Search results for: 'software as a service transition'

A digital twin is a virtual replica of a product, system, or process. Geopolitical tensions arising as a result of the COVID-19 pandemic, trade disputes, wars between countries, and other factors have prompted automakers and their suppliers to employ digital technologies to minimize operational disruptions, reduce costs and resource utilization, re...

15 Oct 2019  |  North America  |  Market Research

Groupe PSA’s Automotive Growth Strategies, 2019–2025

2 Modular Platforms, 100% Electrified LCVs, New Mobility Solutions, and At Least 2 New Overseas Markets to be the Key Building Blocks of PSA’s Push to Pass Growth Strategy

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Groupe PSA has gained significant attention from the automotive industry, with its turnaround from loss making to generating profit. Since then, the company has shown impressive growth, with 35% revenue increase from 2014 to 2018, and became the second largest OEM in Europe in terms of passenger vehicle sales. It also acquired another loss-making a...

27 Dec 2018  |  Asia Pacific  |  Market Research

ADAS Market for Passenger Cars in China, 2017–2025

ADAS Sales to Achieve 69.4 Million Units by 2025 in China

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In 2017, the Advanced Driver Assistance System (ADAS) market for passenger cars recorded 15.5 million in unit sales. The market is expected to experience rapid growth at a compound annual growth rate (CAGR) of 20.6% during 2017–2025. Sales volumes are likely to increase to 69.4 million units in 2025. As an emerging market, the ADAS market for pass...

The increasing rate of urbanization and growing traffic in major cities around the world have opened up new opportunities for micro-mobility transportation. One such emerging mico-mobility option is the quadricycle. This study aims to provide a strategic overview of the quadricycle industry, identifying and examining the factors contributing to the...

Traditional manufacturing centers on the process of generating new resources for production whereas a circular economy model aims to minimize the use of virgin materials in the manufacturing process, making the value chain sustainable. The focus is on reclaiming, reusing, and remanufacturing components and materials from end-of-life (EOL) products....

11 Sep 2018  |  Global  |  Market Research

Strategic Analysis of the Renault-Nissan-Mitsubishi Alliance

By Launching 12 New EV Models, the Alliance is Set to be the First to Cross the One-million-a-year Sales Mark by 2022

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In 2017, the Renault-Nissan-Mitsubishi Alliance sold an estimated 10.6 million passenger vehicles and light commercial vehicles (LCVs), making it the best-selling automotive group in the world. Such an achievement stems from the Alliances commitment to driving maximum synergies, while enabling individual brands to retain their distinct identitie...

30 Mar 2020  |  Global  |  Market Research

Samsung C.A.S.E. and Digital Strategies in the Global Automotive Industry, Forecast to 2025

Harman, DRVLINE, and SDI Subsidiaries to Dominate a Combined $1 Trillion Technology Market

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Samsung is one of the world's biggest technology companies. It is arguably most popular for its wide and technologically advanced range of consumer electronics as well as home appliances. However, its capabilities also extend to various other industries and areas of expertise, including automotive, infrastructure engineering, construction, trading,...

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 ...

This research service discusses in detail the Automotive Outlook in ASEAN during 2018 and presents the expected trends for 2019. The study provides an analysis of the automotive outlook in the region with a focus on the three key markets in ASEAN—Thailand, Malaysia, and Indonesia. It also touches upon the trends in other ASEAN countries with smalle...