--> --> -->
Press Release Description

Global Artificial Intelligence (AI) in Automotive and Transportation Market Likely to grow at a CAGR of 20% during 2021-26

According to the MarkNtel Advisors’ research report, “Global Artificial Intelligence (AI) in Automotive and Transportation Market Analysis, 2021," the market is likely to grow at a CAGR of around 20% during 2021-26. The market growth attributes to the surging need for autonomous vehicles and the rising adoption of advanced technologies in the automotive industry.

Moreover, the burgeoning demand for superior driver convenience is another crucial factor fueling the market growth. Further, increasing demand for premium vehicles presents a lucrative opportunity to aid the market growth. However, high prices associated with AI-enabled vehicles and cybersecurity risks are the biggest challenges hindering the growth of the "Global Artificial Intelligence (AI) in Automotive and Transportation Market."

Key questions answered in the Study

  1. What are the current & future trends in the "Global Artificial Intelligence (AI) in Automotive & Transportation Market?"
  2. How has the industry been evolving in terms of geography and services adoption?
  3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
  4. What are the key growth drivers and challenges for the "Global Artificial Intelligence (AI) in Automotive and Transportation Market?"
  5. What is the customer orientation, purchase behavior, and expectations from the "Global Artificial Intelligence (AI) in Automotive and Transportation Market" service providers across various regions? 

Software Segment Dominated the Market 

Based on components, the market bifurcates into hardware and software. In 2019, the software segment held the largest share in the "Global Artificial Intelligence (AI) in Automotive and Transportation Market" due to the high information storage capacity, high computing power, and better processing capabilities of AI software. The software component consists of features like multiple hardware communication capabilities, linear algebra, and video analytics. Therefore, to understand and analyze visual content and gain meaningful insights from it, the demand for an artificial intelligence software solution is likely to boost the market growth.

"Global Artificial Intelligence (AI) in Automotive and Transportation Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and available opportunities for Artificial Intelligence (AI) in Automotive and Transportation providers across the globe. Moreover, the report also encompasses the key strategic imperatives for the competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Asia-Pacific Exhibits Fastest Growth

The Asia-pacific market is likely to register the fastest growth in the "Global Artificial Intelligence (AI) in Automotive and Transportation Market" during 2021-26 due to the rising adoption of automotive technologies in this region. Additionally, the soaring trend of integrating AI in the logistic industry is also providing the lucrative opportunity to boost the market growth. Also, Asia Pacific has the highest sales of trucks. Therefore, the region is likely to contribute to the "Global Artificial Intelligence (AI) in Automotive and Transportation Market" in the forecast period, says MarkNtel Advisors in their research report, "Global Artificial Intelligence (AI) in Automotive and Transportation Market Analysis, 2021."

According to MarkNtel Advisors, the key industry leaders in the "Global Artificial Intelligence (AI) in Automotive and Transportation Market" are Denso Corporation, Nvidia Corporation, Continental AG, Harman International, Intel Corporation, Argo AI, Siemens, AI Motive, Thales Group, CarVi, Visteon Corporation, Valeo, Optalert, and Orbcomm Inc.

Market Segmentation:

  1. 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)
  2. By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Trucks, Heavy Buses)
  3. By Component (Hardware, Software)
  4. By Level of Autonomy (Level 1, Level 2, Level 3, Level 4, Level 5)
  5. By Technology (Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, Deep Learning)
  6. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa)
  7. By Country (U.S, Canada, Brazil, Argentina, Mexico, Germany, France, The U.K, Spain, Italy, China, India, Japan, Australia, South Korea, UAE, Saudi Arabia, South Africa)
  8. By Competitors (Continental AG, Denso Corporation, Nvidia Corporation, Intel Corporation, Harman International, AI Motive, Argo AI, Siemens, Thales Group, CarVi, Valeo, Optalert, Orbcomm Inc., Visteon Corporation)

Need Assistance?
100% Safe & Secure
Strongest encryption on the website to make your purchase safe and secure