Press release
Growth Patterns, Market Segmentation, and Competitive Approaches Influencing the AI in Automotive and Transportation Market
AI In Automotive And Transportation Market
Projected Expansion of the AI in Automotive and Transportation Market
The AI in automotive and transportation market is poised for remarkable growth in the near future. By 2030, the market size is forecasted to reach $31.31 billion, growing at a compound annual growth rate (CAGR) of 16.6%. This surge is primarily driven by advancements such as the development of fully autonomous vehicles, the emergence of smart mobility ecosystems, real-time traffic optimization, seamless vehicle-to-everything (V2X) integration, and AI-powered personalization features. Key trends shaping this growth include the widespread adoption of autonomous driving algorithms, the enhancement of driver monitoring systems, the incorporation of AI chips in vehicles, expansion of intelligent traffic management solutions, and the increase in connected vehicle technologies.
Download a free sample of the ai in automotive and transportation market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=15504&type=smp
Top Corporations Leading Innovation in the AI in Automotive and Transportation Market
Several prominent companies play a crucial role in advancing AI applications within the automotive and transportation fields. Notable players include Alphabet Inc., Toyota Motor Corporation, Microsoft Corporation, Bayerische Motoren Werke AG, Robert Bosch GmbH, Tesla Inc., Siemens AG, Intel Corporation, International Business Machines Corporation (IBM), AUDI AG, Denso Corporation, Qualcomm Technologies Inc., Continental AG, Micron Technology Inc., Volvo Cars, NVIDIA Corporation, Valeo SA, Harman International, Scania AB, Argo AI LLC, CarVi Inc., Arbe Robotics Ltd., and Visteon Corporation.
A recent significant development occurred in January 2024 when Stellantis N.V., a Netherlands-based automotive manufacturer, acquired artificial intelligence and machine learning technologies along with intellectual property and patents from UK-based CloudMade. This strategic acquisition aims to strengthen Stellantis' software capabilities and accelerate the evolution of its STLA smart cockpit. Through this move, Stellantis intends to enhance its ability to deliver intelligent mobility solutions that seamlessly integrate drivers and vehicles digitally.
View the full ai in automotive and transportation market report:
https://www.thebusinessresearchcompany.com/report/ai-in-automotive-and-transportation-global-market-report
Emerging Trends Transforming the AI in Automotive and Transportation Market
Leading organizations are focusing on innovative products to secure a competitive advantage in the evolving AI automotive market. One such innovation is vehicle search tools, which are electronic devices or software designed to diagnose, reprogram, and interface with vehicle control systems within automotive and transportation sectors.
An example of this innovation is the launch of an AI-powered vehicle search tool by US-based automotive technology firm Rodo in February 2024. This advanced tool revolutionizes the vehicle search process by providing customers with highly accurate, personalized information on competitively priced vehicles online. The platform mimics the in-store experience of interacting with a salesperson by instantly answering specific customer queries, offering a faster and smarter way to discover vehicles.
Detailed Breakdown of Key Segments Fueling AI Market Growth in Automotive and Transportation
The AI in automotive and transportation market is classified into the following primary segments:
1) By Offering: Hardware and Software
2) By Technology: Machine Learning, Natural Language Processing, Computer Vision, Context-Aware Computing, and Other Technologies
3) By Application: Human Machine Interface, Driver Monitoring, Driver or Identity Authentication, and Intelligent Traffic Management Systems
Further subsegments include:
- Hardware: Sensors, Processing Units, and Connectivity Modules
- Software: AI-Based Algorithms, Autonomous Driving Software, Simulation Software, Data Analytics Software, Fleet Management and Optimization Software, and Cloud-Based AI Platforms
This comprehensive segmentation highlights the diverse technological landscape and the multifaceted applications of AI, which collectively contribute to the market's dynamic growth trajectory.
Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Growth Patterns, Market Segmentation, and Competitive Approaches Influencing the AI in Automotive and Transportation Market here
News-ID: 4381734 • Views: …
More Releases from The Business Research Company
Leading Companies Fueling Growth and Innovation in the Automotive Aftermarket Ma …
The automotive aftermarket sector is poised for notable expansion in the coming years, driven by technological advancements and evolving consumer demands. This market plays a crucial role in vehicle maintenance and customization, offering diverse products and services beyond the original equipment manufacturer's scope. Let's explore the current market size, key players, emerging trends, and segmentation to understand the future direction of this dynamic industry.
Expected Growth and Market Size of the…
In-depth Examination of Segments, Industry Trends, and Key Players in the Automo …
The automotive 4D imaging radar market is poised for remarkable expansion, driven by advancements in autonomous driving and smart vehicle technologies. As industry players innovate and invest in cutting-edge sensing solutions, this market is set to transform the future of mobility with safer and more efficient vehicles. Here is an in-depth look at the market's valuation, key players, prevailing trends, and important segments shaping its growth.
Projected Market Size and Growth…
Top Players and Market Competition in the Automated Recovery Vehicle Industry
The automated recovery vehicle sector is poised for considerable expansion in the coming years, driven by advancements in technology and increasing demand for efficient, safe recovery solutions. This evolving market is reflecting broader trends such as automation, electrification, and enhanced connectivity, which together are reshaping how recovery operations are carried out. Let's explore the current market dynamics, key players, emerging trends, and major segments shaping the future of this industry.
Projected…
Market Segmentation, Dynamics, and Competitive Landscape in the ASRS for Garment …
The automated storage and retrieval systems (ASRS) designed for garments on hangers are poised for significant expansion as the demand for efficiency and innovation in garment handling grows. This market is rapidly evolving, driven by technological advancements and changing retail dynamics, making it a critical area to watch in warehouse automation.
ASRS for Garments on Hangers Market Size and Forecast Through 2030
The market for ASRS tailored to garments on…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
