Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Automotive Turbocharger Market Expected to Increase at a CAGR 10.5% through 2027

Published

on

Pleasanton, CA, Nov. 30, 2021 (GLOBE NEWSWIRE) — The Global Automotive Turbocharger Market is expected to grow from USD 12.2 Bn in 2020 to USD 24.5 Bn by 2027, at a CAGR of 10.5%.

The improved engine performance and fuel efficiency are expected to propel the automotive turbocharger growth during the forecast period. In a modern scenario, fuel efficiency is the most important issue among customers as fuel prices are skyrocketing on a normal basis, attributable to the restricted availability of fuel. The performance of automobiles additionally relies upon the engine. Hence, car producers are compelled to fabricate efficient engines, which could fulfil each necessity and deliver improved performance & fuel efficiency at the same time. Turbochargers are usually turbo-boosted engines that might be compact and mainly designed to grow fuel performance in compliance with the Corporate Average Fuel Economy (CAFÉ) standards that are relevant throughout the globe. In addition, these chargers provide numerous advantages, such as multiplied air consumption in the combustion chamber, excessive engine overall performance, and reuse of exhausted air. Turbochargers work excellent in high-speed engines and do not require any energy source to operate. Hence, improved engine overall performance and fuel efficiency are taken into consideration as one of the top drivers for the global automotive turbocharger market growth.

Avail discount upto 30% on this report @ https://www.alltheresearch.com/sample-request/809

The growing trend of engine downsizing to reduce the vehicle weight is one of the prominent factors driving the automotive turbocharger market growth. The continuous growth of turbochargers is predominantly pushed through a heightened demand for automobile producers to come across environmental emission regulations. It is similarly supported by accelerated manufacturing of vehicles, ships, and aircraft across the globe. Moreover, the engine downsizing trend is on a rise, because of the growing difficulty of automobile weight. Currently, fuel economy standards together with better performance have caused the market growth as lightweight alloys are utilized in the production of turbochargers to reduce fuel consumption. Moreover, turbochargers are very compact, therefore assisting to reduce engine and overall vehicle size.

The development of electric turbochargers by prominent players such as Garrett Motion, BorgWarner, and Continental AG provides the lucrative opportunity for the growth of the automotive turbocharger market during the forecast period. These players are successful in launching their 48V e-turbos in the market. Thus, proliferating the demand for automotive turbocharger market.

The key players operating in the automotive turbocharger market are:

BorgWarner Inc., BMTS TECHNOLOGY, Banks Power, Honeywell International Inc., Cummins Inc., IHI Corporation, MITSUBISHI HEAVY INDUSTRIES, LTD., LINAMAR, Precision Turbo & Engine, Rotomaster, THE TURBO ENGINEERS GmbH, TURBO ENERGY PRIVATE LIMITED, Turbonetics, Inc., Magnum Performance Turbos, GARRETT MOTION INC.

Global Automotive Turbocharger Market by Region Outlook (Revenue, USD Million, 2021-2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Report Customization @ https://www.alltheresearch.com/customization/809

In terms of geography, Europe is anticipated to witness the largest revenue share during the forecast period owing to the prominent players in the automotive industries such as Germany, France, Italy, and Spain. Moreover, the stringent regulation that is imposed by the government in the region supports the growth of the market in the region. For instance, according to the report published by ‘Continental AG’ in 2020, The European Union maintains its focus on achieving the Greenhouse Gas emission reductions planned for the second commitment period of the Kyoto protocol for 2013 to 2020 with the target to achieve in 2020, 20% of GHG reduction compared to the base year 1990. Thus, these facts support the growth of the automotive turbocharger market during the forecast period.

The Global Automotive Turbocharger Industry Segmentation:

Global Automotive Turbocharger Market by Vehicle Type Industry Outlook (Revenue, USD Million, 2021-2027)

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Global Automotive Turbocharger Market by Fuel Type Industry Outlook (Revenue, USD Million, 2021-2027)

  • Gasoline
  • Diesel

Global Automotive Turbocharger Market by Technology Type Industry Outlook (Revenue, USD Million, 2021-2027)

  • Variable Geometry Turbocharger
  • Wastegate Turbocharger
  • Electric Turbocharger

Key Findings:

  • Based on the vehicle type, the heavy commercial vehicle segment is expected to notable growth during the forecast period
  • Based on the technology type, the VGT segment grew at the highest CAGR during the forecast period
  • Based on region, Europe is anticipated to witness the largest revenue share during the forecast period

Speak to Analyst @ https://www.alltheresearch.com/speak-to-analyst/809

Recent News:

  • In May 2021, BorgWarner (USA) has entered into a global agreement to supply its advanced eTurbo to a major European OEM for high-voltage hybrid passenger cars.
  • In October 2019, Garrett Motion Inc. (Switzerland) developed E-Turbo for mass-market passenger automobiles that add a small electric powered motor at the shaft among wheels to reinforce the turbo immediately off idle. This removes lags among the times a driver hits the accelerator and felt acceleration. Electrification eliminates design constraints, prioritizing turbine performance at low engine speeds to drive the compressor.

Other Research Report Topics:

Electric Vehicle Charging Stations Market

EV Charging Cables Market

Autonomous Vehicle Market

Artificial Intelligence (AI) in Automotive Market

Automotive Biometric Market

Last Mile Delivery Market

Shared Mobility Market


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

oToBrite Develops a Compact All-Weather Vision-AI Driver Monitoring System for the Commercial Vehicle Market

Published

on

otobrite-develops-a-compact-all-weather-vision-ai-driver-monitoring-system-for-the-commercial-vehicle-market

HSINCHU, May 9, 2024 /PRNewswire/ — oToBrite, a leading provider of vision-AI ADAS solutions, has successfully developed a compact all-weather vision-AI Driver Monitoring System (DMS). With a high-sensitivity automotive-grade global shutter image sensor, the system achieves outstanding Quantum Efficiency (QE), providing clear image quality day and night. With oToBrite’s proprietary secondary optical system, the overall combination effectively enhances the accuracy and reliability of the vision-AI algorithm in all weather conditions. The DMS has already been successfully delivered to heavy commercial vehicle manufacturers, mitigating the potential risks of traffic accidents.

oToBrite’s vision-AI DMS utilizes self-developed AI 3D facial landmark technology to identify over 100 driver IDs and recognize driving behaviors, including smoking, phone use, distraction, fatigue. The system remains effective even when drivers wear Level 3 sunglasses or coated glasses, without compromising the detection and recognition capabilities of vision-AI.
The vision-AI DMS features a 940nm infrared and high-QE sensor, coupled with oToBrite’s proprietary optical design, ensuring clear images in strong light conditions (>120K lux) or during nighttime driving. Additionally, oToBrite’s vision-AI technology optimizes facial image quality, ensuring accurate AI recognition whether driving against sunlight, backlight, or through tunnels.
Miniaturization is a significant trend in driver monitoring applications. oToBrite further emphasizes that, compared to many systems on the market requiring multiple LEDs for sufficient illumination, the DMS only needs one LED to meet the system’s image quality requirements. In terms of hardware technology, oToBrite’s secondary optical system adjusts the LED light source to any angle to meet light distribution needs. Concentrating the light source can double the illumination, producing more reliable images for AI recognition. This also reduces optical component usage, enhances image clarity, and saves installation space and system costs.
According to the 2023 market research report by Gii, the DMS market reached $1.3 billion in 2022, with an expected Compound Annual Growth Rate (CAGR) of 8.3% by 2028, reaching $20.8 billion. Currently, several countries are drafting or have implemented regulations, and driven by regulatory demand, oToBrite’s compact all-weather vision-AI DMS has begun mass production, contributing to achieving Vision Zero. Read more: http://www.otobrite.com/en/block/index/99
About oToBrite 
oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949-certified clean room factory and many years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithms, ECU/domain controllers and automotive-grade/special purpose cameras.
Photo – https://mma.prnewswire.com/media/2406494/News_DMS0507.jpg

View original content:https://www.prnewswire.co.uk/news-releases/otobrite-develops-a-compact-all-weather-vision-ai-driver-monitoring-system-for-the-commercial-vehicle-market-302140971.html

Continue Reading

Artificial Intelligence

OMRON Selects IPfolio from Clarivate

Published

on

omron-selects-ipfolio-from-clarivate

IP solution maximizes operational efficiency for leading automation company
LONDON, May 9, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, announced today that OMRON has selected IPfolio™, an intellectual property management software from Clarivate to transform their IP operations. This solution will enable OMRON, a leading automation company to make smarter decisions and plan strategically using IP data and analytical insights.

With IPfolio’s help, OMRON will be able to better manage its IP assets and keep up with the rising number of filings and data volumes, while eliminating manual processes. The IP team at OMRON can enhance their analysis and collaboration with stakeholders by using insightful data visualizations. This can lead to increased productivity, deeper insights, and faster decision-making with confidence.
Gordon Samson, President, Intellectual Property, Clarivate, said, “Our IP Management Software integrates data and services to empower our clients to remove friction, enhance collaboration and make better informed decisions. We are confident that IPfolio will help OMRON simplify the process of managing IP assets across the entire lifecycle.”
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Jack Wan, External Communications [email protected]
Logo – https://mma.prnewswire.com/media/1159266/Clarivate_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/omron-selects-ipfolio-from-clarivate-302139322.html

Continue Reading

Artificial Intelligence

First-of-Its-kind Institute of Neurotechnology & Law Launches in the UK

Published

on

first-of-its-kind-institute-of-neurotechnology-&-law-launches-in-the-uk

Most people don’t know that, due to recent groundbreaking scientific advances, existing technology can read thoughts, implant dreams, scan memory, tell if a subject is in love, and hack brains for PIN codes.
LONDON, May 9, 2024 /PRNewswire/ — Announcing the establishment of the Institute of Neurotechnology and Law (INL) – the first organisation of its kind in the world, crafted in response to the swift advancements in neurotechnology and the emerging concerns over human rights and privacy.

The world is about to change. Yet whilst AI steals the headlines, recent extraordinary advancements in neurotechnology have gone largely under the radar.
That is why we have set up the Institute of Neurotechnology and Law.
“We are at a critical juncture in the evolution of neurotechnology. The possibilities for improving human life are immense, yet so are the risks to privacy and autonomy,” stated Founder Harry Lambert. “The Institute of Neurotechnology and Law is dedicated to ensuring these technologies enable human flourishing without compromising our moral and ethical principles.”
The institute has already garnered significant attention, attracting some of the world’s foremost experts in neurotechnology, neuroscience, ethics, and law. These distinguished panellists will collaborate to address the pressing issues at the intersection of technology and human rights, aiming to influence policy both domestically and internationally.
For more information about the Institute of Neurotechnology and Law, upcoming events, and membership details, please visit www.neurotechlaw.com.
Media Contact: [email protected]. 07982678044

View original content:https://www.prnewswire.co.uk/news-releases/first-of-its-kind-institute-of-neurotechnology–law-launches-in-the-uk-302140545.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending