Automotive Artificial Intelligence Market, Size, Share, Opportunities and Forecast, 2020-2027

SKU: DAT82 | Last Updated On: Sep 22 2020 | No. of Pages: 184 | Available Formats

> Global Automotive Artificial Intelligence Market Expected to reach a high CAGR of 45% By 2027: DataM Intelligence

Global Automotive Artificial Intelligence Market is segmented By Application (AI Driving Features, AI Cloud Services, AI Automotive Insurance, AI in Car Manufacturing), By Technology (Machine Learning & Deep Learning, Computer Vision, Natural language processing), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2020-2027

 

Market Overview

The global Automotive Artificial Intelligence market is expected to grow at a CAGR of over 45% during the forecast period (2020-2027).

Artificial intelligence (AI) is one of the most progressive technologies in computer science. This technology has enabled machines to develop cognitive functions of the human mind such as language understanding, reasoning, learning, and problem solving abilities and it has been extended to the automotive sector in recent years. Manufactures across the globe are adopting this technology for both enhancing manufacturing processes and product differentiation and the automotive industry is no exception.

While self-driving cars is the prime use case for modern AI, Companies are also using this technology to develop Smarter security system in automobiles, for developing driver monitoring system, traffic complexity estimation, etc. in order to bring innovation in products and provide better facilities to the customers.

Market Dynamics 

Drivers: Rise in demand for enhanced user experience as well as convenience features, has increased demand for the premium vehicle segment. For instance, the size of Global market for luxury cars has reached USD 553.85 billion in 2018. Also growing development in the area of autonomous vehicles, has fueled the growth of the global automotive AI market.

Restraints: The threat of hackers and rise in cybercrimes are expected to restrain the market growth. For instance, in 2015, Fiat Chrysler had to issue in terms of safety and recalled 1.4 million affected vehicles in the US, after security researchers showed that one of its cars could be hacked. There have been instances of casualties caused by self-drive cars such as, In March 2018, a pedestrian was killed by the prototype based Uber self-drive car in Arizona. Uber discovered that its self-driving software decided not to take any actions after the car’s sensors detected the pedestrian 

But due to exponential growth in R&D these loopholes and system failures are seem to rare phenomenon, for example in a paper published by MIT on Jan 25, 2019 identifies instances in which autonomous systems have 'learned' from training examples that don't match what's actually happening in the real world. 

Market Segmentation

Based on the Applications, the Global Automotive Artificial Intelligence Market is segmented into AI Driving Features, AI Cloud Services, AI Automotive Insurance, and AI in Car Manufacturing. AI Driving Features can be further sub segmented into two levels based on functionality: driver assist and fully autonomous vehicles. The AI Driving Features segment accounts for the largest revenue share due to rise in demand for autonomous vehicles and enhanced user experience. The two companies with the largest market share in this segment are Google and Tesla. The demand for AI Cloud Services is a derived demand, the growth rate of this segment is largely dependent on growth rate of other segments like AI Driving Features and AI in Car Manufacturing. For instance, LG Electronics has started working with Microsoft to use Azure cloud and AI technologies to develop their autonomous automotive AI. Increasing use of AI has benefited Automotive Insurance companies as these companies have embraced the use of AI in cars to help make risk assessments in real time, for instance According to the Association of British Insurers, more than half a million insurance frauds, totaling USD 1.45 billion, were detected in the UK during 2017 using AI technology.

Based on the technology, the Global Automotive Artificial Intelligence Market can be segmented into, machine learning & deep learning, Computer Vision and Natural language processing. Computer vision segment is expected to have major growth in the forecast period. The technology of computer vision is being used by automotive industry for building artificial systems that obtain information from images or multi-dimensional data points in order to make the automobile to interact with the external environment (The traffic, the pedestrians, Constructions etc.). Waymo, a subsidiary of Google, a major player in this segment of Automotive AI industry claims to have developed 360 degrees movement detection sensors for making self-driving cars a lot safer. 

In the area of Natural Language Processing, Nuance is a major player. It has partnered with automotive giants like BMW and Audi to develop hybrid voice and natural language processing technologies. In Machine learning, algorithms can accurately incorporate analysis results, these features are widely being used in the area of customer feedback analysis, detecting failure patterns and predictive maintenance.

Geographical Analysis 

By geography, the global Automotive AI market is segmented into North America, Europe, Asia Pacific, South America and ROW. 

North America has the largest market share and is due to the rapid development of autonomous vehicle technology and the strict government regulation for road safety. For instance, in 2016, the government of United States had invested more than USD 4 billion to accelerate the acceptance of autonomous vehicles in the country. 

Asia is anticipated to exhibit the fastest CAGR during the forecast period due to strong technological capabilities possessed by South Korea, Japan, China, and India, and this is the reason why major technology leader in the market are investing in these countries. 

Competitive Analysis

The Market currently has a presence of various big players from both the industries, Automobile as well as Artificial Intelligence and these companies are collaborating with each other to develop new products and services. 

For example, On March 18, 2019 NVIDIA has collaborated with Toyota to deliver artificial intelligence hardware and software technologies that will improve the capabilities of autonomous driving systems. In August, 2016 Uber had partnered with Swedish car maker Volvo for a fleet of self-driving cars. Honda has joined hands with General Motors tech startup Cruise to develop autonomous vehicles. Mercedes-Benz and NVIDIA have announced a partnership to bring an NVIDIA AI-powered car to market. The competition is highly fragmented and companies are trying to survive in the market through innovations and new product launches. 

Major Market Players in Automotive Artificial Intelligence are-

• Carvi

• German AutoLabs  

• Raven  

• Argo AI Tractable

• Deepscale 

• Cisco 

• Waymo 

• Microsoft Azure 

• Nvidia

Key Takeaways

• AI in Automotive Industry is expanding vastly in the recent years in various applications such as manufacturing, driver assistance and autonomous vehicle developments.

• Growing demand for autonomous vehicle, have fueled the growth of the global automotive AI market, though rising cybercrimes is one of the strong restrain to the market growth but heavy investments by tech giants in R&D has increased the reliance of Automotive industries on AI.

• The AI Driving Features segment accounts for the largest revenue share and the two companies with the largest market share in this segment are Google and Tesla

• Asia is anticipated to exhibit the fastest CAGR during the forecast period due to strong technological capabilities possessed by South Korea, Japan, China, and India and currently North America has the largest market share.

Why Purchase the Report?

• Visualize the composition of the Automotive Artificial Intelligence market across each indication, in terms of type and treatment options, highlighting the key commercial assets and players.

• Identify commercial opportunities in Automotive Artificial Intelligence market by analyzing trends and co-development deals. 

• Excel data sheet with thousands of data points of the Automotive Artificial Intelligence market - level 4/5 segmentation.

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

• Product mapping in excel for the key products of all major market players

Target Audience:

• Equipment Suppliers/ Buyers

• Service Providers/ Buyers

• Industry Investors/Investment Bankers

Education & Research Institutes

• Research Professionals

• Emerging Companies

• Manufacturers

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Table of Content

1. Global Automotive Artificial Intelligence Market Methodology and Scope

1.1. Research Methodology

1.2. Research Objective and Scope of the Report

2. Global Automotive Artificial Intelligence Market – Market Definition and Overview

3. Global Automotive Artificial Intelligence Market – Executive Summary

3.1. Market Snippet by Application

3.2. Market Snippet by Technology 

3.3. DataM CLO Scenario

4. Global Automotive Artificial Intelligence Market – Market Dynamics

4.1. Market Impacting Factors

4.1.1. Drivers

4.1.1.1. Rise in demand for enhanced user experience

4.1.1.2. Demand for the premium vehicle segment

4.1.1.3. Development in the area of autonomous vehicles

4.1.2. Restraints

4.1.2.1. Rise in cybercrime

4.1.3. Impact Analysis

5. Global Automotive Artificial Intelligence Market – Industry Analysis 

5.1. Porter's Five Forces Analysis

5.2. Supply Chain Analysis 

5.3. Regulatory Analysis

5.4. Technology Advances

5.5. Key Companies to Watch

6. Global Automotive Artificial Intelligence Market – By Application

6.1. Introduction

6.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

6.3. Market Attractiveness Index, By Application

6.3.1. AI Driving Features

6.3.1.1. Introduction

6.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

6.3.2. AI Cloud Services

6.3.3. AI Automotive Insurance

6.3.4. AI in Car Manufacturing

7. Global Automotive Artificial Intelligence Market – By Technology 

7.1. Introduction

7.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), Technology 

7.3. Market Attractiveness Index, Technology 

7.3.1. Machine Learning & Deep Learning

7.3.1.1. Introduction

7.3.1.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), 2018-2026

7.3.2. Computer Vision

7.3.3. Natural language processing 

8. Global Automotive Artificial Intelligence Market – By Region

8.1. Introduction 

8.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

8.3. Market Attractiveness Index, By Region

8.4. North America

8.4.1. Introduction

8.4.2. Key Region-Specific Dynamics

8.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology 

8.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

8.4.5.1. U.S.

8.4.5.2. Canada

8.4.5.3. Mexico

8.5. Europe

8.5.1. Introduction

8.5.2. Key Region-Specific Dynamics

8.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology 

8.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

8.5.5.1. Germany

8.5.5.2. U.K.

8.5.5.3. France

8.5.5.4. Rest of Europe

8.6. South America

8.6.1. Introduction

8.6.2. Key Region-Specific Dynamics

8.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology 

8.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

8.6.5.1. Brazil

8.6.5.2. Argentina

8.6.5.3. Rest of South America

8.7. Asia-Pacific

8.7.1. Introduction

8.7.2. Key Region-Specific Dynamics

8.7.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.7.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology 

8.7.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

8.7.5.1. China

8.7.5.2. India

8.7.5.3. Japan

8.7.5.4. Australia

8.7.5.5. Rest of Asia Pacific

8.8. Middle East and Africa

8.8.1. Introduction

8.8.2. Key Region-Specific Dynamics

8.8.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.8.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology 

9. Global Market – Competitive Landscape

9.1. Competitive Scenario

9.2. Competitor Strategy Analysis

9.3. Comparative Product Portfolio Analysis

9.4. Market Positioning/Share Analysis

9.5. Mergers and Acquisitions Analysis

10. Company Profiles

10.1. Carvi *

10.1.1. Company Overview

10.1.2. Product Portfolio and Description

10.1.3. Key Highlights

10.1.4. Financial Overview

10.2. German Autolabs 

10.3. Raven

10.4. Argo AI 

10.5. Deepscale

10.6. Cisco

10.7. Waymo 

10.8. Microsoft Azure 

10.9. Nvidia

11. Global Automotive Artificial Intelligence Market – Premium Insights

12. Global Automotive Artificial Intelligence Market – DataM

12.1. Appendix

12.2. About Us and Services

12.3. Contact Us

 

List of Tables & Figures

List of Figures

Figure 1 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Application, 2018 & 2027 (%)

Figure 2 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Technology, 2018 & 2027 (%)

Figure 3 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Region, 2018 & 2027 (%)

Figure 4 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 5 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Y-o-Y Growth, By Application, 2018-2027 (%)

Figure 6 AI Driving Features: Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 7 AI Cloud Services: Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 8 AI Automotive Insurance: Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 9 AI in Car Manufacturing: Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 10 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Y-o-Y Growth, By Technology, 2018-2027 (%)

Figure 11 Machine Learning & Deep Learning: Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 12  Computer Vision: Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 13 Natural language processing: Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 14 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Y-o-Y Growth, By Region, 2018-2027 (%)

Figure 15 North America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 16 North America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Application, 2018 & 2027 (%)

Figure 17 North America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Technology, 2018 & 2027 (%)

Figure 18 North America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Country, 2018 & 2027 (%)

Figure 19 South America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 20 South America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Application, 2018 & 2027 (%)

Figure 21 South America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Technology, 2018 & 2027 (%)

Figure 22 South America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Country, 2018 & 2027 (%)

Figure 23 Europe AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 24 Europe AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Application, 2018 & 2027 (%)

Figure 25 Europe AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Technology, 2018 & 2027 (%)

Figure 26 Europe AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Country, 2018 & 2027 (%)

Figure 27 Asia-Pacific AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 28 Asia-Pacific AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Application, 2018 & 2027 (%)

Figure 29 Asia-Pacific AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Technology, 2018 & 2027 (%)

Figure 30 Asia-Pacific AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Country, 2018 & 2027 (%)

Figure 31 Middle East & Africa AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, 2017-2027 (USD Million)

Figure 32 Middle East & Africa AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Application, 2018 & 2027 (%)

Figure 33 Middle East & Africa AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Share, By Technology , 2018 & 2027 (%)

Figure 34 Carvi: Financials

Figure 35 Raven: Financials

Figure 36 Deepscale: Financials

Figure 37 Cisco: Financials

Figure 38 Waymo: Financials

Figure 39 German AutoLabs: Financials

Figure 40 Microsoft Azure: Financials

Figure 41 Nvidia: Financials

Figure 42 Argo AI: Financials

 

List of Tables

Table 1 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Application, 2018, 2022 & 2027 (USD Million)

Table 2 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Technology, 2018, 2022 & 2027 (USD Million)

Table 3 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Region, 2018, 2022 & 2027 (USD Million)

Table 4 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Application, 2018, 2022 & 2027 (USD Million)

Table 5 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Application, 2017-2027 (USD Million)

Table 6 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Technology, 2018, 2022 & 2027 (USD Million)

Table 7 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Technology, 2017-2027 (USD Million)

Table 8 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Region, 2018, 2022 & 2027 (USD Million)

Table 9 Global AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Region, 2017-2027 (USD Million)

Table 10 North America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Application, 2017-2027 (USD Million)

Table 11 North America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Technology, 2017-2027 (USD Million)

Table 12 North America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Country, 2017-2027 (USD Million)

Table 13 South America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Application, 2017-2027 (USD Million)

Table 14 South America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Technology, 2017-2027 (USD Million)

Table 15 South America AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Country, 2017-2027 (USD Million)

Table 16 Europe AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Application, 2017-2027 (USD Million)

Table 17 Europe AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Technology, 2017-2027 (USD Million)

Table 18 Europe AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Country, 2017-2027 (USD Million)

Table 19 Asia-Pacific AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Application, 2017-2027 (USD Million)

Table 20 Asia-Pacific AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Technology, 2017-2027 (USD Million)

Table 21 Asia-Pacific AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Country, 2017-2027 (USD Million)

Table 22 Middle East & Africa AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Application, 2017-2027 (USD Million)

Table 23 Middle East & Africa AUTOMOTIVE ARTIFICIAL INTELLIGENCE Market Value, By Technology , 2017-2027 (USD Million)

Table 24 Carvi: Overview

Table 25 Carvi: Product Portfolio

Table 26 Carvi: Key Developments

Table 27 Raven: Overview

Table 28 Raven: Product Portfolio

Table 29 Raven: Key Developments

Table 30 Deepscale: Overview

Table 31 Deepscale: Product Portfolio

Table 32 Deepscale: Key Developments

Table 33 Cisco: Overview

Table 34 Cisco: Product Portfolio

Table 35 Cisco: Key Developments

Table 36 Waymo: Overview

Table 37 Waymo: Product Portfolio

Table 38 Waymo: Key Developments

Table 39 German Auto Labs: Overview

Table 40 German Auto Labs: Product Portfolio

Table 41 German Auto Labs: Key Developments

Table 42 Microsoft Azure: Overview

Table 43 Microsoft Azure: Product Portfolio

Table 44 Microsoft Azure: Key Developments

Table 45 Nvidia: Overview

Table 46 Nvidia: Product Portfolio

Table 47 Nvidia: Key Developments

Table 48 Argo AI: Overview

Table 49 Argo AI: Product Portfolio

Table 50 Argo AI: Key Developments

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