Innoviz Systems Announces Compliance with Essential Automotive-Grade Common, Streamlining Adoption by Main Automakers Pursuing Automated Driving

TEL AVIV, Israel, Feb. 8, 2022 /PRNewswire/ — Innoviz Systems, Ltd., (Nasdaq: INVZ), a top company of significant-effectiveness, sound-state LiDAR sensors and perception program, is happy to announce that it has accomplished compliance with automotive regular IATF 16949:2016. The compliance assertion acknowledges Innoviz for building its personal automatic production procedures and complying with this standard alone in addition to its supply chain.

The International Automotive Process Force (IATF) is billed with delivering improved high-quality products and solutions to automotive shoppers globally and is composed of planet-primary automotive manufacturers, together with Innoviz’s spouse BMW. The IATF 16949:2016 standard is the most greatly employed high quality management common for the automotive field and certifies that Innoviz has the method-oriented high quality administration systems to enable ongoing enhancements, prevent defects, and cut down variation and squander in the offer chain.

This certification is proof that Innoviz has solved the producing obstacle of developing substantial-good quality LiDAR regularly and quickly, generating it less difficult for Tier-1 suppliers and automakers outside of its companions Magna Worldwide, Aptiv, HiRain, Harman International Industries, and BMW, to adopt Innoviz’s LiDAR technologies for superior driver-guidance systems (ADAS) and autonomous driving applications.

“The mass deployment of autonomous automobiles is entirely dependent upon the industry’s skill to manufacture automotive-grade LiDAR technological innovation that meets the two efficiency and price requirements,” said Omer Keilaf, CEO and co-founder of Innoviz. “We have been doing the job carefully with the automotive sector for many years to create our LiDAR technologies. Not only does this recognition set us in a solid placement to capitalize on the buyer AV sector, but as a third-occasion validation, this is also additional proof of our attempts to make our products and solutions as responsible and safe and sound as any other car or truck element”

“Accomplishing IATF compliance marks a key milestone for Innoviz and positions us ahead of the levels of competition in the marketplace for automotive-grade LiDAR technologies,” claimed Shmuel Mironi, director of top quality and dependability at Innoviz. “Our staff is driven by a determination to high-quality and basic safety over all else, and we’re delighted our initiatives have paid off.” 

About Innoviz Systems
Innoviz is a international chief in LiDAR technologies, operating toward a foreseeable future with safe and sound autonomous motor vehicles on the world’s roads. Innoviz’s LiDAR and perception software package “see” far better than a human driver and decrease the risk of mistake, meeting the automotive industry’s strictest expectations for functionality and security. Running throughout the U.S., Europe, and Asia, Innoviz has been elected equally by an internationally-recognized quality auto model for use in buyer vehicles as properly as by other commercial and industrial leaders for a large array of use instances. For a lot more info, pay a visit to www.innoviz.tech.

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Automotive Technologies Market Size to grow by USD 134.06 bn | Rising Adoption of ADAS Features in Vehicles to Boost Growth

NEW YORK, Nov. 26, 2021 /PRNewswire/ — The automotive technologies market will be driven by the rising adoption of ADAS features in vehicles. The market is expected to grow by USD 134.06 bn from 2020 to 2025. According to Technavio, the growth momentum of the market will decelerate at a CAGR of 11.04%. The report offers an up-to-date analysis as well as exact growth variance and Y-O-Y growth rate.

Attractive Opportunities in Automotive Technologies Market by Component and Geography – Forecast and Analysis 2021-2025

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The automotive technologies market is fragmented, and the degree of fragmentation will decelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The automotive technologies market report covers the following areas:

Automotive Technologies Market 2021-2025: Segmentation

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Automotive Technologies Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

The rising adoption of ADAS features in vehicles, the increasing adoption of electronics-based driving comfort and safety systems, and intervention of innovative technologies for advanced UI will offer immense growth opportunities. However, lack of standard protocols, lack of connected infrastructure, and delay in luxury of ongoing updates and amendments will challenge the growth of the market participants.

Automotive Technologies Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive technologies market, including Continental AG, DENSO Corp., HELLA GmbH and Co. KGaA, Intel Corp., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Xilinx Inc., and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research report on the automotive technologies market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Subscribe to our “Lite Plan” billed annually at USD 3000 that enables you to download 3 reports/year and view 3 reports/month.

Automotive Technologies Market 2021-2025: Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. Based on our research, APAC is expected to dominate the market during the forecast period. The region will account for 53% of the market’s growth. China, Japan, and South Korea (Republic of Korea) are the key countries for the automotive technologies market in the region. APAC has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. The increasing adoption of electronics-based driving comfort and safety systems will drive the automotive technologies market growth in APAC.

Automotive Technologies Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist automotive

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