Press Releases

The global artificial intelligence (AI) market for the automotive and transportation industry is expected to grow at a CAGR of 18.0% during the forecast period with its market size predicted to reach USD 47.1 billion by 2030. Emerging truck platooning, which is the technology of linking two or more trucks in a convoy, using any connectivity technology and automated driving support Offerings is projected to be one of the major opportunities for the market. Further, growing demand for premium segment vehicles will act as an opportunity for the global artificial intelligence market for the automotive and transportation industry in the near future.  

Global Artificial Intelligence (AI) Market for Automotive and Transportation Industry Segmentation and Key Players

Deep learning technology is attributed for the foremost share in the artificial intelligence market for automotive and transportation industry

Based on technology, the market is subdivided into machine learning, deep learning, computer vision, context awareness, and natural language processing. Among these, deep learning technology is attributed to the foremost share in the artificial intelligence market for automotive and transportation industries with major applications in the transportation management sector. However, data mining and machine learning are other two significant technologies growing rapidly and are expected to dominate the artificial intelligence market for the automotive and transportation industry in years to come.

Geography Insight

Geographically, North America, specifically the US is the largest artificial intelligence market for the automotive and transportation industry with technically advanced regions and early adopters of AI in numerous sectors. Besides, the implementation of some of the government regulations such as Hours of Service Solution (HOS) revisions Compliance, Safety, and Accountability (CSA) are expected to drive the artificial intelligence market for the automotive and transportation industry in the region.

Competitive Insight

Some of the key players operating in the artificial intelligence market for the automotive and transportation industry are Continental AG, Denso Corporation, Nvidia Corporation, Intel Corporation, Harman International, AI Motive, Argo AI, CarVi, Harman International, Valeo, Orbcomm Inc., and Affectiva.

Key Takeaway from the Report:

• Among all the offerings, the software and service segment together captured a higher market share in 2018.
  Of all the technology, deep learning technology is attributed to the foremost share in the artificial intelligence market for automotive and transportation industry.
• Among all the applications, HMI has grown considerably in the past 2-3 years and is implemented in several emerging technologies including voice and gesture recognition.
• Of all processes, data mining is expected to account for the largest market share in the current year and is expected to grow at the fastest rate with the adoption of autonomous and semi-autonomous vehicles.

The Report Offers:

• Historical market estimate for the years 2018–2023 and forecast for the years 2025–2030
• Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
• Market insights by in-depth segmentation with industry dynamics.
• Competitive analysis and benchmarking of the industry leaders and their product offerings
• Profiles of leading players and innovators, their financial overview, and product portfolio
• Analysis of key industry trends and recent developments
• Value chain analysis and distribution channel analysis with opportunity assessment
• Market share analysis of major players

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The report provides the market value for the base year 2023 and a yearly forecast till 2030 for revenue (USD Billion). The report segments the global artificial intelligence (AI) market for the automotive and transportation industry based on Offering, Technology, Application, Process, and region.

Global Artificial Intelligence (AI) Market for Automotive and Transportation Industry Coverage

Offering Insight and Forecast 2025-2030

• Hardware
• Software
• Services

Technology Insight and Forecast 2025-2030

• Machine Learning
• Deep Learning
• Computer Vision
• Context Awareness
• Natural Language Processing (NLP)

Application Insight and Forecast 2025-2030

• Autonomous Vehicle
• Semi-Autonomous Vehicle
• Human Machine Interface (HMI)

Process Insight and Forecast 2025-2030

• Data Mining
• Image Recognition
• Signal Recognition

Geographical Segmentation

Artificial Intelligence (AI) Market for Automotive and Transportation Industry by Region

North America

• By Offering
• By Technology
• By Application
• By Process
• By Country – U.S., Canada, and Mexico

Europe

• By Offering
• By Technology
• By Application
• By Process
• By Country – Germany, U.K., France, Spain, and Rest of Europe

Asia-Pacific (APAC)

• By Offering
• By Technology
• By Application
• By Process
• By Country – China, Japan, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Offering
• By Technology
• By Application
• By Process
• By Country – Brazil, Argentina, Algeria, South Africa, Saudi Arabia, and Other Countries