Artificial Intelligence (AI) in Automotive and Transportation Market to Grow at 20.22% CAGR by 2030

Overview of the Global Artificial Intelligence (AI) in Automotive and Transportation Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Global Artificial Intelligence (AI) in Automotive and Transportation Market 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), The Global 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 provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Global Artificial Intelligence (AI) in Automotive and Transportation Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-2030

Historical Data: 2019-22

CAGR (2024-2030): 20.22%

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Global Artificial Intelligence in Automotive & Transportation Market Opportunity

AI-powered Fleet Management Creating Opportunities – In the rapidly evolving landscape of the automotive & transportation industry, the segment of fleet management presents a compelling market opportunity. The integration of AI-powered solutions is reshaping the way logistics & fleet companies operate. These solutions offer numerous advantages, including route optimization, real-time monitoring of vehicle health, and heightened overall operational efficiency. By leveraging AI, fleet managers can dynamically adjust routes to account for traffic, weather, and other variables, resulting in reduced fuel costs and quicker deliveries.

Moreover, AI-driven predictive maintenance ensures that vehicles remain in peak condition, minimizing unexpected breakdowns and associated downtime. This contributes to substantial cost savings and improved customer satisfaction. As the demand for efficient, sustainable, and cost-effective transportation solutions continues to grow, AI-powered fleet management is poised to be a transformative force in the industry, offering companies a competitive edge and streamlining their operations.

A Comprehensive Analysis of Leading Companies of Artificial Intelligence (AI) in Automotive and Transportation Market by MarkNtel Advisors:

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

Key Artificial Intelligence (AI) in Automotive and Transportation Market Segmentation:

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

-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.

-By Application

Human Machine Interface
Driver Monitoring
Driver/Identity Authentication
Autonomous Driving Processing Chips
Intelligent Traffic Management System

Human Machine Interface (HMI) is anticipated to contribute substantially to the market growth during the forecast period.

Geographical Analysis

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

North America dominated the Artificial Intelligence (AI) in the Automotive & Transportation Market with the largest share in recent years and is projected to prevail in the same trend during the forecast period.

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

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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 20.220+ 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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