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Vehicle Emotional Intelligence Market Share

Report ID: GMI11325
Published Date: Sep 2024
Report Format: PDF

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Vehicle Emotional Intelligence Market Share

Bosch and Kia hold a market share of around 15% in the vehicle emotional intelligence industry in 2023. Bosch and Kia are advancing in the vehicle emotional intelligence industry by leveraging their strengths. Bosch focuses on developing advanced sensors and hardware to monitor driver behavior and emotions, investing in technologies like facial recognition cameras and voice analysis microphones. Kia integrates emotional intelligence features into their vehicles to enhance the driving experience, adapting settings for comfort and safety. They collaborate with tech companies and invest in proprietary innovations to refine their systems.

The competitive landscape is dynamic, with established technology companies, automotive manufacturers, specialized tech providers, and startups all contributing to the growth and innovation in the market. Many market players are forming strategic partnerships to combine expertise in AI, automotive systems, and user experience.

Vehicle Emotional Intelligence Market Companies

Major players operating in the vehicle emotional intelligence industry are:

Affectiva
Antolin
AVATR Technology
BMW AG
Robert Bosch GmbH
Cerence
Eyeris AI
Forvia
Harman International
Kia Corporation

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of vehicle emotional intelligence reached USD 1 billion in 2023 and is set to grow at 16.5% CAGR from 2024 to 2032, led by rising demands for passenger safety, advanced infotainment systems, and the adoption of connected vehicles.

The software segment accounted for over 60% of the market share in 2023 and is expected to surpass USD 2.5 billion by 2032, due to the crucial role software plays in processing data from sensors, integrating with vehicle systems, and providing real-time emotional intelligence insights.

North America held over 35% revenue share in 2023, owing to the region's demand for advanced features in vehicles, along with a strong R&D infrastructure.

Key players include Bosch, Kia Corporation, Affectiva, Cerence, BMW AG, Antolin, Forvia, Harman International, Eyeris AI, and AVATR Technology. Bosch and Kia hold around 15% of the market share in 2023.