Global Artificial Intelligence (AI) in Automotive and Transportation

Global Artificial Intelligence (AI) in Automotive and Transportation Market Research Report: Forecast (2021-2026)

By Application (Human-Machine Interface {Central Display, Instrument Cluster, Steering Mounted Control, Head-up Display}, Driver Monitoring {Physiological Measurement, Facial Movement and Eye Detectio Read more

  • ICT & Electronics
  • Mar 2022
  • 189
  • IT22008

Market Definition

Artificial Intelligence (AI) technology is displaying an increasing adoption & utilization across different verticals, where the automotive & transportation sectors are no exception. AI is majorly about language understanding, learning, problem-solving, reasoning, & others. As a result, it is augmenting developments across the automotive sector with numerous innovations.

Hence, many governments & automakers are actively investing & developing technology-driven vehicles facilitating users with better driving experiences, faster innovation cycles, improved workflow in fleet & transportation, etc.

Market Insights

The Global Artificial Intelligence (AI) in Automotive and Transportation Market is projected to grow at a CAGR of around 20% during the forecast period, i.e., 2021-26. It owes to the rapidly increasing adoption & utilization of advanced technologies like Artificial Intelligence (AI) in the automotive transportation sector to bring operational efficiency and safety of vehicles & drivers. 

Additionally, mounting promotion of automated & Electric Vehicles (EVs) integrated with Advanced Driver Assistance Systems (ADAS) by governments of different countries worldwide to ensure vehicle safety is also projected to drive the global market during the forecast period. Besides, technologies like Deep Learning are swiftly gaining momentum across the automotive sector to develop autonomous vehicles with capabilities to see, think, drive, & learn. 

Several prominent automakers are actively developing self-driven trucks equipped with these technologies for image processing, speech recognition, & data analysis, thereby contributing substantially to the overall market growth.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 20%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Others
Asia-Pacific: China, India, Japan, South Korea, Australia, Others
South America: Brazil, Argentina, Others
Middle East & Africa: UAE, Saudi Arabia, South Africa, Others
Key Companies Profiled Continental AG, Denso Corporation, Nvidia Corporation, Intel Corporation, Harman International, AI Motive, Argo AI, Siemens, Thales Group, CarVi, Valeo, Optalert, Orbcomm Inc., Visteon Corporation
Unit Denominations USD Million/Billion

 

Key Trends in the Global Artificial Intelligence (AI) in Automotive and Transportation Market

  • In March 2021, BMW launched its next-generation infotainment system, iDrive 8, specially designed to provide digital intelligence to drivers. These systems are powered by various technologies, such as machine learning, AI, natural language processing, etc.
  • In February, the same year, Volkswagen joined hands with Microsoft to develop an Automated Driving Platform (ADP) for the agile development of automated driver functions and deliver automated driving experiences to drivers even faster.
  • In June 2020, Mercedes-Benz & NVIDIA collaborated to build a revolutionary in-vehicle computing system with AI infrastructure.  

Impact of Covid-19 on the Global Artificial Intelligence (AI) in Automotive and Transportation Market

The Covid-19 pandemic in 2020 had a decelerating impact on most industries worldwide, where the entire automotive & transportation sector was disrupted and hampered the Artificial Intelligence (AI) in the Automotive and Transportation Market globally.

Governments of different countries worldwide imposed stringent restrictions & lockdown to curb the spread of this dreadful disease, which led the global market to face several unprecedented challenges like supply chain disruptions, reduced demand for automated vehicles, shut down of manufacturing units, shortage of labor & skilled professionals, etc.

However, with the gradual betterment in the pandemic situation & a reducing rate of Covid-19 cases, governments have allowed the recommencement of business operations since 2021. It is enabling automotive manufacturers & leading AI providers to revitalize their usual operations & recover from losses.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Artificial Intelligence (AI) Market for Automotive and Transportation Market
  5. Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Trends & Insights
  6. Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Hotspots & Opportunities
  8. Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Regulations & Policy
  9.  Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016- 2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
        1. Human-Machine Interface
          1. Central Display
          2. Instrument Cluster
          3. Steering Mounted Control
          4. Head-up Display
        2. Driver Monitoring
          1. Physiological Measurement
          2. Facial Movement and Eye Detection
        3. Driver/ Identity Authentication
          1. Finger
          2. Facial and Iris
          3. Voice
        4. Autonomous Driving Processing Chips
        5. Intelligent Traffic Management System
      2. By Vehicle Type
        1. Passenger Vehicles
        2. Light Commercial Vehicles
        3. Heavy Trucks
        4. Heavy Buses
      3. By Component
        1. Hardware
        2. Software
      4. By Level of Autonomy
        1. Level 1
        2. Level 2
        3. Level 3
        4. Level 4
        5. Level 5
      5. By Technology
        1. Machine Learning
        2. Natural Language Processing
        3. Context-Aware Computing
        4. Computer Vision
        5. Deep Learning
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      7. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  10. North America Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Component
      4. By Level of Autonomy
      5. By Technology
      6. By Country
        1. The US
        2. Canada
        3. Mexico
  11. South America Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Component
      4. By Level of Autonomy
      5. By Technology
      6. By Country
        1. Brazil
        2. Argentina
        3. Others
  12. Europe Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Level of Autonomy
      4. By Component
      5. By Technology
      6. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Others
  13. Middle East & Africa Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Level of Autonomy
      4. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
        4. Others
  14. Asia Pacific Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Application
      2. By Vehicle Type
      3. By Level of Autonomy
      4. By Component
      5. By Technology
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia
        6. Others
  15. Key Strategic Imperatives for Success and Growth
  16. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Continental AG
      2. Denso Corporation
      3. Nvidia Corporation
      4. Intel Corporation
      5. Harman International
      6. AI Motive
      7. Argo AI
      8. Siemens
      9. Thales Group
      10. CarVi
      11. Valeo
      12. Optalert
      13. Orbcomm Inc.
      14. Visteon Corporation
  17. Disclaimer
Global Artificial Intelligence (AI) in Automotive and Transportation Market Segmentation
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