Tag: autonomous vehicle technology

semiconductor industry

4 Future Trends That Can Bring the Semiconductor Industry Back into the Spotlight

The semiconductor industry has been growing exponentially every year and offers a plethora of opportunities. But this year, the semiconductor industry is set to face a host of new challenges that will make it difficult for semiconductor manufacturers to grow at the same rate they have gotten used to over the past couple of years. Challenges pertaining to inventory management and the rising pressure to improve device architectures, reduce costs, and develop STEM skills in the workforce will inhibit the growth of companies to a certain degree. 

The inability of companies to keep up with the ongoing pace of IoT development is another factor that stops semiconductor manufacturing companies from growing in the industry. With the cloud economy becoming mainstream in the IoT era, semiconductor companies are facing the need to continuously innovate and drive connectivity across the IoT value chain. In such an era, they can gain more traction by offering comprehensive solutions beyond semiconductor solutions, which includes hardware design, and software and systems integration for applications and products.

At Infiniti, we understand the impact that innovative technologies and future trends can have on your business. And to help semiconductor manufacturBrochure CTAing companies excel in such a competitive landscape, our team of experts has highlighted the four most important future trends that can bring the semiconductor industry back into the spotlight.

Future Trends in the Semiconductor Industry

Future Trend #1: Artificial Intelligence

The rising demand for AI (artificial intelligence) based applications across various industries will create new growth opportunities for semiconductor manufacturing companies. AI will also bring improvements in the semiconductor market, by speeding up the manufacturing process, boosting the performance of the chip, reducing the cost of production, and increasing output. Furthermore, with the growing market for drone technology, 2019 may see the commercial rollout of AI-powered drones, globally. This is one of the future trends that can help the semiconductor industry boost its growth prospects.

Are changing market dynamics and growing demand keeping your business plans at a standstill? Request a free proposal below and access Request Proposalour full portfolio of market assessment solutions for the semiconductor industry. 

Future Trend #2: Autonomous vehicles

One of the significant future trends in the semiconductor industry is the onset of level-three autonomous vehicles on the road. The rapidly growing automotive market presents a huge opportunity for automotive semiconductors to support battery performance in EVs, enhanced sensors, increased connectivity, and other technologies.

Future Trend #3: Internet of Things (IoT)

The semiconductor industry is driving the growth of technologies like the Internet of Things (IoT). The IoT revolution has not only multiplied the demand for semiconductor chips but also shifted the value capture to software and solutions. To capitalize on this new market opportunity, the semiconductor industry needs to change application engineering, sales, marketing, and product development approaches and re-define monetization and go-to-market strategies. Such future trends can help semiconductor manufacturing companies to boost their profitability, marginally.

Future Trend #4: Digital supply networks

Today, digitalization is modifying supply chains in almost every industry. This modification is a shift from a linear, structured system to an interconnected, open, often cloud-based system that is able to combine information from many different sources. In order to improve the value of digitalization, there is a need for the semiconductor industry to take a look at emerging digital supply network technologies. This is one of the future trends that can help semiconductor manufacturing companies in solving traditional problems stemming from limited information transparency across the manufacturing and supply chain.

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supplement market

How are Autonomous Vehicles Going to Impact Public Transport?

Autonomous vehicles, a living example of driverless technology, will play a crucial role in shaping the future of public transport. These vehicles are expected to be completely available on the road by the beginning of 2020. Autonomous vehicles, with their arrival, will certainly impact the fundamental functioning of urban transportation systems along with public transport.

Basically, public transport agencies have two major goals:

  • Improve mobility across their respective areas 
  • Provide all their respective constituents with credible access to transportation

 

Over the past couple of years, public transport agencies have focused on these goals by running bus or train transport systems that are sufficiently subsidized by the federal and state government. While the public transport system is dealing with the traditional transportation services, the private sector has come up with new technology-based transportation options like Uber and Lyft that have completely redefined public transport. In the near future, there are many such private companies who are going to introduce autonomous vehicles to deal with on-demand and fixed route services.

Impact of autonomous vehicles on public transport

The rising popularity and use of autonomous vehicles will give rise to several intimidating questions such as:

1. Will autonomous vehicles make public transport systems obsolete?

2. What will happen to other mobility options when this driverless technology is broadly adopted?

3. Should public transport agencies reduce or stop their investments as autonomous vehicles subsume their demand?

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IT services industry

Driving Autonomous Vehicle Technology with Open Innovation

The automotive industry has undergone major transformations with the launch of new technologies and increasing investment in research and development activities. One of the emerging trends in the automotive industry is the autonomous vehicle technology, which is commonly known as autonomous or self-drivingIR_Brochure vehicles – one of the most disruptive innovations of this decade. Although autonomous vehicle technology seems futuristic, major automotive companies such as Tesla, Google, Toyota and Ford have been continuously testing ideas and directing efforts towards making driverless vehicles a reality. The autonomous vehicle technology exceeds the ability of human drivers in terms of safety and reliability.

Open Innovation in Automotive Industry – Yes or No?

Open innovation is a popular term that aims at solving tough challenges by soliciting breakthrough ideas from specialists with diverse backgrounds. The background diversity allows creative thinking and brings in different perspectives that offer a longer list of alternative options and possible solutions to the business challenges. Open innovation is essential in the automotive industry as it can help the major players like Fiat and BMW in their self-driving car development program in developing a technology blueprint.  The autonomous vehicle technology requires a high amount of investment in terms of money, resources, and time as well as complex problem-solving capabilities, and expertise. Open innovation allows other automobile and tech companies to pitch their ideas and ensure the success of the autonomous vehicle technology.

The automotive industry can bring down the costs and time-to-market by leveraging expertise from different fields. Major automotive companies have considered acquisition, mergers, or partnerships with their market counterparts to gain an in-depth understanding of the challenges with the help of market intelligence services and devise effective solutions. However, till today autonomous vehicle technology is a big challenge faced by the automotive industry players, which can maybe be solved with the help of open innovation.

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