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Autonomous vehicles ranked among top 10 innovations attracting investment

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The convergence of automotive and technology industries is accelerating the pace of innovation in the mobility and transportation sectors, leading to a surge in patent grants relevant to autonomous vehicles while also attracting venture capital investors’ interest in the area.

GlobalData, a leading data and analytics company, has ranked autonomous vehicles among the top 10 innovation-led technologies.

GlobalData’s Technology Innovation Intensity framework is a proprietary data-driven model that incorporates key innovation drivers from alternative datasets such as patents and deals to track a technology’s pace of innovation as well as its lifecycle stage. [Read more…] about Autonomous vehicles ranked among top 10 innovations attracting investment

Urban air taxi solutions will revolutionize mobility industry, says GlobalData

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The race to develop urban air mobility (UAM) solutions has gathered momentum over the past few years even though the concept has been around for decades.

UAM, in particular electric vertical take-off and landing (eVTOL), has potential benefits such as easing traffic congestion and enables efficient passenger and cargo transportation, says GlobalData, a data and analytics company.

In a global survey (over 500 respondents) conducted by GlobalData between 6 May and 10 May 2021, 35 percent of the respondents stated that they are aware of UAM/flying vehicles, and 34 percent felt that safety and reliability will be the primary drivers for using UAM solutions. [Read more…] about Urban air taxi solutions will revolutionize mobility industry, says GlobalData

Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

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Hyundai Motor Group has agreed to acquire approximately 80 percent stake in American engineering and robotics design company Boston Dynamics from SoftBank Group for $1.1bn.

The move can fuel Hyundai’s long-term goal to become a smart mobility solutions provider by leveraging Boston Dynamics’ robots such as bipedal and quadruped equipped with 3D vision, navigation and advanced intelligence, says data and analytics company GlobalData.

Venkata Naveen, senior disruptive tech analyst at GlobalData, says: “Hyundai’s move to acquire major stake in Boston Dynamics polarizes with many automakers competing to add their name to the me-too stack of autonomous carmakers by purchasing self-driving tech startups. [Read more…] about Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData

3D printing moving into mainstream manufacturing, says GlobalData

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3D printing technology is slowly cementing its role as a key part of the manufacturing mix, continuing its journey towards industry 4.0.

It has already lowered the barriers to entry for manufacturing, allowing enterprises across many industries to respond to customer demands while offering greater customization of products and speed to market, says GlobalData, a data analytics company.

Venkata Naveen, disruptive tech analyst at GlobalData, says: “3D printing has leaped from the proof-of-concept stage to a viable manufacturing alternative, demonstrating its potential in real-world environments, notably in industries such as aerospace and defense, construction, consumer and automotive.” [Read more…] about 3D printing moving into mainstream manufacturing, says GlobalData

Industrial automation is ‘paying the price for failing to think big and invest bigger’

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The industrial automation sector is “paying the price for failing to think big and invest bigger”, according to a report by GlobalData.

The industrial automation sector was not in a great place before Covid-19 struck, having been slowed by flat capital expenditure and declining industrial production, says GlobalData, a leading data and analytics company.

The virus has since closed factory after factory worldwide with workers sent home. The reality is that despite much hype over the years, advanced factory automation has not been substituted for human workers at scale. [Read more…] about Industrial automation is ‘paying the price for failing to think big and invest bigger’

Automotive manufacturers need digital transformation to survive disruption

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Automotive manufacturers need to accelerate digital transformation initiatives in order to survive disruption, according to analysis by GlobalData.

From automation and seamless connectivity to personalization, digital technologies are putting the automotive industry in a state of disruptive transition.

Against this backdrop, auto manufacturers need to explore new digital solutions across the value chain to conceive new models and survive in the rapidly transforming industry, says GlobalData, a data and analytics company. [Read more…] about Automotive manufacturers need digital transformation to survive disruption

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