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Secure Logistics Market to Grow by USD 32.74 Billion (2024-2028) Driven by AI and Increasing Demand for Secure Global Cash Circulation

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NEW YORK, Oct. 3, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global secure logistics market size is estimated to grow by USD 32.74 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 7.4%  during the forecast period. Rising need for secure logistics for global cash circulation is driving market growth, with a trend towards growing ability to track shipments. However, competition from multiple secure logistics players  poses a challenge. Key market players include AGS Transact Technologies Ltd., Allied Universal, Cash Logistik Security AG, CMS Info Systems Ltd., GardaWorld Security Corp., Security Logistics Co., Japan Post Holdings Co. Ltd., Loomis AB, Paragon Security, Prosegur Compania de Seguridad SA, Securitas AB, Security Plus Group, SIS Ltd., SSL Logistics, StorageVault Canada Inc., The Brinks Co., and Writer Business Services Pvt. Ltd..

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

Secure Logistics Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.4%

Market growth 2024-2028

USD 32736.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.75

Regional analysis

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

Performing market contribution

APAC at 37%

Key countries

US, China, Canada, Germany, India, and UK

Key companies profiled

AGS Transact Technologies Ltd., Allied
Universal, Cash Logistik Security AG, CMS Info
Systems Ltd., GardaWorld Security Corp.,
Global Security Logistics Co., Japan Post
Holdings Co. Ltd., Loomis AB, Paragon Security,
Prosegur Compania de Seguridad SA, Securitas
AB, Security Plus Group, SIS Ltd., SSL
Logistics, StorageVault Canada Inc., The Brinks
Co., and Writer Business Services Pvt. Ltd.

Market Driver

Secure logistics providers offer consumers a tracking code to monitor the progress and estimated arrival time of their shipments. This feature, enabled by various tracking technologies, provides numerous benefits. By keeping track of pick-up times and total transit durations, shippers can optimize costs and enhance logistics performance. Real-time visibility into shipment locations allows for quick response to delays and the ability to adjust transportation methods for improvement. Advanced notifications about delivery status help manage customer expectations and prevent dissatisfaction. Technologies like Automatic Identification and Data Capture (AIDC), barcode readers, and Radio-Frequency Identification (RFID) are commonly used for tracking. AIDC includes barcode readers and RFID, which utilize radio waves for data recognition. Bluetooth-enabled devices and real-time tracking technologies provide near-real-time coverage, enabling accurate shipment monitoring and theft prevention. Traditional tracking methods remain relevant, but advancements in technology continue to improve supply chain visibility. 

Secure logistics is a crucial aspect of supply chain management, ensuring the safe transport and storage of valuable goods. Deregulation and foreign direct investments are driving growth in this market, with high net-worth individuals and wealth management services also utilizing secure logistics for diamonds, fine arts, and other high-value items. Technology trends like blockchain, IoT, AI, and machine learning algorithms are enhancing security and efficiency. Governmental agencies and international regulations play a key role in setting standards for cash logistics, manufacturing, public infrastructure, and transportation modes like road, rail, air, and e-commerce. Static and mobile secure logistics solutions cater to various industries, including financial institutions, retailers, and inventory management. Real-time monitoring using RFID, GPS, and security personnel, along with armored vehicles and airplanes, ensure confidentiality and product authenticity for temperature-sensitive goods and valuable items. Outsourcing services in cash logistics, IT, and ATM management further strengthen the secure logistics market. 

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 Market Challenges

The global secure logistics market is characterized by the presence of numerous competitors offering similar services, driven by the forces of globalization. To stand out, logistics providers must adapt to customers’ unique needs, focusing on cost optimization and efficient order processing. Reducing transport delays and minimizing fuel costs are essential for cost optimization. Order processing involves accurately and swiftly handling orders to ensure customer satisfaction. Maintaining well-maintained fixed assets is crucial for consistent earnings and long-term success. In the competitive secure logistics market, companies that effectively implement these strategies gain a competitive edge.Secure logistics is a critical business function that ensures the safe and efficient transportation of valuable goods. Challenges in this market include managing Radio Frequency Identification (RFID) and Global Positioning System (GPS) tracking for real-time monitoring. Security personnel, armored vehicles, and advanced technology like GPS tracking systems and tamper evident seals are essential for safeguarding cargo. Valuables such as fine arts, precious metals, and rare materials require extra security measures. Outsourcing logistics to IT services and cash management companies can improve efficiency but raises concerns over confidentiality and regulatory compliance. Temperature-sensitive products and time-critical deliveries add complexity. Security technology, weapon handling, and armed personnel are necessary for defense instruments, jewels, gems, and cash-in-transit. Robbery is a constant threat, making reliable SLA management crucial. Product authenticity is another challenge, especially for high-value items like precious metals and rare minerals. Last-mile delivery and cross-border transport require security measures. Brink Incorporated, Cash Services, and Security Services are key players in this market, offering armored car transportation and ATM management solutions.

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Segment Overview 

This secure logistics market report extensively covers market segmentation by  

Service 1.1 Security services1.2 Cash servicesGeography 2.1 APAC2.2 North America2.3 Europe2.4 Middle East and Africa2.5 South America

1.1 Security services-  The outsourcing of security services is on the rise due to the financial advantages of delegating non-core activities to established vendors. This global trend is driven by the high costs associated with maintaining an in-house security team, including recruitment and management. Securitas and G4S are leading vendors in this market, offering fully maintained security teams without requiring intervention from the client. Their trained workforce caters to diverse user requirements, such as corporate clients, shopping malls, individual customers, and airports. These factors are expected to fuel the growth of the secure logistics market in the forecast period.

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Research Analysis

Secure logistics is a critical component of the supply chain, ensuring the safe and efficient transportation and storage of high-value goods. Deregulation and Foreign Direct Investments have fueled the growth of this market, particularly in emerging economies. Wealth management services and High Net-worth Individuals (HNWIs) have increased the demand for secure logistics solutions, including cash logistics and inventory management. Technological advancements, such as Blockchain, Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning algorithms, are revolutionizing secure logistics. Real-time monitoring through GPS and RFID technology, security personnel, armored vehicles, and cash-in-transit companies are essential players in this market. The transportation sector includes airplanes, while warehousing and cash management services are crucial for secure storage. Diamonds and gemstones require specialized secure logistics solutions due to their high value and vulnerability to theft. Cash services, including ATMs and cash management systems, are a significant segment of the market. Electronic payment systems have also increased the demand for secure logistics services to ensure the safety of digital transactions. Security services, including cash-in-transit companies and financial organizations, are key stakeholders in the secure logistics market. The integration of AI and machine learning algorithms in inventory management and transportation optimizes operations and reduces risks. Overall, the secure logistics market is a dynamic and evolving industry that plays a vital role in the global economy.

Market Research Overview

Secure logistics is a specialized field of supply chain management that focuses on the safe and efficient transportation and storage of high-value goods. With deregulation and increased foreign direct investments, the market for secure logistics has seen significant growth. High net-worth individuals and wealth management services are major consumers of secure logistics services for diamonds, manufacturing components, public infrastructure, and other valuable assets. Technological advancements such as blockchain, Internet of Things, artificial intelligence, and machine learning algorithms are transforming the industry, providing real-time monitoring, confidentiality, and regulatory compliance. Governmental agencies and international regulations play a crucial role in shaping the secure logistics landscape. Cash logistics, including cash management, ATM services, and cash-in-transit companies, are a significant segment of the secure logistics market. Temperature-sensitive products, fine arts, precious metals, and security technology are other key areas of focus. Static and mobile types of secure logistics cater to various industries, including retail, e-commerce, transportation, and warehousing. Security technology, such as tamper evident seals, GPS tracking systems, and armed security personnel, is essential for secure transportation of goods. Last mile delivery, cargo transportation, and defense instruments are other important applications of secure logistics. Outsourcing, IT services, and cross-border transport are also driving the growth of the market.

Table of Contents:

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

ServiceSecurity ServicesCash ServicesGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

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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Deputies strive to heed, meet people’s needs

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Use of online services ensures more efficient collection of residents’ views

BEIJING, Oct. 3, 2024 /PRNewswire/ — A news report from chinadaily.com.cn:

Upon hearing the recent story of an elderly couple having to climb 17 stories in the sweltering heat after the elevator in their apartment building broke down in Kunshan, Jiangsu province, local lawmaker Jiang Yuqin sprang into action.

Jiang, along with concerned colleagues and maintenance workers, visited the property in the Zoujiajiao community on Aug 28 and discovered that the elevator was old and damaged.

Repair and maintenance work was immediately ordered for all elevators in the community, and Jiang visited the couple, who are both almost in their 80s, to seek their suggestions on how to better improve the safety of various community facilities.

“This is all part of my routine in serving the community, and also my duty as a deputy to the Suzhou People’s Congress,” said the 47-year-old.

In China’s political system, the people exercise State power through the National People’s Congress, the country’s top legislature, and people’s congresses at provincial, city, county and township levels, ensuring that their interests are reflected in the decision-making process. This year marks the 70th anniversary of the establishment of the NPC.

Data released by Xinhua News Agency in March showed that there were over 2.7 million people serving as deputies across the five levels of people’s congresses in China, including nearly 3,000 deputies to the NPC.

Deputies in China’s people’s congress system are tasked with engaging and interacting with local people and communities to best understand their needs, and seek their suggestions on a range of issues so that the deputies can present their views in the congress. This format of governance is referred to as whole-process people’s democracy.

This engagement with people and communities is ever expanding with the use of online services as well as face-to-face interaction, Jiang said.

Enriching the ways of connecting deputies with the people was called for by President Xi Jinping while he was delivering an important speech on Saturday at a meeting to celebrate the 70th anniversary of the founding of the NPC.

Xi, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, said that people’s congresses at all levels should support deputies in performing their duties and helping them enrich the ways they connect with the people.

Noting that the people’s congress system is an important institutional guarantee for realizing whole-process people’s democracy, Xi urged people’s congresses to put the people first, maintain close ties with the people and listen to their suggestions and opinions.

He also called on deputies to fully exercise their duties, better serving as the bridge between the people and the country.

For a deputy like Jiang, the major obligation is to listen to people’s ideas, provide a voice for them and help them solve difficulties in their work and life.

“I came from the people and was elected by the people,” said Jiang.

To provide some 10,000 people in the residential area with more convenient channels to raise their problems and submit advice, she has posted QR codes at the gates of each apartment building.

By scanning the code, people can access an online platform where they can report any challenges they encounter, including broken lights in corridors or leaking pipes at home. Jiang and her colleagues are dedicated to tackling the problems within a few hours.

Although these online services have contributed a lot to her work efficiency, Jiang said that visiting households and moving around the community must be continued, as face-to-face conversations are always conducive to understanding more about the opinions of the people and figuring out the roots of their difficulties.

Simple or minor matters in the community can be addressed directly by Jiang and her team. But for complex issues beyond her capacity, she said that she will conduct surveys and submit suggestions to Suzhou’s people’s congress, the city’s legislature, to solve them through joint efforts or optimizing relevant regulations.

For example, after receiving complaints about the haphazard parking of electric scooters posing safety risks, Jiang quickly invited some residents’ representatives and property staff to select locations within the community for organized parking of the vehicles, with the installation of additional charging facilities.

In another case, when she decided to assist stay-at-home mothers in seeking jobs after their children start school during the day, she said that this required a great deal of study and research.

“I need to know what time the women are available and what kind of work they are capable of. I also need to communicate with businesses around our community and find out if they are willing to provide opportunities for flexible employment,” she said.

As she conducted her research, she realized that it is not just a minority of young mothers who want to reenter the workforce, so she is planning to solicit ideas and opinions from more women and employers, in order to form a suggestion on the issue and submit it to the city’s legislature.

She said that the process has shown how the people’s congress system works, since its sound operation is an important means to realizing whole-process people’s democracy and also a key to guaranteeing the running of the country by the people.

Even as the ways of collecting people’s opinions have become more diverse with the rapid development of internet technologies, Tang Renqing, 72, another deputy to the Suzhou people’s congress, said that the principle of serving the people has never changed since the establishment of the system, nor can it be changed.

“Deputies, regardless of their profession or age, should be with the people, listen to their opinions and help them solve problems through the system,” he added. “Only in this way can we meet people’s aspirations for a better life, and ensure that the people are the masters of the country.”

Key channel for voices

The system is designed to include people from various backgrounds and cover a diverse cross-section of society. Working in a part-time capacity, deputies at each level are key channels for people’s voices. They are both entitled and obliged to stand for the people’s interests and express their views.

Since September 1954, when about 1,200 deputies elected by universal suffrage gathered in Beijing to attend the first session of the first NPC, the people’s congress system has provided an important institutional guarantee that has allowed the CPC to lead the people in realizing fast economic development and long-term social stability.

In recent years, Chinese lawmakers have also stepped up efforts to further uphold and improve the system by amending the Legislation Law and rules for members of the NPC Standing Committee, with the adoption of a decision on increasing reviews of normative documents to ensure that they are consistent with the Constitution.

View original content:https://www.prnewswire.com/news-releases/deputies-strive-to-heed-meet-peoples-needs-302267503.html

SOURCE chinadaily.com.cn

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Digital Domain Teams Up with AWS to Scale Autonomous Virtual Human Technology and Introduces Generative AI-Powered Features

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HONG KONG, Oct. 4, 2024 /PRNewswire/ — Digital Domain Holdings Limited (“Digital Domain”, stock code: 547), a global leader in visual effects and transformative experiences, recognized for nearly two decades of pioneering work in the virtual human space, today announced its collaboration with Amazon Web Services (AWS) to migrate its Autonomous Virtual Human (AVH) technology to the cloud. This collaboration, leveraging AWS’s advanced cloud infrastructure and generative AI and machine learning (ML) services, aims to propel the evolution and global reach of Digital Domain’s AVH technology and expand its use for multiple industries, including entertainment, gaming, healthcare, hospitality, and commercial applications.

As the innovator behind Zoey, the groundbreaking virtual human introduced in 2022, this collaboration marks a significant milestone for Digital Domain. AWS’s cloud services, particularly Amazon Bedrock, provide the necessary adaptability to drive AVH’s growth. With its high-performing foundation models, Amazon Bedrock significantly enhances virtual humans’ capabilities in real-time interactions. Additionally, Digital Domain is using Amazon Polly to help enhance voice outputs, and is considering using Amazon Rekognition for facial recognition and video-based services. AWS’s robust security and compliance features will safeguard Digital Domain’s data, reinforcing the integrity and scalability of the AVH platform. Through a successful partnership with Slalom, a leading technology consulting firm, Digital Domain has efficiently transitioned all AVH workloads to AWS in just nine months, enabling the company to scale AVH technology to meet the burgeoning global demand for real-time, AI-powered customer interactions.

By leveraging AWS’s cloud infrastructure, Digital Domain will unlock the flexibility, efficiency, and performance necessary to expand AVH capabilities. This scalability not only ensures a promising future for AVH technology but also opens up a world of exciting possibilities for its growth. By moving to the cloud, Digital Domain can offer AVH technology with greater speed, reliability, and cost efficiency, allowing clients in hospitality, entertainment, healthcare, and other business sectors to integrate these advanced digital humans into their operations seamlessly. This global accessibility means businesses worldwide can harness AVH technology to deliver personalized, real-time interactions at scale, enhancing customer service, boosting engagement, and elevating brand experiences. Whether it’s offering virtual concierge services, interactive customer support, or immersive storytelling, businesses can now more easily tap into this potent technology, adapting it to their unique needs and enhancing their operations.

“This collaboration with AWS marks a significant milestone for Digital Domain and our ambitions in virtual human technology,” said Daniel Seah, CEO of Digital Domain. “By migrating our Autonomous Virtual Human technology to the cloud, we are not only enhancing its scalability and performance but also expanding its accessibility to a global audience. AWS’s involvement is instrumental in pushing the boundaries of what’s possible, enabling us to create even more immersive and interactive experiences for our clients and their audiences. This collaboration will also allow us to establish new industry standards in the hospitality and travel sectors worldwide with our partnership with Plaza Premium Group, one of the largest independently run pay-in lounge operations in airports globally.”

“We are thrilled to collaborate with Digital Domain in this transformative journey to the cloud,” said Samira Bakhtiar, General Manager of Media & Entertainment, Games, and Sports at AWS. “As virtual humans play a larger role across industries to engage directly with customers, Digital Domain is ensuring that everyone has access to its visionary AVH technology by combining it with the most secure, extensive, and reliable global cloud infrastructure, as well as AWS’s generative AI and ML services. We look forward to working with Digital Domain to further expand AVH’s capabilities and bring virtual humans to more AWS customers.”

Digital Domain’s AVH technology represents a leap forward in creating lifelike virtual humans capable of real-time interaction. Through this collaboration with AWS and the use of advanced AI and ML tools, Digital Domain is set to redefine the standards of virtual human experiences, unlocking new possibilities in storytelling, customer engagement, and interactive entertainment.

Press Kit
https://wdrv.it/cf91884ad 

ABOUT DIGITAL DOMAIN

Digital Domain is a pioneer in creating transportive experiences. Over the past 30 years, Digital Domain has grown to lead the visual effects industry, expanding the arm of virtual humans and visualization globally. Digital Domain’s rich legacy comprises hundreds of feature films and episodes, thousands of advertisements, game cinematics, and experimental immersive experiences. A creative force in cutting-edge technologies, Digital Domain has brought exceptional artistry to Academy Award-winning blockbusters of Titanic, What Dreams May Come, and The Curious Case of Benjamin Button. Marvel Cinematic Universe titles crushed all-time worldwide box office, such as the Avengers franchise, and Stranger Things made a splash with Season IV. 

Digital Domain stands as a trailblazer, achieving the remarkable distinction of being the first independent visual effects studio. Since 2016, the company has charted a pioneering course into the realms of virtual reality technology and artificial intelligence, revolutionizing the creation of emotionally expressive and photorealistic virtual humans in real-time.

Digital Domain is listed on the Hong Kong Stock Exchange (Stock code: 547) and is headquartered in Hong Kong. Digital Domain maintains operations in multiple cities including Los Angeles, Vancouver, Montreal, Beijing, Shanghai, Hyderabad, and more. For more information, visit the official website – www.digitaldomain.com.

For more information about Digital Domain’s AVH technology and its collaboration with AWS, please visit www.digitaldomain.com.

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SOURCE Digital Domain

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Hyundai Mobis Unveils 65 Groundbreaking Technologies Driving Mobility Competitiveness

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Hosted ‘R&D Tech Day’ on the 2nd at Uiwang Research Center, showcasing 14 world-first technologies and other vital components.Focused R&D on the three pillars of electrification: ‘batteries, drive systems, and power conversion,’ enhancing flexibility to meet customer and market demands.Increased annual investment in future-oriented R&D by 15%, approaching 1.7 trillion KRW this year, with R&D personnel exceeding 7,000.

SEOUL, South Korea, Oct. 4, 2024 /PRNewswire/ — Hyundai Mobis has unveiled 65 mobility technologies slated for commercialization within the next two to three years. This milestone achievement results from concentrating this year’s record-high R&D investment of approximately 1.7 trillion KRW on electrification and electronics. Hyundai Mobis remains committed to its R&D strategy, which aims to proactively secure future competitiveness in the rapidly evolving global automotive industry.

On the 4th, Hyundai Mobis held the ‘2024 R&D Tech Day’ at its Uiwang Research Center in Gyeonggi Province, inviting major domestic media outlets. Tech Day is an event where Hyundai Mobis traditionally showcased its research and development achievements to clients every other year. This year, however, the company opened the event to external stakeholders, demonstrating its confidence in the results of its future mobility R&D development outcomes.

The Electrification Research Building, where the Tech Day was held, is a specialized research facility dedicated to next-generation electrification technologies, completed at the end of last year. It plays a pivotal role by consolidating the development of key electrification components, including R&D, testing and evaluation, and quality analysis, all under one roof.

Hyundai Mobis chose ‘Collective Inspiration’ as the theme for this Tech Day, symbolizing the integrated collaboration across all related departments in R&D to provide a comprehensive mobility integrated solution.

The exhibition featured seven themes and presented 65 key technologies in sectors such as electrification, electronics, and safety, including 14 world-first innovations. A Hyundai Mobis representative explained, “These achievements were made possible by advancing preemptive projects aligned with mobility trends, fostering a flexible R&D culture, and securing top talent through substantial investments.”

Announcement of Three Core Electrification Component R&D Strategies… Prioritizing In-House Design and Manufacturing to Lead Internationally

On the same day, Hyundai Mobis announced its three core development strategies for electrification components: drive systems, battery systems, and power conversion systems. Building on the expertise gained since developing hybrid battery systems, motors, and inverters in 2011, Hyundai Mobis aims to lead the industry with electrification solutions specialized for unit components, systems, Advanced Automotive Mobility (AAM), and robotics.

Lee Young-Kook, Vice President of Hyundai Mobis’s Electric Powertrain Engineering Division stated, “Despite external environmental changes such as the Chasm, hundreds of researchers at the Uiwang Research Center are diligently pursuing uninterrupted R&D activities,” adding, “Hyundai Mobis’s competitiveness in electrification components is recognized as top-tier by global customers, and many international clients, including those from Europe, are expected to attend this year’s R&D Tech Day.”

Among Hyundai Mobis’s three core electrification component strategies, the drive system is represented by a 3-in-1 integrated drive system combining motors, reduction gears, and inverters. Key focuses include miniaturizing the system, high-efficiency electromagnetic design, oil cooling, and power module technology. Building on this, specialized drive systems for PBVs and AAMs are also under development.

The battery system strategy emphasizes thermal management stabilization technology. The goal is to develop systems with inherent heat resistance and flame retardancy to prevent thermal transfer rather than merely delay it. Additionally, Cell-to-Pack technology, which skips the module stage to directly assemble packs from cells, is concentrating on increasing energy density. Future initiatives include next-generation battery cells and advanced technologies utilizing recycled batteries as new business ventures.

The power conversion system strategy focuses on developing the next-generation Integrated Charging Control Unit (ICCU), which incorporates the Electric Vehicle Communication Controller (EVCC). This advancement is expected to realize Vehicle-to-Everything (V2X) connectivity for electric vehicles, linking cars with charging infrastructure and smart home functionalities. Concurrently, Hyundai Mobis is accelerating the development of necessary power semiconductors.

Hosting a Large-Scale Exhibition to Attract Global Clients… Actively Leveraging Overseas Order Opportunities

Over recent years, Hyundai Mobis has consistently participated in global exhibitions, including CES. These events serve dual purposes: enhancing brand recognition among general audiences and actively utilizing them as business channels for securing orders from international clients.

The unprecedented number of exhibits unveiled at this year’s R&D Tech Day is a testament to this strategy. Of the total 65 exhibits, 21 were electronic components, the highest proportion. The majority showcased technologies in autonomous driving, advanced sensors, parking assistance systems, next-generation displays, and connectivity encompassing infotainment innovations.

Key products included a high-performance front radar with an extended detection range of 350 meters, an infrared camera with improved recognition capabilities under adverse weather conditions, generative AI specialized for vehicle care, and a 3D display with an expanded field of view.

Electrification components were presented in next-generation product lines tailored to market trends and customer requirements. Notable examples included in-wheel motors capable of crab steering, next-generation drive systems for compact trucks specialized for urban transportation, and bidirectional ICCUs with high power density.

In the safety and chassis sectors, Hyundai Mobis attracted attention by introducing world-first technologies in major core component areas such as airbags, lamps, braking, and steering systems. Highlights included a passenger-side airbag designed to reduce brain injuries during collisions, communication headlamps that interact with surrounding road conditions using HD LEDs, a third-generation regenerative braking system, and a rear-wheel steering system recognized as an innovative technology by North American automotive publication Automotive News.

Additionally, other standout innovations included a core device made from nickel-free metal powder without using expensive rare metals like nickel for inductors, ultra-high-speed battery charging cooling technology, e-corner systems enabling crab steering, and the next-generation infotainment integrated system M.Vics 4.0, all of which captivated the audience’s attention.

Media Contact 
Choon Kee Hwangckhwang@mobis.com
Myong Sun Song: sms@mobis.com

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