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nmsc-market-pulse · 17 days

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Self-Driving Cars and Trucks Market: Navigating the Future of Autonomous Vehicles

Introduction:

According to the study by Next Move Strategy Consulting, the Self-Driving Cars and Trucks Market size is predicted to reach USD 2.62 billion by 2030 with a CAGR of 11.7% by 2030.

In recent years, the concept of self-driving cars and trucks has shifted from the landscape of science fiction to a tangible reality, reshaping the landscape of transportation as we know it. With advancements in artificial intelligence (AI), sensor technology, and connectivity, autonomous vehicles have emerged as a transformative force, promising to revolutionize how we move people and goods from one place to another.

This article explores the burgeoning self-driving cars and trucks market, delving into the technological innovations, market dynamics, regulatory challenges, and societal implications that shape the future of autonomous vehicles.

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Technological Advancements Driving the Self-Driving Cars and Trucks Market:

The rapid evolution of technology lies at the heart of the self-driving cars and trucks market. At the core of autonomous vehicles are sophisticated AI algorithms that enable them to perceive and interpret their surroundings, make decisions in real-time, and navigate complex environments with precision and efficiency.

One of the key technologies driving the advancement of self-driving cars and trucks is LiDAR (Light Detection and Ranging). LiDAR sensors emit laser pulses to measure distances to objects, creating high-resolution 3D maps of the vehicle's surroundings. Combined with radar, cameras, and GPS, LiDAR enables autonomous vehicles to detect and track other vehicles, pedestrians, and obstacles, allowing them to safely navigate roads and highways.

Furthermore, advancements in machine learning and deep learning algorithms have enhanced the capabilities of autonomous vehicles to recognize and respond to dynamic traffic scenarios. By continuously analyzing vast amounts of data collected from sensors and cameras, self-driving cars and trucks can adapt to changing road conditions, anticipate potential hazards, and make split-second decisions to ensure the safety of passengers and pedestrians.

Market Dynamics and Growth Prospects:

The self-driving cars and trucks market is characterized by rapid innovation, intense competition, and shifting consumer preferences. Major automotive manufacturers, technology firms, and startups are vying for market share, investing billions of dollars in research and development to bring autonomous vehicles to market.

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One of the primary drivers of growth in the self-driving cars and trucks market is the demand for safer, more efficient transportation solutions. With traditional vehicles plagued by human error, which is a leading cause of accidents on the road, autonomous vehicles offer the promise of significantly reducing the risk of collisions and fatalities. As a result, consumers, fleet operators, and policymakers are increasingly embracing autonomous technology as a means to enhance road safety and improve traffic flow.

Moreover, the potential economic benefits of self-driving cars and trucks are driving widespread adoption across various industries. In the logistics sector, autonomous trucks hold the promise of reducing transportation costs, optimizing delivery routes, and increasing the efficiency of supply chains. Similarly, in the ride-sharing and mobility-as-a-service (MaaS) industry, autonomous vehicles offer the potential to lower operating expenses, improve vehicle utilization rates, and enhance the overall customer experience.

However, despite the immense potential of the self-driving cars and trucks market, several challenges and barriers to adoption remain. Chief among these is the regulatory landscape, which varies significantly from one jurisdiction to another. While some countries and regions have embraced autonomous technology with open arms, others have adopted a more cautious approach, implementing stringent regulations and testing requirements to ensure the safety and reliability of autonomous vehicles.

Furthermore, ethical considerations surrounding autonomous vehicles, such as liability in the event of accidents and the moral implications of algorithmic decision-making, pose complex challenges that must be addressed. Additionally, concerns about data privacy and cybersecurity loom large, as autonomous vehicles rely heavily on interconnected systems and communication networks, raising the specter of potential cyber threats and vulnerabilities.

Societal Implications and Ethical Considerations:

The widespread adoption of self-driving cars and trucks is poised to have far-reaching societal implications, reshaping how we live, work, and interact with our environment. On the one hand, autonomous vehicles hold the promise of greater mobility and accessibility for individuals with disabilities, elderly populations, and underserved communities, enabling them to access essential services and participate more fully in society.

On the other hand, the rise of autonomous vehicles raises questions about the future of employment, as millions of workers employed in transportation-related industries face the prospect of job displacement. Truck drivers, taxi drivers, and delivery personnel are among those most at risk of automation, prompting concerns about unemployment, income inequality, and the need for workforce retraining and reskilling programs.

Moreover, the ethical considerations surrounding autonomous vehicles are complex and multifaceted, touching on issues of human dignity, justice, and accountability. In the event of an unavoidable accident, how should self-driving cars prioritize the safety of passengers versus pedestrians? Who should bear responsibility for accidents caused by autonomous vehicles: the manufacturer, the software developer, or the vehicle owner?

These are just a few of the ethical dilemmas that policymakers, ethicists, and technologists grapple with as autonomous technology continues to advance. As autonomous vehicles become increasingly integrated into our daily lives, it is imperative that we address these ethical concerns thoughtfully and proactively, ensuring that the benefits of autonomous technology are equitably distributed and that the rights and interests of all stakeholders are safeguarded.

Conclusion:

In conclusion, the self-driving cars and trucks market represents a paradigm shift in transportation, ushering in a new era of mobility that promises to enhance safety, efficiency, and accessibility for individuals and businesses around the world. With advancements in technology driving rapid innovation and growth, the future of autonomous vehicles is brimming with potential.

However, realizing this vision requires navigating a complex landscape of technological, regulatory, and ethical challenges. By collaborating across industries, disciplines, and borders, stakeholders can work together to address these challenges, ensuring that autonomous vehicles fulfill their promise of a safer, smarter, and more sustainable future for all.

As we navigate the future of autonomous vehicles, let us seize the opportunity to shape a transportation system that reflects our values, priorities, and aspirations. By harnessing the power of innovation and collective action, we can build a world where self-driving cars and trucks pave the way towards a brighter, more inclusive future for generations to come.

#SelfDrivingCars #AutonomousVehicles #DriverlessCars #SelfDrivingTrucks #FutureOfTransport #SmartMobility #AutomotiveandTransportation #MarketTrends #IndustryAnalysis

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digitalmarketingagenciess · 11 months

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The Advantages and Disadvantages of Artificial Intelligence

Artificial Intelligence (AI) is a rapidly developing field with the potential to revolutionize many aspects of our lives. However, like any new technology, AI also has its own set of advantages and disadvantages.

Advantages of AI

Increased efficiency and productivity: AI can automate many tasks that are currently performed by humans, which can lead to increased efficiency and productivity. For example, AI can be used to analyze large amounts of data, identify patterns, and make predictions. This can free up human workers to focus on more creative and strategic tasks.

Improved decision-making: AI can help us make better decisions by providing us with more information and insights. For example, AI can be used to analyze customer data to identify trends and patterns. This information can then be used to make better marketing and sales decisions.

Reduced costs: AI can help us reduce costs by automating tasks and improving efficiency. For example, AI can be used to optimize manufacturing processes, which can lead to lower production costs.

Improved safety: AI can help us improve safety by automating tasks that are currently performed by humans in dangerous or hazardous environments. For example, AI can be used to control robots that operate in factories or mines.

Disadvantages of AI

Job loss: AI is likely to lead to job loss in some industries, as machines become capable of performing tasks that are currently done by humans. For example, AI is already being used to automate customer service tasks, which could lead to job losses in the call center industry.

Ethical concerns: AI raises a number of ethical concerns, such as the potential for bias and discrimination. For example, AI algorithms that are trained on data that reflects historical biases could perpetuate those biases in their decisions.

Security risks: AI systems are vulnerable to cyberattacks, which could have serious consequences. For example, an attacker could gain control of an AI-powered self-driving car and cause it to crash.

Who will be affected by AI?

The impact of AI will vary depending on the industry and the specific task. However, some industries that are likely to be significantly affected by AI include:

Manufacturing: AI is already being used in manufacturing to automate tasks such as quality control and assembly. This is likely to lead to job losses in the manufacturing industry, as machines become capable of performing these tasks more efficiently.

Customer service: AI is also being used in customer service to automate tasks such as answering questions and resolving issues. This is likely to lead to job losses in the customer service industry, as machines become capable of performing these tasks more cost-effectively.

Transportation: AI is being used in transportation to develop self-driving cars and trucks. This is likely to lead to job losses in the transportation industry, as machines become capable of performing these tasks without human intervention.

How many jobs will be lost because of AI?

The exact number of jobs that will be lost because of AI is difficult to predict. However, some estimates suggest that up to 800 million jobs could be lost by 2030. This would represent a significant challenge for the global economy, as it would require us to find new ways to retrain and reemploy those who are displaced by AI.

Conclusion

AI is a powerful technology with the potential to revolutionize many aspects of our lives. However, it is important to be aware of the potential risks and challenges associated with AI. By understanding the potential benefits and drawbacks of AI, we can better prepare for the future and ensure that AI is used in a responsible and ethical way.

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automotiveera · 1 year

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Growing Automotive Wire Harness Market: Trends, Analysis, and Forecasts

According to the global automotive wire harness market growth to $59.3 billion by 2030 can be ascribed to the technological improvements in the automotive industry and the increasing manufacturing of electric vehicles.

Moreover, the addition of cutting-edge features, including high-voltage wiring arrangements, in electric vehicles and lightweight harness arrangements, armed with the growth in the need for autonomous passenger vehicles and lightweight trucks, is set to support the development of the industry in the coming few years.

On the basis of vehicle type, commercial vehicles are projected to witness the higher CAGR over this decade. This development can be credited to the growing addition of enhanced electronic modules and connectivity features, which enable data transfer to mobile phones and synchronize with the internet of things devices in the car.

The internal combustion engine category had the larger revenue share in recent years, and the category is also projected to be dominant in the propulsion type segment in the future. This is mainly because compared to EVs, the output of ICE-based vehicles is higher.

Moreover, they are being swiftly combined with vehicle-to-vehicle and vehicle-to-infrastructure connectivity and self-driving features. Thus, the importance of wire harnesses for transporting energy and information among a massive array of electronic devices and systems is high in ICE vehicles.

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Further, speed sensors are projected to experience the highest CAGR in the near future, based on application. The obtainability of a broad variety of personalized speed sensors and increasing worldwide vehicle sales are some of the key reasons boosting the advance of this category.

In recent years, the copper category led the automotive wire harness market, on the bases of material type, and the category is also projected to remain in the leading position in the future. This is mainly because of the increasing requirement for copper wire harnesses, as copper has been the material of choice for wires for a lengthy period.

In the coming few years, the APAC region is projected to be in the leading spot, credited to the increasing manufacturing of EVs, armed with the huge customer base for ICE-based vehicles. Essentially, the increasing demand for passenger and commercial vehicles in South Korea, China, Japan, and India leads to a massive automotive manufacturing volume, which, ultimately, boosts the local market.

#Automotive Wire Harness Market #Automotive Wire Harness Market Size #Automotive Wire Harness Market Share #Automotive Wire Harness Market Growth #Automotive Wire Harness Market Outlook

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sudeepkedar · 1 year

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Automotive Operating Systems Market Growth Potential & Forecast, 2030

As per a recent research report, Global Automotive Operating Systems Market share is likely to surpass USD 5 billion valuation by 2030.

The automotive operating systems market is expected to grow significantly through 2030 driven by the expanding automotive industry. Additionally, rapid penetration of automobile production facilities globally, coupled with increased consumer inclination toward advanced in-car technologies, is likely to further impel industry expansion over the forecast timeline.

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Recently, key manufacturers have been actively focused on product range expansions and advancements to gain a competitive edge in the industry, thereby enhancing overall market dynamics. Furthermore, prominent automobile manufacturers, such as Ford Motors, General Motors Company, Volkswagen AG, Audi AG, and others, have extended their production sites. The boom of the automobile sector is fostering automotive OS industry expansion.

Citing an instance, in June 2022, BlackBerry Ltd. collaborated with BDStar Intelligent & Connected Vehicle Technology Co., Ltd. (BICV) to rollout QNX technology in BICV's next-generation intelligent cockpit utilized in Yi, Renault Jiangling's first fully electric car. The intelligent cockpit from BICV is based on the QNX Neutrino RTOS, which features the QNX Hypervisor for design scalability and flexibility on a single hardware platform.

In another instance, Google and BMW partnered in July 2022 to offer Google's Android automotive operating systems. Beginning in March 2023, the firms plan to employ Android Automotive to build the BMW Operating System 8 infotainment system for certain vehicle models.

Similarly, in January 2021, Cruise and General Motors signed a long-term strategic partnership with Microsoft to expedite the commercialization of autonomous vehicles. The firms agreed to combine their software and hardware engineering expertise, cloud computing skills, manufacturing expertise, and partner ecosystem to make transportation safer, better, and more affordable for people.

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The Windows Embedded Automotive 7 OS type segment is projected to capture over 10% market share by 2030. It was created specifically for developing innovative in-vehicle infotainment systems. The increasing use of connected vehicle technologies via in-car infotainment systems is likely to fuel segment progress.

By ECU function, the automotive operating systems market has been categorized into infotainment, powertrain, communication, safety & ADAS, and body comfort & control. The safety & ADAS (advanced driver assistance systems) segment held the largest market share of more than 30% in 2021 owing to the mounting interest in road and traffic safety at both the government and local levels. Furthermore, the requirement for advanced software for high-speed transmission of critical sensor data through in-vehicle networks is propelling segment growth.

In terms of vehicle type, the automotive operating systems market has been divided into passenger vehicles (sub-compact cars, compact cars, full size cars, and mid-size cars) and commercial vehicles (trucks, buses, trailers, and heavy equipment). The full size cars segment accounted for over 40% of the market revenue in 2021. Premium carmakers, such as Lurento, Chrysler, Audi AG, and Volkswagen, are expanding their production facilities, thereby aiding segment expansion. In addition, government initiatives to encourage the adoption of self-driving and connected vehicle technologies are further stimulating industry growth.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone:1-302-846-7766 Toll Free: 1-888-689-0688 Email: [email protected]

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bloomberg-a · 2 years

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Vehicle as a Service Market Latest Trends, Future Development Outlook and Demand Analysis to 2030

The Vehicle as a Service Market size is estimated to surpass USD 30 billion by 2030. The advent of advanced automotive technologies like self-driving cars could create new business opportunities for VaaS service providers. Awareness regarding the numerous benefits of using a vehicle as a service and the introduction of new subscription models to address the needs of consumers will expand the VaaS market growth.

Vehicle as a Service Marketmodel has gained significant momentum in the automotive sector as customers are looking to rent vehicles depending on their needs. The model comes in different alternatives such as subscriptions, vehicle leasing, and short or mid-term rentals. This helps end-users to lease a specific vehicle for a pre-determined period of time ranging from a few days to years. Car subscription models also offer affordable personal mobility services, eliminating the additional expenses associated with insurance and maintenance.

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Launch of electric vehicle subscription models

The rapid adoption of electric vehicles (EVs) across developed and developing economies is expected to introduce newer and more evolved vehicle as a service market models in the coming years. Subscription models eliminate deposits and upfront purchase expenditure, which encourages consumers to try out an EV for a shorter period of time.

Advancements in vehicle subscription models will allow consumers to upgrade their EVs to the latest models depending on their availability. With an increasing focus on reducing automotive emissions, EV subscription is likely to pick up the pace. In November 2021, MylesZero, an Indian car subscription platform, reported an 81% rise in subscription requests for EVs from across the country. Over the previous two quarters, the platform registered a 100% surge in EV subscription requests with 40% of the platform’s total subscriptions coming from EVs.

Rapid adoption of autonomous truck fleets

The emergence of autonomous trucking is expected to drive substantial demand for vehicle as a service market models. Rapid digitization of logistics businesses and the growing need for robust and highly efficient supply chains are anticipated to offer a boost to the demand for electric trucks and rental services. With such services, truck drivers can benefit from routine servicing, inspections, maintenance, and extended vehicle cover over the holding period of the vehicle.

Many truck brands are now offering vehicle as a service market services. For instance, in February 2022, AB Volvo-owned Mack Trucks and Mack Financial Services (MFS) introduced an all-inclusive VaaS program to simplify purchase procedures and help customers manage expenses associated with the Mack® LR Electric battery electric vehicles (BEV). The service encompasses vehicle chassis, applicable taxes, and a comprehensive protection plan for the vehicle.

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Robust shift toward EV subscriptions in Europe

Europe has experienced an exponential rise in demand for electric vehicles and an increased consumer interest in EV subscriptions. Many customers are demanding longer-term rentals and flexible alternatives to leasing. To meet this demand, companies like Elmo Drive are offering electric car renting services across the region. These firms are offering one-month EV subscription packages that cover insurance, maintenance, vehicle excise duty, congestion charges, and breakdown assistance. Additional benefits like free access to charging points and home charge points are also provided by market players across Europe.

Ambitious goals to expand service offerings and business footprint will shape the Europe vehicle as a service market outlook. In October 2022, all-electric online car rental firm, UFODrive announced that it will be offering a full-service subscription solution across Europe, the UK, and US.

The increasing popularity of EV mobility across the globe in line with growing awareness about the benefits of renting services will drive the shift to VaaS models. Constantly increasing e-commerce activities, growing consumer interest in vehicle leasing, and surging demand for autonomous freight services will complement service adoption.

Global Vehicle as a Service Market growth will be positively affected by the notable presence of reputed organizations, such as Autonomy, BMW AG, Borrow, CarNext, Cluno GmbH, Clutch Technologies, LLC (DriveFlow), Daimler AG, Drover Ltd, FlexDrive, Fresh Car.

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decaffeinatedcatyouth · 3 years

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Latepost has learned from several independent sources that Didi has started the project, led by Yang Jun, vice president of Didi and general manager of Xiaoju.He is also the chief product officer of D1, a customised ride-hailing service launched jointly by Didi and BYD, and the team has already started poaching people from car factories.However, Latepost has not yet learned the specific form and path of Didi's car construction.

Zhu Jiang, former vice president of user development at Nio, is likely to join Didi, a person familiar with the matter said.Zhu Jiang has many years of experience in automobile industry, and has worked in BMW Brilliance, Lexus, NIO, Ford China and other companies.

In addition to the new developments, Latepost has learned from inside Didi that its self-driving subsidiary plans to try new paths beyond its own research and start a new self-driving truck business.

Didi declined to comment.

Didi has several car-building projects in the works

In November 2019, Didi and BYD set up a joint venture, Beautiful Chuxing (Hangzhou) Automotive Technology Co., with BYD holding 65% and Didi 35%, and BYD as the controlling shareholder.The two subsequently launched a customized ride-hailing service, D1, in November 2020. At that time, Didi was also directly involved in the cooperation with Xiaoju.Didi's car service business started in 2016 and became Xiaoju's car service independently in 2019. At present, it includes Xiaoju youche (car rental platform), car maintenance, second-hand car, charging and refueling.Didi wants to focus on renting from the front end to the back end, with services such as maintenance, insurance and energy.

In June 2020, Didi Autopilot, a subsidiary of Didi, announced a partnership with BAIC, in which the two sides will jointly develop high-level self-driving customized models for RoboTaxi (self-driving taxi) operations.

And this time Didi started to build a car, is likely to be along the D1, the further exploration of customized online car hailing.

Analysts in the industry say Didi's new car plan will be different from the car-company-dominated approach it took when it launched the D1.This time Didi will be more capital-intensive and more engaged.This echoes Didi's message when it launched D1, which stressed that it was the "first" custom ride-hailing service.

According to the plan previously mentioned by Cheng Wei, founder and CEO of Didi at the D1 launch, Didi's customized ride-hailing service will continue to iterate, and by 2025, the customized version of D3 will be popular on Didi's platform, with more than 1 million units. By 2030, the D series aims to eliminate the cockpit and achieve full driverless driving.

On the other hand, although Didi has made more efforts to build cars, according to industry analysts, it is not possible for Didi to set up a wholly-owned subsidiary to build cars like Xiaomi, because its capital may not be able to keep up with it, and its model may be lighter than Xiaomi's.

One investor believes that it is a more economical choice for Didi not to build cars by itself. At present, the production capacity of car companies is too large, and Didi, as a big customer, can completely eat a part of the upstream profits.But building your own can tell a better capital story and keep drivers further on the platform.

Didi has partnered with third-party car rental companies in many places, allowing drivers without cars to hire cars to join Didi's platform to pick up customers.But aggregated car-hailing platforms such as AutoNavi, Meituan and Hello are also courting local car rental companies to compete with Didi.By providing its own operating vehicles, Didi could reduce its reliance on third-party rental companies and reduce the cost of securing drivers.

Whether it was D1 last year or the new plan now, there is a clear logic behind Didi's entry into the custom ride-hailing service.Currently, the cost of the online car hailing market based on fuel models is too high, which directly leads to the limited scale of the online car hailing market and low profit.

Customizing ride-hailing is one way for Didi to reduce costs and improve operational efficiency.In 2018, Didi and Ideal had previously planned to cooperate in this area and set up a related subsidiary, JudianChuxing, in which Didi held a 51% stake and Ideal 49%.

However, Latepost previously reported that Didi's cooperation with Ideal has been terminated and that Judian plans to become an independent OEM-travel company with new strategic shareholders.

Since then, Didi has established joint ventures with BAIC, BYD and Volkswagen.But Didi's tie-up with Volkswagen and BAIC has yet to materially develop.

Li Xiang, founder of Ideal Auto, said at the time that the future evolution of the mobility market will be in line with the logistics industry standard, which means the lower the cost the better and the more efficient the better.The partnership between Ideal and Didi is aimed at further reducing costs on the premise of safety.According to Li Xiang's calculation, the cost of the new car may be 10~15% more expensive than that of the ordinary fuel-powered car, but the battery life will double, and the amortized cost per kilometer will drop 0.5~0.6 yuan, or nearly 20%, compared with that of the fuel-powered car.

What's more, customized online car hailing can also improve user experience and produce cars that are more suitable for driverless driving, making preparations for the landing of driverless driving in the future.

As a result, custom ride-hailing could also become a connection point between Didi's ride-hailing platform service and its Robotaxi business, which its self-driving subsidiary is building up.

Didi's self-driving business may also be changing

In addition, a person close to drops autopilot told the late LatePost drops autopilot company is currently in the research of automatic driving route, is also considering to try the second route, the route may be combined with vehicle road new "Robotaxi ping's", namely the side access Robotaxi enterprises with operational vehicles, access to the passengers.

But given that Didi itself is doing Robotaxi, if it takes this route, the short-term drag will be persuading other Robotaxi companies to work with Didi.Currently, Chinese companies such as Baidu, Xiaoma Zhixing and Wenyuan Zhixing all have their own taxi-hailing apps, while AutoX can use AutoNavi to take taxis. The biggest challenge for the autonomous driving industry is technology and product maturity rather than competing for passengers.

Meanwhile, Didi Autopilot has also started experimenting with a self-driving truck project, which is being led by Didi Autopilot CTO Wei Junqing, confirmed by Late Latepost.

On Friday (April 2), two days after the official announcement, the Huaxia Alumni Association, attended by many entrepreneurs and investors, was held at the Xiaomi campus. A photo of Lei Jun with Wang Chuanfu, Li Bin, Li Xiang and He Xiaopeng was widely circulated.

Cheng Wei, the CEO of Didi, was also at the table with Li Xiang and Li Bin, but in the group photo, Li Xiang were on stage and Cheng Wei and Yang Jun were in the audience.

Mr Cheng has previously said Didi does not build cars and is not seeking to become the biggest car operator in the future.Didi's core competence is to serve its users and car owners well, and to keep investing and making breakthroughs in big data and technology.

Mr Cheng may have to eat his words. He and Didi will also be in the car building business.But from the business logic, it is good news.

Didi has more on its plate than just building cars.Didi plans to go public this year. In order to achieve better market valuation, Didi has carried out more diversified business expansion, including "Orange Heart Preferred", which is now a key business community group purchase.Community group-buying is also a capital-heavy track, and brings together the giants with the strongest financial strength at present -- Meituan, Pinduoduo, Ali and Jingdong all regard it as an important direction.

Bloomberg had previously reported that Didi had plans to inject about $3 billion into its preferred unit.Didi is also working with financial advisers to raise about $1bn from outside investors.

More deeply involved in and led the launch of customized online car hailing, into the self-driving truck, into the community group buying market, Didi will be listed this year, the new moves continue.Didi, which has always been considered by the market to be relatively cautious in making decisions, showed a sharper ambition on the eve of its listing.

Edit/Viola

Risk note: the author's or guest's opinions above all have their own specific positions. Investment decisions should be made on the basis of independent thinking.Futu will do its best but cannot guarantee the accuracy and reliability of the above information and will not be liable for any loss or damage caused by any inaccuracy or omission.

#Didi officially started building cars

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westafricaautomotive-blog · 5 years

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The North America region is slated to account for the largest share in the autonomous cars and trucks market in 2020. Demand for autonomous vehicles is expected to increase over the forecast period owing to stern government regulations and rising adoption of self-driving vehicles in U.S. Request a sample copy or view summary of the report here!

#cars #truck #Automotive #auto expo #auto exhibition

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marketinsightss · 2 years

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Polyurethane Coating Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026

In 2017, cumulative grid-connected wind capacity had reached 515 GW from which 497 GW onshore and 18 GW offshore wind energy, according to the International Energy Agency. Furthermore, the organization estimates that the demand for energy will escalate by 65% globally between 2018 and 2023.[1] Evidently, this augmented demand will lead to definite production growth of wind turbines that are coated with

polyurethane coatings

as they impart longevity and better wind energy efficiency. The demand influx in the wind energy sector and the subsequent growth in the manufacturing of wind turbines is poised to drive the polyurethane coating market that is valued at $16 billion as of 2018. Furthermore, the demand in the global polyurethane coating market from various sectors is projected to observe a healthy compound annual growth rate (CAGR) during the forecast period of 2019 to 2025.

Automotive industry and building & construction are major industries that are driving the demand influx in the APAC polyurethane coating market. From all the countries, China is gauged as the major consumer of polyurethane (PUR) coating material for various purposes such as the application of coatings on automotive parts, wind turbines, and structures and buildings. In 2018, China contributed with more than 200 GW of wind energy to the world’s total wind energy output,[2] according to the World Wind Energy Association (WWEA). This attributes to the heavy usage of wind turbines that chiefly supported the polyurethane coating market. Furthermore, there is a noticeable consumption of polyurethane coatings in other countries of Asia that include India, Indonesia, and Japan. APAC had the maximum regional polyurethane coating market share of 36% in 2018.

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Polyurethane Coating Market Outlook:

Polyurethane coatings are surface coatings that have organic units of carbamate (or urethane) links or even thermoplastic polyurethanes. The coating was used as an aircraft coating during World War II. Owing to their properties such as high resistance and durability, polyurethane coatings are used in various sectors such as automotive, construction, and wind energy.

In 2018, the total number of vehicles produced were gauged to be 91,538,640,[3] and the future foresees more vehicles with the evolution of the

electric vehicles market

and

self-driven trucks market

along with demand for autonomous cars. This will lead to a greater demand influx in the polyurethane coating market as the key application of the product is found to be in the automotive sector. The demand for polyurethane coating in the automotive application segment is estimated to observe a CAGR of 4% through to 2025.

Polyurethane Coating Market Growth Drivers:

The Expansion of the Building & Construction Industry

The population growth through to 2050 as documented by the United Nations (UN) will lead to a definite demand for building & construction across the globe in order to suffice the infrastructural needs. Apparently, water-borne polyurethane coatings are prevalently used for both wall and floor coatings for abrasion resistance, chemical resistance, and weathering. According to the Institution of Civil Engineers (ICE), the volume of construction output will grow by 85% that will translate to $15.5 trillion worldwide by 2030.[4] Subsequently, this will lead to a consistent demand for polyurethane coating in the building & construction industry.

The Application of Polyurethane Coating on Wood

The increase in disposable personal income has enabled people across the globe to afford expensive wood flooring. Polyurethane coatings are used in wooden floorings as they are found to retain the texture of the wood that deteriorates over time due to water-rot. Additionally, wood flooring is also used in some showrooms and shops. The palpable prevalence of wooden floorings and ceilings in the homes and commercial complexes across the globe is further flourishing the polyurethane coating market.

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The Growth of the Aerospace Industry Leading to Demand Influx

There is a tangible growth of aerospace industry predominantly in North America and some countries of APAC such as China and India. Polyurethane coatings when applied on aircraft implant durability and resistance to ultraviolet (UV) light, weathering, and chemicals that can be detrimental to the body of aircraft. Moreover, PUC protects aircraft against corrosion by reducing oxidation and itching of aluminum skin. The enhanced production of aircraft in order to suffice the foreseeable need for transportation in the future will significantly support the polyurethane coating market.

Polyurethane Coating Market Trends

Water-Based Polyurethane Coatings – Two component water-based acrylic polyurethane coatings are found to be useful for coating concrete and rigid substrates. This application is poised to observe growth in the future.

In January 2018, Pidilite Industries announced the acquisition of majority shares in CIPY Polyurethanes Pvt. Ltd. According to CIPY which is a major player in the polyurethane coating market, the partnership is envisioned to position the company in the floor coating segment.

In October 2018, Covestro developed the first bio-based coating hardener for polyurethane coatings. This will impart a better ecological footprint in the application of coatings and will help save energy. The adaptation of organic products has become rampant in each sector, and this award-winning innovation is expected to bring a shift in the polyurethane coating market.

Polyurethane Coating Market Challenges

The biggest challenge in front of the vendors in the polyurethane coating market is that despite its durability, toughness, and high gloss, the coating is harmful to the environment as they release VOCs during application. However, water-based polyurethane and 100% solid polyurethane coatings have sustained their position in the market. Furthermore, the vendors are minimizing the use of isocyanides in the polyurethane coatings and re-inclining their manufacturing strategies and making the product eco-friendly.

Polyurethane Coating Market Key Players Perspective

The major players crusading for polyurethane coating market share are Akzo Nobel NV, Asian Paints Limited, Axalta Coating Systems LLC, PPG Industries Inc., Valspar Corporation, Sherwin Williams, Jotun, RPM International, BASF, Bayer, Solvosol, and Endura.

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Polyurethane Coating Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the polyurethane coating market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The polyurethane coating market research report also analyses the application of the product in the automotive, aerospace, building & construction, and other industries.

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#Polyurethane Coating Market Polyurethane Coating Market Size Polyurethane Coating Market Share Polyurethane Coating Market Trends Polyuretha

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industryforecastnews · 2 years

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Self-driving Cars & Trucks Market Demand To Reach 4,223 Thousand Units By 2030 | Global and Regional Forecast | Grand View Research, Inc.

The global self‑driving/autonomous cars and trucks market size is anticipated to reach 4,223 thousand units by 2030, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 63.1% during the forecast period. An autonomous vehicle is a combination of various sensors and networking systems that assist computers in driving vehicles. Thus, several technology providers such as Google Inc. and Tesla Motors have also entered the market and are contributing to research and development of autonomous vehicles.

The automobile industry is dynamic and is witnessing rapid advancements in terms of technologies. Several major players in the industry, such as General Motors Company (GM), Volkswagen AG, Mercedes-Benz, and Bayerische Motoren Werke AG (BMW), invest a significant part of their revenue in research and development of technologies. Currently, there is a growing trend of autonomous vehicles, thus attracting larger investments from top players.

The autonomous cars and trucks market has been segmented on the basis of application into transportation and defense. The transportation segment has been bifurcated further into industrial and commercial applications. Transportation is expected to have a greater market share while the defense segment is expected to portray the highest growth over the forecast period.

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neha24blog · 3 years

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Self driving Cars And Trucks Market Demand Likely To Reach 4,223 Thousand Units By 2030: Grand View Research Inc.

San Francisco, 13 Jan 2021: The Report Self driving Cars and Trucks Market Size, Share & Trends Analysis Report By Application (Transportation, Defense), By Region (NA, Europe, APAC, South America, MEA), And Segment Forecasts, 2020 – 2030 The global self‑driving/autonomous cars and trucks market size is anticipated to reach 4,223 thousand units by 2030, according to a new report by Grand View…

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#Self driving Cars and Trucks Industry #Self driving Cars And Trucks Market #Self driving Cars and Trucks Market 2020 #Self driving Cars and Trucks Market 2030 #Self driving Cars and Trucks Market Revenue #Self driving Cars and Trucks Market Share #Self driving Cars and Trucks Market Size

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industryarcresearch · 2 years

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Polymer Bearing Market Size Forecast to Reach $12 Billion by 2025

Polymer Bearing Market size is forecast to reach $12 billion by 2025, after growing at a CAGR of 4.5% during 2020-2025. This growth is mainly due to the rising demand in the Asia-Pacific region for polymer bearings. The growth of the global polymer bearing market is further driven by the growing applicability of polymer bearings in the automotive, medical & pharmaceutical, textile, food processing, chemical, office products and semiconductor industries. For use on metal surfaces, polymer bearings are preferred. Over other common bearing materials, polymers offer many advantages. Polymer bearings are resistant to corrosion and chemicals. Such bearings do not transfer heat to other mechanical assembly areas because they are self-lubricating, thus eliminating the risk of failure due to lack of maintenance. Therefore, these factors are driving polymer bearing market growth.

Polymer Bearing Market Segment Analysis - Type of Material

The phenolics material type segment held the largest share in the polymer bearing market in 2019, Due to the growing demand from various end-use industries such as automotive, textiles, food packaging, and semiconductors for phenolic polymer bearings. Phenolic polymer bearings possess properties such as outstanding strength and shock resistance, along with water, acid, alkali solutions resistance. Phenolic polymeric materials serve as self-lubricating materials and in various applications, thus, replacing metal bearings. In heavily loaded systems, they are useful for providing the necessary amount of cooling and clearance. Therefore, owning to the aforementioned properties phenolic material type dominated the market.

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Polymer Bearing Market Segment Analysis - End Use Industry

Automotive sector held the largest share in the polymer bearing market in 2019 and is growing at a CAGR of 4.8% during the forecast period. Due to their properties, such as lightweight, low maintenance, lubrication-free, corrosion & chemical resistant, and high wear & tear resistant, polymer bearings are commonly used in the automotive industry. In this industry, polymer bearings are used to make belt tensioners, centre armrests, pedal systems, gear actuator, steering systems, stub axels, and seating systems. According to OICA, in 2018 the production of light commercial vehicles and heavy trucks increased by 5.9% and 3.5% from 2017. In addition, according to International Energy Agency, in 2018, 3.29 million electric vehicles deployed globally and the number will increase up to 125 million by 2030. This will further support market growth.

Polymer Bearing Market Segment Analysis - Geography

Asia-Pacific held the largest share in the polymer bearing market in 2019 up to 30%, due to increase in demand for polymer bearings in this region from various end-use industries such as automotive, textile, food processing, medical & pharmaceutical, packaging, and chemical. According to OICA, automotive production in countries such as India, Indonesia, and Malaysia have increased by 8%, 10.3% and 12.2% up to 5,174,645, 1,343,714 and 402,085 from 2017. According to the China Association of Automobile Manufacturers, over 27 million vehicles were sold in 2018. In 2017, according to the International Trade Administration (ITA), 1.2 million new passenger cars, SUVs, and commercial vehicles were sold in the Australian market, an increase of 0.9% from 2016. Polymer bearing is used for windshield wipers, shock absorbers, brakes, shafts, doors, gear boxes, engine compartments, angle transmitters, and pedals in the automotive industry. Therefore, growth in automotive production is driving polymer bearing market growth in this region. In addition, the easy availability of raw materials and labor is further anticipated to drive the growth of the Asia-Pacific polymer bearing market.

Polymer Bearing Market Drivers

Increasing demand from automotive industry

The market for polymer bearings is mainly driven by demand from the automotive industry, especially in the manufacturing of vehicles, in order to reduce weight, noise and avoid corrosion. Due to their corrosive and chemical-resistant properties, they are usually applied on the metal surface and probably on other common bearing materials. Because of its auto-lubricate properties, polymer bearing limits the transfer of heat and decreases the chances of failure due to low maintenance. Polymer bearings, relative to metal bearings, are better alternatives for economic growth and are 70 to 80% lighter compared to other metals and thus are commonly used in the automotive sector. According to the International Trade Administration (ITA), China is the world’s largest vehicle market. The Chinese government is expecting that the automobile output will reach 35 million by 2025. This will further support market growth.

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Polymer Bearing Market Challenges

Stringent regulation and low thermal conductivity

The stringent government regulations relating to their use in the food packaging and processing industries, however have limited further expansion of the polymer bearings industry. In addition, fluctuating raw material prices can limit the profitability of the industry, thereby affecting the price trend of polymer bearings. Furthermore, low thermal conductivity phenolic bearings due to friction that requires continuous water feed or lubricating oil to cut down heat may also hamper the market growth.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Polymer Bearing Market. In 2019, the market of Polymer Bearing Market has been consolidated by the top five players accounting for the share. Major players in the Polymer Bearing market includes SKF, Boston Gear LLC, IGUS Inc., Saint-Gobain S.A., and BNL Ltd. Other major companies include Oiles Corporation, KMS Bearings, Inc., Dotmar Engineering Plastic Products, among others.

Key Takeaways

Asia Pacific dominates the polymer bearing market, owning to increasing demand from automotive industry. According to OICA, in 2018 the production of light commercial vehicles has increased by 10.2 % in the APAC region.

In addition, compared to metal bearings, polymer bearings are economical, which makes them a positive option. Due to their non-conductive and corrosion resistant properties, polymers are resistant to acid, alkali, wax and solvents.

Strict government rules & regulations relating to the use of polymer bearings in the food processing and packaging industries are one of the major constraints limiting the growth of the global polymer bearing market.

However, operations in various industries such as textile, automotive, and others is being significantly affected due to the COVID-19 epidemic, as most of countries have issued “stay at home guidance” i.e., lockdown. And it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021. This is limiting polymer bearing market growth.

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https://www.industryarc.com/Report/18632/ultra-high-molecular-weight-polyethelene-market.html

B. Nylon Resins Market

https://www.industryarc.com/Report/1302/nylon-resins-market-analysis.html

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#PolymerBearingMarket

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technogeekstmr · 3 years

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Automotive Heat Shield Market 2021 Recent Industry Developments and Growth Strategies Adopted by Top Key Players Worldwide and Assessment to 2025

Supply Shocks Affect Sales of Heat Management Products during COVID-19 Pandemic

Automotive sales have taken a hit during the coronavirus (COVID-19) pandemic. The automotive industry is undergoing supply shocks, since OEMs have temporarily shut down their production activities. This has directly affected business practices in the automotive heat shield market, as the demand for vehicles is experiencing a downtrend. However, automotive sales are anticipated to rise by the end of 2020 as COVID-19 subsides in almost all countries. Heat shield manufacturers are adopting robust contingency plans and taking a comprehensive approach to tackle the global economic crisis.

Heat shield manufacturers are developing innovative sales strategies by predicting various future scenarios. Companies plan to revive their operations in European countries, China, Europe, and Japan where the pandemic has almost reached its end. They are focusing on various strategies related to employee engagement, operational continuity, and cash & liquidity management. These factors are expected to drive the automotive heat shield market during the forecast period.

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Lightweight Fiber Materials in Shields Improve Performance of Automotive Components

Automotive heat shields are being routinely used in passenger cars and light trucks to deploy flame resistance from components that release excess heat. Companies in the automotive heat shield market are now increasing their focus in professional racecars to broaden their revenue streams. For instance, leading provider of industrial chemicals, synthetic fibers DuPont, is increasing its marketing potentials to bring DuPont™ Nomex® into visibility as a highly durable automotive heat shield. Innovative products are bolstering revenue growth for the market, which is estimated to surpass the revenue of US$ 10.3 Bn by the end of 2030.

Improving safety and performance of automotive components has become very important for manufacturers in the automotive heat shield market. Hence, manufacturers are increasing their R&D muscle in developing lightweight fiber materials that offer protection against heat and flames. High-temperature automotive applications are fueling the demand for automotive heat shields.

Self-adhesive Automotive Heat Shields Resist Harsh Environments in Vehicles

Self-adhesive heat shields are a novel introduction in the automotive heat shield market. These sheets are being extensively used to protect components from heat sources in vehicles. Innovative self-adhesive heat shields are laminated with pressure-sensitive adhesives (PSA) to improve the performance of automotive components. Multinational manufacturer and distributor of pressure-sensitive adhesive materials Avery Dennison has acquired proficiency in manufacturing self-adhesive automotive heat shields with PSAs that can be mechanically fastened to avoid extra tooling.

Companies in the automotive heat shield market are increasing their production to accommodate slimmer designs spaces in products that reduce rattle and eliminate the need for extra tooling. They are increasing their research expenditure to develop automotive heat shields that adhere to a variety of difficult to bond to substrates. Automotive manufacturers are preferring automotive heat shields that qualify in withstanding harsh environments.

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Nanometric Coating-induced Heat Shields Deploy High Infrared Reflectivity and Corrosion Resistance

Manufacturers in the automotive heat shield market are experimenting with nanometric coatings of aluminum in stainless steel heat shields to increase their thermal efficacy. BS Stainless – a metal fabricator in Walton Summit Centre, England, has introduced its product ShieldMet, which combines the strength and corrosion resistant properties of stainless steel with high reflectivity of aluminum in heat shield applications. Nanometric coatings made from aluminum are being highly publicized to preserve the aesthetical aspect of stainless steel automotive heat shields even under high temperatures.

The high infrared reflectivity of nanometric coatings is being preferred in automotive heat shields. Companies in the automotive heat shield market are increasing their production capacities to develop plasma vacuum coated shields made from stainless steel. Excellent corrosion resistance and formability of nanometric coating-induced heat shields is attracting the attention of vehicle manufacturers.

Ceramic Coatings Enhance Aesthetic Appeal of Automotive Heat Shields

Companies in the automotive heat shield market are increasing efforts to improve the aesthetic appeal of heat shields. For instance, Cerakote – a global manufacturer of thin-film ceramic coatings is tapping incremental opportunities via online sales for its Black Velvet and Burnt Bronze automotive heat shields that can also be used in motorcycle pipes. Manufacturers are establishing their company-owned websites that provide extensive safety data, tech data, and application guidelines to customers buying their products online.

Metallic and velvety finish in automotive heat shields is highly preferred by automobile manufacturers. Companies in the automotive heat shield market are developing products that eliminate the need for catalysts. They are using ceramic coatings that can resist hundreds of Fahrenheit temperature. High temperature coatings are setting the benchmark for innovations in automotive heat shields. Coating manufacturers are increasing the availability of air cured and ready-to-spray coatings that offer cost and time efficiency to automakers.

Manufacturers Educate Automakers about Different Heat Levels to Avoid Degradation of Components

The automotive heat shield market is predicted to advance at a sluggish CAGR of ~4% during the forecast period, as automotive heat shields are associated with several myths regarding their intermittent temperatures and materials. The U.S.-based provider of reflective and insulative solutions Heatshield Products has taken the effort to debunk several myths regarding automotive heat shields by claiming that not all heat shields are the same.

Since different vehicles release different heat levels, companies in the automotive heat shield market are innovating in new materials that qualify to resist high heat levels of vehicles. They are educating technicians and automakers about the difference between excessive conductive, convective, and radiant heat levels. In this way, automakers can choose appropriate heat management products to avoid degradation of automotive components. Heat shield manufacturers are also educating automakers about intermittent temperatures and service temperatures.

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