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Automotive Predictive Technology Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)

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New York, Dec. 01, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Automotive Predictive Technology Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” – https://www.reportlinker.com/p06187427/?utm_source=GNW

The outbreak of COVID-19 has shown a negative impact on the automotive predictive technology market. Several vehicle and component manufacturing facilities across the globe were temporarily shut down, resulting in disturbances in supply chain. However, by the end of Q1 2021, the global automotive industry started recovering slightly, as governments across the globe have announced relaxations in lockdown measures.

While new vehicle sales across the globe started to increase slightly, the disruption in supply chain has created a huge chip shortage, due to which several vehicle manufacturers have delayed the launch of new vehicles. However, by the end of 2021, with increasing trend for technologically advanced features in the vehicles, such as artificial intelligence and machine learning to enhance safety features like ADAS and predictive maintenance to reduce vehicle downtime and increase vehicle performance cost-effectively are driving the market growth.

Asia-Pacific is expected to dominate the automotive camera market, owing to the increasing demand for luxury vehicles across India, China, Japan. The increasing installation of advanced driver-assistance systems (ADAS) is estimated to boost the demand for automotive cameras in the coming years across the region.

Key Market Trends

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ADAS Segment Likley to Dominate the Market During the Forecast Period

In recent years, the automobile industry motivated its research and development work for improving the ADAS systems. This led to further improvements in the advanced driving assistance systems, with a surge in demand for night-time pedestrian detection systems, lane departure warning systems, cameras, RADAR, and other sensors, which are being deployed into vehicles at considerable pace. This is expected to drive the market studied.

Moreover, companies like Audi, BMW, Daimler, and Volvo are few of many OEMs started offering night-time pedestrian detection systems. It alerts the driver or automatically brakes if there is a pedestrian in the path between a certain speed range.

Several major service providers are spending heavily in research and development of the latest ADAS technologies for vehicles to gain the market share. Not only the major companies several startups are coming up with the latest innovative ideas and technologies, which are funded by these major players. For instance,

In July 2020, Mobileye, Intel’s driverless vehicle R&D division, announced that the German certification body, TÜV Süd, awarded it a recommendation for a permit to drive its autonomous vehicles on public roads in Germany, including urban and rural areas as well as the Autobahn, at up to 130 kilometers (~80 miles) per hour in real-world traffic.

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Owing to such developments, ADAS segment of the market expected to dominate market during the forecast period.

Asia-Pacific Region Expected to Grow Significantly

Asia-Pacific is expected to be the fastest-growing market during the forecast period. Vehicle hybridization and electrification, increasing production of electric vehicles, are primary factors driving the demand in the market. Countries like India, China, Japan is picking up pace as predictive technology implementation in passenger cars is taking place gradually, as such cars or commercial vehicle equipped with such technology are in a bit higher price segment and some other reasons include poor infrastructure and regulations.

Automobile manufacturers in the Asia-pacific region are also investing in predictive technology and launching new products equipped with features based on predictive technology. For instance,

In April 2021, Toyota Motor Corp. unveiled in Japan new versions of the Lexus LS and Toyota Mirai, both equipped with Advanced Drive features a Level 2 autonomous system that helps keep the car in its lane, maintains the distance from other vehicles, and assists with lane changes and advanced-driver assistance and Toyota has also announced the purchase of Lyft’s autonomous car division for USD 550 million.
In July 2021, the Indian start up Minus Zero has developed an autonomous system, which is based on AI and machine learning designed in such a way to work in India traffic condition.

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Such factors are creating huge opportunities for predictive technology across Asia-Pacific further the demand for such technology is going to rise in near future.

Competitive Landscape

The Automotive Predictive Technology market is fragmented, with several players vying for significant amounts of shares in the market. Some of the prominent companies in the automotive predictive technology market are Continental AG, ZF Friedrichshafen AG, Robert Bosch, Aptiv PLC, Valeo SA, and Others. These companies are focusing on strategic collaborative initiatives to expand their market shares and profitability. For instance,

In November 2021, Valeo launched WoodScape, the first ever surround?view fisheye camera 360 degrees open-source dataset, with the aim of taking research in computer vision to develop automated driving and parking. Valeo produces fisheye cameras enabling 360° perception, key for automated driving.
In June 2020, Bosch announced the launch of new MEMS sensor the SMI230 that enables trouble-free navigation and helps realistic visualization of vehicle movements, detecting vibrations impacts against a car, trigger alarm systems for enhanced safety.
In January 2019, Visteon Corporation a leading automotive cockpit technology company, is enhancing its Drive Core Studio™ autonomous driving development environment through software from Microsoft Corp. that maximizes the power and scalability of the Cloud. This Cloud-based development environment, enables automakers and partners to create and support an ecosystem of algorithm developers, unlocking innovation potential through an open framework for developing algorithms using sensor-based artificial intelligence (AI).

Additional Benefits:

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The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06187427/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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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

GIGABYTE Partners with NVIDIA on RTX AI PCs Supporting ACE NIM and Digital Human Technology

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TAIPEI, June 2, 2024 /PRNewswire/ — GIGABYTE, the world’s leading computer brand, is showcasing its prowess in artificial intelligence by partnering with NVIDIA to launch high-end RTX AI PCs. In his keynote at COMPUTEX 2024, NVIDIA CEO Jensen Huang highlighted the dawn of a new computing era driven by generative AI, digital twins, and personal computers evolving into AI factories with digital humans providing professional solutions. Jensen emphasized the challenges of computational inflation, the efficiency of NVIDIA CUDA in accelerating specialized processors, and AI’s potential as a $100 trillion industry.

GIGABYTE has collaborated closely with NVIDIA to deploy a full range of RTX AI PCs, reinforcing its leadership in the AI PC market. Every GIGABYTE AI laptop is equipped with NVIDIA® GeForce RTX™ 40 Series Laptop GPUs, supporting advanced features such as ACE NIM, Ray Tracing, Deep Learning Super Sampling (DLSS), and powerful Tensor Cores. These technologies deliver realistic visuals and exceptional AI learning capabilities, aligning with the model-based approaches mentioned by Jensen.
Furthermore, GIGABYTE products support NVIDIA ACE digital human technology, enabling digital humans to perform natural language interactions and facial expressions. These digital humans can be used as brand ambassadors, AI customer service agents, and digital healthcare workers, enhancing personalized and efficient services. GIGABYTE’s AI laptops excel in high-intensity graphic processing and various AI applications, catering to gamers and creators alike, indicating GIGABYTE is at the forefront of the AI revolution, driving the new era of generative AI applications.
Eddie Lin, CEO of GIGABYTE, stated, “AI PCs are transitioning from cloud-based solutions to edge computing and are set to move from niche markets to mainstream adoption in the upcoming years. We have been working closely with top chip leaders to build a robust AI ecosystem with superior hardware and learning environments.” As generative AI applications spread across edge, cloud, and hybrid modes, they will become core technologies in the PC domain. GIGABYTE’s long-term collaboration with NVIDIA and exclusive AI Nexus technology ensure excellent user experiences. Besides, over 40% of GIGABYTE laptops feature dedicated Copilot keys, allowing users to fully enjoy the benefits and convenience of AI.
GIGABYTE also announced the launch of new AI solutions on the eve of COMPUTEX, highlighting its innovative designs and comprehensive strategic blueprint in AI. For more information about GIGABYTE’s AI innovations in COMPUTEX, visit https://bit.ly/GIGABYTE_2024_COMPUTEX
Photo – https://mma.prnewswire.com/media/2427794/RTX_AI_PC_____ACE_NIM.jpg

View original content:https://www.prnewswire.co.uk/news-releases/gigabyte-partners-with-nvidia-on-rtx-ai-pcs-supporting-ace-nim-and-digital-human-technology-302161282.html

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Artificial Intelligence

Direct Sourcing leaders offer free interactive experience of AI-powered hiring tool

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TalentNet’s newest experience allows users to test drive TalentNavigator, the latest feature addition in their Direct Source platform
TORONTO, June 2, 2024 /PRNewswire/ — As the originators of Direct Sourcing, TalentNet is continuing to break boundaries in the talent acquisition industry by offering a 7-day free virtual interactive experience that highlights its AI-powered TalentNavigator platform.

This tool, which is now able to automate key tasks while creating shortlists in minutes, allows Curators to streamline the hiring process.
Streamlining the talent acquisition processFunctioning as a sophisticated AI Generative virtual partner, TalentNavigator leverages industry-leading generative AI technology to intelligently analyze and interpret each client’s talent pool, delivering real-time insights and comprehensive answers to complex curation queries. Users will be able to explore TalentNet’s Direct Sourcing platform as well.
“TalentNavigator represents a key shift in the market as hiring executives begin to understand the importance of optimizing the talent acquisition process through cutting-edge AI technology,” said Justin Lumby, TalentNet’s Chief Operating Officer. “Our 7-day experience is a unique offering that empowers companies to test out our revolutionary Direct Sourcing tool on their own time. Through this experience, they gain direct insight not only into Direct Sourcing but also harnessing the full potential of AI.”
Empowering companies to optimize their workflowThe platform includes job search capabilities, allowing Curators to quickly find job openings for candidates based on customized criteria. TalentNet’s newest updates enable the tool to streamline manual tasks, allowing companies to spend more time connecting with candidates and engaging with top talent.
In the future, TalentNavigator will let users update statuses, accept offers, send messages, share candidates, schedule actions, view history, and manage talent pools.
Ensuring continued data protectionTalentNet ensures client data security with SOC 2 Type II and ISO 27001/27017 certifications. TalentNavigator encrypts all data and doesn’t store personal information. Curators maintain full control, approving all outputs.
To be part of TalentNet’s 7-day free virtual interactive experience, simply sign up at the TalentNet website by completing a form and wait to be contacted by a TalentNet rep.
About TalentNet: In 2013, TalentNet revolutionized sourcing with its Direct Sourcing platform. Today, Direct Sourcing is a rapidly growing trend in talent acquisition globally. As pioneers in this technology, we empower top brands to streamline hiring, simplify supply chains, and cut costs for a seamless candidate experience. For more information, visit https://talentnet.com/.
Video – https://www.youtube.com/watch?v=Yr0D58iBwrU

View original content:https://www.prnewswire.co.uk/news-releases/direct-sourcing-leaders-offer-free-interactive-experience-of-ai-powered-hiring-tool-302161270.html

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Federal Government Authorizes Institute of Information Management to Certify Data Protection Professionals in Nigeria

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LAGOS, Nigeria, June 2, 2024 /PRNewswire/ — The Federal Government through the Nigeria Data Protection Commission (NDPC) has granted a licence to the Institute of Information Management (IIM) to conduct examinations and certify data protection professionals for global competitiveness.

The National Commissioner of NDPC, Dr. Vincent Olatunji, who said this on Monday while presenting licence to IIM in Abuja, said granting of the licence was part of the commission’s measures to implement Executive Order 003 and 005.
Olatunji added that certifying data protection professionals in the country would reduce capital flight, create over 500,000 jobs in the sector, and encourage more people to be certified.
Promoting local content
While a few Nigerians with expertise in data protection had their training and certification abroad, Olatunji said having an institute to train and certify Nigerians locally would boost local content in the sector.
“We are trying to ensure the implementation of Executive Orders 003 and 005 to promote local content in Nigeria. Most of us who are certified data protection officers have international certifications; we paid some dollars to write exams as well as maintain the certificates. We are trying to domesticate this in Nigeria by having a national certification process” Olatunji said.
The NDPC National Commissioner said that with the size of Nigeria’s  population, the country  needs  over 500,000 certified data protection officers. And if prospective candidates are to pay for the certifying examination in dollars, it will lead to capital flight.
Expansion to Africa
Olatunji also said that the commission is considering adopting the licensing across Africa. According to him, the Commission is working towards having a pan-African initiative, whereby data professionals have the national certification that is being offered in Nigeria and can also practice in any part of Africa.
“It is a way of creating jobs for our people, reducing capital flight, and developing global human capital in the data protection ecosystem” Olatunji said. He explained the Commission have also gone further to develop the training model which is unique to the organization  and will be used by  trainers in Nigeria.
He added that the licensing would also create jobs for already licensed Data Protection Compliance Organisations (DPCOs), who would be accredited to train prospective professionals to sit for data protection examinations. According to him, the national data protection certification will be a historic legacy that will transcend administrations and meet global standards.
Speaking on the licence, the President of the Institute of Information Management, Dr. Oyedokun Oyewole, recalled that the certification process commenced in 2021.
He said the licence would bridge the gap in the data protection ecosystem. Oyewole assured Nigerians of the institute’s commitment to be the best in the education system of data protection in the country.
Contact
Celestine AchiCell: +234-08099997175Email: [email protected]
Photo – https://mma.prnewswire.com/media/2427759/IIM.jpg

View original content:https://www.prnewswire.co.uk/news-releases/federal-government-authorizes-institute-of-information-management-to-certify-data-protection-professionals-in-nigeria-302161242.html

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