Artificial Intelligence (AI) in Automotive and Transportation Market Growth and Development Insight - Size, Share, Growth, and Industry Analysis

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The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Artificial Intelligence (AI) in Automotive and Transportation Market (2024-2030):

According to the latest report, the Artificial Intelligence (AI) in Automotive and Transportation Market is valued at USD 12.18 billion in 2023 and is estimated to grow at a CAGR of about 20.22% during the forecast period, i.e., 2024–30. The report demonstrates the prominent factors propelling the exponential growth of the Artificial Intelligence (AI) in Automotive and Transportation Market.

Key Takeaways: Beneficial for Stakeholders and Clients

  • Historic Period: 2019-2022
  • Base year: 2023
  • Forecast Years: 2024-2030
  • CAGR (2024-30): 20.22%
  • Market Size in 2023: USD 12.18 Billion

Download a sample PDF of this report to gain insights into the complete report structure : https://www.marknteladvisors.com/query/request-sample/global-artificial-intelligence-automotive-transportation-market.html

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

What are the major Driver the Artificial Intelligence (AI) in Automotive and Transportation industry?

Mounting Inclination Toward Autonomous Vehicles Worldwide to Upscale the Global Industry – With the advent of AI in automobiles, the demand for autonomous vehicles is rising substantially, owing to features like self-driving, autopilot, and automatic parking, among others, to reduce human efforts while driving. The increasing inclination of major automakers toward creating autonomous cars & driving features and the surging number of tech companies & start-ups are forming the idea of self-driving vehicles for public transportation, ride-sharing, and personal requirements.

Prominent automakers like Tesla are the ideal example of autonomous vehicles with systems like keeping the vehicle within a lane while driving, self-parking, auto changing lanes whenever required, etc. Hence, these aspects are projected to be the major drivers for Global Artificial Intelligence (AI) in the Automotive and Transportation Market during 2024-30.

Global Artificial Intelligence (AI) in Automotive and Transportation Market Segmentation

The Artificial Intelligence (AI) in Automotive and Transportation Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

  • 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
  • By Vehicle Type
    • Passenger Vehicles
    • Light Commercial Vehicles
    • Heavy Trucks
    • Heavy Buses
  • By Component
    • Hardware
    • Software
  • By Level of Autonomy
    • Level 1
    • Level 2
    • Level 3
    • Level 4
    • Level 5
  • By Technology
    • Machine Learning
    • Natural Language Processing
    • Context-Aware Computing
    • Computer Vision
    • Deep Learning
  • By Region
    • North America
    • South America
    • Europe
    • Middle East & Africa
    • Asia-Pacific

As per the regional aspect, the Artificial Intelligence (AI) in Automotive and Transportation Market is expected to be dominated by the North America by capturing the potential market share. 

Explore further details about this research report-

https://www.marknteladvisors.com/research-library/global-artificial-intelligence-automotive-transportation-market.html

Top Companies in the Global Artificial Intelligence (AI) in Automotive and Transportation Market

Continental AG, Denso Corporation, Nvidia Corporation, Intel Corporation, Harman International, AI Motive, Argo AI, Siemens, Thales Group, Car Vi, Valeo, Optalert, Orbcomm Inc., Visteon Corporation

Global Artificial Intelligence (AI) in Automotive and Transportation Industry Recent Development:

  • 2023: Continental AG collaborated with Ambarella Partner for perception solutions and full-stack systems for advanced driver assistance and highly automated driving.

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Why Markntel Advisor Report?

Well-known business Prospects: Our accurate analysis market research report serves as a treasure map for discovering potential markets and novel product avenues. Additionally, it facilitates comparisons of products and services.

Thoughtful Customer Insights: A market report provides the marketing department with an in-depth understanding of customer requirements and desires. This information is bound to enhance products, adjust pricing, and refine advertising strategies.

Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

Need personalized insights? Click here to customize this report-

https://www.marknteladvisors.com/query/request-customization/global-artificial-intelligence-automotive-transportation-market.html

For Further Queries:

MarkNtel Advisors

Call- +1 628 895 8081, +91 120 4278433

Email - sales@marknteladvisors.com

Corporate Office:  Office No.109, H-159, Sector 63, Noida, Uttar Pradesh - 201301, India

 

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