Artificial Intelligence
Global Advanced Truck Technologies Market is projected to grow at a CAGR of 7.6% By 2032: Visiongain Research Inc
Visiongain has published a new report entitled the Advanced Truck Technologies Market Report 2022-2032. It includes profiles of Advanced Truck Technologies and Forecasts Market Segment by Type, (On-Road, Off-Road) Market Segment by Sales Channel, (Original Equipment Manufacturers, Retrofit, Other Sales Channel) Market Segment by Service (Design & Consulting Service, Integration & Deployment Service, Maintenance & Training Service, After Sales Services, Other Services) Market Segment by Technology, (Advanced Driver Assistance System, Type HP/Speed Settings, Lane Departure, Collision Mitigation, Adaptive Cruise Control, Blind Spot Monitoring) Market Segment by Fuel Type, (Conventional Fuels, Electrification, Hydrogen Fuel Cells, Other Fuel Type) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
The global advanced truck technologies market was valued at US$2,239 million in 2021 and is projected to grow at a CAGR of 7.6% during the forecast period 2022-2032.
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AI and The Internet of Things
IoT allows for even more cost-effective transportation solutions by integrating telematics devices with sophisticated analytics. Through predictive analytics and demand forecasting, these advances provide a roadmap to increased feasibility and productivity. IoT can even recommend improvements, such as more efficient routes, techniques for reducing fuel use, and intelligent driving assistance to improve travel safety and overall performance. Predictive analytics used to demand forecasting resulted in significant income and service level enhancements in a case study conducted by company Transmetrics. TIP Trailer Services is a trailer leasing, renting, maintenance, and repair company that handles a transport fleet of approximately 90,000 units. Because of the natural waxing and waning of freight demand, the company struggled to predict peaks in demand. TIP was frequently left with an excess of idle assets in one area and a scarcity in another, prompting them to refuse customer requests due to unavailability. This was exacerbated by the lack of an online platform to track orders, which gave them an overly broad idea of their order and misled the company about how much money they were losing on customer bookings.
How has COVID-19 had a significant negative impact on the Advanced Truck Technologies Market?
The automotive industry has shown tremendous resilience over the past few months. New car sales in China, Europe, and the US have increased year-over-year over the past few months, after rebounding after experiencing an economic downturn in the spring of 2020. However, despite encouraging reports of vaccine progress, numerous risks remain and we continue to predict that sales in Europe and the United States will not return to pre-COVID-19 levels until as early as 2023. Meanwhile, China’s recovery continues to accelerate, with around 30 million new cars expected to be sold by 2025.
Automakers that build their vehicles on a just-in-time (JIT) basis and rely on uninterrupted supplies of materials and components on a timely basis have felt the impact greatly. When it comes to production, with just one missing part, the production line is shut down, and the catastrophic ramifications of a material or part shortage spread quickly throughout the supply chain. Looking back a year later, this article identifies five major impacts of COVID-19 on the automotive industry.
How this Report Will Benefit you?
Visiongain’s 500-page report provides 350 tables and 355 charts/graphs. Our new study is suitable for anyone requiring commercial, in-depth analyses for the global advanced truck technologies market, along with detailed segment analysis in the market. Our new study will help you evaluate the overall global and regional market for Advanced Truck Technologies. Get the financial analysis of the overall market and different segments including type, service, technology, sales channel and capture higher market share. We believe that high opportunity remains in this fast-growing advanced truck technologies market. See how to use the existing and upcoming opportunities in this market to gain revenue benefits in the near future. Moreover, the report would help you to improve your strategic decision-making, allowing you to frame growth strategies, reinforce the analysis of other market players, and maximise the productivity of the company.
What are the current market drivers?
Big Data Is A Big Deal For Innovation In Trucking
The importance of the link between big data and efficient delivery cannot be overstated. It’s all about logistics: precise location data and real-time data analysis are transforming the supply chain. However, in order to use big data effectively, firms must verify that the data is of high quality, which is not always the case in logistics. Fortunately, Artificial Intelligence algorithms can assist in the cleaning and enrichment of data, resulting in a major improvement in data quality. Companies can also use Big Data and AI to estimate very accurate shipping volume forecasts and optimise proactively, preparing for future performance rather than focusing on past performance. Take, for example, Geodis, the global logistics behemoth. They developed Neptune last year, a platform that allows for real-time transportation activity coordination, reporting and monitoring of key performance indicators, and document archiving. With big data at its core, the platform enables hauliers and customers to manage all of their activities in just a few clicks from a single platform.
The Market Is Being Pushed By Electric Vehicle Adoption
Tesla and its self-driving electric trucks are one thing, but what about Nikola, Einride, or even Daimler and Volkswagen? Each of these businesses is attempting to break into the future truck market. Trucks continue to use cutting-edge technologies to improve safety and efficiency. These advancements include technologies such as lane-assist and assisted braking, which will pave the road for total autonomy. Breakdowns will be less likely and repairs will be less frequent with more modern trucks. Such developments presage a sea change in the sector. Reduced accidents from self-driving and assisted technologies, on the other hand, will save a lot of time, money, and lives.
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Where are the market opportunities?
Emerging Trucking Innovations
The use of platooning, which takes advantage of new physical and technical processes to boost trucking efficiency, is one of the significant developments in ground transportation. Platooning is the practise of using autonomous driving technologies and vehicle-to-vehicle communication to drive vehicles in close physical proximity. Platooning allows vehicles to accelerate, halt, and cruise together, resulting in more structured and predictable traffic patterns. This increases road safety by including braking-assist capabilities and allows businesses to better track their vehicles and resources. In fact, Volvo Trucks executives estimate that platooning might save up to 10% on fuel costs for some fleet clients. Through intervehicle connectivity, telematics in combination with platooning offers trucks with coordinated control and state-of-the-art driver support systems, enhancing energy efficiency and lowering total costs. Congestion reduction and smoother traffic flow, improved lane usage, and reporting for less maintenance and accidents are all additional socio-economic benefits.
Retaining Drivers by Reducing Stress and Keeping Them Safe
Despite the fact that the truck driver population is ageing, new drivers are continually entering the business, and retaining both seasoned and next-generation drivers, as well as lowering turnover, is critical in the face of the driver crisis. According to Stay Metrics, 70% of drivers who leave a carrier do so during the first year of employment, and while income is typically a factor, stress also plays a significant part. Poor route planning, mechanical troubles, harsh weather, and unsafe working situations can leave drivers scrambling to make delivery deadlines, compounding stress and driving some drivers away. Drivers may also be forced to make mid-route adjustments and judgments since the original plan was not fully viable owing to a variety of events beyond their control.
Competitive Landscape
The major players operating in the advanced truck technologies market are Daimler AG, Dongfeng Motor Group, Hino Motors, Ltd, Industrial Vehicles Corporation, or IVECO S.p.A., MAN Truck & Bus SE, Navistar International Corporation, PACCAR Inc, Scania AB, Tata Motors Limited, The Volvo Group, these major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launch.
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Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports mean that you can have a bespoke piece of market intelligence customized to your very own business needs.
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Artificial Intelligence
How AIoT shapes the future of mobility: Hikvision at ITS World Congress 2024
HANGZHOU, China, Sept. 27, 2024 /PRNewswire/ — Hikvision made a significant impact at the ITS World Congress in Dubai with its captivating theme, “Embrace AIoT for safer, smarter, and greener mobility.” Its booth became a hub of innovation, where visitors explored AIoT solutions that are reshaping the transportation landscape, sparking deep conversations on the future of urban mobility.
Road safety revolution: harnessing AIoT for secure transportation
Hikvision’s commitment to road safety was on full display at its booth through the impressive array of AIoT solutions designed to create secure and reliable traffic environments. The company’s technology provides 24/7 traffic monitoring, ensuring continuous oversight of motor vehicles, non-motorized vehicles, pedestrians and environmental factors. This comprehensive, real-time information collection enables traffic managers to prevent accidents and enhance road safety. Among the showcased products was the 20 MP IR ANPR Checkpoint Capture Unit, renowned for its high-definition capture capabilities, bolstering traffic safety measures.
A standout innovation was the integration of advanced radar and camera technologies, ensuring uninterrupted, comprehensive detection even in adverse weather conditions. The Radar-Video Fusion Incident Detection Cameras, featured prominently in the product experience area, enable early detection and warning of potential hazards. They are particularly effective in challenging situations such as curved roads, blind spots at intersections, and obstacles beyond visual range.
Attendees also engaged with onboard monitoring products on the simulated bus, including dome network cameras, which is designed to enhance passenger safety. Driving assistance products, such as the Driver Status Monitor (DSM), were demonstrated to mitigate unsafe driving behaviors and ensure safer journeys.
Urban mobility redefined: smart traffic innovations
In the realm of smarter mobility, Hikvision showcased its multidimensional sensing technology, which integrates visible light sensors, infrared sensors, radar, and sonar. This technology expands perception capabilities, significantly improving traffic management and situational awareness. The use of AI-powered comprehensive sensing elevates incident monitoring and violation detection to unprecedented levels of accuracy and efficiency.
A major attraction was the Radar-Video Fusion TandemVu PTZ Camera, which integrates millimeter-wave radar with high-resolution cameras for extensive traffic detection and data analysis. AI-based algorithms combine these two systems to enhance target information, detecting up to 16 types of incidents. This leads to the development of a large-scale fusion model that merges spatial physical data with image semantic information. The result is ultra-long-range perception, achieving over 95% accuracy in vehicle trajectory detection. This robust system improves traffic violation management and optimizes traffic flow, significantly enhancing road efficiency.
At the simulated bus station, visitors observed how AI-assisted people counting automated the collection of passenger flow statistics at peak stop hours and bus line frequency during busy periods. Paired with smart bus stop digital signage, the solution improves bus service quality, operational efficiency, passenger experience, and overall public transport effectiveness.
Sustainable transportation: leading the charge for greener cities
Hikvision’s commitment to sustainable urban mobility was evident through its innovative green wave technology and eco-friendly checkpoint solutions. Green wave technology efficiently manages traffic flow to reduce congestion and lower carbon emissions, aligning with global sustainability goals. Visitors were particularly impressed by a case study showcasing a green wave solution implemented in Zhoushan, China. Over a stretch of 21 kilometers and 34 intersections, this main road cut travel times by 50%.
The use of DarkFighterX technology in checkpoint cameras also received significant attention. This technology senses both visible and invisible light, resulting in more accurate and realistic images. It enhances traffic violation enforcement efficiency while minimizing the need for high ambient light levels, thus reducing light pollution. The 9M DarkfightX ANPR Checkpoint Camera exemplified this dedication to environmental stewardship.
Frank Zhang, President of Hikvision MEA, remarked, “Hikvision supports sustainable urban planning by empowering traffic departments to address congestion and transportation challenges.” He further emphasized, “Our system’s openness fosters a secure and reliable platform for developing smart and green cities. Additionally, our solar technology is extensively utilized in remote areas, while our smart street lighting solutions reduce energy consumption by 20-30%, promoting intelligent urban transportation and advancing global sustainability objectives.”
Hikvision’s presence at the ITS World Congress in Dubai underscored its leadership in integrating AIoT technologies to drive safer, smarter, and greener mobility solutions. The engaging presentations and advanced product demonstrations captured significant attention from industry partners and customers, reaffirming the company’s role as a pioneer in shaping the future of urban transportation. As the world moves towards more intelligent and sustainable transportation systems, Hikvision remains at the forefront, embracing AIoT to create a safer, smarter, and greener future for all.
To find out more about Hikvision’s advanced traffic and public transport solutions, please explore the Hikvision official website.
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Artificial Intelligence
Anti-Drone Market worth $7.05 billion by 2029 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 27, 2024 /PRNewswire/ — The global anti-drone market was valued at USD 2.16 billion in 2024 and is projected to reach USD 7.05 billion by 2029; it is expected to register a CAGR of 26.7% during the forecast period according to a new report by MarketsandMarkets™. Increasing government spending on counter-drone technologies, rising incidence of critical infrastructure security breaches by unauthorized drones, and surge in adoption of aerial remote sensing technologies to safeguard critical infrastructure are attributed to the demand for anti-drone.
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Browse in-depth TOC on “Anti-Drone Market” 178 – Tables61 – Figures253 – Pages
Anti-Drone Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 2.16 billion
Estimated Value by 2029
$ 7.05 billion
Growth Rate
Poised to grow at a CAGR of 26.7%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By System Type, Application, Platform type, Vertical, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Vulnerability to hacking
Key Market Opportunities
Emphasis on improving unmanned aircraft systems technology
Key Market Drivers
Growing number of illicit activities
By System Type: Hybrid systems to account for the larger market share in the forecasted year.
The hybrid segment accounted for the largest share of the anti-drone market in 2029. The trends of integrating multiple anti-drone technologies are rising since they are most effective in detecting, tracking, and neutralizing drone threats. These systems merge electronic, kinetic, and lasers, providing a comprehensive defense solution against UAVs. Hybrid systems use electronic, kinetic, and laser-based countermeasures to offer optimum protection against drones. These systems are designed to detect, track, identify, categorize, and mitigate drones at operational wide ranges ranging from a few km up to tens of km.
By Platform: The ground-based segment accounted for the largest market share in the forecast year.
The ground-based segment will hold a major share of the anti-drone market in 2029. Many ground-based anti-drone systems use several electronic technologies, such as radar, IR sensors, acoustic systems, and RF & GNSS jammers. MESA radar solutions are used mostly for counter-UAS purposes, protecting critical infrastructure, military camps, and other security-sensitive sites from unauthorized drones. One such solution is EchoGuard, a ground-based airspace management solution that contains a software-defined 3D radar that can be specific to the site. This system can identify single or multiple off-chance drones, including swarms in unauthorized areas. They provide accurate and sustained airspace surveillance for the field of view (FOV) they are configured, and both human and AI-monitored visual checks. The system can be easily transported and integrated directly with the command-and-control centers or another identification sensor for portable use, and multiple units of the system can be combined to cover vast areas or lengths of borders. Major providers of ground-based counter-drone systems include companies like EchoDyne Corporation, DeTect, Meteksan Defense, and WhiteFox Defense. Acoustics-based Discovair G2 utilizes patented microphone arrays. With 128 interconnected microphone elements, the Discovair sensor units can establish azimuth and elevation to the target in real-time using advanced digital signal processing.
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By Region: Americas are expected to hold the largest share of the anti-drone market during the forecast period.
Americas is expected to capture the largest share in the anti-drone industry during the forecast period. The growth can be attributed to protecting crucial infrastructure in the region. Governments, particularly in the US, invest in anti-drone systems for military bases, borders, and critical infrastructure. For Instance, in April 2023, RTX secured a USD 237 million contract from the US Army to provide Ku-band Radio Frequency Sensors (KuRFS) and Coyote effectors. These systems are designed to detect and neutralize unmanned aircraft systems (UAS). The contract includes stationary and mobile systems and a specified quantity of effectors, all aimed at enhancing the Army’s operations within the US Central Command region.
Key Players-
The key companies offering anti-drone companies include RTX (US), Lockheed Martin Corporation (US), Leonardo S.p.A. (Italy), Thales (France), and IAI (Israel).
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About MarketsandMarkets™
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
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Artificial Intelligence
CluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review
CluePoints furthers its commitment to delivering innovative solutions that enhance clinical trial efficiency with this latest addition to its enterprise software platform.
KING OF PRUSSIA, Pa., Sept. 27, 2024 /PRNewswire/ — CluePoints continues to transform clinical trial review and leverage its industry-leading software to enhance the interrogation, analysis and presentation of data with the launch of its latest application, Medical & Safety Review (MSR).
The tool simplifies and streamlines the medical analysis of study data through user-friendly dashboards, data manipulation and cleaning, query management and full transparency over the data history. This not only improves efficiency and communication in medical oversight, but also elevates patient safety, differentiating MSR as a smarter and unique solution.
Designed by, and for Medical and Safety Reviewers, MSR converts the manual analysis of patient outcomes, which can be prone to inefficiency and error, into an accurate, efficient process. MSR tackles time-consuming study preparation for specific visualizations by featuring a comprehensive standard visualization library as well as the ability to copy and reuse dashboards across different studies, enabling the identification of outlying values, change tracking, and improved communication for smarter clinical trials.
Other benefits of MSR include:
Enhanced medical review efficiency and reduced human errors via automated checksReduced time spent by clinical and data management teams in reviewing dataImproved collaboration with integrated review workflows across departmentsEnsured record quality and accountability with comprehensive change trackingDriving faster decision making with the proactive detection of trends and safety issuesEnsuring regulatory compliance with rule-based detection and user assignmentsAndy Cooper, Chief Executive Officer at CluePoints, commented, “We are thrilled to announce the launch of Medical & Safety Review to our growing product offerings. MSR is the latest application addition to the CluePoints platform, which includes products such as Risk-Based Quality Management (RBQM) and our Site Profile & Oversight Tool (SPOT). Together, they provide a comprehensive approach to clinical trial optimization, enhancing data integrity, ensuring regulatory compliance, and accelerating drug development. The creation of MSR ensures a more streamlined review process while prioritizing patient safety at every step and empowers medical teams to swiftly identify outliers, track data changes, and improve communication.”
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of Artificial Intelligence using Advanced Statistics and Machine Learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
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