Global Autonomous Vehicle Sensor Market | Increased Need to Reduce Road Accidents to Boost the Market Growth

The global autonomous vehicle sensor market size is poised to grow by 45.3 million units during 2020-2024, progressing at a CAGR of over 37% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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Technavio has announced its latest market research report titled Global Autonomous Vehicle Sensors Market 2020-2024 (Graphic: Business Wire)

The rise in the urgency in curbing road accidents is one of the primary drivers for this market. Road traffic accidents are one of the leading causes of death. In an attempt to counter the rising number of road accident fatalities, several governments across the globe are promoting the adoption of LiDAR sensors in vehicles. LiDAR sensors form an essential component of autonomous cars. This continued enforcement by governments across the globe will curb accidents through the use of automated driving systems, which, in turn, will augment growth in the global autonomous vehicle sensors market during the forecast period.

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Report Highlights:

  • The major autonomous vehicle sensor market growth came from the radar sensors segment. Radar sensors hold the highest market share among all other types of autonomous vehicle sensors available in the market. Market growth in this segment will be slower than the growth of the market in the LiDAR sensors segment, but faster than the growth in image sensors and other sensors segments.

  • North America was the largest autonomous

Tesla Model X Range Increased?

While most of the attention on Tesla’s vehicle lineup today was on the Model S due to a $3,000 price cut, there may be an interesting development happening for the Model X as well. Tesla Motors Club forum member ColdWeatherEV recently took delivery of a brand new Model X and shared some details about the vehicle in a post on the forum.

“I just took delivery of a 2021 Model X, VIN 308XXX, and I was surprised to see that the EPA Monroney sticker lists the range at 371 miles,” writes the user. The Monroney sticker is a required label in the US for all new vehicles and contains official information about the car.

On Tesla’s website, the currently-listed EPA range for the Long Range Plus Model X is just 351 miles, 20 miles lower than the range listed on the Monroney sticker of this new delivery. While this is just one source, the user did share images of the Monroney sticker.

2021 MX

Tesla has a history of rolling out updates without announcement, so a longer range Model X is not outlandish. If 371 miles of range is accurate, it would represent a nearly 6% gain. Tesla’s online design studio will be closely watched over the coming days, especially as updates to the Model 3 trickle out.

For more on Tesla, including a rating upgrade by the S&P and the company’s entrance into India, please see the included video and be sure to follow Tesla Daily on The Street.

Disclosure: Rob Maurer is long TSLA stock and derivatives.

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Invoca Study Finds Increased Role of Website Experience and Customer Service in Big-Ticket Purchases During COVID-19

SANTA BARBARA, Calif., Oct. 12, 2020 /PRNewswire/ — There’s no denying that the COVID-19 pandemic has impacted our lives: it is changing the way we work, how we interact with family and friends, and the way we shop. A new report from Invoca, “High-Stakes Purchases and Consumer Confidence in the COVID Era,” highlights data from a survey of 500 U.S. adults to understand specifically how consumers are approaching expensive and complex purchases in this new environment. The data uncovers important findings for businesses aiming to give consumers confidence in making these complicated purchases online. 

Despite the economic downturn brought on by COVID, Invoca’s report finds people are still making high-stakes purchases, such as cars, insurance policies, wireless plans, and big-ticket home improvement items. However, they’re changing the way they research and buy these items, in many cases moving entirely online. For example, the survey found online purchases in automotive grew 115% since March and increased 85% in home services. That said, consumers have important concerns when shopping online: People are most concerned that they won’t be able to verify the product or service quality before purchasing (36%), that they’ll choose the wrong product or service (22%), that refunds will be complicated (21%) and that they won’t get the best deal (19%).

Given the level of cost and complexity these types of purchases require, the report uncovered how brands can help consumers feel more confident when it comes to making these purchases online.

  • Brands must create a smooth online experience with options to get live help: For consumers making complex purchases online, it’s just as important to provide them with an option to get live, expert sales assistance as it is to have a fully functional website across devices. 81% of consumers said that just having a

Microsoft CEO Wants Increased Focus on Internet Safety in Social Media

Microsoft Corp.


MSFT -0.81%

Chief Executive Satya Nadella said that internet safety should be a greater focus for social-media companies and that the software company would have applied some of its experience in that area to video-sharing app TikTok.

“What needs to happen is real reform in social media where internet safety is a top consideration,” Mr. Nadella said Tuesday at The Wall Street Journal’s CEO Council.

Microsoft during the summer made an unsuccessful bid to buy parts of TikTok and address what the U.S. said were national-security concerns about the app’s ties to China. The Redmond, Wash.-based company withdrew from the running after the Chinese government imposed export restrictions on the kind of software TikTok uses, leaving Microsoft’s cloud-computing rival

Oracle Corp.

in pole position to partner with the app.

Mr. Nadella said TikTok approached Microsoft because it required help dealing with the U.S. government’s concerns.

Consumer-advocacy groups this year filed a complaint against TikTok with U.S. regulators, accusing the social-media powerhouse of flouting a children’s privacy law and breaking a previous settlement agreement over allegations that it illegally collected personal data from users under 13. TikTok agreed to a $5.7 million settlement with federal regulators over claims that it illegally collected personal information from children.

Microsoft, Mr. Nadella said, has experience in dealing with these kind of content issues through its Xbox gaming platform of mostly young users and would have drawn on its experience there to work with TikTok. Although Microsoft is best known for business-focused software, Mr. Nadella said TikTok would have been a good fit because it also sells consumer devices, has a videogaming business and runs professional networking social-media site LinkedIn.

Mr. Nadella said that social-media players should do a better job at self-regulation and expect closer regulatory scrutiny now that governments are starting

Minecraft Dungeons Shows Off New DLC, Increased Difficulty, And Crossplay

Mojang has shown off some new additions to Minecraft Dungeons during Minecraft Live 2020, including a new paid DLC pack and 20 new free difficulty levels, as well as details on crossplay support. The Minecraft spin-off’s next DLC is called Howling Peaks, and it’ll introduce new snowy biomes and a major new boss to fight.

Howling Peaks will include the new Tempest Golem boss, which can blast adventures with harsh winds. Along with this boss, there will be new missions, items, and mobs introduced alongside these new environments. This is the third DLC for the game, following Jungle Awakens and Creeping Winter.

A new difficulty system is being introduced, too, with 20 new difficulty modes being added through the new Apocalypse Plus system. This will add 20 new difficulties beyond Apocalypse VII, which will allow for more powerful characters and significantly increased challenge. Alongside this, new enchantments and unique items will also be added.

Minecraft Dungeons Howling Peaks key art
Minecraft Dungeons Howling Peaks key art

First footage of cross-platform support between the PC, Xbox One, PS4, and Switch versions of the game was also shown during Minecraft Live. This functionality will be added in a free update in the future, which is just one part of the game’s content update calendar. Players will be able to experience crossplay by the time Howling Peaks is available, it seems. The Bedrock Edition of Minecraft already supports crossplay for the majority of systems. In fact, it was one of the first games to support the feature this generation.

Minecraft Dungeons is available on Xbox Game Pass for Xbox One and PC. Exact dates on the DLC and these updates have not been announced yet. Minecraft Live also brought news of a new Minecraft update centered around its caves.

The Minecraft spin-off scored a 7/10 in our Minecraft Dungeons