Categoría: Hispanicmotorpress

Servo Motors and Drives Market Worth $16.8 Billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 12, 2020 /PRNewswire/ — According to the new market research report «Servo Motors and Drives Market by Offering (Hardware, Software and Services), Product Type (Servo Motors, Servo Drives), System, Voltage, Communication Protocol, Brake Technology, Material of Construction, Industry, and Region – Global Forecast to 2025«, published by MarketsandMarkets™, the Servo Motors and Drives Market is projected to grow from USD 13.9…

CHICAGO, May 12, 2020 /PRNewswire/ — According to the new market research report «Servo Motors and Drives Market by Offering (Hardware, Software and Services), Product Type (Servo Motors, Servo Drives), System, Voltage, Communication Protocol, Brake Technology, Material of Construction, Industry, and Region – Global Forecast to 2025«, published by MarketsandMarkets™, the Servo Motors and Drives Market is projected to grow from USD 13.9 billion in 2020 to USD 16.8 billion by 2025; it is expected to grow at a CAGR of 4.0% from 2020 to 2025. The key factors fueling the growth of this market include the growing automation in factories, rising adoption of international standards for motor efficiency, development of user-friendly motion control libraries and packages for motors and drives, and increasing production of vehicles.

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Software and services offering segment of servo motors and drives market is projected to grow at highest CAGR from 2020 to 2025

The software and services segment of the servo motors and drives market is projected to grow at the highest CAGR from 2020 to 2025. Servo software are useful for various purposes, such as installation setup, networking, motion controlling, and other configuration requirements. The software also have real-time diagnostic capabilities to detect the presence of any critical emergency in the system and inform the operator about it instantly. The development of independent networking software for motion control and process control machines to help in their seamless integration with servo motors and drives is expected to lead to an increase in the demand for software and services.

Servo motors product type segment accounted for largest share of servo motors and drives market in 2019

In 2019, the servo motors segment accounted for the largest share of the servo motors and drives market, by product type. Servo motors are further segmented into AC servo motors and DC servo motors. AC servo motors provide the benefits of high torque per weight, efficiency, reliability, and low frequency noise, which has them favorable in applications across diverse end-user industries. AC motors such as synchronous AC servo motors with permanent magnet offer high level of accuracy and precision, making them suitable for equipment such as drill bits packaging machines, injection molding machines, and speed controllers machine used in the packaging industry. DC servo motors are commonly used in applications that require low power output as they are cost-effective in comparison with AC servo motors for such applications.

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66 – Figures
212  – Pages

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Low voltage segment accounted for largest share of the servo motors and drives market in 2019

In 2019, the low voltage segment accounted for the largest share of the servo motors and drives market, by voltage. Low-voltage servo motors and drives are compatible for use in mobile applications that demand high acceleration and braking processes, low noise, and high efficiency. Their compact size results in a smaller number of cables, which improves the overall diagnostics capabilities, making them highly useful for various control systems equipment in printing & paper, steel, cement, power, and petrochemicals industries.

Rotary system segment is projected to grow at a higher CAGR from 2020 to 2025

The rotary segment of servo motors and drives market, by system, is projected to grow at a higher CAGR during forecast period. Rotary servo motors allow interaction between all magnets and the windings in all positions. This results in low installation costs of the rotary servo motor in comparison with linear servo motor. Rotary servo motors offer benefits such as high-resolution precision feedback, low energy consumption, high response, and high torque density. This makes rotary servo motors useful for applications in packaging, healthcare, and automotive & transportation industries. Advancements in rotary system-based servo motors and drives, including the introduction of stainless steel, food-grade, ingression protection (IP)-grade, and hygienic servo motors, have led to an increasing demand from industries such as food processing, pharmaceuticals, and petrochemicals.

Permanent magnet segment projected to grow at highest CAGR from 2020 to 2025

The permanent magnet brake technology is projected to grow at the highest CAGR from 2020 to 2025. Permanent magnet brakes are small and have a low weight, resulting in large torque per size density. This has made them highly useful for applications requiring almost zero backlash, such as pick-and-place robots and other applications in the pharmaceuticals & healthcare industry. The increased use of permanent magnet brakes in industries such as automotive & transportation, pharmaceuticals & healthcare, textile, and packaging has propelled their market growth. 

Industrial Ethernet communication protocol segment projected to grow at highest CAGR from 2020 to 2025

Based on communication protocol, the industrial Ethernet segment is projected to grow at the highest CAGR during the forecast period. Protocols such as EtherCAT, Ethernet/IP, PROFINET, POWERLINK, SERCOS III, and CC-Link IE, that provide real-time control are based on the industrial Ethernet architecture. Industrial Ethernet is mostly suited for industrial environments with harsh conditions where the factory components and equipment are exposed to extreme temperatures, humidity, and vibration. Industrial Ethernet offers various benefits, such as higher speed, increased connection distance, and the ability to connect more nodes than other network protocols. These benefits make industrial Ethernet highly suitable for industrial applications.

Other materials segment accounted for largest share of servo motors and drives market in 2019

In 2019, the others segment of the servo motors and drives market, by material of construction, accounted for the largest share of the market. Other materials used in the design and manufacturing of servo motors and drives include carbon steel and aluminum. The low cost of the servo motors and drives built using these materials has led to their market growth. Servo motors and drives constructed from non-stainless steel material have the ability to withstand dust, high-pressure washdown water jets, and corrosion prevention. This has led to the increased adoption of servo motors and drives with aluminum housing, which is Teflon-coated and hard coat anodized, in various industries, such as packaging, food processing, pharmaceuticals & healthcare, and petrochemicals.

Automotive & transportation industry segment accounted for largest share of servo motors and drives market in 2019

The automotive & transportation industry accounted for the largest share of the servo motors and drives market in 2019. Servo motors and drives are used in various automotive control systems, such as fuel injection systems, anti-lock braking systems, cruise control systems, and pedal systems, to control vehicle speed. Motion control systems having servo mechanisms also find use in manufacturing processes, such as auto body painting, vehicle assembling, material handling, automated guided vehicle (AGV) chassis marriage systems, and assembly presses. Servo motors and drives are central to the various reforms aimed at enhancing the speed, accuracy, and productivity of manufacturing in the transportation industry. Servo systems improve the logistics and supply chain processes through the use of robotics and various control systems, thereby, driving their demand in transportation industry.

APAC is projected to hold largest share of servo motors and drives market in 2025

APAC is expected to hold the largest share of the servo motors and drives market in 2025. Massive investments in industrial automation to enhance the operations of the manufacturing industry are driving the growth of the servo motors and drives market in the region. This has led to growing industrialization along with the rising use of robots to achieve high productivity and efficiency in industrial applications. the high demand for consumer electronics including smartphones, home appliances, smart home devices, and wearable devices have resulted in the adoption of flexible flow line manufacturing processes, including the use of robot arms, which is expected to further drive the demand for servo motors and drives in the region. The demand for energy-efficient automobiles such as electric vehicles and hybrid vehicles owing to the formulation of environment norms by governments of different countries has also led to the high adoption of DC servo motors in the APAC region.

Yaskawa Electric (Japan), Siemens AG (Germany), Mitsubishi Electric (Japan), Schneider Electric (France), Rockwell Automation (US), ABB (Switzerland), Nidec Corporation (Japan), Fuji Electric (Japan), Delta Electronics (Taiwan), and FANUC Corporation (Japan) are the key players operating in the servo motors and drives market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, and acquisitions to increase their market share.

Related Reports:

Encoders Market by Type (Linear and Rotary), Technology (Optical, Magnetic, and Others), End Use (Automotive, Consumer Electronics, Industrial, Food & Beverage, Medical, Printing, and Others), and Geography – Global Forecast to 2024

Motion Control Market by Component (AC Motors, Motors, Motion Controllers, AC Drives, Electronic Drives), Application (Packaging, Material Handling, Metal Fabrication, Converting, Positioning), Industry, and Geography – Global Forecast to 2022

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Hyundai Mobis secured front grill artificial engine sound system for electric vehicles

– The first in the world to develop an artificial engine sound using the grill cover of the electric vehicle

– Creative thinking that eliminated acoustic pressure loss by using the cover as the diaphragm

– Added the turn signal sound and charging sound function; also used as speakers for playing music when camping

-Expected to be highly useful in the age of future cars when communication with pedestrians is critical

SEOUL, South Korea, May 12,…

– The first in the world to develop an artificial engine sound using the grill cover of the electric vehicle

– Creative thinking that eliminated acoustic pressure loss by using the cover as the diaphragm

– Added the turn signal sound and charging sound function; also used as speakers for playing music when camping

-Expected to be highly useful in the age of future cars when communication with pedestrians is critical

SEOUL, South Korea, May 12, 2020 /PRNewswire/ — Hyundai Mobis, which has been accelerating the development of the core components of environmentally-friendly cars, developed an artificial engine sound system using the grill cover of the electric vehicle for the first time in the world.

Hyundai Mobis CI

Unlike internal combustion engine vehicles that have holes in the front grill to let the air flow in, the front of an electric vehicle is completely blocked. Based on this fact, Hyundai Mobis creatively changed the way we think and used the cover itself as a component of the speakers, and developed a new system as a result.

«Hyundai Mobis succeeded in reducing the weight by 2/3 and the size by half,» said Kim Tae-woo, head of IVI Product Design Team 2 of Hyundai Mobis. «We simplified the structure and lowered the price by reducing the number of components by more than half, and eliminated the bracket or housing, which fastens different devices, to easily secure space.»

Hyundai Mobis greatly improved the efficiency and performance of this new system compared to existing products, and added such functions as the turn signal sound and charging status alarm as well as the artificiall engine sound. In keeping with the age of future cars when autonomous driving becomes common, it is necessary to inform pedestrians of the direction in which the vehicle is going or whether it is operating so that they can be prepared in advance. Also, it can be used as speakers for playing music during outdoor activities, such as camping.

Acoustic Vehicle Alert Sound (AVAS) is a speaker system that produces a sound outside of the vehicle so that pedestrians can sense an oncoming environmentally-friendly car that emits almost no noise. It is differentiated from ASD which produces an artificial engine sound inside the vehicle for the fun of driving. Governments around the world are making the artificial engine sound system mandatory to prevent accidents involving pedestrians from becoming more common as environmentally-friendly cars are too quiet.

This system, developed by Hyundai Mobis, installs the existing product, which used to be installed inside the vehicle in the form of complete speakers, on the back of the grill cover located on the front of the vehicle, in the form of a half-finished product. A speaker consists of the actuator, which actually generates sound, and the diaphragm, which propagates the sound to the outside. Hyundai Mobis separated the actuator, attached it to the grill cover and used the grill cover as the diaphragm of the speakers. Unlike existing speakers installed inside the electric vehicle with a blocked front, the grill cover, exposed to the outside, produces sound in this system and there is no acoustic pressure loss. So it is very efficient.

In hybrid cars which have both the engine and motor, the actuator is installed on the back of the front bumper for the same effect. Hyundai Mobis achieved this result only a year after it began development at the end of 2018, and applied for two related patents.

Media Enquiries:

Hanbyul Kim
khb@mobis.co.kr

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Enterprise Holdings Car Rental Brands Implement Complete Clean Pledge; Rolling Out New Innovative Rental Processes

ST. LOUIS, May 11, 2020 /PRNewswire/ — Enterprise Holdings is reinforcing its commitment to maintaining the highest standards of cleanliness in the car rental industry. Today, the company announced the implementation of its Complete Clean Pledge program across…

ST. LOUIS, May 11, 2020 /PRNewswire/ — Enterprise Holdings is reinforcing its commitment to maintaining the highest standards of cleanliness in the car rental industry. Today, the company announced the implementation of its Complete Clean Pledge program across the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, as well as its comprehensive portfolio of transportation services.

Enterprise Holdings announced the implementation of its Complete Clean Pledge across the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands.

The Pledge includes the company’s car rental operations, as well as its truck rental, vanpooling, corporate fleet management, retail car sales, carsharing and vehicle-subscription services. It’s one step in enhancements the company is implementing across the organization to ensure its customers feel safe and confident as they move forward and look to travel again.

«Employee and customer safety are our top priority,» said Chrissy Taylor, Enterprise Holdings President and Chief Executive Officer. «Today and every day, we are committed to maintaining the highest standards of cleanliness in the industry. Following guidance from health authorities and in partnership with the travel industry, we at Enterprise Holdings are taking additional measures to build on our already rigorous cleaning protocols. We want customers to feel confident their vehicle is clean and sanitized each and every time they rent.»

Complete Clean Pledge

As part of the Complete Clean Pledge, Enterprise Holdings expanded and is relaunching its cleaning protocols. Employees are being trained to implement the new and more comprehensive cleaning mandates for their protection, and for the safety and service of customers. These mandates include enhanced cleaning guidance for vehicles, shuttles and branch locations, as well as social distancing practices.

In addition to new signage throughout rental locations and lots indicating updated rental processes, customers will soon begin seeing Complete Clean Pledge notifications within their rented vehicles confirming they have been thoroughly cleaned. This includes washing, vacuuming, general wipe down and sanitizing with a disinfectant that meets leading health authority requirements, with particular attention to more than 20 high-touch points.

The cleaning guidance set forth in the Complete Clean Pledge is also aligned with the U.S. Travel Association’s (USTA) «Travel in the New Normal» guidance introduced last week. Taylor sits on the USTA’s CEO board, and, as an industry leader, Enterprise Holdings is an active member of USTA. The company worked collaboratively on the guidance in partnership with other travel and tourism companies and organizations. Letters signed by industry travel associations, including the American Car Rental Association (ACRA), have been sent to the White House and U.S. state governors endorsing the USTA guidance.

Innovative Rental Process Enhancements

In response to the COVID-19 health crisis, Enterprise modified its services to protect customers and employees while remaining open to meet critical transportation and personal mobility needs as an essential service provider. These offerings include curbside rental transactions, as well as delivery at some locations, to help best serve customers while minimizing foot traffic in locations.

«Recognizing that social distancing and minimal contact will remain important safety measures for many customers, Enterprise Holdings is refining our current modified offerings to move toward implementing more permanent low- and no-touch experiences for our customers,» added Taylor.

Enterprise Holdings’ brands will accelerate efforts to offer new rental experiences including introducing new options such as: advanced check-in at Enterprise’s neighborhood locations, «show your pass and go,» and enhanced curbside and delivery options. Beyond that, the company will continue to roll out updated processes and safety procedures for its rental operations, as well as its other lines of business.

«Now more than ever, we are reminded of the importance of innovating to serve our customers and adapting to meet their evolving needs,» said Taylor. «We know everyone has been impacted by COVID-19, and we want to assure our customers that they can have confidence in knowing we are doing everything we can to support their transportation needs with clean vehicles and a safe rental process as they begin to move forward.»

For more information about Enterprise’s Complete Clean Pledge or ongoing COVID-19 response, visit enterprise.com. For more information about Enterprise Holdings, visit enterpriseholdings.com.

About Enterprise Holdings
Enterprise Holdings – through its integrated global network of independent regional subsidiaries and franchises – operates its brands at more than 10,000 fully staffed neighborhood and airport locations. Combined, Enterprise Holdings and its affiliate Enterprise Fleet Management accounted for $25.9 billion in revenue and owned more than 2 million vehicles throughout the world in fiscal year 2019. Enterprise Holdings currently is ranked as one of America’s Largest Private Companies. Furthermore, if it were publicly traded, Enterprise Holdings would rank on Fortune‘s list of the 500 largest American public companies.

Enterprise Holdings Corporate Brands Logo.

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Automotive Airbags & Seatbelts Market Worth $40.4 Billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 8, 2020 /PRNewswire/ — According to the new market research report «Automotive Airbags & Seatbelts Market By Airbag Type (Front, Knee and Side & Curtain), Seatbelts (2-point and 3-point), Vehicle (PC, LCV, Buses and Trucks), Electric Vehicle, Component (Airbag…

CHICAGO, May 8, 2020 /PRNewswire/ — According to the new market research report «Automotive Airbags & Seatbelts Market By Airbag Type (Front, Knee and Side & Curtain), Seatbelts (2-point and 3-point), Vehicle (PC, LCV, Buses and Trucks), Electric Vehicle, Component (Airbag Inflator, ACU and Airbag) and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Automotive Airbags & Seatbelts Market is estimated to be USD 28.2 billion in 2020 and is projected to reach 40.4 billion by 2025, at a CAGR of 7.5%. The market is driven principally by the increasing demand for a safer, efficient, and convenient driving experience and stringent safety regulations across the globe.

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Browse in-depth TOC on «Automotive Airbags & Seatbelts Market»

99 – Tables

54 – Figures

140 – Pages

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The 3-point seatbelts segment to hold the largest share of the Automotive Airbags & Seatbelts Market, by seatbelt type

The government mandates for the installation of 3-point seatbelts will contribute to the growth of the segment. 3-point seatbelts protect against front-end collision. The growth of this segment can be attributed to their effectiveness over 2-point seatbelts in terms of safety.

Hybrid Electric Vehicle (HEV) to acquire the largest market share

HEV is estimated to hold the largest share of the Automotive Airbags & Seatbelts Market, by electric vehicle. Stringent emission norms, environment safety, vehicle electrification, and government regulations are expected to boost the demand for HEV airbags & seatbelts. Governments around the globe are encouraging the sale of electric vehicles by offering incentives to customers and subsidies to electric vehicle OEMs. This, in turn, will help drive the automotive airbags & seatbelts industry for electric vehicles.

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Asia Pacific: The largest market in the global Automotive Airbags & Seatbelts Market

The Asia Pacific region is estimated to hold the largest share of the automotive airbags & seatbelts industry in 2020. The demand for automotive airbags & seatbelts in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of luxury vehicles in countries such as China and Japan. This region is also the leading producer of automobiles in the world. Moreover, regulatory mandates regarding airbags are expected to further drive the market growth in this region.

The report analyzes all major tier I suppliers in the Automotive Airbags & Seatbelts Market. Autoliv (Sweden), ZF Friedrichshafen (Germany), and Joyson Safety Systems (US) are some of the leading suppliers in the market.

Browse Related Reports:

Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle, Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, TPMS Tool, Battery Analyzer), Offering, Connectivity, and Region – Global Forecast to 2025

ADAS Market by System (ACC, AFL, DMS, NVS, IPA, PDS, TJA, FCW, CTA, RSR, LDWS, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, and Camera Unit), Vehicle (PC, LCV, Buses, & Trucks), Offering (Hardware, Software), EV and Region – Global Forecast to 2027

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the «Growth Engagement Model – GEM». The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write «Attack, avoid and defend» strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, «Knowledge Store» connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

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Bureau Veritas Announces Accreditation for its New Automotive Test Laboratory in Detroit, USA

– Supporting the dynamic market segment of New Mobility and Connected Cars

DETROIT, May 8, 2020 /PRNewswire/ — Bureau Veritas, a leading Testing, Inspection and Certification provider announces its automotive laboratory, recently opened in Detroit USA, has obtained ISO/IEC 17025 accreditation by the American Association for Laboratory Accreditation (A2LA). The new Detroit laboratory is the latest addition to Bureau…

– Supporting the dynamic market segment of New Mobility and Connected Cars

DETROIT, May 8, 2020 /PRNewswire/ — Bureau Veritas, a leading Testing, Inspection and Certification provider announces its automotive laboratory, recently opened in Detroit USA, has obtained ISO/IEC 17025 accreditation by the American Association for Laboratory Accreditation (A2LA). The new Detroit laboratory is the latest addition to Bureau Veritas’ New Mobility network to meet the needs with rapid convergence of technology driving growth and challenges for players in connected and autonomous vehicle market.

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Strategically situated in the «Motor City» and the historic heart of the American automotive manufacturing industry, Bureau Veritas’ new Detroit operation resides in a modern office / laboratory occupying 23,000 square feet and staffed with an experienced team of technical and customer service specialists. Equipped with the latest test chambers and equipment, the lab provides automotive OEMs and Tier 1 & 2 suppliers with a broad range of EMC, Radio Frequency and V2X testing in accordance with international standards such as EN 61000-4-3; EN 60255-22-3; FCC Part 15B; ANSI C63.4; IEC 6100 4-2; CISPR25, etc. 

Services include:

  • EMC and Radio Frequency
  • Immunity for radar, magnetic field and mobile phones
  • Radiated and Conducted Emissions
  • Transient Immunity on Supply Lines
  • Electro-Static Discharge
  • V2X Conformance for Wireless Security and Networking
  • Wireless Connectivity for Wi-Fi, Bluetooth & SRD (Short Range Devices)
  • Dips, Drop and Surge
  • Temperature and Humidity
  • Electrical Testing

Jennifer Gasparian, Director of Automotive – Bureau Veritas CPS North America commented: «The setup of this laboratory in Detroit is a key milestone in Bureau Veritas’ expansion of our automotive business line in United States to provide a broad range of testing and homologation services. As well as the addition of a key location to our fast-expanding network in the States to meet the dynamic growing New Mobility / Connected Car segment. The lab also provides a base for further service and market segment expansion which we will align to the changing dynamics of American automotive market in relation to Vehicle-to-everything (V2X) communication, infotainment, wireless connectivity and interoperability.»

«Being accredited by A2LA supports Bureau Veritas’ commitment to providing quality automotive testing and compliance services to our clients worldwide. The accreditation also further strengthens our US network of laboratories located in Milpitas and Sunnyvale CA as well as Buffalo, NY, and Littleton, MA, which currently meet internationally and nationally recognized standards and specifications.»

About Bureau Veritas

Bureau Veritas is a world-leading provider in testing, inspection and certification. Founded in 1828, the group has more than 78,000 employees in more than 1,500 offices and laboratories around the globe. Bureau Veritas helps its clients to improve their performances by offering innovative services and solutions in order to ensure that their products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environment protection and social responsibility.

Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index

Compartment A, ISIN code FR 006174348, stock symbol: BVI.

Website: https://group.bureauveritas.com

Bureau Veritas’ Consumer Products Services division is a leading global quality assurance provider for the global consumer product and retail markets. It offers an array of specialized services including testing, inspections, audits and engineering services for a wide range of consumer products. These products include hard goods; toys and juvenile products; soft goods; premiums; electrical and electronic products including wireless and mobile devices; automotive equipment; food products as well as health, beauty, cosmetics, and household products.

Website: https://www.cps.bureauveritas.com

For sales enquiries, please contact:

Bureau Veritas Consumer Products Services Inc.
815, N. Opdyke Rd., #100, Auburn Hills
Michigan, MI 48326, USA
Tel: +1 (949) 302-9889
Email: sales.eaw@us.bureauveritas.com

AUTOCRYPT Joins Car Connectivity Consortium (CCC)

SEOUL, South Korea, May 7, 2020 /PRNewswire/ — AUTOCRYPT announced that the company has joined Car Connectivity Consortium (CCC), a cross-industry organization advancing global technologies for smartphone-centric car connectivity solutions, as the first cybersecurity company from the Asia Pacific. 

The consortium focuses on developing digital keys that let drivers to easily lock and unlock their cars, as well as starting the engine and sharing access to families or valets, using their…

SEOUL, South Korea, May 7, 2020 /PRNewswire/ — AUTOCRYPT announced that the company has joined Car Connectivity Consortium (CCC), a cross-industry organization advancing global technologies for smartphone-centric car connectivity solutions, as the first cybersecurity company from the Asia Pacific. 

The consortium focuses on developing digital keys that let drivers to easily lock and unlock their cars, as well as starting the engine and sharing access to families or valets, using their smartphones. The goal is to make it possible for the drivers to simply connect and ride, no matter the device or vehicle.

By joining the consortium, AUTOCRYPT will contribute its technical expertise and participate in various projects related to digital key solutions performance evaluation and in establishing the international technical standards, commercialization, and enhancing the convenience of car-device connectivity. This comes with exchanging technologies between more than 120 global leading companies including BMW, Volvo, Hyundai, Volkswagen, Ford, Toyota, along with Apple, Samsung, LG Electronics, and Deutsche Telekom.

«The digital key itself became critical as it not only replaces the existing physical key but also oversees the convenience and safety of cars and driving», said Daniel ES Kim, CEO of AUTOCRYPT. «Since the smart key security we provide to the United States, China, South Korea, Australia, and New Zealand is for certain OEMs, by joining the consortium and cooperating with the industry leaders, we believe that this advancing digital key solution of AUTOCRYPT’s will offer a secured environment regardless of vehicles and mobile devices and continue to lead the market.»

To date, AUTOCRYPT has been active by utilizing the provision of V2D communications, MaaS, and security services including authentication, authorization, certificate management within V2D infrastructures that are CCC compliant and interoperable. Moreover, AUTOCRYPT has proactively engaged in the development of the industry by participating in Penta Security’s projects with Hubject, International Transport Forum (OECD), and 5GAA. 

About AUTOCRYPT

As a leader in transportation security technologies, AUTOCRYPT’s mission is to enable safe transportation and mobility alike by focusing on securing connected vehicles.  Initially developed in-house at Penta Security in 2007, AUTOCRYPT spun off as a separate entity in 2019, carrying over more than a decade’s worth of experience and expertise.  Recognized as the «Best Auto Cybersecurity Product/Solution» by TU-Automotive, AUTOCRYPT continues to expand its global presence and offerings, providing comprehensive transportation security through a multi-layered, holistic approach.  AUTOCRYPT’s solution and services are utilized throughout various projects in support of securing in-vehicle networks as well as C-ITS related technologies, including V2X, RSU-based communications, and PKI.  Moreover, AUTOCRYPT enables secure EV charging through Plug&Charge (PnC), a simplified communications solution, as well as a secure mobility data platform and complementary fleet management systems.  For more information on AUTOCRYPT, visit www.autocrypt.io. For partnership inquiries, email marketing@autocrypt.io.

 

Bureau Veritas Announces Accreditation for its New Automotive Test Laboratory in Detroit, USA

– Supporting the dynamic market segment of New Mobility and Connected Cars

DETROIT, May 7, 2020 /PRNewswire/ — Bureau Veritas, a leading Testing, Inspection and Certification provider announces its automotive laboratory, recently opened in Detroit USA, has obtained ISO/IEC 17025 accreditation by the American Association for Laboratory Accreditation (A2LA). The new Detroit laboratory is the latest addition to Bureau…

– Supporting the dynamic market segment of New Mobility and Connected Cars

DETROIT, May 7, 2020 /PRNewswire/ — Bureau Veritas, a leading Testing, Inspection and Certification provider announces its automotive laboratory, recently opened in Detroit USA, has obtained ISO/IEC 17025 accreditation by the American Association for Laboratory Accreditation (A2LA). The new Detroit laboratory is the latest addition to Bureau Veritas’ New Mobility network to meet the needs with rapid convergence of technology driving growth and challenges for players in connected and autonomous vehicle market.

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Strategically situated in the «Motor City» and the historic heart of the American automotive manufacturing industry, Bureau Veritas’ new Detroit operation resides in a modern office / laboratory occupying 2,300 square feet and staffed with an experienced team of technical and customer service specialists. Equipped with the latest test chambers and equipment, the lab provides automotive OEMs and Tier 1 & 2 suppliers with a broad range of EMC, Radio Frequency and V2X testing in accordance with international standards such as EN 61000-4-3; EN 60255-22-3; FCC Part 15B; ANSI C63.4; IEC 6100 4-2; CISPR25, etc. 

Services include:

  • EMC and Radio Frequency
  • Immunity for radar, magnetic field and mobile phones
  • Radiated and Conducted Emissions
  • Transient Immunity on Supply Lines
  • Electro-Static Discharge
  • V2X Conformance for Wireless Security and Networking
  • Wireless Connectivity for Wi-Fi, Bluetooth & SRD (Short Range Devices)
  • Dips, Drop and Surge
  • Temperature and Humidity
  • Electrical Testing

Jennifer Gasparian, Director of Automotive – Bureau Veritas CPS North America commented: «The setup of this laboratory in Detroit is a key milestone in Bureau Veritas’ expansion of our automotive business line in United States to provide a broad range of testing and homologation services. As well as the addition of a key location to our fast-expanding network in the States to meet the dynamic growing New Mobility / Connected Car segment. The lab also provides a base for further service and market segment expansion which we will align to the changing dynamics of American automotive market in relation to Vehicle-to-everything (V2X) communication, infotainment, wireless connectivity and interoperability.»

«Being accredited by A2LA supports Bureau Veritas’ commitment to providing quality automotive testing and compliance services to our clients worldwide. The accreditation also further strengthens our US network of laboratories located in Milpitas and Sunnyvale CA as well as Buffalo, NY, and Littleton, MA, which currently meet internationally and nationally recognized standards and specifications.»

About Bureau Veritas

Bureau Veritas is a world-leading provider in testing, inspection and certification. Founded in 1828, the group has more than 78,000 employees in more than 1,500 offices and laboratories around the globe. Bureau Veritas helps its clients to improve their performances by offering innovative services and solutions in order to ensure that their products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environment protection and social responsibility.

Bureau Veritas is listed on Euronext Paris and belongs to the Next 20 index

Compartment A, ISIN code FR 006174348, stock symbol: BVI.

Website: https://group.bureauveritas.com

Bureau Veritas’ Consumer Products Services division is a leading global quality assurance provider for the global consumer product and retail markets. It offers an array of specialized services including testing, inspections, audits and engineering services for a wide range of consumer products. These products include hard goods; toys and juvenile products; soft goods; premiums; electrical and electronic products including wireless and mobile devices; automotive equipment; food products as well as health, beauty, cosmetics, and household products.

Website: https://www.cps.bureauveritas.com

For sales enquiries, please contact:

Bureau Veritas Consumer Products Services Inc.
815, N. Opdyke Rd., #100, Auburn Hills
Michigan, MI 48326, USA
Tel: +1 (949) 302-9889
Email: sales.eaw@us.bureauveritas.com

Veoneer Begins Production of Technology Suite for Polestar 2

STOCKHOLM, May 6, 2020 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), launches its state-of-the-art suite of collision mitigation technology on the new fully electric Polestar 2.  

Veoneer begins production of its advanced sensing technology and software enabling the Polestar 2 to become a leader in the next generation of car safety. The system allows the Polestar 2 to gather information and data about its surroundings and the trajectory…

STOCKHOLM, May 6, 2020 /PRNewswire/ — The automotive technology company Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), launches its state-of-the-art suite of collision mitigation technology on the new fully electric Polestar 2.  

Veoneer begins production of its advanced sensing technology and software enabling the Polestar 2 to become a leader in the next generation of car safety. The system allows the Polestar 2 to gather information and data about its surroundings and the trajectory of vehicles around it to assist drivers to avoid potentially hazardous situations. 

Key components of the technology suite include Veoneer’s 4th generation mono vision system, 77GHz front radar, and a state-of-the-art ADAS Electronic Control Unit (ECU). The Polestar 2 is the first vehicle to use the Zenuity sensor fusion software platform enabling industry-leading features like object detection, lane keeping aid, forward collision warning, adaptive cruise control, autonomous emergency braking, and traffic assist.  

Veoneer’s front 77 GHz radar unit and windshield-mounted mono vision camera keeps the Polestar 2’s eyes on the road to take preventative measures whenever something encroaches on its path ahead. Everything from disabled cars to pedestrians can be noticed by the Polestar 2, which then warns the driver (via a brake pulse, audio warning signal, and visual warning signal in the driver display) and then brakes automatically if needed. Automatic pre-braking, steering support, and incrementally tightening seatbelts also come into play, maximizing safety for the occupants.

Veoneer’s 4th generation mono vision system is designed with a 100-degree field-of-view and 1.7 megapixel resolution to support ADAS features necessary to achieve 5-star ratings for Euro NCAP.  The system is comprised of fully integrated hardware and algorithms using deep learning technologies that identify objects such as cars, road markings, or road signs.

Veoneer’s newest generation of 77GHz radars have improved performance and provide reliable and accurate situational awareness of objects surrounding the vehicle.  Veoneer’s radar design has improved waveform and operates at extended ranges needed to achieve 5-star ratings for Euro NCAP.Veoneer’s ADAS ECU is the «ADAS brain» of the vehicle which hosts a sophisticated software feature stack along with feature software from other sensors to interpret the situation around the vehicle, and trigger ADAS features such as emergency braking or cross traffic alert.  Veoneer’s ADAS ECU is designed to be an open scalable hardware and software architecture that hosts algorithms.  

«We are excited to start deliveries of Veoneer’s 4th generation mono vision cameras, upgraded 77GHz radars, ADAS ECUs and industry-leading feature software on the all-new Polestar 2, allowing drivers to interact with the Polestar and its surroundings in an advanced new way,» says Jan Carlson, Veoneer Chairman, President and CEO. «Veoneer is proud to bring new levels of safety and convenience to car drivers and occupants across the globe and the Polestar 2 is the first vehicle equipped with these advanced systems.»

Veoneer, Inc. is a worldwide leader in automotive technology. Our purpose is to create trust in mobility. We design, manufacture and sell state-of-the-art software, hardware and systems for occupant protection, advanced driving assistance systems, and collaborative and automated driving to OEMs globally. Headquartered in Stockholm, Sweden, Veoneer has 7,600 employees in 13 countries. In 2019, sales amounted to $1.9 billion. The Company is building on a heritage of close to 70 years of automotive safety development. In 2018, Veoneer became an independent, publicly traded company listed on the New York Stock Exchange (NYSE: VNE) and on the Nasdaq Stockholm (SSE: VNE SDB).

Safe Harbor Statement: This release contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Veoneer, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and/or data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any forward-looking statements in light of new information or future events, except as required by law.

For more information, please contact:

Thomas Jönsson
EVP Communications & IR
tel +46 (0)8 527 762 27

Ray Pekar
VP Investor Relations
tel +1 (248) 794-4537

 

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Frost & Sullivan Assesses Impact of Autonomous Cars and EVs on Test & Measurement Market

ADAS testing is estimated to experience the most growth, totaling $659.9 million by 2025

SANTA CLARA, California, May 5, 2020 /PRNewswire/ — As the global automotive industry experiences a slump in sales from traditional automobiles, the sector is focusing on the development of autonomous cars and electric vehicles (EV), which present immense opportunities for the test and measurement industry. Frost & Sullivan’s recent analysis,…

ADAS testing is estimated to experience the most growth, totaling $659.9 million by 2025

SANTA CLARA, California, May 5, 2020 /PRNewswire/ — As the global automotive industry experiences a slump in sales from traditional automobiles, the sector is focusing on the development of autonomous cars and electric vehicles (EV), which present immense opportunities for the test and measurement industry. Frost & Sullivan’s recent analysis, Autonomous Car and Electric Vehicle Growth Opportunities in the Test and Measurement Market, Forecast to 2025, finds that if solutions offered by pure-play test & measurement OEMs and third party testing and certification service providers are combined, the global autonomous car and EV test and measurement market is estimated to generate revenues of $1.6 billion by 2025, up from $1.2 billion in 2019.

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Among four types of testing—advanced driver-assistance systems (ADAS), EV, infotainment, and connected car—ADAS is estimated to have the highest growth, reaching $659.9 million by 2025. This expansion can be attributed to the number of electronic control units (ECUs) and domain control units (DCUs) that are incorporated into a vehicle to make it fully autonomous and reduce its production time.

For further information on this analysis, please visit: http://frost.ly/42y

«There is a significant degree of overlap between infotainment, ADAS, and vehicle-to-everything (V2X); this overlap will increase as vehicle autonomy continues to grow, which will require testing methodologies such as hardware-in-the-loop (HIL),» said Rohan Joy Thomas, Industrial Research Analyst at Frost & Sullivan.  HIL simulates real-world traffic in the lab environment and validates the performance of software embedded inside the ECUs and DCUs against the stimuli.»

Thomas also noted the start-ups that continue to proliferate in the automotive industry pose a challenge to traditional automotive original equipment manufacturers (OEMs) in terms of innovation.

«Testing vendors and OEMs must collaborate to build testing platforms that are customized to the requirements of the particular OEMs,» said Thomas. «Additionally, test and measurement solution providers must focus on engineering testing equipment that can test cloud- and 5G-based autonomous car technologies.»

As autonomous vehicles gain traction, testing solutions that can assure the security of the fully autonomous car will also grow in popularity, presenting business prospects in the following areas:

  • Upcoming ADAS and infotainment use-cases will further drive the use of Automotive Ethernet and the demand for solutions that can test the technology
  • Testing vendors should implement solutions that can test levels of automotive applications and protect the autonomous vehicle with adequate cybersecurity.
  • Testing vendors must provide testing expertise such as millimeter wave testing, to validate 5G network for autonomous car use-cases, as well as for testing dedicated short range communications (DSRC)
  • With the rise of Feature-on-Demand, Automotive OEMs would want to monetize on features that their customers subscribe to. Testing vendors should partner with providers of a wide range of in-car services that passengers or drivers could subscribe to.

Autonomous Car and Electric Vehicle Growth Opportunities in the Test and Measurement Market, Forecast to 2025 is the latest addition to Frost & Sullivan’s Industrial 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.

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.

Autonomous Car and Electric Vehicle Growth Opportunities in the Test and Measurement Market, Forecast to 2025 

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E: jaylon.brinkley@frost.com

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Low-Speed Vehicle Market Worth $6.3 Billion by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, May 5, 2020 /PRNewswire/ — According to the new market research report «Low-Speed Vehicle Market by Type (Commercial Turf & Industrial Utility Vehicle, Golf Cart, and Personal Mobility Vehicle), Power Output (<8 kW, 8-15 kW, and >15 kW), Propulsion…

CHICAGO, May 5, 2020 /PRNewswire/ — According to the new market research report «Low-Speed Vehicle Market by Type (Commercial Turf & Industrial Utility Vehicle, Golf Cart, and Personal Mobility Vehicle), Power Output (<8 kW, 8-15 kW, and >15 kW), Propulsion (Diesel, Electric, and Gasoline), Application and Region – Forecast to 2025″, published by MarketsandMarkets™, the global Low-Speed Vehicle Market is projected to grow at a CAGR of 8.6% to reach a market size of USD 6.3 billion by 2025 from 4.2 billion in 2020. The rising trend of using LSV in hotels & resorts, industrial facilities, golf courses and college campuses is projected to fuel the demand of these vehicles.

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Browse in-depth TOC on «Low-Speed Vehicle Market»
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«Electric Low-Speed Vehicles Market to have the largest market among other types of propulsion»

The growing trend towards electrification, zero-emission, and lower operating cost, the electric LSV are estimated to have the largest market during the forecast period. The battery is the power source for electric vehicles. Presently, battery costs almost one-third of the total electric vehicle price. It is observed that the battery prices, which were more than USD 1,100 per kilowatt-hour in 2010, have fallen 87% in real terms to USD 156 per kilowatt-hour in 2019. OEMs and battery manufacturers are working towards the development of high energy density battery to deliver more distance coverage on a single charge. Since the automotive industry is moving towards electric vehicles, a similar trend is being observed in the LSV segment too, where key vehicle types are golf cars and personnel carriers. The electric LSV are a better fit option as the LSV is required for short distance coverage and can be used for low power output. 

 «>15 kW power output market to grow at the fastest pace in the Low-Speed Vehicles Market for North America«

Based on the use and the terrain, the power output or the vehicle type of LSV is been considered. The market for the high-power output (>15 kW) segment is expected to showcase the highest growth during the forecast period. High power output vehicles are found in all types of LSV such as commercial turf utility vehicles, industrial utility vehicles, and personal carriers. The demand for high-speed LSVs is increasing with the increase in the speed limit and government permission to ride it on selected roads and high-speed capability requires high power output.

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«Presence of a large number of EV manufacturers and strict emission regulations would drive the North America Low-Speed Vehicles Market»

North America is estimated to be the fastest and largest growing low-speed vehicles market during the forecast period. The market growth in the region can be attributed due to the presence of established manufacturers such as Polaris Inc., Textron Inc., and Ingersoll Rand plc, among others. Also, the strict emission regulations, rapid improvement in battery technology, and increasing demand for electric vehicles will boost the market for LSVs in this country.  

Major players like Dana and Lydall are investing and increasing their footprint in the Asia Pacific market. For instance, in 2018, Dana inaugurated a plant that would manufacture thermal management products for conventional and new-energy vehicles in Yancheng, China. The rising penetration of such companies in Asia Pacific will drive the overall market.

The Low-Speed Vehicle Market is dominated by a few globally established players Ingersoll Rand plc (US), Textron, Inc. (US), Deere & Company (US), The Toro Company (US), Kubota Corporation (Japan), Yamaha Motor Co., Ltd. (Japan), Polaris Industries, Inc. (US), American Landmaster (US), Columbia Vehicle Group (US), HDK Electric Vehicle(US) and Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd (China).

 Browse Related Reports:

Electric Vehicle Market by Vehicle (Passenger Cars & Commercial Vehicles), Vehicle Class (Mid-priced & Luxury), Propulsion (BEV, PHEV & FCEV), EV Sales (OEMs/Models) Charging Station (Normal & Super) & Region – Global Forecast to 2030

Electric Commercial Vehicle Market by Propulsion Type, Vehicle Type, Range, Battery Type, Length of Bus, Power Output Type, Battery Capacity Type, Component Type, Autonomous Vehicles Type, and Region – Global Forecast to 2027

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