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EV Connector Market worth $10.9 billion by 2030 – Exclusive Report by MarketsandMarkets™

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EV connector market is projected to grow from USD 2.0 billion in 2023 to USD 10.9 billion by 2030, registering a CAGR of 27.1%, according to a new report by MarketsandMarkets. EV connectors for high-voltage systems and need of miniaturization, weight reduction, and high-performance materials, and a surge in data transmission and complex systems for ADAS, battery management, vehicle lighting and autonomous driving, demanding high-bandwidth and low-latency EV connectors. Electric vehicles (EVs) are rapidly using advanced driver-assistance systems (ADAS) and autonomous driving technologies, which require connectors to handle the massive data flow. This gives connector manufacturers even more chances to advance technologically and meet the constantly changing demands of the electric revolution.
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Browse in-depth TOC on “EV Connector Market“.
275 – Tables66 – Figures       289 – Pages
EV Connector Market Scope:

Report Coverage

Details

Market Size

USD 10.9 billion by 2030

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Growth Rate

CAGR of 27.1%

Largest Market

Asia Pacific

Market Dynamics

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Drivers, Restraints, Opportunities & Challenges

Forecast Period

2023-2030

Forecast Units

Value (USD billion)

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Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By System Type (Sealed, Unsealed), Application (ADAS and Safety, Battery Management System, Body Control and Interiors), Propulsion (BEV, PHEV, FCEV), Voltage, Connection Type, Component and Region – Global Forecast to 2030

Geographies Covered

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Asia Pacific, Europe, and North America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Growing incorporation of Electrical/Electronic (E/E) architecture

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Key Market Drivers

Advancements in infotainment systems and in-vehicle connectivity

“Engine management and powertrain application is expected to show a significant growth rate during the forecast period.”
The engine management and power train segment is projected to register a CAGR of 24.3% during the forecast period. The engine management system in a PHEV is responsible for controlling the operation of the engine, including the ignition, fuel injection, and emissions control systems. The engine management system also coordinates the engine’s operation with the electric motor and battery to provide optimal performance and efficiency. The powertrain in a PHEV typically consists of an internal combustion engine (ICE), an electric motor, and a battery. The ICE and electric motor are connected to the transmission, which drives the wheels. A PHEV’s engine management system and powertrain are designed to work together to provide optimal performance and efficiency. High-voltage battery connectors transmit high-voltage DC power from the battery pack to the electric motor and other high-voltage components. Fuel injector and spark plug Connectors deliver fuel and ignition signals to the engine cylinders, ensuring proper combustion. ECU connectors transmit data from various engine sensors to the ECU, allowing it to monitor and control engine performance. Power Control Unit (PCU) connectors transmit data from the electric motor and battery to the PCU, allowing it to manage the electric powertrain system.
“Board – to – Board connection system to hold largest market share during the forecast period.”
Board-to-board connectors play a critical role in high-end applications within electric vehicles (EVs), contributing to advanced electronic systems’ overall performance, reliability, and functionality. In high-end EV applications, these connectors are essential for high-speed data transmission, battery management systems for high-capacity batteries, complex sensor networks for autonomous driving, high-resolution displays, infotainment systems and others. Board-to-board connectors dominate within electronic modules due to their compact size and ease of integration. The trend is towards miniaturization and increased integration, which could lead to higher adoption of board-to-board connectors in near future.  Also, the inclination of users toward high-tech applications OEMs are offering advanced applications such as human machine interface (HMI), airbag control, adaptive cruise control, and auto-park assist, which creates the demand for connectors to be used in new automotive systems. OEMs such as BMW (Germany), Audi (Germany), Mercedes-Benz (Germany), and Volkswagen AG (Germany) offer this high-end application in their vehicle models such as BMW iX, Audi e-tron GT, Mercedes-Benz EQC and Volkswagen ID.4 among others. All such high-end application requires to be connected by board – to – board connection. Thus, growing demand for high-end applications is estimated to drive the EV connector industry. With the changing demands of passengers and OEMs, new and advanced applications are expected to penetrate the market.
“North America will be the prominent growing market for EV connectors during the forecast period.”
North America is a regional hub for many renowned OEMs delivering quality, high-performance vehicles. In North America, OEMs like Tesla and GM focus on developing cleaner, faster, and high-performance electric vehicles. Nissan, BMW, Volkswagen, and Daimler are the leading OEMs in the US that have launched electric vehicles in the region. The top-selling electric vehicles in the US are Chevy Volt, Tesla Model S, Nissan Leaf, and Ford Fusion Energy PHEV. Along with OEMS, EV connector manufacturers such as TE Connectivity (Switzerland), Amphenol (US), Samtec (US), and Huber+Suhner (Switzerland), among others, are present in the Region. Various services offered by electric vehicle infrastructure providers have increased the adoption rate of electric vehicles in US. Tesla, Ford Motors, and General Motors have included some ADAS features as standard in their EVs. For instance, Tesla Model 3 & Model Y offer ADAS features such as adaptive cruise control, lane centering, and automatic lane changes. Additionally, in July 2022, Cadillac Lyriq a luxurious SUV by General Motors was launched with super cruise system, which allows hands-free driving on mapped highways. It also features a high-resolution, curved OLED display spanning the instrument cluster and infotainment system for an immersive driving experience. The EV connector market growth in North America is expected to be significant due to the rise in EV sales and connectivity-based applications, including autonomous driving, connected services, ADAS, high-end infotainment, and powertrain solutions. As technology becomes more widely available and affordable, more consumers in this region purchase vehicles with ADAS features. This has led to a rise in demand for these systems and an increase in the number of electric vehicles equipped with ADAS. Thus, the demand for EV connectors will also increase with the rising sales of EVs, increased adaptation of ADAS, high-end infotainment, and powertrain solutions.
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Key Market Players:
The major players in EV Connector Companies include TE Connectivity Ltd. (Switzerland), Aptiv PLC (Ireland), Yazaki Corporation (Japan), Molex LLC (US), and Sumitomo Electric Industries Ltd. (Japan).
Recent Developments

In November 2023, Japan Aviation Electronics Industry, Ltd. released the MX81 Series, a non-waterproof compact connector for in-vehicle electronic devices such as ECUs, lighting, sensors, and other in-vehicle applications.
In September 2023, Yazaki Corporation (Yazaki) announced that Yazaki Egypt had purchased an area of 67,000 square meters in the Fayoum investment-free zone to expand the production of wire harnesses and electrical systems.
In August 2023, Sumitomo Electric Wiring Systems announced investing approximately USD 10.0 million in manufacturing harnesses, becoming the first tier 1 automotive company to establish operations in Tabasco, Mexico.
In April 2023, Hirose Electric Co., Ltd. and TraceParts partnered to release more than 10,000 ready-to-use 3D models for Hirose’s PCB mountable connectors.
In March 2023, KYOCERA AVX added new four- and five-position models to its 9176-700 Series of IDC connectors for 18–24AWG wire, designed to fulfill the demand requirements of automotive, transportation, industrial, lighting, and medical applications.

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Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting
Related Reports:
EV Charging Cable Market – Global Forecast to 2030
EV Charging Connector Market – Global Forecast to 2025
EV Cables Market – Global Forecast to 2028
EV Charging Station Market – Global Forecast to 2027
The post EV Connector Market worth $10.9 billion by 2030 – Exclusive Report by MarketsandMarkets™ appeared first on HIPTHER Alerts.

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60% of finance professionals plan to leave the sector as they advise Gen-Z to look for job opportunities elsewhere

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Medius research has found 60% of financial professionals are looking for a new job outside of the sector, as employees say the profession hasn’t kept pace with changing expectations. When asked if finance professionals would recommend a job in the sector to Generation-Z (those born between 1996 and 2010), 60% of respondents said they wouldn’t recommend it to the younger generation. The reason why? According to those in the sector, other fields now offer better compensation (53%), they’ve experienced high levels of burnout and poor work-life balance (53%), and a career in finance offers less security and stability than in previous years (38%).
Administrative responsibilities and repetitive tasks are two issues which are blighting the profession. 87% of finance pros say they are responsible for replying to vendor emails, taking up 8 hours per week. Additionally, 92% are responsible for approving invoices, with most saying they approve 13 invoices per day.
The new findings released today by fintech, Medius, paint a worrying picture for business leaders in terms of both talent recruitment and retention.
Paul Ellis, UK MD, Medius says: “The new findings released today highlight a concerning trend for finance professionals, with many considering employment options in other sectors. Our data also found that only 25% recommend a job in finance to Gen-Z. Burnout, poor work-life balance, and better opportunities elsewhere are all driving this trend.”
Zeeshan Malik, an ex-finance professional says: “Having first hand experience in the finance sector’s highly bureaucratic environment, these findings deeply resonate with me. Although the work was important, it involved repetitive and mundane tasks, unfortunately for which the compensation was subpar. The relentless pressure and overwhelming hours often left me and my colleagues struggling to maintain a work-life balance, leading to severe burnout. My decision to leave finance was driven by the pursuit of a healthier, more fulfilling life. The industry must adapt to modern workplace expectations and undergo significant changes to retain its talent and appeal to the next generation, or it risks losing young professionals like myself.”
As financial professionals leave the sector, businesses are left worryingly vulnerable to fraud. 44% of finance professionals say their finance team alone is responsible for protecting the business against fraud, while 44% report invoice fraud as the most common type of fraud their business faces.
Furthermore, the survey found that businesses dealt with approximately 13 cases of invoice fraud each year, and when asked to quantify the financial loss to their business, financial professionals estimated it came to an average of £104,000 in the UK and $93,000 in the US.
A professional exodus also leaves businesses vulnerable to compliance issues and reduced operational efficiency. For instance, 33% of invoices require manual intervention despite current automation efforts, and 19% of finance professionals are unable to close their books on time, with the principal issue being paying supplier invoices.
However, it’s not all doom and gloom. As HR functions and operations address recruitment and retention for finance professionals, positives can also be found in the use of technology. As AI and automation is implemented across businesses, 54% say they have more time for innovative strategies, and 93% are satisfied with their organization’s adoption of AI.
For more information on finance teams and to read the full Financial Census report visit https://www.medius.com/financial-census/.
The post 60% of finance professionals plan to leave the sector as they advise Gen-Z to look for job opportunities elsewhere appeared first on HIPTHER Alerts.

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Bybit Web3 and Ignition Join Forces to Bridge the Gap Between Bitcoin and Ethereum

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Bybit, the world’s second-largest web3 platform by trading volume, breaks down barriers between Bitcoin and the Ethereum Virtual Machine (EVM) ecosystems with its partnership of Ignition. Supported by core contributors Mantle and Antalpha Prime, Ignition is paving the way for a low-friction and interoperable future. It extends Bitcoin’s functionality beyond its traditional role as a store of value and transforms it into a reliable asset for cross-chain integrations and diverse yield opportunities.
Bybit Web3 Wallet will support FBTC, an omnichain Bitcoin asset pegged 1:1 to BTC, introduced by Ignition. This strategic collaboration empowers users to unlock the full potential of Bitcoin within the thriving EVM ecosystem, reflecting Bybit Web3’s philosophy of openness, simplicity, and equality.
“We are thrilled to partner with Ignition, which aligns with Bybit’s mission to provide users with innovative and seamless DeFi solutions. By integrating Ignition and FBTC, we are not only enhancing liquidity and interoperability but also paving the way for a more inclusive and dynamic crypto ecosystem,” added MK Chin, Bybit Web3 Evangelist.
FBTC: Bridging the Divide between Bitcoin and non-Bitcoin Ecosystems in Web3
Introduced by Ignition, FBTC is an omnichain Bitcoin asset pegged 1:1 to BTC aimed at elevating Bitcoin’s accessibility and utility. As a secure, decentralized, and composable liquid Bitcoin asset with deep liquidity, $FBTC can be used at scale and easily integrated into various yield enhancement strategies like liquidity pooling, collateral, and staking.
Under Ignition, $FBTC’s growth will be driven by a comprehensive roadmap and strong developer support, ensuring its long-term success and sustainable growth.
Bybit Web3: A Partnership for Enhanced DeFi and User Opportunities
Bybit is at the forefront of adopting the Ignition ecosystem, reinforcing Bybit’s commitment to pioneering innovative solutions for the crypto community. Bybit Web3 users will now have access to a multitude of products and opportunities within the burgeoning Ignition space.
This integration unlocks a range of benefits for users:

Enhanced Liquidity: FBTC opens the door to increased liquidity, allowing users to trade and invest in Bitcoin with greater ease within the EVM ecosystem.
Diverse Yield Opportunities: Users can explore a variety of attractive yield-generating strategies with FBTC, maximizing the earning potential of their Bitcoin holdings.
Seamless Interoperability: FBTC bridges the gap between various blockchain networks, ensuring users can move their assets freely and efficiently.

Coming Soon: Swap and Staking on FBTC
Bybit Web3 users can look forward to using their Bybit Web3 Wallet to swap and stake on FBTC in the later half of July. For more information, please visit: https://www.bybit.com/en/web3/home
#Bybit / #TheCryptoArk / #BybitWeb3
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“Salvează o inimă” Association innovates fundraising campaigns by integrating AI into its workflow

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“Salvează o inimă” Association launches an innovative project that integrates artificial intelligence technologies to support and streamline fundraising campaigns for children with extremely serious medical conditions. The project aims to address the need to provide prompt and efficient assistance to families who need to urgently pay for expensive and complex surgery and medical treatments, without which the lives of the patients would be put at risk.
The NGO uses artificial intelligence to optimize fundraising processes by maximizing the impact of each donation. The “Salvează o inimă” Association has developed an app that integrates directly with banks, through so-called bank APIs. Thus, those who choose to help a sick child and donate directly from the app receive instant transaction confirmations by email or SMS. Using real-time updated data, the new system creates personalized thank you messages using ChatGPT, improving the relationship with donors.
“Artificial intelligence helps us make a real-time analysis of the situation in order to make rapid adjustments to the fundraising strategy, but it also allows us to offer donors information about the efficiency of the campaigns they have contributed to,” Vlad Plăcintă, president of the “Salvează o inimă” Association said.
This way, the entire fundraising process is transparent, verifiable and, above all, secure. The algorithms used by artificial intelligence analyze transaction patterns to identify unusual or potentially fraudulent activities, immediately alerting the relevant staff.
“Integrating artificial intelligence into our fundraising activities is an essential step to ensure that every child gets a chance at a healthy life. With the help of technology, we are more efficient, more transparent and we can mobilize the community in an unprecedented way,” Vlad Plăcintă, president of the “Salvează o inimă” Association added.
The project is supported by trusted partners, including technology companies from the insurance or health sectors. The “Salvează o inimă” Association is a non-profit organization dedicated to supporting children with serious medical conditions through fundraising campaigns. Its mission is to offer children and their families the chance at life-saving medical treatments and to raise awareness of these critical illnesses.
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