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Automotive Camera Market 2019 by industry trends, statistics, key companies growth and regional forecast

The increasing number of road fatalities is compelling the demand for advanced safety features in vehicles, further increasing the automotive camera market demand.

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The adoption of of automotive camera market products is anticipated to increase in the passenger vehicle segment to provide various safety features such as autonomous braking system, lane departure warning, and blind spot detection. These cameras are integrated with dashboards to provide real-time and reliable proof in case of accidents. Additionally, these cameras are used to offer a surround view to drivers for viewing the vehicle surrounding & environment, reducing the possibilities of accidents.

Automotive Camera Market is expected to exceed USD 19 billion by 2025. Growing concerns regarding passenger & pedestrian safety will drive the industry growth over the forecast timespan. The innovation of Advanced Driver-Assistance System (ADAS) coupled with the increasing customer demand for active safety features in vehicles will support the industry growth. Additionally, the rise in the number of road fatalities is expected to surge the adoption of these sensors in newly developed vehicles. Several government initiatives coupled with the growing influence of the global New Car Assessment Program (NCAP) will further contribute to the automotive camera market expansion.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3340

Trifocal cameras are expected to grow rapidly in the automotive camera market due to their better viewing features. This system utilizes three cameras to offer a broader view, offering accurate distance between objects and vehicles. These cameras have improved depth perception & distant-object detection compared to mono & stereo cameras. These components can detect the sudden appearance of pedestrians or other objects that may lead to accidents, assisting drivers to avoid them. The rapid development of semi-autonomous & autonomous vehicles is expected to increase the adoption of trifocal cameras, which are further contributing to the automotive camera market growth. The global car manufacturers are integrating these cameras in vehicles to differentiate their mid-priced & economic vehicles.

The increasing number of road fatalities is compelling the demand for advanced safety features in vehicles, further increasing the automotive camera market demand. These cameras are used in vehicles for various applications including lane departure warning, park assist, surround view, and traffic sign recognition. Additionally, these sensors are used in driver monitoring systems to detect the drowsy behavior of drivers, preventing accidents. The vehicle vision system keeps track of various facial expressions of drivers and transmits a warning sound if it detects drowsy behavior.

The rising production of passenger & commercial vehicles in the European countries will drive the automotive camera market growth in the region. According to the European Automotive Manufacturers Association, the passenger cars produced in Europe accounted for nearly 24% of global passenger car production in 2018. Moreover, several regulations & safety standards for car manufacturers in the European Union for reducing the number of road fatalities will provide lucrative opportunities for players operating in the automotive camera market.

Browse key industry insights spread across 250 pages with 379 market data tables & 22 figures & charts from the report, “Automotive Camera Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/automotive-camera-market

The prominent players operating in the automotive camera market are Continental AG, Magna International Inc., Robert Bosch GmbH, Intel Corporation, Aptiv PLC., Valeo, Automation Engineering Inc., and STONKAM CO., LTD., etc.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Infor Partners with China’s Industry Experts & Customer Dongfeng to Discuss New Opportunities for Smart Manufacturing in the New Normal

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SHIYAN, HUBEI – Media OutReach – 20 November 2020 – Infor, a global leader in business cloud software specialized by industry, today joined hands with one of its customers, the Equipment Company of Dongfeng Motor Corporation (hereinafter Dongfeng Equipment), to hold a media walk-in tour at Dongfeng Equipment’s manufacturing base to discuss smart manufacturing and opportunities in the new normal.

As part of the event, a small seminar series involving industry experts was held to introduce attendees to Infor’s solutions, their implementation and share with media how Infor’s digital transformation solutions can help enterprises overhaul their manufacturing business. The seminars covered topics ranging from digital transformation in the automotive and automotive equipment manufacturing fields, the implications of China’s 14th Five-Year Plan on digital transformation, best practices for intelligent manufacturing and more. After the seminar series, discussion groups were held to allow experts, media and enterprise leaders alike to learn together and discuss ideas about the future of digital transformation.

Dongfeng Equipment implemented two digital transformation solutions from Infor, namely Infor LN, and Infor EAM, helping it to standardize its business, processes and data management. Dongfeng Equipment was also able to establish a real-time production system, business and financial integration, full-spectrum quality control, and comprehensive traceability. During the pandemic, they were able to quickly transition to producing protective masks.

Dongfeng’s digital journey with Infor has also been recognized by the International Data Corporation (IDC), which awarded Dongfeng Equipment for their digital transformation successes —  “boosting quality and efficiency” with the help of Infor’s digital solutions back in September 2020.

“Before we set down the path to digital transformation with Infor, Dongfeng Equipment was struggling to manage all of the diverse tasks required by our operations,” said Fang Mingqiang, chief engineer of information systems planning at Equipment Company of Dongfeng Motor Co., Ltd. “Infor’s flexible yet powerful solutions allowed us to optimize and standardize our processes company-wide to better keep up with the rigorous and dynamic demands of modern automotive equipment manufacturing, greatly increasing performance, lowering costs and boosting customer satisfaction. With this media tour and seminar series, we hope to show the world the great strides we’ve made with Infor as our partner, while demonstrating the ways in which other equipment manufacturers empower digital transformation with the help of Infor’s solutions as we move into the future.”

During the talks, Infor spokespeople Becky Xie, Vice President of Sales for Greater China and Korea, Chong Lu, Director of Business Consulting for Greater China and Korea and other experts from a variety of industries helped introduce Infor’s solutions and explain how these solutions can help businesses during the new normal left in the wake of the Covid-19 pandemic.

“The pandemic has left us in the midst of a new normal, and many enterprises, whether they be in manufacturing or other fields are still trying to find ways to not only adjust, but leverage the opportunities within this crisis to succeed and flourish as they move forward,” said Dr. Pei Huang, President of Eworks. “Intelligent manufacturing solutions can help businesses better meet some of the supply chain, distribution, personnel and other challenges that arose during the initial outbreak and after Covid-19 had run its course. I am confident that Infor’s solutions can help other businesses find the same success Dongfeng Equipment has seen.”

“As organisations head into uncertain times in the new year, Infor is a strategic partner with a portfolio of industry-specific solutions that can help reconfigure operations and transform businesses to achieve success,” said Becky Xie, Vice President of Sales for Greater China and Korea. “We are confident that Dongfeng Equipment will benefit from its use of Infor LN and Infor EAM solutions, and are excited that it is also helping to bring together top industry experts, media and manufacturers alike to up-level industry knowledge on smart manufacturing, and discuss the possibilities that our solutions can help open up.”

Media contact

Phyllis Tan

Infor Asia Pacific

+65 9799 9133

[email protected]

About Infor

Infor is a global leader in business cloud software specialized by industry. Providing mission-critical enterprise applications to 67,000 customers in more than 175 countries, Infor software is designed to deliver more value and less risk, with more sustainable operational advantages. We empower our 17,000 employees to leverage their deep industry expertise and use data-driven insights to create, learn and adapt quickly to solve emerging business and industry challenges. Infor is committed to providing our customers with modern tools to transform their business and accelerate their own path to innovation. To learn more, please visit www.infor.com.

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Joinland Group Delivering Socio-Economic Benefits To Papua New Guinea Islanders

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Over 3 Million Trees Planted on New Hanover Island

 

KUALA LUMPUR, MALAYSIA – Media OutReach – 20 November 2020 – The Joinland Group, a diversified Malaysian conglomerate of varied business interests, has planted over 3 million trees on the Papua New Guinea (PNG) island of New Hanover since the inception of its agriculture and forestry venture, the Central New Hanover Agro-Forestry Project in 2012.

 

This milestone achievement is just one of many initiatives that the Joinland Group has undertaken to ensure the long-term and sustainable socio-economic development of both the island and its residents — meeting its commitments as a responsible partner to the island community.

 

Since the New Hanover Project began, Joinland Group has planted 2.5 million rubber trees, 560,000 cocoa trees and 54,000 coconut trees in order to create sustainable jobs and income for local residents and landowners both now and in the future.

 

Commenting on this achievement Dato’ Sri Thomas Hah Tiing Siu, the founder of Joinland, said, “We are happy to have achieved this tree planting milestone. Our New Hanover project in Papua New Guinea is benefitting members of the surrounding communities as the efforts of our labour over the past eight years are starting to bear fruit. Our goal is to empower the people of New Hanover and provide opportunities for them to earn income both in the short and long term.”

 

Joinland’s New Hanover Project, which covers a total of 56,592 hectares, was always planned as a long-term project with several phases designed to contribute to the economic and social growth of the residents of New Hanover. The first phase, which was to develop New Hanover’s underutilised land in a sustainable manner, is well underway. While Joinland has already planted over 3 million trees, the company is committed to hitting a target of 5 million by 2022.

 

The second phase of the project, encompassing the processing and marketing of the agricultural crops, is currently in progress with the objective of ensuring that New Hanover’s farmers and landowners reap maximum value for these agricultural resources. The third phase of the project is also already underway. This phase is focused on environmental sustainability, primarily the reforestation of areas cleared as part of the project.

 

Currently Joinland is planting 15 essential native tree species for every single tree cleared as part of its forestry activities, which fund all the socio-economic investments that the company is making to benefit the residents of New Hanover and the Papua New Guinea government via enhanced tax revenues. So far, the company has planted over 800,000 calophyllum trees, as part of its effort to preserve the natural ecosystem of the island.”

Concluding Dato’ Sri Thomas, said, “Joinland has clearly demonstrated its long-term commitment to the sustainable socio-economic development of New Hanover and its residents. We are happy with what we have achieved to date, but are also determined to maintain and even enhance our efforts in partnership with the Papua New Guinea government, New Hanover stakeholders and residents moving forward. We remain committed to successfully developing the island and improving the lives of everyone on it.”

 

About Joinland Group

The Joinland Group is a diversified Malaysian conglomerate including property, plantation, forestry and agricultural management, insurance and shipping businesses, to name a few. The company operates businesses and investments in many markets including Malaysia, Singapore, Brunei, Australia, Papua New Guinea, China and New Zealand, among others.

 

The company was founded by Dato’ Sri Thomas Hah Tiing Siu, a self-made entrepreneur who started out in the cold storage business. In 2013 he was awarded the honorary title of Dato’ Sri by the Sultan of Pahang (Malaysia) in recognition of his management skills and business acumen in building the Joinland Group.

 

For more information on the Joinland Group please visit www.joinlandgroup.com.my

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Connected Fitness Start Up Vitruvian Raises USD$2.5 Million Capital Seed Round Investment

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PERTH, AUSTRALIA – Media OutReach – 25 November 2020 – Vitruvian, an Australian Connected Fitness Technology company, has announced that they have raised USD $2.5m (AUD$3.42m) in capital from industry-leading strategic investors, despite a global pandemic.

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This injection allows Vitruvian to ramp up production of their revolutionary strength training device, the V-Form Trainer, which opens to the global retail market tomorrow after months of demand.

 

Evolution Wellness Group, based in South-East Asia with a portfolio of influential fitness and wellness brands, recognised the value in Vitruvian after trying one of the prototype devices and were quick to lead the round.

 

Evolution Wellness CEO Simon Flint immediately saw the potential of the innovative product.

 

“Upon the formation of Evolution Wellness in 2017, we were clear about our ambition and direction for the company, which was to build value with a diverse and exciting portfolio of brands. Our investment in Vitruvian marks our first major foray into the area of connected fitness and is another stepping stone in fulfilling our growth ambition in this fast-paced industry.

 

Jon and the team have built a first-class product which is going to perform extremely well as it takes a unique spot in the connected fitness category; we look forward to playing a pivotal role in their growth journey to bring the V-Form Trainer into new markets and help more people pursue their health and fitness goals,” said Flint.

 

The investment was quickly secured after Vitruvian’s successful pre-order campaign, which outsold global category leader Peloton’s pre-order campaign.

 

The V-Form Trainer promises to dramatically improve the efficiency and accessibility of resistance training.

 

Driven by intelligent algorithmic technology, the device does away with static weight entirely, rather, it modifies weight loading between 5kg and 180kg to match the user’s ability.

 

Perth-based founder Jon Gregory, a former high frequency trader whose experience with algorithm-building is the foundation of the device’s offering, was thrilled by the success of the launch.

 

“The response from consumers has been overwhelming, I knew we were onto something after spending the last 10 years iterating the technology, but I am glad the general fitness community has also bought into what we are building,” says Gregory.

What they’re saying about the V-Form Trainer

 

It’s almost overwhelming, because I’ve been working for the last 15 years to perfect an eccentrics protocol delivery and 31 years trying to perfect a training system in general — and this changes the game so much.”
–Jim Clarry, Founder Studio Perseverance & Strength Training Authority

 

“I’m blown away by the efficiency of Vitruvian technology. The device automatically knows if it needs to reduce or increase the weight load and it adapts to how you are lifting during your rep. Plus it enables you to train all major and minor muscle groups in the comfort of your own home!” —Amanda Bisk, Exercise Physiologist & Elite Athlete

 

“As a fitness expert I have seen a lot of things come and go in this industry. Most of the things I was glad to see go. When I got my hands on the V-Form I was intrigued to use it. The technology truly takes the science of strength training and puts it into a platform that anyone can understand! — Joey Thurman, Celebrity Trainer

Powerful Smart Tech

 

Using innovative custom-developed motor systems, the V-Form Trainer can output enough resistance for max lifts up to 180kg.  The adaptive force algorithm manages load, dynamically changing resistance to slash the time it takes to build muscle, while logging performance data to monitor progress. Train in a variety of modes: it’s the first device to empower users to train truly eccentrically at significant loads without static weight and without a spotter.

 

Versatile Flexibility

 

The connected app and accessories guide full-body, customizable workouts, with over 200 exercises across all muscle groups. Coached classes and technique tutorials are delivered by leading professional trainers.

 

Sleek Design


Carbon fiber, smooth finish and dynamic lighting make the V-Form Trainer a  sophisticated home feature. Customizable LEDs respond to your force load and the light, flat platform easily stores away out of sight.

 

Named for Leonardo Da Vinci’s famous drawing of the ideal human physique, Vitruvian empowers users to find their perfect form with unique technology. It’s resistance revolutionized — the smartest way to train. Learn more at vitruvianform.com.
Follow @vitruvian.form.

 

About Evolution Wellness Group

Established in 2017, Evolution Wellness is Asia’s leading health and wellness group with a vision to build a comprehensive wellness ecosystem. Its diverse portfolio of highly complementary brands spans the spectrum of fitness offerings from high value low price (HVLP), to full service and premium boutique gyms, virtual fitness, connected fitness, wellness and a subscription-based SaaS membership management system. Besides its core business as owner and operator of Asia’s largest network of wholly-owned fitness clubs, Evolution Wellness also offers an attractive licensing programme for its HVLP brand GoFit and premium boutique brand FIRE Fitness, joint venture opportunities and management consultancy for its wellness brand, Fivelements.

For more information about Evolution Wellness, portfolio brands, and services, please visit www.evolutionwellness.com.

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