Artificial Intelligence
Global Autonomous Vehicles Market is anticipated to reach a revenue of US$ 70,331.5 Million by forecast ending 2033 | Future Market Insights, Inc.
NEWARK, Del, July 03, 2023 (GLOBE NEWSWIRE) — In 2023, the autonomous vehicles market is expected to be worth US$ 30,539.0 million. The revenue from sales of autonomous vehicles is anticipated to reach around 70,331.5 million by 2033, growing at a CAGR of 8.7% between 2023 and 2033.
A diverse range of drivers is propelling the rapid growth of the autonomous vehicles industry. One of the key factors is the growing focus on ensuring road safety and the aspiration to minimize mishaps resulting from human fallibility. The utilization of autonomous vehicles presents the possibility of improved safety using sophisticated driver-assistance systems (ADAS) and state-of-the-art sensors that can identify and react to potential dangers with heightened effectiveness compared to human drivers.
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One of the factors contributing to this trend is the increasing need for enhanced transportation efficacy and decreased traffic blockage. The adoption of autonomous vehicles can enhance the efficiency of road networks, diminish traffic buildup, and shorten commute durations through the utilization of cutting-edge tools like live data interpretation, anticipatory formulas, and astute navigation mechanisms. The heightened efficacy may yield a noteworthy influence on conveyance frameworks’ comprehensive output and comfort.
In addition, the increasing emphasis on sustainability and ecological awareness propels the adoption of self-driving electric cars. With the growing apprehension about the impact of climate change and air pollution, it has become imperative to shift towards cleaner transportation alternatives. The adoption of self-driving electric cars presents a promising chance to notably diminish greenhouse gas release, enhance the air’s purity, and foster a more enduring tomorrow.
Although the potential of autonomous vehicles is optimistic, the sector is not immune to obstacles and limitations. The intricate regulatory framework encompassing autonomous vehicle technology poses a significant challenge. With the increasing prevalence of autonomous vehicles, it is imperative to establish uniform standards and regulations to guarantee safety, tackle liability issues, and ascertain accountability in mishaps or glitches. The establishment and execution of resilient regulatory structures will be pivotal in surmounting this impediment.
The autonomous vehicles industry offers a plethora of prospects that can unleash its full capabilities. An immense prospect exists in enhancing and evolving sophisticated AI algorithms and machine learning capabilities. The capacity of autonomous vehicles to swiftly and accurately handle copious amounts of information is imperative for their secure and effective functioning. Investing in AI research and development can lead to breakthroughs in autonomous vehicle technology, enhancing their performance and reliability.
Establishing resilient communication networks, like the advanced 5G technology, and constructing intelligent urban areas equipped with exclusive lanes, charging facilities, and other essential infrastructure will enable the effortless assimilation and functioning of autonomous vehicles. It is imperative to foster partnerships among governmental bodies, tech corporations, and car makers to leverage this prospect and establish a conducive atmosphere for autonomous vehicles.
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Key Takeaways from this Market:
- With a market share of 28.1% in 2033, the United States dominates the autonomous vehicles industry, owing to technological innovation and a favorable regulatory framework.
- Germany occupies a considerable market share of 8.0% in the autonomous vehicles industry, owing to its famous automotive manufacturing base and emphasis on research & development.
- Japan has a significant market share of 9.3% in the autonomous vehicles industry, thanks to its safety-first attitude and cooperation between automakers and technology businesses.
- Australia presently holds a 0.2% market share in the autonomous vehicles industry, with distinct trends centered on autonomous mining operations and urban mobility projects.
- China’s autonomous vehicles industry has a high growth potential, with a value compound annual growth rate (CAGR) of 9.4% in the most recent year.
- With a value CAGR of 8.1% in the most recent period, India shows potential growth in the autonomous vehicles market.
- The United Kingdom has consistently succeeded in the autonomous vehicles industry, with a value CAGR of 6.9% during the period.
What are Key Players Doing to Thrive in this Industry?
The competitive landscape of the autonomous vehicles industry is characterized by intense competition and a diverse range of players vying for market share and technological supremacy. This industry attracts established automotive manufacturers, technology companies, startups and emerging players focused on autonomous driving technologies. Some key players in the autonomous vehicles industry include:
- Tesla: Known for its electric vehicles and advanced autonomous driving features, Tesla has been a pioneer in the industry. Its Autopilot system, combined with a vast network of vehicles collecting data, gives Tesla a competitive advantage in developing self-driving technology.
- NVIDIA: As a leading provider of graphics processing units (GPUs), NVIDIA plays a crucial role in enabling the computational power required for autonomous vehicles. Its AI-focused hardware and software solutions are integral to the development of autonomous driving systems.
- Intel: Intel’s acquisition of Mobileye, a leader in vision-based advanced driver-assistance systems, has bolstered its presence in the autonomous vehicles market. Intel provides essential hardware and software solutions for autonomous driving, positioning itself as a key technology provider.
- Baidu: Known as the ‘Google of China’, Baidu has made significant investments in autonomous driving technology. Its Apollo platform offers an open-source software and hardware ecosystem, enabling collaboration among developers, automakers, and technology companies.
With ongoing advancements in technology, collaborations, and strategic partnerships, the industry is poised for rapid growth and further competition as companies strive to lead the way in the future of transportation.
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Key Segments Covered in this Analysis:
By Level of Automation:
- Driver Assistance
- Partial Automation
- Conditional Automation
- High Automation
- Full Automation
By Application:
- Autonomous Passenger Cars
- Autonomous Public Transportation
- Autonomous Industrial Fleet
- Autonomous Construction
- Autonomous Agricultural Applications
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Table of Content (ToC):
1. Executive Summary | Autonomous Vehicles Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
View Complete ToC of this Report: https://www.futuremarketinsights.com/toc/rep-gb-1526
Explore Wide-ranging Coverage of FMI’s Automotive Landscape:
Hybrid Vehicles Market Share: Is anticipated to grow at a CAGR of 21.6% from 2022 to 2032. The hybrid vehicles market is expected to reach a valuation of US$ 1,362.3 Billion by 2032.
Plug-in Hybrid Electric Vehicles (PHEV) Market Size: Is projected to have a healthy-paced CAGR of 18.5% during the forecast period. The market value of the plug-in hybrid electric vehicles (PHEV) market is anticipated to reach a high of US$ 3,80,665.9 Million by the year 2032.
Advanced Driver Assistance System (ADAS) Testing Equipment Market Demand: Is likely to attain a valuation of US$ 56.4 billion in 2023 and is projected to reach US$ 202.7 billion by 2033, trailing a CAGR of 13.6% during the forecast period.
ADAS Sensors Market Growth: Is expected to boost sales at an impressive 14.1% CAGR over the forecast period, with the market valuation reaching US$ 43.2 Billion by 2030.
Automotive NFC Market Trends: Is expected to reach US$ 35 Billion by 2032 while displaying a CAGR of 30.2% during the timeframe of 2022 to 2032.
Automotive Foams Market Size: Is anticipated to be valued at US$ 38,290.9 million in 2023, forecast to expand at a CAGR of 6.2% to US$ 69,878.1 million from 2023 to 2033.
Electric Vehicle Reducer Market Share: Is anticipated to rise from US$ 1,974.7 million in 2023 to US$ 20,884.9 million in 2033.
Diagnostic Tools for EVs Market Demand: Is expected to develop at an impressive rate of 12.8%. Based on these estimates, the global diagnostic tools for EVs market is expected to reach roughly US$ 5,401.6 million by 2033.
Artificial Intelligence (AI) in Automotive Market Growth: Is set to record a robust CAGR of 55% during the forecast period. The market holds a share of US$ 9.3 billion in 2023 while it is anticipated to cross a value of US$ 744.39 billion by 2033.
Automotive Imaging Radar Market Trends: Is anticipated to expand its roots at a strong CAGR of 23.61% between 2023 and 2033.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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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
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
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
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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