Artificial Intelligence
Automotive Seat Belt Market Size to Hit USD 18.18 Billion by 2027; Growing Adoption of Stringent Road Safety Regulations to Surge Demand, Says Fortune Business Insights™
Pune, Nov. 25, 2020 (GLOBE NEWSWIRE) — The global automotive seat belt market size is expected to showcase considerable growth by reaching USD 18.18 billion by 2027 while exhibiting a CAGR of 5.3% between 2020 and 2027. This is attributable to the increasing adoption of technology and the implementation of stringent road safety regulations that drives the adoption of automotive seat belts across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Automotive Seat Belt Market Size, Share & COVID-19 Impact Analysis, By Type (Two Point, Three-Point and Others), By Vehicle Type (Passenger Car, Commercial Vehicle) and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 12.04 billion in 2019.
Halted Manufacturing Automotive Activities amid COVID-19 to Hinder Growth
The ensuing lockdown amid the novel coronavirus announced by the government has led to a complete halt in production activities globally. The automotive and transportation sector is experiencing unprecedented economic loss owing to reduced production and sales of automobiles. Additionally, a major disruption in the supply chain and procurement of raw materials is further expected to restrain the market growth in the near future.
An automotive seat belt is a type of vehicle safety devices specially designed to secure the occupants against external factors such as a collision in sudden stoppage. These belts consist of components such as the retractor, seat belt tongue, webbing, and seat belt buckle. The conscious adoption of seat belts in automobiles drastically minimizes the risk of injuries that can be fatal at times.
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What does the Report Include?
The market report includes a detailed assessment of various growth drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive research into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnerships, mergers and acquisitions, and collaborations adopted by the companies to maintain market stronghold between 2019 and 2026.
DRIVING FACTORS
Increasing Adoption of Advanced Technology to Augment Growth
The rising road casualties are propelling the automakers to adopt innovative approaches to improve the safety and security of automobile occupants. The integration of modern technologies such as artificial intelligence (AI) and machine learning in the development of sophisticated automotive seat belts to improve traffic conditions and infrastructures is expected to bode well for the growth of the market. In addition to this, a global framework plan of action for better road safety by government organizations such as the United Nations Road Safety Trust Fund is expected to contribute to the growth of the global automotive seat belt market in the forthcoming years.
SEGMENTATION
Passenger Car Segment is Expected to Remain at the Forefront
The passenger car segment, based on vehicles, is expected to experience significant growth and dominance backed by the growing production of passenger utility cars such as SUVs, premium cars, and electric vehicles.
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REGIONAL INSIGHTS
Asia-Pacific Backed by Increasing Automotive Sales Generated USD 7.26 Billion Revenue in 2019
Among all the regions, Asia-Pacific is expected to dominate and hold the highest position in the global automotive seat belt market in the forthcoming years. This dominance is attributable to the surging demand for automobiles backed by improving living standards and high disposable income in countries such as India and China in the region.
North America, on the other hand, is anticipated to showcase exponential growth and hold the second position in the market during the forecast period. This is ascribable to factors such as the implementation of stringent road safety regulations that propel the adoption of innovative automotive seat belts in the region between 2020 and 2027.
COMPETITIVE LANDSCAPE
General Motors & Autoliv Focus on Introducing Advanced Products to Strengthen Market Positions
The global automotive seat belt market is fragmented by the presence of key players such as Autoliv and General Motors, among others. These companies are focusing on investing in the development of innovative automotive seat belts in the wake of the surging demand for sophisticated automobiles, along with electric vehicles across the globe. The other major companies are striving to maintain their presence by adopting strategies such as merger and acquisition, partnership, and collaborations and further expand their horizon that will bode well for the market growth.
Key Industry Development:
July 2020 – Hazen.ai announced the successful trial of its innovative automotive seat belt and mobile phone enforcement solutions. According to the company, the artificial intelligence (AI) powered solution provides over 90% accuracy of the mobile phone and seatbelt violation to the authorities to prevent road mishaps and compel the occupants to follow road safety rules.
List of the Companies Operating in the Global Automotive Seat Belt Market:
- ZF Friedrichshafen AG (Germany)
- Hyundai Mobis Co. Ltd (South Korea)
- Faurecia (France)
- General Motors (United States)
- AB Volvo (Sweden)
- GWR Co. (United Kingdom)
- Goradia Industries (India)
- Autoliv (Sweden)
- Ashimori Industry Co., Ltd (Japan)
- Robert Bosch GmbH (Germany)
- Other Players
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/automotive-seat-belts-market-102178
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Merger, Acquisitions, and Partnerships
- Distributor Analysis – For Major Players
- Growth and Penetration Analysis
- Porter’s Five Forces Analysis
- PEST Analysis
- Vendor Landscape
- Global Automotive Seat Belt Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Two Point
- Three Point
- Others
- Market Analysis, Insights and Forecast – By Vehicle Type
- Passenger Car
- Commercial Vehicles
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
TOC Continued…!
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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Artificial Intelligence
LTA’s Padel Programme Teams Up with Skylab for Enhanced Performance Analytics
MANCHESTER, England, April 17, 2024 /PRNewswire/ — Skylab, a UK-based specialist in sports technology and performance analysis, proudly announces its partnership with LTA Padel, solidifying its position as a premier provider of specialised services in the sports industry. This collaboration underscores Skylab’s commitment to excellence and showcases its ability to deliver innovative and diverse solutions tailored specifically for elite sports organisations like LTA Padel.
The LTA’s Padel performance programme in Great Britain will utilise Skylab’s Game Intelligence product and Performance Analysis services. The software will empower athletes and coaches alike with interactive and detailed match data, seamlessly integrated into intuitive dashboards that create automated video playlists. The Padel team at the LTA will gain a deeper understanding of padel at the elite level to support their talent identification, player pathway and coaching strategies as they strive to compete with the world’s best.
“Previously, Padel players lacked accurate and robust performance data, which made it impossible to analyse the opposition in detail. Coaches couldn’t answer their players’ key performance questions quickly, and performance directors had to rely on gut feeling and experience when evidencing what elite Padel looks like. However, our product and services provide practitioners with insights into the technical and tactical aspects of the game, as well as the physical demands required for elite-level performance. This allows practitioners to understand and predict the future performance of their players, enabling them to make data-informed decisions” says Ciaran Skinner, Business Development Manager, Skylab.
Skylab is a first-of-its-kind sports technology firm, offering tailored, market-leading Performance Analysis services and bespoke web platforms to elite sporting clients. It revolutionises how elite sports teams and individuals interact, use, and visualise their data. By packaging performance analysis with industry leading UX and bespoke software, partners will be in the position to make better decisions in sport.
For more information about Skylab and its services, please visit skylab.com or contact [email protected]
Notes
Website: www.skylab.com
https://skylab.com/padel-performance-insights/
Social:
LinkedIn – Skylab: https://www.linkedin.com/company/studio-skylab
LinkedIn – Skylab: Elite Performance Analysis: www.linkedin.com/company/skylab-epa/
About Skylab
Skylab is a first-of-its-kind sports technology firm, offering tailored, market-leading Performance Analysis services and bespoke web platforms to elite sporting clients. It revolutionises how elite sports teams and individuals interact, use, and visualise their data. By packaging performance analysis with industry leading UX and bespoke software, partners will be in the position to make better decisions in sport. Current clients include elite teams and organisations across Padel, Football, Athletics, Tennis, Rowing and more.
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View original content:https://www.prnewswire.co.uk/news-releases/ltas-padel-programme-teams-up-with-skylab-for-enhanced-performance-analytics-302119847.html
Artificial Intelligence
Unisys Digital Workplace Solutions Receives HDI’s IT Support Center Recertification, Recognizing Continued Excellence in IT Support
Certification highlights the company’s ongoing optimization of IT support and recognizes Unisys as the only globally certified managed service provider
BLUE BELL, Pa., April 17, 2024 /PRNewswire/ — Unisys (NYSE: UIS) has achieved recertification through HDI’s IT Support Center Certification program, demonstrating the company’s commitment to exceeding IT support expectations and achieving biannual recertification. HDI is the leading organization dedicated to elevating technical support and service management across enterprises.
HDI’s Support Center Certification is based on an internationally recognized standard for best practices in IT support and global validation of organizations with support divisions that operate efficiently and effectively, ultimately leading to increased customer satisfaction and retention. The audit demonstrated that Unisys provides world-class desk services to its clients and that Unisys customer experience measures are significantly more advanced than those of most organizations.
“I congratulate the entire Unisys team on achieving HDI Support Center Certification for their Global Service Desk,” said Tara Gibb, senior director, HDI. “As an HDI-Certified Support Center, Unisys Global Service Desk is part of an elite circle of support centers dedicated to quality operations, continuous improvement, strategic vision, a positive work environment and high levels of customer service.”
This assessment of Unisys reflects a 15% increase in overall performance and significant strides since the last certification audit in 2021. Key strengths highlighted in the recertification report include adding the Experience Management Office into the overall delivery model, implementing 14 Experience Level Agreements (XLA) in the production environment and focusing on proactive business development predictive experiences. Unisys received high marks for overall leadership, strategy and policy, and people management.
“The recertification represents the continuous work of our team to optimize IT support operations, progress the maturity of our advanced Global Service Desk capability and maintain our commitment to helping our clients achieve breakthroughs with superior IT support,” said Patrycja Sobera, global vice president, Digital Workplace Solutions Delivery, Unisys.
Patrycja Sobera has also been highlighted as one of HDI’s Top 25 Thought Leaders for 2024, and Unisys has been named a finalist in four key categories of the 2024 HDI Global Service and Support Awards:
Best Service and Support ManagerBest Service Improvement InitiativeBest Customer ExperienceBest Use of TechnologyThe HDI Global Service and Support Awards 2024 winners will be revealed at HDI SupportWorld Live in May 2024. In 2023, Unisys was named the winner in the Best Culture and Best Support Organization categories.
To learn more about the company’s global service desk offerings, click here.
About Unisys
Unisys is a global technology solutions company that powers breakthroughs for the world’s leading organizations. Our solutions – cloud, data and AI, digital workplace, logistics and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what’s possible for 150 years, visit unisys.com and follow us on LinkedIn.
RELEASE NO.: 0417/9944Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.UIS-C
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Artificial Intelligence
Huawei Introduces AI Technologies to Accelerate Network Transformation Towards All Intelligence in the Net5.5G Era
SHENZHEN, China, April 17, 2024 /PRNewswire/ — At Huawei Analyst Summit 2024, Steven Zhao, Vice President of Huawei’s Data Communication Product Line, delivered a speech entitled “Accelerating Network Transformation Towards All Intelligence”. Mr. Zhao shed light on how Huawei introduced AI technologies to upgrade network capabilities at case-, process-, and system-levels and accelerate network intelligence. Participants, including industry partners, also explored the current trends and future prospects of the Net5.5G industry.
“As AI technologies advance, we see the inflection point for deploying network intelligence. Networks need to be deeply integrated with AI technologies, propelling Net5.5G networks into the intelligent era,” said Steven Zhao. “We believe network innovation in the Net5.5G era covers two aspects: AI for Networks and Networks for AI. An intelligent network entails intelligent network elements (NEs), digital twins, and generative AI, which underpin efficient, intelligent network operations. And AI-powered network solutions accurately meet the needs of intelligent networks and, more importantly, turbocharge AI training and maximize the transmission capacity of intelligent computing.”
Huawei has pioneered in applying network intelligence technologies to the data communication field. Specifically, Huawei’s groundbreaking Net Master (powered by generative AI) and HD network digital map accelerate the pace towards L4 autonomous networks. Net5.5G High-Quality 10 Gbps CloudCampus leverages AI technologies to upgrade wireless, application, and operations and maintenance (O&M) experience. And Net5.5G Converged WAN — featuring high throughput, high elasticity, and highly guaranteed performance — offers intelligent transmission capacity for the computing power era. HiSec SASE enables intelligent defense and increases security operations efficiency by 100 times.
Ethan, Infrastructure Network Director at iFlytek, shared their innovative practices with Huawei’s Net5.5G Xinghe Data Center Network Solution. This solution empowers iFlytek with a cluster of over 10,000 GPUs/NPUs, improving AI model training efficiency by 17% while slashing AI training interruptions by 80%.
2024 is the first year for Net5.5G commercial use. At this event, the World Broadband Association (WBBA) and its members put forward Net5.5G industry initiatives to build high-speed, premium network infrastructures. China Academy of Information and Communications Technology (CAICT) also delved into Net5.5G next-generation Internet architectures, marking another wave of innovation in network technology.
Steven Zhao called on all industry stakeholders to jointly embrace Net5.5G, introduce intelligent technologies, deploy network digital twins at scale, and inspire AI technology innovation, ultimately accelerating network transformation towards all intelligence.
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View original content:https://www.prnewswire.co.uk/news-releases/huawei-introduces-ai-technologies-to-accelerate-network-transformation-towards-all-intelligence-in-the-net5-5g-era-302119770.html
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