In-Vehicle AI Robot Market Trends and Forecast
The future of the global in-vehicle AI robot market looks promising with opportunities in the passenger car and commercial vehicle markets. The global in-vehicle AI robot market is expected to reach an estimated $76 million by 2030 with a CAGR of 14.2% from 2024 to 2030. The major drivers for this market are rising consumer demand for convenience, increased demand for safety features, and growth in connected car technologies.
• Lucintel forecasts that level 2 & 3 is expected to witness higher growth over the forecast period.
• Within this market, passenger car is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the In-Vehicle AI Robot Market
• United States: Tesla announced the development of AI robots for autonomous vehicles, with a goal to achieve full self-driving capability by 2025.
• China: Baidu unveiled its Apollo AI robot platform for autonomous cars, with government support to integrate AI in public transportation by 2030.
• Germany: Volkswagen partnered with Bosch to develop AI-driven in-vehicle assistants, aiming to enhance driver safety and convenience features by 2024.
• Japan: Toyota launched an initiative to incorporate AI robots in its new electric vehicle lineup, supported by government incentives for advancing autonomous driving technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
In-Vehicle AI Robot Market by Segment
The study includes a forecast for the global in-vehicle AI robot market by type, application, and region.
In-Vehicle AI Robot Market by Type [Value from 2018 to 2030]:
• Level 2 & 3
• Level 4 & 5
In-Vehicle AI Robot Market by Application [Value from 2018 to 2030]:
• Passenger Cars
• Commercial Vehicles
• Others
In-Vehicle AI Robot Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of In-Vehicle AI Robot Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies in-vehicle AI robot companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the in-vehicle AI robot companies profiled in this report include-
• Tesla
• Porsche
• Motional
• Refraction AI
• Optimus Ride
• Waymo
• AutoX
• Bosch
• Morris Garage
• Nauto
Recent Development in the In-Vehicle AI Robot Market
• Tesla: Tesla is pushing the boundaries of autonomous driving with its AI robot project, which focuses on achieving full self-driving capabilities. The company aims to integrate AI robots into all its vehicles by 2025, enhancing safety and efficiency.
• Baidu: Baidu has launched the Apollo AI robot platform, designed to power autonomous vehicles. The initiative, supported by the Chinese government, aims to integrate AI into public transportation systems by 2030, making transportation safer and more efficient.
• Volkswagen: Volkswagen has partnered with Bosch to develop AI-driven in-vehicle assistants. These AI robots are designed to enhance driver safety and convenience by providing advanced driver assistance systems (ADAS). The goal is to implement these features in new models by 2024.
• Toyota: Toyota has launched an initiative to incorporate AI robots into its new electric vehicle lineup. Supported by government incentives, this project aims to advance autonomous driving technologies and enhance in-vehicle experiences for drivers and passengers.
• Hyundai: Hyundai announced a partnership with Motional to develop AI robots for autonomous vehicles. This collaboration focuses on creating a fleet of self-driving taxis, with plans to begin commercial operations in major cities by 2023.
Features of the Global In-Vehicle AI Robot Market
Market Size Estimates: In-vehicle AI robot market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: In-vehicle AI robot market size by type, application, and region in terms of value ($M).
Regional Analysis: In-vehicle AI robot market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the in-vehicle AI robot market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the in-vehicle AI robot market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the in-vehicle AI robot market size?
Answer: The global in-vehicle AI robot market is expected to reach an estimated $76 million by 2030.
Q2. What is the growth forecast for in-vehicle AI robot market?
Answer: The global in-vehicle AI robot market is expected to grow with a CAGR of 14.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the in-vehicle AI robot market?
Answer: The major drivers for this market are rising consumer demand for convenience, increased demand for safety features, and growth in connected car technologies.
Q4. What are the major segments for in-vehicle AI robot market?
Answer: The future of the in-vehicle AI robot market looks promising with opportunities in the passenger car and commercial vehicle markets.
Q5. Who are the key in-vehicle AI robot market companies?
Answer: Some of the key in-vehicle AI robot companies are as follows:
• Tesla
• Porsche
• Motional
• Refraction AI
• Optimus Ride
• Waymo
• AutoX
• Bosch
• Morris Garage
• Nauto
Q6. Which in-vehicle AI robot market segment will be the largest in future?
Answer: Lucintel forecasts that level 2 & 3 is expected to witness higher growth over the forecast period.
Q7. In in-vehicle AI robot market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the in-vehicle AI robot market by type (level 2 & 3 and level 4 & 5), application (passenger cars, commercial vehicles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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