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Artificial Intelligence

Driver Alert System Market to Accumulate Value of US$ 132.16 Billion by 2033-end: Fact.MR

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Rockville, July 03, 2023 (GLOBE NEWSWIRE) — According to a recent report by Fact.MR, the driver alert systems market will be worth US$30.97 billion by 2022, with a stellar CAGR of 15.8% from 2018 to 2022 for demand worldwide. By the end of 2033, the market is expected to grow at a 14.1% CAGR and be worth US$132.16 billion.

Industry companies should benefit financially from recent developments in sensor technology and the growing demand for ADAS (advanced driver assistance systems). Manufacturers of driver alert systems are primarily concerned with driver safety. As a result, sensors and cameras are utilised more frequently to prevent traffic accidents caused by exhaustion and sleepiness.

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Key Driving Forces Accelerating the Market Growth

  • Rising awareness about road safety and the need to prevent accidents is driving the demand for Driver Alert Systems. These systems help in detecting driver fatigue, distraction, and other critical factors that can lead to accidents, thereby enhancing road safety.
  • Government authorities in North America have implemented stringent regulations to ensure road safety. These regulations often require the inclusion of advanced safety features in vehicles, including Driver Alert Systems. Compliance with these regulations is propelling market growth.
    • Sales of driver alert systems in the US are expected to witness a CAGR of 14% and reach US$ 45.33 Bn by 2033.
  • Advancements in sensor technology, artificial intelligence, and machine learning algorithms have significantly improved the capabilities of Driver Alert Systems. These advancements have led to the development of more accurate and reliable systems, increasing their adoption in North America.
  • The growing sales of vehicles in North America are directly impacting the demand for Driver Alert Systems. As more vehicles are equipped with these systems, the market is experiencing substantial growth.

Vital Indicators Shaping the Future of the Industry

  • Continued advancements in sensor technology, artificial intelligence, and machine learning algorithms will shape the future of Driver Alert Systems. Improvements in accuracy, reliability, and the ability to detect and respond to driver fatigue, distraction, and other critical factors will be crucial in driving market growth.
  • The development and adoption of autonomous and semi-autonomous vehicles will have a significant impact on the Driver Alert System market. These vehicles rely heavily on advanced driver assistance systems (ADAS), including Driver Alert Systems, to ensure safe operations. The growth of autonomous and semi-autonomous vehicles will drive the integration and demand for these systems.
  • The future of the Driver Alert System market will be influenced by evolving government regulations and safety standards. As authorities continue to prioritize road safety, there may be increased mandates for the inclusion of advanced safety features, including Driver Alert Systems, in vehicles. Compliance with these regulations will shape the market landscape.
  • Growing consumer awareness about the importance of road safety and the benefits of Driver Alert Systems will play a crucial role in shaping the future of the market. Increased demand from consumers for safer vehicles, coupled with the availability of insurance incentives and discounts, will drive the adoption of these systems.

Challenges hindering the market growth

  • Driver Alert Systems often involve advanced technologies and sophisticated sensors, making them relatively expensive. The high cost of these systems can be a barrier to their adoption, particularly for budget-conscious consumers and fleet operators. Affordability remains a challenge for widespread market penetration.
  • Despite growing awareness about road safety, many consumers still lack adequate knowledge and understanding of Driver Alert Systems. Limited awareness and education about the benefits and functionalities of these systems can hinder their adoption. Efforts to educate consumers and raise awareness about the importance of Driver Alert Systems are needed.

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How competition influences the market

High competition in the market is pushing key companies in the market to focus on new developments and maintaining product standards. These are helpful in providing quality products and strengthening supply chain management systems. Moreover, the intense competition encourages manufacturers to invest in research and development to innovate and differentiate their Driver Alert System offerings. Companies strive to develop advanced features, improved accuracy, and enhanced functionality to gain a competitive edge. This competition drives product innovation and benefits consumers with better options.

  • For instance, in June 2022, Valeo collaborated with BMW Group to provide advanced driver-assisting systems. These systems are composed of driver alert systems. Moreover, it offers an enhanced driving experience while providing information about discrepancies in vehicle surroundings.

Key Companies Profiled

  • Continental AG
  • STONAKM Co. LTD.
  • Daimler AG
  • Delphi Technologies
  • Magna International Inc.
  • DENSO Corporation
  • HELLA GmbH & Co. KGaA
  • Infineon Technologies AG
  • Robert Bosch GmbH
  • Ford Motor Company
  • Faurecia SE
  • Johnson Controls Inc.
  • Nissan Motor Co. Ltd.
  • Magneti Marelli S.p.A.
  • Tata Elxsi
  • Nissan Motor Co. Ltd.
  • Visteon Corporation
  • Valeo SA
  • ZF Friedrichshafen AG

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Segmentation of Driver Alert System Industry Research

  • By Component:
    • Sensors
    • Cameras
  • By Alert:
    • Steering & Seat Vibration
    • Sound Alerts
  • By Type:
    • Fatigue
    • Drowsiness
    • Drunk Driving
  • By Vehicle:
    • Passenger Vehicles
    • Commercial Vehicles
  • By Supplier:
    • OEMs (Original Equipment Manufacturers)
    • Aftermarket
  • By Propulsion:
    • Gasoline-propelled
    • Diesel-propelled
    • Hybrid-propelled
    • Electric-propelled
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

The Driver alert system market report will improve the revenue impact of businesses in various industries by:

  • Providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the Driver alert system market
  • Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global Driver alert system market and offers solutions
  • Assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
  • Provides understanding of disruptive technology trends to help businesses make their transitions smoothly
  • Helping leading companies make strategy recalibrations ahead of their competitors and peers
  • Offers insights into promising synergies for top players aiming to retain their leadership position in the Driver alert system market.

Check out more related studies published by Fact.MR Research: 

ABS Sensors Market: Worldwide demand for ABS sensors is estimated to reach US$ 8 billion by 2029. The global ABS sensors market is projected to expand at a CAGR of 5% over the forecast period.

Automotive Transmission System Market: The global automotive transmission system market size reached US$ 40.83 billion in 2022, according to the latest market study by Fact.MR. Over the projection period (2023 to 2033), worldwide sales of automotive transmission systems are predicted to rise at 6.3% CAGR and climb to US$ 79.95 billion by 2033-end.

Automotive Steering System Market: Automotive steering system market is expected to grow with a CAGR of 4%. The automotive steering system market to reach nearly US$ 23 Billion in 2020. Thus, the market is expected to surpass a CAGR of 4% in the 2021-2031 assessment period, reaching nearly US$ 34 Billion.

Automotive Human Interface System Market: The global automotive human interface system market stands at US$ 28.1 billion in 2023 and is extrapolated to reach US$ 66.5 billion by the end of 2033. Global demand for automotive human interface systems is forecasted to increase at a stellar CAGR of 9% over the next ten years.

About Fact.MR
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Artificial Intelligence

Synthetik Applied Technologies LLC announces development of UrbanScale – a modeling platform for the prediction, characterization, and quantification of extreme urban heat

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AUSTIN, Texas and LONDON, April 30, 2024 /PRNewswire/ — Synthetik Applied Technologies announces the development of UrbanScale, a tool to model and predict effects of extreme heat in urban areas, through a project funded by the National Oceanic and Atmospheric Association (NOAA). The physical characteristics of urban areas amplify heat effects resulting in what are known as urban heat islands — areas where surface temperatures are much higher than their surroundings. The UrbanScale tool addresses this climate peril with sophisticated analytic tools based on physics informed neural networks and cutting-edge machine learning to predict urban heat and help better understand and mitigate the risks associated with these extreme heat events. As a result of climate change, these events are expected to increase, impacting both the people that live in urban areas and the infrastructure on which they depend.

The UrbanScale platform shows significant promise to provide data on the severity of heat islands and their effects to better understand how they impact human health, energy use and damage to physical infrastructure. This information will provide a step-change in capability for government agencies, urban planners, and transportation authorities to direct efforts for mitigation and intervention. In particular, inclusion of demographic information into data pipelines will allow understanding of how urban heat effects may impact vulnerable or disadvantaged populations. Integration with climate forecasts and models will also provide unprecedented capabilities for forecasting risk associated with climate change.
Josh Hatfield, Director of Research and Development at Synthetik, said:
‘We are extremely grateful for the opportunity to study such an important issue. Extreme heat is already the largest cause of weather-related fatalities in the US, and climate change will only increase the importance of understanding heat in urban environments. Helping to meet that challenge fits directly into Synthetik’s mission.’
Synthetik COO Tim Brewer commented:
‘The UrbanScale tool will allow both our government and insurance partners to better characterize the risk of extreme heat in urban centers and promises to deliver critical insight on the way these events impact energy demands. We look forward to exploring its wide-ranging applications.’
Synthetik plans further development of UrbanScale with NOAA and other partners in the public and private sector.
For all inquiries: Contact Synthetik Applied Technologies PR [email protected] 
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Artificial Intelligence

GLiNTECH – a Valiantys company, wins Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH declared Finalists for Team Excellence and ITSM Solutions

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PARIS, April 30, 2024 /PRNewswire/ — Atlassian announced today that GLiNTECH – a Valiantys company has won the Atlassian Partner of the Year 2023 Services (APAC) award. Valiantys and GLiNTECH were further declared finalists for the Team Excellence and ITSM Solutions awards, respectively.

 
This is an acknowledgement of their outstanding work for Atlassian customers during the calendar year 2023. This includes exceptional efforts in developing new business and driving innovative solutions for customer success.
“Our industry leading partners play a vital role in our customers’ continued success. We’re honored to highlight our top partners as award finalists this year, reflecting their ongoing commitment to delivering innovative solutions and unparalleled Atlassian services globally,” said Ko Mistry, Atlassian’s Head of Global Channels.
“We are delighted to be named as finalists for these awards from Atlassian, and we are particularly proud to celebrate GLiNTECH’s achievement in winning the Services (APAC) award.” said Emmanuel Benoit, Global Chief Executive Officer, Valiantys. “At Valiantys, embracing diversity of thought and challenging the ways our teams work has always provided Valiantys with a competitive edge to consistently deliver tangible results and value. We look to the future with unwavering determination and confidence as we continue to drive innovation and unlock potential for our customers around the globe.”
“We dedicate our IT Consulting Services and Custom Solutions to fulfilling our customers’ needs for success,” commented Dimitri Spyridopoulos, Chief Executive Officer GLiNTECH – a Valiantys company. “It’s an honor to be recognized by Atlassian as a finalist in two categories that reflect these efforts: Services and ITSM Solutions, and to be declared as winner for the Services award (APAC).”
For more information regarding this Press Release, contact: [email protected]
About Valiantys
Valiantys is a leading global consulting and services firm dedicated to Atlassian. The company accelerates business transformation by digitizing processes and modernizing teamwork, using the best agile methods and tools. Its Atlassian technical expertise is unparalleled and Valiantys supports its customers across the entire spectrum of projects on those platforms. As a recognized Agile at Scale, ITSM, and Cloud Specialized Partner, Valiantys help organizations accelerate time to value with Agile at scale, cloud, and ITSM implementations. Because teamwork requires more than just tools, the firm bridges the gap between applications and strategic practices such as SAFe® and ITIL. Over the last 15 years, Valiantys has helped more than 5,000 customers achieve their desired business outcomes at a reduced time to value, through improved team collaboration. More information about Valiantys can be found at https://www.valiantys.com/
About GLiNTECH – a Valiantys Company
GLiNTECH is a renowned Atlassian Platinum Partner headquartered in Australia and is the preferred choice for over 300 leading brands. The company has amassed more than 20 years of experience servicing enterprise clients across the Asia Pacific region, earning Atlassian Partner of the Year five times, including most recently for Professional Services. GLiNTECH is recognized as a Specialized Atlassian Cloud and ITSM partner. The company offers deep expertise in Licensing, Training, Support, Managed Services, Consulting, and Agile methodologies and has a proven record in providing reliable solutions while driving success within the Atlassian ecosystem. More information about GLiNTECH can be found here: https://www.glintech.com/
GLiNTECH was acquired by Valiantys in February 2024.
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Artificial Intelligence

Nillion is pleased to announce that Dwinity, a team pioneering decentralized AI has joined as an ecosystem partner

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ZUG, Switzerland and MUNICH, April 30, 2024 /PRNewswire/ — With huge amounts of personal data being collected every day, privacy concerns are escalating as the impact of data breaches become more costly. The need to address the problems created by the existing data economy have never been greater. By empowering users to reclaim control, Dwinity aims to unlock an enormous amount of potential for personal data to enhance various industries like healthcare, insurance, and finance.

About Dwinity
Dwinity’s mission is to give power back to users and to create a thriving data economy in which information asymmetry is finally removed. Dwinity enables a decentralized data economy as well as creates a data ownership driven ecosystem for storage, analysis, exchange, and commercialization of sensitive personal data.
The three components of Dwinity are:
Data control: Decentralized data spaces for decentralized data storage which provides true data sovereignty and enables users to decide with whom data is shared.Data Gold: Decentralized AI tools for each data space have the capability to unlock the full potential of data via sophisticated analysis.Data Cash: A fair marketplace with automated data value analysis, allowing for tangible income for data owners at lower costs and completely anonymous.Dwinity is presently closing its initial seed round at USD 3 MN – funds which will be used for the development of the initial prototypes to hit the market already in 2024.
About Nillion
Nillion is humanity’s first Blind Computer. It is powered by a decentralized network of nodes that enables “Blind Computation” through the coordination and orchestration of privacy enhancing technologies (PETs) such as multi-party computation (MPC), fully homomorphic encryption (FHE) and zero-knowledge proofs (ZKP). Nillion believes Blind Computation will become the internet’s base layer for all private data as PETs continue to mature. Nillion has attracted a notable initial cohort of Blind Computation builders across AI, DeFi, medical data, custody, wallets, global identity, messaging and more.
The Nillion development company, Nilogy, was incubated by CoinList’s seed program. Nilogy’s Founding CTO was the Founding Engineer of Uber (Conrad Whelan), the Chief Strategy Officer was the Founding CMO of Hedera Hashgraph (Andrew Masanto), the Chief Business Officer is the Founder of Indiegogo (Slava Rubin), the General Counsel was the Associate General Counsel of Coinbase (Lindsay Danas Cohen), along with builders hailing from Consensys, LayerZero, Polygon and Google.
“This is a major step on our way to building the leading ecosystem for sensitive data together with one of the top players in the market for the handling of such valuable data. We are looking forward to the cooperation which will add significant trust and competence to both initiatives”, said Peter Koenig, CEO of Dwinity.
Picture is available at AP
Contact for this publication: Christian Mangold [email protected]

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