While many industries are beginning to embrace augmented reality, it’s really starting to come into its own in the automotive space. According to the International Trade Administration, the automotive industry accounts for roughly 3 to 3.5 percent of the United States gross domestic product. The augmented reality automotive market is estimated to grow at a CAGR of 30.31% during the forecast period, to reach $7.98 Billion in 2025. The base year for the PWC report is 2018 and the forecast period is 2020–2025. The market for augmented reality automotive applications is primarily driven by the increase in adoption of advanced driving assistance systems by OEMs across
Tesla CEO Elon Musk was on display past weekend handing over the car keys to company’s long-awaited Model 3. At minimum, you will see 30 mid-priced electrical sedans on the roads in North America. With over 500,000 pre-orders, Tesla Model 3 is one of the most anticipated vehicles the auto industry have seen to date. Priced at $35,000-55,000, this is a drastic reduction compared to Musk’s Model S and X, which are often more than double the cost. “We finally have a great, affordable, electric car – that’s what this day means,” Musk said. “I’m really confident this will be the best car in this
In today’s edition of Top 10, we take a stroll the virtual information lane during May Day and see what’s interesting around the globe. Flying Cars, Electric Trucks and Human Face in VR. How Kuku Robots Create The New Tesla Model 3… http://www.nextpowerup.com/news/35523/leaked-images-reveal-tesla-model-3-production-robots/ “Tesla has received a large shipment of production robots that’ll play a major role in the assembly of its Model 3 electric vehicle. Leaked images from Tesla’s Fremont factory revealed the hundreds of Kuku robots the company has recently received and is now installing.” …who is getting ready to unveil the Electric Semi Truck? Yes, Tesla https://electrek.co/2017/04/28/tesla-semi-elon-musk-teaser-image-all-electric-truck/ “The CEO also confirmed that
In the late afternoon California time, or early morning Singapore time, Elon Musk, Chairman of the Board and CEO of Tesla Motors, Inc. posted what is his second Master Plan for Tesla. On August 2nd, 2006 Elon posted the first Tesla Master Plan, one we can say the company pretty much checked all the marks. Just a few days before the 10 anniversary, we’re treated to another plan. In this article, we’ll bring you the most interesting bits: Tesla is Becoming an Utility Company “Create a smoothly integrated and beautiful solar-roof-with-battery product that just works, empowering the individual as their own utility, and then scale that throughout the world.