Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

Autonomous Cars Market size worth USD 11.03 billion by 2028 | Industry expected to rise at a CAGR of 31.3%

Published

on

<!– Name:DistributionId Value:8839432 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:5557 –> <!– Name:CustomerId Value:500066663 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:52de6bb4-3acf-456e-bd72-7f043dc27288 –>

Pune, India., May 15, 2023 (GLOBE NEWSWIRE) — The global autonomous car market size was USD 1.45 billion in 2020 and market is projected to grow worth USD 11.03 billion in 2028 from USD 1.64 billion in 2021 at a CAGR of 31.3% in the 2021-2028 period. As per our researchers, the speedy development in sensor-processing technologies, adaptive algorithms, high-definition mapping, and the placement of infrastructure-to-vehicle and vehicle-to-vehicle communication technologies are reassuring numerous corporations to magnify their manufacturing capabilities and navigate vehicle automation to an elevated level. This information is provided by Fortune Business Insights™ in its report titled, “Autonomous Car Market, 2021-2028.” 

Furthermore, giant businesses associated with automobile manufacturing are promptly adopting Artificial Intelligence (AI) and Machine Learning (ML) technologies and implementing them in automobile manufacturing. For instance, according to Washington Post, Tesla cars, which have been introduced as self-driving cars, are loaded with the latest technologies such as progressive hardware capability of offering autopilot programs, and completely self-driving abilities, via the software updates intended to augment operations as time passes.

Request a Sample Copy of the Research Report:  https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/autonomous-cars-market-100141

Report Highlights:

Report Coverage Details
Forecast Period 2021-2028
Forecast Period 2021 to 2028 CAGR 31.3%
2028 Value Projection USD 11.03 billion
Base Year 2020
Market Size in 2021 USD 1.64 billion
Historical Data for 2017-2019
No. of Pages 200

Drivers & Restraints-

Extensive Implementation of ADAS to Enhance Market Growth

Advanced driver assistance systems (ADAS) aid drivers via their artificial intelligence (AI) and various other innovative characteristics, thus evading interruptions and plummeting the burden on the driver. The prompt acceptance of progressive technologies in software algorithms, cameras, sensors, processors, and mapping has upgraded the application process of ADAS in automobiles. Additionally, increasing issues of the protection and security of cars, inhabitants, and walkers and to decrease the rate of road mortalities, automobile producers are integrating ADAS in cars, therefore stimulating the autonomous car market growth.

COVID-19 Pandemic Augmented Implementation of Self-directed Automobiles

The COVID-19-persuaded health issues have substantially impacted the mobility and transportation sector owing to the factor that traveller are inclined towards private transport modes. Furthermore, shifting shopping practices owing to COVID-19 has further instigated logistics and marketing to regulate according to the fluctuating scenarios on account of the surging prominence of e-commerce. These aspects are sturdily swaying the demand for autonomous vehicles amongst industries and customers.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/autonomous-cars-market-100141

Segments-

On the basis of type, the market for autonomous cars is separated into semi-autonomous and fully autonomous. The semi-autonomous car segment held 21.9% in 2020 in terms of the autonomous car market share. The semi-automatic and self-driving car markets have been sectioned according to the degree of automation (at levels 1, 2, and 3, respectively).

On the basis of vehicle type, the market is classified into passenger cars and commercial vehicles. In terms of region, the market is segregated into North America, Europe, Asia Pacific, and the rest of the world.

Segmentation By Type

  • Fully Autonomous
  • Semi-Autonomous
By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

Get your Customized Research Report: 

https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/autonomous-cars-market-100141

Competitive Landscape-

Key Player Focus on Widespread Research & Development Activities

Crucial players are often seen applying effective schemes and strategies in order to conquer the market for autonomous cars and set a prominent footprint in their respective industries.

For instance, Robert Bosch GmbH is an international player in the sector of autonomous car technology. The disposition of a wider variety of advanced driver-aiding solutions and the expansion of self-driving vehicles for the smart and secure age of movement are the main ideas of the company. Likewise, the endless R&D struggles by the corporation are resulting in the formation of advanced technologies, which are a few of the substantial aspects accountable for the supremacy of the company.

Regional Insights-

Increasing Adoption of Technologically Advanced Cars to Aid Growth in Asia Pacific

The market size in Asia Pacific was worth USD 0.72 billion in 2020. The region dominates in the global market on account of the rising implementation of autonomous cars and the mounting customer inclinations towards technologically radical aspects. Automotive corporations are scheduling to inflate manufacturing divisions and attain prompt technological development in production amenities in developing nations, such as India and China.

Europe held the second-largest share in the global market for autonomous cars owing to the widespread capitalization by crucial manufacturers to improve advanced technologies. For instance, the British government is dedicated to connecting self-driving cars on the streets by the end of 2021. It is also considering making the essential alterations to the guidelines in order to back up the expansion of autonomous cars in the U.K.

Report Coverage:

The report offers valued insights attained by a detailed study conducted by our researchers. Wide-ranging research was directed to provide the estimated size of the market for autonomous cars. The data used to project the shares for multiple segments at the country, regional, and global levels are acquired from in-depth interviews with numerous investors. Furthermore, we have gained admission to numerous global and regional funded databases to provide precise material to make business investment judgments easy for stakeholders

Quick Buy – Autonomous Cars Market Size Research Report: 

https://www.fortunebusinessinsights.com/checkout-page/100141

A list of prominent Autonomous Cars manufacturers operating in the global market:

  • Autoliv Inc.  (Stockholm, Sweden)
  • Aptiv (Dublin, Ireland)
  • Waymo LLC ( California, United States)
  • Robert Bosch GmbH ( Gerlingen, Germany)
  • Daimler AG  ( Stuttgart, Germany)
  • Baidu (Beijing, China)
  • AutoX,  Inc. (California, United States)
  • Pony.ai (Fremont, California, United States)
  • Ford Motor Company (Michigan, United States)
  • HYUNDAI MOTOR GROUP (Seoul, South Korea)
  • Volvo (Gothenburg, Sweden)

Notable Industry Development:  

  • February 2020: Pony.ai, which is an autonomous driving corporation, raised nearly USD 400 million from Toyota Motor Corporation in order to extend their collaboration in mobility services. The alliance is estimated to enhance self-directed driving technology, along with install mobility services.

Speak To Our Analyst:

https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/autonomous-cars-market-100141

Table Of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
  • Merger, Acquisitions, and Partnerships
  • Distributor Analysis – For Major Players
  • Growth and Penetration Analysis
  • Porter’s Five Forces Analysis
  • PEST Analysis
  • COVID-Impact
  • Global Autonomous Cars Market Analysis, Insights and Forecast, 201-20
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
    • Market Analysis, Insights and Forecast – By Type
  • Fully Autonomous
  • Semi-Autonomous
    • Market Analysis, Insights and Forecast – By Region
  • North America
  • Europe
  • Asia pacific
  • Rest of the World
  • North America Autonomous Cars Market Analysis, Insights and Forecast, 201-202
    • Key Findings / Summary
    • Market Analysis – By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
    • Market Analysis – By Type
  • Fully Autonomous
  • Semi-Autonomous
    • Market Analysis – By Country
  • U.S.
  • Canada
  • Mexico
  • Europe Autonomous Cars Market Analysis, Insights and Forecast, 201-202
    • Key Findings / Summary
    • Market Analysis – By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
    • Market Analysis – By Type
  • Fully Autonomous
  • Semi-Autonomous
    • Market Analysis – By Country
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia pacific Autonomous Cars Market Analysis, Insights and Forecast, 201-202
    • Key Findings / Summary
    • Market Analysis – By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
    • Market Analysis – By Type
  • Fully Autonomous
  • Semi-Autonomous
    • Market Analysis – By Country
  • Japan
  • China
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World Autonomous Cars Market Analysis, Insights and Forecast, 201-202
    • Key Findings / Summary
    • Market Analysis – By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
    • Market Analysis – By Type
  • Fully Autonomous
  • Semi-Autonomous
  • Competitive Analysis
    • Key Industry Developments
    • Global Market Share Analysis (201)
    • Competition Dashboard
    • Comparative Analysis – Major Players
    • Company Profiles (Overview, Products &amp; services, SWOT analysis, Recent developments, strategies, financials (based on availability))
  • Autoliv Inc.
  • Aptiv PLC
  • Robert Bosch GmbH
  • Waymo LLC
  • Daimler AG
  • Baidu
  • AutoX,  Inc.
  • Pony.ai
  • Ford Motor Company
  •  HYUNDAI MOTOR GROUP
  •  Volvo

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

Phone:

U.S.:+1 424 253 0390

U.K.: +44 2071 939123

APAC : +91 744 740 1245

Email[email protected]

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

$10 million Artificial Intelligence Mathematical Olympiad Prize appoints further advisory committee members

Published

on

$10-million-artificial-intelligence-mathematical-olympiad-prize-appoints-further-advisory-committee-members

D. Sculley, Kevin Buzzard, Leo de Moura, Lester Mackey and Peter J. Liu appointed to the advisory committee for the Artificial Intelligence Mathematical Olympiad Prize.
LONDON, April 26, 2024 /PRNewswire/ — XTX Markets’ newly created Artificial Intelligence Mathematical Olympiad Prize (‘AIMO Prize’) is a $10mn challenge fund designed to spur the creation of a publicly shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).

XTX Markets is delighted to announce the appointment of five further advisory committee members. This group brings great expertise in machine learning, including D. Sculley, the CEO of Kaggle; Lester Mackey, a Principal Researcher at Microsoft Research and a Macarthur Fellow; and Peter J. Liu, a research scientist at Google DeepMind.
Prolific mathematicians Kevin Buzzard, who achieved a perfect score in the International Mathematical Olympiad, and Leo De Moura who is the Chief Architect for Lean, the automated reasoning tool, also join the advisory group.
They join the existing advisory committee members Terence Tao and Timothy Gowers, both winners of the Fields Medal, as well as Dan Roberts, Geoff Smith and Po-Shen Loh.
The AIMO Advisory Committee will support the development of the AIMO Prize, including advising on appropriate protocols and technical aspects, and designing the various competitions and prizes.
Simon Coyle, Head of Philanthropy at XTX Markets, commented:
“We are thrilled to complete the AIMO Advisory Committee with the appointments of D., Kevin, Leo, Lester and Peter. Together, they have enormous experience in machine learning and automated reasoning and are already bringing expertise and wisdom to the AIMO Prize. We look forward to announcing the winners of the AIMO’s first Progress Prize soon, and then publicly sharing the AI models to support the open and collaborative development of AI.”
Further information on the AIMO Prize
There will be a grand prize of $5mn for the first publicly shared AI model to enter an AIMO approved competition and perform at a standard equivalent to a gold medal in the IMO. There will also be a series of progress prizes, totalling up to $5mn, for publicly shared AI models that achieve key milestones towards the grand prize.
The first AIMO approved competition opened to participants in April 2024 on the Kaggle competition platform. The first progress prize focuses on problems pitched at junior and high-school level maths competitions. There is a total prize pot of $1.048m for the first progress prize, of which at least $254k will be awarded in July 2024, There will be a presentation of progress held in Bath, England in July 2024, as part of the 65th IMO.
For more information on the AIMO Prize visit: https://aimoprize.com/ or the competition page on Kaggle: https://www.kaggle.com/competitions/ai-mathematical-olympiad-prize/
Advisory Committee member profiles:
D. Sculley
D. is the CEO at Kaggle. Prior to joining Kaggle, he was a director at Google Brain, leading research teams working on robust, responsible, reliable and efficient ML and AI. In his career in ML, he has worked on nearly every aspect of machine learning, and has led both product and research teams including those on some of the most challenging business problems. Some of his well-known work involves ML technical debt, ML education, ML robustness, production-critical ML, and ML for scientific applications such as protein design.
Kevin Buzzard
Kevin a professor of pure mathematics at Imperial College London, specialising in algebraic number theory. As well as his research and teaching, he has a wide range of interests, including being Deputy Head of Pure Mathematics, Co-Director of a CDT and the department’s outreach champion. He is currently focusing on formal proof verification, including being an active participant in the Lean community. From October 2024, he will be leading a project to formalise a 21st century proof of Fermat’s Last Theorem. Before joining Imperial, some 20 years ago, he was a Junior Research Fellow at the University of Cambridge, where he had previously been named ‘Senior Wrangler’ (the highest scoring undergraduate mathematician). He was also a participant in the International Mathematical Olympiad, winning gold with a perfect score in 1987. He has been a visitor at the IAS in Princeton, a visiting lecturer at Harvard, has won several prizes both for research and teaching, and has given lectures all over the world.
Leo de Moura
Leo is a Senior Principal Applied Scientist in the Automated Reasoning Group at AWS. In his spare time, he dedicates himself to serving as the Chief Architect of the Lean FRO, a non-profit organization that he proudly co-founded alongside Sebastian Ullrich. He is also honoured to hold a position on the Board of Directors at the Lean FRO, where he actively contributes to its growth and development. Before joining AWS in 2023, he was a Senior Principal Researcher in the RiSE group at Microsoft Research, where he worked for 17 years starting in 2006. Prior to that, he worked as a Computer Scientist at SRI International. His research areas are automated reasoning, theorem proving, decision procedures, SAT and SMT. He is the main architect of several automated reasoning tools: Lean, Z3, Yices 1.0 and SAL. Leo’s work in automated reasoning has been acknowledged with a series of prestigious awards, including the CAV, Haifa, and Herbrand awards, as well as the Programming Languages Software Award by the ACM. Leo’s work has also been reported in the New York Times and many popular science magazines such as Wired, Quanta, and Nature News.
Lester Mackey
Lester Mackey is a Principal Researcher at Microsoft Research, where he develops machine learning methods, models, and theory for large-scale learning tasks driven by applications from climate forecasting, healthcare, and the social good. Lester moved to Microsoft from Stanford University, where he was an assistant professor of Statistics and, by courtesy, of Computer Science. He earned his PhD in Computer Science and MA in Statistics from UC Berkeley and his BSE in Computer Science from Princeton University. He co-organized the second place team in the Netflix Prize competition for collaborative filtering; won the Prize4Life ALS disease progression prediction challenge; won prizes for temperature and precipitation forecasting in the yearlong real-time Subseasonal Climate Forecast Rodeo; and received best paper, outstanding paper, and best student paper awards from the ACM Conference on Programming Language Design and Implementation, the Conference on Neural Information Processing Systems, and the International Conference on Machine Learning. He is a 2023 MacArthur Fellow, a Fellow of the Institute of Mathematical Statistics, an elected member of the COPSS Leadership Academy, and the recipient of the 2023 Ethel Newbold Prize.
Peter J. Liu
Peter J. Liu is a Research Scientist at Google DeepMind in the San Francisco Bay area, doing machine learning research with a specialisation in language models since 2015 starting in the Google Brain team. He has published and served as area chair in top machine learning and NLP conferences such as ICLR, ICML, NEURIPS, ACL and EMNLP. He also has extensive production experience, including launching the first deep learning model for Gmail Anti-Spam, and using neural network models to detect financial fraud for top banks. He has degrees in Mathematics and Computer Science from the University of Toronto.
About XTX Markets:
XTX Markets is a leading financial technology firm which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. XTX has over 200 employees based in London, Paris, New York, Mumbai, Yerevan and Singapore. XTX is consistently a top 5 liquidity provider globally in FX (Euromoney 2018-present) and is also the largest European equities (systematic internaliser) liquidity provider (Rosenblatt FY: 2020-2023).
The company’s corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £100mn to charities and good causes, establishing it as a major donor in the UK and globally.
In a changing world XTX Markets is at the forefront of making financial markets fairer and more efficient for all.
 

View original content:https://www.prnewswire.co.uk/news-releases/10-million-artificial-intelligence-mathematical-olympiad-prize-appoints-further-advisory-committee-members-302128542.html

Continue Reading

Artificial Intelligence

Hikvision redefines urban mobility with AIoT-powered solutions at Intertraffic 2024

Published

on

hikvision-redefines-urban-mobility-with-aiot-powered-solutions-at-intertraffic-2024

HANGZHOU, China, April 26, 2024 /PRNewswire/ — Hikvision made a significant appearance at Intertraffic Amsterdam, the leading global trade fair for mobility and traffic technology. At the trade event, Hikvision unveiled a suite of traffic, transport, and parking management solutions and products powered by Artificial Intelligence of Things (AIoT) technology, which promised to improve urban mobility, road safety, and operational efficacy.

Elevating urban traffic intelligence with AIoT
One highlight of the Hikvision stand was its intelligent urban traffic solution, which leveraged the power of AIoT to deliver comprehensive real-time monitoring, incident detection, and traffic control. This solution intelligently reshapes traffic dynamics, offering a more responsive and data-driven approach to enhance situational awareness and traffic management. Key innovations in the solution included:
Hikvision’s radar-video fusion camerasThese combine the range perception of radar with the visual perception of video. The 4 MP Radar and Video Vehicle Detector, for example, helps to enhance road safety by providing early warning of potential hazards in challenging situations such as blind spots at intersections and obstacles outside the visual range.Hikvision’s All-In-One Traffic SpotterThis stands out with its multifaceted design incorporating video, radar, and lighting technologies for heightened traffic violation detection. Its streamlined column design facilitates effortless installation.Hikvision’s Radar-Linked PTZ Camera This ensures consistent performance in adverse weather and lightening conditions, and minimizes false alarms with advanced deep-learning algorithms.Innovating parking management
Hikvision also introduced its parking management solutions. These combine extremely precise license plate recognition and intelligent barrier controls incorporating highly accurate radar sensors. This comprehensive approach enhances security, reduces the need for manual intervention, and streamlines traffic flow across parking areas. The Global Shutter CMOS* (GMOS) ANPR camera was a new addition to the lineup. Designed to seamlessly blend in the environment, it is tailored for the task of discreetly capturing license plates at parking facilities that prioritize subtlety.
Advancing public transportation safety and efficiency
Attendees also had the opportunity to explore Hikvision’s latest public transport solutions, integrating AI-driven analytics with advanced video security, on-site voice broadcasting, and centralized management for enhanced onboard security, improved passenger experience, and operational efficiency for buses and taxis. This included the Four-way monitoring system and the Panoramic Auxiliary System, both designed to reduce blind spots and provide high-definition imaging to improve driving safety.
“As ever, we are continually expanding our suite of technologies to enhance traffic safety and efficiency,” said Nick Wu, Project Product Director at Hikvision Europe. “Our commitment lies in minimizing the need for extensive roadside installations by incorporating comprehensive perception and robust AI within unified device frameworks. These innovations automate and streamline every aspect of traffic management, from violation detection to traffic flow monitoring, driving safety, and parking management.”
To find out more about Hikvision’s urban mobility products and solutions, please explore its official website.
Note: CMOS stands for Complementary Metal-Oxide-Semiconductor.
Photo – https://mma.prnewswire.com/media/2398456/Hikvision_redefines_urban_mobility_AIoT_powered_solutions_Intertraffic_2024.jpgPhoto – https://mma.prnewswire.com/media/2398459/Hikvision_redefines_urban_mobility_AIoT_powered_solutions_Intertraffic_2024.jpg

View original content:https://www.prnewswire.co.uk/news-releases/hikvision-redefines-urban-mobility-with-aiot-powered-solutions-at-intertraffic-2024-302128527.html

Continue Reading

Artificial Intelligence

London Blockchain Conference Launches the No Future Campaign

Published

on

london-blockchain-conference-launches-the-no-future-campaign

LONDON, April 26, 2024 /PRNewswire/ — The London Blockchain Conference is excited to announce the launch of its ground-breaking, ‘No Future Campaign’. This initiative aims to create a strong narrative surrounding blockchain technology by challenging perceptions and sparking conversations. By creating this platform, the campaign aims to instil a fear of missing out (FOMO) sensation among the audience, positioning the London Blockchain Conference as a gateway to securing a stake in the future and unlocking the potential of blockchain technology.

With a bold and evocative narrative theme, the campaign will initially confront the audience with a jarring reality check of “NO FUTURE” and then resolve the statement “WITHOUT BLOCKCHAIN” to spark curiosity and engagement with the optimistic revelation that blockchain holds the key to a prosperous future.
The ‘No Future Campaign’ started on 17 April 2024 with the London Blockchain Conference creating and executing content on/with media platforms and partnerships:
Wharf Life inserts (17/04/2024) – Print and a digital advert/editorial-sponsored pieces.Animations being released on paid and organic channels in a 3-week campaign.Alex Stein, Conference Director said, “The No Future Campaign is a call for individuals, enterprises, and governments to recognise the importance and role of blockchain in shaping the future. Through the London Blockchain Conference, we aim to educate and inspire attendees to understand and harness the potential of blockchain technology.”
The three-day London Blockchain Conference at the ExCel will bring together politicians, business leaders, and innovators. The conference will be running from 21 – 23 May 2024 and will focus on disruptive and real-world applications of blockchain technology and the impact it is having on politics, emerging technologies, and enterprises.
For more information about the ‘No Future campaign’, visit the London Blockchain Conference website.
About the London Blockchain Conference
NETWORK. LEARN. ENGAGE. 
 At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself. 
 
 

View original content:https://www.prnewswire.co.uk/news-releases/london-blockchain-conference-launches-the-no-future-campaign-302128526.html

Continue Reading

Trending