Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Artificial Intelligence

V2X Market Projected to Reach USD 15.44 billion by 2030,at a 35% CAGR – Report by Market Research Future (MRFR)

Published

on

New York, US, June 07, 2023 (GLOBE NEWSWIRE) — According to a Comprehensive Report by MRFR/Market Research Future (MRFR), “V2X Market Information by Component, Communication Type, Vehicle Type Operating Platforms, and Region – Forecast till 2030″, The V2X market will be surging from USD 1.89 Billion in 2022 to USD 15.44 billion by 2030, exhibiting a growth rate of 35% during the appraisal period (2022 – 2030).

V2X Market Overview

A car can connect with other vehicles, other road users, and infrastructure thanks to the communication technology known as vehicle-to-everything (V2X). V2X technology’s main goals are to increase traffic efficiency, energy savings, and road safety. Communication systems for vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) and vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-cloud (V2C), and vehicle-to-device (V2D) are among the main elements of V2X. The automobile sector is developing ahead of technology, making it possible for cars to communicate with other digital devices and infrastructure, such as traffic lights and pedestrian communication devices. Because of these technological developments, automakers are now under pressure to implement vehicle V2X solutions that will improve customer safety, usefulness, and convenience.

Market Competitive Landscape:

The affluent companies in the V2X industry are

  • Tesla (US)
  • Volkswagen AG (Germany)
  • SAIC Motors (China)
  • BYD (China)
  • Stellantis (Netherlands)
  • Among others.


Get Free Sample PDF Brochure:

https://www.marketresearchfuture.com/sample_request/5513


COVID 19 Analysis

Throughout the pandemic, investments in future mobility technology have been made. Electrification, connectivity, and autonomous driving are the main ACES technologies that draw investment, according to a McKinsey analysis on the mobility investment environment. The report estimates that almost USD 18 billion was spent on connection, vehicle-to-infrastructure, and vehicle-to-everything (V2I/V2X) communication technologies.

In terms of cellular vehicle-to-everything (C-V2X), the pandemic has also sped up regulatory adjustments. The upper 30 MHz, which had previously been allotted to Dedicated Short-Range Communications (DSRC) services, were reallocated to C-V2X by the Federal Communications Commission (FCC) in late 2020. DSRC was thought to be essential for opening up vehicle-to-vehicle use cases and expanding safety features. The FCC’s decision will hasten the adoption of cellular vehicle-to-everything while virtually halting DSRC advancement.

Market Report Scope:

Report Metrics Details
Market Size 2030 2030: USD 15.44 billion
CAGR during 2022-2030 35% CAGR
Base Year 2021
Forecast 2022-2030
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Component, Communication Type, Vehicle Type Operating Platforms, and Region
Key Market Opportunities Government initiatives about electric vehicle
Key Market Dynamics Increasing investment in electric vehicle Reducing the cost of electric vehicle batteries


Browse In-depth Market Research Report (154 Pages) on V2X Market:

https://www.marketresearchfuture.com/reports/v2x-market-5513

The constraints brought on by the pandemic have sparked digital development and transformation since early 2020. Prior to COVID-19, the usage of autonomous vehicles (AVs) in China was less common due to technical limitations. The epidemic increased the demand for AVs to transport supplies, enhance safety, and advance new infrastructures.

Market USP Covered:

Market Drivers:

Through the V2X platform, connected vehicles can communicate with other vehicles, drivers, road infrastructure, and the cloud. These services produce useful data, such as vehicle performance and road conditions, and allow car dealers, fleet operators, and drivers to optimize resource utilization, increase safety, and automate some driver responsibilities. In order to function, connected vehicles must be able to gather information from their environment, share it with other connected vehicles, and connect to the intelligent transportation infrastructure. They must also be able to provide real-time traffic data to transportation authorities so they can better manage their roads and plan their infrastructure. Thus, the surge in demand for fundamental vehicle connectivity applications, such as real-time updates, navigation, and in-car infotainment, has been largely ascribed to the increased demand for connected car services. The advent of Internet of Things (IoT) in the automotive industry, the rise in demand for connection solutions, and the demand for improved driving experiences are all major reasons in the adoption of connected automobiles.

Industrialization and urbanization have accelerated due to the swift economic growth of several developed nations worldwide. Additionally, the V2X-based intelligent transport system (ITS), which is regarded as the main enabling technology to enhance traffic efficiency, road safety, and the driving experience, has been created in recent years. Additionally, macroeconomic reasons like rising disposable income, higher employment rates, and an increase in overall GDP are driving the creation of initiatives like smart cities with smart infrastructure facilities, which are anticipated to fuel the expansion of the automotive V2X industry. Additionally, the continued development and commercialization of cellular technology and associated infrastructure is bolstering the growth of the world economy. These include technologies like radio access technology (RAT), 5G, and LTE, which support applications for smart mobility like collision warning and avoidance, lane-keeping assistance, and obstacle recognition.


Ask for Customization:

https://www.marketresearchfuture.com/ask_for_customize/5513


Opportunities

The future of the automotive industry depends heavily on artificial intelligence (AI) and 5G, as predictive capabilities are becoming common in automobiles and help to customise the driving experience. Additionally, V2X communications for crucial driving safety and security are carried out more effectively with 5G and AI. Additionally, cellular-V2X is a significant factor in the growth of vehicle automation since it creates channels of communication between cars, roadside equipment, and people, increasing the vehicle’s awareness of its surroundings. Future 5G network technologies are expected to work with the C-V2X technology, which will make it possible for both the mission-critical V2X and C-V2X to serve as the ultimate platforms for the cooperative intelligent transport systems (C-ITS) services and technology. Therefore, in order to achieve the desired output level, use cases like autonomous driving, platooning, vehicle safety, and traffic efficiency that are quickly emerging have created a requirement for operationally efficient communication technology, which is expected to offer lucrative growth opportunities for the automotive V2X market.

Market Restraints: 

The development of the automotive V2X sector is hampered by high implementation costs and worries about data security. Contrarily, the potential of 5G and AI technologies, along with improvements in cellular-V2X (C-V2X) technology and breakthroughs in semi- and fully autonomous vehicles, are anticipated to present attractive prospects for the expansion of the automotive V2X market over the forecast period.

Market Segmentation

By Component

Hardware and software are included in the component-based segmentation of the V2X market. In terms of the revenue from the V2X Market, the hardware segment contributed 65–67% of the total in 2021.  

By Communication Type

V2C, V2D, V2G, V2P, V2V, and V2I are the communication type-based segments of the V2X market. The V2V segment dominated the market in 2021 and is anticipated to grow at the fastest rate from 2022 to 2030.  

By Vehicle Type

The V2X market can be divided into commercial and passenger segments, with respect to the Vehicle Type. Commercial was the market’s largest category in 2021 and is anticipated to grow at the fastest rate from 2022 to 2030. Automobiles having at least four wheels and no more than eight seats overall, excluding the driver’s seat, are considered passenger automobiles.


Buy Now Premium Research Report:

https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=5513


Regional Insights

The market for V2X in Europe hit USD 0.59 billion in 2021, and during the study period, it is anticipated to rise at a considerable CAGR. Due to the rising need for enhanced connectivity in surveillance and security features for the general public throughout the region, Europe is anticipated to have high growth rates for the market during the projected decade. Europe’s fleet management market is expected to expand significantly throughout the forecasted period, particularly in Germany and the UK. Additionally, the UK V2X market grew the fastest in the European region, while the Germany V2X market had the greatest market share.

Related Reports:

Intelligent Traffic Management System Market Research Report Information By Solution, By Offering And By Region –Market Forecast Till 2032

Traffic Management Market Research Report Information By Component, By Systems, and By Region  – Market Forecast Till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter


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

Cyber insurtech BOXX partners with Zurich Insurance Group in Switzerland to introduce breakthrough personal cyber product

Published

on

cyber-insurtech-boxx-partners-with-zurich-insurance-group-in-switzerland-to-introduce-breakthrough-personal-cyber-product

TORONTO, May 21, 2024 /PRNewswire/ — Award-winning global Insurtech BOXX Insurance Inc. that combines cyber insurance and security has announced the launch of a cutting-edge cyber risk solution in collaboration with Zurich Insurance Group in Switzerland, providing digital protection for individuals and families. 

Recognizing the critical need for comprehensive protection against digital threats Zurich Insurance in Switzerland has partnered with technology partner BOXX Insurance to develop a user-friendly solution designed to help individuals and families better predict and prevent potential scams and digital threats.
Designed for simplicity, the app’s personalized experience puts users’ digital safety front and centre, featuring an easy-to-use interface designed by Zurich Insurance in Switzerland and developed by BOXX in close collaboration with Zurich. The App is now available in Switzerland offering support in English, German, French and Italian.
“We created this to give individuals and families what they want – an app that delivers an essential bundle of tools at users fingertips including access to experts in the event of a cyber emergency,” explained Vishal Kundi, CEO and Founder, BOXX Insurance. “Smartphones have become the fastest-selling gadgets in history. They have penetrated every aspect of daily life. The average person picks their phone up to 100 times a day so if we want to make their world a digitally safer place, we have to ensure their phone and their usage is better secured,” Kundi added.
“An extensive research conducted by Zurich Insurance in Switzerland showed that many are not aware of online dangers and that around a quarter have already been victims of a cyber-attack. In addition, customers are simply overwhelmed with the range of cyber products,” says René Harlacher, Chief Underwriting Officer of Zurich Insurance in Switzerland. “At Zurich, it’s our mission to go beyond mere protection, and also offer our customers tools to help them build resilience and implement preventative measures against cyber risks. Based on these facts, we are expanding our cyber offering for private individuals so that we can provide them with support before, during and after a possible cyber-attack. This is exactly where our joint offering with BOXX Insurance comes in, as a way to lend additional support to our customers,” he adds.
The newly launched solution by Zurich Insurance in Switzerland focuses on providing essential services to help prevent digital threats combined with emergency assistance and support in case of an emergency. Delivered to end customers by Zurich, key features include:
Identity Protection: Identifies if personal data captured in the app shows up on the dark web and notifies users, providing help and advice to reduce threats of identity theft.Secure VPN: By creating a secure and encrypted internet connection the VPN protects data from potential threats such as hacking, identity theft, and phishing attacks. Secure WiFi: Scans WiFi networks for threats and helps proactively detect security issues.Safe Browsing: Warns against harmful websites and links to protect privacy and personal data.Device Protection: Checks and improves the security settings of devices. Devices with the Android operating system are additionally protected against viruses and malware.Password Manager: Creates and manages strong passwords and assists with their use.Edutainment: Educational content in an entertaining way to raise awareness of personal cyber security.Emergency Support and Assistance: Help and assistance from cyber security experts to provide support in cyber emergencies and for many other IT-related problems.   The new offering is available here: https://www.zurich.ch/en/private-customers/living-events/cyberprotection/insurance-prevention
“From providing protection from the dangers of being connected at home and on the go, customers now have the means to keep their devices and data secure and have access to indispensable help in an emergency, all in one easy-to-use app,” Kundi added.
Zurich has been working with BOXX since 2021 and participated in BOXX’s Series A and Series B funding rounds. As a Zurich Global Ventures portfolio company, BOXX is proud to now extend the ongoing collaboration with Zurich to enable Swiss customers to be digitally safer.
About BOXX Insurance 
BOXX Insurance Inc. helps businesses, individuals and families insure and defend against cyber threats. Privately-held with headquarters in Canada, BOXX has global offices in Toronto, Miami, Zurich, Dubai and Mumbai.
BOXX Insurance is an award-winning global cyber protection and insurance provider. We’re not a typical company. That’s by design. We’re serious about making the world a digitally safer place; creating real, positive changes for our clients and partners, and building a lasting legacy, from what we create, inside the BOXX.
Every day we’re improving the digital health of businesses, families and individuals around the world who rely on BOXX’s solutions and services to predict, prevent and insure them against cyber threats.
Media Contact: Sarah Madden, [email protected] 

Photo – https://mma.prnewswire.com/media/2416572/BOXX_Insurance_Cyber_insurtech_BOXX_partners_with_Zurich_Insuran.jpgLogo – https://mma.prnewswire.com/media/2416573/BOXX_Insurance_Cyber_insurtech_BOXX_partners_with_Zurich_Insuran.jpg

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/cyber-insurtech-boxx-partners-with-zurich-insurance-group-in-switzerland-to-introduce-breakthrough-personal-cyber-product-302150416.html

Continue Reading

Artificial Intelligence

Amp Finalises Commercial Agreements for Cape Hardy Advanced Fuels Precinct

Published

on

amp-finalises-commercial-agreements-for-cape-hardy-advanced-fuels-precinct

ADELAIDE, Australia, May 21, 2024 /PRNewswire/ — Amp Energy (“Amp” or the “Company”) announced today it has finalised all required commercial agreements for the development of the Cape Hardy Advanced Fuels Precinct – one of the leading green hydrogen, green ammonia and advanced fuel projects in Australia. The agreements, which were executed with Iron Road Ltd, include the purchase of a 630-hectare parcel of land at Cape Hardy as well as finalised royalty structure and common user infrastructure agreement. Amp will continue to build upon development progress made since announcing the Strategic Framework Agreement with Iron Road Ltd in April 2023 to bring advanced fuel production capacity to Cape Hardy.

The Cape Hardy Advanced Fuels Precinct will provide production at scale with up to 10 GW of planned electrolyser capacity. Development will be structured to initially bring 1 GW online with incremental stages to reach 10 GW of total capacity.   The project will both cater to the domestic Australian market, supporting the Australian Government’s net zero goals, while also featuring global export capabilities.  To facilitate distribution, Cape Hardy will be equipped with Australia’s first purpose-built advanced fuels export terminal.   
Amp has been in discussions to develop the Cape Hardy Advanced Fuels precinct, in collaboration with Iron Road Ltd and The Government of South Australia, for the past two years. During that time, Amp has made significant development progress.  The project’s concept, design, and pre-Front End Engineering Design (FEED) phase have been studied and reviewed by two leading global engineering firms, Arup and Technip Technologies, as Amp targets completion of pre-FEED studies for the first 1 GW electrolyser phase over the next 9 months. FEED scoping and contracting is currently underway ahead of awarding the FEED contract in late 2024 or early 2025.
Desalinated water is to be sourced from the recently announced Northern Water Supply (NWS) seawater desalination plant that will be located at Cape Hardy to meet the project’s demand for electrolyser feed water, cooling water, process plant water, and fire water. Amp is co-funding pre-FID expenditures for the NWS project.
Additionally, Amp is working closely with the Barngarla Determination Aboriginal Corporation RNTBC (“BDAC”).  With continued support from the BDAC, Amp is confident the Cape Hardy Advanced Fuels Precinct will have a meaningful economic impact on the region.  Amp currently estimates this will include approximately 4,000 direct and 6,000 indirect jobs for the first gigawatt of electrolyser capacity alone.
“We are seeing growing demand for Advanced Fuels both in Australia and abroad. This includes green ammonia, liquid hydrogen, methanol, and sustainable aviation fuel. The Cape Hardy Advanced Fuels Precinct will allow for large-scale production of these fuels that will be critical to the energy transition and achieving net zero targets. We could not be more excited about the project’s potential impact, and we are grateful for the partnership and continued support from Iron Road Ltd, the South Australian Government and BDAC as we progress full steam ahead on development” said Paul Ezekiel, Amp President and Co-founder.
Minister for Trade and Investment, Joe Szakacs said “The State Government recognises the strategic importance of the Cape Hardy Advanced Fuels Precinct attracting investment into the state for domestic and export opportunities, as there is an increasing flight to quality for hydrogen projects worldwide.”
About AmpAmp Energy is a global energy transition development platform, which delivers renewables, battery storage, Advanced Fuels and green AI data centers at scale, together with proprietary AI-enabled grid flexibility through its Amp X platform. Since its inception 15 years ago, Amp has developed and built or contracted 14 GW of assets globally. Amp is backed by major investments from institutional capital partners including global private equity firm the Carlyle Group, who has invested over US$440 million. The company has global operations throughout North America, the UK, Australia, Japan, and Spain.
For more information, please visit amp.energy

View original content:https://www.prnewswire.co.uk/news-releases/amp-finalises-commercial-agreements-for-cape-hardy-advanced-fuels-precinct-302150677.html

Continue Reading

Artificial Intelligence

GEEKOM A8 AI PC is now available for €799 and up.

Published

on

geekom-a8-ai-pc-is-now-available-for-e799-and-up.

TAIPEI, May 21, 2024 /PRNewswire/ — The GEEKOM A8, a highly anticipated Next-Gen AI mini PC with an AMD HawkPoint Ryzen 8040 processor, is now available.

The A8 employs a metal housing with rounded corners and anodized matte finish, giving it a gorgeous and stylish look. Having a footprint smaller than the palm of a hand, the mini PC will conveniently fit in all types of desktop arrangement and instantly elevate the aesthetics of any workspace.
There are two variants of the GEEKOM A8, users have the option to choose between two processors from the same AMD HawkPoint family: Ryzen 7 8845HS and Ryzen 9 8945HS. Both chips feature 8 Zen 4 CPU cores, 16 threads, 16MB L3 cache, an AMD Radeon 780M integrated GPU as well as a Ryzen AI Engine NPU, but the Ryzen 9 8945HS is designed to offer slightly better performance, thanks to its higher CPU and GPU frequencies.
With a greatly enhanced NPU, the A8 can execute 60% more AI workloads than mini PCs with last-generation Ryzen 7040 chips, allowing users to embrace a new era of AI computing. For average consumers, the A8 will quickly find answers to all questions and turn texts into images and videos. For business users, the A8 will automatically summarize notes, transcribe calls, and take meeting minutes. For professional content creators, the A8 will bring much faster AI-powered photo editing, quicker video output, and speedier multi-tasking, helping bring the most ambitious ideas to life. With the new IceBlast 1.5 cooling technology, the A8 can stay cool and stable even when tasks are loaded.
Besides its powerful performance, the A8 also offers a wide array of ports, including four USB-A (including three USB3.2 Gen2), two HDMI2.0, a 40Gbps USB4, a multi-function Type-C, an SDXC slot, and a 3.5mm audio jack. Users can choose to connect the mini PC to an eGPU, ultra high-speed portable storage, or up to four 4K displays.
The A8 is now available on GEEKOM’s independent website. The 8845HS and 8945HS variants are priced at €799 and €949 respectively. Regardless of the CPU option, each unit is preinstalled with 32GB dual-channel SO-DIMM DDR5-5600 RAM, a fast 1TB M.2 2280 PCIe4.0*4 SSD, a wireless card that supports WiFi 7 and Bluetooth 5.4, and a licensed copy of Windows 11 operating system.
Photo – https://mma.prnewswire.com/media/2415798/image_5019393_32291715.jpg

View original content:https://www.prnewswire.co.uk/news-releases/geekom-a8-ai-pc-is-now-available-for-799-and-up-302148964.html

Continue Reading

Trending