Artificial Intelligence
Michelin: Nine-month sales rose by 20.5% to €20.7 billion. In a highly inflationary environment, 2022 full-year guidance is confirmed for operating income and adjusted for structural free cash flow.
Clermont-Ferrand, October 25, 2022 – 17h45
COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN
Financial information for the nine months ended September 30, 2022
Nine-month sales rose by 20.5% to €20.7 billion.
In a highly inflationary environment, 2022 full-year guidance is confirmed for operating income and adjusted for structural free cash flow.
In a market environment shaped by continuing operational disruptions, widespread inflation and limited visibility as to future demand, Michelin delivered growth in sales and is steering operations to ensure adequate inventory levels.
Nine-month markets remained on an upward trend:
- End-user demand (sell-out) held firm in most regions and markets.
- As regards sell-in demand, Passenger Car & Light Truck tire markets grew by 1.4%, lifted by a third-quarter recovery in Original Equipment (OE) demand, mainly in North America and China; Replacement (RT) markets remained stable, with a mix temporarily impacted by rising imports from Asia.
- Truck tire markets -excluding China– expanded by 6.0% with an acceleration in the third quarter.
- Specialty tire markets remained robust in all segments except Agricultural and Construction in the third quarter; demand remains strong in Mining.
Consolidated sales for the nine months ended September 30, 2022 came in at €20.7 billion, up 20.5% year-on-year, including a 6.5% positive currency effect:
- A 13.4% gain from price increases, reflecting the Group’s policy of systematically passing on cost inflation factors and the growing impact of price indexation clauses.
- A 0.9% increase from the mix effect reflecting growth in the Passenger Car 18-inch and larger segment and in Mining, partially offset by an adverse OE/RT mix effect in the Automotive business.
- A 2.4% decline in volumes, mostly due to the exit from Russia and lockdowns in Chinese cities, amid persistent operational disruptions.
- A 1.0% gain from changes in scope, mainly reflecting the consolidation of Allopneus.com.
- Non-tire sales grew by 22% accounting for 1.1% of consolidated sales growth, demonstrating the validity of the ongoing Michelin in Motion Group strategy.
Full-year guidance
Market projections for Passenger Car and Light Truck tire markets are expected to end the year between +2% and -2%, Truck tire markets (excluding China) to expand by between 2% and 6%, and Specialty tire markets to grow by between 3% and 7%.
Within this scenario, full-year guidance is confirmed for segment operating income above €3.2 billion at constant exchange rates, and adjusted to €0.7 billion for structural free cash flow1.
| Nine-month ended September 30, 2022 sales |
| Sales (in € millions) |
Nine months 2022 |
Nine months 2021 |
% change (at current exchange rates) |
| RS1 – Automotive* | 10,238 | 8,603 | +19.0% |
| RS2 – Road Transportation* | 5,403 | 4,503 | +20.0% |
| RS3 – Specialty businesses* | 5,091 | 4,098 | +24.2% |
| GROUP | 20,732 | 17,204 | +20.5% |
*And related distribution.
Tire Market Review
Passenger Car and Light Truck
| Nine months 2022/2021 (in number of tires) |
Western & Central Europe* |
North & Central America |
China | Global market |
|
Original Equipment Replacement |
+1% +5% |
+11% -2% |
+9% -12% |
+7% +0% |
| Third quarter 2022/2021 (in number of tires) |
Western & Central Europe* |
North & Central America |
China | Global market |
|
Original Equipment Replacement |
+26% -1% |
+25% -7% |
+29% -3% |
+26% -1% |
*including Turkey.
The number of Original Equipment and Replacement Passenger Car and Light Truck tires sold worldwide rose by a slight 1% year-on-year in the first nine months of 2022, reflecting stable demand in the Replacement segment (+0%) and a 7% gain in Original Equipment.
Original Equipment
Worldwide OE demand, which was down 2% year-on-year in the first half, turned upwards in the third quarter (+26%), led by very favorable prior-year comparatives and by improvements in the semiconductor and other supply chains. However, the latter remained under severe pressure, however, and global demand ended the period 2% lower than in third-quarter 2019.
After contracting by around 8% year-on-year in the first half, primarily due to the disruptions in automaker supply chains caused by the conflict in Eastern Europe, demand in Europe climbed 26% in the third quarter, but nevertheless remained 19% below third-quarter 2019 levels.
In China, the resurgence of Covid-19 in April and May caused demand to hit new lows before rebounding sharply in June as health restrictions were lifted. Demand remained robust in the third quarter, with a 29% gain led by government new car incentives and fast-growing EV sales helping to push the market up 19% on third-quarter 2019.
After delivering 5% growth in the first half, the North and Central American market ended the first nine months up 11%, at a time of persistently low new vehicle inventory. In the third quarter alone, demand was down 7% on the 2019 period.
Over the first nine months of 2022, demand from Asian carmakers outside China was up 4% year-on-year but down 15% on the 2019 period.
Replacement
Global demand for Replacement Passenger Car and Light Truck tires was stable year-on-year in the first nine months, following a slight 1% decline in the third quarter. The overall stability reflected situations that varied by region.
The European market ended the period up 5%, as a 7% increase in the first half was dampened by a 1% slippage in the third quarter. After two positive summer months (+2%) the demand was 7% down in september on unfavorable comparison bases due to price increases implemented on October 1st, 2021.
In China, nine-month demand was 12% below 2021 levels. After dropping 16% in the first half due to mobility restrictions in the wake of the spring lockdowns, demand is gradually recovering with a 3% contraction in the third quarter, despite the adverse impact of resurgent Covid-19 and local lockdowns.
The North and Central American market slipped 2% over the first nine months. Demand slowed 7% in the third quarter after gaining a slight 1% in the first half. At the same time, the sell-in market mix has been temporarily impacted by rising Asian import volumes as global supply chain constrictions eased.
The other Regions enjoyed sustained growth in demand, with increases of 10% in Asia excluding China (of which 17% in the third quarter) and of 5% in South America (of which 6% in the third quarter).
Truck tires & Bus (radial and bias)
| Nine months 2022/2021 (in number of tires) |
Western & Central Europe* |
North & Central America |
South America | Global market |
|
Original Equipment Replacement |
+5% +9% |
+10% +12% |
+13% +4% |
-21% -0% |
| Third quarter 2022/2021 (in number of tires) |
Western & Central Europe* |
North & Central America |
South America | Global market |
|
Original Equipment Replacement |
+14% -3% |
+12% +15% |
+15% -3% |
+3% +4% |
*including Turkey
The global Truck tire market ended the first nine months of 2022 down 5%, as a 4% increase in the third quarter helped to offset the 9% decline in the first half.
Excluding China, where the Group is not significantly present, the global market expanded by 6% over the period.
Original Equipment
The worldwide OE market declined by 21% overall in the first nine months but was up 10% excluding China.
Markets in Europe (up 5% year-to-date and 14% in the third quarter), North and Central America (up 10% year-to-date and 12% in the third quarter) and South America (up 13% year-to-date and 15% in the third quarter) remain on a robust upward trend. Demand is being driven by fleet upgrades prompted by new environmental standards and driver shortages, which are keeping truck-maker order books full through to 2023.
Replacement
The global Replacement Truck tire market was unchanged year-on-year over the first nine months, held back by the 19% contraction in China. Excluding China, the market ended the period up 5%.
Despite a slightly weaker third quarter, the European market rose by 9% year-on-year in the first nine months, buoyed by still strong freight demand.
In North and Central America, demand climbed 12% year-on-year in the nine-month period, with a 15% gain in the third quarter off more favorable prior-year comparatives.
Despite a slowdown (-3%) in the third quarter, demand in South America ended the first nine months up 4%.
Growth was also sustained in Asia excluding China, at 11% year-to-date and 18% in the third quarter.
Specialty tires
- Mining tires: with supply chains showing a significant improvement in the third quarter, demand for ore remains strong, and still low mining company tire inventory is helping to lift the market.
- Agricultural and Construction tires: replacement markets, which were buoyant in the first half, started to slow down in the third quarter, while OE demand was boosted over the quarter by the improved availability of components and parts. Material handling tire demand is still on the rise.
- Two-wheel tires: demand grew compared with the year-earlier period but remains adversely impacted by rising dealer inventories as sell-out slows and inflation erodes consumer purchasing power, particularly in the Leisure segment.
- Aircraft tires: demand rose off favorable prior-year comparatives, particularly in the commercial aviation segment, which rebounded sharply at the beginning of the year. The recovery remains fragile, however, due to geopolitical instability and the health situation in China. The General Aviation market is continuing to expand, in line with 2021 trends.
- Conveyor belts: the market remains robust in every region, both in the mining segment, driven by strong demand for commodities, and in the manufacturing segment, supported by high capital spending.
- Specialty Polymers: demand is continuing to grow in the leading markets, such as industry, aerospace, energy and medical applications.
| Michelin sales |
Change – nine months 2022 / nine months 2021
| (in € millions) | Nine months 2022 | |
| Sales | 20,732 | |
| Total change | +3,528 | +20.5% |
| Tire volumes* | -408 | -2.4% |
| Tire price-mix | +2,459 | +14.3% |
| Non-tire businesses | +185 | +1.1% |
| Currency effect | +1,116 | +6.5% |
| Changes in scope of consolidation | +176 | +1.0% |
*in tons
Sales for the first nine months of 2022 totaled €20,732 million, an increase of 20.5% from prior year that was attributable to the net impact of the following factors:
- A 2.4% or €408 million decrease from the decline in volumes stemming from the shutdown of Group operations in Russia since March and weak demand in China, particularly during the country’s widespread lockdowns in the second quarter. Excluding these exogenous factors, volumes held firm year-on-year, reflecting the Group’s priority focus on defending unit margins in a context of a sell-in market temporarily impacted in Q3 by rising Asian imports and high inventories in distribution.
- A 14.3% or €2,459 million increase from the price-mix effect, combining the impacts of:
- a 13.4% gain from price increases, reflecting (i) the Group’s policy of systematically passing on higher costs in its selling prices and (ii) the application of price indexation clauses effective July 1st.
- a 0.9% increase from the mix effect, reflecting the sustained growth in the proportion of 18-inch and larger tires in Automotive segment sales and the expected strong momentum in Mining tire sales. These favorable factors were partially offset by the unfavorable shift in the OE/RT business mix in the Automotive and Road Transportation segments.
- A 22% growth in Non-tire sales led by robust gains in Fenner and fleet management businesses, contributing by +1.1% to Group’s revenue growth.
- A €1,116 million or 6.5% increase from the favorable currency effect, primarily stemming from the US dollar’s rise against the euro.
- A 1.0% increase from changes in the scope of consolidation, mainly the inclusion of Allopneus.com since December 30, 2021.
Sales by reporting segment
Automotive2
Sales in the Automotive segment rose by 19.0% to €10,238 million in the nine months ended September 30, 2022.
In markets up 1%, Group volumes contracted by 4% over the period, reflecting both the segment’s significant exposure to Russia and China and high volatility in the sell-in market mix during the third quarter, particularly in North America and, to a lesser extent, in Europe3.
Segment sales were also lifted by a very favorable price effect, reflecting both (i) the price increases introduced in Replacement markets in the first half to offset higher costs and (ii) the application of indexation clauses on July 1 in OE.
The mix was supported by the sustained growth in the percentage of 18-inch and larger tires in the sales stream and by a favorable geographic mix. These favorable factors were mitigated by the relatively faster growth in OE sales.
Segment sales were also positively impacted by the consolidation of Allopneus.com operations, as well as by exchange rate movements.
Road Transportation2
Nine-month sales in the Road Transportation segment amounted to €5,403 million, a year-on-year increase of 20.0%.
In markets outside China, which rose by 6%, Group volumes were virtually stable, with a 0.5% decline reflecting (i) high volatility in the sell-in market mix, particularly in the third quarter3 and (ii) the ongoing deployment of the Group’s strategic focus on the division’s highest value market segments.
Sales were buoyed by a favorable price effect which, as in the other segments, stemmed from price increases introduced to offset higher costs and the application of indexation clauses on July 1 in OE.
The mix, however, was hurt by the strong relative outperformance of OE sales compared with Replacement sales.
Specialty businesses2
Sales in the Specialty business segment rose by 24.2% year-on-year to €5,091 million in the first nine months of 2022.
Segment volumes edged back by 1.2% over the period but rose year-on-year in the third quarter, driven by the expected rebound in Mining tire shipments.
The segment also enjoyed a very positive price effect, reflecting the price adjustments on July 1 in application of indexation clauses, whose adjustment periods are longer on average than in the Group’s other B2B businesses.
- Beyond road tires: Sales continued to benefit from the price increases passed on in the first half, despite persistent disruption in the supply chain.
- Mining tires: In still expanding markets, sales volumes were in line with expectations in the third quarter and sales revenue was lifted by the indexed price adjustments introduced on July 1.
- Two-wheel tires: Sales are still being driven by a highly favorable price-mix in a market where demand remains high, but growth is slowing.
- Aircraft tires: Sales remain buoyant as demand continues to recover, particularly in the General Aviation segment.
- Fenner: The conveyor belt, precision polymers and engineered seals businesses are experiencing steady growth. Segment sales were also favorably impacted by price evolutions.
| Non-financial performance |
Michelin is included in the leading socially responsible investment (SRI) indices. The Group, whose environmental, social and governance performance has been assessed since 2003 by the main non-financial rating agencies, is today widely recognized for its engagement and outcomes.
|
Rating |
Sustainalytics |
MSCI | CDP | EcoVadis | ISS ESG | Vigeo Eiris Moody’s |
|
| Score* 2022 |
Low risk | AAA | A Climate change |
B Water security |
75/100 Platinum |
B- | 73/100 |
*Full details concerning the position and distribution of these scores are available at www.michelin.com/en
Ratings assigned during the period:
– August 2022 – [ECOVADIS]: EcoVadis has renewed Michelin’s Platinum rating, the highest distinction attributed to companies scoring in the top 1% in overall sustainability performance.
| Highlights |
July 14, 2022 – [Beyond Tires] – Fenner Conveyors acquires all outstanding shares of Conveyor Products & Solutions (CPS), a global, Australian-based leader in innovative design, engineering and manufacturing of high-quality conveyor rollers, idlers and pulleys. The acquisition has strengthened Fenner Conveyors’ access to global markets and expanded its services portfolio.
August/October 2022 – [Beyond Tires] – The MICHELIN Guide is enhanced with new curated selections making their debut in Tainan and Kaohsiung (Taiwan), Toronto (Canada) and Istanbul (Turkey).
September 12, 2022 – [Group] – Capital reduction: following the cancellation of 4,326,536 treasury shares, representing 0.61% of total shares outstanding, the Company’s issued share capital consists of 709,795,312 shares. The cancellation was in line with the Group’s commitment to offsetting dilution from new shares issued or vesting under employee share ownership plans and performance share plans.
September 14 to 29, 2022 – [Group] – Strong take-up for the new “BIB’Action 2022” employee share ownership plan. Open to more than 120,000 employees in 47 countries, the new plan, which offers more attractive terms, illustrates Michelin’s determination to have its employees collectively rank among its main shareholders. With half of all employees participating in the plan, including 30% who became new shareholders, take-up was high, demonstrating the confidence and commitment of Group employees.
October 5, 2022 – [Tires] – In a world first, Michelin unveils two new tires, one for cars and the other for buses, approved for road use and containing 45% and 58% sustainable materials respectively. The Group has once again demonstrated its technological leadership in materials and intends to bring the innovation to market by 2025.
October 5, 2022 – [Group] – Michelin presents the changes in tire markets and the transformation of its facilities at the 2022 Media Day event. Michelin also reviewed both the major transformations underway in its production facilities to respond to emerging environmental, technological and human challenges and its core objectives for the years ahead: reaching net zero carbon emissions by 2050 while striving to cut these emissions in half between 2010 and 2030; catalyzing business performance with digitalization, leveraging artificial intelligence and increasing employee empowerment.
October 6, 2022 – [Beyond Tires] – Symbio, the Group’s hydrogen joint-venture with Faurecia, announces the start-up of its Innoplate joint-venture with Schaeffler, which will produce fuel cell bipolar plates to support global mobility and energy solutions. Located in Haguenau, in France’s Alsace region, the Innoplate plant will begin production in early 2024.
October 6, 2022 – [Beyond Tires] – Symbio, the Group’s hydrogen joint-venture with Faurecia, unveils the global scale of its game-changing HyMotive project, which is accelerating its roadmap towards leadership in the global fuel cell market. HyMotive has been selected as a Hy2Tech hydrogen IPCEI (Important Project of Common European Interest), with the support of the France Relance/France 2030 program. It will enable Symbio to fast-forward its process engineering and disruptive innovation capabilities, while increasing total production capacity in France to 100,000 systems a year by 2028 and creating 1,000 jobs. The Saint-Fons gigafactory will begin production in late 2023.
The complete list of the latest news
is available on the Group’s website: www.michelin.com/en
Communication – practical information
Presentation and Conference Call
Nine-month 2022 sales will be reviewed with analysts and investors during a presentation Tuesday, October 25, 2022 at 6:30 p.m. CEST.
WEBCAST
The presentation will be webcast live on: www.michelin.com/en
CONFERENCE CALL
Please dial-in on one of the following numbers from 6:20 pm CEST:
|
+33 1 70 91 87 04 +44 1 212 818 004 +1 718 705 8796 |
PIN: 137627 PIN: 137627 PIN: 137627 |
Financial information for the nine months ended September 30, 2022 (press release, presentation) may also be viewed at www.michelin.com/en, along with practical information concerning the conference call.
Investor calendar
- 2022 Annual results: February 13, 2023
- Quarterly information for the three months ending March 31, 2023: April 26, 2023
- Michelin in Motion 2030 strategy progress report (digital event):
First-half 2023 (date to be specified)
| Investor Relations Guillaume Jullienne Pierre Hassaïri Flavien Huet |
Media Relations
+33 (0) 1 45 66 22 22 Individual Shareholders +33 (0) 4 73 32 23 05 Muriel Floc’hlay Clémence Rodriguez |
DISCLAIMER
This press release is not an offer to purchase or a solicitation to recommend the purchase of Michelin shares. To obtain more detailed information on Michelin, please consult the documents filed in France with the Autorité des Marchés Financiers, which are also available from the www.michelin.com website.
This press release may contain a number of forward-looking statements. Although the Company believes that these statements are based on reasonable assumptions at the time of publishing this document, they are by nature subject to risks and contingencies liable to translate into a difference between actual data and the forecasts made or inferred by these statements.
1 Structural free cash flow corresponds to free cash flow before acquisitions, adjusted for the impact of changes in raw material costs on trade payables, trade receivables and inventories.
2 and related distribution
3 see comments on Group volumes above.
Attachment
SHENZHEN, China, Sept. 29, 2024 /PRNewswire/ — At the 6G Conference held in Istanbul, on September 24, 2024, Dr. Wen Tong, Huawei Wireless CTO, delivered a keynote speech on 6G standardization and innovation. With the release of the ITU-R 6G vision framework, the 3GPP will start 6G standardization in 2025. “6G is a new generation of mobile technology, not a simple upgrade of 5G, it should bring new value to users,” said Dr. Tong, “6G is a true intergenerational technological disruption. 6G standard, key technologies, and network architecture should be re-defined based on application scenarios and requirements from 2030 to 2040. 6G should not be another way to implement 5G. Instead, 6G should embrace the AI revolution with a quantum leap and generate new values for the consumers. In this way, 3GPP standards can truly realize the 6G vision and create greater value for the entire industry.”
Centered “6G Standardization Direction” and “6G Innovation Driving Force”, Dr. Tong shared important views on the future architecture, terminal development, and key technologies of 6G.
In terms of architecture design, 6G should go beyond Service-Based Architecture and move towards Application-Driven Network.
5G has already achieved market success and continues to evolve towards 5G-Advanced. 6G will not simply reuse 5G network architecture, without generational and fundamental innovations, which will limit the mobile industry’s aspiration and imagination to dive the innovation in the 6G era. 6G must have obvious cross-generational characteristics and technical breakpoint.
On the core side, reusing the 5G core network will hinder the innovation in AI. We should use Agentic-AI based technology to re-architect 6G Core that goes beyond 5G Service-Based Architecture and support the foundational capabilities of AI, Sensing and NTN , and thus evolve towards the Application Driven Network .
In terms of terminal evolution, 6G user device calls for a breakthrough to lead the success of the entire industry chain.
It is the law of the mobile industry to drive the evolution of the market with the pioneering technology. The 6G networks and 6G terminals must meet the requirements of consumers and vertical industries in the 6G market phase from 2030 to 2040.
Currently, smartphones are evolving to AI terminals to usher in the mobile AI era. In post-MBB era, breakthroughs in terminal technologies will be the key to the evolution of the mobile industry. Therefore, 6G user device calls for a breakthrough towards “Full-AI”, thus to drive 6G network upgrade and the success of the entire industry ecosystem.
In terms of technology development, AI will become a key enabler for 6G with network paradigm shifting.
Twenty years ago, the Internet was the enabler of the technology innovations. Mobile communications embraced the Internet and achieved great business success. Today, AI maybe the disruptive enabler of the latest technology innovations.
6G should embrace the AI revolution with a quantum leap. However, 6G networks should not be limited to generative AI, Artificial General Intelligence (AGI) and Embodiment-AI are the main directions of future AI development. Therefore, AGI should run through the whole process of sensing, reasoning, decision, and action of terminals, wireless networks, and core networks of 6G, to welcome the arrival of a new network paradigm.
At the end, Dr. Tong Wen emphasized the relationship between 5G and 6G: “The global 5G deployment is on the rise and evolving to 5G-Advanced, which not only meets the current requirements of operators, but also protects their investment. Therefore, 6G technologies should not overlap with 5G in technologies and market space. The specifications, technologies, and architecture of 6G must be based on the scenarios and requirements from 2030 to 2040. We should focus on true generational technology disruption, embrace the new opportunities brought by AI, expand the mobile industry in the next generation.”
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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.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177013645
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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