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Connected Car Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

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New York, Feb. 21, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Connected Car Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027” – https://www.reportlinker.com/p06421154/?utm_source=GNW

The Global Connected Car Market registered around USD 67.39 billion in 2021 and is estimated to reach USD 149.49 billion by 2027, registering a CAGR of 13.28%. Cars can now communicate seamlessly with other vehicles and infrastructure with technologies called vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I). The usage of artificial intelligence (AI) technology, which enables smarter interactions between the driver and the vehicle, has increased, which has led to the sector expanding. Owing to the technology’s extensive variety of sophisticated features, such as voice recognition, gesture recognition, driver monitoring, virtual assistance, and Natural Language Understanding (NLU) customers can experience fully autonomous driving.
Moreover, it is expected that the market for connected cars would develop as in-car entertainment becomes more popular.The “CarPlay” software is marketed and distributed by Apple, Inc.

It connects to the vehicle’s controls, such as the knobs, buttons, and touchpad, and offers Siri-enabled functions, such as voice control, message reading, answering, and sending, as well as call making.
Vehicles with 5G connectivity
The adoption of 5G technology is a significant milestone in the connected automobile business.Everything, including machines, devices, and objects, will be connected through the fifth generation (5G) of wireless mobile networks.

By facilitating data sharing between vehicles on subjects such as speed, position, and previous road conditions, 5G linked cars are revolutionizing the automotive business.The vehicle interface is the vehicle HMI (human machine interface).

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Automotive HMIs provide significantly more natural interactions between drivers, passengers, and their cars.For the purpose of advancing connected technologies, major industry participants are concentrating on creating connected vehicles with 5G connectivity.

For instance, General Motors, a US-based automaker, intends to introduce 5G connection vehicles for Chinese consumers in 2022.
Advanced Driver-Assistance Systems (ADAS)
The market for connected automobiles is seeing an increase in demand for better driver aid technology.Electronic passive and active safety systems known as advanced driver-assistance technologies (ADAS) help drivers by lowering the likelihood of human error.

Its available applications include blind-spot detection, automated emergency braking, lane departure warning, and traffic sign recognition.The leading companies of the market are introducing the most cutting-edge driver support systems for fully automated vehicles such as connected cars.

For instance, the next-generation ADAS platform for electric and highly autonomous vehicles was introduced in January 2021 by the technology company Aptiv PLC with headquarters in the USA. On this platform, complicated operations are streamlined while system costs are reduced owing to software-defined intelligent systems.
Integration of AI Technology
The market for connected cars is seeing a significant uptick in the use of AI technologies.Artificial intelligence technology is the term for a human-created, computer-processed simulation of human intelligence.

Artificial intelligence (AI) uses deep learning and control operations to mimic human decision-making processes.Deep learning refers to tracking and automatically adopting a user’s lifestyle behavior over time.

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As a result, better driving and safety analyses are provided\ and it also aids in tracking car parts and notifying when they need maintenance.To improve connected car operating systems, major participants in the market are concentrating on developing linked cars with AI technology.

For instance, Hyundai Motor Group, a South Korean automaker, introduced NVIDIA DRIVETM in-vehicle entertainment system linked car platform upgraded with AI user experience in November 2020. It automatically archives the users’ favorite shows and suggests comparable shows in the same genre.
Security And Safety Concern
The major concern now a days is data being secured or not.Connected and digitized vehicle increases the risk of cyber-attack.

When the car is connected, the possibility of hackers gaining external control increases.On the other hand, safety concerns also raise some questions.

Vehicle travel is much safer when it is controlled by the Artificial Intelligence and Internet of Things because humans can make errors, but machine algorithms cannot.
Market Segmentation
The Global Connected Car Market is segmented based on technology type, connectivity, communication, service, region, and company.Based on technology type, the market is segmented into 3G,4G, and 5G.

Based on connectivity type, the market is further segmented into embedded, tethered, and integrated.On the basis of communication, the market is segmented into vehicle to vehicle, vehicle to infrastructure, vehicle to cloud, vehicle to pedestrian, and vehicle to everything.

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Based on service, it is divided into driving assistance, connected safety, well-being, vehicle management, intersection assistance, emergency braking, and others, by region, and by company.
Company Profiles
The key players in the market include Apple Inc., AT&T Inc., Ford Motor Company, General Motors Company, BMW Group, Google Inc., Audi AG, Delphi Automotive PLC, NXP Semiconductors N.V, Car Force. These players are investing in innovation and manufacturing that will meet the customer requirement and be able to beat their competition with the uniqueness of their product. Additionally, advanced strategic moves, such as mergers and collaborations, also benefit key players by increasing their customer base and expanding their sales and distribution networks in the global connected car market.

Report Scope:

In this report, Global Connected Car Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Connected Car Market, By Technology Type:
o 4G
o 5G
o 3G
• Global Connected Car Market, By Connectivity Type:
o Embedded
o Tethered
o Integrated
• Global Connected Car Market, By Communication Type:
o Vehicle to Vehicle
o Vehicle to Pedestrian
o Vehicle to Cloud
o Vehicle to Infrastructure
o Vehicle to Everything
• Global Connected Car Market, By Service Type:
o Driving Assistance
o Well-Being
o Vehicle Management
o Emergency Braking
o Connected Safety
o Intersection Assistance
• Global Connected Car Market, By Region:
o Asia-Pacific
o Europe
o North America
o South America
o Middle East and Africa
• Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Global Connected Car Market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

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Company Information

• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06421154/?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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World Top-Performing Incubator Conference 2024 Held in Lingang Shanghai, China

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SHANGHAI, Oct. 1 2024 /PRNewswire/ — The World Top-Performing Incubator Conference 2024 (WTIF 2024), one of the series activities of Pujiang Innovation Forum, themed “Boundless Innovation, Collaborative Synergy”, was held in Lin-gang Special Area, Shanghai from September 26th to 28th, 2024.

During the opening ceremony, Zhao Chaofan, Director General, the Department of Science and Technology, Ministry of Industry and Information Technology (MIIT), Wang Dehua, Director of Incubation System Construction Division of Torch High Technology Industry Development Center Ministry of Science and Technology, Zhai Jinguo, Deputy Director of the Science and Technology Commission of Shanghai Municipality, and Peng Shiquan, Deputy Director of Lin-gang Special Area Management Committee attended and delivered welcome speeches. Li Youping, Deputy Director of the Torch Technology Industry Development Center, MIIT, Chen Xin, Vice President of Shanghai Association for Science and Technology, Sun Meng, Vice President of Shanghai Lingang Economic Development, and Huang Lihong, Director of Shanghai Technology Innovation Center, collectively launched WTIF 2024.
DMZ, The Drivery GmbH, London & Partners, UtrechtInc Startup Incubator, ITU Çekirdek Incubation Center,Startups House, 22 On Sloane, Caohejing Humanoid Robots Innovation Incubator, G60 Satellite Internet Incubator, Lingang Pujiang Entrepreneurship and Innovation Park, Lingang Medical Device Innovation Center and HCH Ventures officially joined “International Innovation Synergy and Incubation Alliance”.
Joint incubation contracts have been signed by several top-tier incubators: Startups House and Step Innovation, Peking University International S&T Innovation Center at Lingang and Lingang Science and Technology Investment, ITU Çekirdek Incubation Center and Shanghai Lingang United Development, 22 on Sloane and Lingang Pujiang Entrepreneurship and Innovation Park, USP Innovation Agency and Shanghai Pudong Software Park Incubator. Several letters of intent for project implementation have been signed, covering Nine Dimension Turing Technology and Caohejing Hi-Tech Park, Beijing Haibaichuan Technology and Shanghai Lingang United Development, and Paragraf Ltd and Shanghai Lingang Economic Development Group Technology Investment.
During the keynote speech, Dr. Frederico Lourenco, Vice President of Portfolio Strategy and Operations, Flagship Pioneering, and Prof. Kwang-Geun (James) Lee, Chairman of Asian Association of Business Incubation (AABI) delivered thematic sharing. Mi Lei, Founding Partner of CASSTAR, had in-depth dialogue with Tian Mochen, Founder and CEO of Kiwimoore. Profound dialogues were also created between Dr Tony Raven, Former Chief Executive, Cambridge Enterprise, and Dr Simon Thomas FREng, Fellow of the Royal Academy of Engineering,CEO and Co-Founder, Paragraf Ltd.
In the roundtable discussion on Innovation Models and Cooperation Opportunities for Global Incubation, UBI Global, DMZ, Startups House, Lingang SYNLINX Life Science Professional Incubator, The Drivery GmbH and Xnode discussed on innovation models for global technology incubation.
The Conference was guided by the Torch High Technology Industry Development Center Ministry of Science and Technology, Science and Technology Commission of Shanghai Municipality and Technology Committee, Lin-gang Special Area Administration of China (Shanghai) Pilot Free Trade Zone, and Shanghai Association for Science and Technology, organized by Shanghai Lingang Economic Development and Shanghai Technology Innovation Center, and co-organized by Shanghai Lingang Economic Development Group Technology Investment, Shanghai Technology Business Incubator Association and Step Innovation.
Photo – https://mma.prnewswire.com/media/2518567/20240929161407.jpg 

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MiTAC Computing Technology Achieves Brand Consolidation, Expands Server Business

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TAOYUAN, Oct. 1, 2024 /PRNewswire/ — MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corporation (hereinafter referred to as MiTAC; stock symbol: 3706), has announced that the server brand TYAN® will be integrated with the MiTAC brand. Starting from October 1, 2024, all products will be branded under MiTAC, with the release of a new logo and updated official website. MiTAC Computing Technology Corporation website: http://www.mitaccomputing.com/

MiTAC entered the server ODM industry in 1999 as one of Taiwan’s pioneers in the server market. In 2007, it expanded its presence by acquiring Tyan Computer, building a reputation for designing high-performance motherboards and barebone systems targeting the high-end server market. Following the spinoff of MiTAC’s cloud computing business in 2014, MiTAC Computing Technology was established as a subsidiary of Mitac Holdings under the MiTAC-Synnex Group.
With over two decades of experience in server research, development, manufacturing, and sales, MiTAC Computing Technology has consistently pushed the boundaries of innovation by leveraging top talent and operational efficiency. Committed to earning customer trust and fostering mutual success, MiTAC designs and manufactures high-quality server products for OEMs and Cloud Service Providers (CSPs). Through its leading server brand of TYAN, MiTAC has garnered significant industry appreciations for its extensive expertise and success. Additionally, since July 2023, MiTAC Computing Technology has taken on Intel’s Datacenter Solutions Group (DSG) server business, further expanding its influence in the server market under the MiTAC brand.
Rick Hwang, President of MiTAC Computing Technology, explained that although MiTAC and TYAN serve distinct market segments, their integration under a single brand will streamline distribution strategies, create brand management synergies, and strengthen MiTAC’s overall market presence.
The brand integration process is fully completed by October 1, 2024, consolidating all products under the MiTAC brand. As the demand for generative AI continues to grow, MiTAC Computing Technology is committed to advancing its AI server product line by leveraging its R&D strengths. “Our commitment to delivering superior solutions and service to our customers remains unwavering,” said Rick Hwang. “By unifying our brand, we aim to enhance the value of MiTAC’s offerings, providing a seamless and consistent customer experience across all customers.”
About MiTAC Computing Technology Corporation
MiTAC Computing Technology Corporation, a subsidiary of MiTAC Holdings Corp. (TSE:3706), specializes in cloud, AI/HPC and edge computing solutions and has over 30 years of design and manufacturing expertise. With a strong focus on large-scale data centers, MiTAC offers flexible and customized solutions for various systems and applications. Our product lineup includes TYAN servers, ORAN servers, high-performance AI servers, and other data center products.
Originally, MiTAC operated the server channel business under the TYAN brand and began selling Intel DSG server products under the MiTAC brand in July 2023. As of October 2024, we have integrated the TYAN and MiTAC brands to streamline our operations and enhance brand management. MiTAC now serves as the sole brand name for all our products.
MiTAC Computing Technology Corporation website:http://www.mitaccomputing.com/
Photo – https://mma.prnewswire.com/media/2515283/PR_photo_Rick_Hwang____________President_of_MiTAC_Computing_Technology.jpg
 

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Aero Design Labs receives U.S. and EASA approval for updated Boeing 737-800 drag reduction kit

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FORT WORTH, Texas, Sept. 30, 2024 /PRNewswire/ — Aero Design Labs (ADL) today announced it has received a Supplementary Type Certificate (STC) from the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA) approval for its enhanced Boeing 737-800 drag reduction kit 2.0.

“We are delighted to introduce our next generation of the drag reduction kit, which we are referring to as ‘ADL Kit 2.0′,” said Jeff Martin, ADL President and CEO. “The ADL team has once again demonstrated its expertise and commitment to aviation carbon reduction through its continued improvement process. ADL’s next generation Kit 2.0 is an evolution from our original designs, meeting the stringent requirements based on valuable feedback from our launch partners. With our new EASA approval, we can now offer our carbon reduction kits to new EU airline customers.”
The ADL Kit 2.0 captures new benefits, and significantly reduces the installation time, delivering reduced out-of-service time for the conversion while generating meaningful fuel savings and reduced carbon emissions across the popular Boeing 737-800 variant. Based on feedback from airline partners, it is anticipated that a kit can be installed overnight, minimizing critical out-of-service time for the airlines.
“Having served as an airline operational executive, I understand the need for airlines to reduce their carbon footprint, save fuel and minimize aircraft out-of-service time for the modification,” said David Campbell, ADL Chief Operating Officer. “ADL Kit 2.0 offers better economics and a shorter payback period, assisting airlines with fuel savings and carbon reduction including their IATA CORSIA carbon reduction pledges.”
“On behalf of the team at ADL, we thank ALOFT AeroArchitects, NORDAM, AAR Corp, and the many airline partners who have assisted us on this journey”, concluded Jeff Martin. “Their feedback and contributions to our engineering efforts and joint commitments to reducing aviation carbon emissions are invaluable.”
About Aero Design Labs L.L.C.
Founded in 2015, Aero Design Labs (ADL) leads the way in the research, development and installation of drag reduction systems for airline fleets globally. ADL modifications to airlines’ existing fleets can result in fuel savings, extend fleet longevity and the potential for billions of pounds of CO2 to be prevented from entering the atmosphere. 
Media inquiries: Richard Bartrem [email protected]
Sales inquiries: David Campbell [email protected]
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