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Automotive Artificial Intelligence Market by Component (Hardware, Software, and Service), Technology (Machine Learning & Deep Learning, Computer Vision, and Natural Language Processing), and Application (Semi-Autonomous and Autonomous) - Global Opportunit
Automotive Artificial Intelligence Market
Automotive Artificial Intelligence Market by Component, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global automotive artificial intelligence market was valued at $445.8 million in 2017, and is projected to reach at $5,827.6 million by 2024, growing at a CAGR of 43.8% from 2018 to 2024.
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Artificial intelligence (AI) is one of the most progressive technologies in computer science. It is associated with human intelligence through similar characteristics such as language understanding, reasoning, learning, problem solving, and others. Manufacturers in the market witness enormous underlying intellectual challenges in the development and revision of the technology. In addition, the growth in automotive industry is expected to drive the automotive artificial intelligence market. Automotive industry has experienced the promise of artificial intelligence and is among the major industries using AI to augment and mimic the action of humans. Furthermore, emergence of standards such as advanced driver assistance system (ADAS), adaptive cruise control (ACC), blind spot alert, and growth in demand for convenience features attract automotive vendors towards AI.
The growth of the automotive artificial intelligence market is driven by rise in demand for autonomous vehicles and increase in preference for enhanced user experience and convenience features. However, the threat of hackers and rise in cybercrime is expected to restrain the market growth. On the contrary, rise in demand for the premium vehicle segment is anticipated to provide lucrative growth opportunities for the market.
NVIDIA Corporation, Waymo, Intel Corporation, IBM Corporation, Microsoft Corporation, Micron Technology, Otto Motors, BMW, Tesla Inc., and Toyota are some of the key players operating in the global automotive artificial intelligence market.
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The report segments the automotive artificial intelligence market based on component, technology, application, and region. Based on component, the market is divided into hardware, software, and service. Further, hardware is classified into processor, memory, and networks. Furthermore, processor is bifurcated into microprocessor and graphics processing unit. By technology the market is segmented into machine learning & deep learning, computer vision, and natural language processing. By application, it is fragmented into semi-autonomous and autonomous. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Rise in demand for enhanced user experience and convenience features, rising trend of autonomous vehicles, rising security and privacy concern, and increasing demand for premium vehicle segment are the significant factors that impact the growth of the Global Automotive Artificial Intelligence Market. These factors are anticipated to either drive or hamper the market growth.
Autonomous vehicles are gaining popularity globally due to various features such as automatic parking, self-driving, autopilot, and others, which minimizes human effort during driving. In addition, such autonomous vehicles are backed up by some of the biggest technologically sound companies such as Nvidia, Intel, and Tesla among others and hence the probability of failure is minimal. For instance, Teslas autopilot system which has features such as keeping the vehicle within a lane while driving, auto changing the lanes whenever required, self-parking, and others, is one of the most advanced system available in the market. Moreover, autonomous vehicles are anticipated to significantly bring down the requirement of human intervention and be of vital importance in the industries which are suffering from low man power for transportation purposes. This, in turn is expected to drive the growth of automotive AI market.
Autonomous vehicles have made life of consumers safe and convenient. However, there are certain threats that are faced by the manufacturers related to security and privacy concerns such as safety of personal data, cyber-attacks, and driver distractions. For instance, around 1.4 million Fiat Chryslers were recalled in the US due to a glitch in their dashboard computers that permitted hackers to disable the vehicle. Similarly, white hat hackers were successful in implanting malware into the system of a Tesla car. These instances of intruding customers privacy are some of the major restraints in the market growth.
LIST OF FIGURES
FIGURE 01. GLOBAL AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET, 2017-2024
FIGURE 02. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2017-2024
FIGURE 03. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET: TOP INVESTMENT POCKETS
FIGURE 04. MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 05. MODERATE BARGAINING POWER OF BUYERS
FIGURE 06. MODERATE THREAT OF NEW ENTRANTS
FIGURE 07. MODERATE -TO HIGH OF SUBSTITUTES
FIGURE 08. MODERATE-TO-HIGH COMPETITIVE RIVALRY
FIGURE 09. MARKET SHARE, 2017 (%)
FIGURE 10. GLOBAL AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET, BY COMPONET, 2017-2024
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET FOR HARDWARE, BY COUNTRY, 2017 & 2024 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET FOR SOFTWARE, BY COUNTRY, 2017 & 2024 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET FORSERVICES, BY COUNTRY, 2017 & 2024 (%)
FIGURE 14. GLOBAL AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2017-2024
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET FOR MACHINE LEARNING & DEEP LEARNING, BY COUNTRY, 2017 & 2024 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET FOR COMPUTER VISION, BY COUNTRY, 2017 & 2024 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET FOR NATURAL LANGUAGE PROCESSING, BY COUNTRY, 2017 & 2024 (%)
FIGURE 18. GLOBAL AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET, BY APPLICATION, 2017-2024
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET FOR SEMI-AUTONOMUS, BY COUNTRY, 2017 & 2024 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET FOR FULLY AUTONOMOUS, BY COUNTRY, 2017 & 2024 (%)
FIGURE 21. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2017-2024
FIGURE 22. NORTH AMERICA AUTOMOTIVE ARTIFICIAL INTELLIGENCEMARKET, BY COUNTRY, 2017-2024
FIGURE 23. US AUTOMOTIVE ARTIFICIAL INTELLIGENCEMARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 24. CANADA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 25. MEXICO AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2018-2024 ($MILLION)
FIGURE 26. EUROPE AUTOMOTIVE ARTIFICIAL INTELLIGENCEMARKET, BY COUNTRY, 2017-2024
FIGURE 27. UK AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 28. GERMANY AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 29. RUSSIA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2018-2024 ($MILLION)
FIGURE 30. FRANCE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 31. REST OF EUROPE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2018-2024 ($MILLION)
FIGURE 32. ASIA-PACIFIC AUTOMOTIVE ARTIFICIAL INTELLIGENCEMARKET, BY COUNTRY, 2017-2024
FIGURE 33. CHINA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 34. JAPAN AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 35. SOUTH KOREA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2018-2024 ($MILLION)
FIGURE 36. INDIA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 37. REST OF ASIA-PACIFIC AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2018-2024 ($MILLION)
FIGURE 38. LAMEA AUTOMOTIVE ARTIFICIAL INTELLIGENCEMARKET, BY COUNTRY, 2017-2024
FIGURE 39. LATIN AMERICA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 40. MIDDLE EAST AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2017-2024 ($MILLION)
FIGURE 41. AFRICA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, 2018-2024 ($MILLION)
FIGURE 42. NVIDIA: NET SALES, 2015-2017 ($MILLION)
FIGURE 43. NVIDIA: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 44. NVIDIA: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 45. ALPHABET INC.: NET SALES, 2015-2017 ($MILLION)
FIGURE 46. ALPHABET INC.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 47. ALPHABET INC.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 48. INTEL: NET SALES, 2015-2017 ($MILLION)
FIGURE 49. INTEL: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 50. INTEL: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 51. IBM: NET SALES, 2015-2017 ($MILLION)
FIGURE 52. IBM: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 53. IBM: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 54. MICROSOFT: NET SALES, 2015-2017 ($MILLION)
FIGURE 55. MICROSOFT: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 56. MICROSOFT: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 57. MICRON: NET SALES, 2015-2017 ($MILLION)
FIGURE 58. MICRON: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 59. MICRON: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 60. BMW: NET SALES, 2015-2017 ($MILLION)
FIGURE 61. BMW: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 62. BMW: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 63. TESLA, INC.: NET SALES, 2015-2017 ($MILLION)
FIGURE 64. TESLA, INC.: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 65. TESLA, INC.: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 66. TOYOTA MOTOR CORPORATION: NET SALES, 2015-2017 ($MILLION)
FIGURE 67. TOYOTA MOTOR CORPORATION: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 68. TOYOTA MOTOR CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
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