Artificial intelligence in the automotive market is growing rapidly due to the rising demand for autonomous vehicles. The research report on Artificial Intelligence in Automotive market is intended to provide a complete analysis of pivotal factors that will positively or negatively impact this business space in the forthcoming years. One of the key elements of the report is the SWOT analysis along with an in-depth examination of the competitive landscape of the market. The AI in automotive market growth is attributed to the increasing popularity of autonomous vehicles for increased driver comfort and reducing accidents. Artificial Intelligence (AI) in Automotive Market Size, By Component (Software, Hardware, Service), ... 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TO DOWNLOAD THE PRESS RELEASE: ENGLISH Market Overview: The Global Automotive Artificial Intelligence Market was valued at USD 572.54 million in 2016 and is projected to reach USD 10,862.51 … Some of the players operating in the AI in automotive industry include Alphabet Inc., Audi AG, BMW AG, Daimler AG, Didi Chuxing, Ford Motor Company, General Motors Company, Harman International Industries, Inc., Honda Motor Co., Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Qualcomm Inc., Tesla, Inc., Toyota Motor Corporation, Uber Technologies, Inc., Volvo Car Corporation, and Xilinx Inc. New entrants are focusing on raising investor funding and new product developments to register significant business growth. In addition, this report also explained the adverse effects of the coronavirus pandemic on the Artificial Intelligence (AI) in Automotive market along with its fundamental segments. Artificial intelligence (AI) holds the key to a new future of value for the automotive industry. Market Research Intellect provides syndicated and customized research reports to clients from various industries and organizations with the aim of delivering functional expertise. Automotive manufacturers are taking note of these trends and are offering innovative driver assistance solutions to gain a competitive advantage. The automotive artificial intelligence market, on the basis of process, is segmented into signal recognition, image recognition, and data mining. Further, processor is divided into graphics processing unit and microprocessor. The Artificial Intelligence (AI) In Automotive Market 2020-2025 research report analyses adoption trends, key challenges, future growth potentials, key drivers, competitive outlook, restraints, opportunities, market ecosystem, and value chain analysis. The global automotive artificial intelligence market is expected to grow at a CAGR of 45.0% from 2019 to 2025. Moreover, increasing penetration artificial intelligence in several industries such as manufacturing, security, human resource, automotive and others would further positively influence market growth. Artificial intelligence: automotive’s new value-creating engine 7 Our analyses yielded the following key insights, which will be explained in more detail in the course of the report (for details on our sources and methodology see text box 1 and the appendix): As consumers are rapidly adopting driver-assist technologies to reduce driving burden and ensure road safety, the demand for autonomous vehicles will surge prolifically over the forecast timespan. The market growth is attributed to increasing popularity of autonomous vehicles for increased driver comfort and reducing accidents. In March 2019, BMW and Daimler entered into a strategic collaboration to develop new ADAS solutions and establish industry standards to influence future regulations on driver assistance technologies. It provides a comparative study of historical data and current landscape to uncover the future performance of the market. According to the data reported by the World Intellectual Property Organization in 2018, German auto manufacturers accounted for over 51% of the total autonomous driving patents filed globally. The major driving factors of Automotive Artificial Intelligence Market are as follows: Advancement in technologies; Increase in awareness; Increase in number of eSports enthusiast . The main players examined in the report are: These facts and figures help readers to assess global market growth, production and consumption rates, product demand and price volatility, and upcoming market trends during the forecast period. In Market Segmentation by Artificial Intelligence (AI) in Automotive Types, the report includes: When segmenting the market by application of Artificial Intelligence (AI) in Automotive, the report covers the following uses: However, the report takes into account the current impact of COVID-19 on the global economy and this particular sector of business. It examines various key aspects of the market, including the latest technological innovations in the industry, current trends, and development opportunities. The pandemic has had devastating effects on the global economy and disrupted the functioning of … The market forecast contained in the report is prepared by our team of experts and is of great importance as it provides in-depth information on various key industry parameters. It examines various key aspects of the market, including the latest technological innovations in the industry, current trends, and development opportunities. For instance, in March 2017, Bosch, partnered with NVIDIA for developing a new AI self-driving car computer. The research report on Artificial Intelligence in Automotive market is intended to provide a complete analysis of pivotal factors that will positively or negatively … The market growth is attributed to the steadily growing uptake of driver assistance technologies for increasing driving comfort and ensuring safe driving experience. The marriage of AI and computing is at the heart of it. The Market research report contains important details regarding the Artificial Intelligence (AI) in Automotive market value based on market dynamics and various growth factors. The research report on Artificial Intelligence in Automotive market is intended to provide a complete analysis of pivotal factors that will positively or negatively impact this business space in the forthcoming years. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. The report also analyzes key elements such as growth trends, area of concentration, business expansion strategies, market scope, and other key characteristics that provide relevant data for companies to strengthen their position in the market. A summary of the development of every regional contributor including estimated CAGR over the forecast period is stated in the report. Artificial Intelligence (AI) in Automotive market is projected to surpass USD 12 billion by 2026. The report measures the market share of every application segment and subsequently predicts their respective growth rate over the estimated timeframe. Read unbiased reviews and insights, compare features and key buying criteria. The deep learning segment for artificial intelligence (AI) in automotive market is expected to witness a lucrative growth of over 45% CAGR from 2020 to 2026 due to the extensive adoption of deep learning solutions for training neural networks to mimic human-like driving behavior. Thanks for reading our report. This report also provides precise information pertaining to market size, commercialization aspects and revenue estimation of this business. The increasing positive perception among consumers regarding autonomous technologies will complement the market revenue. The market growth is attributed to the steadily growing uptake of driver assistance technologies for increasing driving comfort and ensuring safe driving experience. The application spectrum of Artificial Intelligence in Automotive Industry market is classified into Semi-autonomous Driving andAutonomous Driving. The design and deployment of novel technologies including autonomous mobility, vehicle simulations, rapid prototyping, and AI-enabled automotive factories are creating a positive outlook for the autonomous technologies market. In this context, the market research & strategy consulting company Yole releases today its new technology & market analysis: Artificial Intelligence Computing for Automotive 2020 report. Additionally, the recognition software can also detect traffic signs such as lane changes and stop-go signs to appropriately maneuver the vehicle in dense traffic conditions. By 2026, the semi-autonomous vehicles segment will dominate the European AI in automotive industry and is set to grow at an impressive CAGR of over 33% owing to extensive demand for driver-assistance technologies and facilitating driving during heavy traffic scenarios. The growth of the Artificial Intelligence (AI) in Automotive market has been significantly hampered by the current economic situation triggered by the COVID-19 pandemic. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. Artificial Intelligence (AI) in Automotive Market - Global market segmentation by types, application, regions, company market share, key developments, SWOT analysis, CAGR, sales, competitive analysis, financial performance to 2026 This kind of autonomous vehicles set up with AI enhances the user experience and reduces human intervention. Global Automotive Artificial Intelligence Market is estimated to be valued US$ XX.X million in 2019. The global artificial intelligence in automotive market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. Extensive insights into the Growth of Artificial Intelligence In Automotive Market amidst COVID-19. We provide reports for all industries including Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverage, and more. Artificial Intelligence (AI) in Automotive Market by Regional Segments: The chapter on regional segmentation details the regional aspects of the Artificial Intelligence (AI) in Automotive market. For instance, in September 2019, Horizon Robotics, a leading AI computing company, introduced its 2nd generation automotive AI processor – Horizon Journey 2. The global Automotive Artificial Intelligence market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. Market share captured by each application segment along with their growth rate forecasts over the stipulated timeframe are enumerated. Total sales, revenue, and market share of each region. The research also segments the Automotive Artificial Intelligence market on the basis of end user, product type, application, and demography for the forecast period 2019–2024. for the forecast year up to 2029. The recent report on the Artificial Intelligence in Automotive Industry market predicts the industry’s performance for the upcoming years to help stakeholders in making the right decisions that can potentially garner strong returns. Get in touch with us for special pricing. The MarketWatch News Department was not involved in the creation of this content. Global Artificial Intelligence (AI) in Automotive Market has valued 782.75 Mn in 2018 and is estimated to reach US$ XX Mn by 2026 at a CAGR of about XX % during a forecast period. Artificial Intelligence for Automotive market segments included in the report: Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East and Africa; Country-level analysis. Based on Applications Artificial Intelligence (Ai) In Automotive Market Segmentation: Human–Machine Interface (HMI) Autonomous Driving Others It provides a comparative study of historical data and current landscape to uncover the future performance of the market. Unique insights provided by Artificial Intelligence (Ai) In Automotive Market Research Report also includes the following: In-depth value chain analysis Artificial Intelligence (AI) in Automotive industry. Artificial Intelligence (AI) in Automotive Market size exceeded USD 1 billion in 2019 and is estimated to grow at over 35% CAGR between 2020 and 2026. Artificial Intelligence (AI) in Automotive Market (6 Forces Forecast 2020-2026) research report offers in-intensity insight of the Artificial Intelligence (AI) in Automotive industry masking all vital parameters along with Marketing Channel, Direct Marketing, Indirect Marketing, Brand Strategy, Pricing Strategy, Market Positioning, Target Client, and Distributors/Traders List. The latest report, titled “Artificial Intelligence (AI) in Automotive Market” released by Market Research Intellect, provides the reader with a comprehensive overview of the Artificial Intelligence (AI) in Automotive Industry and familiarizes them with the latest market trends, industry information, and market share. Prominent players operating in AI businesses are focusing on strengthening their R&D capabilities and forging strategic alliances with other leading enterprises for speeding up the technology development cycle. The industry share of AI in automotive is estimated to grow at over 35% CAGR between 2020 and 2026. The artificial intelligence market for automotive and transportation industry in Asia-Pacific is expected to grow at a significant CAGR during the forecast period, 2019-2029. Furthermore, the development of AI optimized processors and computing hardware will enable enterprises to design and deploy improved autonomous solutions.
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