Connected Car Market worth $166.0 billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, July 24, 2020 /PRNewswire/ — According to the new market research report «Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, & Others), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware, & Region – Global Forecast to 2025″,…

CHICAGO, July 24, 2020 /PRNewswire/ — According to the new market research report «Connected Car Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration, & Others), Form, End Market (OE, Aftermarket), Network, Transponder, Hardware, & Region – Global Forecast to 2025″, published by MarketsandMarkets™, the global Connected Car Market size is projected to reach USD 166.0 billion by 2025, from an estimated USD 53.9 billion in 2020, at a CAGR of 25.2%.

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The growth of the global connected car market is influenced by factors such as increasing trend of in-vehicle connectivity solutions and government initiatives toward developments in intelligent transportation systems. Therefore, the connected car market is expected to witness significant growth in the future.

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148 – Tables

58 – Figures

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The autopilot market is expected to grow at the fastest CAGR.

The introduction of autopilot would minimize driver intervention. As autonomous technology nears Level 3 & above, it would help achieve the automaker’s goals of commercializing fully autonomous vehicles for consumers by 2022. For instance, the upcoming model of the Cadillac CT6 will be equipped with the semi-autonomous «Super Cruise» feature that will essentially allow fully autonomous single-lane travel on divided highways.

Similarly, Audi will also be including its Level 3 semi-autonomous technology in the upcoming model of the A8. Audi’s AI-based traffic jam pilot would enable highly automated driving at Level 3. With all the developments in autopilot or autonomous driving field, the demand for connected services related to autopilot is expected to rise in the coming future.

Embedded connectivity is expected to grow at the fastest CAGR in the global connected car market.

The growth in embedded technology is being driven by regulatory mandates in the EU, which recently mandated that all new car models in member states must have embedded technology as part of its European eCall system, connecting a vehicle to emergency services, following a collision and providing location and impact information. Similar mandates could be announced by other countries in the future. The growth of embedded form of connected solutions in the long term is attributed to various disruptive factors such as government mandates, cost optimization of service plans, and increase in cloud-based services. By 2025, embedded form of connectivity is estimated to dominate the market.

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Asia Pacific is expected to lead the global connected car market during the forecast period.

One of the key drivers for the Asia Pacific market is the increased demand for infotainment and navigation services, particularly in China, Japan, India, and South Korea. The tech-savvy population in these countries demands a better and connected driving experience. The demand for connected cars in Asia Pacific is driven significantly by the strong economic growth, growing population, and rapid urbanization. As safety regulations have been made in Japan and South Korea, the connected car market in these countries is anticipated to increase in coming years.

In 2017, the Chinese Ministry of Industry and Information Technology (MIIT) and the Standardization Administration of China (SAC) issued a draft to establish national standards for China’s Intelligent & Connected Vehicles (ICV). Due to the growing population and vehicle demand, China is expected to introduce vehicle and road safety regulations. Baidu and Alibaba, which are biggest technology companies in China are pushing to develop platforms for connected cars.

Japanese automotive companies are also inventing and implementing connected car services and solutions. In 2019, Airbiquity announced that it became a member of the Japan Automotive Software Platform and Architecture (JASPAR), an organization dedicated to advancing the standardization of in-vehicle software and networks to enhance development efficiency and reliability.

The globally connected car market is dominated by major players such as Continental (Germany), Bosch (Germany), HARMAN (US), Airbiquity (US), and Visteon (US).

Browse Related Reports:

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Over the Air Updates Market for Automotive by Technology (SOTA and FOTA), Application (ECU, TCU, Infotainment, and Safety & Security), Vehicle Type (PC and CV), Electric Vehicle Type (BEV, HEV, and PHEV), and Region – Global Forecast to 2022

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Automotive Exterior Trim Parts Market to be driven by Sustainable Production Practices, Future Market Insights

DUBAI, U.A.E, July 23, 2020 /PRNewswire/ — According to Future Market Insights, the automotive exterior trim parts market is expected to be valued at US$ 30.3 Bn by 2030-end.

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DUBAI, U.A.E, July 23, 2020 /PRNewswire/ — According to Future Market Insights, the automotive exterior trim parts market is expected to be valued at US$ 30.3 Bn by 2030-end.

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The need for light-weight materials has radically transformed automotive exterior trim parts manufacturing, with the introduction of light plastics. These have not only assisted in weight reduction but also provide resistance to hostile weather conditions and reduction in fuel emissions.

Some of the plastics used for this purpose are thermoplastic olefins, polyamides, polypropylene and polyesters. Besides offering the aforementioned advantages, these plastics are recyclable, thus enabling manufacturers to improve their environmental footprints. Additionally, the incorporation of hybrid materials using a combination of plastic and steel in exterior trim parts to provide greater structural strength and cost-savings is boding extremely well for the market.

«Automotive exterior trim parts manufacturers are leveraging digital platforms to deepen market penetration, along with enhanced mobility solutions, ushering in consummate changes in market dynamics,» infers an FMI analyst.

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Key Takeaways from FMI’s Automotive Exterior Trim Parts Report

  • Automotive exterior trim parts market will expand at 4.6% CAGR through 2030
  • Greater emphasis on automobile aesthetics to provide major traction to specialized exterior trim parts
  • Sustainability and light-weight are the key focal points of manufacturers
  • Bumpers shall capture 13% of the total value share of the automotive exterior trim parts market
  • Emerging economies shall contribute over half of the total revenue share in the automotive exterior trim parts market

Automotive Exterior Trim Parts Market- Key Trends

  • Recyclable polymers and plastics are acquiring immense ground, enabling manufacturers to reduce their carbon footprints
  • Sustainable materials such as honeycombs are used to manufacture car bumpers, reducing chances of crash damage
  • Use of renewable feedstocks such as sugarcane and castor beans are being utilized to manufacture bio-plastics for automotive exterior trim parts
  • Aluminum-based body panels are being preferred over conventional iron and steel ones, as they are 2/5th times lighter
  • COVID-19 has led to a market drop by 200-250 BPS, with recovery anticipated during the first quarter of 2022

Automotive Exterior Trim Parts Market- Region-wise Analysis

  • East-Asia shall spearhead the global automotive exterior trim parts market growth, accounting for an impressive 33% market share by 2020-end
  • Demand is mostly stimulated from China, attributed to a proliferating automotive industry
  • North America shall be the 2nd most lucrative market, with the US capturing over 4/5th of the market share
  • Japan and Germany are the leading suppliers of automotive trim parts, collectively comprising over 40% of the global market share

Automotive Exterior Trim Parts Market- Competitive Landscape

Market players are relying on several strategies to augment their market presence. Majority of the players concentrate on acquisitions and product innovations to remain afloat. There are less entry barriers, thus rendering the landscape fairly fragmented.

Mergers & Acquisitions constitute a major chunk of market expansion strategies. For instance, Johnson Controls collaborated with HASCO in China to provide exterior trim parts to automobile behemoths such as Ford, Mercedes-Benz, BMW and GM. Additionally, the entry of foreign players and usage of sustainable raw materials is also driving the market towards a positive direction.  

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Automotive Exterior Trim Parts Market Taxonomy

Product Type

  • Front Bumper
  • Rear Bumper
  • Outside Rear View Mirror (ORVM)
  • Rocker Panel (Under Cover)
  • Radiator Grills
  • Wheel and Cladding (Fender Liner)
  • Outside Door Handles
  • Exterior Car Door Trim
  • Mud Guard
  • Exterior Trims Parts

Vehicle Type

  • Passenger Cars
    • Compact
    • Mid-Size
    • Luxury
    • Sedan
    • SUVs
  • Commercial Vehicles
  • Heavy Trucks and Buses

Sales Channel

  • First Fit
  • Replacement

Region/Country

North America

  • U.S
  • Canada

Latin America

  • Brazil
  • Mexico
  • Rest of LATAM

Europe

  • EU-5
  • BENELUX
  • Russia
  • Rest of Europe

South Asia

  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Rest of South Asia

East Asia

  • China
  • South Korea
  • Japan

MEA

  • GCC
  • Turkey
  • Northern Africa
  • South Africa
  • Rest of MEA

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Find More Valuable Insights on Automotive Exterior Trim Parts Market

FMI in its new market research study, offers an unbiased analysis of the automotive exterior trim parts market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report offers complete analysis on global automotive exterior trim parts market through four different categories – By Product Type, By Vehicle Type, By Sales Channel and region. The global automotive exterior trim parts market study provides information of pricing by different life cycle analysis, product life cycle, key market trends and technologies which are being implemented in the production of the automotive exterior trim parts and product adoption in varied end use industries.

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Charging Infrastructure Advancements Expected to Close Gap in Sales for Canadian EV Market

Introduction of non-cash incentives will boost EV adoption, says Frost & Sullivan

SANTA CLARA, California, July 23, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Strategic Analysis of the Canadian EV Market, predicts that the Canadian electric vehicle (EV) market is likely to experience a possible stagnation in 2020 due to the lack of support from provincial governments. However, federal incentives are expected to give an impetus to the market. The country…

Introduction of non-cash incentives will boost EV adoption, says Frost & Sullivan

SANTA CLARA, California, July 23, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Strategic Analysis of the Canadian EV Market, predicts that the Canadian electric vehicle (EV) market is likely to experience a possible stagnation in 2020 due to the lack of support from provincial governments. However, federal incentives are expected to give an impetus to the market. The country continues to prefer hybrid electric vehicles over plug-in electric vehicles (PEVs). Despite this, the gap in sales is reducing and will continue to do so as charging infrastructure improves in 2020 and beyond.

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«As there exists a notable lack of non-cash incentives in current provincial EV-centric policies and schemes, provincial governments, apart from the Big 3—Quebec, Ontario, British Columbia—need to introduce such incentives to push EV adoption,» said Ishaan Kolse, Automotive & Transportation Research Associate at Frost & Sullivan. «Additionally, charging station networks must be extended beyond the southern part of Canada and penetrate the entire country to address range anxiety.»

Kolse added: «As reflected by its 100.7% year-on-year growth, the xEV market is demonstrating substantial demand. Further, this is the time to invest in the supply chain to lower cost of ownership of xEVs (versus internal combustion engine vehicles) and increase rate of adoption for potential customers.»

If the Canadian government’s ambitious sales and emission targets are reflected in the policies it establishes, EV growth could skyrocket in the near future, unlocking immense growth opportunities for market participants. Frost & Sullivan recommendations include:

  • Original equipment manufacturers (OEMs) should introduce xEV pick-ups before the market reaches saturation.
  • Charging station infrastructure must be rapidly extended across the country to address range anxiety.
  • Large OEMs and the government can leverage the availability and expertise of local EV makers.
  • Introduction of quality-of-life and utility-based incentives can push the demand for EVs in the country.

Strategic Analysis of the Canadian EV Market is the latest addition to Frost & Sullivan’s Automotive & Transportation research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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AUTOCRYPT Wins V2X SCMS Contract for Nationwide ITS Project

SEOUL, South Korea, July 23, 2020 /PRNewswire/ — AUTOCRYPT Co., Ltd., a leading transportation security solutions provider, announced that it would be heading the Korean Expressway Corporation (KEC) V2X Security Credential Management System (SCMS) project. AUTOCRYPT is to deliver production-grade SCMS for KEC, which announced its plans for a national V2X security authentication system earlier this year. 

SCMS implementation is essential in a connected car environment as vehicles share…

SEOUL, South Korea, July 23, 2020 /PRNewswire/ — AUTOCRYPT Co., Ltd., a leading transportation security solutions provider, announced that it would be heading the Korean Expressway Corporation (KEC) V2X Security Credential Management System (SCMS) project. AUTOCRYPT is to deliver production-grade SCMS for KEC, which announced its plans for a national V2X security authentication system earlier this year. 

SCMS implementation is essential in a connected car environment as vehicles share information and data with all elements of the transportation environment including other vehicles, traffic infrastructure, mobile devices, and service providers through Vehicle-to-Everything (V2X) communication. AUTOCRYPT’s SCMS will ensure that only authenticated and enrolled devices can participate in communications to prevent attempts to infiltrate V2X communication messages, while protecting personal information in autonomous driving environments. 

AUTOCRYPT remains the first and only company in the APAC region to have not only developed a standards-compliant V2X SCMS, but to have also successfully tested and verified its interoperability with global device vendors. In addition to certification and verification activities via the Intelligent Transport Society of Korea (ITSK) as well as OmniAir PlugFest, AUTOCRYPT has already deployed its V2X security technology for KEC’s Intelligent Transport System (ITS) projects across the Sejong, Yeoju, and the Hwaseong K-city testbeds, securing communications since 2016. The larger Seoul Metropolitan area as well as Jeju Island are currently undergoing the final stages of construction in support of security system implementation, and Gwangju and Ulsan are set to begin construction in July 2020. 

Daniel ES Kim, CEO, said regarding the project, «Security is the cornerstone of smart mobility because no amount of risk should be permissible when it comes to driver, passenger, and pedestrian safety. Therefore, we are very honored to be heading this project for KEC, and do not take the responsibility lightly when it comes to securing V2X communications. We hope that other smart road projects worldwide will follow suit and implement comprehensive, end-to-end full stack security solutions as well.» 

In June 2020 AUTOCRYPT announced headway in the Chinese market, and that it plans on further expanding its ITS efforts worldwide in Q4 2020 and into 2021. 

AUTOCRYPT is the leading player in mobility security technologies. Recognized by TU-Automotive as the Best Auto Cybersecurity Product/Solution of 2019, AUTOCRYPT continues to pave the way in transportation and mobility security through a multi-layered, holistic approach. Through security solutions for V2X/C-V2X, V2G (including Plug & Charge security), in-vehicle security, and Fleet Management, AUTOCRYPT ensures that security is prioritized before vehicles hit the road. 

Visit www.autocrypt.io for more information, and contact marketing@autocrypt.io for partnership inquiries.

Electric Vehicle Charging Stations Market Worth $29.7 Billion by 2027- Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®

LONDON, July 22, 2020 /PRNewswire/ — According to a new market research report titled, «Electric Vehicle Charging Stations Market by Type (Plug-in, Wireless), Component (Hardware, Software), Bus Charging Infrastructure, Connector (CCS, CHAdeMO, GB/T, Tesla Supercharger),…

LONDON, July 22, 2020 /PRNewswire/ — According to a new market research report titled, «Electric Vehicle Charging Stations Market by Type (Plug-in, Wireless), Component (Hardware, Software), Bus Charging Infrastructure, Connector (CCS, CHAdeMO, GB/T, Tesla Supercharger), Installation, and End User- Global Forecast to 2027″, the electric vehicle charging stations market is expected to grow at a CAGR of 39.8% from 2020 to reach $29.7 billion by 2027. In terms of volume, this market is expected to grow at a CAGR of 31.8% from 2020 to reach 15,025.5 thousand units by 2027.

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Electric vehicles (EVs) are a rapidly growing concept within the automotive industry owing to the improved technology, customer inclination towards minimizing carbon footprints, and government policy incentives. Currently, the electric vehicle industry is undergoing a technological transformation with two-fold objectives to improve vehicle range with charging infrastructure. Electric vehicle automakers are investing heavily in charging station infrastructure in order to support their long-range battery electric vehicles. Government incentives, subsidies, and funding for the installation of charging stations and automakers’ initiatives for charging infrastructure development are the key factors driving the growth of the global electric vehicle charging stations market. However, the high cost of fast-charging stations; stringent rules for installation; and complex charging infrastructure will obstruct the growth of this market to some extent.

Impact of COVID-19 on the electric vehicle charging stations market

Among the most exposed verticals to the ongoing COVID-19 outbreak, the automotive & transportation industry is currently facing unprecedented uncertainty. The COVID-19 is projected to dramatically affect the supply chain and the market for goods in the automotive sector. The concern of the industry has shifted from focusing on China’s supply chain disruption to the overall slump in demand for automotive products. Commercial vehicle demand is expected to plummet with all non-essential services being shut down. Furthermore, shifts in consumer purchasing behavior due to uncertainty surrounding the pandemic may have significant consequences for the industry’s near-future growth. Meanwhile, shortfall and cash crunch have already affected fleet operators’ sales, which is expected to widen further in the coming months.

However, the electric vehicle production seems to be somewhat less affected by the pandemic as predicted production levels for EVs in 2020 are expected to be more or less similar to that in 2019. As a result, the demand for EV infrastructure is not expected to be significantly disrupted due to the current pandemic, since electric vehicles and its associated charging infrastructure and sales originates from China, which has recovered from the pandemic to sustain its global dominance in terms of EV production. The Chinese government has also announced stimulus packages toward boosting the development of a network of electric vehicle charging stations.

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The electric vehicle adoption rate is growing, and many countries across the globe are investing heavily in research and development. Countries such as Canada, Australia, India, the Netherlands, and Germany have launched numerous programs to promote the adoption of electric vehicles. The government incentive programs for the future would assist the energy industry to solve the economic crisis triggered by COVID-19 through significant investments in charging facilities. Hence, most of the governments in these regions have used rehabilitation of infrastructure as an economic stimulus during COVID-19.

The global electric vehicle charging stations market study presents historical market data in terms of value and volume (2018 and 2019), estimated current data (2020), and forecasts for 2027. The market is segmented on the basis of type, component, bus charging infrastructure, Connector, installation, and end-user. The study also evaluates industry competitors and analyses the market at the country level. 

Based on the charging station type, the plug-in charging stations segment is estimated to account for the largest share of the overall electric vehicle charging stations market in 2020. The growth in this segment is mainly driven by the government and automakers initiatives to expand the level 3 plug-in charging station infrastructure. However, the wireless charging stations market is expected to witness rapid growth during the forecast period. The rapid growth of this segment is primarily attributed to the automaker’s initiatives for the development of wireless charging stations technology and government funding for the installation of the wireless charging stations.

Further, the plug-in charging stations market is further segmented into level 1 charging station, level 2 charging station, and level 3 charging station. The level 3 charging station segment is estimated to command the largest share of the plug-in electric vehicle charging stations market in 2020. The large share of this segment is mainly attributed to the factors such as rising government initiatives for the installation of fast-charging stations; rebate on the purchase of level 3 charging stations; growing investment by automakers in level 3 charging stations in order to support their long-range battery electric vehicle; and advantage of faster charging than other types of charging stations.

Based on bus charging infrastructure, the off-board top-down pantograph segment is estimated to command the largest share of the overall electric vehicle charging stations market in 2020, which is mainly attributed to its fast, reliable, and versatile operation as it consists of one charging terminal that adds a lot of flexibility to eBus service since the off-board charging infrastructure can be used by several buses per hour, even of different manufacturers. However, the on-board bottom-up pantograph segment is estimated to witness rapid growth during the forecast period. The on-board bottom-up pantograph charging solution is a fast-charging system mainly used for the charging of electric buses in cities with existing DC networks, such as for tramways. The key factor driving the growth of this segment include increasing adoption of electric buses in countries such as China and the United States over the past years.

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Based on connector type, the GB/T segment is estimated to command the largest share of the overall electric vehicle charging stations market in 2020. The largest share of this market is mainly attributed to the fact that China’s dominating position in the charging station market, where GB/T is the most common type of charging station connector standard. However, the Combined Charging System (CCS) segment is expected to grow with the fastest CAGR during the forecast period. This is primarily attributed to the increasing preference by major U.S. and European automakers such as BMW  (Germany), Tesla (U.S.),  Daimler AG (Germany), FCA (U.K), Ford (U.S.), Jaguar (U.K.), General Motors (U.S.), Group  PSA (France), MG (U.K.), Polestar (Canada), Renault (France), and Volkswagen Group (Germany). 

Based on installation type, the fixed charging stations segment is estimated to account for the largest share of the overall electric vehicle charging stations market in 2020, mainly due to the rising focus of government agencies on providing funds to charging station OEMs for the development of charging stations. Moreover, the growing collaborations among various industry stakeholders such as charging station OEMs, electric vehicle manufacturers, charging network operators, corporates, and utility service providers to deploy fast-charging stations, expand their geographical presence, and enable cost-effective deployment of charging network further supports the growth of this segment. However, the portable charger segment is expected to be the fastest-growing market during the forecast period.

Geographically, the Asia Pacific region is estimated to command the largest share of the overall electric vehicle charging stations market in 2020. Also, Asia Pacific region is expected to witness a rapid growth during the forecast period. The rapid growth of this region is mainly driven by the high adoption of electric vehicles in countries such as China and Japan, owing to the electrification of the automotive industry along with the initiatives for setting up charging infrastructure. For instance, the Ministry of Industry and Information Technology of China announced its new energy vehicle (NEV) quota in September 2017, requiring all car manufacturers in the country with over 30,000 annual vehicle sales to produce 10% new electric vehicles in 2019 and 12% in 2020. In addition, countries such as South Korea and India are taking initiatives to reduce greenhouse gas emissions by increasing the adoption rate of electric vehicles. For instance, on 1 April 2019, the government of India launched the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme to encourage the adoption of electric vehicles and its associated charging infrastructure.

The report also includes extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past 4 years (2016–2019). The electric vehicle charging stations market has witnessed a number of products launches in recent years. For instance, in September 2019, ChargePoint launched its most powerful, fastest and versatile home charger, ChargePoint Home Flex, which can deliver power up to 50 amps. It also offers a unique combination of speed and versatility, making it the most flexible home charger. Similarly, in October 2018, Webasto had launched its two new smart charging solutions: Webasto Live for the European market and Webasto TurboDX for the American and Asian markets. These new solutions allow flexible networking through a mobile network app.

The global electric vehicle charging stations market is consolidated and dominated by few major players, namely ABB (Switzerland), ChargePoint, Inc. (U.S.), Tesla, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Efacec (Portugal), Delta Electronics, Inc. (Taiwan), Leviton Manufacturing Co., Inc. (U.S.), EVBox (The Netherland), Blink Charging (U.S.), Alfen (The Netherland), The New Motion B.V. (The Netherland), Star Charge (China), Eaton Corporation Inc (Ireland), SemaConnect (U.S.), Webasto (Germany), Robert Bosch GmbH (Germany), and ClipperCreek Inc. (U.S.), among others.

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Scope of the report

EV Charging Stations Market by Type

  • Plug-in Charging Station
    • Level 1 Charging Station
    • Level 2 Charging Station
    • Level 3 Charging Station
  • Wireless Charging Station

EV Charging Stations Market by Component

  • Hardware
  • Software

EV Charging Stations Market by Bus Charging Infrastructure

  • Off-Board Top-Down Pantograph
  • On-Board Bottom-Up Pantograph

EV Charging Stations Market by Connector Type

  • CCS
  • CHAdeMO
  • GB/T
  • Tesla Supercharger
  • Type 1 (SAE J1772)
  • Type 2 (IEC 62196)

EV Charging Stations Market by Installation Type

  • Portable
  • Fixed

EV Charging Stations Market by End User

  • Commercial
    • On-Road
    • Public Parking
    • Others
  • Non-Commercial
    • Residential
    • Non-Residential

EV Charging Stations Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • The Netherlands
    • Norway
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • Latin America
  • Middle East and Africa

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Automotive Engineering Services Market by Service Type (Concept, Prototyping, Testing), Application (Body Engineering, Powertrain, Infotainment, Chassis, Safety Systems, Electrical, Body Controls, Connected Cars), Vehicle Type – Global Forecast to 2027

https://www.meticulousresearch.com/product/automotive-engineering-services-market-5043/

Automotive Artificial Intelligence (AI) Market by Component (Hardware, Software), Technology (Machine Learning, Computer Vision), Process (Signal Recognition, Image Recognition) and Application (Semi-Autonomous Driving) – Global Forecast to 2027

https://www.meticulousresearch.com/product/automotive-artificial-intelligence-market-4996/

Contact:
Mr. Khushal Bombe
Meticulous Research®
Direct Lines: +1-646-781-8004 (North America)
+44-203-868-8738 (Europe)
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Email- sales@meticulousresearch.com
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Content Source: https://www.meticulousresearch.com/press-release/electric-vehicle-charging-stations-market-2027/423

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Nikola Announces Redemption of Public Warrants

PHOENIX, July 22, 2020 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA; NKLAW) («Nikola» or the «Company»), today announced that the Company will redeem all of its outstanding warrants (the «Public Warrants») to purchase shares of the Company’s common stock, $0.0001 par value per share (the «Common Stock»), that were issued under the Warrant Agreement, dated as of May 15, 2018 (the «Warrant Agreement»), by and between the VectoIQ Acquisition…

PHOENIX, July 22, 2020 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA; NKLAW) («Nikola» or the «Company»), today announced that the Company will redeem all of its outstanding warrants (the «Public Warrants») to purchase shares of the Company’s common stock, $0.0001 par value per share (the «Common Stock»), that were issued under the Warrant Agreement, dated as of May 15, 2018 (the «Warrant Agreement»), by and between the VectoIQ Acquisition Corp. («VectoIQ») and Continental Stock Transfer & Trust Company, as warrant agent (the «Warrant Agent»), and that remain outstanding at 5:00 p.m. New York City time on August 21, 2020 (the «Redemption Date») for a redemption price of $0.01 per Public Warrant (the «Redemption Price»). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement and still held by the initial holders thereof or their permitted transferees are not subject to this redemption.

Under the terms of the Warrant Agreement, the Company is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. This share price performance target has been met. At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants. 

The Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such warrants, at the exercise price of $11.50 per share. Any Public Warrants that remain unexercised following 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant. The 23 million Public Warrants are exercisable for an aggregate of 23 million shares of Common Stock at a price of $11.50 per share, representing a total of $264.5 million in potential proceeds to Nikola.

None of the Company, its board of directors or employees has made or is making any representation or recommendation to any holder of the Public Warrants as to whether to exercise or refrain from exercising any Public Warrants.

The shares of Common Stock underlying the Public Warrants have been registered by Nikola under the Securities Act of 1933, as amended, and are covered by a registration statement filed on Form S-1 with, and declared effective by, the Securities and Exchange Commission (Registration No. 333-239185).

Questions concerning redemption and exercise of the Public Warrants can be directed to Continental Stock Transfer & Trust Company, 1 State Street, 30th Floor, New York, New York 10004, Attention: Compliance Department, telephone number (212) 509-4000.

No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Nikola Corporation
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona.

Forward Looking Statements Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as «believe,» «may,» «will,» «estimate,» «continue,» «anticipate,» «intend,» «expect,» «should,» «would,» «plan,» «predict,» «potential,» «seem,» «seek,» «future,» «outlook,» and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the redemption of the Public Warrants and the expected proceeds from the exercise of the Public Warrants. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Nikola’s management and are not predictions of actual performance. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including but not limited to general economic, financial, legal, political and business conditions and changes in domestic and foreign markets, and the impact of COVID-19 on our business and the economy as a whole, and the other risks discussed under the heading «Risk Factors» in the definitive proxy statement/prospectus/information statement filed by VectoIQ on May 8, 2020 and other documents Nikola files with the SEC in the future. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. These forward-looking statements speak only as of the date hereof and Nikola disclaims any obligation to update these forward-looking statements.

Contact Information

Investor Inquiries, please contact:
investors@nikolamotor.com

Media Inquiries:
Nicole Rose
nicole.rose@nikolamotor.com

Colleen Robar
crobar@robarpr.com

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Frost & Sullivan Applaudes AWS for Leading the Automotive Cloud Services Market with a Comprehensive Suite of Solutions

AWS complements its large ecosystem of solutions and partners with a deep focus on customer experience

SANTA CLARA, California, July 21, 2020 /PRNewswire/ — Based on its recent analysis of global automotive cloud services platforms for the mobility industry, Frost & Sullivan recognizes Amazon…

AWS complements its large ecosystem of solutions and partners with a deep focus on customer experience

SANTA CLARA, California, July 21, 2020 /PRNewswire/ — Based on its recent analysis of global automotive cloud services platforms for the mobility industry, Frost & Sullivan recognizes Amazon Web Services, Inc. (AWS) with the 2020 Global Company of the Year Award. AWS has cemented its leadership in cloud by delivering innovative solutions to automotive companies for unique connected, autonomous, shared, and electric (CASE) use cases. It also offers unparalleled support through dedicated account managers, solution architects, and a partner community that can deliver round-the-clock services at scale.

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AWS offers over 175 fully featured services from the world’s most comprehensive and broadly adopted cloud platfrom from 76 Availability Zones (AZs) within 24 geographic regions. The company boasts a more extensive set of CASE-related cloud services, such as AWS IoT, AWS Outposts, and AWS Wavelength, than what is available from other competitors. AWS offers broad and deep capabilities, including artificial intelligence and machine learning, Internet of Things (IoT), high-performance computing, purpose-built databases, and data analytics. These capabilities reinforce high performance, tight security, continuous innovation, and the largest customer and partner community in the world.

«AWS stands out with its industry-best scalability, elasticity, innovation, cost savings, and global reach. More importantly, it creates clear value by focusing on its clients and then co-locating, co-developing, and co-investing with them through a highly distinct engagement model,» said Niranjan Manohar, Research Director at Frost & Sullivan. «The company places direct emphasis on interoperability to connect its platform to the broader ecosystem of Amazon’s offerings, such as its supply chain or Alexa. By maintaining this level of interconnectivity, AWS can provide a rich, differentiated experience for its customer base.»

Further demonstrating its leadership, AWS supports the entire automotive value chain, including auto-tech start-ups, Tier I suppliers, mobility service providers, fleet providers, and OEMs. Its partner-centric strategy supports several purpose-built, connected car, and autonomous third-party platforms. Besides CASE offerings, AWS specializes in product innovation, connected mobility, digital customer engagement, manufacturing, and supply chains. Its solution architects are available to provide assessments and actively seek out opportunities to reduce operational costs and increase revenue.

«In 2019, AWS collaborated with Volkswagen to power Volkswagen’s Industrial Cloud. Ford Motor Company and Autonomic both began a multi-year agreement with AWS to expand the availability of cloud connectivity services and connected car application development services. Its expanding list of clients includes industry powerhouses like BMW Group, Kia, Honda, Mazda, Uber, Elektrobit, Cox Automotive, and Edmunds,» noted Manohar. «With its innovative solutions, customer-centric design, and strong overall performance, AWS is expected to continue dominating the market in the future.»

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become 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.

Contact:
Kristen Moore
P: 210.247.3823
E: kristen.moore@frost.com

 

Nine Leading Businesses Launch New Initiative to Accelerate Progress to a Net Zero Future

Initiative is committed to leading by example, charting the course for other businesses to follow

REDMOND, Washington, July 21, 2020 /PRNewswire/ — The heads of nine companies today announced the establishment of a new initiative to accelerate the transition to a net zero global economy. The initiative, known as

Initiative is committed to leading by example, charting the course for other businesses to follow

REDMOND, Washington, July 21, 2020 /PRNewswire/ — The heads of nine companies today announced the establishment of a new initiative to accelerate the transition to a net zero global economy. The initiative, known as Transform to Net Zero, intends to develop and deliver research, guidance, and implementable roadmaps to enable all businesses to achieve net zero emissions.

The Initiative will be led by founding members including A.P. Moller – Maersk, Danone, Mercedes-Benz AG, Microsoft Corp., Natura &Co, NIKE, Inc., Starbucks, Unilever, and Wipro, as well as Environmental Defense Fund (EDF). The Initiative is supported by BSR, which is serving as the Secretariat for the Initiative.

Transform to Net Zero will focus on enabling the business transformation needed to achieve net zero emissions no later than 2050, in addition to driving broader change with a focus on policy, innovation, and finance. The outputs of the initiative will be widely available to all, though additional companies may join. The Initiative intends to complete the outputs of this work by 2025.

The work will be led by the following principles:

  1. Focused on transformation: Delivering on our individual commitments and translating into action, which will include corporate strategy, governance and accountability, finance and operations, risk management, procurement, innovation and R&D, marketing, and public affairs.
  2. Led by science and best practice data and methods: Committed to standardized approaches to achieve what the best available science requires for a 1.5°C world; committed to improving the quality and availability of research, data, and tools for all; committed to the highest return for the climate on investment.
  3. Leveraging existing efforts: Committed to open collaboration with existing net zero initiatives (sign-on, advocacy, sectorial, methodology efforts) to leverage existing work and advance business transformation to net zero.
  4. Strong governance and oversight: At the highest levels of the company, governance and oversight structures will work to achieve net zero, including through developing innovative products, services, and business models. 
  5. Robust reduction and removal across the extended enterprise: Net zero requires emissions reductions across the entire value chain, including impact of products and services and supply chain. Net zero requires us to achieve greenhouse gas (GHG) emissions reductions aligned with the latest science and increase our capacity for GHG removals in the near term to be the path to get companies—and the world—to net zero no later than 2050 to ensure a stable climate, and will mean a mix of climate-positive actions should be pursued.
  6. Investment in innovation: Substantial commitment and willingness to invest in and accelerate innovation to achieve net zero transformation, including partnering with others.
  7. Policy engagement: Advancing public policy that enables and accelerates progress towards net zero, and engagement with bodies such as trade associations to achieve this objective.
  8. Transparency and accountability: Public reporting and disclosure on progress towards net zero transformation to key stakeholders, including investors, customers, consumers, and where required―regulators; sharing information with all stakeholders on good practice to net zero transformation. 
  9. Just and sustainable transition: We know that marginalised groups and low-income communities bear the greatest impacts of climate change. Therefore, we will help enable conditions needed to achieve effective, just, and sustainable climate solutions for people of all gender, race, or skills.

Commentary:

A.P. Moller – Maersk
Søren Skou, CEO of A.P. Moller – Maersk, said: «A.P. Moller – Maersk is committed to a carbon-neutral future of transport and logistics. To contribute to the Paris agreement’s goal, we announced our ambition of having net-zero CO2 emissions by 2050 back in 2018. Since then we have taken several concrete actions to decarbonise the industry. The overall target of keeping global warming below 1.5 degrees can only be reached through strong alliances across sectors and businesses. We are therefore happy to join Microsoft and other global companies in the Transform to Net Zero initiative.»

BSR
Aron Cramer, President and CEO of BSR, said: «Over the past decade, many businesses have committed to net zero targets. It is now time to accelerate the actions needed to achieve this essential goal. Our window for staying under 1.5 degrees of warming is closing, and fast.  We are now in a decisive decade, in which we must urgently decarbonize the economy, if we are to stave off the worst impacts of climate change. That’s why Transform to Net Zero is so important. More than just setting a high bar for inspiration, Transform to Net Zero will provide companies with an actionable roadmap enabling them to transform their businesses to thrive in and shape a net zero economy.»

Danone
Emmanuel Faber, Chairman and CEO of Danone, said: «Our One Planet. One Health frame of action puts the climate at the core of the food system transformation. Carbon neutrality is therefore not optional for Danone, it is a way to reinvent our growth model. This revolution cannot be achieved alone. That’s why I truly believe in the collective power of Transform to Net Zero. Let’s share best practices and build new systems to create the evidence-based solutions that will help us drive the change and keep global warming under 1.5°C.»

Environmental Defense Fund
Fred Krupp, President of Environmental Defense Fund, said: «The gap between where we are on climate change and where we need to be continues to widen. So does the gap between businesses that just talk about action and those that are actually getting the job done. This new initiative holds tremendous potential for closing these gaps. Especially if other businesses follow in the coalition’s footsteps, leading by example and using the most powerful tool that companies have for fighting climate change: their political influence.»

Mercedes-Benz AG
Ola Källenius, Chairman of the Board of Management of Daimler AG and Mercedes-Benz AG, said: «If there is one lesson we can learn from dealing with the COVID-19-pandemic it is how much we can achieve if we act together. This is the only way we can also win the fight against climate change. We need to set common goals and implement measures to achieve them. That’s why we are joining ‘Transform to Net Zero.’ Our mission at Mercedes-Benz is CO2-neutral mobility. We are making good progress towards this end and we are determined to follow through.»

Microsoft
Brad Smith, President, Microsoft, said: «No one company can address the climate crisis alone. That’s why leading companies are developing and sharing best practices, research, and learnings to help everyone move forward. Whether a company is just getting started or is well on its path, Transform to Net Zero can help us all turn carbon commitments into real progress toward a net zero future.»

Natura &Co.
Roberto Marques, Executive Chairman of the Board and group CEO of Natura &Co., said: «At Natura &Co we truly believe in cooperation. We recently released our 2030 Commitment to Life in which we set for all our business the target to become net carbon zero in ten years. But to address the climate crises the world is facing, we need to help each other to do more and faster. The Net Zero initiative strives to do just that, bringing together companies committed to making the right changes at the right pace. We are committed to build a brighter future that will allow not only a greener world for future generations but the economic recovery under new premises that that society is demanding.»

NIKE, Inc.
Andy Campion, Chief Operating Officer, NIKE, Inc., said: «When it comes to protecting the playing field we share—our planet—there isn’t a moment to lose. That’s why we aren’t waiting for solutions to climate change, we’re coming together as global leaders to create them. If we act now, and work together, we can drive meaningful progress toward a more sustainable future. We’ll be relentless in our pursuit of ensuring a healthy planet for generations of athletes to come.»

Starbucks
Kevin Johnson, Starbucks President and Chief Executive Officer, said: «Starbucks aspires to be a resource-positive company by building on our long history in sustainability. Joining Transform to Net Zero aligned with our aspiration for a more sustainable future. Partnering with other like-minded companies, we will open-source best practices, advocate for positive government policies, and support a just transition. We believe in driving real change and encourage other organizations to join us in this critical effort for humanity.»

Unilever
Alan Jope, Unilever CEO, said: «The climate crisis is not only a threat to our environment, but also to lives and livelihoods, and it is critical that we all play a part in addressing it. The business world of the future cannot look like it does now; in addition to decarbonisation, a full system transformation is needed. That’s why we’re pleased to join other leading businesses as a founding member of Transform to Net Zero so we can work together and accelerate the strategic shift that is needed to achieve net zero emissions; in Unilever’s case, by 2039.»

Wipro
Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Limited, said: «We are pleased to be a founding member of Transform to Net Zero. It is closely aligned with our values and our commitment to sustainability. Climate change is a defining challenge for our times and we firmly believe that businesses must step up and address the challenges head-on. A partnership forum like this can help catalyse and accelerate such a response and guide our future engagements across the value chain through a collaborative spirit of innovative, transformational solutions.»

 

Unispectral Debuts Industry’s First Mass Market ColorIR™ Tunable NIR Filter and Spectral IR Camera

– Unispectral’s miniature tunable filter turns low cost IR cameras into 700-950nm spectral cameras. It is best suited for facial recognition, consumer portable devices, IOT, robotics and mass market cameras. ColorIR products enable advanced machine vision, material sensing and computational photography.

TEL AVIV, Israel, July 20, 2020 /PRNewswire/ — Unispectral, developer of the ColorIR™ filter, today announced the availability of a new…

– Unispectral’s miniature tunable filter turns low cost IR cameras into 700-950nm spectral cameras. It is best suited for facial recognition, consumer portable devices, IOT, robotics and mass market cameras. ColorIR products enable advanced machine vision, material sensing and computational photography.

TEL AVIV, Israel, July 20, 2020 /PRNewswire/ — Unispectral, developer of the ColorIR™ filter, today announced the availability of a new Evaluation Kit for its tunable NIR filter and camera.

The core product consists of a tunable MEMS filter assembled on a camera module. RaspberryPi is used to capture parameters and interface by USB/WiFi to PC or Mobile device. SDK is included to develop additional applications.

«Our excellent team is proud to roll out this tunable filter which connects seeing with sensing. It makes spectral cameras accessible for mass-market platforms. The market strives to find an effective solution for adding spectral information to cameras and we believe our technology offers the best blend of performance, and cost,» said Ariel Raz, CEO of Unispectral.

The ColorIR camera captures multiple frames in different NIR wavelengths, filtered by a miniature Fabry–Pérot optical cavity MEMS. This unique solution breaks the price for legacy spectral cameras, thereby enabling new markets and use cases.

Different Use Cases of ColorIR™

Security Market: Facial Authentication, Access Control, Payment Terminals.
Smartphone Camera: image enhancement, low light and shadow picture corrections
Medical Market: Remote health inspection
Agriculture: Fruit inspection, Pesticide detection
Industrial: Production line inspection
Vehicle: DMS

Unispectral ColorIR EVK

ColorIR EVK is offered to customers for both performance evaluation and application development. It captures the filtered images while processing is done locally on the RaspberryPi, or exported to a PC via USB/WiFi. It includes a 4.3″ touchscreen for easy operation.

Availability

The ColorIR™ tunable Mems EVK is available for pre-order. Shipping is planned for end of July.

See demonstration of the EVK at: https://youtu.be/eAqeJSt36Bo

About Unispectral

Founded in 2016, Unispectral is a pioneer in spectral imaging. The company was established in the labs of Tel Aviv University with the mission of bringing the power of spectral imaging to consumer devices. Unispectral HQ is in Tel Aviv, Israel, with representatives in Hong Kong, China, and Seoul, South Korea. Unispectral.com

For more information, contact:

Dan Daniel               
Dan.dariel@unispectral.com  
+972 542288045                                                                                        

Jackson Lam
jackson.lam@unispectral.com
SZ mobile : +86 18126213451
HK mobile : +852 60768063

Ironhand® Wins NASA Commercial Invention of the Year Award

STOCKHOLM, July 17, 2020 /PRNewswire/ — Ironhand® is the world’s first active soft exoskeleton for the hand, based on Bioservo’s SEM Technology in combination with Robo-Glove, invented by NASA and General Motors. Robo-Glove and the commercialized version Ironhand® has won the NASA Commercial Invention of the Year Award for 2020.

In the Inventions and Contributions Board’s motivation, they write: «The winning invention, «Robo-Glove,» is the world’s first soft…

STOCKHOLM, July 17, 2020 /PRNewswire/ — Ironhand® is the world’s first active soft exoskeleton for the hand, based on Bioservo’s SEM Technology in combination with Robo-Glove, invented by NASA and General Motors. Robo-Glove and the commercialized version Ironhand® has won the NASA Commercial Invention of the Year Award for 2020.

In the Inventions and Contributions Board’s motivation, they write: «The winning invention, «Robo-Glove,» is the world’s first soft robotic muscle strengthening system for professional users. In developing the Robo-Glove, NASA set out to assist astronauts, improve the efficiency of spacewalks, and extend its capabilities in space exploration. Co-developer General Motors sought to improve the safety and effectiveness of the production operators working in its manufacturing plants. Robo-Glove in its commercial product form of «Ironhand» has far exceeded the current state of the art which includes: uncomfortable hand exoskeletons, passive grip strengthening gloves, or low strength rehabilitation gloves used by individuals who, for medical reasons, cannot create simple grasps. General Motors workers are using Ironhand on automobile assembly lines and performing well. No other currently available grasp assist glove is effective in performing these types of demanding manual assembly tasks.»

«We are very proud of receiving this award which recognizes a lot of hard work over the last years.» Says Petter Bäckgren, CEO at Bioservo and continues, «without the close collaboration with and the continuous feedback from our development partners, such as General Motors, we would not have been able to make Ironhand® so intuitive,  comfortable and ergonomic.»

Read the NASA announcement here

For more information, please contact
Petter Bäckgren, CEO of Bioservo Technologies AB
Phone: +46 (0)8-21-17-10
petter.backgren@bioservo.com

Mikael Wester, Marketing Director of Bioservo Technologies AB
Phone: +46 (0)8-21-17-10
mikael.wester@bioservo.com

About Ironhand®

Ironhand® is the world’s first active soft exoskeleton for the hand, designed to improve the health for workers that perform grip intensive, repetitive and static work tasks. Ironhand mimics the user’s grasp movements and gives extra strength and endurance to the grip. The extra strength relieves the muscles and conserves the energy of the user, improving productivity as well as the well-being by the end of the shift. In short, the system helps to keep the workers healthy and efficient.

About Bioservo Technologies

Bioservo Technologies AB (publ) is a world leading company in wearable muscle strengthening systems for people in need of extra strength and endurance. All our innovative products and systems are designed to keep people strong, healthy and efficient.

The company has a unique global position within soft exoskeleton technology for the hand, both for industrial applications to improve the health for workers and to improve quality of life for people with reduced muscle strength.

Bioservo Technologies was founded in 2006 in collaboration between researchers at the Royal Institute of Technology and a doctor at Karolinska University Hospital. Bioservo Technologies is a Swedish public limited company with headquarters in Stockholm.

FNCA Sweden AB, +46(0)8-528-00399, info@fnca.se is the Company’s Certified Adviser on Nasdaq First North Growth Market.

For more information, please visit

www.bioservo.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/bioservo-technologies-ab–publ-/r/ironhand–wins-nasa-commercial-invention-of-the-year-award,c3156286

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