Denso

Connected Car Market size worth USD 148,318.88 Million, Globally, by 2030 at 14.0% CAGR: Verified Market Research®

Retrieved on: 
Thursday, October 12, 2023

JERSEY CITY, N.J., Oct. 12, 2023 /PRNewswire/ -- The Global Connected Car Market is projected to grow at a CAGR of 14.0% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 44,854.05 Million in 2021 and is expected to reach USD 148,318.88 Million by the end of the forecast period.

Key Points: 
  • The " Global Connected Car Market Size By Service, By Form, By Network, By Geographic Scope And Forecast " report has been published by Verified Market Research®.
  • The report provides an in-depth analysis of the global Connected Car Market, including its growth prospects, market trends, and market challenges.
  • To get market data, market insights, financial statements and a comprehensive analysis of the Global Connected Car Market, please Contact Verified Market Research® .
  • Based on the research, Verified Market Research® has segmented the global Connected Car Market into Service, Form, Network, And Geography.

Biometric Vehicle Access Systems Market to Surge to $3.3 Billion by 2030, Driven by 10% CAGR in Fingerprint Scan Segment

Retrieved on: 
Tuesday, October 10, 2023

DUBLIN, Oct. 10, 2023 /PRNewswire/ -- The "Biometric Vehicle Access Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 10, 2023 /PRNewswire/ -- The "Biometric Vehicle Access Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
  • The global Biometric Vehicle Access Systems market is set for substantial growth, with a projected value of US$3.3 billion by 2030, experiencing a noteworthy CAGR of 9.7% during the forecast period of 2022-2030.
  • The Fingerprint Scan segment is expected to lead this growth, recording a robust CAGR of 10% and reaching US$1.9 billion by the end of the analysis period.
  • Market Expansion: The Biometric Vehicle Access Systems market, valued at US$1.6 billion in 2022, is on track for exponential growth.

Automotive Electronics Market Forecast 2023-2027: Estimated Market Size, Growth Drivers And Lucrative Segment - By The Business Research Company

Retrieved on: 
Friday, October 6, 2023

LONDON, Oct. 6, 2023 /PRNewswire/ -- As per The Business Research Company's Automotive Electronics Global Market Report 2023, the automotive electronics industry is witnessing unprecedented growth, with the global market poised to reach $279.13 billion in 2023, compared to $254.59 billion in 2022, representing an impressive compound annual growth rate (CAGR) of 9.6%. Furthermore, the automotive electronics market is projected to expand to $382.78 billion by 2027, at a CAGR of 8.2%.

Key Points: 
  • Furthermore, the automotive electronics market is projected to expand to $382.78 billion by 2027, at a CAGR of 8.2%.
  • The surge in demand for electric vehicles (EVs) is a primary driver of the automotive electronics market .
  • The automotive electronics market is characterized by a concentration of major players, with the top ten competitors accounting for 48.50% of the total market in 2022.
  • The automotive electronics market in Asia-Pacific is bolstered by the rise of autonomous technologies and significant demand for electric vehicles.

Automotive Electronics Market Forecast 2023-2027: Estimated Market Size, Growth Drivers And Lucrative Segment - By The Business Research Company

Retrieved on: 
Friday, October 6, 2023

LONDON, Oct. 6, 2023 /PRNewswire/ -- As per The Business Research Company's Automotive Electronics Global Market Report 2023, the automotive electronics industry is witnessing unprecedented growth, with the global market poised to reach $279.13 billion in 2023, compared to $254.59 billion in 2022, representing an impressive compound annual growth rate (CAGR) of 9.6%. Furthermore, the automotive electronics market is projected to expand to $382.78 billion by 2027, at a CAGR of 8.2%.

Key Points: 
  • Furthermore, the automotive electronics market is projected to expand to $382.78 billion by 2027, at a CAGR of 8.2%.
  • The surge in demand for electric vehicles (EVs) is a primary driver of the automotive electronics market .
  • The automotive electronics market is characterized by a concentration of major players, with the top ten competitors accounting for 48.50% of the total market in 2022.
  • The automotive electronics market in Asia-Pacific is bolstered by the rise of autonomous technologies and significant demand for electric vehicles.

Automotive Sensors Market worth $62.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, October 5, 2023

Growing awareness of vehicle safety, driven by regulatory agencies and consumer demand, is leading to a higher adoption rate of aftermarket sensors.

Key Points: 
  • Growing awareness of vehicle safety, driven by regulatory agencies and consumer demand, is leading to a higher adoption rate of aftermarket sensors.
  • Consumers are more willing to invest in safety-enhancing sensors, such as backup cameras, blind-spot detection, and tire pressure monitoring systems.
  • Aftermarket sensors are easy to install, making them attractive options for DIY enthusiasts who want to enhance their vehicles without visiting a mechanic.
  • Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=426
    Temperature Sensor Market by Product Type (Thermocouples, RTDS, Thermistors, Temperature Sensor ICS, Infrared, and Fiber Optic Temperature Sensors), Output, Connectivity, End-User Industry, & Region - Global Forecast to 2028

Automotive Sensors Market worth $62.2 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, October 5, 2023

Growing awareness of vehicle safety, driven by regulatory agencies and consumer demand, is leading to a higher adoption rate of aftermarket sensors.

Key Points: 
  • Growing awareness of vehicle safety, driven by regulatory agencies and consumer demand, is leading to a higher adoption rate of aftermarket sensors.
  • Consumers are more willing to invest in safety-enhancing sensors, such as backup cameras, blind-spot detection, and tire pressure monitoring systems.
  • Aftermarket sensors are easy to install, making them attractive options for DIY enthusiasts who want to enhance their vehicles without visiting a mechanic.
  • Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=426
    Temperature Sensor Market by Product Type (Thermocouples, RTDS, Thermistors, Temperature Sensor ICS, Infrared, and Fiber Optic Temperature Sensors), Output, Connectivity, End-User Industry, & Region - Global Forecast to 2028

Toyota and Woven by Toyota to Strengthen Ties Toward Accelerating Software Implementation

Retrieved on: 
Wednesday, September 27, 2023

Toyota City, Japan, Sept 27, 2023 - (JCN Newswire) - Toyota Motor Corporation (Toyota) and Woven by Toyota, Inc. (Woven by Toyota) announced today that, to accelerate the implementation of software in social systems and vehicles, they intend to strengthen their relationship by making Woven by Toyota a wholly owned Toyota subsidiary.

Key Points: 
  • Toyota City, Japan, Sept 27, 2023 - (JCN Newswire) - Toyota Motor Corporation (Toyota) and Woven by Toyota, Inc. (Woven by Toyota) announced today that, to accelerate the implementation of software in social systems and vehicles, they intend to strengthen their relationship by making Woven by Toyota a wholly owned Toyota subsidiary.
  • Upon entering a period of transition from software development to software implementation, Toyota and Woven by Toyota have been restructuring the Toyota Group, including Denso Corporation (Denso), as described below:
    In April of this year, Woven Planet Holdings, Inc. changed its name to Woven by Toyota, Inc. and underwent a corporate reorganization.
  • As such, Woven by Toyota was reorganized, and it was decided that software development by Woven by Toyota would take the form of being outsourced from Toyota.
  • Following the change to a system in which all software development at Woven by Toyota is outsourced to Toyota, Toyota will hold all common shares of Woven by Toyota, making Woven by Toyota a wholly owned subsidiary.

Lilium Starts Assembly of the Lilium Jet’s Revolutionary Electric Propulsion System

Retrieved on: 
Tuesday, September 26, 2023

Yves Yemsi, COO of Lilium, said: “The start of propulsion assembly represents a significant step towards industrializing the Lilium Jet.

Key Points: 
  • Yves Yemsi, COO of Lilium, said: “The start of propulsion assembly represents a significant step towards industrializing the Lilium Jet.
  • The iconic, sleek aircraft design is a key differentiator of the Lilium Jet.
  • Thanks to the unique propulsion system and aerodynamic jet architecture, I believe the Lilium Jet will set the benchmark for the eVTOL industry, opening the way for superior performance, unit economics and comfort.
  • The Lilium Jet e-motor has been designed to deliver industry-leading power density of over 100kW from a system weighing just over 4kg.

Woven by Toyota Announces Changes to its Board of Directors

Retrieved on: 
Thursday, September 7, 2023

Toyota City, Japan, Sept 7, 2023 - (JCN Newswire) - Woven by Toyota, Inc. ("Woven by Toyota"), a mobility technology subsidiary of Toyota Motor Corporation ("TMC"), decided on a new executive structure at its shareholders' meeting.

Key Points: 
  • Toyota City, Japan, Sept 7, 2023 - (JCN Newswire) - Woven by Toyota, Inc. ("Woven by Toyota"), a mobility technology subsidiary of Toyota Motor Corporation ("TMC"), decided on a new executive structure at its shareholders' meeting.
  • Toyota's software platform, Arene and a test course for mobility, Toyota Woven City, will evolve from a preliminary development phase to an execution phase.
  • These changes will ensure efficient decision making closer to the genba and delivery of Woven by Toyota's technology towards mass production.
  • Woven by Toyota will strengthen cooperation with Toyota and Toyota Group to lead the evolution of advanced intelligent software that contributes to the transformation of Toyota into a mobility company.

TMC Announces Changes to Organizational Structure, Executive Structure, and Senior Professional/Senior Management Employees

Retrieved on: 
Thursday, September 7, 2023

Toyota City, Japan, Sept 7, 2023 - (JCN Newswire) - Toyota Motor Corporation (TMC) announced today that it intends to implement changes to its organizational structure, executive structure, and senior professional/senior management employees as described below effective October 1, 2023.

Key Points: 
  • Toyota City, Japan, Sept 7, 2023 - (JCN Newswire) - Toyota Motor Corporation (TMC) announced today that it intends to implement changes to its organizational structure, executive structure, and senior professional/senior management employees as described below effective October 1, 2023.
  • - Aiming to realize a mobility society, TMC is moving to the software implementation phase to build a social system platform.
  • Accordingly, it intends to revise the software development structure of the Toyota Group.
  • To this end, TMC is transforming itself into a mobility company based on the Toyota Mobility Concept.