Title: Automotive Smart Assistant Market - Forecast(2021 - 2026)
1Automotive Smart Assistant Market - Forecast(2021
- 2026)Market size, Industry outlook, Market
Forecast, Demand Analysis, Market Share, Market
Report 2021-2026
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- The global market for automotive smart assistant
is forecast to reach 12.5 billion by 2026,
growing at CAGR 8.6 from 2021 to 2026. The
market growth is mainly driven by the factors
including technological development and
increasing investments in artificial intelligence
(AI) machine learning (ML) and wide adoption of
IoT. -
- Furthermore, in-vehicle smart assistant systems
can be integrated into other ecosystems such as
home automation, smart-phones, tablets,
computers, laptops and others and increases the
security level. These features are set to boost
the growth of automotive smart assistant
industry. Various car makers including Audi, BMW,
Hyundai, Toyota, Honda, Nissan, Ford and others
have incorporated intelligent virtual assistant
technology into their vehicles.
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Key Takeaways
- Integrated automotive smart assistant market will
register the fastest growth in the forecast
period, as most of the automotive manufacturers
integrate this technology into their vehicles. - North America dominated the market by a market
share of more than 35 in 2020 due to the early
adoption of this technology and the presence of
technologically advanced research institutes
working for the development of AI technologies.
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- By Distribution Channel- Segment Analysis
- Based on type, automotive smart assistant market
is segmented into integrated and plug-in type.
Integrated automotive smart assistant is the
fastest growing segment in this market and
estimated to grow at a CAGR of 10.3 during the
forecast period 2021-2026.Passenger vehicle
market held the largest market share of 29.3 and
is anticipated to grow at CAGR 9.5 during the
forecast period 2021-2026. On the basis of
vehicle type, this market is segmented into
passenger vehicles and commercial vehicle.
Passenger vehicle market held the largest market
share of 29.3 and is anticipated to grow at CAGR
9.5 during the forecast period 2021-2026.
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- Automotive Smart Assistant Market
- Industry Outlook
- Continental AG
- Google, LLC
- Apple Inc.
- Amazon.com, Inc.
- BMW AG
- IBM Corporation
- Groupe PSA
- Alibaba Group Holding Limited
- Microsoft Corporation
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Automotive Smart Assistant Market - Forecast(2021
- 2026)Learn More About the Report _at_
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ve-smart-assistant-market.html
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- Analyst Briefing
- Data Tables
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