Welcome to our weekly news round-up. In today’s blog, we’ll cover some of the latest goings-on in key markets, using related reports to give context to company deals and daily news. We’ll examine current and future trends and identify opportunities we think all market participants should be aware of.
Here are today’s stories:
BOEING BACK ELECTRIC-HYBRID AIRCRAFT STARTUP
Zunum Aero, a Seattle-based startup backed by Boeing and JetBlue Airways, plans to deliver a small hybrid-electric plane by 2022. The plane will seat up to 12 passengers and be powered by two electric motors.
The company said the aircraft can dramatically reduce the travel time and cost of trips under 1,000 miles (1,600 km). Co-founder Matt Knapp said the planes are being are designed to fly with one pilot and to eventually be remotely piloted. He said a larger 50-seater plane would follow at the end of the next decade
"By the time this aircraft is in the air in early 2020 everyone will have ridden in an electric car or ridden in an electric bus," said Ashish Kumar, CEO of Zunum Aero.
Market Insights: The manned electric aircraft market will be a $6 billion business by 2027, according to a new report from IDTechEx. This report includes 2017-2027 forecasts of low and high priced electric aircraft sales by number, unit price and market value and a view of figures up to 2031, including assessments by several leading players.
DIALOG SEMICONDUCTOR TO ACQUIRE SILEGO TECHNOLOGY
Dialog Semiconductor announced Thursday that it has signed an agreement to acquire California-based Silego Technology Inc for up to $306 million. This is part of a larger effort to strengthen its position in the growing Internet of Things (IoT) market.
Silego is a leading producer of configurable power, logic, and timing mixed signal IC products, referred to as CMICs (Configurable Mixed-signal IC Products).
"What Silego has developed is truly unique – a mixed-signal platform which customers can configure to their design requirements on the fly, drastically reducing the time to bring their products to market,” said Dialog chief executive Jalal Bagherli.
“We believe Dialog will be a great environment for the Silego team to grow as part of a much larger company serving global customers,” stated John Teegen, CEO of Silego Technology. “Our proprietary and configurable approach has allowed Silego to establish leadership while creating a new market. By leveraging Dialog’s technology and capabilities, I am confident we can further drive adoption of CMICs.”
Market Insights: The global IoT chip market was valued at $6.3 billion in 2016 and is estimated to reach $13.5 billion by 2022. This technology is being used in thermostats, lighting, remote access, wearable devices, automobile and medical diagnosis.
GENERAL MOTORS DOUBLES ITS SELF-DRIVING FLEET
General Motors' self-driving unit, Cruise Automation, has doubled the size of its test fleet of self-driving vehicles in California over the past three months. The unit has increased the number of vehicles registered for testing to 100 from 30.
But it’s not all good news for the company. They also reported more incidents between its robot cars and human-operated vehicles and bicycles, telling the California regulators its vehicle were involved in thirteen crashes in 2017. However, most of the incidents involved drivers of the other vehicles crashing into the GM cars.
Market Insights: The global autonomous vehicles market revenue is expected to grow at a CAGR of 39.6% during the forecast period 2017-2027 reaching $126.8 billion by 2027. Increased investments by automakers, the changing needs and behaviour of customers, and the environment-friendly features of autonomous vehicles are expected to drive market growth.
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