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Acoustic Vehicle Alert System Market to Reach $1.95 Billion, Globally, by 2032 at 12.6% CAGR: Allied Market Research

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Allied Market Research published a report, titled, “Acoustic Vehicle Alert System Market by Propulsion Type (Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV)), and Vehicle Type (Passenger Vehicle, Two-Wheelers, Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global acoustic vehicle alert system industry size generated $0.65 Billion in 2022, and is anticipated to generate $1.95 Billion by 2032, witnessing a CAGR of 12.6% from 2023 to 2032.
(We are providing acoustic vehicle alert system industry report as per your research requirement, including the Latest Industry Insight’s Evolution, Potential and Russia-Ukraine War Impact Analysis)

125 – Tables
46 – Charts
267 – Pages

Download Sample Report and Table of Content – https://www.alliedmarketresearch.com/request-sample/A274060
Prime Determinants of Growth
The global acoustic vehicle alert system market has experienced significant growth and transformation, driven by surge in government regulation, technological advancement, and rise in demand for electric vehicles.
Report Coverage and Details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size In 2022

$653.02 Million

Market Size In 2032

$1,959.02 Million

CAGR

12.6 %

No. Of Pages in Report

278

Segments Covered

Propulsion Type, Vehicle Type, And Region.

Drivers

Surge In Government Regulation
Technological Advancement

Opportunities

Rise In Demand for Electric Vehicles

Restraints

Integration Complexity of AVAS System

The Battery Electric Vehicle (BEV) segment to maintain its leadership status during the forecast period
By propulsion type, the battery electric vehicle (BEV) segment held the highest market share in 2022, and is expected to maintain the highest CAGR of 13% during the forecast period 2023 to 2032, due to stringent government regulations to reduce carbon emissions along with rise in inclination toward electric mobility globally. However, the plug-in hybrid electric vehicle (PHEV) segment is projected to witness a CAGR of 12.1% from 2023 to 2032, as consumers prefer fuel efficient vehicles along with environmental concerns.
Strategic Advances in the AVAS Sector: Key industry players employ diverse strategies like acquisitions, agreements, expansions, partnerships, contracts, and product launches to fortify their market standings.

In April 2022, Honda Motors unveiled a new e-HEV hybrid vehicle in India, introducing an Acoustic Vehicle Alerting System (AVAS) activated during low-speed EV Mode.
Maruti Suzuki, India’s largest automaker, aims to launch its initial electric vehicle by late 2025. The company plans not only to manufacture electric vehicles domestically but also to initiate lithium-ion battery production, currently reliant on imports. These endeavors contribute to the comprehensive analysis of the acoustic vehicle alert system market.

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The passenger vehicle segment to maintain its leadership status during the forecast period
By vehicle type, the passenger vehicle segment held the highest market share in 2022 and is estimated to maintain its leadership status during the forecast period with a CAGR of 12.9%, owing to rise in purchasing power and disposable income, increased brand visibility, and competition among OEMs to provide enhanced features. However, commercial vehicles segment is witnessing a CAGR of 11.8%, owing to increased logistics and transportation along with surge in e-commerce.
Asia-Pacific to Maintain its Dominance by 2032
Region-wise, Asia-Pacific held the highest market share in terms of revenue in 2022 witnessing a CAGR of 12.1%, owing to the growing interest in vehicles that combine fuel efficiency, high performance, and low emissions. Moreover, stringent regulations on vehicle emissions, and escalating fuel prices further contribute to the market growth. However, the Latin America is expected to witness the highest CAGR of 14.6% from 2023 to 2032, owing to the shift towards sustainability and environmental consciousness.
Key Highlights of the Acoustic Vehicle Alert System Market Report:
The market study delves into 14 countries, offering a comprehensive analysis. It entails regional and segment evaluations for each country, providing insights into values ($million) throughout the forecasted period from 2023 to 2032. The research amalgamates top-tier data, professional insights, analyses, and crucial independent perspectives. The approach is meticulously crafted to furnish a well-rounded perspective on global markets, aiding stakeholders in informed decision-making to attain their ambitious growth objectives. The comprehensive review encompasses the scrutiny of over 3,700 product literature pieces, annual reports, industry declarations, and comparable materials from major industry participants, ensuring a nuanced understanding of the market landscape.
Procure Complete Research Report (PDF with Qualitative and Quotative Data, Insights, Statistics, Tables, Charts, Figures) – https://www.alliedmarketresearch.com/acoustic-vehicle-alert-system-market/purchase-options
Leading Market Players: –

Continental AG
STMicroelectronics
HELLA GmbH & Co. KGaA
Mercedes-Benz AG
Brigade Electronics Group PLC
HARMAN International
Honda Motor Company
Kendrion N.V.
Soundracer AB
Maruti Suzuki India Ltd.

The report provides a detailed analysis of these key players in the global gear bicycle market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Sainsbury’s aims to be an ‘AI-enabled grocer’ with Microsoft AI technology

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Sainsbury’s, a prominent UK supermarket chain, is set to leverage Microsoft’s artificial intelligence and machine learning tools to elevate its store operations and provide customers with a more engaging and convenient shopping experience.
As part of its strategic initiative, the ‘Next Level Sainsbury’s strategy’, the supermarket will integrate generative AI, powered by Microsoft Azure, to enhance its online shopping platform and optimize customers’ search experience. By harnessing AI capabilities, Sainsbury’s aims to offer a more interactive and personalized online shopping journey for its millions of customers across the UK.
In addition to enhancing the online shopping experience, Sainsbury’s plans to equip its store colleagues with real-time data and insights to streamline in-store processes such as shelf replenishment. Leveraging multiple data inputs, including shelf-edge cameras, AI technology will guide colleagues on prioritizing restocking activities, thereby improving efficiency and productivity.
Over the next five years, Sainsbury’s will deploy Microsoft Azure to implement these initiatives, integrating data assets with Microsoft 365 collaboration tools to drive innovation and operational excellence.
Clodagh Moriarty, Chief Retail and Technology Officer at Sainsbury’s, expressed confidence in the collaboration with Microsoft, emphasizing its role in accelerating the supermarket’s ambition to become the UK’s leading AI-enabled grocer. Moriarty highlighted the strategic investment in transformative capabilities, aimed at enhancing efficiency, productivity, and customer service while delivering value to shareholders.
Clare Barclay, CEO of Microsoft UK, commended Sainsbury’s visionary approach, noting its commitment to placing AI at the forefront of its business strategy. Barclay expressed enthusiasm for the collaboration, emphasizing its potential to revolutionize the retail experience for both customers and store colleagues.
The partnership between Sainsbury’s and Microsoft signifies a significant step towards ushering in the next generation of retail, powered by innovative AI-driven solutions.
Source: technologyrecord.com
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Researchers build AI-driven sarcasm detector

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Artificial intelligence has made remarkable strides, from passing bar exams to reading bedtime stories with emotion. Yet, despite these feats, it still falls short of matching the intricate nuances of human communication—particularly, the art of sarcasm.
However, researchers in the Netherlands are determined to change that narrative. They have developed an AI-driven sarcasm detector that can discern when sarcasm is being used, a feat previously thought to be exclusive to human cognition.
Matt Coler, from the University of Groningen’s speech technology lab, expresses excitement about the project’s progress. He emphasizes the importance of understanding sarcasm, a pervasive aspect of human discourse, to facilitate seamless communication between humans and machines.
Recognizing sarcasm poses challenges due to its subtlety, especially in text-based interactions where cues like tone and facial expressions are absent. To overcome this, researchers trained their AI using a combination of text, audio, and emotional content from popular sitcoms like Friends and The Big Bang Theory.
The AI, trained on annotated data from these shows, demonstrated an impressive ability to detect sarcasm in unlabelled exchanges from the sitcoms, achieving an accuracy rate of nearly 75%. Further enhancements are underway, including incorporating visual cues like eyebrow movements and smirks, to improve accuracy even more.
Beyond enhancing interactions with AI assistants, this technology holds potential for detecting negative language and identifying instances of abuse or hate speech. However, as AI becomes more adept at understanding sarcasm, questions arise about its potential to wield sarcasm itself.
Coler muses about the implications of machines responding with sarcasm, raising concerns about clarity in communication. Nonetheless, advancements in AI-driven sarcasm detection offer promising prospects for improving human-machine interactions and bridging the gap between artificial and human intelligence.
Source: theguardian.com

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AI, bias and experiments: how Women in News is tackling tech’s inbuilt stereotypes

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Issues surrounding bias in AI are deeply rooted in the accuracy, trustworthiness, and quality of data, which, if overlooked, can significantly skew outcomes. Lyndsey Jones, an AI author and transformation coach, delves into these concerns, offering valuable insights for newsrooms on monitoring and reviewing data.
Madhumita Murgia, an AI journalist and the first artificial intelligence editor of the Financial Times, sheds light on how women, migrants, precarious workers, and minority groups are disproportionately affected by the technical limitations of Generative AI. Murgia emphasizes the lack of representation of these groups in the development process of AI technologies, highlighting the need for inclusive participation.
WAN-IFRA Women In News workshops on the Age of AI in the newsroom have brought bias effects to the forefront. Through the Digital ABCs training program, media professionals are equipped with skills to navigate the digital landscape and drive organizational change.
A newly launched module focuses on AI, with over 100 participants in eastern Europe taking part, now extended to journalists in parts of Africa, the Middle East, and Southeast Asia. Instances of bias surfaced during the training, such as generating offensive avatars and misinterpretation of accents in AI tools.
Google CEO Sundar Pichai’s acknowledgment of biased AI tools reflects ongoing concerns in the industry. Timnet Gebru’s dismissal from Google for highlighting biases further underscores the need for vigilance in addressing these issues.
Diverse teams in WIN’s Age of AI program are experimenting with various tools like fact-checking and enhancing staff skill sets in AI usage. Projects under consideration for further EU funding include a video lab for content amplification and an AI avatar for journalist safety.
Media companies must ensure diverse staff collaboration when testing AI tools. Quotas for women in AI research and cross-border partnerships may be necessary for smaller media groups to compete effectively.
Journalists can take steps to improve content quality by examining storytelling practices and ensuring diversity in sources and representation. Consistency of data collection across departments and assessing biases in data sets are crucial for ethical AI usage in journalism. Ultimately, AI tools should be used to enhance journalism’s quality and integrity, rather than generating clickbait or misinformation.
Source: wan-ifra.org

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