In-Cabin Automotive AI Market size is estimated to reach $694.1 Million by 2026 | Research Informatic


Posted January 30, 2023 by Urmila01

The Global In-Cabin Automotive AI Market size is estimated to reach $694.1 Million by 2026, growing at a CAGR of 46% over the forecast period of 2021-2026.

 
The Global In-Cabin Automotive AI Market size is estimated to reach $694.1 Million by 2026, growing at a CAGR of 46% over the forecast period of 2021-2026. Automotive AI is an in-car sensing solution that gives you a deeper understanding of what's happening in your car. The software uses strategically placed cameras to recognize driver status, occupant status, and cabin status. This insight will help automakers improve safety features that meet Euro NCAP requirements and provide a more comfortable and personalized transportation experience.
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Key Market Players
Key Players in Global In-Cabin Automotive AI Market consist of Visteon Corporation, Renesas Electronics Corporation, Ambarella, QUALCOMM Incorporated, Seeing Machines Limited, Eyeris, Aptiv plc, ZF Friedrichshafen AG, Eyesight Technologie, NXP Semiconductors N.V., Valeo, Denso Corporation, Faurecia, Robert Bosch GmbH, Hyundai Mobis, among others.

Key Takeaways from Global In-Cabin Automotive AI Market Report:
• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for products, applications and by different industry verticals. Understand the different dynamics influencing the market – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes.
• Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past 4 years.
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than the top 20 countries globally for the market.
Market Dynamics
Driver:
Expansion of Automobile Manufacturing Operations drives the market demand
The thriving automotive industry offers favorable growth opportunities for the global growth of the in-cabin automotive AI market. Increased vehicle production will increase demand for components of in-cabin AI systems and impact market growth. Emerging countries such as China, Japan and South Korea investing heavily to build plants in different locations. In addition, measures have been taken to introduce advanced technologies such as in-car to maximize safety, which is expected to support the AI in-car market's growth.

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Challenge:
Cost Influence set to limit the market growth.
The in-cabin automotive AI involves various components, such as infrared LED detectors, CCD cameras, etc. The driver monitoring system also uses flashlights and warning sounds to alert the drivers. These are extremely advanced components, the installation of which ultimately will increase the price of the final product. It acts as a major hindrance to adopting the in-cabin automotive AI market. Moreover, the high price of this vehicle restricts its adoption to the top luxury brands such as BMW, Lexus, Cadillac, etc.

Report Coverage and Scope
The report "Global In-Cabin Automotive AI Market" by Research Informatic covers an in-depth detailed analysis for the following segment, covered under the scope.
By Products
• Radar
• Camera
• Voice Assistant
• Smart Sensor
By Applications
• Occupant Monitoring Systems
• Driver Monitoring System
• Conversation Assistance
• Smart HVAC
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Geography
• North America
• Europe
• APAC
• RoW

TOC:
Chapter 1 In-Cabin Automotive AI Market Overview
1.1 Product Overview and Scope of In-Cabin Automotive AI
1.2 In-Cabin Automotive AI Market Segmentation By Product Type
1.2.1 Radar
1.2.2 Camera
1.2.3 Voice Assistant
1.2.4 Smart Sensor
TOC CONTINUED…
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Last Updated January 30, 2023