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– High investments from automakers in EVs and growing concern about environmental pollution is driving the demand for the market

– Market Size – USD 3.64 Billion in 2019, Market Growth – CAGR of 38.6%, Market Trends –High demand from the Asia Pacific region

NEW YORK, June 9, 2020 /PRNewswire/ — The global electric vehicle charging infrastructure market is forecast to reach USD 147.94 Billion by 2030, according to a new report by Reports and Data. Governments across the globe are investing heavily in the charging infrastructure to create opportunities for the OEMs to expand their business and revenue. The Asia Pacific and European regions are leading the adoption of these vehicles to curb the level of air pollution and emission of greenhouse gases (GHGs).

However, the high cost required in the initial investment, overhaul, and maintenance is hindering the market’s development. The dramatic reduction in local air pollution, greenhouse gas emissions and resulting climate change impacts, and less oil usage from the transport sector due to the usage of electric vehicles promise a breakthrough in the future transportation sector.

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The EV30@30 projects a policy case emphasizing the widespread adoption of electric vehicles (EVs), which is in line with the EV30@30 campaign, which started at the Eighth Clean Energy Ministerial in the year 2017. The campaign set the combined ambitious target for all EVI (Electric Vehicle Initiative) members of a 30.0% share of the market for EVs in total vehicles (excluding two-wheelers) by the year 2030. Under the EV30@30 Scenario, electric vehicle sales are likely to reach 44 million vehicles/year by 2030.

The COVID-19 impact:

Due to the COVID 19 pandemic, not only are the production lines in most electric car plants at a standstill but now the first effects on charging infrastructure are becoming apparent. This concerns both the maintenance and distribution of the pillars and the production of charging points. Pod Point and Ubitricity, for example, are postponing charging point installations in the United Kingdom that are currently not necessary.

The most sudden and visible effect of the virus in the traditional automotive industry induces the standstill of much original equipment manufacturer and supplier factories, which will produce 7.5 million fewer vehicles in 2020. At the peak of the crisis, over 90% of the factories in Europe, China, and North America were closed. The stock market and vehicle sales have plummeted, and automakers & suppliers have laid-off workers. Many have secured capital by either seeking investor money or applying for government assistance, while others have suspended dividend payments and extended their credit lines.

Electric Vehicle Charging Infrastructure Market By Infrastructure Provider (Charging Point Operator, E-Mobility Service Provider, Charging Hubs), By Charging Infrastructure Type, By Charging Level, By Vehicle Type, By Installation Type, And By Application, Forecasts To 2030, To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/electric-vehicle-charging-infrastructure-market

Further key findings from the report suggest

• CHAdeMO is a standard for DC fast charging, enabling fast charging of the electric vehicles. CHAdeMO is the compressed form for CHArge de MOde and was developed in the year 2010 by a collaboration of Japanese Electric Vehicle manufacturing firms and TEPCO (Tokyo Electric Power Company).
• All the electric vehicles come with a 120-volt level 1 portable charger. These chargers can be plugged into a simple household outlet, and do not require any special installation. Most manufacturers provide a basic level 1, 120 Volt charger, and these can take between 8 & 20 hours, depending on the battery capacity of the vehicle.
• Electric bikes provide new potential, especially in leisure traffics and are in high demand in several tourist destinations. To promote the health environment, the presence of an e-bike charging infrastructure is crucial. Some of the most popular locations for e-bike charging stations are tourist attractions, restaurants, snack bars, accommodations, and leisure facilities or sights.
• The pressing environmental concerns comprising traffic congestion and pollution in the Asia Pacific region has led to a greater emphasis on the sale of electric vehicles with 56.0% of the sales coming from East Asia and 37.0% of Southeast Asia ready to buy an electric vehicle. The Asia Pacific region held a significant market share of electric vehicle charging stations in the year 2019 and is likely to witness a healthy growth rate of 39.6% in the forecast period.
• Key participants include Chargepoint, Inc., ABB Ltd., Tesla Inc., BP Chargemaster, EVGO Services LLC, Semaconnect Network, Greenlots, and EV Connect, among others.
• In February 2020, Avis India, car rental service provider, announced to partner with Quikk India, an e-mobility service provider, for the development of integrated solutions intended for corporate electric mobility services. The firms in collaboration have developed a groundbreaking, integrated AI-based model, which combines transportation services, as well as access to robust charging infrastructure, at costs approximately equivalent to those of existing ICE vehicles.

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For the purpose of this report, Reports and Data have segmented the global Electric Vehicle Charging Infrastructure Market on the basis of infrastructure provider, charging infrastructure type, charging level, vehicle type, installation type, application, and region:

Infrastructure Provider Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

• Charging Point Operator
• E-Mobility Service Provider
• Charging Hubs

Charging Infrastructure Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

• CCS
• CHADEMO
• Normal Charging
• Tesla Supercharger
• TYPE-2 (IEC 62196)

Charging Level Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

• Level 1 (120 V)
• Level 2 (208 V – 240 V)
• Level 3 (UPTO 600 V)

Vehicle Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

• Electric bike
• Plug-in hybrid PHEV
• EV passenger cars
• Heavy delivery vans
• Others

Installation Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

• Portable Charger
• Fixed Charger

Application Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

• Public
• Private

Regional Outlook (Revenue, USD Million; Volume, Thousand Units; 2017-2030)

• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• France
• Denmark
• Norway
• Sweden
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Rest of APAC
• MEA
• Latin America
• Brazil
• Rest of LATAM

Browse more similar reports on Electric and Hybrid Vehicles category by Reports And Data

• Plug-in Hybrid Electric Vehicles (PHEV) Market: https://www.reportsanddata.com/report-detail/plug-in-hybrid-electric-vehicles-phev-market
• Hybrid Vehicles Market: https://www.reportsanddata.com/report-detail/hybrid-vehicles-market

About Reports and Data 

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• Hyundai and Kia’s heat management innovation maximizes EV driving range in low temperatures
• EV drivers can heat the cabin without a significant impact on electric driving range
• Industry-leading heat pump technology originally introduced on first-generation Kia Soul EV in 2014
• Kona Electric wins Norwegian Automotive Federation’s real-range validation test

SEOUL, South Korea, June 9, 2020 /PRNewswire/ — Hyundai Motor Company and Kia Motors Corporation have today revealed new details of their innovative heat pump system, deployed in Hyundai and Kia’s global electric vehicle (EV) line-up to maximize their all-electric driving range in low temperatures.

Hyundai and Kia’s heat pump is a leading heat management innovation that maximizes the distance that Hyundai and Kia EVs can travel on a single charge, scavenging waste heat to warm the cabin. It enables EV drivers to heat their car’s cabin in cold weather without significantly impacting electric driving range, unlike other EVs.

The technology was first introduced in 2014 on the first-generation Kia Soul EV. Comprising a compressor, evaporator and condenser, the heat pump captured waste heat given off by the vehicle’s electrical components, recycling this energy to heat the cabin more efficiently. The technology meant the Soul EV’s 180 km electric range was protected in cold weather driving conditions.

The industry-leading heat pump system has now been developed further for new EVs from Hyundai and Kia. The new system scavenges waste heat from an increased number of sources for optimum cold-weather EV range. These innovations mean that Hyundai and Kia EVs offer more consistent range in temperatures where other EVs start to see a significant decline in the distance possible from a single charge. Equipped with the latest heat pump technology, the Kona Electric proved this in a recent test in Norway, the most advanced EV market in the world.

Kona Electric wins Norwegian real-range validation test

The Norwegian Automotive Federation (NAF) recently compared 20 EVs in cold and warm weather conditions to identify models with the most consistent driving range and charging performance. The test monitored the performance deviation of each vehicle in cold conditions compared to quoted manufacturer figures.

The Kona Electric took first place, travelling 405km in the cold – compared to the 449km quoted under WLTP combined cycle testing conditions (23°C / 73°F). In severe cold weather, the Kona Electric offered 91 percent of its WLTP combined cycle range, deviating just 9 percent from its claimed all-electric driving range.

How it works: EV cabin heating without the energy drain

Hyundai and Kia’s heat pump technology made its debut six years ago on the first-generation Kia Soul EV. Since then, the industry-leading heat pump technology has been developed further for new EVs from Hyundai and Kia. It now harvests significantly more energy by recycling additional waste heat not only from power electrics (PE) modules (such as drive motors, on-board chargers, and inverters), but also from the battery pack and slow charger.

The system uses the heat generated by these components to vaporize refrigerant from liquid to gas form. High-pressure gas is discharged from the compressor and forced into a condenser to be converted back into a liquid. This process generates additional heat energy that is recovered by the heat pump and used to warm the cabin.

This captured energy improves the efficiency of the HVAC (heating, ventilation and air conditioning) system, recycling it to more efficiently heat up the cabin and minimize battery power consumption. By reducing the load on the battery, the heat pump cuts energy consumption from the HVAC system, maximizing the available electric driving range of the car.

Hyundai and Kia continue to develop their heat pump technology to yield even greater improvements in energy capture and efficiency. The system has been gradually refined since its 2014 introduction through extreme cold weather testing in Northern Sweden, where temperatures can get as low as -35°C (-31°F) in the winter. By testing in extreme cold temperatures, research engineers have identified additional ways to recycle as much waste heat as possible to increase the efficiency of the heat pump system. Testing the technology in these conditions ensures the heat pump is capable of operating in even the coldest environments.

Battery pack heat management enhances EV driving range

The heat pump is one of a number of innovations found in Hyundai and Kia’s current generation of EVs, with heat management also used to realise major improvements in EV battery packs.

A water-cooling system for Hyundai and Kia’s EV battery packs, rather than conventional air cooling, have yielded further increases in range without increasing physical dimensions. This development means battery cells in Hyundai and Kia EVs can be packaged much more tightly, with water-cooling channels taking up less space than air-cooling channels, increasing battery density by up to 35 percent.

This innovation means the latest EVs from Hyundai and Kia offer around twice as much driving range and battery capacity compared to the their first-generation EVs – and are capable of travelling significantly further on a single charge. For example, the first-generation Soul EV offered owners an electric driving range of around 180km from a single charge of its 30kWh lithium-ion polymer battery pack. The second-generation Soul EV, with a 64kWh battery occupying a similar amount of space, is capable of traveling up to 386km on a single charge.

A study carried out by Korea’s Ministry of the Environment on the Hyundai Kona Electric and Kia Niro EV found that the heat pump significantly reduced battery consumption in cold conditions. When each car was driven in temperatures of -7°C (19°F) with the HVAC system activated, they were able to maintain 90 percent of their driving range compared to journeys undertaken at an ambient 26°C (79°F) – setting a new benchmark for other EVs. By contrast, many EVs offered by other manufacturers saw their total electric driving range drop by between 18 and 43 percent under the same test conditions.

Further development of heat pump technology

Hyundai and Kia continue to hone and improve the heat pump system and other heat management innovations, with the technologies currently informing the development of next-generation EVs from each brand.

Under its ‘Strategy 2025’ plan, Hyundai Motor aims to sell 670,000 battery EVs and FCEVs (fuel cell electric vehicles) annually and become a top-three EV manufacturer by 2025. Kia’s mid- to long-term strategy, dubbed ‘Plan S’, will see the brand’s line-up grow to 11 EVs over the same timeframe.

– End –

About Hyundai Motor Group

Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all.

More information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com

More information about Hyundai Motor and its products can be found at:
worldwide.hyundai.com or globalpr.hyundai.com

Visit the Kia Motors Global Media Center for more information: www.kianewscenter.com

For more information on Genesis and its new definition of luxury, please visit https://www.genesis.com

Disclaimer: Hyundai Motor Group believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.

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– Artificial Intelligence-powered innovation from Lytx identifies high-risk driving behaviours

– Lytx is unrivalled in capturing mobile phone-related distraction – combining its ultra-precise AI with the discernment of professional human review

MILTON KEYNES, England, June 9, 2020 /PRNewswire/ — Lytx^® is unveiling a next-generation technology designed to address distracted driving: enhanced machine vision and artificial intelligence-powered risk detection.

Each day in the UK, a third of all fatal accidents are caused by distracted driving. To help combat this epidemic and alleviate other high-risk behaviours for its clients, Lytx, a leading global provider of video telematics solutions for commercial, public sector and field service fleets, has enhanced its machine vision and artificial intelligence (MV+AI)-powered technology to provide near real-time insight into risky behaviours like using a handheld device while driving.

While traditional software, that merely identifies G-force triggers, can only be acted upon once the incident has happened, this technology acts like a driver’s sixth sense, constantly monitoring the road and the driver, detecting risky driving and triggering short video clips to provide insight into what’s really going on inside the vehicle. 

Lytx’s risk detection technology will be included as part of its Driver Safety Suite and will initially include four MV+AI triggers: handheld device, no seatbelt, food or drink, and driver smoking. Fleet managers can couple this with Lytx’s Fleet Tracking Service to provide a complete and integrated solution for fleets looking to optimise their vehicle technology with a single vendor.

Utilising these powerful technologies to improve safety, service and efficiency in fleets is more important than ever, particularly as the industry works towards Direct Vision Standard (DVS) compliance.

Damian Penney, vice president and general manager for Lytx Europe, said: «Our next-generation technology equips fleet managers with the tools to proactively tackle some of the toughest problems facing their fleets and drivers, such as distracted driving. These new set of triggers will help managers identify even more behaviour that could lead to potentially dangerous situations.»

Penney continued: «Our customers are looking to MV+AI technology to help them prevent high risk behaviours from becoming road incidents, the implications of which are huge from both a personal safety and a financial perspective.

«The volume and quality of our data means our MV+AI solution is unrivalled in its accuracy, with our enhanced Driver Safety Suite able to deliver absolute peace of mind.»

Lytx presents a superior and accurate view of risk, with greater than 95% accuracy across more than 60 risky driving behaviours. In 2019 alone, Lytx labelled over 1.75 million minutes of video with mobile phone use, driver unbelted, smoking and food/drink behaviours. Powered by this wealth of data, Lytx is unrivalled in combining the precision of machine vision and artificial intelligence with the discernment of professional human review.

New Triggers Provide Superior View of Risky Driving Behaviours

With 120 billion miles of driving data analysed and 100,000 risky driving events captured daily, Lytx is uniquely positioned to develop accurate MV+AI-powered technologies for detecting risk. This deep well of high-quality driving data, validated by professionally trained analysts, ensures a high level of precision in training Lytx’s AI algorithms to understand which data points are most important in building an accurate picture of risk. The program delivers prescriptive and customised coaching insights to fleet managers.

These triggers monitor for driving behaviour patterns and select short video highlights to be analysed and screened by Lytx’s artificial intelligence for accuracy. The validated video clips are then automatically sent via a 4G LTE cellular connection from the vehicle to the cloud, where they may be viewed by a client via their Lytx account from any internet-connected computer, smartphone or tablet.

Fleet managers and drivers then have the opportunity to view these video clips using Lytx’s proprietary coaching workflow. This program has been proven to help change driving behaviour and is associated with up to 50% reduction in collisions and 80% reduction in associated claims costs.

To learn more about upgrading or deploying with Lytx, visit Lytx.co.uk.

End Note

Third-party studies highlight that AI can be faster and more accurate than humans in reviewing and spotting issues. Studies also show AI performing with expert-level accuracy at scale. Lytx uses both MV+AI and professional human review.

About Lytx
Lytx^® is a leading provider of video telematics, analytics, safety and productivity solutions for commercial, public sector and field service fleets. The company’s unrivalled Driver Safety Programme, powered by a best-in-class DriveCam^® Event Recorder, is proven to help save lives and reduce risk. Lytx harnesses the power of video to help clients see what happened in the past, manage their operations more efficiently in the present and improve driver behaviour to change the future. The customisable services and programmes span driver safety, risk detection, fleet tracking, compliance and fuel management. Using the world’s largest driving database of its kind, along with proprietary machine vision and artificial intelligence technology, Lytx helps protect and connect thousands of fleets and millions of drivers worldwide.

For more information on Lytx telematics system, visit lytx.co.uk, @lytxUK on Twitter, LinkedIn, our Facebook page or our YouTube channel.

Lytx
Contacts :
Fourth Day
Lizzie Wood or Robert Boddy
+4420 7403 4411
Lizzie.Wood@fourthday.co.uk / Robert.Boddy@fourthday.co.uk

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• Advancements in electronic research have paved way for the study of high-end technologies spanning into synchronous motors and precision devices
• Most of the high-investment industries such as oil and gas, defense, power and mining, and aerospace are key consumers of permanent magnet synchronous motors

ALBANY, New York, June 8, 2020 /PRNewswire/ — The global permanent magnet synchronous motors market is slated to expand at a noticeable pace in the years to follow. The relevance of these motors in the domain of electronic research and manufacturing has emerged as a vital driver of market demand. The need for balancing the mechanical properties of electronic components has led to the use of several distinct technologies in the industry. Several researchers have explained the relevance of permanent magnet synchronous motors in terms of their precision over position control. Furthermore, the need for running certain electronic devices at stipulated speeds has also created humongous demand for these motors. The operating range of synchronous motors is another important consideration for researchers who evaluate the performance of these motors. The aforementioned factors are a sound testimony to the stupendous growth potential of the global permanent magnet synchronous motors market.

It is estimated that the global permanent magnet synchronous motors market would grow to a value of US$ 7 Bn by the end of 2030. Advancements in electronic and electrical research have played an integral role in driving sales across this market. The CAGR of the global permanent magnet synchronous motors market is tabulated at 5% for the forecast period ranging from 2020 to 2030. The evident relevance of these motors in macro- and micro-electric applications shall aid market growth.

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Availability of Synchronous Motors in Multiple Ranges and Capacities

The type and capacity of a permanent magnet synchronous motor used in a particular industry depends on the nature of the application. In recent years, the use of high capacity motors with over 600 kW of range have gained popularity. The use of these motors in the defense industry could be an important factor behind an increase in demand for high-capacity motors. Moreover, research and analysis lines for studying the properties and hidden qualities of synchronous motors have also gained traction in the current times. It is logical to expect the inflow of fresh revenues into the global permanent magnet synchronous motors market over the years to follow.

Use of loop controls, such as those used in stepper motors, has gained momentum in recent times. The relevance of synchronous motors in accomplishing the aforementioned feat across the electronics industry has emerged as an important dynamic of market maturity. Besides, the focus of the electronics industry to foster precision in robot actuators has also brought permanent magnet synchronous motors under the radar of focus. Low-power applications of these motors have attracted the attention of scientists and researchers. The companies operating in this market have an opportunity to make a huge splash by capitalising on unmet market needs.

Gather core insights about the growth of the Global Permanent Magnet Synchronous Motors Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2030 at: https://www.transparencymarketresearch.com/permanent-magnet-synchronous-motors-market.html

Global Permanent Magnet Synchronous Motors Market: Growth Drivers

• Use of synchronous motors in the aerospace and automotive industries has helped in turning the fortunes of the leading market players. Both of these industries are heavy on investments, especially in the case of innovative technologies.
• Exploration activities that combine the synergies of the marine industry with those of the oil and gas sector also use of synchronous motor technologies. In addition to this, the power and mining sectors has also become prudent consumers of these motors.

Analyze Permanent Magnet Synchronous Motors Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Global Permanent Magnet Synchronous Motors Market: Key Companies

• Hitachi, Ltd
• General Electric
• Hansen Corporation
• Siemens AG

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Global Permanent Magnet Synchronous Motors Market: Segmentation

Capacity

• 375 – 450 kW
• 450 – 600 kW
• Above 600 kW

Type

• Surface Permanent Magnet Synchronous Motor
• Interior Permanent Magnet Synchronous Motor

Control

• Trapezoidal
• Sinusoidal

End Use

• Electrical & Electronics
• Aerospace & Automotive
• Oil & Gas
• Marine
• Defense
• Power
• Mining

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SAN FRANCISCO, June 8, 2020 /PRNewswire/ — The global tire cord fabrics market size is expected to reach USD 7.1 billion by 2027, exhibiting a CAGR of 3.4%, according to a new report by Grand View Research Inc. Growing product utilization to reduce the overall weight of the tire and to improve its wear resistance and dimensional stability are projected to drive the market growth.

Emerging economies such as India, China, Vietnam, and Indonesia are generating a huge demand for passenger cars and thereby tires, owing to rising per capita income levels in these countries. Moreover, the presence of major tire manufacturing capacities in these countries is further driving the market for tire cord fabrics in these countries.

Key suggestions from the report:

• The commercial vehicle type segment is expected to expand at a of CAGR 3.3% over the forecast period on account of increasing product use in the production of wear resistant tires with superior load carrying capacity
• In 2019, the revenue for passenger vehicle segment in Asia Pacific stood at USD 2.6 billion owing to growing vehicle ownership levels in the emerging economies of the region
• In North America, the replacement tire segment about 64.9% of the market share in 2019 owing to increased demand for lightweight, durable, wear resistant tires with lower rolling resistance value
• The radial tire segment in Central and South America region is expected to expand at a CAGR of 3.7% over the forecast period, owing to their improved stability, traction, ride quality, and superior fuel economy
• Manufacturers are continually expanding their geographic footprint in the major tire manufacturing countries across the world and cater to the just-in-time manufacturing needs of the tire manufacturing companies

Read 104 page research report with ToC on «Tire Cord Fabrics Market Size, Share & Trends Analysis Report By Material (Nylon, Polyester), By Tire Type, By Vehicle Type (Passenger Car, Commercial Vehicles), By Application, By Region, And Segment Forecasts, 2020 – 2027» at: https://www.grandviewresearch.com/industry-analysis/tire-cord-fabrics-market

Nylon, polyester, and rayon are some of the most commonly used materials for manufacturing of tire cord fabrics. Tire cord fabric reinforced rubber plies provide superior dimensional stability, durability, and load-carrying capacity to the tires. However, aramid fiber-based fabrics are witnessing rising adoption owing to its higher strength and low weight.

Major manufacturers are making increasing use of hybrid cord fabrics that comprise two different materials with different initial tangent modulus. These fabrics are progressively replacing steel cord based fabrics in the high-performance tires owing to their comparable performance characteristics and relatively lightweight property.

Grand View Research has segmented the global tire cord fabrics market on the basis of material, tire type, vehicle type, application, and region:

• Tire Cord Fabrics Material Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
• Nylon
• Polyester
• Rayon
• Others
• Tire Cord Fabrics Tire Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
• Radial
• Bias
• Tire Cord Fabrics Vehicle Type Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
• Passenger Cars
• Commercial Vehicles
• Others
• Tire Cord Fabrics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
• OEM
• Replacement
• Tire Cord Fabrics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Italy
• Asia Pacific
• China
• Japan
• South Korea
• India
• Central & South America (CSA)
• Brazil
• Middle East & Africa (MEA)
• Saudi Arabia
• UAE
• List of Companies in the Tire Cord Fabrics Market
• Indorama Ventures Public Company Limited
• Kolon Industries Inc.
• SRF Ltd.
• Teijin Ltd.
• Century Enka Limited

Find more research reports on Smart Textiles Industry, by Grand View Research:

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• Conductive Textiles Market – Rising awareness among consumers regarding conductive textiles owing to their use in health & fitness tracking, temperature monitoring coupled with its anti-radiation properties is likely to propel demand.
• Waterproof Breathable Textiles Market – Rising product adoption in the sports apparel manufacturing industry owing to its lightweight, and durable properties are expected to positively impact market growth.

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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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– Introducing untact online marketing activities to reinforce overseas sales

 

– Will instantly provide content through virtual tech-fair sand real-time product promotion to customers

 

– Use exhibits in the recently renovated M.Tech Gallery in R&D center near Seoul, to produce videos demonstrating the core components of future cars

SEOUL, South Korea, June 8, 2020 /PRNewswire/ — Hyundai Mobis will boost overseas orders with various untact marketing activities as part of its response to changes in the global economy and social environment in the post COVID-19 era.

«Hyundai Mobis is focusing on three types of untact marketing: Virtual Tech-Fair, Online real-time product promotion and Production of videos demonstrating core technologies to conduct differentiated order-receiving activities targeting global automakers,» said Lee Sung Hoon, Head of Auto Parts Sales Division. «Hyundai Mobis received orders for core components worth $1.75 billion from overseas automakers last year, and we are going to pick up speed to receive orders to the tune of $2.7 billion through untact marketing utilizing latest technologies.»

With constraints on direct sales and order-receiving activities based on traditional face-to-face contact, the company is seeking ways to create new sales opportunities. It is expected that the brand image of Hyundai Mobis, which is taking a leap to become a global technology leader in future cars, will be improved through preemptive untact marketing technology.

Hyundai Mobis is increasingly planning to produce Virtual Tech-Fair contents and proactively use them for sales and order-receiving activities given that offline events such as motor shows and technology expos will never be the same in the post COVID-19 era.

The content handled by the Virtual Tech-Fair is future technologies, such as autonomous driving sensors, electrification and connectivity, and new core technologies, such as braking, steering, lamps and airbags. The company will produce and share VR content with customers in the form of links for a certain period of time. Three-dimensional life-like VR content is expected to help customer understand technologies more effectively than when they see them in person.

Hyundai Mobis will carry out real-time product promotion activities using the online broadcasting platform. Customers will connect to the video system at a time they want, with data presentation, product demonstration and Q&A provided in real time. At a time when it is difficult for people to see each other and move from point A to point B due to COVID-19, the company expects to maintain close communication with customers online without any space-time constraints.

To this end, Hyundai Mobis is planning to install a system for real-time broadcasting and product demonstration inside the Technical Center. The company will have the capacity and infrastructure for quickly providing information on technologies to customers when they need it.

Until now few B2B (business to business transactions) companies used untact product promotion to advance into markets. In most cases, they participated in offline expos or professional technology expos, or visited customer sites for technology promotion.

In addition, Hyundai Mobis is going to make professional videos about key future car products, and use them for marketing. Rather than PR videos focusing on products and images, the content will feature researchers in charge of explaining the background, meaning and strong points of technology development. The company expects that it will be able to provide more detailed information to global customers through technical presentation videos.

In relation to this, Hyundai Mobis decided to make full use of the recently remodeled M.Tech Gallery inside the Technical Center in Yongin, Gyeonggi-do to make product videos. Its 66 new advanced technologies in future cars are on display at Hyundai Mobis M.Tech Gallery. The futuristic urban autonomous driving concept car ‘M.Vision S,’ which was exhibited at North American CES, the world’s largest consumer electronics and IT expo, is also on display at the M.Tech Gallery.

Contact
Hanbyul Kim, khb@mobis.co.kr

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 –  The first owner is a technology enthusiast and environmentalist, more to expect as the company will actively expand its electric vehicle market globally. 

TEL AVIV, Israel, June 6, 2020 /PRNewswire/ — GAC MOTOR recently completed the first overseas delivery of its all-electric vehicle, the GE3 SUV. Yakov Ben Hion, the first international GE3 owner, is a technology enthusiast and environmentalist. He believes that a car as a means of transportation, not only solve the problem of travel but are also a lifestyle choice.

«I believe GE3 will be a big hit here and many people are very interested in it. It is a great honor to be the first person to own this car,» said Mr. Ben Hion. 

As an environmentalist, Mr. Ben Hion has always wanted to own an electric car. He was attracted by the exterior design of the GE3 when he first saw it advertised on social media. The background of GAC MOTOR as a car manufacturer with rich experience and its partnership with the Union Group, one of Israel’s largest car dealerships, reassured him. He came to a local dealership to get a closer look at the GE3 and had a test drive. Both the exterior outlines and the interior design exceeded his expectations.

«The first time I saw it in the showroom, I was amazed! The car is full of innovations using the latest technology. The starting speed is breakneck, and the driving process is quiet and smooth,» Mr. Ben Hion said with excitement. «The endurance of the GE3 is very stable. It has travelled 380 kilometers on latest charge.»

As the first GE3 on the streets of Israel, it has turned heads wherever it goes and always is the center of attention.

The GE3 was launched in February this year and is GAC’s first all-electric vehicle model launched overseas. The launch attracted the attention of several well-known local automotive media, one of which commented, «The texture of all GAC MOTOR models, the modernity of the exterior design, the high quality of the interior design and various advanced configurations have left a deep impression on the people.»

Devoted to introducing elements of technological and high-end intelligent manufacturing to its assembly line and vehicles, the automaker has also launched other all-electric vehicles models such as the Aion S and Aion LX. Following the international launch of the GE3, GAC MOTOR will actively expand its electric vehicle market globally. This allows more consumers to recognize and perceive the world-class strength of the GAC MOTOR brands and products and continue to create a pleasant mobile life for global consumers.

For more information, please visit:
Website: http://www.gac-motor.com/
Facebook: https://www.facebook.com/GACMotor
Instagram: https://www.instagram.com/gac_motor
Twitter: https://www.twitter.com/gac_motor
YouTube: http://www.youtube.com/c/GACMotorOfficial

 

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BANGALORE, India, June 4, 2020 /PRNewswire/ — Connected cars are primarily vehicles that are equipped with internet access. They have an integrated wireless LAN, and are enabled to connect with entities both inside and outside the vehicle. Connected cars are designed to receive remote over-the-air ( OTA) software updates, and to transmit on-board systems and components diagnostic and operational data. By leveraging vehicle connectivity in this way, automakers can significantly reduce recall expenses , better infotainment and location aware services, improve cybersecurity response times, enhance product quality and operational efficiency, and deliver vehicle post-sale performance and feature improvements.

The global connected car market size in 2019 was estimated at USD 63.03 billion and is projected to hit USD 225.16 billion by 2027, with a 17.1 percent CAGR during the forecast period.

In general, factors such as advancements in technology, increased vehicle production, and increasing demand for luxury & comfort in vehicles are expected to increase the connected car market size. 

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TRENDS INFLUENCING THE CONNECTED CAR MARKET SIZE 

Car manufacturers and service providers have developed numerous networking solutions, such as the Machine-to-Machine (M2M) network. This M2M feature in a car enables interconnectivity between two connected cars. The car has numerous sensors and processors to provide the driver with accurate and real-time information. This feature is expected to increase the connected car market size.

‘Connected Roads’ is an important trend that disrupts the voluminous take-up of connected cars. Smart roads will allow cars to communicate with traffic lights, signals, and emergency service centers via the V2X platform (vehicles to everything). Integrated with the Machine-to-Machine (M2M) network for networking and telematics, it can send real-time alerts to motorists about traffic hurdles and emergency services in the event of road accidents. Thus, the increase in connected roads will, in turn, increase the connected car market size.

The integration of augmented reality, artificial intelligence, and ADAS (advanced driver-assistance system) enhance the potential of connected cars towards autonomous vehicles.

Connected car manufacturers are going beyond pure Internet connectivity to create a competitive market. Startups and automakers are incorporating computer vision and augmented reality (AR) apparatuses into the dashboard to enhance a supplementary layer of safety and personalization to the driving experience. This integration of AR and AI is expected to fuel the growth of the connected car market size.

Advanced infotainment devices with fast wireless network connections are a key factor that is projected to boost the connected car market size over the forecast period. 

Furthermore, stringent government policies for automotive safety standards and growing demand for convenient features such as multimedia streaming and remote diagnostics are key factors expected to drive the connected car market size. Connected cars can maintain a backup of where the vehicle is going, how many stops it has made, medical history, and occupant details due to vehicle telematics installation. 

Factors such as constantly improving vehicle standards and high maintenance costs of advanced suspension systems are anticipated to impede the growth of the connected car market

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CONNECTED CAR MARKET SHARE ANALYSIS

The Asia Pacific and Europe are the major regions dominating the connected car market share. This dominance can be attributed to various government vehicle safety regulations. In addition, ongoing R&D, network, and service provider partnerships with automotive companies in these regions are expected to accelerate the development of the connected car market during the forecast period.

It is anticipated that demand for the connected car market will grow at the highest rate in North America, especially the US, due to the increased consumer demand for advanced connected car services and the availability of smart infrastructure. Prevailing advanced traffic management and mobility management infrastructure provide compatibility for North America ‘s sophisticated connected car market adaptation.

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Key Market Players

• Airbiquity Inc.
• CloudMade
• Continental AG
• Intellias Ltd.
• LUXOFT
• Qualcomm Technologies, Inc.
• Robert Bosch GmbH
• Sierra Wireless
• Tesla
• ZUBIE, INC.
• AT&T
• Audi AG
• BMW Group
• Daimler AG
• Ford Motor Company
• Samsung Electronics
• Telefonica S.A.
• TomTom International
• Verizon Communications
• Vodafone Group Plc

By Technology

• 2G
• 3G
• 4G/LTE

By Connectivity Solutions

• Integrated
• Embedded
• Tethered

By Services

• Driver Assistance
• Safety
• Entertainment
• Well-being
• Vehicle Management
• Mobility Management

By End Market

• OEM
• Aftermarket

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SIMILAR REPORTS :

• Connected Car Device Market

The global connected car device market size is projected at USD 28.920 Billion in 2020 to cross USD 54.070 Billion by the end of 2026, at a CAGR of 9.2 percent in 2021-2026.

The growth of Connected Car Device Market size can be attributed to the technological advances and the growing demand for the integration of intelligent features in vehicles. In addition, major corporations are expecting massive developments in connected car technology to assist the worldwide demand for connected car systems in the coming years.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-31T1178/global-connected-car-device

• Connected Car Softwares Market

This report focuses on the status of global Connected Car Softwares market size, future forecasts, opportunities for growth, key market and key players. The goals of the study are to present the development of Connected Car Softwares in North America , Europe, China , Japan, Southeast Asia , India and Central & South America.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-4F1324/global-connected-car-softwares

• Automotive Connected Car Platform Market

This report explores the Automotive Connected Car Platform market size, focusing in particular on key regions such as the United States, the European Union, China, and other regions (Japan, Korea, India, and Southeast Asia). This study also presents the production, revenue, market share, and growth rate of the Automotive Connected Car Platform for each key enterprise, as well as the breakdown data (production, consumption, revenue, and market share) by region, type, and application. 

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-32Z258/global-united-states-european-union-and-china-automotive-connected-car-platform

• Connected Car Safety Solutions Market

Connected Car Safety Solutions help to send real-time crash information to emergency first responders to improve outcomes and provide emergency services to passengers with a direct lifeline.

The focus of this report is on the global status of Connected Car Safety Solutions market size, future forecast, growth opportunity, key market, and key players. The objective of the study is to present the development of Connected Car Safety Solutions in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-4V2465/global-connected-car-safety-solutions

• Connected Car Mobility Solutions Market

Vehicles are increasingly linked to the digital world. As car designers develop ways of transmitting big data, vehicle antennas are becoming even more critical than they already are. This leads to two critical needs for the future vehicle: seamless connectivity that shares high-volume data both inside and outside the vehicle, and a clean design that makes antenna technology invisible to end-users. This increasing need for a well-connected infrastructure inside the car is fueling the growth of Connected Car Mobility Solutions Market size.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-0X2557/global-connected-car-mobility-solutions

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