
Jimmy Carter: Many evolutions for a centenarian ‘citizen of the world’AP News Summary at 6:48 p.m. ESTAlexia Putellas scores 200th Barcelona goalNEW YORK , Nov. 26, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global automotive semiconductor market size is estimated to grow by USD 31.29 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.45% during the forecast period. Rising adoption of advanced driver assistance system (ADAS) features in vehicles is driving market growth, with a trend towards increasing developments in semi-autonomous and autonomous vehicles. However, lack of standard protocols poses a challenge.Key market players include Allegro MicroSystems Inc., Analog Devices Inc., BorgWarner Inc., Continental AG, DENSO Corp., Elmos Semiconductor AG, Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., STMicroelectronics International N.V., Texas Instruments Inc., and Toshiba Corp.. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Application (Telematics and infotainment, Powertrain, Safety, Body electronics, and Chassis), Vehicle Type (Passenger vehicle, Light commercial vehicle, and Heavy commercial vehicle), and Geography (APAC, North America, Europe, South America, and Middle East and Africa) Region Covered APAC, North America, Europe, South America, and Middle East and Africa Key companies profiled Allegro MicroSystems Inc., Analog Devices Inc., BorgWarner Inc., Continental AG, DENSO Corp., Elmos Semiconductor AG, Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Micron Technology Inc., NXP Semiconductors NV, ON Semiconductor Corp., Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, ROHM Co. Ltd., Samsung Electronics Co. Ltd., STMicroelectronics International N.V., Texas Instruments Inc., and Toshiba Corp. Key Market Trends Fueling Growth The automotive semiconductor market is experiencing significant growth due to the increasing demand for integrated electronics in motor vehicles. Semiconductor technology plays a crucial role in vehicle electrification, with electric cars, electric vans, hybrid electric vehicles, and solar-powered vehicles becoming more popular. Advanced safety systems, comfort features, and emission control devices are key areas of focus. Tesla and other automakers are investing heavily in autonomous cars, utilizing advanced sensors like radar, LiDAR, and image sensors for accuracy. Power electronics, microprocessors, and connectivity devices are essential components. Security is a top concern, with potential threats like spoofing, evasion attacks, and poisoning attacks. Emission norms are driving the need for electronics in emission control. The passenger car segment, including sedans, hatchbacks, and vans, is a major market, with gasoline-powered engines also utilizing semiconductors for telematics and infotainment systems. Cable harnesses, network systems, and various types of ICs are integral to automotive electronics. Autonomous vehicles, also known as self-driving cars, utilize advanced technologies such as computers, the Internet, and smartphones to operate with minimal human intervention. These vehicles employ sensor-processing technologies, superior quality planning, adaptive algorithms, and communication systems to read and sense the environment. Companies are expanding production capacities to meet increasing demand, driven by reduced vehicle operating costs, travel convenience, and the encouragement of long-distance commutes. The integration of automation and connectivity technologies is revolutionizing the automotive industry. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This automotive semiconductor market report extensively covers market segmentation by 1.1 Telematics and infotainment- The automotive semiconductor market is experiencing significant growth due to the increasing adoption of telematics and infotainment systems in vehicles. These systems combine telecommunications and information technology to monitor vehicle locations and movements using onboard diagnostic systems and GPS. They offer services such as safety, security, and navigation to passengers, making them essential for both passenger comfort and fleet management. Insurance companies and fleet management firms extensively use these systems for efficient transportation and logistics, enabling real-time fleet monitoring and reducing fuel consumption. The integration of cloud computing technology further enhances the capabilities of these systems, contributing to the market's growth during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The automotive semiconductor market is experiencing significant growth due to the increasing integration of electronics in motor vehicles. Semiconductor technology plays a crucial role in enabling advanced features such as vehicle electrification, safety systems, comfort systems, telematics, on-board infotainment, and emission control devices. The market for semiconductor content in automotive applications is expected to expand as the demand for electric vehicles (EVs), hybrid electric vehicles (HEVs), and solar-powered vehicles continues to rise. EVs and HEVs require more semiconductor content due to their complex power electronics systems. Advanced safety features, luxury components, and emission norms are also driving the demand for semiconductors in the automotive industry. Environmental concerns and the need to reduce harmful exhaust emissions are further boosting the market for semiconductor technology in motor vehicles. Market Research Overview The automotive semiconductor market is experiencing significant growth due to the increasing integration of electronics in motor vehicles. Semiconductor technology plays a crucial role in enabling advanced features such as vehicle electrification, safety systems, comfort systems, and telematics in various types of vehicles including electric cars, electric vans, hybrid electric vehicles, solar powered vehicles, and luxury components in premium segment cars. Semiconductor content in motor vehicles includes power electronics, microprocessors, advanced sensors, and connectivity devices. The trend towards electric vehicles (EVs) and hybrid vehicles (HEVs) is driving the demand for semiconductors, as these vehicles require more sophisticated power electronics for battery management and motor control. Autonomous cars are also pushing the boundaries of semiconductor technology, requiring high-performance microprocessors, radar, LiDAR, and image sensors for accurate perception and reliable operation. However, security is a major concern in automotive semiconductors, with potential threats such as spoofing, evasion attacks, and poisoning attacks posing challenges to the industry. Automotive electronics include cable harnesses, network systems, analog ICs, power devices, and logic ICs. The passenger car segment includes sedans, hatchbacks, and vans, while gasoline powered engines continue to dominate the market. Telematics and infotainment systems, including cell phones and GPS receivers, are also driving the demand for semiconductors in the automotive industry. Environmental concerns and emission norms are also playing a role in the growth of the automotive semiconductor market, as semiconductors enable more efficient emission control devices and help reduce harmful exhaust emissions. The market is expected to continue growing as the automotive industry embraces the digital transformation and strives to meet the demands of consumers for safer, more connected, and more sustainable vehicles. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 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/ View original content to download multimedia: https://www.prnewswire.com/news-releases/automotive-semiconductor-market-to-grow-by-usd-31-29-billion-2024-2028-with-adas-adoption-report-on-ai-redefining-market-landscape---technavio-302315599.html SOURCE Technavio
SITE (Society for Incentive Travel Excellence) Nominates Creative Group Canada for Prestigious Crystal Award SCHAUMBURG, Ill. , Dec. 18, 2024 /PRNewswire/ -- Creative Group, Inc., a full-service meeting, event, and incentive agency, was recently nominated for a Crystal Award in the category of Most Creative Solution Deployed to Overcome Adversity when war broke out in Israel . THE STORY Janet Traphagen, President of Creative Group, said, "I am so proud of our internal associates and our client's collaboration – the way they quickly pivoted to a new solution during a time of crisis was nothing short of amazing." The client and the qualifiers were thrilled with the newly designed travel experience and the creative thinking involved in bringing this alternative solution to life in such a short timeframe. THE IMPACT About Creative Group Creative Group is a full-service meeting, event, and incentive agency that delivers business results by inspiring people to thrive. An industry leader, Creative Group has been honored with numerous Society for Incentive Travel Excellence (SITE) awards and the CMI 25 Award, which recognizes the top 25 most influential meeting and incentive management companies in the U.S. Creative Group was founded in 1970, and has served clients in financial services, life sciences, insurance, manufacturing, retail, technology, automotive, and hospitality. Employing 220+ people, the company is headquartered in Schaumburg, Illinois , and maintains offices in San Francisco , Appleton, Wisconsin , and Toronto, Canada . For more information about Creative Group, visit http://www.creativegroupinc.com About the SITE Crystal Awards Recognition Program: Considered the highest honor in the incentive travel industry, the SITE Crystal Awards recognize creative, practical and truly memorable incentive programs that not only keep employees engaged but also drive business results and improve the bottom line. View original content to download multimedia: https://www.prnewswire.com/news-releases/creative-group-nominated-for-site-2025-crystal-award-for-most-creative-solution-deployed-to-overcome-adversity-302335550.html SOURCE Creative Group, Inc.NUST's new rector assumes officeSustainability has become a central concern for businesses and industries worldwide in today’s globalized economy. As part of the broader transportation and logistics industry, ports play a crucial role in facilitating trade, promoting economic development, and managing the global flow of goods. However, with growing concerns over climate change, social equity, and the need for transparent governance, port operations have increasingly been pressured to adopt Environmental, Social and Governance (ESG) principles. ESG refers to three factors that guide an organization’s strategy and operations to minimize environmental impacts, promote social responsibility and ensure strong governance. The environmental aspect focuses on reducing environmental footprints, the social component emphasizes community engagement and workforce well-being, and governance relates to ethical leadership and transparency. For ports, integrating ESG principles is essential. Ports handle vast volumes of goods, consume significant energy, and impact local communities and ecosystems. Without a systematic approach to sustainability, ports risk reputational damage, failure to meet international standards, and loss of investor confidence. One compelling reason for Sabah Ports to adopt ESG is its potential to attract investment. Investors increasingly prioritize organizations with strong ESG performance. Beyond financial returns, they seek companies to address environmental risks, foster community relations, and ensure robust governance practices. A solid ESG framework can enhance Sabah Ports’ ability to secure funding for expansions or upgrades. Many institutional investors now require companies to meet ESG standards before providing financial support. Aligning with international standards such as the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), or the Task Force on Climate-related Financial Disclosures (TCFD) demonstrates a commitment to sustainability. Global capital markets favor green bonds and sustainable investment funds that support environmentally and socially beneficial projects. By adopting ESG-related KPIs such as reducing carbon emissions, improving energy efficiency, and managing waste, Sabah Ports can position itself as an attractive destination for sustainable investment. This, in turn, provides capital for infrastructure and technological advancements essential for growth and modernization. Beyond funding, ESG principles drive operational benefits and cost savings, enhancing competitiveness in the global market. The environmental aspect encourages reduced resource consumption, energy efficiency, and waste management, leading to cost reductions. Social factors, such as investing in workforce development and community relations, foster productivity and satisfaction. Strong governance practices focused on transparency and ethical decision-making mitigate operational risks and ensure regulatory compliance. For instance, investing in energy-efficient technologies like electric cranes, automated systems, or renewable energy sources can lower operational costs while reducing reliance on fossil fuels. Waste reduction and recycling programs minimize landfill use, lowering disposal costs and contributing to environmental sustainability. Singapore and Japan forge green and digital shipping corridor for maritime decarbonisation. Adopting ESG also futureproofs operations. As the world embraces sustainable practices, ports must anticipate global trends to ensure resilience. This involves investing in climate-resilient infrastructure, such as flood defenses, and preparing for future environmental challenges. By integrating ESG principles now, Sabah Ports can build an infrastructure capable of withstanding future shocks and remain competitive. Several global ports exemplify the benefits of ESG adoption. The Port of Rotterdam leads in green technologies, including shore power for vessels, carbon capture projects, and renewable energy initiatives. These efforts reduce emissions and attract substantial investment from stakeholders supporting green initiatives. Similarly, Singapore’s port excels in digitization and green shipping practices, utilizing automated cargo systems, electric cranes, and green corridors for low-carbon vessels. These innovations enhance efficiency and reduce the carbon footprint, strengthening its global competitiveness. The Port of Los Angeles has improved air quality through zero-emissions technology and green infrastructure projects, yielding cleaner air and better outcomes for its community. For Sabah Ports to measure ESG progress, it must establish Key Performance Indicators (KPIs) aligned with global standards and local realities. Relevant KPIs include: Carbon Emissions (Scope 1, 2, and 3): Assess direct, indirect, and supply chain emissions, prioritizing energy efficiency and renewable energy. (Detailed explanations of Scope 1, 2, and 3 will follow in my next article.) Energy Efficiency: Monitor energy consumption per ton of cargo handled and implement energy-saving measures. Shore Power Utilization: Track the percentage of ships using shore power while docked to reduce emissions. Waste Recycling Rate: Measure the percentage of waste recycled or repurposed to minimize environmental impact. Employee Safety and Satisfaction: Evaluate workplace safety incidents, training hours, and employee satisfaction. Community Investment: Allocate revenues to local projects, environmental education, and infrastructure development. As global trade continues to expand and environmental and social concerns grow, the importance of ESG in port operations cannot be overstated. For Sabah Ports, embracing ESG principles offers significant benefits that improved operational efficiency, the ability to attract sustainable investment, enhanced reputation, and long-term resilience against environmental and social risks. Sabah Ports has a unique opportunity to lead the way in sustainable port operations. By setting clear ESG goals, tracking progress with key performance indicators (KPIs), and learning from global best practices, the port can become a model for sustainable development. This commitment to sustainability will not only boost Sabah’s economy but also contribute to global efforts to combat climate change, promote social fairness, and uphold ethical standards in logistics. As the world increasingly prioritizes sustainability, Sabah Ports is well-positioned to align with global ESG trends, meet the evolving expectations of investors and stakeholders, and secure its future in a sustainable world. The Malaysian government has demonstrated strong support for ESG adoption, recognizing its importance for both businesses and the economy. Efforts are underway to create a favorable environment for ESG integration. However, challenges remain, including raising awareness and building capacity among SMEs, and developing a comprehensive ESG reporting framework to ensure transparency and accountability.