Month: June 2021

Global Connected Cars Outlook Report 2021: With Revenue Potential of $15-$20 Billion by 2025, the Creation of Software-defined Vehicles and Innovative Business Models is More Critical than Ever

DUBLIN–(BUSINESS WIRE)–The “Global Connected Cars Outlook, 2021” report has been added to ResearchAndMarkets.com’s offering.

The COVID-19 pandemic has accelerated – rather than affected – growth prospects for the global connected cars market.

Technology implementation has increased, and the post-pandemic situation appears to be a positive one for all stakeholders. The pandemic is a blessing in disguise as innovative features such as embedded connectivity, bio-based health monitoring, and non-touch-based haptics such as gesture recognition will be quickly implemented in vehicles due to the urgent need for protection and risk aversion.

Start-ups and other mid-tier connected car technology firms are being pursued to support the implementation of these innovative vehicle features.

The market is undergoing a transformation, and automakers are evolving into technology firms and appear to be on an equal footing with technology giants, with some of them opting for a collaborative approach to capture market share. Business transformations

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The global chip shortage is leaving car makers stuck in the slow lane

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This May, car manufacturers produced less than 55,000 vehicles, only half as much as two years ago.


Monty Rakusen / Getty Images

The production of cars in the UK has more than halved compared to the same period before the COVID-19 pandemic, due at least in part to an on-going shortage of chips that are needed to power everything from engine management systems to in-car entertainment. 

According to the Society of Motor Manufacturers and Traders (SMMT), this May car manufacturers produced almost 55,000 vehicles in the UK – a number that, at first glance, seems healthy in comparison to the meagre 5,314 cars that were produced in the same month of the previous year.  

But 2020’s statistics have to be put in context: with the COVID-19 pandemic rapidly gathering pace, factory lines came to a halt as most manufacturers decided to close their facilities altogether, in line with government guidance.

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Self-driving cars: A full explainer on the road to autonomy

Self-driving cars, frankly, have a long way to go. There’s been a ton of promise surrounding the technology, but the big disappointments fall on Level 4 autonomous technology. Don’t know what that is? You’ll want to read on.

I largely agree with former Alphabet Chairman Eric Schmidt’s view that “it’s a bug that cars were invented before computers.” In terms of sheer technical elegance, we never should have been at the controls in the first place. 

Imagine we hadn’t yet invented automobiles. Suppose I Iaid out a vision for using 3,300 pound machines to typically transport just our 175-pound selves in a process requiring we pay rapt attention to the use of a steering wheel and pedals to navigate roads composed of asphalt, brightly colored suggestions and poorly guided machines like ours which, even after years of refinement, killed 36,000 Americans each year. You’d send me packing. 

History aside, vehicles

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Diesel Fuel

Many of the adjustments occurring in the automotive market today, including tightened credit score markets in a capital-intensive trade and increased government involvement are the newest global challenges. The U.S. Military additionally asked Harley-Davidson to provide a brand new motorcycle with most of the features of BMW’s facet-valve and shaft-driven R71. Harley-Davidson largely copied the BMW engine and drive prepare and produced the shaft-pushed 750 cc 1942 Harley-Davidson XA This shared no dimensions, no elements or no design ideas (besides side valves) with any prior Harley-Davidson engine. Due to the superior cooling of the flat-twin engine with the cylinders throughout the body, Harley’s XA cylinder heads ran 100 °F (56 °C) cooler than its V-twins. 40 The XA never entered full manufacturing: the motorcycle by that time had been eclipsed by the Jeep as the Military’s general objective automobile, and the WLA—already in production—was enough for its restricted police, escort, … Read More