Artificial Intelligence (AI) in Automotive Market By Component (Software, Hardware, and Service), By Technology (Context Awareness, Machine Learning, Computer Vision, Deep Learning, and Natural Language Processing (NLP)), By Process (Image Recognition, Signal Recognition and Data Mining), By Application (Autonomous Vehicles, Semi-Autonomous Vehicles, and Human–Machine Interface): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 02-Mar-2021 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-5680 Status : Published

The Artificial Intelligence (AI) in automotive market is set for a rapid growth over the forecast period. In terms of revenue, the global automated sortation system market accounted for USD 1,563.82 Million in 2019 and is expected to reach USD 10,247.00 Million by 2026, growing at a CAGR of 36.5% from 2020 to 2026.

Description

The Artificial Intelligence (AI) in automotive market is set for a rapid growth over the forecast period. In terms of revenue, the global automated sortation system market accounted for USD 1,563.82 Million in 2019 and is expected to reach USD 10,247.00 Million by 2026, growing at a CAGR of 36.5% from 2020 to 2026.

Global Artificial Intelligence (AI) in Automotive Market: Overview

Artificial Intelligence (AI) is one of the emerging technologies of computer science. Artificial intelligence is related with human intelligence through similar skills including reasoning, language understanding, problem solving, learning, and others.

Global Artificial Intelligence (AI) in Automotive Market: Growth Factors

The global artificial intelligence (AI) in automotive market expansion is due to the surging popularity and preference for self-driving vehicles as they provide better comfort and also assist in lessening the risk of an accident. Hence, the expansion of the automotive industry will also help the development of the global artificial intelligence (AI) in automotive market size.

As customers are increasingly adopting technologies that help the driver by ensuring road safety and alleviating driving strains on long trips, the need for self-driving automobiles will witness a drastic positive change in the near future.

Furthermore, the prominent industry names in the industry such as Intel, NVIDIA, and Microsoft are increasingly emphasizing on enhancing deep learning solutions that consume lesser power and are also energy-efficient to decrease fuel consumption. For instance, Bosch collaborated with NVIDIA for building an advanced AI self-driving vehicle computer. This advanced system has been designed for processing thirty trillion deep learning activities and operations in under a second by utilizing only 30 Watts of power. Such technological breakthroughs are certain to push the artificial intelligence (AI) in automotive market.

Global Artificial Intelligence (AI) In Automotive Market

Global Artificial Intelligence (AI) in Automotive Market: Segmentation

The global artificial intelligence (AI) in automotive market can be differentiated by component, by technology, by process, by application, and by region. On the basis of component, the market has been bifurcated into software, hardware, and service.

Based on technology, the global artificial intelligence (AI) in automotive market is segregated as context awareness, machine learning, computer vision, deep learning, and natural language processing (NLP). The deep learning segment of the global artificial intelligence (AI) in automotive market is poised to exhibit highest growth rates in the forecast timeframe owing to the wide-scale adoption and usage of deep learning services & solutions for training the neural network software to imitate the driving behavior of humans. It is possible to improve AI algorithms with the help of enhanced deep learning methods to enable protection throughout the journey. Furthermore, because these systems operate with the help of AI technologies, the risk of errors through the trip in lessened.

By process, the global AI market for automotive application has been classified as image/signal recognition and data mining. On the basis of application, the market can be categorized into fully autonomous vehicles, semi-autonomous vehicles and human-machine interface.

Global Artificial Intelligence (AI) in Automotive Market: Regional Analysis

The Europe artificial intelligence (AI) market for automotive market is poised for significant expansion over the forthcoming timeline. This is because the semi-autonomous vehicles category is expected to develop at a remarkable CAGR in the upcoming years due to the large-scale requirements for driver-assistance services and technologies for helping the driver reach his destination through traffic congestions. The prominent automotive companies in this region including BMW and Toyota are providing drive cruise control and semi autopilot with their recent automobile models.

North America is also likely to command a substantial industry share as semi-autonomous technology production has been initiated and is expected to gain impetus over the forecast period. Innovative solutions such as road condition awareness, lane tracking, and driver behavior monitoring have emerged with the application of AI technology in the semi-autonomous cars and other vehicles. Moreover, the favorable policies, plans, and initiatives undertaken by the government authorities in this region to implement semi-autonomous vehicle technology in the forthcoming years will affect the market growth in a positive manner.

Global Artificial Intelligence (AI) in Automotive Market: Competitive Players

The market participants dominating the global artificial intelligence (AI) in automotive market are increasingly aiming to strengthen their R&D capacities and building profitable associations with the other major organizations to speed up the development cycle of technology. New market entrants are targeting to raise funds by taking in investments and develop newer & more advanced products to increase their foothold in the global market for artificial intelligence (AI) in automotive market. For example, an autonomous automobile startup, ARGO AI raised capital and assets with the help of Volkswagen Group. This investment aided the establishment to extend its manpower and administer the autonomous technology enhancement division of the Volkswagen Group.

Some of the major names operating in the global artificial intelligence (AI) in automotive market comprise of Tesla, Inc., NVIDIA Corporation, Audi AG, Ford Motor Company, IBM Corporation, Alphabet Inc., Microsoft Corporation, Qualcomm Inc., Toyota Motor Corporation, Volvo Car Corporation, Didi Chuxing, BMW AG, Harman International Industries, Inc., General Motors Company, Intel Corporation, Honda Motor Co., Ltd., Xilinx Inc., and Uber Technologies, Inc.

The global artificial intelligence (AI) in automotive market is segmented as follows:

By Component

  • Software
  • Hardware
  • Service

By Technology

  • Context Awareness
  • Machine Learning
  • Computer Vision
  • Deep Learning
  • Natural Language Processing

By Process

  • Image Recognition
  • Signal Recognition
  • Data Mining

By Application

  • Autonomous Vehicles
  • Semi-Autonomous Vehicles
  • Human–Machine Interface

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.1.Report Scope
  • Chapter 2.Research Methodulogy
    • 2.1.Research Methodulogy
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Artificial Intelligence (AI) in Automotive Market, 2016 – 2026 (USD Million)
    • 3.2.Global Artificial Intelligence (AI) in Automotive Market: Snapshot
  • Chapter 4.Artificial Intelligence (AI) in Automotive Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Artificial Intelligence (AI) in Automotive
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technulogy Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Artificial Intelligence (AI) in Automotive Market Attractiveness, By Component
    • 5.2.Global Artificial Intelligence (AI) in Automotive Market Attractiveness, By Technulogy
    • 5.3.Global Artificial Intelligence (AI) in Automotive Market Attractiveness, By Process
    • 5.4.Global Artificial Intelligence (AI) in Automotive Market Attractiveness, By Application
    • 5.5.Global Artificial Intelligence (AI) in Automotive Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Artificial Intelligence (AI) in Automotive Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Artificial Intelligence (AI) in Automotive Market Overview: by Component
      • 7.1.1.Global Artificial Intelligence (AI) in Automotive Market Revenue Share, by Component, 2019 & 2026
    • 7.2.Global Artificial Intelligence (AI) in Automotive Market Analysis/Overview – By Component
      • 7.2.1.Software – Overview/Analysis
      • 7.2.2.Hardware – Overview/Analysis
      • 7.2.3.Service – Overview/Analysis
    • 7.3.Software
      • 7.3.1.Global Artificial Intelligence (AI) in Automotive Market for Software, Revenue (USD Million) 2016 - 2026
    • 7.4.Hardware
      • 7.4.1.Global Artificial Intelligence (AI) in Automotive Market for Hardware, Revenue (USD Million) 2016 - 2026
    • 7.5.Service
      • 7.5.1.Global Artificial Intelligence (AI) in Automotive Market for Service, Revenue (USD Million) 2016 - 2026
    • 8.1.Global Artificial Intelligence (AI) in Automotive Market Overview: by Technulogy
      • 8.1.1.Global Artificial Intelligence (AI) in Automotive Market Revenue Share, by Technulogy, 2019 & 2026
    • 8.2.Global Artificial Intelligence (AI) in Automotive Market Analysis/Overview – By Technulogy
      • 8.2.1.Context Awareness – Overview/Analysis
      • 8.2.2.Machine Learning – Overview/Analysis
      • 8.2.3.Computer Vision – Overview/Analysis
      • 8.2.4.Deep Learning – Overview/Analysis
      • 8.2.5.Natural Language Processing – Overview/Analysis
    • 8.3.Context Awareness
      • 8.3.1.Global Artificial Intelligence (AI) in Automotive Market for Context Awareness, Revenue (USD Million) 2016 - 2026
    • 8.4.Machine Learning
      • 8.4.1.Global Artificial Intelligence (AI) in Automotive Market for Machine Learning, Revenue (USD Million) 2016 - 2026
    • 8.5.Computer Vision
      • 8.5.1.Global Artificial Intelligence (AI) in Automotive Market for Computer Vision, Revenue (USD Million) 2016 - 2026
    • 8.6.Deep Learning
      • 8.6.1.Global Artificial Intelligence (AI) in Automotive Market for Deep Learning, Revenue (USD Million) 2016 - 2026
    • 8.7.Natural Language Processing
      • 8.7.1.Global Artificial Intelligence (AI) in Automotive Market for Natural Language Processing, Revenue (USD Million) 2016 - 2026
    • 9.1.Global Artificial Intelligence (AI) in Automotive Market Overview: by Process
      • 9.1.1.Global Artificial Intelligence (AI) in Automotive Market Revenue Share, by Process, 2019 & 2026
    • 9.2.Global Artificial Intelligence (AI) in Automotive Market Analysis/Overview – By Process
      • 9.2.1.Image Recognition – Overview/Analysis
      • 9.2.2.Signal Recognition – Overview/Analysis
      • 9.2.3.Data Mining – Overview/Analysis
    • 9.3.Image Recognition
      • 9.3.1.Global Artificial Intelligence (AI) in Automotive Market for Image Recognition, Revenue (USD Million) 2016 - 2026
    • 9.4.Signal Recognition
      • 9.4.1.Global Artificial Intelligence (AI) in Automotive Market for Signal Recognition, Revenue (USD Million) 2016 - 2026
    • 9.5.Data Mining
      • 9.5.1.Global Artificial Intelligence (AI) in Automotive Market for Data Mining, Revenue (USD Million) 2016 - 2026
    • 10.1.Global Artificial Intelligence (AI) in Automotive Market Overview: by Application
      • 10.1.1.Global Artificial Intelligence (AI) in Automotive Market Revenue Share, by Application, 2019 & 2026
    • 10.2.Global Artificial Intelligence (AI) in Automotive Market Analysis/Overview – By Application
      • 10.2.1.Autonomous Vehicles – Overview/Analysis
      • 10.2.2.Semi-Autonomous Vehicles – Overview/Analysis
      • 10.2.3.Human–Machine Interface – Overview/Analysis
    • 10.3.Autonomous Vehicles
      • 10.3.1.Global Artificial Intelligence (AI) in Automotive Market for Autonomous Vehicles, Revenue (USD Million) 2016 - 2026
    • 10.4.Semi-Autonomous Vehicles
      • 10.4.1.Global Artificial Intelligence (AI) in Automotive Market for Semi-Autonomous Vehicles, Revenue (USD Million) 2016 - 2026
    • 10.5.Human–Machine Interface
      • 10.5.1.Global Artificial Intelligence (AI) in Automotive Market for Human–Machine Interface, Revenue (USD Million) 2016 - 2026
  • Chapter 11.Artificial Intelligence (AI) in Automotive Market – Regional Analysis
    • 11.1.Global Artificial Intelligence (AI) in Automotive Market: Regional Overview
      • 11.1.1.Global Artificial Intelligence (AI) in Automotive Market Revenue Share, by Region, 2019 & 2026
      • 11.1.2.Global Artificial Intelligence (AI) in Automotive Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 11.2.North America
      • 11.2.1.North America Artificial Intelligence (AI) in Automotive Market Revenue, 2016 - 2026 (USD Million)
      • 11.2.2.North America Artificial Intelligence (AI) in Automotive Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.2.3.North America Artificial Intelligence (AI) in Automotive Market Revenue, by Component, 2016 – 2026
      • 11.2.4.North America Artificial Intelligence (AI) in Automotive Market Revenue, by Technulogy, 2016 – 2026
      • 11.2.5.North America Artificial Intelligence (AI) in Automotive Market Revenue, by Process, 2016 – 2026
      • 11.2.6.North America Artificial Intelligence (AI) in Automotive Market Revenue, by Application, 2016 – 2026
      • 11.2.7. U.S.
      • 11.2.8.Canada
    • 11.3.Europe
      • 11.3.1.Europe Artificial Intelligence (AI) in Automotive Market Revenue, 2016 - 2026 (USD Million)
      • 11.3.2.Europe Artificial Intelligence (AI) in Automotive Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.3.3.Europe Artificial Intelligence (AI) in Automotive Market Revenue, by Component, 2016 – 2026
      • 11.3.4.Europe Artificial Intelligence (AI) in Automotive Market Revenue, by Technulogy, 2016 – 2026
      • 11.3.5.Europe Artificial Intelligence (AI) in Automotive Market Revenue, by Process, 2016 – 2026
      • 11.3.6.Europe Artificial Intelligence (AI) in Automotive Market Revenue, by Application, 2016 – 2026
      • 11.3.7.Germany
      • 11.3.8.France
      • 11.3.9. U.K.
      • 11.3.10.Italy
      • 11.3.11.Spain
      • 11.3.12.Rest of Europe
    • 11.4.Asia Pacific
      • 11.4.1.Asia Pacific Artificial Intelligence (AI) in Automotive Market Revenue, 2016 - 2026 (USD Million)
      • 11.4.2.Asia Pacific Artificial Intelligence (AI) in Automotive Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.4.3.Asia Pacific Artificial Intelligence (AI) in Automotive Market Revenue, by Component, 2016 – 2026
      • 11.4.4.Asia Pacific Artificial Intelligence (AI) in Automotive Market Revenue, by Technulogy, 2016 – 2026
      • 11.4.5.Asia Pacific Artificial Intelligence (AI) in Automotive Market Revenue, by Process, 2016 – 2026
      • 11.4.6.Asia Pacific Artificial Intelligence (AI) in Automotive Market Revenue, by Application, 2016 – 2026
      • 11.4.7.China
      • 11.4.8.Japan
      • 11.4.9.India
      • 11.4.10.South Korea
      • 11.4.11.South-East Asia
      • 11.4.12.Rest of Asia Pacific
    • 11.5.Latin America
      • 11.5.1.Latin America Artificial Intelligence (AI) in Automotive Market Revenue, 2016 - 2026 (USD Million)
      • 11.5.2.Latin America Artificial Intelligence (AI) in Automotive Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.5.3.Latin America Artificial Intelligence (AI) in Automotive Market Revenue, by Component, 2016 – 2026
      • 11.5.4.Latin America Artificial Intelligence (AI) in Automotive Market Revenue, by Technulogy, 2016 – 2026
      • 11.5.5.Latin America Artificial Intelligence (AI) in Automotive Market Revenue, by Process, 2016 – 2026
      • 11.5.6.Latin America Artificial Intelligence (AI) in Automotive Market Revenue, by Application, 2016 – 2026
      • 11.5.7.Brazil
      • 11.5.8.Mexico
      • 11.5.9.Rest of Latin America
    • 11.6.The Middle-East and Africa
      • 11.6.1.The Middle-East and Africa Artificial Intelligence (AI) in Automotive Market Revenue, 2016 - 2026 (USD Million)
      • 11.6.2.The Middle-East and Africa Artificial Intelligence (AI) in Automotive Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.6.3.The Middle-East and Africa Artificial Intelligence (AI) in Automotive Market Revenue, by Component, 2016 – 2026
      • 11.6.4.The Middle-East and Africa Artificial Intelligence (AI) in Automotive Market Revenue, by Technulogy, 2016 – 2026
      • 11.6.5.The Middle-East and Africa Artificial Intelligence (AI) in Automotive Market Revenue, by Process, 2016 – 2026
      • 11.6.6.The Middle-East and Africa Artificial Intelligence (AI) in Automotive Market Revenue, by Application, 2016 – 2026
      • 11.6.7.GCC Countries
      • 11.6.8.South Africa
      • 11.6.9.Rest of Middle-East Africa
  • Chapter 12.Company Profiles
    • 12.1.Tesla, Inc.
      • 12.1.1.Company Overview
      • 12.1.2.Financial Overview
      • 12.1.3.Product Portfulio
      • 12.1.4.Business Strategy
      • 12.1.5.Recent Developments
    • 12.2.NVIDIA Corporation
    • 12.3.Audi AG
    • 12.4.Ford Motor Company
    • 12.5.IBM Corporation
    • 12.6.Alphabet Inc.
    • 12.7.Microsoft Corporation
    • 12.8.Qualcomm Inc.
    • 12.9.Toyota Motor Corporation
    • 12.1.Vulvo Car Corporation
    • 12.11.Didi Chuxing
    • 12.12.BMW AG
    • 12.13.Harman International Industries, Inc.
    • 12.14.General Motors Company
    • 12.15.Intel Corporation
    • 12.16.Honda Motor Co., Ltd.
    • 12.17.Xilinx Inc.
    • 12.18.Uber Technulogies, Inc.

Methodology


Frequently Asked Questions

The global artificial intelligence (AI) in automotive market was valued at USD 1563.82 Million in 2019.

The global artificial intelligence (AI) in automotive market is expected to reach USD 10,247.00 Million by 2026, growing at a CAGR of 36.5% between 2020 to 2026.

The global artificial intelligence (AI) in automotive market expansion is due to the surging popularity and preference for self-driving vehicles as they provide better comfort and also assist in lessening the risk of an accident. Hence, the expansion of the automotive industry will also help the development of the global artificial intelligence (AI) in automotive market size.

The Europe artificial intelligence (AI) market for automotive market is poised for significant expansion over the forthcoming timeline. This is because the semi-autonomous vehicles category is expected to develop at a remarkable CAGR in the upcoming years due to the large-scale requirements for driver-assistance services and technologies for helping the driver reach his destination through traffic congestions.

Some of the major companies operating in the global artificial intelligence (AI) in automotive market comprise of Tesla, Inc., NVIDIA Corporation, Audi AG, Ford Motor Company, IBM Corporation, Alphabet Inc., Microsoft Corporation, Qualcomm Inc., Toyota Motor Corporation, among others.

}
Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com