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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U.S. Green Building Council Designates LEED Gold Award For SFCC’s Automotive Technologies Center

SFCC Automotive Technologies Center exterior. Courtesy/Enterprise Builders

SFCC Automotive Technologies Center vehicle lifts. Courtesy/Enterprise Builders

SFCC News:

SANTA FE — Santa Fe Community College (SFCC) announces that the U.S. Green Building Council has certified the college’s Automotive Technologies Center at the Gold Level under the Leadership in Energy and Environmental Design (LEED) for New Construction rating system. The building earned 66 documented and approved points.

“SFCC is proud to have achieved LEED Gold for the Automotive Technology Center,” SFCC President Dr.  Becky Rowley said. “Our students, faculty and staff have an amazing building with state-of-the-art technology classrooms and labs that will prepare our students for well-paid professional opportunities in automotive technologies. The Center furthers the college’s commitment to sustainability and energy conservation.”

SFCC’s ATC supports students with the latest in computerized diagnostic equipment and electric vehicle maintenance capabilities. The 17,500 square foot building is equipped with classrooms and spaces that emulate the automotive customer service experience of an auto dealership including parts management, inventory control, quick repairs, and beginning to end of work ticketing system.

Educational spaces include a large shop space with lifts, three specialized labs: chassis/suspension, electric and EV/hybrid engine/power train, a computer/trainer classroom, offices, and support spaces.

The Flex Lab, located off the main entry plaza, doubles as a car showroom for events and is designed to be shared with other SFCC programs. The entry/corridor features a gallery sponsored by the Santa Fe Concorso that houses automotive photographs and memorabilia. Outside, there are four Electrical Vehicle Charging stations, an entry plaza, picnic tables, visitor parking, and fenced storage for program cars. The center replaces the previous 2,000 square foot leased garage space that was quite a distance from the main campus.

Director of Automotive Technologies Julia Furry said, “We’re thrilled that our new building has achieved the LEED Gold designation. It’s fitting that the ATC will be training students to repair and maintain EV/hybrid vehicles in this space. Also, anyone can use the Chargepoint EV charging stations in front of the building (which can be found by drivers using the mobile app available at https://www.chargepoint.com/drivers/mobile/). Our students are loving taking classes in this new, spectacular, high-tech space.”

The building was not only designed to meet LEED Gold certification standards, but also to meet ASE (Automotive Service Excellence requirements). 

There is a shortage of trained automotive technicians in Santa Fe and surrounding areas. The ATC responds to this industry need. The Automotive Technologies Program is designed to provide students with entry-level employment as automotive technicians. By the time students complete the program, they will earn an A.A.S in Automotive Technologies along with earning certificates in seven competency areas: Automotive Engine Repair, Auto Maintenance and Light Truck Repair, Automatic Transmission Transaxle, Automotive Heating and Air Conditioning, Brakes, Manual Transmission and Drive Train, and Steering and Suspension. SFCC offers a range of classes that prepare students to work on today’s advanced vehicle systems. The program provides students with the background and knowledge to earn Automotive Service Excellence certifications. 

Also,

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Hansen & Adkins chooses TMS software from Magnus Technologies | News

H&A said it has eliminated the printing and mailing of settlement sheets to drivers. Weekly settlements and pay estimates for every load are now visible to drivers within the Magnus Driver app, which works in conjunction with the TMS. The app also provides visibility of assignment, tracking and load fulfilment.

The car carrier said the TMS provides a streamlined communications process. H&A communicates with as many as six different supply chain partners for each delivery, each with its systems. Magnus has taken over the management of all these connections for H&A. 

Early implementation
The TMS was implemented ahead of its scheduled October start because of a critical outage in H&A’s legacy system on August 27, leaving employees to resort to manual, paper-based procedures to keep the business up and running. According to the company, restoring the service was a significant challenge, and it turned to the Magnus system that was being tested following a contract signed in June this year.

“We looked to the Magnus team to accelerate our implementation to minimise the impact of the outage on our customers,” said Jay Kelly, vice-president of information technology at Hansen & Adkins. “During the second week of September, H&A went live with Magnus, a full three weeks ahead of schedule.”

The application of digital tools in the finished vehicle sector will be part of discussions at next week’s Finished Vehicle Logistics North America conference in California

Kelly continued: “If we had done this with a system that needed to be tailored to automotive logistics, it would have prolonged our recovery. The intuitiveness of the system enabled us to deploy with little or no training throughout our departments.”

Matt Cartwright, CEO of Magnus Technologies, said: “Getting a large transportation company like H&A running on a new enterprise TMS system in just a few short weeks was a huge accomplishment for both sides. The customers and partners of H&A all responded positively to the change. Many of them already had experience with Magnus and knew our capabilities.”

Out with the old
The system’s rollout follows a move H&A made two years ago to modernise its technology and business processes. Central to that was the hiring of Kelly, an IT professional with experience in implementing large-scale ERP solutions for utility companies going through digital transformations.

H&A made it a priority for him to replace its legacy TMS system, which it deemed unfit for the business’ evolving needs in finished vehicle distribution. The company said it wanted a modern software-as-a-service (SaaS) tool with the advantages of heightened IT security, low overheads, no IT maintenance and scalability.

“It was clear we had to find something different,” said Kelly. “We needed a technology partner with a platform capable of meeting our business needs. We also needed a partner who was thinking about the future. The path to get there was not with legacy client-server technology.

H&A wanted a modern, enterprise SaaS for the advantages of heightened IT security, low overhead, no IT maintenance and scalability, which the

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