Artificial Intelligence (AI) in Automotive and Transportation Market Dynamics – Driver, Challenge, Segment & Competition FY2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Artificial Intelligence (AI) in Automotive and Transportation 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. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.

Artificial Intelligence (AI) in Automotive and Transportation Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,

According to the latest report, Artificial Intelligence in Automotive & 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 significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.

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What is Included in Artificial Intelligence (AI) in Automotive and Transportation Market Segmentation?

The report has segmented the market into the following categories:

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

Machine Learning is anticipated to dominate the Artificial Intelligence in Automotive & Transportation Market with the largest share during the forecast period. It is attributed primarily to its features like image recognition & anomaly detection, used mainly to quickly detect & eliminate defective vehicle components before they begin creating issues in the vehicle manufacturing workflow.

By Region

- North America

- South America

- Europe

- Middle East & Africa

- Asia-Pacific

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Key Factor Driver Artificial Intelligence (AI) in Automotive and Transportation Industry Growth by 2030

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.

Who are the Key Players Operating in the Artificial Intelligence (AI) in Automotive and Transportation Industry?

The top companies of the Artificial Intelligence (AI) in Automotive and Transportation market ruling the industry are: 

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

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FAQs (Frequently Ask Questions)

1. What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
2. What are the trends influencing the current scenario of the Artificial Intelligence (AI) in Automotive and Transportation Market?
3. What are the key factors that would propel and hinder the industry?
4. Which geographical area dominates the Artificial Intelligence (AI) in Automotive and Transportation industry?
5. Which is the Leading segment in the market?

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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