Commercial vehicle

Automotive V2X Market worth $9.5 billion by 2030 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, January 25, 2024

Automotive Vehicle-to-Everything (V2X) software comprises a set of instructions that command various hardware components to execute specific tasks within the V2X technology framework.

Key Points: 
  • Automotive Vehicle-to-Everything (V2X) software comprises a set of instructions that command various hardware components to execute specific tasks within the V2X technology framework.
  • Prominent entities in the automotive V2X market provide software solutions that align with both Dedicated Short-Range Communication (DSRC) and Cellular Vehicle-to-Everything (C-V2X).
  • Other companies, such as Visteon, Autotalks, Derg, and Commsignia, also contribute software solutions for automotive V2X.
  • All these factors are expected to augment revenues for the software segment of the automotive V2X industry during the forecast period.

5.06% CAGR to be Recorded in Automotive Rack And Pinion Steering System Market between 2022 and 2027, 17,000+ Technavio Research Reports

Retrieved on: 
Monday, January 22, 2024

NEW YORK, Jan. 21, 2024 /PRNewswire-PRWeb/ -- The automotive rack and pinion steering system market is estimated to grow by USD 5.25 billion from 2023 to 2027. The market is estimated to grow at a CAGR of  5.06% during the forecast period. However, the growth momentum will progress. The report is segmented the market based on Application (Passenger car and Commercial Vehicle), Type (Electronic, Electro-hydraulic, Hydraulic, and Manual ), and Geography (APAC, North America, Europe, South America, and the Middle East and Africa). 

Key Points: 
  • The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive rack and pinion steering system market.
  • This development reflects the industry's commitment to advancing Automotive Steering Systems, including Rack and Pinion, Power Steering, Steering Gear, and Steering Mechanism.
  • Growth of the Automotive Rack And Pinion Steering System Market industry across APAC, North America, Europe, South America, and Middle East and Africa
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  • The commercial vehicle steering system market size is estimated to grow at a CAGR of 5.5% between 2022 and 2027.

Sibros Partners with Leading Engineering Services Supplier to Drive Forward Connected Mobility

Retrieved on: 
Tuesday, January 9, 2024

Leveraging Continental Engineering Services' unique business model of re-utilizing components from the Continental Automotive Group Sector, the joint collaboration will enable the delivery of high-quality, cost-effective solutions, coupled with customized engineering services to meet the unique demands of OEMs.

Key Points: 
  • Leveraging Continental Engineering Services' unique business model of re-utilizing components from the Continental Automotive Group Sector, the joint collaboration will enable the delivery of high-quality, cost-effective solutions, coupled with customized engineering services to meet the unique demands of OEMs.
  • Initial integration efforts have already seen the incorporation of Sibros' Deep Logger and Deep Commander on Continental Engineering Services’ IoT Gateway, dedicated to Commercial Vehicles.
  • Key features and benefits enabled by the partnership include:
    Seamless integration of Sibros’ Deep Connected Platform with Continental Engineering Services’ IoT Gateway and product platforms, facilitating robust vehicle-to-cloud connectivity and data management.
  • “The collaboration with Sibros is an exciting step towards embracing and deploying connected vehicle technology across diversified vehicle categories,” said Rachel Lewis, Head of the Interior Segment, Continental Engineering Services, North America.

HERE partners with Bosch and one of the world’s largest commercial vehicle manufacturers to make truck driving more efficient and sustainable

Retrieved on: 
Tuesday, January 9, 2024

UniMap, HERE’s new map-making capability, leverages multiple types of data sources including car sensors, to ensure map freshness and quality.

Key Points: 
  • UniMap, HERE’s new map-making capability, leverages multiple types of data sources including car sensors, to ensure map freshness and quality.
  • PPC helps to lower the energy consumption of both combustion engine-powered and electric commercial vehicles.
  • Daimler Truck’s Predictive Powertrain Control (PPC) is a cruise control and transmission control system for commercial vehicles.
  • “Predictive Powertrain Control not only helps to substantially reduce fuel consumption and lower CO2 emissions, but also create a safer and stress-free driving experience.”

Automotive Battery Management System (Lithium, Lead-acid, Nickel-based, Solid-state) Market - Global Forecast to 2028 - ResearchAndMarkets.com

Retrieved on: 
Friday, December 29, 2023

The "Automotive Battery Management System Market by Battery Type (Lithium-ion, Lead-acid, Nickel-based, Solid-state), Topology (Modular, Centralized, Distributed), Application (Passenger Vehicles, Commercial Vehicles) and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Automotive Battery Management System Market by Battery Type (Lithium-ion, Lead-acid, Nickel-based, Solid-state), Topology (Modular, Centralized, Distributed), Application (Passenger Vehicles, Commercial Vehicles) and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
  • The global automotive battery management system (BMS) market size is expected to grow from USD 4.7 billion in 2023 to USD 11.7 billion in 2028, at a CAGR of 19.8% from 2023 to 2028
    The automotive BMS market has been classified by component, system type, battery type, topology, application, and region.
  • By system type, the market has been segmented into standalone BMS and integrated BMS.
  • Battery management systems are critical for monitoring multiple battery-related measures such as voltage, current, charge, power, health, and safety.

Global Automotive Battery Management System Market Report 2023-2028: Opportunities in the Emergence of Novel Battery Technologies and Development of Cell Management System (CMS) Technology

Retrieved on: 
Friday, December 29, 2023

The global automotive battery management system (BMS) market size is expected to grow from USD 4.7 billion in 2023 to USD 11.7 billion in 2028, at a CAGR of 19.8% from 2023 to 2028

Key Points: 
  • The global automotive battery management system (BMS) market size is expected to grow from USD 4.7 billion in 2023 to USD 11.7 billion in 2028, at a CAGR of 19.8% from 2023 to 2028
    The automotive BMS market has been classified by component, system type, battery type, topology, application, and region.
  • By system type, the market has been segmented into standalone BMS and integrated BMS.
  • The battery type segment market is divided into lithium-ion batteries, lead-acid batteries, and others.
  • Battery management systems are critical for monitoring multiple battery-related measures such as voltage, current, charge, power, health, and safety.

XING Mobility, a Global Leader in Immersion Cooling Batteries, Announces Investment from Kubota Corporation

Retrieved on: 
Wednesday, December 20, 2023

It also enables XING Mobility to expedite the development of immersion cooling battery systems.

Key Points: 
  • It also enables XING Mobility to expedite the development of immersion cooling battery systems.
  • XING Mobility's IMMERSIO immersion cooling battery system solution is developed for Automotive, Industrial and Commercial Vehicle and Machinery, and Energy Storage System.
  • "Since 2015, XING Mobility has been at the forefront of advancing immersion cooling battery technology for electric vehicles," says Royce YC Hong, Co-founder & CEO of XING Mobility.
  • The strategic investment and partnership with Kubota are a testament to the viability of our immersion cooling technology in heavy-duty applications, propelling our growth on an international scale."

XING Mobility, a Global Leader in Immersion Cooling Batteries, Announces Investment from Kubota Corporation

Retrieved on: 
Wednesday, December 20, 2023

It also enables XING Mobility to expedite the development of immersion cooling battery systems.

Key Points: 
  • It also enables XING Mobility to expedite the development of immersion cooling battery systems.
  • XING Mobility's IMMERSIO immersion cooling battery system solution is developed for Automotive, Industrial and Commercial Vehicle and Machinery, and Energy Storage System.
  • "Since 2015, XING Mobility has been at the forefront of advancing immersion cooling battery technology for electric vehicles," says Royce YC Hong, Co-founder & CEO of XING Mobility.
  • The strategic investment and partnership with Kubota are a testament to the viability of our immersion cooling technology in heavy-duty applications, propelling our growth on an international scale."

Workhorse Group Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 14, 2023

CINCINNATI, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company with a vision to pioneer the transition to zero emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • CINCINNATI, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Workhorse Group Inc. (Nasdaq: WKHS ) (“Workhorse” or “the Company”), an American technology company with a vision to pioneer the transition to zero emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2023.
  • This approval provides Workhorse customers eligibility to receive up to a $40,000 federal tax credit per vehicle for deliveries of all Workhorse vehicles in 2023 and beyond.
  • Net interest income for the third quarter of 2023 was $0.4 million compared to $0.0 in the same period last year.
  • “Our financial results for the third quarter and our outlook for the year were significantly impacted by the HVIP voucher delays,” said Workhorse CFO Bob Ginnan.

Global Automotive Lighting Market Analysis Report 2023-2028: LEDs, OLEDs, and Laser Lights - Technological Advancements Reshape Automotive Lighting - ResearchAndMarkets.com

Retrieved on: 
Friday, December 15, 2023

The global automotive lighting market in 2022 stood at US$33.67 billion, and is likely to reach US$48.80 billion by 2028.

Key Points: 
  • The global automotive lighting market in 2022 stood at US$33.67 billion, and is likely to reach US$48.80 billion by 2028.
  • The global automotive lighting market value is projected to grow at a CAGR of 6.38%, during the forecast period of 2023-2028.
  • Global Automotive lighting Market Dynamics:
    Growth Drivers: Increasing sales and production of automotive vehicles has the potential to boost the growth of the automotive lighting market.
  • Global automotive lighting market is competitive with the top six players controlling more than 75% of the global market.