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Automotive Technologies Market to grow by USD 263.5 Billion (2025-2029), driven by rising adoption of ADAS features in vehicles, AI redefining market landscape – Technavio

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NEW YORK, Jan. 28, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global automotive technologies market size is estimated to grow by USD 263.5 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  13.2%  during the forecast period. Rising adoption of 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 in automotive sector  poses a challenge.  Key market players include Advanced Micro Devices Inc., Airbiquity Inc., BlackBerry Ltd., Continental AG, HELLA GmbH and Co. KGaA, Hitachi Ltd., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, SONA BLW Precision Forgings Ltd., thyssenkrupp AG, Visteon Corp., Wipro Ltd., and ZF Friedrichshafen AG.

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Automotive Technologies Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 13.2%

Market growth 2025-2029

USD 263.5 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.4

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 51%

Key countries

China, US, South Korea, Germany, and Japan

Key companies profiled

Advanced Micro Devices Inc., Airbiquity Inc., BlackBerry Ltd., Continental AG, HELLA GmbH and Co. KGaA, Hitachi Ltd., Infineon Technologies AG, Intel Corp., Microchip Technology Inc., Microsoft Corp., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., Renesas Electronics Corp., Robert Bosch GmbH, SONA BLW Precision Forgings Ltd., thyssenkrupp AG, Visteon Corp., Wipro Ltd., and ZF Friedrichshafen AG

Market Driver

The automotive technologies market is experiencing significant growth with trends like luxury vehicles, autonomous vehicles, and semi-autonomous vehicles leading the way. Technology providers are integrating mobile phone features, remote diagnostics, and advanced head-up displays into vehicles. Vehicle intelligence systems, night vision, and electronic systems are becoming standard features for vehicle owners. Automotive software development is utilizing machine learning, robotics, computer vision, and deep learning to enhance in-vehicle infotainment (IVI) and improve driving safety. Connected cars, electric vehicles, and driverless cars are revolutionizing the industry with 5G connectivity, augmented reality (AR), and virtual reality (VR). Sensors, ADAS, and telematics systems are crucial components for connected vehicles, enabling real-time monitoring, fault detection, and failure prediction. Autonomous driving features like voice commands, artificial intelligence (AI), natural language processing, and cybersecurity threats are also gaining popularity. The automotive aftermarket is embracing 3D printing automotive, sensor fusion, foresight technology, and cloud services to enhance vehicle reliability and reduce downtime. 

Autonomous vehicles, also referred to as self-driving cars, utilize advanced technologies such as computers, the internet, and smartphones to read and sense the environment, enabling minimal or no human intervention during operation. Rapid advancements in sensor-processing technologies, high-definition mapping, and adaptive algorithms, along with infrastructure-to-vehicle and vehicle-to-vehicle communication, are fueling the expansion of production capacities for several companies. This integration of automation and connectivity is expected to decrease vehicle operating costs, enhance travel convenience and comfort, and encourage longer commutes. 

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Market Challenges

The automotive technologies market is experiencing significant growth with luxury vehicles, autonomous vehicles, and semi-autonomous vehicles leading the way. Technology providers are focusing on developing advanced head-up displays, vehicle intelligence systems, night vision, electronic systems, and more. Mobile phone features, such as voice commands and mobile apps, are becoming essential in-vehicle infotainment (IVI) systems. The automotive aftermarket is embracing remote diagnostics, 3D printing automotive, and advanced sensors for vehicle maintenance. Machine learning, robotics, computer vision, and deep learning are revolutionizing automotive software development. Autonomous driving, car sharing, and connected cars are the future, with 5G connectivity and augmented reality (AR) enhancing the driving experience. However, challenges remain, including cybersecurity threats, vehicle downtime, and accidents prevention. Telematics systems, sensor fusion, and foresight technology are crucial for driving safety. Vehicle owners demand reliable and efficient vehicles, and technology providers must focus on fault detection, failure prediction, anomaly identification, and early warnings to meet their needs. The future of the automotive technologies market lies in the integration of artificial intelligence (AI), machine learning (ML), advanced driver-assistance systems (ADAS), and self-driving cars. Smart sensors, connected homes, cloud services, and EVs are also transforming the industry. The key to success is staying ahead of the curve and addressing the needs of vehicle owners while ensuring safety and reliability.In the automotive industry, the absence of uniform production standards poses significant challenges. Numerous regulations impact both new and existing automotive technologies, affecting engineers and designers’ creativity. These regulations prioritize driver and passenger safety, as well as reducing thefts and minimizing environmental impact. Each country or region sets its own regulations, requiring car manufacturers to adapt their production processes to distribute products globally. This results in financial losses due to the need to establish different assembly units to comply with varying protocols.

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Segment Overview 

This automotive technologies market report extensively covers market segmentation by  

End-user 1.1 Passenger cars1.2 Commercial vehiclesComponent 2.1 Hardware2.2 Software2.3 ServicesGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Passenger cars-  The passenger cars segment is the largest in the automotive industry, with 61.6 million units manufactured worldwide in 2022, according to OICA data. Driven by emission, fuel efficiency, and safety regulations, as well as cost reduction pressures, technological advancements continue to shape this sector. APAC dominates global passenger car sales and production, with key countries like India, China, and Indonesia leading the way. This growth in passenger vehicle production and sales is fueling the demand for automotive technologies, contributing to market expansion during the forecast period.

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Research Analysis

The automotive technologies market is experiencing rapid growth as luxury vehicle manufacturers and technology providers integrate advanced features to enhance the driving experience. Autonomous and semi-autonomous vehicles are leading the charge, utilizing machine learning, robotics, computer vision, and deep learning to navigate roads and respond to various conditions. Mobile phone features are also being integrated into vehicles through connected car technology, allowing for seamless communication and entertainment. The automotive aftermarket is adapting to these advancements, offering software development services to help vehicle owners customize and optimize their vehicles’ technology. Automotive technology trends include foresight technology, sensor fusion, and cybersecurity measures to protect against increasing threats. Overall, the future of the automotive industry is one of innovation and integration, with artificial intelligence and machine learning playing a significant role.

Market Research Overview

The automotive technologies market is experiencing rapid growth as luxury vehicles integrate advanced features to enhance the driving experience. Autonomous and semi-autonomous vehicles are leading the charge, utilizing technology providers’ offerings in mobile phone features, automotive aftermarket solutions, remote diagnostics, and more. These vehicles incorporate machine learning, robotics, computer vision, and deep learning for vehicle intelligence systems, night vision, and electronic systems. Vehicle owners benefit from automotive software development, mobile technology, and mobile apps for interconnectivity, autonomous driving, car sharing, voice commands, and artificial intelligence. Connected cars, electric vehicles, and driverless cars are revolutionizing transportation with 5G connectivity, augmented reality, and virtual reality. Sensor technology, including smart sensors, plays a crucial role in vehicle operation, driving safety, and accident prevention. Telematics systems, sensor fusion, and foresight technology enable vehicle downtime reduction, fault detection, failure prediction, anomaly identification, and early warnings. However, with these advancements come cybersecurity threats, requiring monitoring systems and cloud services to ensure vehicle reliability and security.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userPassenger CarsCommercial VehiclesComponentHardwareSoftwareServicesGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

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/

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SOURCE Technavio

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Bill Faust Named Consulting Magazine Top Consultant of the Year in Industry Specialization

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Impact Advisors Leader Recognized for Expertise in Healthcare IT Implementation

CHICAGO, April 22, 2026 /PRNewswire-PRWeb/ — Impact Advisors, a leading healthcare management consulting firm, is proud to announce that Bill Faust, Managing Director, has been named a Top Consultant of the Year by Consulting Magazine in the category of Industry Specialization. This prestigious award honors consultants who demonstrate deep domain expertise and deliver exceptional value to clients within their field.

“Bill’s recognition as a Top Consultant of the Year is a testament to his deep industry expertise and unwavering commitment to client success.” -Andy Smith, managing partner and co-founder of Impact Advisors

Faust brings more than 28 years of healthcare IT experience, with a distinguished track record leading large-scale, complex implementations for both ambulatory and acute care organizations. Over the past 25 years, he has held progressive leadership roles supporting major Epic and Oracle initiatives, helping healthcare systems successfully navigate digital transformation and achieve measurable outcomes.

In his role at Impact Advisors, Faust leads the firm’s EHR Implementation & Support practice, where he is responsible for driving strategy, delivery excellence, and client success across some of the most complex healthcare IT programs in the country. His ability to combine deep technical knowledge with strong executive communication has enabled him to build trusted relationships with clients and vendor partners alike.

“Bill’s recognition as a Top Consultant of the Year is a testament to his deep industry expertise and unwavering commitment to client success,” said Andy Smith, managing partner and co-founder of Impact Advisors. “He consistently delivers high-impact results for our clients while helping advance the healthcare industry through his thoughtful, strategic leadership. Bill joined our team as our ninth colleague, and we’re fortunate to have had his guidance for all these years.”

Consulting Magazine’s Top Consultants awards recognize outstanding professionals who have made significant contributions to the consulting profession and their clients. The Industry Specialization category specifically highlights consultants who have demonstrated exceptional depth of knowledge and impact within a defined sector.

Faust’s recognition underscores Impact Advisors’ continued leadership in healthcare consulting and its commitment to delivering innovative, high-quality solutions that improve patient care and operational performance.

About Impact Advisors

Impact Advisors is a leading healthcare management consulting firm offering a comprehensive suite of technology-enabled performance improvement solutions that deliver measurable and sustainable value for clients. Our commitment to excellence has earned Best in KLAS® recognition for 19 consecutive years, and our distinctive culture has been named a “Best Place to Work” by Modern Healthcare for 16 years. Learn more at www.impact-advisors.com.

Media Contact

Catherine Povalitis, Impact Advisors, 1 815-282-9976, cpovalitis@chartwellagency.com, https://www.impact-advisors.com/

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SOURCE Impact Advisors

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Hewlett Foundation President: Philanthropy Must Bridge AI Governance Gap Between Washington and Silicon Valley

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Amber D. Miller makes the case for philanthropy and civil society to protect critical infrastructure and deliver broad benefits.

SAN FRANCISCO, April 22, 2026 /PRNewswire/ — As conversations between Washington and Silicon Valley about AI policy grow more contentious, Hewlett Foundation President Amber D. Miller calls on philanthropy to step up. In a new op-ed published by RealClearPolicy, Miller argues that governments and industry can’t close America’s AI governance gap alone, but independent institutions and philanthropy can help bridge the divide.

Drawing on her background as a physicist, Miller advocates for a practical, non-ideological approach to AI governance focused on protecting critical infrastructure, preventing strategic technological surprise, and keeping people safe while fostering innovation.

“Much of America’s critical infrastructure is highly distributed and deeply vulnerable, and its protection is dangerously under-resourced. The Hewlett Foundation wants to maximize the public benefits of emerging technologies while proactively mitigating their risks.”

To address these challenges, the Hewlett Foundation recently announced $10 million in exploratory grants to support the security of emerging technologies, including AI, biotechnology, and quantum computing.

Major grants were awarded to Stanford University’s Hoover Institution for its Tech Futures Lab, which focuses on anticipating technological surprises and enhancing U.S. resilience and Vanderbilt University’s Institute for National Security for its Wicked Problems Lab, which is building defenses against synthetic information warfare like deepfakes.

Former Secretary of State Condoleezza Rice, the director of the Hoover Institution, highlighted the importance of integrating security into innovation: “Innovation is key to national security…. Innovators will have more valuable, more marketable products if they build security into it at the front end.”

Other grantees include, the AI Now Institute, Aspen Institute, Atlantic Council, Carnegie Endowment for International Peace, Council on Foreign Relations, Georgetown University, Global Network Initiative, Institute for Security and Technology, Observer Research Foundation America, RAND, and Sentinel Bio.

Miller calls on others to join Hewlett, writing, “America has led every major technological era of the modern age, helping usher in significant discoveries that have benefited communities both here and around the world. Whether it continues to lead will depend not only on breakthroughs in labs, but on whether innovation earns public trust and delivers broad benefits. Philanthropy, with its long-term focus and commitment to charitable good, can do much to help.”

For more, read the op-ed and grant announcement: https://hewlett.org/americas-ai-governance-gap-needs-independent-oversight/ 

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SOURCE The Hewlett Foundation

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Hyperscale Data Sees Rising Demand Across Defense Portfolio Amid Heightened Global Activity

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LAS VEGAS, April 22, 2026 /PRNewswire/ — Hyperscale Data, Inc. (NYSE American: GPUS), an artificial intelligence (“AI”) data center company anchored by Bitcoin (“Hyperscale Data” or the “Company”), today announced that its wholly-owned subsidiary Gresham Worldwide, Inc., which is expected to be merged with another wholly owned subsidiary of the Company called Ballista Group, Inc., and the related party TurnOnGreen, Inc. (the “Defense Systems Group”), are actively supporting the expected increase in global defense production through its integrated portfolio of high-performance defense engineering and manufacturing subsidiaries.

The Defense Systems Group operates as an integrated engineering and manufacturing platform serving defense, aerospace, and industrial markets, delivering mission-critical electronics, radio frequency (“RF”) systems, power platforms, and advanced control technologies across the full lifecycle, from design through long-term sustainment. 

Recent global events, including but not limited to the ongoing conflicts in the Middle East and Ukraine, have contributed to increased demand signals across defense and mission-critical infrastructure supply chains. Management of the Defense Systems Group has observed a measurable uptick in inbound inquiries, program discussions and order flow across the group’s core product lines, particularly in:

RF and microwave systems supporting radar and electronic warfare;Power systems and ruggedized electronics for defense and mobility platforms; andTest, validation, and simulation technologies for mission-critical environments.

“These are environments where failure is not an option,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data. He added that “The Defense Systems Group was assembled to deliver precision-engineered solutions for exactly these mission-critical applications, and we are seeing that demand accelerate in real time.” Further, Mr. Ault stated that “The group’s combination of deep engineering expertise, advanced manufacturing capabilities, and a global operational footprint provides a strong foundation to support long-term growth across defense, aerospace, and other mission-critical technology sectors.

The Defense Systems Group platform supports highly regulated and security-sensitive programs, operating under certifications including ISO, AS9100, and ITAR compliance, and serves customers across defense, aerospace, and critical infrastructure sectors globally. 

“As geopolitical conditions evolve, supply chains for advanced electronics and defense-related technologies are becoming increasingly constrained,” stated William Horne, Chief Executive Officer of Hyperscale Data. “The Defense Systems Group collectively provides a vertically integrated platform supporting advanced defense electronics, power systems, RF and microwave components, and precision-engineered subsystems, positioning the organization to support current and emerging demand across multiple strategic defense programs.”

While the Company continues to monitor global developments, management of the Defense Systems Group believes that sustained demand for mission-critical electronics, ruggedized power systems, and secure infrastructure technologies could present potential opportunities across the Defense Systems Group.

For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

About Hyperscale Data, Inc.

Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

Hyperscale Data currently expects the divestiture of ACG (the “Divestiture”) to occur in the second quarter of 2027. Upon the occurrence of the Divestiture, the Company would be an owner and operator of data centers to support high-performance computing services, as well as a holder of the digital assets. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be shareholders of ACG upon the occurrence of the Divestiture.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at hyperscaledata.com.

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SOURCE Hyperscale Data Inc.

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