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Automotive Artificial Intelligence (AI) Market Revenue to Surpass US$ 53,118 Mn By 2030 – Exclusive Report By Acumen Research And Consulting

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TOKYO, May 05, 2022 (GLOBE NEWSWIRE) — The global automotive artificial intelligence market size is estimated to grow a CAGR above 39.6% over the forecast timeframe and reach a market value of around USD 53,118 million by 2030.

Our projections suggest that autonomous vehicles will be sufficiently reliable, economical, and common by 2030 to supplant most human driving, resulting in significant cost savings and advantages. Communication, intelligent transportation systems (ITS), and computational systems advancements have recently opened up new prospects for intelligent traffic safety, comfort, and efficiency solutions. In various fields of scientific study, artificial intelligence (AI) has been widely applied to improve traditional data-driven methodologies. The vehicle-to-everything (V2X) technology, when combined with AI, may gather data from a variety of sources, broaden the driver’s perception, and forecast probable accidents, improving driving comfort, safety, and efficiency.

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Global Automotive Artificial Intelligence Market Growth Aspects

The increased adoption of autonomous vehicles, rising government initiatives for vehicle and road safety, and ongoing investments in the automotive AI industry are some of the leading factors that are fueling the global automotive artificial intelligence market. The AI industry has flourished in the automotive industry due to its driver assist systems such as ADAS. This system is designed to avoid crash by using technologies to alert drivers to possible hazards or take over control of the vehicle to avoid such mishaps.

On the other hand, the integration of such high-tech technologies increases the cost of the vehicle. Thus, low and medium-income people are unable to purchase premium vehicles that are loaded with these systems. Furthermore, the increasing consciousness among consumers about the safety and surging demand for driver convenience and improving access to mobility are other factors that are contributing to the global automotive artificial intelligence market.

The automobile industry is quickly becoming a key source of artificial intelligence and machine learning. Artificial intelligence will have a huge impact on the automotive sector in the future decade. Faced with long-term existential risks such as sustainability, overcapacity, and the prospect of lower volume as a result of the shared mobility dilemma, automotive companies must tap into AI’s potential. The biggest promise is found in the vast amounts of data that car suppliers and manufacturers collect but do not adequately utilize.

As the quantity and scope of autonomous, software-defined, and networked vehicle operations grow, data volume will only increase. Data science and machine learning (ML) are designed to quickly assimilate vast amounts of data, decipher what it means, and apply the findings as soon as possible.

Market Segmentation

The global automotive artificial intelligence market has been segmented based on offering, process, technology, and application. Based on the offering, the market is divided into software and hardware. Among them, the hardware segment achieved a significant market share while the software segment is expected to gain a substantial growth rate in the coming years. Based on the process, the market is split into image recognition, signal recognition, voice recognition, and data mining. Out of these, the data mining segment is expected to grow with the fastest CAGR throughout the forecast period 2022 – 2030.

By technology, the market is categorized into computer vision, context awareness, deep learning, machine learning, and natural language processing. Based on them, deep learning technology is one of the leading segments that are used in the automotive artificial intelligence market.

Furthermore, autonomous driving, semi-autonomous driving, and human-machine interface are the splits of the application segment. Among them, the human-machine interface segment gathered a significant amount of share in 2021.

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Regional Overview

North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa are the regional classification of the global automotive artificial intelligence market. The Asia-Pacific automotive artificial intelligence market is anticipated to grow at the fastest rate during the forecast period 2022 – 2030. The high growth in the region is credited to the increased sales of premium passenger vehicles, rising disposable income, and increased positive perception of AI among consumers. Moreover, the North America region contributed the largest market share in the global market due to the surge in adoption of autonomous and electric vehicles in the US and the presence of many AI and self-driving car companies in the region. Then again, the Europe region stood for the second-largest position due to the presence of stringent government regulations and tremendous sales of electric vehicles due to these strict regulations in the region.

Interconnected Reports Automotive, Transportation and Logistics Market

The global Artificial Intelligence (AI) in Aviation market accounted for US$ 321.4 Mn in 2020 with a considerable CAGR of 47.3% during the forecast period of 2021 to 2028.

The global industry 4.0 market is anticipated to reach market size of around US$ 160 Bn by 2027 and is anticipated to grow at a CAGR of around 16% in terms of revenue during the forecast period 2020 – 2027.

The global artificial intelligence in transportation market is anticipated to reach market size of around US$ 5,000 Mn by 2027 and is anticipated to grow at a CAGR of around 15% in terms of revenue during the forecast period 2020 – 2027.

The global artificial intelligence market is expected to reach the market value of around US$ 160 Bn by 2026 and is anticipated to grow at a CAGR of around 49% in terms of revenue during the estimated period 2019 – 2026.

Major Players

Some key players covered globally in the automotive artificial intelligence industry are Appian, Alphabet Inc. (Waymo), BMW, Intel Corporation, International Business Machines Corporation, Microsoft Corporation, Micron Technology, Inc, Nvidia Corporation, Uber Technologies Inc. (OTTO Motors), Tesla, Inc, and Toyota Motor Corporation.

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About Acumen:

Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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Artificial Intelligence

Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website

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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.

“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”
The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.
With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.
KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.
The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.
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Artificial Intelligence

WIO Taps Gracenote to Revolutionize Television Broadcast Reporting

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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.

By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.
“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.
“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”
WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.
About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.
About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.
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Artificial Intelligence

IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility

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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.

Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.
Augmenting autonomous vehicles with printed electronics
As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.
Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.
IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.
Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.
Printed sensors promise granularized battery health monitoring
Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.
Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.
There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.
Embedding printed electronics in the car of the future
IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.
Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.
Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.
Outlook for printed electronics in automotive applications
Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.
Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.
For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.
For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.
About IDTechEx:
IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 
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