Connect with us

Technology

Worldwide Electronic Rearview Mirror Market Sees Growth But Challenges such as High Cost, Low Reliability & Driver’s Eyesight Shift Remain

Published

on

DUBLIN, June 24, 2022 /PRNewswire/ — The “Global and China Electronic Rearview Mirror Industry Report, 2021-2022” report has been added to ResearchAndMarkets.com’s offering.

In 2021, there were 346,700 insured passenger cars fitted with standard OEM streaming rearview mirrors in China, surging by 73.04% on the previous year.

The electronic rearview mirror market is soaring, but still in its infancy.

In April 2016, the 2016 Cadillac XT5 equipped with a streaming rearview mirror was launched on market. It was the first time that an OEM streaming rearview mirror appeared in the Chinese passenger car market. And then, auto brands like WEY, Buick and FAW (Hongqi, Bestune) also unveiled models with streaming rearview mirrors. As of May 2022, a total of 13 auto brands in China have marketed models carrying streaming rearview mirrors and achieved certain sales.

There are few streaming rearview mirror suppliers participating in the OEM market considering the current size, creating a relatively simple completive landscape. Our data show that Yuanfeng Technology is now the largest supplier of streaming rearview mirrors in the Chinese passenger car market, with an overwhelming market share of 72%.

As for solution implementation, mainstream solutions change Category I vision device from a conventional optical mirror to a display, so as to maximally adapt to the driver’s habit of seeing the rear view. Some OEMs also carry out a compromise, a solution of separating the Category I vision device from the image, that is, still using the conventional optical mirror to present the image collected by the streaming camera on the cluster screen or the center console screen.

Electronic exterior mirrors: most automakers take a wait-and-see attitude.

Differing from streaming rearview mirrors, exterior rearview mirrors that play a hugely important role in daily driving safety walk on a bumpy road to electronization. Since the United Nations issued the UN-R6 regulation in June 2016, Europe, Japan, South Korea and India among other regions/countries have started to sell models equipped with electronic exterior mirrors.

Commercial vehicles:

Mercedes-Benz Trucks first introduced MirrorCam, a mass-produced electronic exterior mirror solution that was first applied to the flagship heavy-duty truck Actros. Mercedes-Benz adopts a conservative rearview mirror replacement strategy where only the main rearview mirror (Category II) and wide FOV rearview mirror (Category IV) are electronic, and the front view mirror and close-proximity exterior view mirror are retained.

Passenger cars:

Lexus, a luxury brand, was the first one to mass-produce the passenger car electronic exterior mirror and applied it to ES300h.
Lexus DIGITAL SIDE-VIEW MONITORS allows real-time switching of viewing angles in different driving conditions. For example, when the turn signal is on or the reverse gear is engaged, the viewing angle will automatically enlarge from an ordinary angle to a wide angle.

Challenges exist, but the trend is unstoppable.

Electronic rearview mirrors remain far more superior to conventional optical mirrors, but face huge challenges such as high cost, low reliability and the driver’s eyesight shift. In the long run, electronic rearview mirrors will act as an integral part of vehicle intelligence, but will not become a megatrend in the short term.

Key Trends

The combination of CMS and ADAS/autonomous driving
The electronic rearview mirror camera is installed near the conventional exterior rearview mirror or at the rear of the vehicle, two positions where the ADS camera is often located. Some functions of CMS overlap the blind spot monitoring/blind spot detection/ADS camera, both of which aim to acquire or detect road traffic conditions at the side rear of the vehicle and provide driving decisions for the driver/vehicle. The two are expected to be integrated considering product cost, function realization and air resistance.

The fusion of CMS interior/exterior rearview mirror images
The way to display the side/rear view of the vehicle currently follows the conventional driving habits. The CMS screens are placed in the left, upper middle, and right in the front of the cockpit, with physical display splits. Technologically on the basis of retaining the traditional optical mirror, the images of the left rear, rear and right rear captured by the electronic exterior view mirror and the electronic interior mirror can be synthesized with algorithms, fused, and displayed on one screen.

The combination of CMS and cockpit domain controller
As chip computing power improves and E/E architecture evolves, cockpits are integrating display solutions such as LCD cluster, HUD, center console screen, co-pilot entertainment screen and rear entertainment screen into intelligent cockpit domain controllers, in a bid to enable unified management in the same chip. The emergence of electronic rearview mirrors produces more data flows that need processing for the vehicle, and separate ECUs will further drive up the cost of the entire vehicle. Lower cost will be the key driving force to the adoption of cockpit domain controllers.

Key Topics Covered:

Electronic Interior Rearview Mirror Market (Streaming Rearview Mirror)Electronic Interior Rearview Mirror Major OEMs (Passenger Car)Electronic Exterior Rearview Mirror Major OEMs (Passenger Car, Commercial Vehicle)Electronic Rearview Mirror Tier-1 Suppliers (Overseas, Local)Electronic Rearview Mirror Industry Chain (Chip, Camera)

Companies Mentioned

Great Wall MotorChangan AutomobileFAWBuickToyotaAudiHondaLexusHyundaiBAICDongfeng Passenger VehicleMercedes-BenzDAFMANSCANIAVolvoDongfeng Liuzhou MotorFarizon AutoGentexStoneridgeMEKRA LangFicosaTokai RikaValeoBoschContinentalMagnaYuanfeng TechnologyADAYODesay SVWilling TechnologyJingwei HirainNingbo Fengmei IndustrialVoyager TechnologyShanghai Yuxin Electronic TechnologyQingdao Jidong Auto PartsZhengzhou Senpeng Electronic TechnologyGuangzhou Rongsheng Technology

For more information about this report visit https://www.researchandmarkets.com/r/bix1jf

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com   

For E.S.T Office Hours Call +1-917-300-0470 
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716 

View original content:https://www.prnewswire.com/news-releases/worldwide-electronic-rearview-mirror-market-sees-growth-but-challenges-such-as-high-cost-low-reliability–drivers-eyesight-shift-remain-301574943.html

SOURCE Research and Markets

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Leading Business Events Management Company, PRA Acquires Island Style Innovations in Hawai’i

Published

on

By

CHICAGO, Nov. 25, 2024 /PRNewswire/ — PRA, a leader in the Business Events industry, announced today the company has acquired Island Style Innovations, local destination management experts in the exclusive Hawaiian market. This move marks the second acquisition in the last 18 months in this important meeting, convention, and incentive program market, delivering continued growth and execution of PRA’s overall expansion strategy. The Island Style Innovations team will join the PRA Hawai’i office, under the leadership of Debbie Weil-Manuma, and rebrand as PRA, integrating with the current team.

Founded in 2014 by Tatiana von Oelhoffen and Colleen Reyes, Island Style Innovations is one of the leading events and incentive management teams operating across the Hawaiian Islands. With decades of combined event management experience, extensive local knowledge and strong operational excellence, the team specializes in comprehensive event design and execution. With well-established strategic relationships with many leading hotel brands, event venues, suppliers and business partners throughout the region, Island Style Innovations excels at delivering the highest quality meetings and events with a keen focus on local, authentic experiences. The company’s clientele spans programs for the insurance, financial, pharmaceutical, and technology sectors, along with diverse corporate clients.

Laurie Knapp, Chief Growth Officer of PRA, stated, “We welcome the incredible Island Style Innovations team to the PRA family who share our passion for creating once-in-a-lifetime experiences for valued clients. This continued expansion of our PRA Hawai’i team in this key destination emphasizes PRA’s steadfast commitment to deliver innovative event concepts through the industry’s most talented event designers and operators. Now working in conjunction with PRA’s industry leading creative, production, and global sales organization, the team will be able to deliver enhanced solutions in this important market.” 

The acquisition of Island Style Innovations along with the previous Weil & Associates Hawai’i purchase in 2023, marks a key step in the execution of PRA’s strategic growth plan.

“We are excited to have the Island Style Innovations team join PRA Hawai’i in this thriving market for events, enhancing our standing as the premier business events management company in the islands,” added Weil-Manuma. “Tatiana, Colleen, and the team have so much to be proud of in their creation of this successful business and we look forward to building our exciting next chapter together.”

“When it was time to consider the future for Island Style Innovations, we knew we wanted to collaborate with a group that aligned with our values and dedication to the personalized service our clients have come to expect over the years,” shared Reyes. “I couldn’t be prouder of what our team has achieved, yet this is just the beginning. And, while Tatiana will be heading off to new pursuits, the team will remain in place, and we look forward to working alongside the outstanding group at PRA Hawai’i. With increased resources and access to a robust network of destination experts nationwide, we are eager to see what the future brings. I extend my gratitude to Tatiana for all her significant contributions to the success of our Hawai’i team through her leadership and valued partnership over the years.”  

PRA (pra.com)
Headquartered in Chicago with teams throughout every major and secondary market in North America, PRA is a leading business event management firm, creating experiences which move hearts, minds, and businesses forward. Through its strategic approach to creative design, production services and destination programs, PRA offers end-to-end integrated service capabilities and solutions aligned with business meetings and events. PRA blends Passion, Reach and Authenticity to consistently deliver incomparable experiences that engage participants and exceed business goals. PRA’s reach runs deep, delivering value to millions of participants for 40 years in every major destination and beyond. For information on our complete portfolio of services, please visit pra.com.

PRA is majority owned by investment funds managed by EagleTree Capital.

About EagleTree Capital: 
EagleTree Capital is a leading New York-based middle-market private equity firm, with $5.3 billion of assets under management, that has completed 45 private equity investments and over 100 add-on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: business services, consumer, and water and specialty industrial. For more information, visit www.eagletree.com or find EagleTree on LinkedIn. 

Media Contact:  Laurie Knapp
Laurie.Knapp@PRA.com
M: +1.312.623.3713

View original content to download multimedia:https://www.prnewswire.com/news-releases/leading-business-events-management-company-pra-acquires-island-style-innovations-in-hawaii-302315087.html

SOURCE PRA

Continue Reading

Technology

Michael Baker International Increases Geographic Reach with Fayetteville, Arkansas, Office

Published

on

By

Firm’s third Arkansas location opens in rapidly growing market

PITTSBURGH, Nov. 25, 2024 /PRNewswire/ — Michael Baker International, a global leader in engineering, planning and consulting services, today announced the opening of the firm’s Fayetteville, Arkansas, office.  The office is the firm’s third Arkansas location, joining outposts in Little Rock and Bentonville, and will serve as an extension of Bentonville operations, which has exceeded its existing office capacity due to the high demand for the firm’s urban roadway design and construction inspection services in Northwest Arkansas. The office will be led by Mike Stengel, P.E., Office Executive for Michael Baker’s Bentonville location.

“We are thrilled to expand Michael Baker’s footprint in the fast-growing Northwest Arkansas region. This new location will allow us to better serve statewide clients and accelerate growth in Arkansas,” said Tommy Montgomery, P.E., Southern Regional Director at Michael Baker International. “In opening our third Arkansas office, Michael Baker is reaffirming our commitment to our local clients and community. We look forward to continuing to Make a Difference in Arkansas and beyond.”

The new Fayetteville location enables Michael Baker to better serve the firm’s clients and provides an additional gateway for delivering its full spectrum of services to the Arkansas Department of Transportation (ARDOT) and other public and private clients, including major universities and retailers in the region. Additionally, the new office’s prominent location in a high-traffic area will enhance the firm’s engagement with clients and elevate its visibility as it continues to expand.

Michael Baker was recently named as one of the 2024 Best Places to Work in Arkansas by Arkansas Business Magazine. The new Fayetteville location will accommodate the firm’s growing workforce and provide room for ongoing expansion.

About Michael Baker International
Michael Baker International is a leading provider of engineering and consulting services spanning five distinct Verticals: Infrastructure, Design-Build Services, Federal Programs and Services, Consulting and Technology Solutions (CTS) and Sustainable and Resilient Solutions (SRS). The firm’s Practices encompass all facets of infrastructure, including design and civil engineering for diverse bridge, highway, water, rail and transit and aviation projects, as well as planning, architecture, environmental and construction and program management. For more than 80 years, the company has been a trusted partner to clients, providing comprehensive services and solutions, delivering expertise and quality, and embracing emerging technologies and the latest innovations – like intelligent transportation, engineered models and public safety software as a service (SaaS).

The company has more than 4,900 employees across more than 90 office locations. Michael Baker’s Wolf Pack is committed to Making a Difference for clients and communities through a culture of innovation, collaboration and technological advancement while evolving its business to become a full-service engineering and consulting firm.

To learn more, visit https://mbakerintl.com/.

Contact: Julia Covelli
julia.covelli@mbakerintl.com
(866) 293-4609

View original content to download multimedia:https://www.prnewswire.com/news-releases/michael-baker-international-increases-geographic-reach-with-fayetteville-arkansas-office-302315507.html

SOURCE Michael Baker International

Continue Reading

Technology

ERIN Launches ‘Sloths for Sloths’ to Fill CEO’s Office with Holiday Toys for Pittsburgh’s Underprivileged Youth

Published

on

By

Employee referral software platform ERIN has announced ‘Sloths for Sloths’ — a holiday toy drive hosted in collaboration with Hall of Fame running back Jerome “The Bus” Bettis.

PITTSBURGH, Nov. 25, 2024 /PRNewswire-PRWeb/ — Pittsburgh-based employee referral software platform ERIN is getting into the holiday spirit with the launch of Sloths for Sloths — a holiday toy drive hosted in collaboration with Hall of Fame running back Jerome “The Bus” Bettis. Through an Amazon storefront set up specifically for this purpose, the ERIN team hopes to fill CEO Mike Stafiej’s office with toys for kids of all ages.

“There are two things that people will always support — giving toys to children for the holidays, and Jerome “The Bus” Bettis. At ERIN, we’re supporting a holiday toy drive with The Bus, and trying to fill a bus with toys.” – ERIN CEO Mike Stafiej

“ERIN’s notorious symbol is Sammy the Sloth, so we’ve aptly named this effort after our company’s kid-friendly mascot,” said Stafiej. “It’s our hope that every single underprivileged child in Pittsburgh will be greeted on Christmas morning with a toy that brightens their holiday. We’re proud to be taking initiative on their behalf, and hope for great success so we can continue this new tradition for years to come.”

Since 1997, Bettis and his The Bus Stops Here Foundation have been supporting Pittsburgh’s underprivileged inner-city youth through education, sports, technology and recreational opportunities. ERIN is proud to partner with such a valuable organization this holiday season to bring joy to the city’s youth.

Here’s how the program works:

Order a toy from the company’s Amazon storefront, or select a toy that you know a lucky child will love.Ship it to the ERIN headquarters at 600 River Avenue, Suite 103, Pittsburgh, PA 15212, c/o CEO Mike Stafiej.Email proof of your purchase to marketing@erinapp.com.

For every proof of a toy purchased, ERIN will match with another toy donation of up to $500 and add a stuffed Sammy the Sloth as a bonus gift. The Sloths for Sloths toy drive will end on December 13, after which all donated toys will be delivered to The Bus Stops Here Foundation for delivery to the kids of Pittsburgh.

For additional information, visit https://erinapp.com/toys. To hear more about Sloths for Sloths directly from CEO Mike Stafiej, watch this episode of The HR Morning Show.

Media Contact

Evan White, ERIN, 509.995.9105, ewhite@erinapp.com, https://erinapp.com 

Twitter

View original content to download multimedia:https://www.prweb.com/releases/erin-launches-sloths-for-sloths-to-fill-ceos-office-with-holiday-toys-for-pittsburghs-underprivileged-youth-302314940.html

SOURCE ERIN

Continue Reading

Trending