Tesla and SpaceX were listed as top companies analyzed in the global Artificial Intelligence of Things (AIoT) Solutions Market Report. Tesla was also mentioned as a top company in an Intellgent Driving market report.
In June Elon Musk tweeted that Tesla’s AI Day would be on September 30 since Tesla may have an Optimus prototype working by then.
Although Tesla’s work with AI is commonly known, not much is hardly mentioned about SpaceX’s use of AI. In April 2022, Analytics India Mag published an article highlighting how SpaceX is incorporating AI to advance its goals.
One example cited is SpaceX’s AI-powered autopilot system that helps rockets navigate from the launch to the International Space Station’s docking station.
AIoT Market Report
The report analyzed technologies, leading companies such as Telsa and SpaceX, as well as solutions. It gives a deep dive into market sizing and forecasts for the AIoT infrastructure from 2022 through 2027.
The AIoT report also assesses the impact of 5G on AIoT, blockchain, and specific solutions such as Data as a Service. It looked at the market for AIoT in smart cities as well.
Key findings from the report:
The global AIoT market is expected to reach $83.6 billion in 2027 which represents a 39.1% compound annual growth rate (CAGR). Within the AIoT, the AI-enabled edge device market is expected to be the fastest-growing segment.
AIoT solutions today are the precursor to the next generation of AI Decision as a Service (AIDaaS). The global market for Internet of Things (IoT) data as service solutions is expected to reach $9.13 billion by 2027.
And, AIoT solutions are expected to improve the operational effectiveness and the value of machine data by up to 28% by 2027
Tesla and SpaceX are mentioned as top companies analyzed
The report included an analysis of important AIoT companies which include Tesla and SpaceX.
Other notable companies on the list include Alibaba, NVidia, Intel, Qualcomm, Google, Cisco, and Texas Instruments, just to name a few.
Artificial intelligence is being integrated into information and communications technology (ICT) and is expected to transform communications, applications, content, and commerce. You can read more about the report and the companies analyzed here.