Artificial Intelligence
Global Product Lifecycle Management (PLM) Industry
New York, Sept. 08, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Product Lifecycle Management (PLM) Industry” – https://www.reportlinker.com/p0552792/?utm_source=GNW
On the other, the necessity of a comprehensive digital transformation is growing loud and clear as survival increasingly equates to digital preparedness. Virtually every company is feeling the impact of market and business disruptions on their revenues. As cash flows dry up, companies are forced to rationalize their budgets for technologies critical for immediate survival. These include work from home technologies and remote collaboration tools, as brick-and-mortar offices shift online. Technologies like VPN, virtual desktops, remote desktops which typically take months and years to prioritize for companies that have resisted going digital are today witnessing accelerated adoption spanning mere days and weeks. Broader and bigger CAPEX heavy technologies like Internet of things (IoT), automation/smart factories, block chain, artificial intelligence(AI), 3D printing have hit a paradox. These technologies remain vital now more than ever for resilient, long-term, digital infrastructures capable of driving future-of-work, future-of-connectedness, future-of-operations, future-of-data management and connectedness and digital innovations.
The immediate financial impact on companies however is resulting in a huge reduction in non-essential spending and investments. The definition of non-essential, however, remains fluid and is largely determined by a company’s financial reserve and strength. For large companies with the financial muscle to sustain planned spending, investments in these technologies will remain unchanged and will be an essential digital strategy for navigating through the current crisis and its future implications. For companies with financial limitations, delayed investments will be inevitable as survival and damage limitation comes foremost. For these companies, many Industry 4.0 and automation solutions currently being considered or being deployed fall into the category of non-essential business activities. Against this backdrop, Product Lifecycle Management (PLM)joins the ranks of non-essential IT spending. Demand is expected to decline in 2020 by -2.3% only to reemerge stronger as a new world post pandemic emerges with a renewed focus on digital engineering. The global market is projected to reach a revised size of US$64.3billion by the year 2027. In the post COVID-19 period, as companies correct their digital strategies to ensure better technology and competitive preparedness in the future, PLM will need to be made future-proof, scalable & flexible.
The ability to generate and manage product data in design, engineering and manufacturing stages can never be overemphasized. A resilient approach to disruptive changes in product design will therefore be crucial for manufacturers of tomorrow. Between the period 2000 to 2019, average product lifecycle has shortened by 50%, while product complexity has increased by 3X. In the IoT connected future, product design and functionality will become complex requiring PLM to transcend beyond the conventional role of managing CAD files and coordinating mechanical design processes. Virtually, every product in the projected world of 60 billion active connected devices by 2022will feature design complexity involving onboard electronics and communications technologies, which will require new generation AI driven PLM to address product development and innovation challenges. In the midst of new materials, regulatory compliance needs, new manufacturing processes, design optimization needs, simulations, marketing, maintenance to recycling, PLM will play a pivotal role in coordinating information, data, processes and people associated with a product’s complex lifecycle.
Read the full report: https://www.reportlinker.com/p0552792/?utm_source=GNW
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
World GDP Growth Rates in % for the Years 2019 and 2020 by
Country/Region
Global Purchasing Managers’ Index (PMI) Points for the Years
2018 through 2020
Digital Engineering Push in the Post COVID-19 Period Will
Revive Opportunities for PLM
Global Digital Transformation Spending (In US$ Trillion)
Product Lifecycle Management: Technology Overview
Organizations Invest in PLM Software to Expedite Time-to-Market
and Improve ROI
Outlook
Rising Value and Role of PLM in Shaping Product and Business
Landscape
Analysis by Segment
Developed Regions: Prime Revenue Contributors
Developing Countries: Hot Spots for Future Growth
Competition
Product Lifecycle Management (PLM) Software Competitor Market
Share Scenario Worldwide (in %): 2019
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Digital Twins Present Compelling Use Cases for PLM to Support
Smart Manufacturing
PLM Software Adapts to Product Data Analytics and Artificial
Intelligence
Big Data PLM and PDaaS Provide Real-Time Data for Faster
Decision Making
Microservices Architecture Infuses Agility into PLM-based
Operations
Organizations Eye on Blockchain to Manage Product Data for PLM
PLM to Play Instrumental Role in Enabling Digital Factories of
the Future
Global Industrial Automation Market (in US$ Billion) for the
Years 2019, 2022, 2024 and 2026
Closed Loop PLM Solutions (C-L PLM) to Benefit from the
Emerging Era of Digital Manufacturing, Smart Factories & IIoT
Increasing Demand for Integrated PLM Platforms to Augment
Growth of Cloud-Based PLM Market
Product Innovation Platforms Emerge as Efficient Options to
Support Multiple Users and Disciplines through Product
Lifecycle
Focus on Collaborative Product Development to Benefit Adoption
of Integrated PLM Solutions
Escalating Regulatory Compliance Requirements & Ensuing Need to
Reduce Product Risk Throws the Focus on PLM
Open Source PLM Makes its Disruptive Appearance in the Market
Emerging Role of OEMs as Assemblers Amplifies the Need for PLM
Enterprise Mobility Wave Drives Emergence of Mobile PLM
Key Factors Encouraging BYOD Trend among Enterprises Ranked by
Importance Attached by Enterprises
Global Spending on BYOD (in US$ Billion) for the Years 2019,
2021, 2023 and 2025
Cloud Extends PLM Access to Startups and Mid-Sized Businesses
Growing Interest in Autonomous Vehicles to Support Growth
Pharma PLM Set to Make Gains
PLM to Witness Improved Adoption in the Aerospace & Defense Sector
Rise in Demand for PLM in the Consumer Products & Retail Sector
Application of PLM in the Semiconductor Industry
4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Product Lifecycle
Management (PLM) by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2020 through 2027
Table 2: World Historic Review for Product Lifecycle Management
(PLM) by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 3: World 15-Year Perspective for Product Lifecycle
Management (PLM) by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets for
Years 2012, 2020 & 2027
Table 4: World Current & Future Analysis for Software by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 5: World Historic Review for Software by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 6: World 15-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 7: World Current & Future Analysis for Services by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 8: World Historic Review for Services by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 9: World 15-Year Perspective for Services by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 10: World Current & Future Analysis for On-Premise by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 11: World Historic Review for On-Premise by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 12: World 15-Year Perspective for On-Premise by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 13: World Current & Future Analysis for Cloud by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 14: World Historic Review for Cloud by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Billion for Years 2012 through 2019
Table 15: World 15-Year Perspective for Cloud by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2020 & 2027
Table 16: World Current & Future Analysis for Aerospace &
Defense by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2020 through 2027
Table 17: World Historic Review for Aerospace & Defense by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 18: World 15-Year Perspective for Aerospace & Defense by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 19: World Current & Future Analysis for Automotive &
Transportation by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Billion for Years 2020 through 2027
Table 20: World Historic Review for Automotive & Transportation
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 21: World 15-Year Perspective for Automotive &
Transportation by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2012, 2020 & 2027
Table 22: World Current & Future Analysis for Semiconductor &
Electronics by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2020 through 2027
Table 23: World Historic Review for Semiconductor & Electronics
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 24: World 15-Year Perspective for Semiconductor &
Electronics by Geographic Region – Percentage Breakdown of
Value Sales for USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa for Years
2012, 2020 & 2027
Table 25: World Current & Future Analysis for Retail & Consumer
Goods by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 26: World Historic Review for Retail & Consumer Goods by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 27: World 15-Year Perspective for Retail & Consumer Goods
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
Table 28: World Current & Future Analysis for Healthcare & Life
Sciences by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2020 through 2027
Table 29: World Historic Review for Healthcare & Life Sciences
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 30: World 15-Year Perspective for Healthcare & Life
Sciences by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa for Years 2012, 2020 &
2027
Table 31: World Current & Future Analysis for Other Verticals
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 32: World Historic Review for Other Verticals by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 33: World 15-Year Perspective for Other Verticals by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Table 34: USA Current & Future Analysis for Product Lifecycle
Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 35: USA Historic Review for Product Lifecycle Management
(PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 36: USA 15-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Sales for Software and Services for the Years 2012, 2020 & 2027
Table 37: USA Current & Future Analysis for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 38: USA Historic Review for Product Lifecycle Management
(PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 39: USA 15-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Sales for On-Premise and Cloud for the Years 2012, 2020 & 2027
Table 40: USA Current & Future Analysis for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 41: USA Historic Review for Product Lifecycle Management
(PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail & Consumer
Goods, Healthcare & Life Sciences and Other Verticals Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 42: USA 15-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Sales for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Healthcare & Life Sciences and Other Verticals for the Years
2012, 2020 & 2027
CANADA
Table 43: Canada Current & Future Analysis for Product
Lifecycle Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 44: Canada Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 45: Canada 15-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Sales for Software and Services for the Years 2012, 2020 & 2027
Table 46: Canada Current & Future Analysis for Product
Lifecycle Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 47: Canada Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 48: Canada 15-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Sales for On-Premise and Cloud for the Years 2012, 2020 & 2027
Table 49: Canada Current & Future Analysis for Product
Lifecycle Management (PLM) by Vertical – Aerospace & Defense,
Automotive & Transportation, Semiconductor & Electronics,
Retail & Consumer Goods, Healthcare & Life Sciences and Other
Verticals – Independent Analysis of Annual Sales in US$ Billion
for the Years 2020 through 2027
Table 50: Canada Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2012 through 2019
Table 51: Canada 15-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Sales for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Healthcare & Life Sciences and Other Verticals for the Years
2012, 2020 & 2027
JAPAN
Table 52: Japan Current & Future Analysis for Product Lifecycle
Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 53: Japan Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 54: Japan 15-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Sales for Software and Services for the Years 2012, 2020 & 2027
Table 55: Japan Current & Future Analysis for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 56: Japan Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 57: Japan 15-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Sales for On-Premise and Cloud for the Years 2012, 2020 & 2027
Table 58: Japan Current & Future Analysis for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 59: Japan Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2012 through 2019
Table 60: Japan 15-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Sales for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Healthcare & Life Sciences and Other Verticals for the Years
2012, 2020 & 2027
CHINA
Table 61: China Current & Future Analysis for Product Lifecycle
Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 62: China Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 63: China 15-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Sales for Software and Services for the Years 2012, 2020 & 2027
Table 64: China Current & Future Analysis for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 65: China Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 66: China 15-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Sales for On-Premise and Cloud for the Years 2012, 2020 & 2027
Table 67: China Current & Future Analysis for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 68: China Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2012 through 2019
Table 69: China 15-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Sales for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Healthcare & Life Sciences and Other Verticals for the Years
2012, 2020 & 2027
EUROPE
Table 70: Europe Current & Future Analysis for Product
Lifecycle Management (PLM) by Geographic Region – France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2020 through 2027
Table 71: Europe Historic Review for Product Lifecycle
Management (PLM) by Geographic Region – France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets – Independent
Analysis of Annual Sales in US$ Billion for Years 2012 through
2019
Table 72: Europe 15-Year Perspective for Product Lifecycle
Management (PLM) by Geographic Region – Percentage Breakdown of
Value Sales for France, Germany, Italy, UK, Spain, Russia and
Rest of Europe Markets for Years 2012, 2020 & 2027
Table 73: Europe Current & Future Analysis for Product
Lifecycle Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 74: Europe Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 75: Europe 15-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Sales for Software and Services for the Years 2012, 2020 & 2027
Table 76: Europe Current & Future Analysis for Product
Lifecycle Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 77: Europe Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 78: Europe 15-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Sales for On-Premise and Cloud for the Years 2012, 2020 & 2027
Table 79: Europe Current & Future Analysis for Product
Lifecycle Management (PLM) by Vertical – Aerospace & Defense,
Automotive & Transportation, Semiconductor & Electronics,
Retail & Consumer Goods, Healthcare & Life Sciences and Other
Verticals – Independent Analysis of Annual Sales in US$ Billion
for the Years 2020 through 2027
Table 80: Europe Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2012 through 2019
Table 81: Europe 15-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Sales for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Healthcare & Life Sciences and Other Verticals for the Years
2012, 2020 & 2027
FRANCE
Table 82: France Current & Future Analysis for Product
Lifecycle Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 83: France Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 84: France 15-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Sales for Software and Services for the Years 2012, 2020 & 2027
Table 85: France Current & Future Analysis for Product
Lifecycle Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 86: France Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 87: France 15-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Sales for On-Premise and Cloud for the Years 2012, 2020 & 2027
Table 88: France Current & Future Analysis for Product
Lifecycle Management (PLM) by Vertical – Aerospace & Defense,
Automotive & Transportation, Semiconductor & Electronics,
Retail & Consumer Goods, Healthcare & Life Sciences and Other
Verticals – Independent Analysis of Annual Sales in US$ Billion
for the Years 2020 through 2027
Table 89: France Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2012 through 2019
Table 90: France 15-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Sales for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Healthcare & Life Sciences and Other Verticals for the Years
2012, 2020 & 2027
GERMANY
Table 91: Germany Current & Future Analysis for Product
Lifecycle Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 92: Germany Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 93: Germany 15-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Sales for Software and Services for the Years 2012, 2020 & 2027
Table 94: Germany Current & Future Analysis for Product
Lifecycle Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 95: Germany Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 96: Germany 15-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Sales for On-Premise and Cloud for the Years 2012, 2020 & 2027
Table 97: Germany Current & Future Analysis for Product
Lifecycle Management (PLM) by Vertical – Aerospace & Defense,
Automotive & Transportation, Semiconductor & Electronics,
Retail & Consumer Goods, Healthcare & Life Sciences and Other
Verticals – Independent Analysis of Annual Sales in US$ Billion
for the Years 2020 through 2027
Table 98: Germany Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2012 through 2019
Table 99: Germany 15-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Sales for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Healthcare & Life Sciences and Other Verticals for the Years
2012, 2020 & 2027
ITALY
Table 100: Italy Current & Future Analysis for Product
Lifecycle Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 101: Italy Historic Review for Product Lifecycle
Management (PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 102: Italy 15-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Sales for Software and Services for the Years 2012, 2020 & 2027
Table 103: Italy Current & Future Analysis for Product
Lifecycle Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 104: Italy Historic Review for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 105: Italy 15-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Sales for On-Premise and Cloud for the Years 2012, 2020 & 2027
Table 106: Italy Current & Future Analysis for Product
Lifecycle Management (PLM) by Vertical – Aerospace & Defense,
Automotive & Transportation, Semiconductor & Electronics,
Retail & Consumer Goods, Healthcare & Life Sciences and Other
Verticals – Independent Analysis of Annual Sales in US$ Billion
for the Years 2020 through 2027
Table 107: Italy Historic Review for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals
Markets – Independent Analysis of Annual Sales in US$ Billion
for Years 2012 through 2019
Table 108: Italy 15-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Sales for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Healthcare & Life Sciences and Other Verticals for the Years
2012, 2020 & 2027
UNITED KINGDOM
Table 109: UK Current & Future Analysis for Product Lifecycle
Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 110: UK Historic Review for Product Lifecycle Management
(PLM) by Component – Software and Services Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 111: UK 15-Year Perspective for Product Lifecycle
Management (PLM) by Component – Percentage Breakdown of Value
Sales for Software and Services for the Years 2012, 2020 & 2027
Table 112: UK Current & Future Analysis for Product Lifecycle
Management (PLM) by Deployment – On-Premise and Cloud –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 113: UK Historic Review for Product Lifecycle Management
(PLM) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 114: UK 15-Year Perspective for Product Lifecycle
Management (PLM) by Deployment – Percentage Breakdown of Value
Sales for On-Premise and Cloud for the Years 2012, 2020 & 2027
Table 115: UK Current & Future Analysis for Product Lifecycle
Management (PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail &
Consumer Goods, Healthcare & Life Sciences and Other Verticals –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
Table 116: UK Historic Review for Product Lifecycle Management
(PLM) by Vertical – Aerospace & Defense, Automotive &
Transportation, Semiconductor & Electronics, Retail & Consumer
Goods, Healthcare & Life Sciences and Other Verticals Markets –
Independent Analysis of Annual Sales in US$ Billion for Years
2012 through 2019
Table 117: UK 15-Year Perspective for Product Lifecycle
Management (PLM) by Vertical – Percentage Breakdown of Value
Sales for Aerospace & Defense, Automotive & Transportation,
Semiconductor & Electronics, Retail & Consumer Goods,
Healthcare & Life Sciences and Other Verticals for the Years
2012, 2020 & 2027
SPAIN
Table 118: Spain Current & Future Analysis for Product
Lifecycle Management (PLM) by Component – Software and Services –
Independent Analysis of Annual Sales in US$ Billion for the
Years 2020 through 2027
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Artificial Intelligence
HITACHI ACQUIRES MA MICRO AUTOMATION OF GERMANY IN EFFORT TO ACCELERATE GLOBAL EXPANSION OF ROBOTIC SI BUSINESS IN THE MEDICAL AND OTHER FIELDS
HOLLAND, Mich., April 26, 2024 /PRNewswire/ — Hitachi Ltd. (TSE: 6501, “Hitachi”) has signed a stock purchase agreement on April 26 to acquire all shares of MA micro automation GmbH (“MA micro automation”, headquartered in St. Leon-Rot, Germany) from MAX Management GmbH (a subsidiary of MAX Automation SE). MA micro automation is a leading provider of robotic and automation technology (robotic SI) including high-speed linear handling systems, high-precision assembly lines, and high-speed vision inspection technology for Europe, North America, and Southeast Asia, for EUR 71.5M million. The transaction is expected to close in the second half of 2024, pending completion of the customary regulatory filings. After the acquisition is completed, MA micro automation will join JR Automation Technologies, LLC (“JR Automation”), a market leader in providing advanced automation solutions and digital technologies in the robotic system integration business for North America, Europe, and Southeast Asia as a continued effort to expand the company’s global presence.
MA micro automation is a technology leader for automation solutions within micro-assembly. Through its state-of-the-art proprietary high-speed and high-precision automation know-how, combined with unique optical image inspection capabilities, MA micro automation serves high-growth med-tech automation end-markets, covering the production, assembly, and testing medical and optical components including contact lenses, IVD and diabetes diagnostics consumables, and injection molding for medical use. The company was established in 2003 through a carve-out from Siemens*1 and since 2013 has been part of the MAX Automation group.
JR Automation is a leading provider of intelligent automated manufacturing technology solutions, serving customers across the globe in a variety of industries including automotive, life sciences, e-mobility, consumer and industrial products. With over 20 locations between North America, Europe, and Southeast Asia, the leading integrator offers nearly 2 million square feet (185,806 sq. m) of available build and engineering floorspace. This acquisition allows JR Automation to further grow and strengthen both the company’s geographical footprint and their continued commitment on expanding support capabilities within the European region and medical market vertical.
“MA micro automation provides engineering, build and support expertise with established capabilities in complex vision applications, high-speed and high-precision automation technologies. When integrated with JR Automation’s uniform global process and digital technologies, this partnership will further enhance our ability to deliver added value and support to all of our customers worldwide and continue to grow our capabilities in the medical market,” says Dave DeGraaf, CEO of JR Automation. “As we integrate this new dimension, impressive talents and abilities of the MA micro automation team we further enhance our ability to serve our customers, creating a more robust and globally balanced offering.”
With this acquisition, Hitachi aims to further enhance its ability to provide a “Total Seamless Solution*2” to connect manufacturer’s factory floors seamlessly and digitally with their front office data, allowing them to achieve total optimization and bringing Industry 4.0 to life. This “Total Seamless Solution” strategy links organizations’ operational activities such as engineering, supply chain, and purchasing to the plant floor and allows for real time, data-driven decision-making that improves the overall business value for customers.
Kazunobu Morita, Vice President and Executive Officer, CEO of Industrial Digital Business Unit, Hitachi, Ltd. says, “We are very pleased to welcome MA micro automation to the Hitachi Group. The team is based in Europe, providing robotic SI to global medical device manufacturing customers with its high technological capabilities and will join forces with JR Automation and Hitachi Automation to strengthen our global competitiveness. Hitachi aims to enhance its ability to provide value to customers and grow alongside them by leveraging its strengths in both OT, IT, including robotic SI, and “Total Seamless Solution” through Lumada*3’s customer co-creation framework.”
Joachim Hardt, CEO MA micro automation GmbH says, “Following the successful establishment and growth of MA micro automation within the attractive automation market for medical technology products, we are now opening a new chapter. Our partnership with Hitachi will not only strengthen our global competitive position, but we will also benefit from joint technological synergies and a global market presence. We look forward to a synergistic partnership with Hitachi and JR Automation.”
Outline of MA micro automation
Name
MA micro automation GmbH
Head Office
St. Leon-Rot, Germany
Representative
Joachim Hardt (CEO)
Outline of Business
Automation solutions within micro-assembly
Total no. of Employees:
Approx. 200 (As of April 2024)
Founded
2003
Revenues (2023)
€ 46.5 million
Website
*1
“Siemens” is a registered trademark or trademark of Siemens Trademark GmbH & Co. KG in the U.S. and other countries.
*2
“Total Seamless Solution” is a registered trademark of Hitachi, Ltd. in the U.S. and Japan.
*3
Lumada: A collective term for solutions, services and technologies based on Hitachi’s advanced digital technologies for creating value from customers’ data accelerating digital innovation. https://www.hitachi.com/products/it/lumada/global/en/index.html
About JR AutomationEstablished in 1980, JR Automation is a leading provider of intelligent automated manufacturing technology solutions that solve customers’ key operational and productivity challenges. JR Automation serves customers across the globe in a variety of industries, including automotive, life sciences, aerospace, and more.
In 2019, JR Automation was acquired by Hitachi, Ltd. In a strategic effort towards offering a seamless connection between the physical and cyber space for industrial manufacturers and distributers worldwide. With this partnership, JR Automation provides customers a unique, single-source solution for complete integration of their physical assets and data information, offering greater speed, flexibility, and efficiencies towards achieving their Industry 4.0 visions. JR Automation employs over 2,000 people at 21 manufacturing facilities in North America, Europe, and Asia. For more information, please visit www.jrautomation.com.
About Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.
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Artificial Intelligence
$10 million Artificial Intelligence Mathematical Olympiad Prize appoints further advisory committee members
D. Sculley, Kevin Buzzard, Leo de Moura, Lester Mackey and Peter J. Liu appointed to the advisory committee for the Artificial Intelligence Mathematical Olympiad Prize.
LONDON, April 26, 2024 /PRNewswire/ — XTX Markets’ newly created Artificial Intelligence Mathematical Olympiad Prize (‘AIMO Prize’) is a $10mn challenge fund designed to spur the creation of a publicly shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).
XTX Markets is delighted to announce the appointment of five further advisory committee members. This group brings great expertise in machine learning, including D. Sculley, the CEO of Kaggle; Lester Mackey, a Principal Researcher at Microsoft Research and a Macarthur Fellow; and Peter J. Liu, a research scientist at Google DeepMind.
Prolific mathematicians Kevin Buzzard, who achieved a perfect score in the International Mathematical Olympiad, and Leo De Moura who is the Chief Architect for Lean, the automated reasoning tool, also join the advisory group.
They join the existing advisory committee members Terence Tao and Timothy Gowers, both winners of the Fields Medal, as well as Dan Roberts, Geoff Smith and Po-Shen Loh.
The AIMO Advisory Committee will support the development of the AIMO Prize, including advising on appropriate protocols and technical aspects, and designing the various competitions and prizes.
Simon Coyle, Head of Philanthropy at XTX Markets, commented:
“We are thrilled to complete the AIMO Advisory Committee with the appointments of D., Kevin, Leo, Lester and Peter. Together, they have enormous experience in machine learning and automated reasoning and are already bringing expertise and wisdom to the AIMO Prize. We look forward to announcing the winners of the AIMO’s first Progress Prize soon, and then publicly sharing the AI models to support the open and collaborative development of AI.”
Further information on the AIMO Prize
There will be a grand prize of $5mn for the first publicly shared AI model to enter an AIMO approved competition and perform at a standard equivalent to a gold medal in the IMO. There will also be a series of progress prizes, totalling up to $5mn, for publicly shared AI models that achieve key milestones towards the grand prize.
The first AIMO approved competition opened to participants in April 2024 on the Kaggle competition platform. The first progress prize focuses on problems pitched at junior and high-school level maths competitions. There is a total prize pot of $1.048m for the first progress prize, of which at least $254k will be awarded in July 2024, There will be a presentation of progress held in Bath, England in July 2024, as part of the 65th IMO.
For more information on the AIMO Prize visit: https://aimoprize.com/ or the competition page on Kaggle: https://www.kaggle.com/competitions/ai-mathematical-olympiad-prize/
Advisory Committee member profiles:
D. Sculley
D. is the CEO at Kaggle. Prior to joining Kaggle, he was a director at Google Brain, leading research teams working on robust, responsible, reliable and efficient ML and AI. In his career in ML, he has worked on nearly every aspect of machine learning, and has led both product and research teams including those on some of the most challenging business problems. Some of his well-known work involves ML technical debt, ML education, ML robustness, production-critical ML, and ML for scientific applications such as protein design.
Kevin Buzzard
Kevin a professor of pure mathematics at Imperial College London, specialising in algebraic number theory. As well as his research and teaching, he has a wide range of interests, including being Deputy Head of Pure Mathematics, Co-Director of a CDT and the department’s outreach champion. He is currently focusing on formal proof verification, including being an active participant in the Lean community. From October 2024, he will be leading a project to formalise a 21st century proof of Fermat’s Last Theorem. Before joining Imperial, some 20 years ago, he was a Junior Research Fellow at the University of Cambridge, where he had previously been named ‘Senior Wrangler’ (the highest scoring undergraduate mathematician). He was also a participant in the International Mathematical Olympiad, winning gold with a perfect score in 1987. He has been a visitor at the IAS in Princeton, a visiting lecturer at Harvard, has won several prizes both for research and teaching, and has given lectures all over the world.
Leo de Moura
Leo is a Senior Principal Applied Scientist in the Automated Reasoning Group at AWS. In his spare time, he dedicates himself to serving as the Chief Architect of the Lean FRO, a non-profit organization that he proudly co-founded alongside Sebastian Ullrich. He is also honoured to hold a position on the Board of Directors at the Lean FRO, where he actively contributes to its growth and development. Before joining AWS in 2023, he was a Senior Principal Researcher in the RiSE group at Microsoft Research, where he worked for 17 years starting in 2006. Prior to that, he worked as a Computer Scientist at SRI International. His research areas are automated reasoning, theorem proving, decision procedures, SAT and SMT. He is the main architect of several automated reasoning tools: Lean, Z3, Yices 1.0 and SAL. Leo’s work in automated reasoning has been acknowledged with a series of prestigious awards, including the CAV, Haifa, and Herbrand awards, as well as the Programming Languages Software Award by the ACM. Leo’s work has also been reported in the New York Times and many popular science magazines such as Wired, Quanta, and Nature News.
Lester Mackey
Lester Mackey is a Principal Researcher at Microsoft Research, where he develops machine learning methods, models, and theory for large-scale learning tasks driven by applications from climate forecasting, healthcare, and the social good. Lester moved to Microsoft from Stanford University, where he was an assistant professor of Statistics and, by courtesy, of Computer Science. He earned his PhD in Computer Science and MA in Statistics from UC Berkeley and his BSE in Computer Science from Princeton University. He co-organized the second place team in the Netflix Prize competition for collaborative filtering; won the Prize4Life ALS disease progression prediction challenge; won prizes for temperature and precipitation forecasting in the yearlong real-time Subseasonal Climate Forecast Rodeo; and received best paper, outstanding paper, and best student paper awards from the ACM Conference on Programming Language Design and Implementation, the Conference on Neural Information Processing Systems, and the International Conference on Machine Learning. He is a 2023 MacArthur Fellow, a Fellow of the Institute of Mathematical Statistics, an elected member of the COPSS Leadership Academy, and the recipient of the 2023 Ethel Newbold Prize.
Peter J. Liu
Peter J. Liu is a Research Scientist at Google DeepMind in the San Francisco Bay area, doing machine learning research with a specialisation in language models since 2015 starting in the Google Brain team. He has published and served as area chair in top machine learning and NLP conferences such as ICLR, ICML, NEURIPS, ACL and EMNLP. He also has extensive production experience, including launching the first deep learning model for Gmail Anti-Spam, and using neural network models to detect financial fraud for top banks. He has degrees in Mathematics and Computer Science from the University of Toronto.
About XTX Markets:
XTX Markets is a leading financial technology firm which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. XTX has over 200 employees based in London, Paris, New York, Mumbai, Yerevan and Singapore. XTX is consistently a top 5 liquidity provider globally in FX (Euromoney 2018-present) and is also the largest European equities (systematic internaliser) liquidity provider (Rosenblatt FY: 2020-2023).
The company’s corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £100mn to charities and good causes, establishing it as a major donor in the UK and globally.
In a changing world XTX Markets is at the forefront of making financial markets fairer and more efficient for all.
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Artificial Intelligence
Hikvision redefines urban mobility with AIoT-powered solutions at Intertraffic 2024
HANGZHOU, China, April 26, 2024 /PRNewswire/ — Hikvision made a significant appearance at Intertraffic Amsterdam, the leading global trade fair for mobility and traffic technology. At the trade event, Hikvision unveiled a suite of traffic, transport, and parking management solutions and products powered by Artificial Intelligence of Things (AIoT) technology, which promised to improve urban mobility, road safety, and operational efficacy.
Elevating urban traffic intelligence with AIoT
One highlight of the Hikvision stand was its intelligent urban traffic solution, which leveraged the power of AIoT to deliver comprehensive real-time monitoring, incident detection, and traffic control. This solution intelligently reshapes traffic dynamics, offering a more responsive and data-driven approach to enhance situational awareness and traffic management. Key innovations in the solution included:
Hikvision’s radar-video fusion camerasThese combine the range perception of radar with the visual perception of video. The 4 MP Radar and Video Vehicle Detector, for example, helps to enhance road safety by providing early warning of potential hazards in challenging situations such as blind spots at intersections and obstacles outside the visual range.Hikvision’s All-In-One Traffic SpotterThis stands out with its multifaceted design incorporating video, radar, and lighting technologies for heightened traffic violation detection. Its streamlined column design facilitates effortless installation.Hikvision’s Radar-Linked PTZ Camera This ensures consistent performance in adverse weather and lightening conditions, and minimizes false alarms with advanced deep-learning algorithms.Innovating parking management
Hikvision also introduced its parking management solutions. These combine extremely precise license plate recognition and intelligent barrier controls incorporating highly accurate radar sensors. This comprehensive approach enhances security, reduces the need for manual intervention, and streamlines traffic flow across parking areas. The Global Shutter CMOS* (GMOS) ANPR camera was a new addition to the lineup. Designed to seamlessly blend in the environment, it is tailored for the task of discreetly capturing license plates at parking facilities that prioritize subtlety.
Advancing public transportation safety and efficiency
Attendees also had the opportunity to explore Hikvision’s latest public transport solutions, integrating AI-driven analytics with advanced video security, on-site voice broadcasting, and centralized management for enhanced onboard security, improved passenger experience, and operational efficiency for buses and taxis. This included the Four-way monitoring system and the Panoramic Auxiliary System, both designed to reduce blind spots and provide high-definition imaging to improve driving safety.
“As ever, we are continually expanding our suite of technologies to enhance traffic safety and efficiency,” said Nick Wu, Project Product Director at Hikvision Europe. “Our commitment lies in minimizing the need for extensive roadside installations by incorporating comprehensive perception and robust AI within unified device frameworks. These innovations automate and streamline every aspect of traffic management, from violation detection to traffic flow monitoring, driving safety, and parking management.”
To find out more about Hikvision’s urban mobility products and solutions, please explore its official website.
Note: CMOS stands for Complementary Metal-Oxide-Semiconductor.
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