The global automotive artificial intelligence market is expected to grow at a CAGR of 39.8% from 2019 to reach $15.90 billion by 2027 with Asia Pacific automotive artificial intelligence market expected to grow at the highest CAGR.
Several established automotive organizations across the globe are increasingly struggling with the rising cost of operations, dissatisfied customers, declining sales and unidentified competition. Advanced capabilities of AI, coupled with rising consumer expectations, have pushed the automotive industry into adopting artificial intelligence. Several organizations are investing heavily in order to reap the profits in highly dynamic and competitive market environments. The global artificial intelligence in automotive market is expected to witness strong growth over the coming years due to the growing demand for autonomous vehicles, adoption of advanced automotive solutions, growing adoption of artificial intelligence for traffic management, and government initiatives and investments towards connected and autonomous vehicles.
Here are the top 10 companies operating in Automotive Artificial Intelligence Market-
Founded in 1998 and headquartered in California, U.S., Waymo operates as an autonomous vehicle development company. It offers self-driving autonomous cars that allow users to request pick-up and drop-off points. Alphabet is one of the global pioneers in internet-based products and services. The company’s product portfolio ranges from search engines, cloud computing, online advertising technologies, and computer hardware & software. In addition to products and services, Alphabet, through its multiple subsidiaries is focusing on the artificial intelligence in automotive market.
Alphabet has a strong global network with more than 70 offices in 50 countries across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
IBM functions through five key segments, namely, Cognitive Solutions, Technology Services & Cloud Platforms, Global Business Services, Systems, and Global Financing. The company has a diverse and vast portfolio of products and services based on technologies, such as artificial intelligence, IoT, cloud computing, security, and more. IBM is the world’s enterprise AI leader and largest cybersecurity enterprise. The company has a diverse and vast products and services portfolio, including artificial intelligence, IoT, cloud computing, and security, among others.
The company offers solutions for its clients to transform their business and helps them to engage with clients and employees in an effective manner.
Intel is engaged in designing and manufacturing innovative products and technologies. The company operates through six segments, namely, Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-volatile Memory Solution Group (NSG), Programmable Solution Group (PSG), and All Other. Intel offers some of the most advanced solutions and technologies that power AI capabilities in automobiles.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Intel has more than 150 locations around the globe with assembly and test facilities in China, Costa Rica, Malaysia, and Vietnam. The major subsidiaries of Intel are Altera, Mobileye, Nervana Systems, Wind River, and Easic Corporation, among others.
Microsoft is one of the leading technology providers. The company mainly offers software products comprising Internet Explorer, Microsoft Windows OS, Microsoft Office Suite, and Edge Web browsers. To accelerate autonomous vehicle deployment, the company leverages intelligent cloud and edge for massive data ingestion and storage, deep learning, AI, training, and validation.
With its subsidiaries and strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Some of the subsidiaries of Microsoft are Double Fine Productions, GitHub, Semantic Machines, Mojang, Skype, and LinkedIn Corporation.
Nvidia is a technology company that designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on chip units (SoCs) for the mobile computing and automotive market. With the company’s intelligent video analytics (IVA), AI-powered inventory management, and customer & store analytics, organizations are able to deliver better customer experiences. NVIDIA accelerated data science solution with RAPIDS enables enterprises to tap into GPU-accelerated machine learning (ML) with faster model iteration, better prediction accuracy, and lowest data science total cost of ownership (TCO).
With its subsidiaries and strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The major subsidiaries of the company include PGI Compilers & Tools, Icera, Uli Electronics Inc, ModViz, Inc., and others.
A report into the projected growth of the current Automotive Artificial Intelligence Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2027, it’s expected to have grown at a CAGR of 39.8%, reaching over $15.90 billion.
Xilinx designs, develops, and markets complete programmable logic solutions. The company’s solutions include advanced integrated circuits, software design tools, predefined system functions delivered as cores of logic, and field engineering support. It is the world’s leading provider of all programmable FPGAs, MPSoCs, SoCs and 3D ICs, enabling the next-generation of smarter, connected, and differentiated systems and networks. It offers embedded processing solutions spanning high-performance, low power, and very low cost. Xilinx offers solutions that reduce system-level data bottlenecks, increase parallelism, and reduce the overall power requirements for AI systems.
With its subsidiaries and a strong network of distribution, the company has its presence in various regions, such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The company’s subsidiaries include Ngcodec Inc., DeePhi Technology Co., Ltd., Solarflare Communications, Inc., and AutoESL Design Technologies, Inc.
Micron Technology, Inc.
Micron Technology is a leading provider of advanced semiconductor solutions, computer memory, and computer data storage, including dynamic random-access memory, flash memory, and USB flash drives. The company’s consumer products are marketed under the Crucial and Ballistix brands. Micron’s DRAM and Flash components are used in the most advanced computing, networking, and communications products, including computers, workstations, servers, cell phones, wireless devices, digital cameras, and gaming systems.
With its subsidiaries and strong distribution network, the company has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The subsidiaries of the company include Inotera, Micron Utah, FWDNXT Inc., Spectek LLC, Micron Semiconductor Asia Pte. Ltd., and Micron Semiconductor Products, Inc.
Tesla designs, manufactures, and sells high-performance electric vehicles and electric vehicle powertrain components. The company owns its sales and service network and sells electric powertrain components to other automobile manufacturers. The company is currently manufacturing three fully electric vehicles, namely, Model S sedan, Model X sport utility vehicle, and Model 3 sedan.
Tesla Autopilot is an advanced driver-assistance system feature that offers lane-centering, adaptive cruise control, self-parking, and the ability to automatically change lanes. In addition, it can navigate autonomously on limited-access freeways and offers the ability to summon the car to and from a garage or parking spot.
Tesla, Inc. was ranked as the world’s bestselling plug-in passenger car manufacturer in 2018, with 245,240 units delivered and a market share of 12% of the plug-in segment sales. The company has a strong global network across North America, Europe, and Asia-Pacific. Some of its subsidiaries are SolarCity, Tesla Grohmann Automation, and Maxwell Technologies.
Ford Motor Company
Ford Motor Company is a multinational automaker company that sells automobiles and commercial vehicles under the Ford brand, and most luxury cars under the Lincoln brand. It is the world’s fifth-largest automaker based on worldwide vehicle sales that includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), luxury vehicles, and automotive parts & accessories. With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. Some of its subsidiaries include Lincoln, Ford Motor Credit Company, and Ford Otosa.
General Motors Company
General Motors Company designs, builds, and sells cars, trucks, crossovers, and automobile parts. The company offers vehicle protection, parts, accessories, maintenance, satellite radio, and automotive financing services. For product design operations, the company uses machine learning technology. General Motors Company deploys a cloud-based image classification tool on robots to detect faulty components.
General Motors manufactures vehicles in 37 countries and has its presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Some of its subsidiaries include Chevrolet, GMC, Cadillac, Opel, and ACDelco.
Popular Mentions: HARMAN International Industries, Inc., Honda Motor Co., Ltd., Audi AG, Qualcomm Technologies, Inc.
Authoritative Research on the Automotive Artificial Intelligence Market – Global Opportunity Analysis and Industry Forecast (2019-2027)
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