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AI Revolutionizes the Software-Defined Vehicle Market, Growth of USD 76.1 Billion Driven by Autonomous Vehicles (2024-2028) – Technavio Report

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NEW YORK, Sept. 12, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global software-defined vehicle (SDV) market size is estimated to grow by USD 76.12 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  22.73%  during the forecast period. Increasing demand for autonomous vehicles is driving market growth, with a trend towards integration of advanced safety technologies in luxury cars . However, decline in automotive production due to global shortage of semiconductor chips  poses a challenge. Key market players include Arm Ltd., Arorian Technologies GmbH, BlackBerry Ltd., Bluekei Solutions Pvt.Ltd., Continental AG, ETAS GmbH, Expleo Group SAS, Keysight Technologies Inc., Larsen and Toubro Ltd., Li Auto Inc., MulticoreWare Inc., NCC Group Plc, NIO Ltd., NTT DATA Corp., NXP Semiconductors NV, Real-Time Innovations Inc., Rivian Automotive LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, TE Connectivity Ltd., Tesla Inc., u blox AG, Vector Informatik GmbH, XPeng Inc., and Zhejiang Geely Holding Group Co. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Software-Defined Vehicle (Sdv) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 22.73%

Market growth 2024-2028

USD 76121.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

21.28

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, China, Germany, Canada, and UK

Key companies profiled

Arm Ltd., Arorian Technologies GmbH, BlackBerry Ltd., Bluekei Solutions Pvt.Ltd., Continental AG, ETAS GmbH, Expleo Group SAS, Keysight Technologies Inc., Larsen and Toubro Ltd., Li Auto Inc., MulticoreWare Inc., NCC Group Plc, NIO Ltd., NTT DATA Corp., NXP Semiconductors NV, Real-Time Innovations Inc., Rivian Automotive LLC, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Siemens AG, TE Connectivity Ltd., Tesla Inc., u blox AG, Vector Informatik GmbH, XPeng Inc., and Zhejiang Geely Holding Group Co. Ltd.

Market Driver

The automotive industry is experiencing a shift towards safer and more reliable vehicles, particularly in the luxury segment. With growing concerns over road safety and increasing customer demand for advanced safety features, automotive Original Equipment Manufacturers (OEMs) are incorporating technologies such as emergency brake assist, lane departure warning systems, collision mitigation warning, blind-spot detection, and automatic emergency braking systems. These safety technologies have higher penetration rates in sedans than in SUVs, but are now being introduced on a larger scale in crossovers. Customers’ preferences for safety systems, coupled with safety awareness and ratings by automotive bodies like the New Car Assessment Program (NCAP), have driven the focus on safety features. For instance, the Australasian New Car Assessment Program (ANCAP) conducts safety tests, including frontal crashworthiness and side-impact tests, to determine a vehicle’s safety quotient. These ratings significantly influence customers’ purchasing decisions. In response, automakers are integrating Software-Defined Vehicles (SDV) to enhance safety and meet customer demands. SDVs enable the integration of advanced safety systems and connectivity features, providing real-time data processing and improved vehicle performance. This shift towards SDVs is expected to positively impact the luxury vehicle market during the forecast period. 

The Software-Defined Vehicle (SDV) market is experiencing significant growth, particularly in the area of Hybrid Electric Vehicles (HEVs). Key trends include the use of Hybrid powertrains, Battery Management Systems, Electric Motor Control, Energy Regeneration, Human-Machine Interfaces (HMIs), and Cybersecurity. These innovations aim to improve vehicle performance, efficiency, and safety. SDVs also face challenges such as Safety and Environmental Regulations, Hardware configurations, Faults, and Recall campaigns. Logistical challenges arise from the need for Over-the-Air updates and Online fixes, which require Cybersecurity measures to prevent cyberattacks. The market is also seeing advancements in areas like Infotainment, Connectivity and Security, Autonomous Driving, Navigation, and V2X Communication. However, the complexity of these Software systems can lead to operational costs and potential risks from Remote Hacking. The future of the SDV market lies in balancing innovation with security and regulatory compliance. 

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 Market Challenges

The global semiconductor chip shortage is negatively impacting the automotive industry and, consequently, the growth of the software-defined vehicle (SDV) market. As vehicles become more reliant on advanced electronic systems and software-driven functionalities, the disrupted automobile manufacturing process due to the chip shortage has led to production delays and reduced output. Automakers are prioritizing critical vehicle components, causing delays in software development and integration investments. This bottleneck hinders the adoption of innovative software-driven technologies and stifles revenue opportunities for SDV vendors. The chip shortage has forced carmakers to idle production lines, resulting in reduced automotive production in various parts of the world. For instance, Ford Motor Co. And Renault have announced production reductions due to chip shortages. This production slowdown will hinder the growth of the global SDV market during the forecast period.The Software-Defined Vehicle (SDV) market is experiencing rapid growth as technologically advanced vehicles become the norm. OEMs and Tier 1 hardware providers collaborate to create safer, more connected vehicles. However, challenges persist. Safety protocols and encryption procedures are crucial for secure SDV platforms. Monetization through software-centric business models and continuous customer engagement are essential. Remote diagnostics, fleet management, and software updates are key features. Security patching and vehicle safety are top priorities, as interconnected systems increase vulnerabilities to cyber threats. Standardizing hardware and autonomous driving technology are critical to overcoming legacy OEMs’ resistance to software upgrades. SemiSDVs offer a middle ground, while cloud-native technologies and opensource platforms enable innovation. Driving assistance, connectivity, digitalization, and electrification are driving the market forward. NIO, Tesla, and other automotive manufacturers are leading the charge towards autonomous driving and electrification, using advanced technologies like sensor fusion and vehicle-to-everything (V2X) communication. The future of the SDV market is bright, but addressing cybersecurity concerns and ensuring standardization will be crucial for success.

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Segment Overview 

This software-defined vehicle (sdv) market report extensively covers market segmentation by  

Type 1.1 Semi-SDV1.2 SDVVehicle Type2.1 Passenger cars2.2 Commercial vehiclesGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Semi-SDV-  The Software-Defined Vehicle (SDV) market is experiencing significant growth due to the increasing demand for customizable automobiles and the rapid advancement of technology. Semi-SDVs, a subset of SDVs, are gaining popularity as they allow users to manage and control underlying vehicle hardware and capabilities through software. Infotainment systems, sensors, diagnostics, navigation, and battery charging are just a few functions being simplified by SDV software. This software offers an economical solution for modifying vehicles to meet changing user needs, eliminating the need for costly hardware upgrades. The automotive industry’s focus on comfort and convenience has also driven the development of SDVs. With the competition increasing and sales growing in the global automotive market, the development timeline for innovative SDV technologies and their adoption among Original Equipment Manufacturers (OEMs) are decreasing. Additionally, the increasing dependency on automation technologies in vehicles necessitates improvements in safety and security. Semi-SDVs, which can be controlled both automatically and manually, are designed to meet these requirements while ensuring the driver remains ready to take control. This shift towards semi-SDVs is expected to positively impact the growth of the SDV market.

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Research Analysis

Software-Defined Vehicles (SDVs) represent the future of the automotive industry, offering advanced features and capabilities through complex software systems. Unlike conventional vehicles with fixed hardware configurations, SDVs allow for over-the-air updates, online fixes, and continuous customer engagement. However, these vehicles also present unique challenges. Faults in software can lead to recall campaigns, and logistical challenges arise from the need for constant connectivity and remote diagnostics. Cyberattacks and cyber threats, including remote hacking, are significant concerns due to the interconnected nature of SDVs. Navigation, autonomous driving, and V2X communication are just a few of the advanced technologies enabled by SDVs. However, software development shortcomings, safety protocols, and encryption procedures must be addressed to ensure vehicle safety. Monetization of SDV platforms and a software-centric business model offer new opportunities for OEMs, Tier 1 hardware providers, and chip providers. Standardizing hardware and addressing cyber vulnerabilities are essential to the automotive life prolongation and the adoption of autonomous driving technology. Cloud-native technologies are also crucial for managing fleet operations, software updates, and security patching.

Market Research Overview

Software-Defined Vehicles (SDVs) represent the future of the automotive industry, offering advanced technologies and capabilities that go beyond conventional vehicles. Unlike traditional vehicles with fixed hardware configurations, SDVs allow for over-the-air updates and online fixes, reducing operational costs and improving vehicle safety. However, these complex software systems also present new challenges, such as cyberattacks and vulnerabilities. SDVs enable features like autonomous driving, navigation, and V2X communication through continuous software updates and security patching. The software-centric business model offers opportunities for monetization and customer engagement, while fleet management and remote diagnostics become more efficient. However, SDVs also face logistical challenges, including standardizing hardware and ensuring cybersecurity and safety protocols. OEMs, technologically advanced vehicle manufacturers, and Tier 1 hardware providers collaborate to address these challenges and create a seamless connected ecosystem. SDVs also include semi-SDVs, which offer a hybrid approach between hardware-centric and software-centric designs. The automotive industry’s digitalization and electrification trends further drive the adoption of SDVs, with electric mobility and hybrid powertrains becoming increasingly popular. Despite the benefits, SDVs also present new challenges, such as cyber threats and vulnerabilities, which require ongoing attention and innovation from the industry. The future of the SDV market lies in advanced technologies, autonomous driving, and the integration of cloud-native technologies and opensource platforms.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSemi-SDVSDVVehicle TypePassenger CarsCommercial VehiclesGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Quarterhill Awarded High-Speed Weigh-In-Motion Prescreening Contract in Belgium

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The new WIM station will assist Brussels Mobility in achieving its goals of improving road safety and creating a fair regulatory environment by reducing the number of overloaded vehicles on the roads of the Brussels region.Traffic data provided by the system will support Brussels Mobility’s mission to foster economic growth and improve quality of life through the development of transport infrastructure.

TORONTO, Jan. 10, 2025 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), announced today a contract to provide weigh-in-motion (“WIM”) technology to Brussels Mobility through a joint project with Belgium-based technology integrator Jacops NV (“Jacops”). Quarterhill will be responsible for the design and supply of the WIM subsystem, technical support, and training. Quarterhill will also provide Jacops with the software necessary for commercial vehicle monitoring and enforcement.

Quarterhill will supply the WIM system for the Brussels-Capital Region weigh station, which will be used to pre-select overloaded vehicles for enforcement. The dynamic weighing station will promote and improve the efficiency of inspections by screening vehicles at highway speeds in advance of the law enforcement inspection site. In addition, the weigh station will generate data that provides an accurate, real-time picture of the vehicles on the E19 highway.

The system’s goal is to reduce the number of overloaded vehicles on the Brussels Region’s roads. Overloading causes many problems, such as rapid road deterioration, more serious accidents, and unfair competition between transport companies. Quarterhill’s technology mitigates these issues by screening for overweight vehicles while optimizing the use of enforcement resources.

“We are excited at the prospect of introducing our advanced enforcement technology to Brussels Mobility and expanding our presence in Europe,” said Chuck Myers, CEO of Quarterhill. “Together with Jacops, we will deploy a state-of-the-art high-speed WIM system that will make Belgian roads safer and more sustainable. We have a longstanding relationship with Jacops as a customer for our microwave sensor products, and this project demonstrates how having a broad portfolio of traffic technologies and established relationships with traffic system integrators leads to further opportunities.”

The weigh station will monitor four lanes of one-way traffic on the highway and record data on vehicle classification and vehicle tax without impeding traffic. An overview camera provides images to help enforcement personnel clearly identify vehicles flagged by the system. An Automated Number Plate Reader system will photograph, recognize, store, process, and transmit the number plates of vehicles approaching the dynamic weighing station.

Quarterhill’s iSINC WIM controller was selected for the project as it offers preselection of overweight vehicles, creates comprehensive vehicle records, classifies vehicles, and meets the desired standards for continual uptime monitoring and ease of service. iSINC’s versatility allows it to control a wide array of sensors, cameras, dimensioning systems, communication systems, and custom equipment.

WIM sensors that comply with the accuracies outlined in the Nmi International WIM standard Specification and test procedures for WIM Systems will be installed at the site. The WIM sensors meet the lane width specifications and provide high durability, stable output over time, and IP68 water resistance.

Quarterhill will advise Jacops on the design and placement of the WIM system components to ensure optimal operation, including onsite technical support for installation, testing, and initial calibration. Quarterhill will also provide Jacops with thorough training on the WIM components and system calibration. Over the 2-year warranty period, Quarterhill will provide remote diagnostics and technical support to ensure continuous uptime and optimal performance.

“This project shows that Quarterhill’s technology is well suited to the precise needs of European agencies. We are set to elevate road safety and integrity in the region, reinforcing our expanding footprint in this important market,” stated Heimo Haub, Managing Director, Quarterhill Europe.

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill’s products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company’s most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill’s ability to execute on its business plan; demand for Quarterhill’s products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-awarded-high-speed-weigh-in-motion-prescreening-contract-in-belgium-302347610.html

SOURCE Quarterhill

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ez1099 2024 Edition Tax Preparation Software for 2025 Tax Season Is Available for Electronic Filing

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REDMOND, Wash., Jan. 10, 2025 /PRNewswire/ — Designed for US business owners, tax professionals and entrepreneurs, the latest ez1099 tax form software from Halfpricesoft.com is easy to navigate and streamline processing unlimited forms for multiple companies for one flat rate.  The latest edition of ez1099 supports paper form printing, pdf printing and efile feature. It also comes with a recipient data import feature from the spreadsheet and QuickBooks IIF file.

 

“ez1099 2024 software is now available for business owners and tax professionals to print and file 1098’s and 1099’s, seamlessly.” Dr. Ge, Founder of Halfpricesoft.com, says.

ez1099 software streamlines the preparation, printing, and e-filing of essential IRS forms, including W2G, 1097BTC, various 1098 forms (1098, 1098C, 1098E, 1098F, 1098Q, 1098T), numerous 1099 forms (1099A, 1099B, 1099C, 1099CAP, 1099DIV, 1099G, 1099INT, 1099K, 1099LTC, 1099MISC, 1099NEC, 1099OID, 1099PATR, 1099Q, 1099QA, 1099R, 1099S, 1099SB, 1099SA), 5498 forms (5498, 5498ESA, 5498QA, 5498SA), as well as 8935, 3921, 3922, and 1096 forms.

Cost is only $79 per installation for the basic version of ez1099 Software or $139 per installation for the advanced version with bulk printing feature, import feature, PDF file creation and electronic filing capability. Also offered in a network version for two or more installations starting at $199 to enable sharing data between computers or offices.

ez1099 is compatible with Windows 11, 10, and 8.  It can also run on Windows Vista system, 7, and MAC machines (Mac can run the system only if installed with Bootcamp).

The features in the latest version ez1099 software include but are not limited to:

electronically file unlimited forms to the IRS with one flat rateez1099 blank paper prints out recipient copiesPrint in bulk for faster processingQuick data importing featureCustomers can save even more time by compiling and saving form data for later use and modificationSupport unlimited accounts and unlimited recipients at no additional chargeGo green with optional PDF document converting and e-file (electronic filing) featuresFeature to process correction forms included

Starting at $79.00 for the print and mail version and $139.00 to electronically file. Halfpricesoft.com welcomes all clients to begin the no obligation thirty-day test drive today at https://www.halfpricesoft.com/1099_software.asp#purchase

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small to midsize business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, 1095 ACA form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers for over 20 years and will assist business owners simplify payroll processing and streamline business management.

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SOURCE Halfpricesoft.com

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The New York Stem Cell Foundation Research Institute Enters Agreement to Accelerate Precision Drug Discovery for Neurodegenerative Disease

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Partnership Will Harness NYSCF’s Automated Cell Culture Systems and Artificial Intelligence Capabilities to Study Disease at an Unprecedented Cellular Level

NEW YORK, Jan. 10, 2025 /PRNewswire/ — The New York Stem Cell Foundation (NYSCF) Research Institute today announced they have entered into an agreement with Janssen Research & Development, LLC, a Johnson & Johnson company, to use NYSCF’s AI-powered platform for drug discovery to target neurodegenerative disease. This initiative brings together NYSCF’s advanced robotic systems for stem cell research and J&J’s expertise in drug discovery and data science to unlock novel disease insights and accelerate the development of more effective and tailored treatments.

NYSCF has developed proprietary automation technology that enables large-scale, reproducible disease modeling and drug screening using patient-derived stem cells. By combining high-content cell imaging with machine learning-driven analysis, NYSCF’s platform can reveal previously undiscovered disease phenotypes and therapeutic targets leading to the development of novel therapeutic approaches. This versatile platform is adaptable to a wide range of cell types and diseases, making it uniquely positioned to advance precision medicine for patients.

“This work with Johnson & Johnson allows us to integrate our cutting-edge stem cell automation and AI platform with their deep expertise in therapeutic development,” said Jennifer J. Raab, President and CEO of NYSCF. “Together, we look forward to accelerating the discovery of innovative treatments for patients affected by devastating neurodegenerative disease.”

About The New York Stem Cell Foundation Research Institute
The New York Stem Cell Foundation (NYSCF) Research Institute is an independent non-profit organization accelerating cures and better treatments for patients through stem cell research. The NYSCF Research Institute is an acknowledged world leader in stem cell research and in the development of pioneering stem cell technologies, including the NYSCF Global Stem Cell Array®, which is used to create cell lines for laboratories around the globe. NYSCF focuses on translational research in an accelerator model designed to overcome barriers that slow discovery and replace silos with collaboration. For more information, visit nyscf.org.

CONTACTS:
David McKeon
212-365-7440
dmckeon@nyscf.org

Chris Taylor
chris@christaylorpr.com

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SOURCE The New York Stem Cell Foundation

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