC on «Driving Simulator Market»

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Europe is expected to be the largest Driving Simulator Market in the forecast

Europe presents a big growth opportunity for training simulators as the regulations related to safety and environment has become stringent in the region. These changes are propelling the market for the testing and development of vehicles, which will further increase the demand for advanced simulators. Apart from this, the region is home to major players like IPG Automotive, Rexroth, Cassidian, ECA group, Ediser, Corys, Oktal Sydac, Transurb, VI-grade, and SHRail, which increases the growth opportunity of the market. For instance, in April 2018, IPG Automotive released version 7.0 of the CarMaker product family—a simulation software with new functionalities for virtual test driving. In February 2018, Rexroth supplied one of the most advanced motion platforms for a new set of Renault automotive simulators being constructed by system integrator company—AVSimulation.

Asia Pacific is expected to be the fastest-growing market during the forecast

The Driving Simulator Market is expected to show fastest growth in the Asia Pacific due to an increase in training programs, passenger traffic, and safety concerns are the major reasons for increased demand for skilled drivers, especially in India and South Korea. Also, infrastructural developments and industrialization in emerging economies like India have opened new avenues, creating several opportunities for automotive OEMs and simultaneously for driving simulators as well. In addition, the growing awareness regarding driving safety measures has triggered the demand for driving simulators. The requirement of training of new drivers updated with traffic regulations will contribute to the demand for simulators.

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The compact simulator segment is expected to be the largest training simulator type in the forecast

Compact simulators are the most basic type of simulators. They are compact in size and can be easily transported between several sites. Compact simulators offer 3–6 DoF (degrees of freedom). They are equipped with LCD screens, a manual or automatic gearbox, a handbrake, and a real steering wheel with force-feedback. Such simulators are comparatively less expensive than full-scale simulators, making them preferable. Compact simulators are an ideal solution for automotive OEMs who use desktop technology to prepare models for a more advanced simulator (both static and dynamic).

Players in the Driving Simulator Market like ECA Group, Oktal Sydac, Cruden B.V, and VI-grade design simulator applications for cars, buses, commercial & firefighting trucks, trains, airport vehicles, and police vehicles, which are specifically for driver training, rehabilitation, evaluation, and research.

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ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region – Global Forecast to 2030

Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration & Other), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware and Region – Global Forecast to 2025

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Leading Automakers and Technology Companies Advance Blockchain Vehicle Identities that Could Help Buyers Avoid Cars with Incorrect Mileage, Maintenance, or Damage Histories

MOBI Collaborates with BMW, Ford, and Others on Second Installment of a Vehicle Identity Standard for multi-stakeholder, interoperable mobility ecosystems of the future  

MUNICH, Germany, Jan. 19, 2021 /PRNewswire/ — We’ve all heard about rolled-back odometers and flood-damaged vehicles touted in better condition. BMW, Ford, and other transportation and blockchain leaders want to slow these practices by joining forces with an ambitious nonprofit startup developing technology to…

MOBI Collaborates with BMW, Ford, and Others on Second Installment of a Vehicle Identity Standard for multi-stakeholder, interoperable mobility ecosystems of the future  

MUNICH, Germany, Jan. 19, 2021 /PRNewswire/ — We’ve all heard about rolled-back odometers and flood-damaged vehicles touted in better condition. BMW, Ford, and other transportation and blockchain leaders want to slow these practices by joining forces with an ambitious nonprofit startup developing technology to better track and protect vehicles’ true identities.   

The Mobility Open Blockchain Initiative (MOBI)’s member-led Vehicle Identity (VID) II Working Group released the second installment of the industry’s vehicle identity on blockchain.

The VID II Standard leverages the VID I Standard (a vehicle birth certificate) to describe the use of VID in a variety of practical use cases. The two use cases focused on by the working group (WG) are vehicle registration and maintenance traceability. Vehicle registration on blockchain allows formerly disconnected vehicle registration systems between states and countries to connect using a secure, shared, and trusted ledger. Maintenance traceability will provide a tamper-proof history to buyers, regulators, and insurers, therefore reducing vehicle information asymmetry.

«At BMW we strive to create seamless digital solutions. The reference architecture in the VID II standard is a crucial building block in the transformation to a frictionless and trusted mobility ecosystem,» said BMW’s Andre Luckow, Head of Emerging Technologies.

Global mobility leaders, startups, and large technology companies authored the VID II Standard to progress multi-stakeholder, interoperable mobility ecosystems. MOBI’s VID II Working Group is co-chaired by BMW and Ford, with support from Accenture, AWS, AutoData Group, Bosch, Car IQ, DENSO, DMX, Hitachi America, Ltd., Honda, IBM, Kar Auction Services, Luxoft, Quantstamp, Ownum, and USAA.

«A secure digital vehicle identity sets the foundation for a fully automatic network for usage-based transportation services,» said MOBI COO and Co-Founder, Tram Vo. «We expect this network for frictionless transfer of value in the New Economy of Movement to open up trillions of dollars of new opportunities to monetize vehicles, services, data, and infrastructure.»

Additional use cases for VID include supply chain, automotive financing, electric vehicle charging, autonomous vehicle data exchange, and much more. VID II improves asset visibility, creating an anchor for additional use cases, data provenance, and autonomous economic agents.  

«Ford believes this research into vehicle identity technology could lead to better ownership experiences,» says Cynthia Flanigan, Director, Vehicle Research and Technology, Ford Research and Advanced Engineering. «We also think this technology could help simplify the purchasing process in the future.»

VID II is a building block to a future with more transparent, efficient, and safer vehicle registration and maintenance. Both the buyer and seller will have a more reliable record that can open up opportunities for increased market value for the seller and an increased sense of security for the buyer. Agencies that process vehicle records will reap the benefits of efficient processing and tracking of records.

MOBI and its members hope that the VID standards, together with other MOBI standards for blockchain applications in mobility, will reduce frictional inefficiencies, improve mobility services, and enable new business models.

About MOBI
MOBI is a nonprofit alliance of many of the world’s largest vehicle manufacturers, along with many startups, NGOs, transit agencies, insurers, toll road providers, smart city leaders, and technology companies working to accelerate adoption and promote standards in blockchain, distributed ledgers, and related technologies.

MOBI is creating simple blockchain-based standards to identify vehicles, people, and businesses in order to securely exchange and monetize data, and pay for mobility services, with the goal of making transportation more efficient, affordable, greener, safer, and less congested.  MOBI itself is technology and ledger agnostic.  For additional information about joining MOBI, please reach out to Griffin Haskins (griffin@dlt.mobi) or visit www.dlt.mobi.

Media Contact:

Kelly Clark, MOBI Communications Manager,
Email: Kelly@dlt.mobi | Twitter: @dltMOBI 

 

Ethylene Carbonate Market to Garner $418.5 Million, Globally, By 2027 at 6.0% CAGR, Says Allied Market Research

– Increase in demand in lithium-ion electrolytes & lubricant applications and rise of the automotive industry in Asia-Pacific drive the growth of the global ethylene carbonate market

PORTLAND, Ore., Jan. 19, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Ethylene Carbonate Market by Form (Solid and Liquid), Application (Lubricants, Surface Coatings, Plasticizers, Lithium Battery Electrolytes, and Others) and End-Use…

– Increase in demand in lithium-ion electrolytes & lubricant applications and rise of the automotive industry in Asia-Pacific drive the growth of the global ethylene carbonate market

PORTLAND, Ore., Jan. 19, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Ethylene Carbonate Market by Form (Solid and Liquid), Application (Lubricants, Surface Coatings, Plasticizers, Lithium Battery Electrolytes, and Others) and End-Use (Automotive, Oil & Gas, Medical, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global ethylene carbonate industry generated $288.0 million in 2019, and is projected to generate $418.5 million by 2027, witnessing a CAGR of 6.0% from 2020 to 2027.

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Prime determinants of growth

Increase in demand in lithium-ion electrolytes & lubricant applications and rise of the automotive industry in Asia-Pacific drive the growth of the global ethylene carbonate market. However, fluctuations in the prices of raw materials hinder the market growth. On the other hand, rapid urbanization and adoption of new technologies in lithium-ion batteries present new opportunities in the coming years.  

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COVID-19 Scenario

  • Owing to lockdown, manufacturing activities for ethylene carbonate stopped across various countries. In addition, supply and distribution activities are hampered.
  • Many industrial activities in sectors such as automotive, aerospace, and others came to abrupt halt. This resulted in a significant decrease in demand for ethylene carbonate.
  • The demand would be restored steadily as daily operations in different end-use industries resume during the post-lockdown period.

The solid segment to continue its lead position during the forecast period

Based on form, the solid segment held the highest market share in 2019, accounting for more than three-fifths of the global ethylene carbonate market, and is projected to continue its lead position during the forecast period. This is attributed to its usage as high permittivity component of electrolytes in lithium and lithium-ion batteries. However, the liquid segment is estimated to witness the highest CAGR of 6.3% from 2020 to 2027, owing to extensive usage as an electrolyte in lithium-ion batteries.  

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The lubricants segment to maintain its dominance in terms of revenue throughout the forecast period

Based on application, the lubricants segment contributed to the largest market share, holding more than one-third of the global ethylene carbonate market in 2019, and is expected to maintain its dominance in terms of revenue throughout the forecast period. This is attributed to its widespread usage in the automotive industry. However, the lithium battery electrolytes segment is estimated to register the fastest CAGR of 6.6% from 2020 to 2027. This is due to rise of usage in electric vehicles and focus on clean energy to lower down carbon emissions.

North America to grow at the fastest rate

Based on region, North America is projected to portray the largest CAGR of 6.7% during the forecast period, owing to shift in consumer preference toward synthetic lubricants as they offer superior properties including thermal stability, wear & tear protection, heavy load holding capacity, and low friction. However, Asia-Pacific accounted for the highest share with nearly half of the global ethylene carbonate market in 2019, and is expected to continue its highest contribution by 2027. This is attributed to increased automotive sector and increase in the electric vehicle industry.

Market players grabbing the largest pie                      

  • Asahi Kasei Corp.
  • BASF SE
  • Cole-Parmer Instrument Company, LLC.
  • Empower Materials
  • Huntsman Corporation
  • Merck KGaA
  • Mitsubishi Chemicals
  • Prasol Chemicals Lts
  • Thermo Fisher Scientific
  • Vizag Chemicals International

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Altair and Rolls-Royce Germany Join Forces to Converge Artificial Intelligence and Engineering

First-of-its-kind collaboration will drive transformative business value by reducing development time and costs, improving product performance and quality

TROY, Mich., Jan. 19, 2021 /PRNewswire/ — <a target="_blank"…

First-of-its-kind collaboration will drive transformative business value by reducing development time and costs, improving product performance and quality

TROY, Mich., Jan. 19, 2021 /PRNewswire/ — Altair, (Nasdaq: ALTR) a global technology company providing solutions in data analytics, simulation, and high-performance computing (HPC), today announced that is has signed a memo of understanding (MoU) with Rolls-Royce Germany to collaboratively connect artificial intelligence (AI) and engineering to derive business value across Rolls-Royce’s engineering, testing, and design of aerospace engines.

Industries globally are increasingly seeking ways to leverage data analytics and AI to significantly increase revenues, cut costs, and reduce risks. Forward-thinking organizations like Rolls-Royce Germany are undergoing groundbreaking digital transformations and have identified engineering as a key area. In particular, the collaboration with Altair will address structural analysis and testing, bringing together vast amounts of historical product and in-service data from disparate sources to unlock new AI-driven engineering use cases to drive significant business value.

«As a pioneer of the convergence of data analytics and engineering, it’s a natural fit for Altair to collaborate with Rolls-Royce Germany, an organization that sees the power of technology and the potential of AI to unlock game-changing business value,» said James R. Scapa, founder and chief executive officer, Altair. «The demand for easy-to-use, low/no code, yet flexible AI and machine learning tools has never been greater. It is an honor to be the technology provider of choice to help Rolls-Royce Germany boost its business while also further evolving our data analytics solutions.»

The Altair and Rolls-Royce Germany collaboration will address a wide variety of use cases, including applying data science to the vast amounts of engineering testing data, which can lead to a significantly reduced number of sensors needed. This single use case alone has the potential to reduce recurring costs by millions of Euros.

«We share a common vision on the convergence of AI and engineering to drive significant positive business outcomes. Altair has unique domain expertise and best-in-class, low-code data analytics technology. This collaboration will enable us to bridge the gap between engineering and data science, and empower our engineers to truly be engineers, focused on extracting the benefits of machine learning and AI from our data,» said Dr. Peter Wehle, Head of Innovation and R&T, Rolls-Royce Deutschland. «Ultimately this collaboration will help to democratize our data analytics, enabling our engineers to make better daily data-driven decisions, and transform our business and products.»

Rolls-Royce has been using AI and advanced data analytics at the heart of its business for more than 20 years, including in its world-leading engine health monitoring service, as well as manufacturing. It has recently announced two breakthroughs in AI ethics and trustworthiness, which it will publish for free on its website later this year.

Initially, Rolls-Royce Germany will leverage Altair Knowledge Works™ – a collaborative end-to-end data analytics platform – to enable engineers to apply machine learning (ML) methods utilizing simulation data, test data, manufacturing data, and operational data. Knowledge Works is designed so users can easily and efficiently access disparate data sources and formats in a low code/no code environment, transform the data, use it to build ML models, and share knowledge discovery across the business.

About Altair (Nasdaq: ALTR)

Altair is a global technology company that provides software and cloud solutions in the areas of data analytics, simulation, and high-performance computing (HPC). Altair enables organizations across broad industry segments to compete more effectively in a connected world while creating a more sustainable future. To learn more, please visit www.altair.com.

Media Contacts Altair:
Corporate
Jennifer Ristic
+1.216.849.3109
jristic@altair.com

Altair Europe/The Middle East/Africa
Evelyn Gebhardt
+49 7031 6208 0
gebhardt@altair.de

Investor Relations
The Blueshirt Group
Monica Gould +1 212.871.3927
ir@altair.com 

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