The average production cost of BEVs in 2027 is lower than that of ICE vehicles of the same class
Gartner believes that 2024 will mark a new stage for electric vehicles. Pedro Pacheco, research vice president at Gartner, said:

New OEM manufacturers hope to revolutionize the automotive industry and will simplify production costs through various innovative methods, such as centralized automotive architecture, large-scale one-piece die castings, etc., to reduce manufacturing costs and assembly time. Traditional automakers have no choice but to follow suit and adopt these innovations in order to survive.

Gartner predicts that by 2027, the average production cost of next-generation battery electric vehicles (BEVs) will be lower than comparable internal combustion engines (ICEs). Pacheco said:

BEV production costs will fall much faster than battery costs in the coming years as OEM manufacturers disrupt product design and production operations.

This means that BEVs will achieve cost parity with internal combustion engines much faster than initially expected, but at the same time it will also make some maintenance costs for BEVs significantly higher.

New technology makes electric car maintenance more expensive
Gartner predicts that by 2027, the average cost of repairing serious accidents involving electric vehicle body and batteries will increase by 30%. Therefore, the cost of repairing a vehicle involved in a collision may exceed its residual value, so it is more likely to be scrapped and destroyed.

Likewise, more expensive collision repairs can lead to more expensive insurance premiums or even cause an insurance company to deny coverage for a specific vehicle model.

Gartner said rapid reductions in electric vehicle production costs should not come at the expense of higher maintenance costs, as this could cause a consumer backlash in the long term. New methods of producing electric vehicles must be deployed alongside processes that ensure low maintenance costs.

Electric vehicle startups reshuffle
Gartner predicts that by 2027, 15% of electric vehicle companies founded in the past decade will have been acquired or gone bankrupt. “This doesn’t mean the electric vehicle industry is collapsing. It’s just entering a new phase where the companies with the best products and services will win over the others,” Pacheco said.

The post Gartner Estimates 2027 Pure Electric Vehicle Average Production Costs Lower Than Fuel-Class Vehicles appeared first on TechGoing.

The analyst firm claims that less than 5% of enterprises today use generative AI in production environments, and in just three years, the number of enterprises adopting or creating generative AI models is expected to grow 16 times.

▲Image source Gartner

Gartner Distinguished Vice President Analyst Arun Chandrasekaran believes that generative AI will become the “top priority” of enterprise management and will also trigger huge innovations in new tools beyond basic models. In the future, it will include “health care, life sciences, law, finance There is an increasing demand for generative AI in industries such as the “Services and Public Sector”.

▲Image source Gartner

Gartner believes that generative AI can improve the user experience and improve the processing speed of various tasks. As applications gradually add related functions, industry practitioners also need to master related application technologies.

Arun Chandrasekaran said, “The most common pattern in current generative AI is to ‘use text to generate something’. However, related applications still have certain shortcomings, such as ‘illusions and inaccuracies’. These two problems may limit the industry’s broad adopt relevant technologies.”

In addition, Gartner predicts that the basic model will enter the “peak stage” on the technology maturity curve (Note: The basic model is the machine learning model corresponding to generative AI, such as the relationship between GPT and ChatGPT). By 2027, The basic model will support 60% of natural language processing (NLP) use cases, a significant increase from “less than 5%” in 2021.

THIS IS A SPONSOR PROMOTION: >>>>>>>>>>>>>

Geekwills is an online shop that connects consumers with millions of products and brands around the world with the mission to empower them to live their best lives. Geekwills is committed to offering the most affordable quality products to enable consumers and sellers to fulfill their dreams in an inclusive environment.

The post Gartner: 80% of enterprises will adopt generative AI by 2026 appeared first on TechGoing.

Gartner reports that global PC shipments totaled 64.3 million units in the third quarter of 2023, a 9% decrease from the same period last year.

Gartner Chief Analyst Mikako Kitakawa has the following views: “There is evidence that the decline in the PC market has finally bottomed out. Although enterprise PC demand remains weak, seasonal demand in the education market boosted shipments in the third quarter. volume, offsetting some of the decline. Suppliers have also made continued progress in reducing PC inventory, and as long as holiday sales do not collapse, inventories are expected to return to normal by the end of 2023.”

Although Lenovo’s shipments fell again year-on-year, the decline slowed to single digits.

Meanwhile, HP was the only vendor to post year-over-year growth, with shipments increasing in all regions.

Dell reported its sixth consecutive quarter of declines in shipments, hurt by weak demand for enterprise PCs as it maintains a strong position in the market.

Apple’s shipments fell sharply from the same period last year, in part because its shipments increased significantly in Q3 2022 after supply disruptions caused by China’s blockade eased earlier in 2022. Q3 2023 was primarily driven by demand from students and educators, with shipments following seasonal trends.

Gartner expects the global PC market to grow 4.9% in 2024, with growth in both the business and consumer segments.

THIS IS A SPONSOR PROMOTION: >>>>>>>>>>>>>

Geekwills is an online shop that connects consumers with millions of products and brands around the world with the mission to empower them to live their best lives. Geekwills is committed to offering the most affordable quality products to enable consumers and sellers to fulfill their dreams in an inclusive environment.

The post Gartner predicts that the global PC market will begin to recover in 2023 Q4 appeared first on TechGoing.

Data show that the semiconductor market revenue in 2022 mainly because of memory and NAND flash sales decreased by 10.4%, but Samsung Electronics still maintain the first shipments. Intel held on to second place with a 9.7 percent market share. Intel’s revenue declined 19.5% due to a significant decline in the consumer PC market and intense competition in its core business of x86 processors.

Memory, which will account for about 25 percent of semiconductor sales in 2022, was the worst-performing device category, with a 10 percent decline in revenue. By mid-2022, the memory market was showing signs of a significant dive in demand as electronics device originators have begun to reduce memory inventories that were built up in anticipation of stronger demand. The situation has now deteriorated to the point where most memory companies have announced capital expenditure (capex) cuts for 2023, and some have cut wafer production in order to reduce inventory levels and try to rebalance the market.

Overall non-memory revenue grew 5.3% in 2022, but performance varied widely by device category. Analog devices led the way with a 19% increase, followed by discrete devices with a 15% increase. Strong demand from automotive and industrial end markets, underpinned by long-term growth trends in automotive electrification, industrial automation and energy transition, is in turn driving growth in analog and discrete devices.

The post Gartner: Total global semiconductor revenue of $601.7 billion in 2022 appeared first on TechGoing.

2022 Full Year Worldwide PC Vendor Estimated Shipments

Estimated worldwide PC vendor shipments in 4Q2022

Estimated U.S. PC vendor shipments in 4Q 2022

According to a report by Gartner, worldwide PC shipments totaled 65.3 million units in the fourth quarter of 2022, down 28.5 percent from the fourth quarter of 2021. PC shipments reached 286.2 million units in 2022, down 16.2 percent from 2021, the largest single-quarter decline since Gartner tracked the PC market in the mid-1990s.

Expectations of a global recession, rising inflation and higher interest rates have had a significant impact on PC demand,” Mikako Kitagawa, Gartner’s director analyst, said in a statement. Many consumers had already purchased relatively new PCs during the epidemic, causing consumer PC demand to fall to an all-time low.

He went on to add, “The enterprise PC market has also been impacted by the economic slowdown. Enterprise PC demand began to decline in the third quarter of 2022, but the market has now moved from weakness to deterioration. Corporate buyers are extending PC lifecycles and delaying purchases, which means the enterprise market may not return to growth until 2024.

The post Gartner reports 4Q 2022: Global PC shipments hit hard, down 28.5% year-over-year appeared first on TechGoing.

Gartner expects all segments to experience growth in 2023, with end-user spending on infrastructure as a service (IaaS) expected to see the largest growth of 29.8 percent in 2023.

Gartner expects that the segments most impacted by inflation will be Platform as a Service (PaaS) and Software as a Service (SaaS), given the staffing challenges and focus on protecting margins, but both segments will continue to grow. Gartner forecasts PaaS to grow 23.2% and SaaS to grow 16.8% in 2023.

The post Gartner: Global Public Cloud End-User Spending Expected to Reach Nearly $600 Billion by 2023 appeared first on TechGoing.