Artificial Intelligence
The passenger Vehicle Segment is expected to constitute a share of 72.0% in the Automotive AI Chipset Market in 2024 | Future Market Insights, Inc.
The convergence of rising autonomous vehicle development and the growing trend toward connected cars fuel a significant demand for automotive AI chipsets. This report, A Comprehensive Analysis of the Automotive AI Chipset Ecosystem, 2034, presents a comprehensive view of this dynamic market, highlighting lucrative opportunities for industry stakeholders.
NEWARK, Del., Dec. 7, 2023 /PRNewswire/ — The global automotive AI chipset market is anticipated to reach a valuation of US$ 3.5 billion in 2024, driven by human-machine interface enhancement. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 22.1% between 2024 and 2034 and reaching a total valuation of approximately US$ 25.9 billion by 2034.
Request Exclusive Sample Report: Automotive AI Chipset Market Strategic Insights: https://www.futuremarketinsights.com/reports/sample/rep-gb-18604
Two major factors contributing to the market’s growth are long-term evolution and 5G connectivity. The rollout and widespread adoption of high-speed LTE and 5G connectivity can significantly impact the capabilities of AI applications in vehicles. Faster and more reliable data transmission enables real-time communication, enhancing the effectiveness of AI algorithms.
The availability of open-source AI platforms and development tools facilitates innovation and collaboration within the automotive industry. Developers and manufacturers can leverage these tools to accelerate the integration of AI chipsets into vehicles.
AI chipsets enable predictive maintenance systems that anticipate and address vehicle maintenance issues before they become critical, reducing downtime, extending vehicle components’ lifespan, and enhancing overall reliability.
Sensor fusion, combining data from various sensors like cameras, radar, and LiDAR, is crucial for comprehensive perception in autonomous vehicles. AI chipsets can enhance sensor fusion capabilities, enabling more accurate and reliable environmental understanding.
The integration of augmented reality in head-up displays is becoming more prevalent for providing drivers with real-time information without distraction. AI chipsets contribute to the processing power needed for AR applications, enhancing safety and user experience.
Blockchain technology is being explored to enhance data security and integrity in the automotive industry. AI chipsets can play a role in supporting blockchain implementations for secure and transparent data management.
“Driver monitoring systems, powered by AI chipsets, can monitor driver behavior, alertness, and attention. The technology is crucial for enhancing safety by preventing accidents caused by driver fatigue or distraction,” says Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm.
Key Takeaways from the Market Study
Global automotive AI chipset market was valued at US$ 2.9 billion by 2023-end.From 2019 to 2023, the market demand expanded at a CAGR of 18.4%.The market in Australia is expected to expand at a CAGR of 26.6% through 2034.By vehicle type, the passenger type segment to account for a share of 72.0% in 2024.From 2024 to 2034, automotive AI chipset market is expected to flourish at a CAGR of 22.1%.By 2034, the market value of automotive AI chipset is expected to reach US$ 25.9 billion.Competitive Landscape
Prominent players in the automotive AI chipset market are Advanced Micro Devices Inc., Xilinx Inc., Graphcore Ltd, Huawei Technologies Co. Ltd, IBM Corporation, Intel Corporation, NVIDIA Corporation, Micron Technology Inc., Samsung Semiconductor (Samsung Electronics Co. Ltd), Qualcomm, NVIDIA, NXP Semiconductors, and Mobileye, among others.
Top of Form
Recent Developments
In 2022, Mobileye unveiled the EyeQ® Ultra™, marking the cutting-edge and highest-performing system on chip of the company, specifically designed for autonomous driving. The EyeQ Ultra stands out with a remarkable 176 TOPS, and is an efficient chip for autonomous vehicles.In 2021, Qualcomm Technologies, Inc. and General Motors reaffirmed their ongoing collaboration to enhance forthcoming vehicles’ experiences. Leveraging their extensive partnership that spans various cellular technology generations, the two companies will employ their expertise to incorporate highly advanced technologies essential for the next generation of vehicles.Purchase this report now to get key companies with their Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global automotive AI chipset market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.
To understand opportunities in the automotive AI chipset market, the market is segmented based on product (GPU, ASIC, FGPA, CPU), application (advanced driver assistance systems, voice and gesture recognition, infotainment system, predictive maintenance, autonomous driving, and others), processing type (computer vision, machine learning, natural language processing), and vehicle type (passenger vehicle, and commercial vehicle), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and Middle East & Africa (MEA)).
The technology team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and 1 Billion+ data points, the team has lucidly analyzed the market in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
Unveiling the Dynamics of the Automotive AI Chipset Market: Access Our Comprehensive Research Methodology
About the Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently recognized him as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
Explore FMI’s Extensive Coverage in the Technology Domain:
Content Service Platform Market Analysis by Small and Medium Sized Enterprises and Large Size Enterprises from 2024 to 2034 – Review and Request Sample Report.Data Lake Market Analysis by On-Premise Deployment and Solutions from 2024 to 2034. – Review and Request Sample Report.Consent Management Market Forecast by Consulting and Other Services for 2024 to 2034 – Review and Request Sample Report.Study of 5G System Integration Market by IT and Telecom, and BFSI from 2024 to 2034. – Review and Request Sample Report.Smart Bathroom Market Analysis by Smart Toilet, Smart Soap Dispenser, Smart Faucets, Showers, Smart Bathroom Mirrors, and Others from 2024 to 2034. – Review and Request Sample Report.Analysis of the 3D Camera Market by Stereo Vision and Time of Flight from 2024 to 2034. – Review and Request Sample Report.About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the United Kingdom, the United States, and India. FMI’s latest market research reports and industry analysis helps businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact UsNandini Singh Sawlani Future Market Insights Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware – 19713, USAT: +1-845-579-5705For Sales Enquiries: [email protected]: https://www.futuremarketinsights.comLinkedIn| Twitter| Blogs | YouTube
Logo: https://mma.prnewswire.com/media/1197648/3531122/FMI_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/the-passenger-vehicle-segment-is-expected-to-constitute-a-share-of-72-0-in-the-automotive-ai-chipset-market-in-2024–future-market-insights-inc-302009160.html
Artificial Intelligence
Xinhua Silk Road: E China’s Changzhou City unveils investment opportunities in sectors of new productive forces for global investors
BEIJING, Sept. 29, 2024 /PRNewswire/ — Changzhou City, an leading international smart manufacturing base located in east China’s Jiangsu Province, has released a bunch of investment investment opportunities to global investors in various sectors of new productive forces at the the 2024 New Energy Industry Development Conference & Invest in Changzhou Conference held in the city on September 19.
The investment opportunities covers nine areas including synthetic biology, low-altitude economy, intelligent connected new energy vehicles, solid-state batteries, hydrogen energy, third-generation semiconductors, and artificial intelligence, manifesting the confidence of Changzhou in further opening development.
Changzhou, seated in the axis of the Yangtze River Delta, has become an important base for advanced manufacturing in China.
In recent years, thanks to intensified efforts in developing new energy industry and fostering new quality productive forces, Changzhou has expanded the added value of its industrial sector to more than two trillion yuan, with manufacturing added value accounting for about 43 percent, both ranking among the top three in Jiangsu Province.
In the Hurun China New Energy Cities 2024, a list released by the Hurun Research Institute at the conference, Changzhou ranked first among other cities in the country for three consecutive years in terms of investment attractiveness and concentration.
Changzhou has accumulated a total of 10.59 billion US dollars (nearly 74.25 billion yuan) in terms of actually utilized foreign capital since 2020. Major projects such as soft magnetism of ArcelorMittal and medical device of BIOS, a Hong Kong-based company, have been launched during the conference.
In addition, Changzhou has released a multilingual guide for foreign nationals in Changzhou at the conference, which includes practical service items in stay and residence, work, convenient payment options, among others, turning the city into a more open and international place.
Original link: https://en.imsilkroad.com/p/342380.html
Photo – https://mma.prnewswire.com/media/2518604/Changzhou.jpg
View original content:https://www.prnewswire.co.uk/news-releases/xinhua-silk-road-e-chinas-changzhou-city-unveils-investment-opportunities-in-sectors-of-new-productive-forces-for-global-investors-302261868.html
Artificial Intelligence
CGTN: China honors individuals with highest awards in celebration of 75th National Day
BEIJING, Sept. 29, 2024 /PRNewswire/ — Huang Zongde enlisted in the Chinese People’s Liberation Army at the age of 17, beginning a nearly four-decade-long military career where his bravery, valor and devotion earned him countless awards and honors.
The heavily decorated 93-year-old received the highest state honor on Sunday when Chinese President Xi Jinping conferred him with the Medal of the Republic at a ceremony in the Great Hall of the People in Beijing.
China awarded national medals and national honorary titles to 15 individuals, including Huang, in recognition of their contribution and achievement as it celebrates the 75th anniversary of the founding of the People’s Republic of China, which falls on October 1.
Chinese heroes and role models
In addition to Huang, three others were awarded the Medal of the Republic. Wang Yongzhi, a missile and rocket expert and a pioneer of China’s manned space program, was honored posthumously. Wang Zhenyi, a medical scientist known for breakthroughs in leukemia treatment, and Li Zhensheng, an expert in wheat breeding, are also among the honorees.
The national honorary titles went to 10 people, including scientists, a border patrolman, an artist, a craftsman, educators, a health worker, an economist and an athlete.
Addressing Sunday’s awarding ceremony, President Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, called on the Chinese people to learn from heroes and role models to form a mighty force to build a strong China.
China is in a crucial period for building a great modern socialist country in all respects and achieving national rejuvenation through Chinese modernization, he said.
Encouraging the Chinese people to strive for extraordinary achievements at ordinary job posts, Xi urged them to contribute to resolving challenges to development and reform and safeguarding social harmony and stability.
China’s old friends and good friends
As its highest state honor for foreigners, China awarded the Friendship Medal to Dilma Rousseff, president of the New Development Bank and former Brazilian president, for her commitment to the friendship between China and Brazil, and development of relationship between China and the Community of Latin American and Caribbean States, and cooperation among BRICS countries, a group of major emerging economies.
Accepting the honor at the ceremony, Rousseff said the medal symbolizes the strong bonds between Brazil and China and pledged to continue her unremitting efforts to promote the friendship.
China’s achievements over the decades, including economic transformation, technological innovation and remarkable social development, have made it a beacon and a source of inspiration for the world, she said.
Xi lauded Rousseff as an outstanding representative of China’s old friends and good friends who have shared the same aspirations and stood together with the Chinese people over the past 75 years and vowed that China will never forget such international friends.
The Chinese people are ready to join hands with people from all over the world to safeguard world peace, promote common development and advance the building of a community with a shared future for mankind to create a better future for humanity, he said.
https://news.cgtn.com/news/2024-09-29/China-honors-individuals-with-highest-awards-ahead-of-National-Day-1xhS1SaZeZa/p.html
View original content:https://www.prnewswire.co.uk/news-releases/cgtn-china-honors-individuals-with-highest-awards-in-celebration-of-75th-national-day-302261867.html
HANGZHOU, China, Sept. 29, 2024 /PRNewswire/ — On September 26, a delegation from the Ministry of Digital Development, Innovations and Aerospace Industry of the Republic of Kazakhstan, led by Minister Madiyev Zhaslan, visited SUPCON. SUPCON’s Chairman and President, Mr.Cui Shan, warmly welcomed the delegation.
The Kazakhstan government representatives expressed their appreciation and recognition of SUPCON’s expertise and innovation in intelligent manufacturing, digital transformation, and industrial AI.
Madiyev Zhaslan expressed a strong interest in industrial AI technologies of SUPCON, particularly their applications in intelligent and low-carbon facilities. He looks forward to exploring extensive collaboration with SUPCON across various sectors in Kazakhstan.
Cui Shan emphasized that as a leading industrial AI company with a global presence, SUPCON will leverage its technological advantages to meet Kazakhstan’s industry development requirements and trends, injecting new momentum into the country’s industrial digitalization.
In 2023, SUPCON established a subsidiary in Kazakhstan as its Central Asia regional headquarters and set up a localized operational system. SUPCON will continue to invest in the long-term development of the Central Asia region, contributing further wisdom and strength to the industrial digital transformation in Kazakhstan and beyond.
Photo – https://mma.prnewswire.com/media/2518470/image_5022684_18905906.jpg Photo – https://mma.prnewswire.com/media/2518471/1.jpg
View original content:https://www.prnewswire.co.uk/news-releases/kazakhstan-government-delegation-visited-supcon-302261857.html
-
Artificial Intelligence2 days agoCluePoints Launches Medical & Safety Review (MSR) Software to Revolutionize Clinical Data Review
-
Uncategorized2 days agoMC Digital Realty wins Frost & Sullivan’s 2024 Japan Data Center Services Company of the Year Award
-
Artificial Intelligence6 days agoEC-Council Unleashes AI-Powered Ethical Hackers on Cybercrime
-
Artificial Intelligence6 days agoHappiest Minds’ MD & CFO, Venkatraman Narayanan, recognized as the Leading CFO of the Year at the CII CFO Excellence Awards 2023-24
-
Artificial Intelligence6 days agoIBM and NASA Release Open-Source AI Model on Hugging Face for Weather and Climate Applications
-
Artificial Intelligence7 days ago
Hospital in Greenland chooses Sectra’s radiology solution–enhanced cross-country collaboration for improved patient care
-
Artificial Intelligence6 days agoSSCL partners with PolyAI to empower next-generation customer experience
-
Artificial Intelligence6 days agoBITBOT1000 Revolutionizes the Digital Market Landscape with AI-Driven Solutions
