Thursday 27 August 2015

Traction Watch: 5 connected car startups to watch

It’s pedal-to-the-metal time for connected cars. The market is expanding at a five-year compound annual growth rate of 45 percent, 10 times more than the overall car market, according to Business Insider. Take a look at these 5 connected car startups showing tremendous growth opportunity.

5 connected car startups to watch
Revenues for connected car services (for driver assistance and autonomous driving applications) will likely jump from 5 percent in 2014 to 11 percent by 2020, says SNS Research.

There are roadblocks ahead, of course. Remember carjacking? Today, the fear is more about car hacking. A July Kelley Blue Book survey found that nearly 80 percent of respondents believe vehicle hacking will become a frequent problem within three years.

Because many aren’t likely to buy a new car because it's "connected," the following startups are showing traction by transforming standard vehicles into connected cars.

Read more at: http://www.cio.com/article/2970439/demo/traction-watch-5-connected-car-startups-to-watch.html

Verizon's Hum could boost connected car market

Verizon’s newly launched Hum service sounds a lot like aftermarket OnStar: it can call for roadside assistance in the case of a breakdown, and will dispatch emergency services if it detects an accident, all through a Verizon  VZ 3.82%  cellular connection.

The Hum, which provides drivers with up-to-date information about their car’s health, isn’t the only connected car device on the market. It’s awfully similar to cheaper products that plug into your car’s onboard diagnostic port currently offered by two other well-funded connected car startups: Automatic Labs and Zubie.

It’s never a good sign for a startup when a giant corporation releases a similar product, but the auto telematics world is small enough at this time that a big brand, like Verizon, entering the market might boost consumer awareness about the entire category.

“One issue that’s keeping the market back is that the main providers in the market are small brands, unknown brands, so they have limited traction, limited marketing dollars to push these kinds of services,” says Jennifer Kent, research director at Park Associates. “It’s likely all of the players in this market could get a bump from Verizon.”

One key area where startups could distinguish themselves from Verizon is on price. Automatic Labs sells a $99 device that plugs into a car’s on-board diagnostics port. However, it doesn’t offer a cellular subscription just yet, but will reportedly be added to its next device. Meanwhile, its main competitor Zubie sells a device that includes cellular connection for a year, as well as similar connected features, in its $99 price.

Verizon’s Hum device is free, but the service costs $15 per month—and you’ve got to sign up for a two-year contract. Despite research that suggests that a majority of car owners would like to bundle their vehicle and smartphone data plans together, Hum is currently billed separately from its smartphone plans. Verizon is also unlikely to experiment with alternative business models that could eliminate the fee, in exchange for driver data.

Meanwhile, both startups offer features that Verizon doesn’t. For instance, Zubie can “monitor and coach” teen drivers, which is attractive to parents with teens behind the wheel for the first time. Zubie can also monitor whether a car leaves a geographic area and send an alert to parents. Automatic’s app includes Apple Watch support, as well as a program for novice drivers. Verizon’s main selling point is safety with its ability to automatically dispach roadside assistance, like OnStar.

When it comes to security, Hum matches up much better in terms of features and price to OnStar, which starts at $20 per month, and must be built into a car. Drivers can’t easily pop OnStar modules in and out of vehicles, so if drivers might want to to update their wireless connection down the line, Hum could be attractive. Still, it’s hard to imagine someone with OnStar built-in opting for an aftermarket alternative.

Verizon could have an edge in the enterprise market, which may hold the most potential for these kind of devices. Companies might prefer to outfit their fleets with vehicle trackers sporting a reliable, tamper-proof Verizon connection. Automatic’s last funding round was led by San Antonio-based insurance provider USAA, which is investigating how to use Automatic to change how it provides insurance to its customers. Zubie is working with Ohio-based insurance provider Progressive to offer discounts based on Zubie Key data.

Read more at: http://fortune.com/2015/08/26/verizon-smart-car-connected/

Connected Cars Market is Expected To Reach $141 Billion, Globally, By 2020

Connected cars facilitate connectivity on wheels offering comfort, convenience, performance, safety and security combined with powerful network technology. This enables the driver to connect with online platforms and facilitates real-time communication on the go. Rising consumer demands, the need for constant connectivity, increased dependency on technology and the growing number of tech savvy people account for the growth of this market. Over time, various connectivity solutions have been developed by the car manufacturers and service providers such as the Machine-to-Machine (M2M) connectivity platform. This M2M feature in a car enables interconnectivity between two connected cars. Numerous sensors and processors located in the car provide accurate and real-time information to the driver.
Read related news: http://prn.to/1fnU5R6
The connected car market is expected to generate a revenue of $141 Billion by 2020. Advanced infotainment systems and a fast connection to the wireless network are the two prominent features that potentially enhance the market growth. Technology agreements and collaborations are the key strategies adopted by the market players to enhance their market share. For instance, AT&T is working with automotive manufacturers to provide contextual voice controls, which would help to create a safer driving experience. TomTom has launched the online turn-by-turn navigation service for customers, making it feasible to connect over a network.

Navigation, telematics and infotainment are the major applications of connected cars market. Based on the analysis, navigation should be the fastest growing market during the forecast period. This growth trend observed in the navigation segment is majorly due to the large scale adoption of this service into the connected cars.On the basis of products and services, the market is segmented into sensors, processors, fleet manager, OEM services, aftermarket services and wireless and cellular modules. Amongst all the product and services, fleet manager was the largest revenue-generating segment in 2013. Due to its wide scale application across diverse industries, fleet manager service, is expected to lead the products and services market segment during the forecast period.
Geographically, the market is segmented into, North America, Europe, Asia Pacific and LAMEA. The Asia-Pacific region indicated a prominent growth and will go on to grow at a CAGR of 35.9% over the forecast period. In the years to come, Asia-Pacific should be a prominent automobile market, owing to the rapidly growing population, rising disposal incomes and a large presence of youth. This in turn should indirectly boost the market for connected cars.


Wednesday 26 August 2015

AGM Telematics launches updated Routemaster mobile app

Fleet management and vehicle tracking solutions provider AGM Telematics has updated its mobile app and is offering it free-of-charge to all Routemaster users.
The app enables users to view the real-time location of their vehicles and access the core features of the system.

Features include:
  • Vehicles view: a summary of all the vehicles and their present status.
  • Map view: show all the vehicles, zoom to individual vehicles to enable toolbar actions
  • Live tracking: shows the latest location of a chosen vehicle in real time.
  • Fast track: override the standard update rate, giving five second updates before returning to the standard rate.
  • Route replay: shows the trips carried out on any day since the unit was installed.
  • Dashboard: data giving location, alerts, driver information, MOT and service dates.
  • Share trip: share access to view a vehicle’s current trip by sending an emailed link.

Option to develop M2M solution for the connected car

Option has won an important engineering contract to develop an M2M solution for the connected car.

The development, awarded to Option for its world class RF (Radio Frequency) engineering capabilities, will be completed in 2016. The project includes multiple man-years of engineering and will contribute to the company’s results with revenue & cash generation as from the second half of 2015.
The project more specifically involves the development of a cellular OBD 2 Datalogger solution to monitor driver behavior and is aimed at the high volume consumer market. OBD 2 (On Board Diagnostics) is an automotive term referring to a vehicle’s self-diagnostic and reporting capability. OBD 2 gives users access to the status of the various vehicle subsystems. An OBD 2 Datalogger solution uses a standardized digital communications port to provide real-time data coming from the car. Car manufacturers comply with this standard and most cars are equipped with this type of communications port.
The contract is a turnkey project and includes design, prototyping, field-testing, production engineering and operator certification. The solution will process important car and GPS position information and through its cellular data connection communicate these data to the cloud. This information can be used by Insurance companies to define custom insurance policies.
OBD 2 telematics shipments are expected to experience a double-digit growth in the next 5 years, mainly driven by the global demand of insurance companies.
Machine-to-Machine telematicsThe development of such a solution requires accumulated expertise of telecommunication technologies and in competitive design, high volume production techniques and project management skills: exactly the reasons why Option was selected.

TomTom Announces a Change in Its Supervisory Board

TomTom (TOM2) today announces that Toine van Laack has decided to step down from the Supervisory Board of TomTom N.V. as of 1 September 2015 due to the fact that he has ended his employment at Janivo Holding B.V. Toine was appointed in 2013 upon the nomination of Janivo Holding B.V. and Dasym Investment Strategies B.V.

“The Supervisory Board of TomTom is sincerely appreciative of Toine for his commitment, expertise and willingness to constructively contribute to the development and growth of the company’s activities over the past years. The Supervisory Board regrets his departure and wishes Toine every success in the future”

Toine van Laack was able to contribute significantly to the company’s strategy during his time as a Supervisory Board member at TomTom, thanks to his knowledge and understanding of the various markets in which TomTom is active. He has also been of great value to the company as a member of the Audit Committee.

“The Supervisory Board of TomTom is sincerely appreciative of Toine for his commitment, expertise and willingness to constructively contribute to the development and growth of the company’s activities over the past years. The Supervisory Board regrets his departure and wishes Toine every success in the future” said Peter Wakkie, Chairman of the Supervisory Board of TomTom.

Read more at: http://www.businesswire.com/news/home/20150809005018/en/TomTom-Announces-Change-Supervisory-Board

Why automotive electronics is the billion dollar industry of the future

Automotive industry plays a major role for any growing economy and also plays an important role in country’s rapid economic and industrial development. Indian automotive industry contributes significantlyto the overall GDP of the nation and also provides significant business and employment opportunities.

Today’s car is already packed with electronics and, has the highest density of electronic components as compared to other consumer machines. A plethora of technologies powers the car today and these technologies fall into three domains: safety & security, infotainment & telematics, and powertrain (engine and transmission, including the other components as they are an integral part of transmission.) fuel economy.
Infotainment and telematics are addressed by technologies that enable smart traffic management, positioning & location-based services, car-to-car and car-to-infrastructure communication and in the future, perhaps autonomous driving. The Indian automotive industry is witnessing a phase of rapid transformation and growth, mainly driven by stable economic growth and infrastructure development. Along with the Auto industry the auto components industry is also gearing up to compliment it.
Automotive electronics has gained importance on account of the growing consumer demand for performance, safety, comfort and entertainment. The car of future is also expected to be equipped with even more advanced features that would help prevent accidents, entertain occupants and at the same time is eco-friendly. Automotive companies are also looking to stretch their market by introducing such novel features.

The Future of Automotive Design

Car styling is the pinnacle in the world of design and the epicenter of this creative community is in Southern California. Most auto manufacturers have a studio located here and continue work on advanced and next generation vehicles. When one sees BMWs, Mercedes or Hondas on the road, chances are they were originally dreamed up in sunny Southern California.
Three times a year, a cohort of freshly minted designers graduate from Art Center College of Design, in Pasadena, California, one of the world's leading car design schools. Students, with backgrounds in everything from illustration to engineering, are drawn here from all corners of the world where they undergo eight accelerated terms, taught by top industry experts. Finally, at the graduation show, they display their vision of the future hoping to send tremors though the industry.
The next generation car designers are taught all aspects of the business through corporate sponsored projects and internships at leading manufacturers. They gain hands on practical experience in sketching, renderings, clay and computer modeling, - in their quest to to infuse passion into the designs. Pay close attention at the shows, and some of the genius that inspired Chris Bangle, Jay May or Henrik Fisker, may spring forth from among the graduates.
Though the styling may be radical, one will not find anti-gravity cars, new means of mobility or other out-of-this-world propulsion ideas. Positioning the graduation projects in a Market - Technology Risk matrix reveals that most concepts are in the incremental innovation category and, in fact, could be directly put into production within years.

NEW U.S. AUTOMOTIVE LIGHTING PLANT IN PULASKI, TENNESSEE


NEW U.S. AUTOMOTIVE LIGHTING PLANT IN PULASKI, TENNESSEE

Thursday 20 August 2015

Connected Cars Market is Expected To Reach $141 Billion, Globally, By 2020

According to a new report by Allied Market Research, titled "Global Connected Cars Market (Technology, Connectivity Solutions, Application, Products & Services and Geography) -Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020", the global connected cars market is forecast to reach $141 Billion by 2020, growing at a CAGR of 32.7% during the period (2014 - 2020). Integrated connectivity solutions segment is expected to emerge as a preferred connectivity solutions for connected cars, surpassing embedded connectivity solutions segment in 2016. North America currently garners major market share and would maintain the position throughout the forecast period.
To view the report, visit at: http://prn.to/1fnU5R6
The availability of faster communication networks, advanced connectivity solutions and a user friendly interface should drive global connected car market. Also, an enhanced driving experience, offered by connected cars and favorable rules & regulations across numerous countries will fuel the market growth. North America is a relatively mature market for connected cars, as it was amongst the first regions to adopt this new technology. The European connected car market will foresee tremendous growth with the passing of Ecall regulations by the European Parliament. This rule mandates the installation of an Ecall System for every car in production from the year 2015. The eCall system automatically alerts the nearest help service in case of an emergency. This system cuts the emergency service response time by 50% to 60%. The European Union claims that mandating the eCall system could approximately save up to 2,500 lives every year. Following this, Russia and Brazil also look forward to implement a similar kind of legislation into their country. This would also help in tracing cases of car thefts. 
2G, 3G and 4G/LTE are the network technologies that are deployed for connectivity within the cars. Amongst these, 2G technology used for providing connectivity will gradually fade out, and will be replaced by the 3G and LTE technologies. Some of the prime reasons for this technological shift would be the rapidly changing telecommunication technology and the introduction of faster & reliable communication networks.
Key findings of the study:
  • 2G network technology will slowly fade out giving way to advanced telecommunication technology namely 3G and 4G
  • By 2020, integrated and embedded solutions will be amongst the most popular connectivity solutions in the connected car market and would together account for about 80% of the overall market
  • North America and Europe would prove to be the most lucrative markets in terms of revenue generation, whereas the Asia-Pacificmarket will grow fastest
Telefonica, Verizon, Harman, TomTom, AT&T Inc., Ford, BMW Audi and Mercedes Benz are the major market players that are profiled in the report. Collaboration and product launch are the prime corporate strategies adopted by these companies. AT&T and Audi have entered into a collaboration to bring 4G LTE technology to their connected cars. With the connectivity service provided by AT&T, Audi's consumers could avail data plans at a reasonable price. Many automakers are teaming up with software providers in order to improve their connected car services. BMW USA, has collaborated with Apple Inc. for software development solutions. 

Tuesday 18 August 2015

Auto production is surging in the US as the car market booms

U.S. industrial output advanced at its strongest pace in eight months in July as auto production surged in a bullish signal for third-quarter economic growth.
Industrial production shot up 0.6 percent last month after a downwardly revised increase of 0.1 percent in June, the Federal Reserve said on Friday. Economists polled by Reuters had looked for a gain of just 0.3 percent last month.
The gain in output reflected a 0.8 percent increase in factory production that was spurred by 10.6 percent surge in motor vehicle output that more than offset a June decline.
Mining production edged up 0.2 percent, while utilities production fell 1.0 percent.

Read more: 
http://www.businessinsider.com/r-industrial-output-jumps-as-auto-production-surges-2015-8?IR=T

Smart things market grows with hub for car apps, iPhone-ready plug

Mojio, Inc. recently launched Mojio Drive, a connected car marketplace for the Mojio 3G+GPS device. It launched with 20 apps and services that aims to enhance your driving experience. Apps fall into categories such as vehicle maintenance and repairs, roadside assistance, auto insurance, safety and security, and productivity.

Some of the apps that launched in Mojio Drive include Cloak, which is a connected theft tracker; Gauge, which serves as your personal mechanic; and RepairLync, which serves as a digital interface between drivers and repair shops.

You can visit Mojio Drive using any browser on any device, but the connected car marketplace was specifically made for the Mojio 3G+GPS, which costs $149 and is compatible for use with nearly any car manufactured since 1996.

iHome’s HomeKit-compatible smart plug
iHome Control Smart PlugJoining the smart home bandwagon is as easy as purchasing a smart plug like the iHome Control Smart Plug, which costs only $39.99 on Amazon.com.
What makes it different from other smart plugs on the market is that, aside from being compatible with Android, it also works with Apple HomeKit. This integration allows owners of iPhones, iPads and iPod touch to use Siri in controlling the iHome Control Smart Plug. Plug any device on the iHome Control Plug, such as lamps, fans or humidifiers, and have Siri turn them on or off with the use of your voice.

Insteon launched universal app and partnership
Insteon (SmartLabs, Inc.) launched a universal app that will be included in new Toshiba laptops that will start shipping at the end of August. The app will give Toshiba laptop owners even easier access to their Insteon connected home products and brings home automation closer to consumers.
logitech-harmony-ultimate-homeIt also announced that Insteon devices can be controlled using all Logitech Harmony Hub-based remotes, including the Logitech Harmony Ultimate Home, the Logitech Harmony Home Control and the Logitech Harmony Home Hub, via the Logitech Harmony mobile app. Now, you can control your Insteon connected home from the comfort of the couch while incorporating entertainment devices and home automation products from other manufacturers.
Aside from controlling Insteon wall switches, outlets, plug-in dimmers, light bulbs and other connected devices, the integration also allows users to create scenes such as “Movie Time,” which turns on your TV, Apple TV or Roku, and start dimming thier lights, which can be activated by pushing one button on the Harmony remote.

Get detailed information visit @: http://siliconangle.com/blog/2015/08/18/smart-things-market-grows-with-hub-for-car-apps-iphone-ready-plug/

Why the Dream of Buying a Car in an Hour Might Never Be Reality

"To have a proper experience, buying a car is not done in an hour."

We live in a time when cars drive themselves, people can buy stuff by tapping their phones, voice-controlled virtual assistants can save your life, and when even the U.S. Postal Service is pushing the boundaries of what once seemed possible by shipping groceries and offering same-day delivery

Yet despite our whiz-bang, one-click-purchase times, buying a car still takes forever. OK, it only feels like forever. Research from Edmunds indicates purchasing a car eats up 4.3 hours, on average, or more than half of a standard work day.

That’s probably four times longer than it should take, according to many consumers—75% of whom said in a recent survey that they’d happily conduct the entire purchase online if only it was feasible. There have been efforts to speed things up and appease customers. One car dealership has an ongoing campaign to seal each deal in 45 minutes or less. The Toyota brand Scion is embarking on an experiment to allow purchases to be handled entirely online or be completed in less than an hour at the dealership.

These examples are anomalies, however, and the standard process remains slow, confusing, and antiquated in light of modern-day consumer expectations.

The industry publication Wards Auto recently gathered several industry insider opinions on the pros and cons of car sales taking one hour or less, and if there’s a consensus, it’s that completing such a speedy sale is impossible—and even if it were possible it would be bad for business.

The logistics make it extremely difficult to get the deal done in an hour, one dealership owner said: “In the state of California, it can’t be done because there are too many regulations to cover (at the closing). Two or three hours, that’s where we want to be.”

To read more at: http://time.com/money/4002389/buy-car-one-hour/

These roads will charge cars as they drive

The British government is getting ready to test out new road technology that would allow electric cars to charge as they drive. The goal is to help drivers with electric and hybrid cars avoid frequent stops to recharge their vehicles.

Most electric cars get charged via plug-in chargers at home or while parked on the streets. Wireless power charging "pods" are also available, but they too require the car to stop to get more juice.
The new charging roads proposed by the U.K. government will work kind of like wireless phone chargers, using magnetic induction technology.

The initiative is slated to begin later this year, and engineers will install wireless technology in test vehicles and place special equipment under the roads.

Cables buried underneath the highway would generate electromagnetic fields that could be picked up by a receiver in the car and transformed into electric power. The system would include a communication system, so that the roads can detect that a car is coming and start the process.

For now, the trials will be restricted to test areas where regular drivers aren't allowed. The government is committing £500 million ($779 million) to the project over the next five years.

"Vehicle technologies are advancing at an ever increasing pace and we're committed to supporting the growth of ultra-low emissions vehicles on England's motorways," said the government's chief highways engineer, Mike Wilson.

Read more at: http://money.cnn.com/2015/08/18/technology/uk-electric-cars-roads/

Wednesday 12 August 2015

Automotive Lighting Market is Expected to Reach $33.7 Billion, Globally, by 2020 - Allied Market Research

According to a new report by Allied Market Research titled, "Global Automotive Lighting Market - Technology, Vehicle Type, Applications, Size, Share, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2014-2020", the global automotive lighting market is expected to reach $33.7 billion by 2020, registering a CAGR of 6.7% during 2015-2020. Automotive lighting industry is witnessing a steady growth on account of growing automotive production across the world. The growing emphasis on vehicle safety and government regulations regarding automotive lighting systems, are contributing to the market growth. Additionally, increasing disposable income of people is supporting the demand of aesthetic looks for vehicles, which in turn, is creating the demand for advanced lighting solutions.

Asia-Pacific, being the largest automotive vehicle market, would also be the largest market for automotive lighting. Growing automotive production, and increasing purchasing power in the two bigger markets of Asia viz., China and India, would drive the market growth of the Asia-Pacific market.

LED lighting technology would witness the highest growth during the forecast period. Traditional Halogen lighting technology will be gradually replaced by LED technology. By 2020, LED technology will constitute 1/3rd of the total automotive lighting market, growing at the highest CAGR during the forecast period. The growth would be fuelled by features such as low power consumption, longer life and compact size of LED lights. The decreasing cost of LED lights would further fuel their market growth during the forecast period. However, halogen lighting technology would maintain its leading position due to their low-cost advantages and widespread adoption.

Front lighting application finds the largest application in automotive, followed by rear lighting. Government regulations as well as increasing demand related to efficient front lighting in vehicles is driving the growth of this market. Interior lighting would also witness appreciable growth due to the increasing trend of installing LED lights inside the vehicle for enhancing the looks.

Passenger vehicles, with their dominant market share in total vehicle segment, would be the largest vehicle type segment for automotive lighting. The demand for aesthetic lighting features would support the demand of lights in private and commercial cars.

Key findings of the study:

  • The global automotive lighting market would grow steadily during the forecast period (2015-2020) due to rising concerns regarding road safety and growing automobile production
  • LED technology would be the fastest growing lighting technology throughout the forecast period
  • Halogen technology would continue to maintain its leading position due to lower cost and easy availability
  • Exterior lighting in vehicles would continue to maintain its dominant share compared to interior lighting
  • Asia-Pacific, with its huge automotive vehicle production capacity, would be the largest market for the automotive lighting products
  • Passenger vehicles would create more demand for automotive lighting products compared to commercial vehicles during the forecast period

To request more information about the report, visit the website at https://www.alliedmarketresearch.com/automotive-lighting-market

Industry players are focusing on introducing advanced LED lighting solutions as well as expanding their presence in growing automotive markets such as China and India. For instance, Magneti Marelli, a leading manufacturer of advanced lighting solutions for automotive industry, has set up new plants in India and China in fiscal year 2014-15 to take advantage of these growing automotive markets.

Friday 7 August 2015

Advanced Driver Assistance Systems Market is expected to reach $60.14 Billion, Global, by 2020

A new report by Allied Market Research titled, "Global Advanced Driver Assistance Systems Market Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 - 2020", The Global Advanced Driver Assistance Systems (ADAS) market would garner $60.14 billion by 2020, registering a CAGR of 22.8% during 2014 - 2020. The deployment of sensors in vehicles has brought a massive transformation in the automotive industry by providing improved passenger experience and safety. The growing trend for comfort and safety while driving, along with favorable government initiatives has largely supplemented the growth of the ADAS market.

An increase in electronic integration along with the multiple functions of different sensors which are used in various driving assistance applications would boost the ADAS market in the coming years. ADAS applications are majorly adopted in the European region and contribute for the largest revenue in the global market, followed by North America. Stringent government regulations and the rising income of people, account for the high growth of the Asian countries.

The European countries exhibit the maximum adoption of ADAS applications. In Europe, the European New Car Assessment Program (NCAP), established by the government, imposes stringent regulations on car manufacturers in order to provide optimum on road security to the driver. The five-star safety rating system created by Euro NCAP program helps the customers to compare vehicles more easily and to identify safe choice for their needs. Asia-Pacific is the most dynamically emerging market with a highest CAGR of 29.54%, owing to favorable macroeconomic factors such as rise in income and purchasing power, changing lifestyle due to growing urbanization and increasing awareness about active safety systems. In the APAC region, China and Japan are the fastest growing countries in terms of automotive and technology adoption.

The ongoing trend reflects a broader adoption of ADAS applications and its manufacturing across a wide range of premium cars. The challenge for automotive manufacturers is to provide these premium features at effective costs.  Following this, to minimize the effects of other challenges such as, complexity in installing different applications, environmental factors viz. snow, fog, lightening & thundering, storms etc. is a big challenge for the players.
Key findings of the study: 
  • The Global ADAS market would grow at a promising rate across developing countries like China, India and Japan, during the forecast period (2014 - 2020)
  • The cost effectiveness and easy availability of the Ultrasonic sensors would make the segment grow at the fastest CAGR of 24.3% during 2014 - 2020
  • Tire Pressure Monitoring System and Drowsiness Monitoring System segments are anticipated to show tremendous growth         
  • Increasing purchasing power and supportive government initiatives would foretell remarkable growth for Asia-Pacific market
  • Europe would continue to dominate the market throughout the forecast period due to the stringent government regulations
Read more at: http://www.tucsonnewsnow.com/story/29703948/pneumatic-tire-market-is-expected-to-reach-2875-billion-worldwide-by-2020-allied-market-research

Related doc: http://bit.ly/1T9XkZw







Pneumatic Tire Market is expected to reach $287.5 Billion, Worldwide, by 2020 - Allied Market Research

A new report by Allied Market Research titled, "World Pneumatic Tire - Market Opportunities and Forecasts, 2014-2020," forecasts that the global pneumatic tiremarket would garner revenue of $287.5 billion by 2020, registering a CAGR of 7.0% during the forecast period of 2015-2020. The market is primarily driven by the increased production and use of vehicles across the globe. Among the different types of vehicles, the four wheeler segment generated the highest revenue in 2014 and is expected to maintain its dominance throughout the analysis period. Asia-Pacific region is the biggest market followed by Europe. In terms of growth, the LAMEA region would be the fastest growing market, registering a CAGR of 8% during 2015-2020.

See related presentation at:  http://bit.ly/1T6sUXR

The advent of radial tires has revolutionized the market of pneumatic tires. Radial tires are now designed and developed with advanced features to enhance the durability and performance of vehicles. For instance, Bridgestone developed an advanced technology radial tire, "Revolutionarily Reinforced Radial", which improves the tire durability by optimizing the inflation pressure. Radial tires segment accounted for 68.8% of the total tire market by value in 2014, registering a CAGR of 7.2% during the forecast period. Increasing demand of radial tires has been observed in the Asian countries such as China, Japan and India. OEM tires segment is expected to evolve in near future owing to improving global economy and subsequent rise in automotive manufacturing. However, the replacement tire segment had generated around 74.6% of total market revenue in 2014, and would continue to dominate the market in future. Major factors contributing to the market growth are growing automotive sector and increased prices of the tires. In addition, overloading of vehicles, poor road conditions and extreme weather conditions have considerably boosted the replacement tire market.





Thursday 6 August 2015

3 Stocks Pushing The Automotive Industry Lower

The Automotive industry as a whole was unchanged today versus the S&P 500, which was down 0.8%. Laggards within the Automotive industry included Sypris Solutions ( SYPR), down 4.2%, UQM Technologies ( UQM), down 6.3%, SORL Auto Parts ( SORL), down 7.1%, Quantum Fuel Systems Technologies Worldwide ( QTWW), down 1.6% and Fuel Systems Solutions ( FSYS), down 5.7%.

TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:
SORL Auto Parts ( SORL) is one of the companies that pushed the Automotive industry lower today. SORL Auto Parts was down $0.19 (7.1%) to $2.49 on average volume. Throughout the day, 30,039 shares of SORL Auto Parts exchanged hands as compared to its average daily volume of 24,400 shares. The stock ranged in price between $2.45-$2.70 after having opened the day at $2.65 as compared to the previous trading day's close of $2.68.

SORL Auto Parts, Inc. develops, manufactures, and distributes automotive brake systems and other safety related auto parts. It operates in two segments, Commercial Vehicle Brake Systems and Passenger Vehicle Brake Systems. SORL Auto Parts has a market cap of $53.5 million and is part of the conglomerates sector. Shares are down 27.4% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates SORL Auto Parts a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates SORL Auto Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

Read more at: http://www.thestreet.com/story/13247922/1/3-stocks-pushing-the-automotive-industry-lower.html

Michigan governor markets state's automotive high-tech future

Michigan Gov. Rick Snyder has kicked off a new marketing campaign, entitled “We Run on Brainpower,” designed to remind engineers that Michigan is the place to go for jobs in automotive high tech innovation.
The Republican governor introduced the campaign at the CAR Management Briefing Seminars today. 
“Michigan today rivals Silicon Valley as a global innovation center, and we need to encourage our students to pursue exciting, well-paying careers in the tech-driven auto industry,” he said in a statement.
“The vehicles of tomorrow are being developed in Michigan today because our state is home to the nation’s highest concentration of engineers, designers, innovators and IT specialists. As Michigan continues to develop these technologies, we must attract and retain the talent needed in these fields.”
The “We Run on Brain Power” multi-media campaign, being directed by the Michigan Economic Development Corp., will feature a new website, werunonbrainpower.org. The campaign will feature a series of “day-in-the-life” videos showing young automotive engineers at work doing their jobs. The videos were created in partnership with Ford Motor Co., Toyota Motor Corp. and supplier Visteon.
The campaign is part of Michigan’s larger Pure Michigan marketing effort.

Nexteer, TI Automotive plan new home offices in suburban Detroit

Nexteer Automotive Corp. said it would locate its new headquarters north of Detroit in Auburn Hills, Mich., by next summer.

The move, announced Wednesday, is expected to relocate 150 mostly management employees and build its visibility within the auto supply chain.

The former Delphi Corp. steering division, which went public in 2013 on the Hong Kong Stock Exchange and reported nearly $3 billion revenue last year, said it would relocate its headquarters from Saginaw by the second quarter of 2016.

Nexteer told Crain’s Detroit Business, an affiliate of Automotive News, earlier this year the company was closing on a lease in northern Oakland County to grow brand recognition, and President-COO Laurent Bresson revealed the city during the CAR Management Briefing Seminars in Traverse City.

“(Coming to) Auburn Hills provides us with a platform for long-term success and demonstrates our commitment to the state of Michigan and its talented auto industry workforce,” he said Wednesday. “This stand-alone location will position us closer to our business partners, industry experts and will continue enhancing the Nexteer brand.”

Raed more at: http://www.autonews.com/article/20150806/OEM10/150809885/nexteer-ti-automotive-plan-new-home-offices-in-suburban-detroit

Wednesday 5 August 2015

Yokohama launches ‘Summer Joyride’ rebate promo

Yokohama Tire Corp. (YTC) has launched “Summer Joyride 2,” a rebate promotion, running now through Aug. 31, that offers consumers prepaid Visa cards worth $60 for the purchase of a set of four select Yokohama tires.

Eligible Yokohama tires featured in the program include the Geolandar H/T G056, Geolandar A/T-S and Geolandar G055. The rebate is available at participating Yokohama dealers nationwide, as well as through select online retailers, Yokohama said.

Consumers can also donate part or all of their rebate to YTC’s charity partner KaBOOM! when registering for the rebate online. KaBOOM! is a national nonprofit organization dedicated to ensuring children get the balanced and active play they need, the tire maker said.

“Summer’s still on, so there’s time to hit the road with new tires and get $60 back,” said Alan Holtschneider, YTC director of marketing. “The Summer Joyride 2 promotion is a great opportunity for customers to save money, while ensuring their vehicles are road trip-ready.”

Source: http://www.tirebusiness.com/article/20150804/NEWS/150809979/yokohama-launches-summer-joyride-8217-rebate-promo

Michelin consolidates lines under Premier, Defender name

Michelin North America Inc. is consolidating several passenger and light truck tire lines under two family names, Premier and Defender, respectively, to reduce confusion in the marketplace for both dealers and consumers.
Coinciding with this effort, Greenville, S.C.–based Michelin is launching two tires in these lines: Premier LTX for CUVs, SUVs and light trucks and Defender LTX M/S for light trucks and SUVs.
The Premier LTX eventually will replace the Latitude Tour T and the Latitude Tour HP, said Stephen Peters, brand category manager, light truck tire division, for Michelin, who was interviewed earlier this year in Detroit during the 50th anniversary celebration of the giant Uniroyal Tire icon alongside 1-94 in Allen Park, Mich.
The Premier LTX also will become a go-to line for the tire maker for original equipment.
As for the Defender LTX M/S, it will replace the AS, LTX M/S2 and LTX M/S, Peters said. The tire is the second product in the Defender family, the first being the 90,000-mile Defender passenger radial launched in early 2012 as a replacement for the firm’s HydroEdge and Harmony lines.
“Really what we are doing with the Premier family and the Defender family is we want to have something that directly appeals to the safety need and that also has something still that goes directly to the treadlife need,” he said.
In studies conducted by Michelin, consumers identified both attributes—safety and treadlife—as primary concerns.
The tire maker launched the Premier LTX in June in 24 sizes and will add another 10 sizes by year-end. In all, the line will consist of 47 sizes, with the remaining SKUs available in April 2016.
The Premier LTX is the light truck/SUV version of Michelin’s tire line featuring its EverGrip emerging-tread technology.
Because Premier spans almost the entire passenger and light truck market from winter products to ultra-high performance, the line will cover half of the market, Peters said, meaning “virtually one out of every two cars out there right now has the option for Premier.”

Multiple sizes available

The tire will be offered in 12 luxury, 19 mid-size CUV and 16 full-size SUV sizes in H and V speed ratings.
To help develop continuity within the two tire families, Peters said tires in the lines will look the same, regardless of vehicle fitment. Tread designs will look “very, very similar,” Peters said.
For example, there might be a slight difference in the shoulder area of a Premier LTX going on a Toyota Corolla vs. a Toyota Highlander or Toyota Sequoia, he said, “but by and large to the untrained eye it looks very similar, and that’s intentional.”
All of the Premier LTX products will have the same 60,000-mile warranty and the same relative tread depth, so that dealers only need to “learn one thing and learn it well, and that it applies across the entire family,” Peters said.
With Premier “we want to make it family focused, again because there’s not a different story at the retail counter,” Peters said. “We want folks to know the primary talking points that cross Premier and not have the dealer say, ‘which Premier do you want,’ because they are the same.”
In launching the Defender LTX M/S, Michelin is focusing first and foremost on the pillars of the Defender family—treadlife, all-season confidence and fuel efficiency.
The tire essentially is an evolution of the Michelin LTX M/S2 but designed with an advanced tread compound called Evertread that holds up better under tougher conditions allowing for extended treadlife. Michelin has been able to achieve this better treadlife without sacrificing any of the other performance characteristics of the M/S2, Mr. Peters said.

TOYO TIRES Russia to Support Local Pro Soccer Team

Toyo Tire & Rubber Co., Ltd. announces that its Russian tire sales subsidiary TOYO TIRE RUS LLC (“TTRU”; Kenta Kuribayashi, president) has concluded a sponsorship agreement with Russian Football Premier League soccer powerhouse FC Zenit Saint Petersburg (“ф.К. Зенит” in Russian). The contract term will span three seasons, from August 2015 through July 2018.

As a partner of FC Zenit, TTRU will display the company logo at the team’s home stadium and engage in numerous marketing activities featuring the club’s players. TTRU also plans to collaborate with the club in all areas of interactive communication, including Facebook, Instagram and soccer game software. The aim of this partnership will be to bolster the company’s brand recognition and image in the Russian market.

FC Zenit was established in 1925 during the former Soviet Union. The club makes its home in Petrovsky Stadium in Saint Petersburg, Russia’s second largest city. FC Zenit is one of the leading European soccer powerhouses, boasting two Russian Football Premier League championships as well as a UEFA Europa League crown in 2008. In recent years, the club has been a mainstay at the top of the Russian Football Premier League standings, and enjoys a core supporter base throughout Russia of 12 million strong.
As Russia prepares to host the World Cup in 2018, interest in the Russian Football Premier League is growing. TTRU’s support of FC Zenit will help elevate the presence of the Toyo Tires brand in Russia, and in the medium term this partnership will provide the Toyo Tires brand with a major boost.

Vitesse AuDessus Debuts Carbon Fiber Wheels

American bespoke carbon fiber wheel manufacturer, Vitesse AuDessus, has introduced a line of one-piece, full carbon fiber wheels.
If you have customers who are interested in high-quality custom wheels, these hollow and perfectly balanced carbon fiber wheels may be just what they’re looking for.
Each handcrafted wheel weighs just over 13lbs (6kg) on average. “In certain cases, our wheels reduce unsprung weight by more than 50%,“ says CEO Stefany Sanchez. “This dramatic reduction translates into increased acceleration, reduced stopping distance, improved steering and handling, improved grip, reduced road noise and vibrations and improved fuel economy.”

Rubber enters bear market as demand wanes in China

Tokyo, Japan - Bloomberg reports, "Rubber in Tokyo entered a bear market as a slowdown in China, the world’s largest consumer, is worsening a global glut amid rising shipments from producers.

Benchmark futures dropped 20 percent from a 16-month high reached June 1, meeting the common definition of a bear market. The contract for January delivery fell 1.5 percent to settle at 194.5 yen a kilogram ($1,570 a metric ton) on the Tokyo Commodity Exchange. China’s auto association cut its forecast for vehicle sales last month amid a stock-market rout that threatens to dent consumer sentiment.

The final reading on a private Chinese factory index on Monday shrank more than expected, while an official gauge on Saturday slid to a five-month low, stoking concern that the worsening slowdown will hamper global trade. “A global surplus is widening as demand in China shows no signs of picking up, and Thailand and Vietnam are boosting shipments regardless of low prices,” said Kazuhiko Saito, an analyst at Fujitomi Co., a broker in Tokyo.

The global rubber surplus may reach 303,000 tons this year, the International Rubber Study Group said by e-mail July 30, revising its January forecast of a 77,000-ton glut. The Singapore-based IRSG estimates supply may grow 4.4 percent to 12.6 million tons this year, compared with last year’s 1.5 percent drop. Demand is forecast to rise 1.2 percent to 12.3 million tons, slower than last year’s 6.7 percent expansion, the group said.

Rubber supply may grow a further 2.9 percent in 2016 driven by the maturing of trees that were planted when prices were higher, according to the group. Rubber exports by Thailand, the biggest producer, rose 1.3 percent from a year earlier to 1.72 million tons in the first six months of 2015, according to the nation’s commerce ministry. Shipments by Vietnam, the third-largest producer, expanded 16 percent to 531,000 tons in the first seven months, according to the nation’s general statistics office. Rubber on the Shanghai Futures Exchange entered a bear market on July 8, and fell 2.6 percent to 12,095 yuan ($1,948) a ton Tuesday.

Read more at: http://www.rubberworld.com/news.asp

Titan considers wheel plant in Turkey

Quincy, Illinois —Titan International Inc. is exploring plans to expand a wheel plant in Turkey and establish wheel manufacturing capacity in Brazil to accompany its existing tire business there, Titan CEO and Chairman Maurice “Morry” Taylor said during the company’s second quarter earnings presentation.
Taylor did not elaborate on Titan’s plans for either potential project, other than to mention in a Q&A session with financial analysts that Titan has signed a confidentially agreement in Brazil covering a potential acquisition.

Tokyo rubber rebounds from 6-1/2 month low

Benchmark Tokyo rubber futures climbed on Wednesday, snapping three sessions of losses and recovering from a 6-1/2-month low hit the previous day, as bargain-hunting kicked in on the back of a softer yen and easing Chinese equities, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 1.1 yen, or 0.6 percent, lower at 195.6 yen ($1.57) per kg. 

"The yen's weakness and less volatility in the Chinese stock market prompted buys," said Satoru Yoshida, commodity analyst at Rakuten Securities. 

The dollar extended gains against the yen on Wednesday after Atlanta Federal Reserve President Dennis Lockhart expressed support for an interest rate hike in September. 

Lockhart has said it would take "significant deterioration" in the US economy for him to not support a rate hike in September, according to the Wall Street Journal. 

China stocks fell on Wednesday, regardless of both a promise by the central bank to stabilise market expectations and a private survey which showed activity in the services sector accelerated last month. 

Read more at: http://www.brecorder.com/agriculture-a-allied/183/1214666/