ESG AI Box Sensor for High Carbon Emission Industries Market 2024

Industry Size, Emerging Trends, Regions, Growth Insights, Opportunities, and Forecast By 2033

ESG AI Box Sensor for High Carbon Emission Industries Market by Application (Vehicle-to-Everything Communication, Telematics, and Infotainment), by Deployment Type (Private Cloud and Public Cloud), by Vehicle Type, and by Region – Global Share and Forecast to 2033

Region: | Format: Word, PPT, Excel | Report Status: Ongoing

Description

According to the Market Statsville Group (MSG), the Global ESG AI Box Sensor for High Carbon Emission Industries Market size is expected to grow at a CAGR of 37.1% during the forecast period (2024 to 2033). 

The innovation of Internet of Things technology in the automotive industry has had a huge impact on the world economy and global value chain function. The single largest transformative power of IoT lies in the enormous quantity of data generated by devices, which may be harvested to drive efficiencies and enhance value. IoT is, hence, a very important development for the rapid proliferation of connected cars. As they evolve, the disruptive potential of IoT will further transform the automotive and manufacturing sectors with computer systems.

Cloud-based applications form the cornerstones that interconnect vehicles with their surroundings organically. From infrastructure data and map data to data from other vehicles or third-party service providers, the cloud acts as the key location for accumulating and processing data. The data is designated, encapsulated, administered, prioritized, and disseminated in the cloud as information for vehicle systems at accurate receivers. A connected vehicle can enable data flow to and from the car. It can communicate with the cloud to offer numerous connected services such as navigation, infotainment, and telematics, among others, and can exchange information in real time with its surroundings.

Definition of the ESG AI Box Sensor for High Carbon Emission Industries

The ESG AI Box Sensor for High Carbon Emission Industries assists automotive companies in improving and maximizing the lifetime value of vehicles and transforming the customer experience. Using ESG AI Box Sensor, the OEMs and dealers collaborate work as it provides a comprehensive, aggregated, and connected view of customers, vehicles, and financial relationships. Also, the firms use this solution to improve lead qualification rates with enhanced lead management abilities and streamline operations with targets, agreements, and forecasts.

Global ESG AI Box Sensor for High Carbon Emission Industries Market Dynamics

Drivers: Changing Consumer Preferences Toward Advanced Vehicle Applications    

The overall automotive landscape has become very competitive for automotive manufacturers in the current scenario, thereby compelling them to devise different strategies to maintain their market share. To do so, automotive manufacturers are providing additional offerings in their vehicles to lure customers. An increase in the consumers' disposable income, especially in emerging nations, as well as an increased level of awareness, has further enhanced accelerated the interest of technologically savvy individuals for choosing car electronics. When buying any car, consumers gravitate toward its electronic features, including driver assistance, infotainment, and telematics more than the under-the-hood components. These consumer opinions have been one of the significant factors in augmenting the demand for in-car navigation systems. The ubiquitous habit of being technologically connected among the present generation has increased the demand for connected vehicles to provide users with real-time information and entertainment content. Consumers are seeking digital connectivity in cars for both pieces of knowledge as well as entertainment purposes.

Challenges: Legal Issues of HD Map

Maps form the core aspect of an automotive driving ecosystem by connecting consumers, mobility, and the Internet of Things (IoT). However, the maps employed by the drivers through a smartphone are inadequate for autonomous driving owing to low accuracy. Therefore, HD maps with centimeter-level accuracy have exhibited promising consequences by providing exact locations and services.

However, considering multiple aspects, such as land law, privacy issues on private properties, and problems with geographic names, hamper HD-maps’ overall adoption. Regarding the adoption of an autonomous vehicle, the regulations provided by the government are not very clear. Similarly, when it comes to HD maps, it is a colossal challenge as some countries worldwide regulate their geospatial data and even forbid its export. Since an autonomous vehicle consists of components such as LiDAR and a camera, the sensitivity increases as these components continuously scan the streets and see areas such as private driveways and lands. To protect people's privacy and follow government regulations, mandatory data encryption is necessary to prevent data leakage.

Scope of the Global ESG AI Box Sensor for High Carbon Emission Industries Market 

The study categorizes the ESG AI Box Sensor for the High Carbon Emission Industries market based on application, deployment type, and vehicle type area at the regional and global levels.

By Application Outlook (Sales, USD Million, 2019-2033)

  • Vehicle-to-Everything Communication
  • Telematics
  • Infotainment 
  • Integrated Head-Unit
  • Heads-Up Display
  • Operating Systems
  • Connectivity Modules
  • Automotive Sensors Integration
  • Digital Instrument Cluster

By Deployment Type Outlook (Sales, USD Million, 2019-2033)

  • Private Cloud
  • Public Cloud

By Vehicle Type Outlook (Sales, USD Million, 2019-2033)

  • Passenger Vehicles
  • Commercial Vehicles

By Region Outlook (Sales, USD Million, 2019-2033)

  • North America 
    • US
    • Canada
    • Mexico
  • Europe 
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific 
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa
    • Rest of MEA

Infotainment segment accounts for the largest market share by application

Based on the application, the market is divided into vehicle-to-everything communication, telematics, and infotainment. The infotainment segment accounted for the largest market share in the global ESG AI Box Sensor for High Carbon Emission Industries market. In-vehicle infotainment (IVI) is a combination of vehicular systems that provide information and entertainment to vehicle occupants via audio and video interfaces, touchscreen displays, voice commands, and button panels, among others.

With growing demands for the ultra-personalization of IVI systems, companies are now in the race to develop rich-in-features, high-performance processors, and versatile infotainment systems. The processor should be adequately integrated with a high degree of computing and intelligence inside the vehicle for an immersive IVI experience. Infotainment processors make it possible to combine many HD displays and incorporate ADAS functions with support for in-vehicle entertainment.

North America accounted for the largest market share by Region.

Based on the regions, the global market of ESG AI Box Sensors for High Carbon Emission Industries has been segmented across North America, Europe, the Middle East & Africa, South America, and Asia-Pacific. In 2022, the finalized North American share was approximately 35.21% of the global market. The North American market vastly depends upon the US as in the rest of the countries, such as Canada and Mexico, of the region adoption and development are quite slow. Hence, the adoption of cloud services for automotive applications in this region is not meeting its standards.

Numerous automotive OEMs, such as Volvo, Mercedes-Benz, Ford, and General Motors, have agreed to follow the NHTSA guidelines, highlighting the region’s demand for connected vehicles for enhanced safety. In collaboration with automotive OEMs and tier-1 manufacturers, numerous government policies and initiatives are among the biggest catalysts for the escalation of V2X communication in North America. For instance, the Colorado Department of Transportation started a pilot project, including testing of C-V2X on a 90-mile-long I-70 mountain highway in 2018.

Competitive Landscape: Global ESG AI Box Sensor for High Carbon Emission Industries Market 

The ESG AI Box Sensor for the High Carbon Emission Industries market is a significant competitor and extremely cutthroat in the sector and is using strategies including partnerships, product launches, acquisitions, agreements, and growth to enhance their positions in the market. Most sectors of businesses focus on increasing their operations worldwide and cultivating long-lasting partnerships.

Major players in the global ESG AI Box Sensor for High Carbon Emission Industries market are: 

  • Bosch
  • Continental
  • Ericsson AB
  • Airbiquity 
  • Verizon
  • Denso
  • Sierra Wireless
  • Tomtom International
  • Amazon 
  • LG Electronics
  • Blackberry Limited
  • Harman
  • Visteon Corporation
  • Telenav
  • Microsoft

Recent Developments 

  • In August 2020, The company also collaborated with Toyota Motor Corporation in developing a cloud platform for the accumulation, processing, and analysis of data from its vehicles for the enablement of security functions inside autonomous and connected.
  • In January 2020, Harman International presented the Harman Ignite Marketplace for a complete portfolio of cloud-based applications and services on the Harman Ignite Cloud Platform, which enables a connected, tailored driving experience.
  • In December 2019, Blackberry Limited announced that its QNX Neutrino Real-time Operating System, together with other BlackBerry QNX software products, would also be used in WM Motor third-generation SUVs.

Frequently Asked Questions

  • Key Issues Addressed
  • What is the market size and growth rate for different segmentations at a global, regional, & country level?
  • What is the customer buying behavior, key takeaways, and Porter's 5 forces of the market?
  • What are the key opportunities and trends for manufacturers involved in the supply chain?
  • What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
  • What and how regulations, schemes, patents, and policies are impacting the growth of the market?
  • How will existing companies adapt to the new change in technology?
  • The market player positioning, top winning strategies by years, company product developments, and launches will be?
  • How has COVID-19 impacted the demand and sales of in the market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
  • Who are the leading companies operating in the market? Also, who are the prominent startups that disrupt the market in coming years?
  • PUBLISHED ON: MARCH, 2024
  • BASE YEAR: 2023
  • FORECAST PERIOD: 2024-2033
  • STUDY PERIOD: 2019 - 2033
  • COMPANIES COVERED: 15
  • COUNTRIES COVERED: 24
  • NO OF PAGES: 288

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