Global Automotive Artificial Intelligence Market Driven by Heightened Interest in Autonomous Vehicles

Summary

Global Automotive Artificial Intelligence Market Information Report by Technology, by Process (Signal Recognition, Image Recognition, Data Mining), by Application (Human–Machine Interface, Semi-autonomous Driving, Autonomous Driving) and by Regions - Global Forecast To 2023

Global Automotive Artificial Intelligence Market Overview

The penetration of artificial intelligence has become increasingly prevalent due to its diverse applications. The Global Automotive Artificial Intelligence is a step of automobiles achieving a futuristic nature. Market reports related to the automobile industry have been made available by Market Research Future who issues reports on other sectors that have been presently published along with a report on this industry. The market is set to develop at a 10% CAGR over the course of the forecast period.

The rising demand for automating every aspect of daily life is one of the main motivators for the development of the market for artificial intelligence in automobiles. The growing level of distances that individuals have to cover on a daily basis are also motivating the developments in the market. Furthermore, the need for urban mobility is expected to add to the overall development of the market in the forecast period.

Competitive Landscape

General Motors Company (US), Toyota Motor Corporation (Japan), BMW AG (Germany), Audi AG (Germany), Ford Motor Company (US), Volvo Car Corporation (Sweden), Tesla Inc. (US), Qualcomm Inc. (US), Hyundai Motor Corporation (South Korea), and Uber Technologies Inc. (US) are the key players in the Global Automotive Artificial Intelligence market.

Industry Updates

June 2019 - Volvo, a Swedish multinational manufacturing company and Nvidia, an American technology company, have entered into a partnership to collaborate on AI technology for self-driving vehicles. By incorporation of AI to its trucks, Volvo aims to disrupt the public and freight transport industry.

Segmentation

The Global Automotive Artificial Intelligence Market has been segmented based on technology, process, application.

By technology, the Global Automotive Artificial Intelligence market has been segmented into machine learning, deep learning, computer vision, context awareness, and natural language processing.

By process, the Global Automotive Artificial Intelligence market has been segmented into image recognition, signal recognition, and data mining.

By application, the Global Automotive Artificial Intelligence market has been segmented into semi-autonomous driving, human-machine interface, and autonomous driving.

Regional Analysis

Region-wise, the Global Automotive Artificial Intelligence market has been segmented into North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

North America is likely to dominate the Global Automotive Artificial Intelligence market. The clustering of major market leaders in the region is a key factor driving the growth of the North America market. The US has been a frontrunner in the adoption of autonomous vehicles which provides lucrative growth opportunities to the Global Automotive Artificial Intelligence market. Moreover, various technology, as well as automotive giants, are forming partnerships to fuel the development of Global Automotive Artificial Intelligence, which will boost the market growth over the forecast period.

Europe too is a prominent revenue generator in the Global Automotive Artificial Intelligence market. The automotive manufacturers present in the region are actively engaged in the incorporation of advanced technologies in the automotive sector. Substantial investment in AI along with a growing preference for autonomous vehicles, has fostered the market growth. The UK is a key contributor to the Europe market.

Access Full Report @ https://www.marketresearchfuture.com/reports/automotive-artificial-intelligence-market-4258