Automotive Artificial Intelligence Market Trends, Size, Forecast - 2019-2025


Posted June 19, 2020 by pooja1919

Automotive Artificial Intelligence Market is expected to grow at a moderate rate during the forecast period 2019-2025.

 
Automotive Artificial Intelligence Market is expected to grow at a moderate rate during the forecast period 2019-2025. Technological advancements across the globe have paved their ways across numerous industry verticals. Automotive AI is one such advancement which is expected to change the way various industries are operating across the globe. AI is expected to be one of the prime reasons for shifting paradigms across the automotive industry. As the automotive manufacturers tend to increase their focus on enhancing consumer experience along with improving the vehicle efficiency, they are implementing AI in numerous departments of a vehicle. Numerous companies are investing in R&D of driverless cars which implements artificial technology for its functioning. AI is not only being used for autonomous driving, however, it is also being implemented for assisting the driver for the better driving experience. Use of AI is also done to introduce mapping and localization of the vehicle.

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Government regulations across the globe are getting stringent for the safety of driver without making them compromise on their comfort. This is expected to be one of the key reasons which are expected to promote the implementation of AI across the globe. Moreover, as the per capita income of the global population has increased, it is expected to promote the sales of luxury vehicles across the globe. This is expected to promote the demand for advanced technologies such as AI for automotive purpose over the forecast period. However, when implemented in vehicles, this can increase the cost of vehicles significantly. This can have a negative impact on the growth of the market over the forecast period.

Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America is expected to register a significant share in the overall market owing to the presence of numerous key players in the region. Moreover, Europe is expected to follow North America in terms of share as it comprises a few economies such as Germany and UK, which are key automotive markets across the globe. Moreover, the disposable income of population has increased considerably; this trend is expected to follow in the coming years, which is expected to increase implementation of advanced technology such as automotive AI over the coming years.

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Global Automotive AI Market Segmentation

By Component Type

Hardware

Software

By Technology Type

Computer Vision

Natural Language Processing

Machine Learning & Deep Learning

By Application

Autonomous

Semi-Autonomous

By Process

Signal Recognition

Image Recognition

Data Mining

Regional Analysis

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

India

Japan

Rest of Asia-Pacific

Rest of the World

Company Profiles

IBM Corp.

NVIDIA Corp.

Intel Corp.

Waymo LLC

Baidu USA, LLC

Altmotive Ltd.

Nauto, Inc.

nuTonomy Group

Zoox, Inc.

Drive.ai

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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated June 19, 2020