The connected car devices market is expected to reach USD 57.15 billion by 2021. The major factors responsible for the growth of this market include the introduction of advance technologies, such as adaptive cruise control and lane departure warning systems in premium and mid-segment cars, and rising awareness about vehicle, driver and pedestrian safety. The global connected car devices market is dominated by the globally established players such as Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive, PLC (U.K.), Robert Bosch GmbH (Germany), and Autoliv Inc. (Sweden). The key growth strategies adopted by these players include expansion and new product development.
Is lighter safer?
Recent research suggests that lighter, more fuel-efficient cars are safer, according to a Green Car Report by John Voelcker. Unfortunately, the analysis is flawed. The researchers, who published the NBER analysis, collected weight data for vehicles sold in the U.S. from 1954 to 2005, and analyzed reports of 17 million crashes from 1989 through 2005. For each one, they noted the weights of the vehicles involved and whether the crash caused one or more fatalities. Vehicle weight started to decline after the original set of CAFE standards were introduced in 1975 and a first round of lighter vehicles began to hit the roads over the next 10 years. The original argument that lighter-weight vehicles may increase injuries or deaths from crashes between vehicles works if you lighten one vehicle while keeping the other at a constant weight. But that’s not what’s happening. As CAFE standards continued to make new vehicles more fuel-efficient, every new vehicle got lighter. At the same time, crash-safety tests have gotten more stringent. The paper, however, appears to lack any discussion – or even recognition – of the fact that safety standards notably strengthened for all new cars sold between 1989 and 2005, the period of the crashes studied. In 1989, only a few cars had even a single airbag, for instance, while by 2005, six airbags was the standard. Without addressing the mandated improvement in crash safety and survival equipment in cars during the period studied, the conclusion that lighter cars actually improve safety seems unwarranted
Lithium battery spurs popularity of electric vehicles
A new report by Variant Market Research projects that the global lithium-ion battery market is estimated to reach $56 billion by 2024, growing at a CAGR of 10.6 percent from 2016 to 2024. Lithium-ion batteries are rechargeable and therefore the lithium compound plays a crucial role, acting as an anode. The report indicates that lithium cells can produce voltage from 1.5 V to about 3 V based on the types of materials used. These batteries have a potential to achieve an exorbitant energy and power solidity in high-density battery applications, such as automotive and standby power. Lithium-ion batteries are now widely implemented as the power or energy source of a wide range of products, from portable electronics to electric vehicles, increasing adoption of smartphones, tablets and digital cameras around the world.