Japan Automotive AI Market

Plastic Optic Fiber Market Report Thumbnail

Japan Automotive AI Market by Component (Hardware, Software, and Services), by Technology (Machine Learning & Deep Learning, Computer Vision, and Natural Language Processing), and by Application (Semi-Autonomous and Fully Autonomous) - Opportunity Analysis and Industry Forecast, 2024–2030

Industry: Automotive & Transportation | Publish Date: 05-Apr-2024 | No of Pages: 101 | No. of Tables: 71 | No. of Figures: 36 | Format: PDF | Report Code : N/A

  • Facebook
  • Linkedin
  • Whatsapp

Market Definition

The Japan Automotive AI Market size was valued at USD 291.7 million in 2023, and is predicted to reach USD 1972.8 million by 2030, at a CAGR of 31.4% from 2024 to 2030. Automotive Artificial Intelligence, or Automotive AI, refers to the application of machine learning and artificial intelligence technologies in the design, development, and operation of vehicles and related systems within the automotive industry. Automotive AI consists a wide range of applications, including autonomous driving, advanced driver assistance systems (ADAS), predictive maintenance, natural language processing for in-car voice recognition, and improving the overall efficiency and safety of vehicles. This technology enables vehicles to perceive their surroundings, make decisions, and interact with drivers and passengers. This further enhances the driving experience, safety, and efficiency of automotive systems.

Increasing Demand for the Electric Vehicles is Driving the Growth of the Market

The surging demand for electric vehicles (EVs) is significantly driving the automotive landscape. Also, the integration of artificial intelligence (AI) is playing a pivotal role in optimizing various sides of electric vehicle technology. AI is at the forefront of battery management, where advanced algorithms monitor and predict battery health, ensuring longevity and reliability. Additionally, machine learning is harnessed to enhance the energy efficiency of EVs, optimizing power usage and improving range prediction accuracy. The optimization of charging infrastructure, personalized user experiences through natural language processing and voice recognition, and the implementation of predictive maintenance contribute to a seamless and efficient electric vehicle ownership experience. As the automotive industry continues to transition towards sustainability, the synergy between AI and electric vehicles is driving innovations that not only meet environmental goals but also elevate the overall performance and user satisfaction within the electric vehicle market.

 

Growing Integration of IoT in Automotive Industry is Boosting the Market Expansion

The seamless integration of the Internet of Things (IoT) into vehicles stands as a pivotal factor propelling the adoption of artificial intelligence (AI) in the automotive sector. In the contemporary automotive landscape, vehicles are equipped with an array of sensors and connected devices, generating vast streams of real-time data on performance, environmental conditions, and user interactions. The IoT facilitates the interconnectedness of these devices, enabling them to share and communicate data efficiently. Leveraging AI, these connected vehicles can process and analyze the copious amounts of data, offering transformative benefits such as predictive maintenance, advanced driver assistance systems (ADAS), personalized in-car experiences, and optimized traffic management.

 

Data Privacy and High Cost Associated with Automotive AI Restrains the Market Growth

The expansion of the automotive AI market is facing impediments due to shared challenges, encompassing data privacy concerns and elevated costs. Consumers are expressing apprehension regarding the collection, utilization, and protection of their personal data by AI systems in vehicles, leading to increased demands for rigorous data privacy measures. Furthermore, the substantial expenses associated with the development and integration of AI in vehicles can contribute to elevated vehicle prices, potentially restricting market adoption, particularly among cost-conscious consumers. Achieving a delicate balance between addressing data privacy apprehensions and managing costs is imperative for fostering widespread acceptance and facilitating the growth of automotive AI technologies.

The Rising Prevalence of Advanced Driver Assistance Systems (ADAS) Create Opportunities for the Market

Advanced Driver Assistance Systems (ADAS) represent a pivotal aspect of automotive safety and convenience, employing sensors and cameras to enhance driving experiences. The integration of artificial intelligence (AI) into ADAS plays a crucial role in transforming these systems into intelligent, responsive mechanisms. AI algorithms, powered by machine learning, analyze real-time data from sensors, enabling features such as adaptive cruise control, lane-keeping assistance, and automatic emergency braking. The future opportunity in this domain lies in the continuous refinement of ADAS functionalities through advancements in AI, promising improved accuracy, responsiveness, and a broader range of capabilities. As the automotive industry continues its pursuit of safer and more efficient driving, the integration of AI into ADAS stands at the forefront, paving the way for the development of increasingly sophisticated and reliable driver assistance technologies. The growing demand for enhanced safety features and regulatory emphasis on advanced technologies in vehicles underscore the immense potential for the automotive AI market within the ADAS segment.

 

Competitive Landscape

The market players operating in the Japan automotive AI market include NVIDIA Corporation, Alphabet, Inc., Intel Corporation, Microsoft Corporation, IBM Corporation, Qualcomm, Inc., Tesla, Inc., BMW AG, Micron Technology, Xilinx, Inc.

Japan Automotive AI Market Key Segments

By Component

  • Hardware

  • Software

  • Services

By Technology

  • Machine Learning & Deep Learning

  • Computer Vision

  • Natural Language Processing

By Application

  • Semi-Autonomous

  • Fully Autonomous

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 291.7 Million

Revenue Forecast in 2030

USD 1972.8 Million

Growth Rate

CAGR of 31.4% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Increasing demand for the electric vehicles.

  • Growing Integration of IoT in Automotive Industry.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

KEY PLAYERS

  • NVIDIA Corporation

  • Alphabet, Inc.

  • Intel Corporation

  • Microsoft Corporation

  • IBM Corporation

  • Qualcomm, Inc.

  • Tesla, Inc.

  • BMW AG

  • Micron Technology

  • Xilinx, Inc.

Bar chart Pie chart Pie chart

Frequently Asked Questions

The key market players operating in the Japan automotive AI market are NVIDIA Corporation, Alphabet, Inc., Intel Corporation, Microsoft Corporation, IBM Corporation, Qualcomm, Inc., Tesla, Inc., BMW AG, Micron Technology, Xilinx, Inc.

According to the Next Move Strategy Consulting, the size of the Japan automotive AI market is estimated to be at USD 1972.8 Million in 2030.

Key applications of AI in the automotive industry include autonomous driving, predictive maintenance, natural language processing for in-car virtual assistants, image and speech recognition, and optimization of manufacturing processes.

Key challenges are the data privacy and high cost associated with automotive AI.

According to the Next Move Strategy Consulting, the size of the Japan automotive AI market is estimated at USD 291.7 Million in 2023.

Download Free Sample

Please Enter Full Name

Please Enter Valid Email ID

Please enter Country Code and Phone No

Please enter message

popular
$2,575
$1,575
$3,874
$2,975

This website uses cookies to ensure you get the best experience on our website. Learn more