Market Overview:
MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the In-Cabin Automotive AI (Artificial Intelligence) Market, The Global In-Cabin Automotive AI (Artificial Intelligence) Market is projected to grow at a CAGR of around 40% during the forecast period, i.e., 2022-27. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the In-Cabin Automotive AI (Artificial Intelligence) Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.
Industry Outlook Forecasts:
- Forecast Period: 2022-2027
- CAGR (2022-2027): 40%
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Global In-Cabin Automotive AI (Artificial Intelligence) Market Segmentation Breakdown:
The In-Cabin Automotive AI (Artificial Intelligence) Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Application
- Occupant Monitoring System
- Driver Monitoring System
- Conversation Assistance
- Smart HVAC
- Others
The driver monitoring system helps improve driver safety by monitoring analyzing their behavior in real-time and ensuring they are focused on the road.
- By Product
- Radar
- Camera
- Voice Assistant
- Smart Sensor
- Others
Cameras are used extensively for parking assist, lane assist, auto braking, and intelligent headlight adjustments. The monitoring system includes a Charge-Coupled Device (CCD) camera to track the driver's eye.
- By Level of Automation
- Level 0
- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
- By Vehicle Price Category
- Budget (Up to USD30,000)
- Economy (USD30,001 to USD 50,000)
- Premium (Above USD50,000)
Geographical Growth Insights:
By Region
- North America
- South America
- Europe
- Asia-Pacific
Of them all, Europe grabbed a significant share in the Global In-Cabin Automotive AI Market during 2017-21.
MarkNtel Advisors Highlights Key Market Drivers for In-Cabin Automotive AI (Artificial Intelligence) Market:
- Increasing demand for personalized customer experience.
- Burgeoning demand for autonomous vehicles
- Rising safety concerns associated with car driving
A Comprehensive Analysis of Leading Companies in Global In-Cabin Automotive AI (Artificial Intelligence) Market
- Visteon Corporation
- Ambarella, Inc.
- Eyeris Technologies, Inc.
- Seeing Machines Limited
- Cipia Vision Ltd.
- Valeo SA
- Faurecia SE
- Robert Bosch GmbH
- Hyundai Mobis
- Denso Corporation
- NXP Semiconductors N.V.
- ZF Friedrichshafen AG
- Aptiv PLC
- Qualcomm Inc.
- Renesas Electronics Corporation
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Global In-Cabin Automotive AI (Artificial Intelligence) Market Growth Challenges:
- High cost of installing components like CCD cameras and infrared LED detectors
- Shortage of proper infrastructure
- Complex design issues
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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 80+ 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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