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Benefits of Automotive Artificial Intelligence in the Transportation Industry

Automotive artificial intelligence is used for improving the efficiency and functionality of vehicles with the integration of advanced technologies. The growing popularity of autonomous vehicles is one of the primary factors driving the growth of the automotive artificial intelligence market. The increasing demand for premium segment vehicles is creating lucrative business opportunities for the players operating in the market to gain a strong customer base and generate more revenues.

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Growing adoption of ADAS, government regulations regarding vehicle safety, and rising trends for self-driving vehicles are the major factors that would drive the growth of the automotive artificial intelligence market. However, increasing vehicle costs and data privacy concerns are acting as a major restraining factor in the market. The major challenge faced by automotive manufactures is maintaining the balance between cost and quality.

The report also includes the profiles of key automotive artificial intelligence companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. - Argo AI - Automotive Artificial Intelligence (AAI) GmbH. - BrainChip Holdings Ltd. - IBM Corporation - Intel Corporation - Nuance Communications, Inc. - NVIDIA Corporation - Otto Motors (Clearpath Robotics, Inc.) - Tesla - Waymo LLC

The global automotive artificial intelligence market is segmented on the basis of offering and application. On the basis of offering the market is segmented as hardware and software. On the basis of application the market is segmented as ADAS, autonomous vehicles, manufacturing, others.

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Top Prominent Players in Heavy Duty Truck Electrification Industry?

The heavy duty truck electrification market accounted to US$ 8.28 Bn in 2018 and is expected to grow at a CAGR of 14.3% during the forecast period 2019 – 2027, to account to US$ 25.5 Bn by 2027

The global heavy duty truck electrification market by component is segmented into electric pumps, electric power steering, liquid heater, electric air conditioner compressor, actuator, alternator, and others. The electric power steering segment dominated the heavy duty truck electrification market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027.

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Geographically, the heavy duty truck electrification market is segmented into North America, APAC, Europe, MEA, and SAM. Asia Pacific led the heavy duty truck electrification market in 2018 with a significant market share and is anticipated to continue its dominance in the coming years to during the forecast period. The government bodies of India and China has implemented a proposal wherein they would catalyze the company costs on the production of electric vehicles, which reduces the emission substantially. The government is offering to invest hugely to scale up EV production and sales.

Global Heavy duty truck electrification Market - Company Profiles

Aisin Seiki Co.Ltd.

Borgwarner Inc.

Continental AG

Delphi technologies PLC

Denso corporation

Magna International Inc

Mitsubishi Motors Corporation

Robert Bosch GmbH

Schaeffler Technologies AG & Co. KG

ZF Friedrichshafen AG

North America is the second-largest market in the heavy duty truck electrification market. Apart from APAC and North America, Europe remains at the third-largest geographic segment in the heavy duty truck electrification market. Some of the major truck manufacturers in Europe have been testing electric delivery trucks that would be commercialized in the coming years. These electric delivery trucks are driven with better driver comfort, the lower total cost of ownership, tightening CO2 regulations, and better air quality action in cities. The implementations of electric vehicles have witnessed at a rapid pace in the European region.