Connect with us

Technology

Connected Car Market: Advanced Tech Driving Valuation to USD 143.72 Billion by 2031 | SkyQuest Technology

Published

on

WESTFORD, Mass., July 22, 2024 /PRNewswire/ — According to SkyQuest, the global Connected Car Market size was valued at USD 34.56 Billion in 2022 and is poised to grow from USD 41.29 Billion in 2023 to USD 143.72 Billion by 2031, growing at a CAGR of 19.50% during the forecast period (2024-2031). 

Connected cars are witnessing momentum owing to the speedy adoption of improved technologies and growing sales of vehicles embedded with these technologies. Dynamic developments in vehicle technology and connectivity are changing the automotive market. Improved technologies like (ADAS) advanced driver assistance systems, artificial intelligence, and V2X infrastructure are considerably making independent driving functionality. In addition, improvements witnessed in telecommunication are also majorly driving the market growth, since they connect vehicles. Furthermore, IT equipment is making major contributions to deliver a wide range of services like telematics, entertainment, after-sales diagnostics and more.

Besides, rising number of government initiatives like fixing of communication devices in the new vehicles and support for autonomous driving are helping the market grow.

Download a detailed overview:

https://www.skyquestt.com/sample-request/connected-car-market

Connected Car Market Overview:

Report Coverage

Details

Market Revenue in 2023

USD 41.29 Billion

Estimated Value by 2031

USD 143.72 Billion

Growth Rate

Poised to grow at a CAGR of 19.50%

Forecast Period

2024–2031

Forecast Units

Value (USD Brillion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Service, Hardware, Form Type, End Market, Transponder, Network, Electric Vehicle Type, and Region

Geographies Covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Expanding Use of Technologies like AI and IoT in Connected Vehicles

Key Market Drivers

Growing Spending Power of Consumers in the Developing Economies

 Segments covered in Connected Car Market are as follows:

ServiceNavigation, Remote Diagnostics, Multimedia Streaming, Social-Media and Other Apps, OTA Updates, On Road Assistance, E-call And SOS Assistance, Cybersecurity, Remote Operation, Collision Warning, Auto Parking/ Connected Parking, Autopilot, Home Integration, Vehicle Management, Asset TrackingHardwareHead Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit, Telematic Control Unit, Keyless Entry Systems, and SensorsForm TypeEmbedded, Tethered, and IntegratedEnd MarketOriginal Equipment Manufacturer, and AftermarketTranspondero On Board Unit, and Roadside UnitNetworkDSRC, and CellularElectric Vehicle TypeBEV, PHEV, and FCEV

Request Free Customization of this report:

https://www.skyquestt.com/speak-with-analyst/connected-car-market

Growth of Cloud Services and Supporting Government Initiatives to Lead the Embedded Segment

Currently, the embedded segment is registering a majority share of the connected car market. The growth of cloud services, increasing government regulations, and cost upgrading of service plans are the key focus areas. The embedded systems are commonly seen in the United States, supported by consumer demand and improved infrastructure of superior technology. Integration of such embedded systems helps mature utilities including real-time diagnostics, OTA (over the air) updates, and ADAS.

The integrated segment is projected to be fastest growing since they offer better access of the internet and several other intelligent features. They deliver abundant features for sharing of data and are economic in nature.

5G Segment to Continue Dominating Due to Increased Adoption of Communication Networks to Reduce Road Accidents

Based on network, the 5G segment is projected to hold major share of the market since most telecommunication companies are actively focusing on launching improved 5G networks for enhanced communication between external devices and connected vehicles. Studies show that with unified 5G network, more than 60% of road mishaps can be avoided.

The satellite segment is projected to grow considerably over the coming years due to the rising adoption of Wi-Fi and cellular networks—these networks function only in places of mobile towers in the cities. In places of no connectivity, this may lead to road accidents damaging the occupants and the driver.  To avoid this scenario, satellite operators, OEMs, and mobile operators are focusing on introducing hybrid networks that will offer uninterrupted connectivity, thereby driving the market growth.

View report summary and Table of Contents (TOC):

https://www.skyquestt.com/report/connected-car-market

OEM Segment to Lead Due to Focus on Delivering Enhanced Connected Technology in New Vehicles

By End Use, the OEM segment is holding maximum share of the market since Original Equipment Manufacturers are increasingly offering improved connected vehicle technology in modern vehicles. This technology also delivers smooth connectivity, several advanced characteristics, and safety features, which assist the driver in better driving, thereby driving the demand. Vehicle makers are constantly engrossed in offering improved systems like infotainment, ADAS and more that make the vehicle stronger, high-quality, and support its prominence.  The implementation of these solutions, along with efforts by OEMs will propel the connected car market in the future.

The aftermarket segment is expected to be the leading segment since the installation of improved technologies is done after the car is purchased. Hence, consumers are highly demanding vehicles with in-built connectivity solutions. Also, consumers are speedily installing these systems in their existing old cars, thus driving the aftermarket segment. The growth of the aftermarket segment will largely impact the connected car market.

Streamlining Purchase Decisions for Consumers

With the development of hi-performing computing, modern cars will swiftly process more information from the sensors. Constant improvements in AI, sensor technologies, and deep learning will significantly drive the performance of the self-driving cars. In addition, implementation of IoT in infrastructure of public will offer enhanced situational awareness, thereby improving safety on roads. The market is further expected to improve technologies like sensor fusion and 5G, and these trends will unbelievably transform the market. Hence, vehicle makers should be updated with the emerging developments and identify fresh opportunities to gain strong foothold in the coming years.

Related Report:

Electric Vehicle (EV) Market

Electric Vehicle (EV) Charging Infrastructure Market

Smart Transportation Market

Lidar Market

Automotive Sensor Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific.

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo : https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg 

 

View original content:https://www.prnewswire.co.uk/news-releases/connected-car-market-advanced-tech-driving-valuation-to-usd-143-72-billion-by-2031–skyquest-technology-302202482.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

JAMS Launches AI for Enterprise Job Scheduling: JAX and JAMS MCP, on the Model You Choose

Published

on

By

A new AI agent and an open-standard connector let IT teams query, diagnose, and manage automation in plain language, on the model they choose, with operational data staying inside their own network

LONDON, July 24, 2026 /PRNewswire/ — JAMS Software, an orchestration solution for scheduled and event-driven automation, today announced the general availability of two AI capabilities for enterprise job scheduling: JAX, an AI agent built into the JAMS Web Client, and JAMS MCP, a connector built on the open Model Context Protocol standard that brings JAMS into external AI coding tools. Both capabilities ship at no additional cost as part of JAMS Web.

Automation environments grow faster than the teams that run them. Jobs multiply across SQL Server, Azure Data Factory, Airflow, SAP, JDE, and Banner, and when one fails, finding the root cause often means searching several consoles at once, frequently outside business hours. At the same time, IT leaders carry pressure to adopt AI while staying accountable for where operational data goes. JAX and JAMS MCP close both gaps together.

Full details on how JAX and JAMS MCP work, including the control model behind every action, are available at jamsscheduler.com/product/ai.

JAX is an AI agent that runs inside the JAMS Web Client. It finds jobs, troubleshoots failures, and answers how-to questions in plain language, with each response grounded in the JAMS user guide and checked against a built-in glossary. JAX acts only when a user asks it to. Reads flow freely, and every write action pauses for the user’s explicit approval before it runs. JAX does not learn between sessions, and conversations are not retained on the server.

JAMS MCP is a connector, built on the open Model Context Protocol standard, that brings JAMS into the AI tools engineering teams already use, including Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex. Users query jobs, investigate failures, and manage runs in plain language without leaving their tool.

Both capabilities run inside the customer’s own network and act as the signed-in user, with that user’s exact JAMS permissions. There is no elevated AI account: whatever a user cannot do in the JAMS interface, JAX and JAMS MCP cannot do on that user’s behalf. Every JAX and MCP operation is recorded in its own dedicated log, and changes made through the JAMS API land in the JAMS audit trail like any other change. Customers choose their own AI model, whether a commercial provider such as OpenAI or Anthropic or a model running entirely on their own hardware, and JAMS never trains on customer data. In the current release, neither feature edits or deletes a job, folder, schedule, or agent definition. For teams that must keep operational data within a defined boundary, JAX runs on a local model entirely inside the customer’s own network, so nothing leaves at all.

“Adopting AI usually means giving something up, most often visibility into where your data goes,” said Pete Hegland, Chief Executive Officer of JAMS Software. “We built JAX and JAMS MCP so that trade does not have to happen. Every action runs as the signed-in user, every change waits for approval, and the model itself can run entirely inside your own network.”

“IT teams across the United Kingdom and EMEA tell us the same thing: they want the benefit of AI without losing sight of where their data goes,” said Greg McLaughlin, Account Executive for EMEA at JAMS Software. “JAX and JAMS MCP let them keep operational data inside their own network and still get answers in plain language. That combination is what makes this practical for the teams I work with.”

JAX and JAMS MCP are available now to all JAMS Web customers across the United Kingdom and EMEA, with no separate licence, SKU, or additional cost. AI-assisted creation of new jobs and workflows from a plain-language description is on the roadmap for a future release, gated by the same approvals and permissions as every other action.

Learn how JAX and JAMS MCP work at https://jamsscheduler.com/product/ai.

Fast facts

JAX is an AI agent built into the JAMS Web Client for job scheduling and workflow automation.JAMS MCP is a connector built on the open Model Context Protocol standard, for Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex.Both act as the signed-in user, with that user’s exact JAMS permissions, and there is no elevated AI account.Customers choose the AI model, including a local model that runs entirely inside their own network.JAMS never trains on customer data.Both are available now at no additional cost as part of JAMS Web.

About JAMS Software

Founded in 1987, JAMS Software is an orchestration solution that helps IT teams centralize, automate, and manage scheduled and event-driven jobs across complex, hybrid environments. Over 850 customers rely on JAMS to run their automated workloads. JAMS Software, LLC is headquartered at 108 Patriot Drive, Suite A, Middletown, DE 19709.

Media Contact
Bobby Schmidt, Vice President of Marketing
press@jamssoftware.com
800.261.4267

 

 

Logo – https://mma.prnewswire.com/media/3007577/JAMS_logo.jpg
Photo – https://mma.prnewswire.com/media/3007578/jams_jax_ai_agent_job_scheduling_1.jpg
Photo – https://mma.prnewswire.com/media/3007579/jams_jax_mcp_ai_control_model.jpg
Photo – https://mma.prnewswire.com/media/3007580/jams_mcp_ai_connector_claude_cursor.jpg

View original content:https://www.prnewswire.co.uk/news-releases/jams-launches-ai-for-enterprise-job-scheduling-jax-and-jams-mcp-on-the-model-you-choose-302833908.html

Continue Reading

Technology

Video: CNPC offers green chemical answer

Published

on

By

BEIJING, July 24, 2026 /PRNewswire/ — A news report from chinadaily.com.cn:

Located on the edge of the Taklamakan Desert in Northwest China’s Xinjiang Uygur autonomous region, the Tarim 1.2 MTA Phase II Ethylene Project and its supporting green and low-carbon demonstration facility of PetroChina Dushanzi Petrochemical Company, a subsidiary of China National Petroleum Corporation, are offering a new example of China’s low-carbon industrial transformation.

Watch the video to discover how CNPC is exploring a cleaner and more circular future for the industry.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/video-cnpc-offers-green-chemical-answer-302834036.html

SOURCE chinadaily.com.cn

Continue Reading

Technology

Shanghai Electric showcases embodied intelligence robot matrix and AI-native smart factory solutions at WAIC 2026

Published

on

By

Featuring humanoid robots with 41 degrees of freedom, pipe‑inspection robots with ±1mm positioning accuracy, and 51 industrial‑grade AI agents

SHANGHAI, July 24, 2026 /PRNewswire/ — Operations in high-end equipment manufacturing often involve confined spaces, complex objects, and fine manipulation tasks that demand sustained and stable precision. At the recent 2026 World Artificial Intelligence Conference and High-Level Meeting on Global AI Governance (WAIC 2026), Shanghai Electric (SEHK: 02727, SSE: 601727) showcased its comprehensive portfolio of embodied intelligence solutions tailored to a range of industrial scenarios.

Themed “AI for All: Smart Squad, Shining Without Limits,” Shanghai Electric highlighted its capabilities across embodied AI robots, robot core components, and AI-native smart factory solutions, demonstrating end-to-end capabilities spanning complete robot systems, critical parts, industrial software, and smart factory architecture.

“The true value of embodied intelligence lies in understanding real industrial tasks: combining the strength, precision, and stability of machines with human experience and judgment to drive a genuine paradigm of ‘machine-assisted, human-machine collaboration,'” said Wang Chunlei, deputy general manager of the Robotics Business Unit at Shanghai Electric Automation Group.

Shanghai Electric’s robotics portfolio covers five key industrial scenarios: connector insertion, electrical operations, flexible sorting, intelligent assembly, and pipe processing. Highlights include:

“SUYUAN” bipedal humanoid robot: With 41 degrees of freedom for enhanced mobility, it is equipped with a multimodal visual sensing system on the head and torso, along with a dual-battery hot-swap system. It is well-suited for inspection, material handling, and assembly tasks.”TUOYUAN” industrial wheeled humanoid robot: Powered by an embodied intelligence foundation model and force-position hybrid control, it is capable of multi-spec connector insertion, material sorting, and loading/unloading of automotive sheet metal parts.”Mermaid” bionic wheeled humanoid robot: Capable of autonomously identifying buttons, knobs, and air switches, it generates real-time operation paths.Autonomous pipe inner-wall chamfering robot: Designed for confined spaces, it can position and process thousands of hole edges with accuracy within 1 millimeter while transmitting data in real time.

Shanghai Electric also showcased its portfolio of core components ranging from power-output to end effectors. Among them, the planetary roller screw offers more than three times the load capacity of traditional ball screws, while the DexHand dexterous hand is designed to meet diverse gripping and manipulation requirements.

Shanghai Electric launched 51 AI models and agents under its “StarCloud Intelligent Manufacturing” series across three domains: R&D and design, production and manufacturing, and operations and maintenance—covering critical equipment processes such as process optimization and wind power facility maintenance.

These industrial agents are embedded in robotic decision-making systems and the operational logic of AI-native smart factories, transforming industrial expertise into digitized, reusable capabilities. They support production-line scheduling, quality inspection, and predictive maintenance, driving the evolution of manufacturing systems from experience-driven to data-driven operations.

Shanghai Electric also released the “AI-Native Smart Factory Technology White Paper,” proposing an active evolution architecture that enables real‑time, closed‑loop optimization of production data, giving the factory self‑perception, self‑decision, and self‑execution capabilities. Built on First Principles, the AI‑native smart factory vertically integrates process flows, industrial software, agents, and smart equipment to dismantle traditional hierarchies while horizontally bridging data silos. The architecture features three core layers: the AI factory brain as the “control center,” industrial agents and embodied robots as the “execution network,” and the physical twin as the “digital mirror.”

Leveraging its deep industrial expertise and comprehensive solution capabilities, Shanghai Electric will continue to drive the implementation of AI in industrial settings, tackle technical challenges facing embodied intelligence in complex scenarios, accelerate the large‑scale deployment of AI‑native smart factories, and deliver replicable solutions across diverse manufacturing environments.

SOURCE Shanghai Electric

Continue Reading

Trending