Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Global $13.71 Billion Autonomous Commercial Vehicle Markets, 2016-2021, 2021-2026F, 2031F

Published

on

Dublin, June 16, 2022 (GLOBE NEWSWIRE) — The “Autonomous Commercial Vehicle Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.

The global autonomous commercial vehicle market is expected to grow from $5.17 billion in 2021 to $6.41 billion in 2022 at a compound annual growth rate (CAGR) of 23.9%. The market is expected to grow to $13.71 billion in 2026 at a compound annual growth rate (CAGR) of 20.9%.

Major players in the autonomous commercial vehicle market are Volkswagen, Daimler, Tesla, Denso, Continental, Waymo, BMW AG, Isuzu Motors Limited, General Motors, and AB Volvo.

The autonomous commercial vehicle market consists of sales of autonomous commercial vehicles and their related services. Autonomous commercial vehicles are also known as self-driving or robot vehicles. The autonomous vehicle uses various technologies and software such as artificial intelligence, RADAR sensors, light detection & ranging (LiDAR), and others to navigate, control, and drive the vehicle.

The main types of vehicles in autonomous commercial vehicles are trucks, trailers, buses, and others. The truck is a wheeled vehicle for moving heavy articles. The automation levels involved are driver assistance, partial automation, conditional automation, high automation, full automation. The fuel types involved are conventional, hybrid vehicle, electric vehicles.

Asia Pacific was the largest region in the autonomous commercial vehicle market in 2021. North America was the second largest region in the autonomous commercial vehicle market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The increase in government approvals for testing autonomous trucks on public roads drives the growth of the autonomous commercial vehicles market. The governments of major countries are allowing the testing of autonomous vehicles to promote the use of commercial vehicles for delivery and other purposes.

The California Department of Motor Vehicles (DMV), in April 2019, proposed a regulation that allows companies to deploy or test light-duty autonomous motor trucks or delivery vehicles on the public roads of the state. Under the regulation, the companies can test delivery vehicles that weigh less than 10,001 pounds with an approved permit from DMV.

The government approvals for testing autonomous vehicles on roads encourage the customers to have a glimpse of such vehicles, creating a potential opportunity for sale shortly, thereby driving the demand for autonomous commercial vehicles over the forthcoming years.

Increasing concerns for cybersecurity and data privacy acts as a major challenge for the autonomous commercial vehicles market. According to a report on issues in autonomous vehicle testing and deployment published by Congressional Research Service, the USA’s policy institute in February 2020, with advances in technology, the concerns for data security and protection of the on-board system against intrusion are increasing. The inbuilt automated components in the vehicle generate a large amount of data about the vehicle, vehicle performance, driver behavior, and vehicle precise location.

The protection of autonomous vehicles from hackers is of paramount concern for state and federal governments, service providers, manufacturers, and users. Therefore, with advancements in technology, the concerns for data privacy and security are increased, which in turn, is likely to act as a major restraint for the growth of the autonomous commercial vehicle market.

The major players in the autonomous commercial vehicles market are acquiring technology and robotics companies to develop advanced technologies.

Key Topics Covered:

1. Executive Summary

2. Autonomous Commercial Vehicle Market Characteristics

3. Autonomous Commercial Vehicle Market Trends And Strategies

4. Impact Of COVID-19 On Autonomous Commercial Vehicle

5. Autonomous Commercial Vehicle Market Size And Growth
5.1. Global Autonomous Commercial Vehicle Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Autonomous Commercial Vehicle Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Autonomous Commercial Vehicle Market Segmentation
6.1. Global Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Truck
  • Trailer
  • Bus
  • Other Vehicle Types

6.2. Global Autonomous Commercial Vehicle Market, Segmentation By Automation Level, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Driver Assistance
  • Partial Automation
  • Conditional Automation
  • High Automation
  • Full Automation

6.3. Global Autonomous Commercial Vehicle Market, Segmentation By Fuel Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Conventional
  • Hybrid Vehicle
  • Electric Vehicle

7. Autonomous Commercial Vehicle Market Regional And Country Analysis
7.1. Global Autonomous Commercial Vehicle Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Autonomous Commercial Vehicle Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

8. Asia-Pacific Autonomous Commercial Vehicle Market
8.1. Asia-Pacific Autonomous Commercial Vehicle Market Overview

  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

9. China Autonomous Commercial Vehicle Market
9.1. China Autonomous Commercial Vehicle Market Overview
9.2. China Autonomous Commercial Vehicle Market, Segmentation By Vehicle, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

10. India Autonomous Commercial Vehicle Market

11. Japan Autonomous Commercial Vehicle Market

12. Australia Autonomous Commercial Vehicle Market

13. Indonesia Autonomous Commercial Vehicle Market

14. South Korea Autonomous Commercial Vehicle Market

15. Western Europe Autonomous Commercial Vehicle Market

16. UK Autonomous Commercial Vehicle Market

17. Germany Autonomous Commercial Vehicle Market

18. France Autonomous Commercial Vehicle Market

19. Eastern Europe Autonomous Commercial Vehicle Market

20. Russia Autonomous Commercial Vehicle Market

21. North America Autonomous Commercial Vehicle Market

22. USA Autonomous Commercial Vehicle Market

23. South America Autonomous Commercial Vehicle Market

24. Brazil Autonomous Commercial Vehicle Market

25. Middle East Autonomous Commercial Vehicle Market

26. Africa Autonomous Commercial Vehicle Market

27. Autonomous Commercial Vehicle Market Competitive Landscape And Company Profiles
27.1. Autonomous Commercial Vehicle Market Competitive Landscape
27.2. Autonomous Commercial Vehicle Market Company Profiles

28. Key Mergers And Acquisitions In The Autonomous Commercial Vehicle Market

29. Autonomous Commercial Vehicle Market Future Outlook and Potential Analysis

30. Appendix

Companies Mentioned

  • Volkswagen
  • Daimler
  • Tesla
  • Denso
  • Continental
  • Waymo
  • BMW AG
  • Isuzu Motors Limited
  • General Motors
  • AB Volvo
  • Beiqi Foton Motor
  • Skywell
  • Dongfeng Motor
  • SINOTRUK Group
  • FAW Jiefang
  • China Shaanqi
  • Beiben Trucks
  • SAIC Hongyan
  • JMC
  • Zhengzhou Yutong Bus
  • King Long Bus
  • CRRC Electric Vehicle
  • Xiamen Golden Dragon Bus
  • Anhui Ankai Automobile

For more information about this report visit https://www.researchandmarkets.com/r/ultdf0


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

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

Published

on

ig-canada-announces-enhanced-trading-platform-for-enhanced-user-experience

Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

View original content:https://www.prnewswire.co.uk/news-releases/ig-canada-announces-enhanced-trading-platform-for-enhanced-user-experience-302127189.html

Continue Reading

Artificial Intelligence

Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

Published

on

sentrycs-now-part-of-the-uk-national-protective-security-authority-catalog-of-security-equipment

This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/sentrycs-now-part-of-the-uk-national-protective-security-authority-catalog-of-security-equipment-302126952.html

Continue Reading

Artificial Intelligence

Homestyler to Recruit First Batch of Global Partners in 20 Countries

Published

on

homestyler-to-recruit-first-batch-of-global-partners-in-20-countries

MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.

Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.

View original content:https://www.prnewswire.co.uk/news-releases/homestyler-to-recruit-first-batch-of-global-partners-in-20-countries-302127111.html

Continue Reading

Trending