AI & IoT

Artificial Intelligence (AI) Computer systems and software that are able to perform tasks normally requiring human intelligence. Internet of Things (IoT / IIoT) - Network of physical devices embedded with electronics & software resulting in reduced human exertions in industrial and domestic applications.

Global IIoT Market in the Automotive Industry 2017-2021- Adoption of Virtual Reality Drives Growth

The decreasing cost of sensors is one of the key drivers for the IIoT market.

22-Oct-2018
Global IIoT Market in the Automotive Industry 2017-2021- Adoption of Virtual Reality Drives Growth
According to the research report by Technavio on the global IIoT market in the automotive industry, the market is expected to accelerate at a CAGR of more than 33% during the forecast period. The decreasing cost of sensors is one of the key drivers for the IIoT market.

This research report titled ‘Global IIoT Market in the Automotive Industry 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

The report on the global IIoT market in the automotive industry categorizes the market into the following solutions:
  • Hardware and software 
  • Services 

In 2016, the hardware and software segment accounted for over 89% of the IIoT market share and is projected to dominate the market throughout the forecast period.

Global IIoT market in the automotive industry: Top emerging trend
The adoption of virtual reality in the automotive industry is an emerging trend in the IIoT market. Virtual reality has witnessed rapid development in the last decade. The automotive industry has widely adopted VR owing to the prospect of cost and time reductions resulting from the execution of this technology. The benefits of VR in manufacturing range from the improvement of decision-making process to cost reduction and augmentation of risk measures and control of manufacturing processes. VR allows the assembly and disassembly of virtual objects in assembly training. The visual stimulation provided by VR has more chances of retention among the trainees than that of traditional training approaches.

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Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report
  • Market Outline 
  • Global IIoT market in the Automotive Industry Overview 

Market Insights
  • Market Sizing and Forecasts 
  • Market Growth 
  • Market Drivers and Challenges 
  • Key Emerging Trends 

Market Segmentation Analysis
  • Regional comparison (APAC, Americas, and EMEA) 
  • Key leading countries 
  • Market segmentation by application (manufacturing operations, production asset management and maintenance, and inventory and supply chain management) 
  • Market segmentation by solution (hardware and software and services) 

Vendor Landscape
  • Vendor classification 
  • Market positioning of vendors 
  • Competitive scenario 
  • Analysis of top vendors (Cisco, HCL, IBM, and PTC)

Artificial intelligence to drive digital transformation amongst APAC telcos

Majority of telcos in the Asia-Pacific (APAC) region are integrating AI tools and platforms into their existing business processes

Deloitte Launches Smart Factory Fabric on Amazon Web Services

New cloud-based smart factory applications built on AWS help companies improve operational performance and reduce costs

Mark Sheldon appointed CTO of the Sidetrade Group

This appointment corresponds to the Group’s accelerated international development strategy

Consumer confidence remains low as companies look to provide a human touch

Now more than ever, businesses will be focussing on providing a seamless digital customer experience, optimising customer engagement

Eurotech Integrates Infineon TPM to Enable End-to-End Security from IoT Edge Gateways to the Cloud

Eurotech teams up with Infineon to offer utmost protection of IoT Edge solutions

Three Ways AI Makes Procurement Smarter

New artificial intelligence (AI) solutions make contract writing and auction management smarter and easier.

If AI could feel, it would fear cyber attacks from people

New report from EU research group says attacks against AI systems are already occurring, difficult to identify, and potentially far more common

Dematic presents The Future of Intelligent Logistics at IMHX 2019

Step into the future of intelligent logistics on stand TL4 at IMHX 2019

ERM Advanced Telematics Enters the IoT market

New Sensing Solutions Designed to Monitor and Track Assets

FuturMaster launching a new AI-powered forecasting software

The new solution will help manufacturers and retailers launch new products more successfully

Artificial Intelligence: a disruptive force in the UK financial services sector

AI is seen as tech disruptor frontrunner but firms are hindered by a skills shortage

Digital Transformation of Oil and Gas: Industry Experts from over 30 Countries meet in Amsterdam

Implico shows how to benefit from digital change at “IIoT and Digital Solutions for Oil & Gas 2019”

Manhattan Associates Unveils Native IoT Support to Solve the Retail Industry’s Biggest Omnichannel Store Fulfillment Dilemma

New solution supports native RFID to increase store inventory accuracy and improve order picking speed

Atos enforces security of IoT ecosystems with new dedicated Hardware Security Module

A high-performance security device designed to protect IoT ecosystems through cryptographic features

Strategic Partnership to provide IIoT and Artificial Intelligence for Industry Manufacturers

Elisa Smart Factory and NVision Czech Republic partner to provide IIoT and Artificial Intelligence for industry manufacturers

Toyota Material Handling Europe presents future logistics vision with Microsoft

Toyota Material Handling showed a first preview of its future logistics vision at the Microsoft booth: 'A.I.TeamLogistics'

ignio™ Wins Artificial Intelligence Excellence Award

Digitate’s Cognitive Automation Software Recognized for its Contextual Awareness and Ability to Reason

DataArt partners with MHS to build innovative AI-powered predictive maintenance system for conveyors

Store, analyze and visualize data, detect anomalies and trigger alerts from conveyor equipment

Asian manufacturing and logistics sectors power ahead with IoT adoption despite some concerns

New report reveals the readiness of Asian manufacturers and supply chain enterprises in the adoption of innovation in the IIoT

Tessco Announces Distribution Agreement with IoT Solutions Leader Digi International

The breadth and scale of the Digi IoT portfolio make them a strategic manufacturer. Tessco continues its endeavour to be the leading IoT Distributor

Royal Swaziland Sugar Corporation Leverages SAP Leonardo IoT for Harvesting Logistics

SAP Co-Innovation Lab & long-time SAP partner Britehouse enabled the RSSC to digitalize the management of its vehicle fleet

JDA Showcases Powerful Luminate Portfolio Built on Microsoft Azure at Hannover Messe

Imagine your supply chain could capitalize on big data, use AI/ML capabilities and a digital control tower to predict real-world behaviors

New Collaboration Between Deloitte France and Dataiku to Bring Companies Toward Enterprise AI at Scale

Deloitte France has announced a new partnership with Dataiku, aiming at transforming the consulting field and solidifying the path to Enterprise AI

The future of AI for the food and drink supply chain

The hype around AI has continued to soar during the beginning of 2019

Noodle.ai Partners with NFI to Bring Artificial Intelligence to the Transportation and Distribution Industries

Leading Enterprise Artificial Intelligence® provider, Noodle.ai, and leading supply chain solutions provider, NFI, announced their partnership

PTC Fuels Leadership Momentum in Industrial IoT with New Manufacturing Workforce Productivity Solution

Latest Release of ThingWorx Introduces Operator Advisor; Enhances Data Sourcing, Analysis, Visualization, and Security

From Sensor to Business Value: Bringing Intelligence to the Enterprise with SAP Leonardo IoT

At this point, we all know that the Internet of Things (IoT) for the enterprise is based on data generation for the business.

Western Digital and WekaIO Collaborate on NVMe Flash Platforms and Object Storage

Western Digital Capital Makes Strategic Investment in WekaIO to Accelerate NVMe Adoption for Data-centric Enterprise Workloads

Gartner Survey Shows 37% of Service Leaders Are Piloting or Using AI Bots and Virtual Customer Assistants

Gartner Research Reveals What Technologies are Truly Having an Impact on Service Organizations Worldwide

Fluid Power 4.0 Smart IIoT-enabled Fluid Power Solutions Create New Business Models & Investment Opportunities

IIoT Ensures the Survival of the Fluid Power Industry Against Encroachment from Electric Drives

Capgemini to enter into a partnership with IDEMIA

Capgemini to enter into a partnership with IDEMIA for the launch of a secure IoT device management platform

Inmarsat and Microsoft Azure IoT join forces to deliver cloud services via satellite

New collaboration brings global access to Microsoft Azure IoT cloud services via satellite connectivity

The Food & Beverage Industry Increasingly Adopts IIoT to Enable End-to-end Traceability in the Supply Chain

Big Data Analytics and AI to find significant application opportunities with greater digitization of the industry, finds Frost & Sullivan

People First: How to Gain a Leading Edge in AI and the Production of Tomorrow

We must ensure that smart machines work to serve humans, rather than compete with them.

The State of Artificial Intelligence by Reply – an Insight powered by SONAR

Digital transformation specialist Reply has today released the results of its research on The State of Artificial Intelligence in the media. For the f

Tinyclues Leads AI-first Transformation of Retail Marketing

Retailers using AI have measured on average 79% higher campaign revenue and a 51% increase in customer engagement

Konecranes adopts IoT technology to bridge virtual and real worlds using Siemens' digital innovation platform

Konecranes has implemented the Siemens digital innovation platform to accelerate its product development process

Showcasing Leading AI and ML Solutions, JDA Predicts “What’s Next in Retail”

JDA will showcase how AI/ML helps retailers reimagine customer experiences featuring RaceTrac, bonprix and Morrisons

Best practice for Successful IoT Implementations to optimise your supply chain

Lora Cecere’s Supply Chain 2020 study, the Internet of Things (IoT) was considered one of two disruptive technologies

Bosch extends its position as a leading IoT company

IoT and AI: “Only with the help of artificial intelligence will we be able to unleash the full potential of the IoT.”

AAIH Sponsoring Panel at Biotech Showcase as Part of Official AAIH Launch

Alliance for Artificial Intelligence in Healthcare is sponsoring a panel discussion open to the public, titled "The Future of AI-Powered Healthcare"

Italian AI Rethinks Products and Services Making Them AI-centric

CES Innovation Award Winning Volta to Showcase its Service Offerings at CES 2019

Dataiku Raises $101 Million Series C to Transform and Democratize Enterprise AI Globally

ICONIQ Capital leads the largest investment in Enterprise AI to date

SAP and Software AG Launch Joint Platform for Smart Cities

SAP and Software AG announced today that they will be cooperating on the development of an open Smart City platform.

TDK Showcases Solutions for Automotive, AR/VR, IoT, Mobile and Wearables at CES 2019

Solutions are showcased in real-world applications such as AR/VR, automotive, drones, sound systems, wearables and more.

Avnet Adds Software and Artificial Intelligence to Ecosystem and Bolsters IoT Capabilities

Positions Avnet as the premier provider for AI, IoT and digital data platform solutions

Siemens Healthineers Debuts AI-Rad Companion Chest CT Based on New AI-Rad Companion Platform

AI-based software assistant enables automated enhanced visualization of CT images of the lungs, heart, and aorta