Automotive industry

Power Semiconductor Global Market to 2028: Players Include Infineon Technology, ON Semiconductor, STMicroelectronics, Mitsubishi Electric and Toshiba

Retrieved on: 
Friday, March 24, 2023

The global power semiconductor market was valued at US$46.72 billion in 2022.

Key Points: 
  • The global power semiconductor market was valued at US$46.72 billion in 2022.
  • Power semiconductors are used to rectify and amplify electrical signals or turn the flow of electricity on and off.
  • Moreover, the demand for power management devices such as voltage regulators, power switches, and power drivers is increasing due to the growing complexity of electronic systems, which is further contributing to the power semiconductor market growth.
  • The key players in the global power semiconductor market are:

Global Industrial Machine Vision Camera Market Report to 2028: Surge in Adoption of Artificial Intelligence, Industrial Robots and Industry 4.0 Drives Growth

Retrieved on: 
Friday, March 24, 2023

Growth Drivers: One of the most important factors impacting the global industrial machine vision camera market is the surge in adoption of industrial robots.

Key Points: 
  • Growth Drivers: One of the most important factors impacting the global industrial machine vision camera market is the surge in adoption of industrial robots.
  • Challenges: However, the market has been confronted with some challenges specifically, high cost of industrial machine vision camera and difficulty in maintenance of industrial machine vision camera, etc.
  • Embedded machine vision is becoming increasingly popular in the industrial machine vision camera market as it offers a compact and cost-effective solution for many industrial applications.
  • Global industrial machine vision camera market is concentrated market with top 3 players - Keyence, Teledyne Technologies Incorporated and Cognex hold around 47% of market share.

EQS-News: ​​​​​​​Eckert & Ziegler Plans Change of Legal Form to European Stock Corporation (SE)

Retrieved on: 
Friday, March 24, 2023

The Executive Board and Supervisory Board of Eckert & Ziegler AG (ISIN DE0005659700, TecDAX) have decided to prepare the conversion of the company into a European Company (Societas Europaea, SE) by changing its legal form.

Key Points: 
  • The Executive Board and Supervisory Board of Eckert & Ziegler AG (ISIN DE0005659700, TecDAX) have decided to prepare the conversion of the company into a European Company (Societas Europaea, SE) by changing its legal form.
  • The dualistic management system, consisting of an Executive Board as the management body and a Supervisory Board as the supervisory body, is also to continue under the SE legal form.
  • "With the change of legal form, we want to underline Eckert & Ziegler's positioning as a future-oriented international healthcare company," explains Dr Harald Hasselmann, member of the Executive Board of Eckert & Ziegler AG.
  • The SE conversion will fundamentally not affect the legal position of the shareholders of Eckert & Ziegler AG.

Lear Wins a General Motors 2022 Supplier of the Year Award

Retrieved on: 
Friday, March 24, 2023

SOUTHFIELD, Mich., March 24, 2023 /PRNewswire/ -- Lear Corporation (NYSE: LEA), a global automotive technology leader in Seating and E-Systems, today announced it was recognized as a GM Supplier of the Year during General Motors' 31st annual Supplier of the Year event held earlier this week in San Antonio, Texas.

Key Points: 
  • GM's Supplier of the Year award recognizes global suppliers that distinguish themselves by exceeding GM's requirements, in turn providing customers with innovative technologies and among the highest quality in the automotive industry.
  • This is the 22nd time Lear has won the award.
  • "It is a great honor to be recognized by one of our longest-standing and valued customers, General Motors," said Ray Scott, Lear President and CEO.
  • I would like to thank the Lear team for its commitment to developing and manufacturing technologies that provide innovative, value-creating products to our customers."

Global Power Semiconductor Market to 2028: Increasing Demand for Electric Vehicles (EVs) and Escalating Adoption of Industrial Automation Drives Growth - ResearchAndMarkets.com

Retrieved on: 
Friday, March 24, 2023

The global power semiconductor market was valued at US$46.72 billion in 2022.

Key Points: 
  • The global power semiconductor market was valued at US$46.72 billion in 2022.
  • Based on operating features, power devices are used in power transmission and distribution, automotive and transport, renewable energy, consumer electronics, and other industrial applications.
  • Moreover, the demand for power management devices such as voltage regulators, power switches, and power drivers is increasing due to the growing complexity of electronic systems, which is further contributing to the power semiconductor market growth.
  • Therefore, the demand for smart grids is increasing in the US which is significantly contributing to the demand for power semiconductors.

Global Industrial Machine Vision Camera Market Report 2023: Sector to Reach $4.26 Billion by 2028 from $2.84 Billion in 2022 - ResearchAndMarkets.com

Retrieved on: 
Friday, March 24, 2023

The global industrial machine vision camera market in 2022 was valued at US$2.84 billion.

Key Points: 
  • The global industrial machine vision camera market in 2022 was valued at US$2.84 billion.
  • Industrial machine vision cameras are specialized cameras designed for use in industrial automation and quality control applications.
  • Inspection is the key driver to machine vision camera adoption, given the labor-saving opportunity with 35 million product inspectors worldwide.
  • Given the wide applications of industrial machine vision cameras in the manufacturing sector, the manufacturing industrial machine vision camera market is expected to propel during forecasted years.

Automotive Power Management Integrated Circuits (PMIC) Industry Report, 2023: China Set to Replace Foreign Products with Home-Grown Manufacturing

Retrieved on: 
Thursday, March 23, 2023

DUBLIN, March 23, 2023 /PRNewswire/ -- The "Automotive Power Management Integrated Circuits (PMIC) Industry Report, 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 23, 2023 /PRNewswire/ -- The "Automotive Power Management Integrated Circuits (PMIC) Industry Report, 2023" report has been added to ResearchAndMarkets.com's offering.
  • Automotive power management integrated circuits (PMIC) find broad application in vehicle intelligent cockpits, autonomous driving, body electronics, clusters and entertainment systems, lighting systems, and BMS.
  • The enormous supply gap in automotive power battery management system AFE ICs creates a strong desire to replace foreign products in China.
  • High technical barriers, high automotive certification requirements, big challenges, and long cycle are constraints on the mass production of automotive AFE ICs in China.

Motorcars Toyota Becomes Martin Motors of Cleveland

Retrieved on: 
Thursday, March 23, 2023

Wild helped facilitate the deal, which closed on March 8, 2023, between owners Matt and Chuck Gile and the Martin Automotive Group.

Key Points: 
  • Wild helped facilitate the deal, which closed on March 8, 2023, between owners Matt and Chuck Gile and the Martin Automotive Group.
  • The dealership, which will become Martin Motors of Cleveland, Inc. dba Toyota Cleveland Heights, is located at 2950 Mayfield Rd.
  • “It was imperative that we chose the right firm to represent us in the sale of Motorcars Toyota,” stated Matt Gile previous owner of Motorcars Toyota.
  • Motorcars Toyota is the sixth Toyota dealership that the Tim Lamb Group has brokered in the past year.

TruVideo Launches Groundbreaking Service AI Suite Tailored to Drive Customer Experience for the Automotive Industry

Retrieved on: 
Thursday, March 23, 2023

Building on the foundation of their highly-successful sentiment analysis, TruVideo has leveraged the best elements of various AI and Generative AI models to deliver cutting-edge solutions and unparalleled customer experiences.

Key Points: 
  • Building on the foundation of their highly-successful sentiment analysis, TruVideo has leveraged the best elements of various AI and Generative AI models to deliver cutting-edge solutions and unparalleled customer experiences.
  • Based on an analysis of every text, dealership staff are notified in real time when a customer requires extra attention, ensuring proactive and responsive customer care.
  • The service AI suite is the first phase of a set of comprehensive solutions aimed across the entire customer experience funnel planned by TruVideo.
  • If you're interested in harnessing the power of TruVideo's AI solutions, please reach out to our partner coordinator at [email protected] .

Global Lithium-ion Battery Binders Market Report 2023: Sector to Reach $3.7 Billion by 2027 at a CAGR of 18.7%

Retrieved on: 
Thursday, March 23, 2023

The lithium-ion battery binders market is projected to grow from USD 1.6 billion in 2022 to USD 3.7 billion by 2027, at a CAGR of 18.7% from 2022 to 2027.

Key Points: 
  • The lithium-ion battery binders market is projected to grow from USD 1.6 billion in 2022 to USD 3.7 billion by 2027, at a CAGR of 18.7% from 2022 to 2027.
  • All these characteristics of lithium iron phosphate battery is expected to enhance its usage in electric components, enhancing the market for lithium-ion battery binders.
  • The industrial segment of the lithium-ion battery binders market by end-use is expected to account for the largest market share during the forecast period.
  • Asia Pacific accounts for the largest market share for the lithium-ion battery binders market during the forecast period.