Further, state of the art customizations are increasingly replacing traditional automotive platforms – a trend that is strengthening in the automotive industry. This is fueling the development of a large number of intelligent platforms covering in-vehicle experiences, supply chains, automotive sales and marketing, insurance tools, vehicle ecommerce and other applications – that are detailed in the report.

Organizations are adopting the merger and acquisition (M&A) route as a key strategy for acquiring AI skills, technologies, and relevant portfolios for leveraging organic and inorganic growth opportunities in the mobility market. Such initiatives are poised to create high potential for these acquirers, by helping them launch new AI services and increase their customer base.

Artificial Intelligence In The Automotive Industry – Acquisition Trends

The report includes an analysis of more than 60 deals with a detailed technology overview, deal amount, and the purpose of acquisition. The acquisitions listed in the report capture the intricate requirements of automotive sector to upgrade its value in the marketplace.

Our M&A analysis section offers a comprehensive view of the transactions in the automotive sector, spanning AI, machine learning, and deep learning technologies. The different target technology areas highlighted include intelligent vision systems, data analytics, cloud computing, AI hardware and software, localization, security and other related software stacks.

Some of the prominent deals observed include:

– Intel – Mobileye
– Analog Devices – OtoSense
– Baidu – xPerception
– Continental – Argus Cyber security
– Xilinx – Deephi
– Daimler – Torc
– Zurich Insurance – Brightbox
– Blackberry – Cylance
– DoorDash – IvI5
– WPCS International – DropCar
– Verizon – Telogis

Key Insights:
– Automotive suppliers are leading the AI acquisition trend with a focus on acquiring complementary skills such as computer vision, gesture recognition, and AI-based analytics.
– In terms of technology, computer vision has attracted the largest number of acquires due to its capabilities for object detection, classification, and semantic segmentation.
– AI-based data analytics, conversational AI, intelligent hardware and software solutions, and annotation techniques are the other key technology areas that are prominent in the acquisition trend.
– Acquirers are targeting AI companies for tuck-ins, business line expansion, and vertical and horizontal integration.
– Ford, Intel, and Baidu have made three acquisitions each for gaining AI technologies for the mobility market.
– Uber has made two acquisitions related to data-training capabilities.
– Acquisition trends suggest that automotive retail is undergoing a transformation, with dealers and automotive suppliers focusing on customer-centric solutions.

Key questions addressed in the report:
– What are the key trends driving AI adoption in the automotive industry?
How new business models are driving the need to acquire AI capabilities in the automotive industry?
– What is the span of M&A activity in the automotive value chain?
– How is the acquisition trend changing over the years?
– How are target companies leading the acquisition of different AI technologies in the US, Europe, Asia, and other regions?
– Who are the different acquirers actively involved in the acquisition scenario?
– What are the different AI technology capabilities acquired in the automotive space?
– How are the acquired AI capabilities such as computer vision, AI-based analytics, data training, and other technologies strengthening the portfolio of the acquirers?
– What are the post-acquisition scenarios for the major deals?
– What are the untapped technology areas that can be considered as potential targets in the future?

Global ADAS and Autonomous Driving Component Market Anticipated to Reach $66.23 Billion by 2030

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Segmentation based on component:
The hardware segment is expected to hold a market share of more than 50% during the forecast period and will grow at a CAGR of 10.7%. Even though most companies prefer hardware products like automated conveyor systems, lift trucks, automated racks, and robotic picking for implementing logistics automation, the need for capital investments is a major deterrent. As a result, some of them opt for software solutions instead, since they are easy to integrate and are cost-effective. This segment is expected to expand at a significant CAGR of 16.0%, the highest under this categorization. Moreover, as companies try to reduce their capital investments, tasks are likely to be handed over to third-party logistics automation service providers.

End use industry segment insights:
The exponential expansion of the e-commerce industry, expectations regarding swifter deliveries, and intense competition among market players are some of the major factors contributing to the growth of the logistics automation market. Thus, the e-commerce and retail segment is expected to be the highest growing end use industry in terms of logistics automation, expanding at a CAGR of 16.9% during the analysis period. By 2023, this segment is expected to hold a market share of more than 40%.

The online product delivery ecosystem and the growing preference for air transport are expected to result in a significant increase in the volume of air cargo in the coming years. To cope up, airports around the world are adopting logistics automation to increase their capacities (despite the limited availability of land), and to ensure error-free and safe handling of large volumes of freight.

Logistics automation also finds extensive applications in the food and beverage industry. The technology is well-suited for accurate product measurements, flawless packaging, and for performing tedious, repetitive tasks in tough environments like freezer warehouses.

Regional insights:
Europe and North America are mature markets, which dominated the global logistics automation sector with market shares of 33.6% and 29.2% respectively, in 2018. Most of the key players in the market are based in Europe. The logistics sector contributes significantly to the gross domestic product (GDP) of countries in Europe, make it a viable avenue for investments in automation. The logistics automation market in the Asia-Pacific and the Middle East and Africa regions are expected to exhibit higher growth in comparison to the other regions, owing to increasing investments in this sector and the presence of some significant players.

Companies covered:
– ABB
– Toyota Industrial Equipment
– KION
– Jungheinrich
– KUKA
– Daifuku
– Murata Machinery
– Beumer Group
– KNAPP
– System Logistics

The post Global Logistics Automation Market (2018-2023) Share, Scope, Revenue, Trends, Drivers, Challenges, Segmentation based on Component (Hardware, Software, Services) End Use Industry (E-commerce and retail, Automotive, Aerospace, Food and beverage, others) and Geography (North America, Asia Pacific, The Middle East and Africa, Europe and Latin America) first appeared on CRI Report.

Segmentation based on type:
The fruits, vegetables, and grains segment will hold the largest market share during the analysis period, and is anticipated to expand at a significant CAGR of 17%. The products in this category form the basis for many secondary food items and are a major chunk of people’s staples. These factors enable this segment to hold pole position in terms of market share. The growth can be attributed to the rapid increase in agricultural land, globally. Livestock products like meat, eggs, and dairy are the second-largest source of pesticide intake. On the contrary, the organic versions of these products have various nutritional benefits, making them the preferred versions for people who can afford them.

Distribution channel segment insights:
Individual customers are the bulk of the customer base, with the rest accounted for by restaurants. Supermarkets are the most preferred distribution channel for organic food products, mainly due to their ability to allocate higher advertising budgets, extensive product stocks, and investments in advanced storage facilities.

Since it is a niche market, all-organic specialty stores play a vital role in the development of the market. Their focus on all-organic product lines, and the ability to give recommendations and enhanced insights are some of the qualities that customers appreciate. Also, they exclusively sell organic food products, which helps them attract new customers.

E-commerce has witnessed exponential growth in recent years since millennials find this channel to be the most convenient mode of purchase. This has led to the emergence of numerous grocery e-commerce websites and mobile applications. These players will help in the expansion of the organic food products market, since customers who live in remote areas and away from stores can access these products.

Regional insights:
North America and Europe are mature markets that dominated the global organic food products sector with market shares of XX% and XX% respectively, in 2019. Moreover, most of the key players in the market are based in these regions. The organic food products market in the Latin America and Asia-Pacific region are expected to exhibit higher growth rates in comparison to the other regions, owing to the abundant availability of organic farmlands, and high production volumes. Moreover, customers’ changing tastes, primarily because of a higher number of millennials, is expected to influence purchase preferences in favor of organic food products.

Companies covered:
– Hain Celestial Group
– General Mills
– Danone
– Coca-Cola
– PepsiCo
– Nestle
– Campbell Soup Company
– Tyson Foods
– Cargill

The post Global Organic Food Products Market (2019-2024) Share, Scope, Revenue, Trends, Drivers, Challenges, Segmentation based on Product Types (Fruits, Vegetables and grains, Dairy, Beverages, Ready-to-eat, Meat and eggs, Others) Distribution channel (Supermarkets, Speciality stores, E-commerce, others) and Geography (North America, Asia Pacific, The Middle East and Africa, Europe and Latin America) first appeared on CRI Report.