Automotive Artificial Intelligence Software Market Overview
Automotive Artificial Intelligence Software is a technology that is mainly used in self-driving vehicles and semi-autonomous vehicles to increase its operational efficiency and makes them more preferable as compared to conventional vehicles.
There have been several developments that took place over the period which include technological advancements, development in infrastructure and systems, and others. Moreover, there has been an evolution in the automotive industry with the combination of technology and booming automotive industry are crucial factors that accelerate the growth of the Automotive Artificial Intelligence Software market throughout the forecast period.
Furthermore, other key factors such as the rise in the demand for autonomous vehicles, increased demand for enhanced consumer experience, coupled with an increase in the investment by major market players are further projected to support the growth of the Automotive Artificial Intelligence Software market in the forthcoming years.
On the downside, factors such as an increase in cyber-crime and a rise in privacy concerns are expected to hamper the growth of the market in the coming years. Besides this, increased demand for the premium vehicle with advanced software and systems to increase its operational efficiency and user-friendly interface is estimated to create several opportunities in the Automotive Artificial Intelligence Software market in the near future.
Covid-19 Impact on Automotive Artificial Intelligence Software Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Automotive Artificial Intelligence Software Market Segment Overview
Based on Product Type, the Advanced Driver-Assistance Systems (ADAS) is the largest segment in the global Automotive Artificial Intelligence Software market. Advanced Driver-Assistance Systems (ADAS) is a group of electronic technologies that assist drivers in driving and parking functions. Through a safe human-machine interface, ADAS increase car and road safety. ADAS use automated technology, such as sensors and cameras, to detect nearby obstacles or driver errors, and respond accordingly.
Automotive Artificial Intelligence Software Market, By Product Type
· Automatic Drive
· Advanced driver-assistance systems (ADAS)
Automotive Artificial Intelligence Software Market, By Product Application
· Passenger Car
· Commercial Vehicle
Automotive Artificial Intelligence Software Market Regional Overview
In terms of region, North America is anticipated to hold the largest share of the global Automotive Artificial Intelligence Software market in the forecast period. This is due to the increased adoption of advanced technology and continuous innovation and development in the automotive industry in this region. Furthermore, infrastructure development and increased demand for autonomous vehicles are further intensifying the growth of the automotive artificial intelligence software market in this region. Likewise, the Asia Pacific is expected to register the fastest growth during the forecast period. Factors such as the fast-developing automotive industry, increased adoption of advanced technology, and increase in automation in vehicles are anticipated to support the market’s growth in this region.
Automotive Artificial Intelligence Software Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Automotive Artificial Intelligence Software Market, Key Players
· Alphabet
· HARMAN International
· TomTom
· Bosch
· NVIDIA
· Delphi
Automotive Artificial Intelligence Software is a technology that is mainly used in self-driving vehicles and semi-autonomous vehicles to increase its operational efficiency and makes them more preferable as compared to conventional vehicles.
There have been several developments that took place over the period which include technological advancements, development in infrastructure and systems, and others. Moreover, there has been an evolution in the automotive industry with the combination of technology and booming automotive industry are crucial factors that accelerate the growth of the Automotive Artificial Intelligence Software market throughout the forecast period.
Furthermore, other key factors such as the rise in the demand for autonomous vehicles, increased demand for enhanced consumer experience, coupled with an increase in the investment by major market players are further projected to support the growth of the Automotive Artificial Intelligence Software market in the forthcoming years.
On the downside, factors such as an increase in cyber-crime and a rise in privacy concerns are expected to hamper the growth of the market in the coming years. Besides this, increased demand for the premium vehicle with advanced software and systems to increase its operational efficiency and user-friendly interface is estimated to create several opportunities in the Automotive Artificial Intelligence Software market in the near future.
Covid-19 Impact on Automotive Artificial Intelligence Software Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Automotive Artificial Intelligence Software Market Segment Overview
Based on Product Type, the Advanced Driver-Assistance Systems (ADAS) is the largest segment in the global Automotive Artificial Intelligence Software market. Advanced Driver-Assistance Systems (ADAS) is a group of electronic technologies that assist drivers in driving and parking functions. Through a safe human-machine interface, ADAS increase car and road safety. ADAS use automated technology, such as sensors and cameras, to detect nearby obstacles or driver errors, and respond accordingly.
Automotive Artificial Intelligence Software Market, By Product Type
· Automatic Drive
· Advanced driver-assistance systems (ADAS)
Automotive Artificial Intelligence Software Market, By Product Application
· Passenger Car
· Commercial Vehicle
Automotive Artificial Intelligence Software Market Regional Overview
In terms of region, North America is anticipated to hold the largest share of the global Automotive Artificial Intelligence Software market in the forecast period. This is due to the increased adoption of advanced technology and continuous innovation and development in the automotive industry in this region. Furthermore, infrastructure development and increased demand for autonomous vehicles are further intensifying the growth of the automotive artificial intelligence software market in this region. Likewise, the Asia Pacific is expected to register the fastest growth during the forecast period. Factors such as the fast-developing automotive industry, increased adoption of advanced technology, and increase in automation in vehicles are anticipated to support the market’s growth in this region.
Automotive Artificial Intelligence Software Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Automotive Artificial Intelligence Software Market, Key Players
· Alphabet
· HARMAN International
· TomTom
· Bosch
· NVIDIA
· Delphi
Automotive Artificial Intelligence Software Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Automotive Artificial Intelligence Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Automatic Drive
- 5.2.2. Advanced driver-assistance systems (ADAS)
- 5.3. Market Analysis, Insights and Forecast – By Product Application
- 5.3.1. Passenger Car
- 5.3.2. Commercial Vehicle
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Automotive Artificial Intelligence Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Automatic Drive
- 6.2.2. Advanced driver-assistance systems (ADAS)
- 6.3. Market Analysis, Insights and Forecast – By Product Application
- 6.3.1. Passenger Car
- 6.3.2. Commercial Vehicle
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Automotive Artificial Intelligence Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Automatic Drive
- 7.2.2. Advanced driver-assistance systems (ADAS)
- 7.3. Market Analysis, Insights and Forecast – By Product Application
- 7.3.1. Passenger Car
- 7.3.2. Commercial Vehicle
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Automotive Artificial Intelligence Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Automatic Drive
- 8.2.2. Advanced driver-assistance systems (ADAS)
- 8.3. Market Analysis, Insights and Forecast – By Product Application
- 8.3.1. Passenger Car
- 8.3.2. Commercial Vehicle
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Automotive Artificial Intelligence Software Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Automatic Drive
- 9.2.2. Advanced driver-assistance systems (ADAS)
- 9.3. Market Analysis, Insights and Forecast – By Product Application
- 9.3.1. Passenger Car
- 9.3.2. Commercial Vehicle
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Alphabet
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. HARMAN International
- 10.6. TomTom
- 10.7. Bosch
- 10.8. NVIDIA