Search results for: 'its investment'

02 Jul 2021  |  Global  |  Market Research

The Global Semiconductor Chip Shortage Crisis and Its Effects on the Automotive Industry

About 1.38 Million Fewer Units Were Produced in Q1 2021 Due to Shutdowns and Production Slowdowns Arising from the Chip Shortage. The Situation Could Worsen, and Production is Likely to Reduce by a Further 2.40 Million Units in Q2 2021

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The rising trend of the electrification of vehicles has increased automakers dependency on semiconductor chips, making them a critical component in new-gen cars. Toward the end of 2020, the global shortage of semiconductor chips forced many OEMs to temporarily suspend vehicle production or reduce the working shifts in their factories. Leading OEMs ...

Generative AI (Gen AI) continues to create an impact across industries including automotive. In the next decade, Gen AI is expected to significantly influence automotive value chains, increase efficiency, productivity, and reduce wastes. In the supply chain, it will be used to optimize inventory and demand forecasting while in product development i...

This study examines the development prospects that artificial intelligence (AI) offers the commercial vehicle (CV) industry, focusing on both the revolutionary potential of AI and the difficulties businesses face in fostering growth, including complicated regulations, high capital expenditure, and challenges in incorporating new technology into pre...

This study presents a comprehensive overview of the global battery electric vehicle (BEV) market slowdown, with a particular emphasis on developments between 2020 and 2024. It thoroughly examines the deceleration in BEV sales growth, highlighting the growing disparity between production volumes and actual vehicle deliveries. The report contrasts...

10 Oct 2024  |  Global  |  Market Research

Commercial Vehicle Market, Saudi Arabia, 2024 2035

Saudi Arabia is Experiencing Transformational Growth by Diversifying its Economy with Vision 2030, Which Focuses on the Automotive Sector, Aiming to Boost Local Manufacturing and Innovation

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Saudi Arabia is undergoing significant economic transformation driven by its Vision 2030 initiative, which aims to reduce dependency on oil and diversify revenue sources. Historically reliant on oil exports, the kingdom is enhancing non-oil sectors to foster sustainable growth. As the second-largest contributor to the Middle East economy after the ...

The supply chain across industries is becoming more complex, and real-time freight visibility is the most sought factor among the logistics and transportation stakeholders for long-term competitiveness. For shippers and logistics fulfilment service providers, supply chain disruptions significantly affect the top and bottom lines. The impact of mali...

As wearables technology becomes more ubiquitous, it allows for new avenues of consumer interaction and data collection. As the world becomes increasingly connected, consumers will demand that their vehicles be connected with their wearables technology, which will open up various opportunities for automotive-related applications that will be enabled...

This study analyzes the global truck retailing digital transformation market. Truck retailing and its business model is obsolete and is ready for an overhaul. Digitization will be the solution to help drive change in the truck retail business model and the strategies of leading OEMs/dealers. Digitalization in truck retailing will impact 5 key areas...

02 Aug 2023  |  Global  |  Market Research

OEM Risk Mitigation Strategies for the Chip Shortage

The Chip Shortage Crisis has Permanently Impacted the Automotive Industry, Rendering it Wary of Supply Competition, and it is Rebalancing Global Automotive Chip Supply Chains

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Key Issues Addressed

The automotive industry is heavily reliant on semiconductor chips for various critical functions, including engine management, infotainment systems, and advanced driver-assistance systems (ADAS). However, the global shortage of semiconductor chips, which emerged in 2020 and continued into 2022, has severely impacted automotive original equipment ma...