In-Depth Analysis of the Global Artificial Intelligence (AI) in Automotive and Transportation Market: 2024-2030 Forecasts
According to the latest findings by MarkNtel Advisors, The Global Artificial Intelligence (AI) in Automotive and Transportation Market size was valued at USD 12.18 billion in 2023 and is estimated to grow at a CAGR of around 20.22% during the forecast period, i.e., 2024-30. The report provides an in-depth analysis of crucial aspects such as market trends, size, forecasts, growth factors, challenges, and competitor assessments. Conducting a thorough examination of the Artificial Intelligence (AI) in Automotive and Transportation Market, the report offers insights into recent developments and presents an overview of the market landscape.
Artificial Intelligence (AI) in Automotive and Transportation Market Segmentation Analysis:
Our research report meticulously explores the Artificial Intelligence (AI) in Automotive and Transportation Market, breaking it down into these key segments: By Application (Human-Machine Interface {Central Display, Instrument Cluster, Steering Mounted Control, Head-up Display}, Driver Monitoring {Physiological Measurement, Facial Movement and Eye Detection}, Driver/ Identity Authentication {Finger, Facial and Iris, Voice}, Autonomous Driving Processing Chips, Intelligent Traffic Management System), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Trucks, Heavy Buses), By Component (Hardware, Software), By Level of Autonomy (Level 1, Level 2, Level 3, Level 4, Level 5), By Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Deep Learning). Each segment, along with its subdivisions, undergoes a detailed breakdown to offer a comprehensive understanding of the market dynamics.
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Geographical Coverage:
Our research report on the Artificial Intelligence (AI) in Automotive and Transportation Market offers comprehensive coverage across different regions, including North America, South America, Europe, The Middle East & Africa, Asia-Pacific. It provides detailed information on growth potential in each country and region, offering valuable insights for market stakeholders to strategically plan future operations and investments.
Global Artificial Intelligence (AI) in Automotive and Transportation Market Driver:
Mounting Inclination Toward Autonomous Vehicles Worldwide to Upscale the Global Industry – With the advent of AI in automobiles, the demand for autonomous vehicles is rising substantially, owing to features like self-driving, autopilot, and automatic parking, among others, to reduce human efforts while driving. The increasing inclination of major automakers toward creating autonomous cars & driving features and the surging number of tech companies & start-ups are forming the idea of self-driving vehicles for public transportation, ride-sharing, and personal requirements.
Prominent automakers like Tesla are the ideal example of autonomous vehicles with systems like keeping the vehicle within a lane while driving, self-parking, auto changing lanes whenever required, etc. Hence, these aspects are projected to be the major drivers for Global Artificial Intelligence (AI) in the Automotive and Transportation Market during 2024-30.
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Competitive Landscape of Artificial Intelligence (AI) in Automotive and Transportation Market
The Artificial Intelligence (AI) in Automotive and Transportation market witnesses’ fierce competition driven by the participation of both foreign and domestic companies. Considerable investments in Research and Development (R&D) have led to multiple innovations in the market. Companies with a global reach exert significant influence over the Artificial Intelligence (AI) in Automotive and Transportation market, and it is anticipated that several international players will expand their global presence in the coming years. To maintain competitiveness amidst rivals, vendors must prioritize the development of new technologies and strive to stay ahead of imminent breakthroughs. The report underscores key players in the market, namely:
- Continental AG
- Denso Corporation
- Nvidia Corporation
- Intel Corporation
- Harman International
- AI Motive
- Argo AI
- Siemens
- Thales Group
- CarVi
- Valeo
- Optalert
- Orbcomm Inc.
- Visteon Corporation
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Common Queries:
- What is the current trajectory of cost and profit estimations in the Artificial Intelligence (AI) in Automotive and Transportation Industry?
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- In what ways do import and export considerations impact the dynamics of the Artificial Intelligence (AI) in Automotive and Transportation Industry?
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