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Dublin, April 26, 2023 (GLOBE NEWSWIRE) — The “Ultra-Wideband (UWB) Technology-Based Vehicle Access Control Market – A Global and Regional Analysis: Focus on Application Type, Product Type, and Country-Level Analysis – Analysis and Forecast, 2022-2031” report has been added to ResearchAndMarkets.com’s offering.
The global ultra-wideband technology-based vehicle access control market was valued at $92.6 million in 2022, which is expected to grow at a CAGR of 17.09% and reach $383.1 million by 2031.
The recent surge in the adoption of ultra-wideband technology across developed economies and their growing global awareness is shifting automakers’ focus to equip their upcoming models with ultra-wideband technology-based vehicle access.
For example, well-known automakers, including BMW, General Motors, Mercedes, and others, have already begun to offer ultra-wideband technology-based vehicle access in recent years. This shift in original equipment manufacturers’ (OEMs) focus toward developing ultra-wideband technology-based vehicle access control is expected to drive market growth in the coming years.
Market Lifecycle Stage
Ultra-wideband (UWB) technology can be used for vehicle access control, particularly for vehicle keyless entry systems. UWB technology operates by transmitting short pulses of radio waves over various frequencies.
By measuring the time it takes for these pulses to travel between devices, UWB technology can determine the distance between them with very high accuracy. When the user approaches the vehicle with the UWB-enabled key fob, the UWB system can detect the distance between the fob and the vehicle and automatically unlock the doors.
Impact of Global Ultra-Wideband Technology-Based Vehicle Access Control Market
The global ultra-wideband technology-based vehicle access control market is expected to significantly impact the automotive industry and the broader economy. Ultra-wideband technology-based vehicle access control systems can be a key differentiator for automotive manufacturers looking to provide a more secure and convenient user experience.
As such, we expect to see increased investment in UWB technology from automotive manufacturers and greater integration of UWB systems into vehicles. Ultra-wideband technology can provide a higher level of security than traditional keyless entry systems, as UWB signals are difficult to intercept or jam. As such, adopting UWB-based vehicle access control systems may help reduce the incidence of vehicle theft.
Passenger vehicles are currently credited with the highest share of the demand for ultra-wideband technology. Some key factors that have enabled the technical acceptance of these vehicles are high demand, higher registration of passenger cars, and less operating difficulty as compared to commercial vehicles.
The need for passenger vehicles is growing due to the demand for heavy and luxury vehicles and an increase in the number of cars driven by diesel engines. Additionally, increased population, urbanization, and disposable income have significantly increased passenger vehicle production.
The biometric segment accounts for the largest market. The combination of biometric and UWB technologies for vehicle access can provide a highly secure and convenient solution for keyless entry systems in vehicles. Biometric technology can verify the user’s identity, while UWB technology can ensure that the user is physically present in the correct location.
If the user’s identity is verified and their location is confirmed, the vehicle’s access control system could automatically unlock the doors, allowing the user to enter the vehicle. Overall, combining biometric and UWB technologies for vehicle access control can provide a seamless and secure user experience while offering enhanced protection against vehicle theft and unauthorized access.
The hardware segment accounts for the largest market. Ultra-wideband (UWB) technology-based vehicle access systems use short-range radio waves to communicate between the vehicle and the access device. These systems require specific hardware components to operate.
The UWB chip is the heart of the UWB system and is responsible for transmitting and receiving data; the control module manages the UWB system’s functions and is usually located inside the vehicle. The access device is used to communicate with the UWB system and is generally located outside the vehicle.
The 6 GHz to 10.6 GHz segment accounts for the largest market. The frequency range of 6 GHz to 10.6 GHz is one of the frequency bands allocated for ultra-wideband (UWB) communications. Using a wide range of frequencies allows UWB to provide high data rates and low power consumption, making it ideal for wireless personal area networks, radar, and location-tracking applications.
UWB in the 6 GHz to 10.6 GHz frequency range is used in various applications, including high-speed data transfer, radar imaging, and precision location tracking. UWB-based systems in this frequency range can provide accurate location information with sub-centimeter precision, making them suitable for asset tracking, industrial automation, automotive, and robotics applications.
The TWR segment accounts for the largest market. Two-way ranging is used in ultra-wideband (UWB) technology-based vehicle access systems to determine the distance between the vehicle and the access device. This technique uses time-of-flight measurements to calculate the distance based on the time it takes for a signal to travel from the vehicle to the access device and back again.
Two-way ranging in UWB technology-based vehicle access systems has several advantages. It provides accurate distance measurement with sub-centimeter precision, which is critical for ensuring secure and reliable vehicle access.
North America currently holds the largest share of the global ultra-wideband technology-based vehicle access control market. The North America region comprises the U.S., Canada, and Mexico.
The presence of technology providers, minimal miscalculations, product customization, and reduced production timescale are the primary driving factors of the North America ultra-wideband technology-based vehicle access control market. The U.S. government’s policies for research and development activities regarding ultra-wideband technology also hasten the region’s adoption of ultra-wideband technology.
Recent Developments in the Global Ultra-Wideband Technology-Based Vehicle Access Control Market
- In June 2022, CEVA, Inc. announced that the RW-UWB-CCC MAC software package had been added to its RivieraWaves ultra-wideband (UWB) IP to support the Car Connectivity Consortium (CCC) Digital Key 3.0 specification.
- In June 2021, NXP Semiconductors announced the availability of beta ultra-wideband (UWB) development tools from its NXP Trimension portfolio that interoperate with the U1 chip in supported Apple products.
- In January 2022, Qorvo, Inc. introduced the first wideband Wi-Fi front-end module (FEM) for customer premises equipment, covering the 5.1 GHz to 7.1 GHz bands (CPE). Qorvo’s new wideband QPF4730 can support full-frequency Wi-Fi 6 and Wi-Fi 6E enterprise solutions.
Trends: Current and Future
- Deployment of UWB Technology in Automotive Applications
- Emergence of Various Technologies, Such as 5G and AI
- Rising Investments in Automobile Industry
- Growing Demand for Connected and Autonomous Vehicles
- Future Potential of 5G and Artificial Intelligence
- Increasing Adoption of Real-Time Location System (RTLS) Applications in Vehicle
- Growing Adoption of the Internet of Things (IoT) in Automotive Applications
- Risk of Cyber Attacks
- Spectrum Expansion for New Applications
- Market Development
- Product Development
- Mergers and Acquisitions
- Partnerships, Collaborations, and Joint Ventures
- Case Study 1: UWB Technology-Based Digital Keys for Secured Vehicles Access
- Case Study 2: BMW Digital Key Plus
- Case Study 3: Continental Key as a Service (CKaaS)
- Comparison of UWB and Other Positioning Technologies
- Regulatory Landscape
- Supply Chain Network
- Technology Roadmap
- Key Patent Mapping
- Other Emerging Ultra-Wideband Applications
Key Companies Profiled
- Alereon Inc.
- Apple Inc.
- Microchip Technology Inc.
- NXP Semiconductors
- Pulse~LINK, Inc.
- Qorvo, Inc.
- STMicroelectronics N.V.
- BMW Group
- CEVA, Inc.
- Continental AG
- Hyundai Motor Group
- Robert Bosch GmbH
- Samsung Electronics Co., Ltd.
- Sirin Software
For more information about this report visit https://www.researchandmarkets.com/r/7gpki2
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Censys Introduces the Ground Truth for Internet Intelligence – The Censys Internet Map
Powering Censys’ Internet Intelligence Platform, the Internet Map provides critical insights to identify, understand and mitigate threats
ANN ARBOR, Mich., Sept. 26, 2023 /PRNewswire/ — Today, Censys, the leading Internet Intelligence Platform for threat hunting and exposure management, announced the Censys Internet Map. As the data foundation that powers the Censys Internet Intelligence Platform, the Censys Internet Map provides users with the most comprehensive, up-to-date collection of global internet infrastructure to empower security and intelligence teams.
In today’s threat landscape, enterprises cannot rely on “good enough” data to defend their organization. Security teams require comprehensive and accurate data to serve as the center for their security solutions – external attack surface management, vulnerability management, zero-trust, and threat detection, investigation, and response – all rely on exposure management data to protect organizations.
The Censys Internet Map offers the fastest discovery and best coverage of internet hosts and services. Through comprehensive scans of the top 100+ ports and proprietary ML-based discovery of services across 65k ports, it reduces false positives by 70%, improving security teams’ ability to successfully map and defend. With the most complete and up-to-date index of hosts and services on the internet, the Censys Internet Map provides users with the three C’s: Coverage, Context and Connections, which are imperative to an organization’s security posture.
“The organizations we work with face growing challenges that make security insights and threat intelligence critically important to delivering on their mission,” commented Mike Riordan, CEO of RavenTek. “Through the powerful capabilities of Censys solutions powered by their Internet Map, our clients are better able to stay ahead of emerging risks, proactively defend their organization, and quickly make data-informed decisions.”
With the widest depth of internet scanning coverage available, the Censys Internet Map scans 45x more services than competitors. This coverage is enriched with detailed context to identify host types, understand how assets are connected and configured, empowering security teams and threat hunters to identify patterns and trends.
“Censys is the only vendor providing this level of detailed visibility and running daily scans to help organizations eliminate false positives and stale data,” said Zakir Durumeric, Co-Founder and Chief Scientist at Censys. “Our intelligence provides threat analysts and security teams with more details to conduct investigations, understand, and block threats – ultimately reducing the risk and impact of a breach. We’re proud that our industry-leading data provides the most complete and up-to-date index of the internet, and are excited to expand this offering for even more users this year.”
To learn more about the Censys Internet Map and its approach to intelligence data and visibility, visit: https://censys.com/internet-map/.
About CensysCensys, Inc.™ is the leading Internet Intelligence Platform for Threat Hunting and Exposure Management. Founded in 2017 in Ann Arbor, Michigan, Censys gives organizations the world’s most comprehensive real-time view of global networks and devices. Customers like Google, Cisco, Microsoft, Samsung, Swiss Armed Forces, the U.S. Department of Homeland Security, Cybersecurity & Infrastructure Security Agency, and over 51% of the Fortune 500 rely on the company’s Exposure Management solution for a real-time, contextualized view into their internet and cloud assets. At Censys, you can be yourself. We like it that way. Diversity fuels our mission, and we are committed to inclusion across race, gender, age and identity. To learn more, visit censys.com and follow Censys on Twitter.
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Onfido Featured as a Market Leader in Liminal’s Link Index Report for Account Opening in Financial Services
SAN FRANCISCO, Sept. 26, 2023 /PRNewswire/ — Onfido, the global automated identity verification provider, has been recognized as a market leader in Liminal’s highly anticipated Link™Index Report for Account Opening in Financial Services.
The Link Index analyzed over 150 companies claiming to solve Account Opening (AO) in Financial Services and found that only 32 total vendors (21% of the market) have the necessary product capabilities to satisfy buyer demands. Of these 32 companies, Liminal positioned Onfido as a leading vendor alongside partners Experian and TransUnion (p.11), acknowledged for delivering comprehensive solutions in compliance and fraud prevention for account opening. The report also highlighted that 20% of buyers are actively looking to switch to a better AO vendor.
Download the full report and sign up for the webinar with Liminal examining the latest developments in account openings for financial services.
Fraud prevention and compliance are top of mind for buyers when weighing new solutions. By the end of 2023, it is estimated that $2.2B will be lost to AO fraud from synthetic identities, and with increasing regulation, AML fines are only set to increase from their high of $5B issued last year.*
Onfido was acknowledged as a leader on Liminal’s matrix, scored by Market Presence and Product Execution. Onfido achieved a positive global market presence score of 4.3/5 and a product execution score of 72%, closest to TransUnion, an Onfido partner. Onfido was also noted as a leader in the AO space by 44.9% of respondents and was a recognized brand by over half of buyers, solidifying Onfido as a top company in both these categories. And thanks to its dedicated customer success team, Onfido’s customer satisfaction score was 60.4%, making it a top ten vendor in this category.
“The financial services sector is undergoing a transformative shift in account opening practices, necessitating robust security measures that seamlessly integrate with user experience while adhering to rigorous regulatory requirements,” said Travis Jarae, founder and CEO at Liminal. “Onfido’s Real Identity Platform addresses these challenges, ensuring a streamlined “Know Your Customer” (KYC) and Anti-Money Laundering (AML) compliance process during customer onboarding, while ensuring best-in-class fraud prevention.”
The Onfido Real Identity Platform is designed to secure trust between organizations and their customers throughout the customer lifecycle journey. It automatically verifies a customer’s identity using a smart combination of award-winning document and biometric verification, trusted data sources, and passive fraud signals. Hailed by companies like Adyen, EE (BT), Bunq, DocuSign, Revolut and Remitly, Onfido helps global companies reduce friction and accelerate onboarding for customers with purpose-built features and its Smart Capture SDK, while providing companies the flexibility and freedom to scale with Onfido Studio, the no-code mission control for identity verification.
“Our recognition in Liminal’s Link Index Report underscores Onfido’s commitment to transforming the financial services landscape,” said Mike Tuchen, CEO of Onfido. “Our identity platform empowers financial institutions to more easily navigate complex regulations on a global and regional level while stopping fraudsters and ensuring the best possible user experience.”
This news comes on the heels of other market recognition from Frost & Sullivan, awarding Onfido 2023 Fraud Detection and Prevention Company of the Year, picking up 7 leader badges in G2’s 2023 Fall Reports, as well as a Strong Performer in Forrester’s Q4 2022 Wave for Identity Verification Solutions.
About Onfido Onfido makes digital identity simple. The company makes it easy for people to access services by digitally verifying them using its Real Identity Platform. The platform allows businesses to tailor verification methods to individual user and market needs in a no-code, orchestration layer – combining the right mix of document and biometric verifications, trusted data sources, and passive fraud signals to meet their risk, friction and regulatory requirements. Partnering with over 1,100 businesses globally, Onfido helps millions of people access services every day – from billion-dollar institutions to hyper growth start-ups.www.onfido.comwww.linkedin.com/company/onfido/www.twitter.com/onfido
About LiminalLiminal is a market intelligence and strategic advisory firm serving digital identity, fintech, cybersecurity solution providers, and the private equity and venture capital community. Since 2016, Liminal has provided strategy and analytical services that support executive decision-making at all product or business lifecycle stages. We advise some of the world’s most prominent and innovative business leaders, investors, and government officials on building, buying, and investing in the next generation of digital identity solutions and technologies. Learn more at www.liminal.co and follow news and updates from Liminal on LinkedIn or subscribe to their weekly newsletter.
*Financial Times, “Global anti-money laundering fines surge 50%”
Media contact: [email protected]
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Infosys collaborates with Microsoft to accelerate and democratize industry-wide adoption of generative AI
Both companies will help enterprises take an AI-first approach to scale next-generation AI solutions to improve operational efficiencies, drive revenue growth, and enable business transformation
BENGALURU, India, Sept. 26, 2023 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it is collaborating with Microsoft to jointly develop industry leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries. The integrated solutions will accelerate rapid democratization of data and intelligence that will help businesses increase productivity and drive new revenue growth.
Generative AI has opened new avenues of AI applications and key enterprise functions across industries, and Infosys is providing services, frameworks, solutions, and platforms in multiple application areas, such as semantic search, document summarization, contact center transformation, AI-augmented software development lifecycle (SDLC) and marketing content creation. For example, Infosys helped a leading financial services company implement an AI-based solution to generate document summaries and provide a semantic search capability using generative AI. This resulted in automated organization of documents, which significantly reduced efforts and improved productivity of their financial advisors.
Through the collaboration with Microsoft, Infosys Topaz is using Azure OpenAI Service and Azure Cognitive Services to augment its capabilities, in order to help enterprise customers transition from digital to AI solutions. The integrated solutions will boost customers’ operational efficiency, decrease turn-around-time, future-proof investments, and open new business models.
Balakrishna D. R. (Bali), Executive Vice President and Global Head – AI and Automation, Application Development & Maintenance, Infosys, said, “Infosys Topaz is empowering businesses with improved operational efficiencies and reduced time-to-market for launching new products and services. It converges the power of Infosys Cobalt and data analytics to AI-power business and deliver cognitive solutions and intuitive experiences that revitalize growth. Through our strategic collaboration with Microsoft, we will continue to lead the generative AI revolution, helping businesses amplify human potential and navigate their next towards becoming AI-first enterprises.”
Nicole Dezen, Chief Partner Officer, Microsoft Corp, said, “We’re pleased to expand our collaboration with Infosys to deliver innovative solutions, utilizing Azure OpenAI Service and Azure Cognitive Services, that will help customers develop new business models, and realize new revenue streams. By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation.”
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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