Automotive industry

System Integrator Market worth $40.3 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 20, 2024
Component, ATS, PLC, AGV, Artificial intelligence, Articulated vehicle, PAM, Statistics, Automation, Medication, SCADA, Integrator, Machine vision, Information technology, AMR, Process control block, DCS, Oil, Process, SCARA, Maverick Technologies, Functional safety, Controller, User interface, Digital twin, Robotics, Programmable logic controller, Machine learning, Automotive industry, HMI, Growth, MES, Instrument, Remote terminal unit, Hardware, Condition monitoring

Continuous advancements in industrial robotics technologies, including collaborative robots (cobots), machine learning, and artificial intelligence, drive increased adoption.

Key Points: 
  • Continuous advancements in industrial robotics technologies, including collaborative robots (cobots), machine learning, and artificial intelligence, drive increased adoption.
  • Moreover, the fourth industrial revolution, Industry 4.0, emphasizes the integration of digital technologies into industrial processes.
  • Industrial robots are a crucial component of Industry 4.0, and system integrators are essential in facilitating the seamless integration of robotic systems with other smart technologies.
  • These factors are contributing to the highest market share in system integrators market.

System Integrator Market worth $40.3 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, March 20, 2024
Component, ATS, PLC, AGV, Artificial intelligence, Articulated vehicle, PAM, Statistics, Automation, Medication, SCADA, Integrator, Machine vision, Information technology, AMR, Process control block, DCS, Oil, Process, SCARA, Maverick Technologies, Functional safety, Controller, User interface, Digital twin, Robotics, Programmable logic controller, Machine learning, Automotive industry, HMI, Growth, MES, Instrument, Remote terminal unit, Hardware, Condition monitoring

Continuous advancements in industrial robotics technologies, including collaborative robots (cobots), machine learning, and artificial intelligence, drive increased adoption.

Key Points: 
  • Continuous advancements in industrial robotics technologies, including collaborative robots (cobots), machine learning, and artificial intelligence, drive increased adoption.
  • Moreover, the fourth industrial revolution, Industry 4.0, emphasizes the integration of digital technologies into industrial processes.
  • Industrial robots are a crucial component of Industry 4.0, and system integrators are essential in facilitating the seamless integration of robotic systems with other smart technologies.
  • These factors are contributing to the highest market share in system integrators market.

The Digital Cockpit Domain Controller is Rapidly Gaining Popularity with Auto OEMs, Reaching 45 Million Shipments by 2030

Retrieved on: 
Wednesday, March 20, 2024
Research, Advanced driver-assistance system, Growth, Original equipment manufacturer, Control Panel (Windows), Digital, Xen, ADAS, ABI, Great Wall Motor, Smart mobility, Domain controller (Windows), Blackberry, Originality, OEM, Écu, CDC, Automotive industry, Silicon, Renewable energy

According to a new report from global technology intelligence firm ABI Research, worldwide shipments of CDCs will reach 45 million by 2030, growing at a CAGR of 72%.

Key Points: 
  • According to a new report from global technology intelligence firm ABI Research, worldwide shipments of CDCs will reach 45 million by 2030, growing at a CAGR of 72%.
  • The cost efficiencies of space, weight, and wiring reduction are one of the primary drivers of this growth.
  • "We are seeing a global appetite for consolidation, ranging from infotainment with instrument clusters to incorporating high-level Advanced Driver-Assistance Systems (ADAS) features.
  • These findings are from ABI Research's Accommodating Mixed-Criticality Compute in Digital Cockpit Domain Controllers application analysis report.

The Digital Cockpit Domain Controller is Rapidly Gaining Popularity with Auto OEMs, Reaching 45 Million Shipments by 2030

Retrieved on: 
Wednesday, March 20, 2024
Research, Advanced driver-assistance system, Growth, Original equipment manufacturer, Control Panel (Windows), Digital, Xen, ADAS, ABI, Great Wall Motor, Smart mobility, Domain controller (Windows), Blackberry, Originality, OEM, Écu, CDC, Automotive industry, Silicon, Renewable energy

According to a new report from global technology intelligence firm ABI Research, worldwide shipments of CDCs will reach 45 million by 2030, growing at a CAGR of 72%.

Key Points: 
  • According to a new report from global technology intelligence firm ABI Research, worldwide shipments of CDCs will reach 45 million by 2030, growing at a CAGR of 72%.
  • The cost efficiencies of space, weight, and wiring reduction are one of the primary drivers of this growth.
  • "We are seeing a global appetite for consolidation, ranging from infotainment with instrument clusters to incorporating high-level Advanced Driver-Assistance Systems (ADAS) features.
  • These findings are from ABI Research's Accommodating Mixed-Criticality Compute in Digital Cockpit Domain Controllers application analysis report.

Nucor Signs Agreement with Mercedes-Benz To Supply Econiq™-RE

Retrieved on: 
Wednesday, March 20, 2024
GHG, Carbon, NUE, Mercedes-Benz, Nucor, Growth, EVP, Automotive industry

About Nucor Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron/direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

Key Points: 
  • CHARLOTTE, N.C., March 20, 2024 /PRNewswire/ -- Today, Nucor Corporation (NYSE: NUE) announced that it has signed an agreement with Mercedes-Benz to supply Econiq™-RE for Mercedes-Benz models produced at their Tuscaloosa, AL manufacturing plant.
  • Since its inception in 2022, Econiq™ has led the global steel industry in certifying low-embodied carbon materials.
  • "Nucor is grateful for the opportunity to partner with Mercedes-Benz as a strategic supplier of lower-embodied carbon steel, which will reduce carbon emissions throughout their supply chain," said Dan Needham, EVP of Commercial.
  • In 2023, Nucor announced Net-Zero science-based greenhouse gas (GHG) targets for 2050 and used an average of nearly 80 percent recycled scrap through the company's circular production process.

WeaveGrid Kicks Off Partnership with American Center for Mobility to Test EV-Grid Integration Software

Retrieved on: 
Wednesday, March 20, 2024
EV, Original equipment manufacturer, EVS, SAN, Level 2, Software, ACM, Automotive industry, American Center, Mobile phone

SAN FRANCISCO and YPSILANTI, Mich., March 20, 2024 /PRNewswire/ -- WeaveGrid, a leading software company enabling the rapid integration of electric vehicles (EV) with the electric grid, today announced it was partnering with the American Center for Mobility (ACM) to test its innovative software with real-world EVs and charging infrastructure at ACM's Willow Run facility in Ypsilanti, Michigan. This effort will be supported by the Michigan Mobility Funding Platform, a grant awarded by the Michigan Economic Development Corporation and the Office of Future Mobility and Electrification (OFME).

Key Points: 
  • WeaveGrid launches an electric vehicle and charging test center at the American Center for Mobility's Willow Run facility.
  • This effort will be supported by the Michigan Mobility Funding Platform , a grant awarded by the Michigan Economic Development Corporation and the Office of Future Mobility and Electrification (OFME) .
  • WeaveGrid launches an electric vehicle and charging infrastructure test center with the American Center for Mobility.
  • "The American Center for Mobility is proud to collaborate with WeaveGrid on this innovative effort to improve the EV experience for drivers," said Reuben Sarkar, President and CEO of ACM.

Ninjas in Pyjamas and BYD Announce Global Strategic Partnership to Captivate Tech and Esports Enthusiasts Worldwide

Retrieved on: 
Wednesday, March 20, 2024
Partnership, ECU, BYD, Research, Esports, Ecosystem, Automotive industry

BEIJING, March 19, 2024 /PRNewswire/ -- Ninjas in Pyjamas (under NIP Group), one of the world's most legendary esports clubs, and BYD, a global pioneer in technological innovation, are excited to announce their global strategic partnership.

Key Points: 
  • BEIJING, March 19, 2024 /PRNewswire/ -- Ninjas in Pyjamas (under NIP Group), one of the world's most legendary esports clubs, and BYD, a global pioneer in technological innovation, are excited to announce their global strategic partnership.
  • The partnership endeavors to explore the overseas esports ecosystem, further extending the global reach of BYD's brand, products, and technology.
  • The broadening of this partnership aligns with the common pursuit of exploring global business development, connecting diverse cultural audiences, and building an esports community ecosystem.
  • The synergy between BYD's cutting-edge technology and NIP Group's dynamic esports ecosystem is poised to resonate with fans worldwide.

2024 AJAC Innovation Award winners announced by Automobile Journalists Association of Canada

Retrieved on: 
Wednesday, March 20, 2024
Automation, Volvo, Range Rover, Safety, The Economist, Sale, Crash, BMW, Lidar, SUV, Automotive industry

VANCOUVER, BC, March 19, 2024 /CNW/ - The three winners of the 2024 AJAC Innovation Awards, presented by the Automobile Journalists Association of Canada (AJAC), were announced today during the opening ceremonies of Elevate, the Vancouver Auto Show.

Key Points: 
  • VANCOUVER, BC, March 19, 2024 /CNW/ - The three winners of the 2024 AJAC Innovation Awards, presented by the Automobile Journalists Association of Canada (AJAC), were announced today during the opening ceremonies of Elevate, the Vancouver Auto Show.
  • The BMW 5th-Generation Electric Drive System is the winner of this year's AJAC Best Green Innovation award.
  • The Volvo EX90 Safety Suite received the award for Best Safety Innovation.
  • "AJAC is proud to recognize this year's best new technologies in our Innovation Awards," said Awards Chair, Graham Heeps.

DRÄXLMAIER Selects Ivalua to Digitally Transform Direct and Indirect Procurement Processes

Retrieved on: 
Tuesday, March 19, 2024
Spend, VW, Volkswagen, ISO 31000, Mercedes-Benz, CEE, Performance management, Rolls-Royce, Land Rover, BMW, Contract lifecycle management, Maserati, Analysis, Automotive industry

After careful consideration, DRÄXLMAIER selected Ivalua's platform including Supplier Risk & Performance Management, Sourcing, Contract Lifecycle Management and eProcurement to streamline its direct and indirect Spend.

Key Points: 
  • After careful consideration, DRÄXLMAIER selected Ivalua's platform including Supplier Risk & Performance Management, Sourcing, Contract Lifecycle Management and eProcurement to streamline its direct and indirect Spend.
  • "Ivalua's unified Spend Management platform allows us to digitize all key procurement processes for indirect and direct spend, including those unique to our company and the automotive industry," said Robert Suvak, Head of Global Procurement at DRÄXLMAIER.
  • Ivalua's ability to support all spend types, including direct, indirect and assets & tooling makes it an excellent fit for the industry.
  • "We look forward to empowering DRÄXLMAIER to digitize its direct and indirect procurement processes to continue to drive innovation," said Jan-Hendrik Sohn, Vice President DACH & CEE at Ivalua.

May Mobility recognized on Fast Company's 2024 list of the Most Innovative Companies

Retrieved on: 
Tuesday, March 19, 2024
ANN, MIC, Intelligence, Research, Transport, AI, Hope, City, Most, Mobility, Safety, B2B, Automotive industry

ANN ARBOR, Mich., March 19, 2024 /PRNewswire/ -- May Mobility, a leader in the development and deployment of autonomous vehicle (AV) technology, has been named one of Fast Company's Most Innovative Companies in the Automotive category. This recognition comes in light of May Mobility's efforts to revolutionize the autonomous vehicle industry with its differentiated business-to-government (B2G) and business-to-business (B2B) go-to-market strategy and its Multi-Policy Decision Making (MPDM) technology.

Key Points: 
  • 4 spot in the Automotive category
    ANN ARBOR, Mich., March 19, 2024 /PRNewswire/ -- May Mobility , a leader in the development and deployment of autonomous vehicle (AV) technology, has been named one of Fast Company's Most Innovative Companies in the Automotive category.
  • Fast Company reviewed thousands of companies from around the world, honoring an exemplary group of businesses that are driving innovation within their industries.
  • May Mobility's inclusion on the list comes following the launch of its first Rider-Only deployment in Sun City, Arizona.
  • "Our list of the Most Innovative Companies is both a comprehensive look at the innovation economy and a snapshot of the business trends that defined the year," said Fast Company editor-in-chief Brendan Vaughan.