Artificial Intelligence (AI) in Automotive Market

Artificial Intelligence (AI) in Automotive Market Size

             2019                         2021-2027      

Report	Details
Market Size Value	USD 5.01 Billion in 2019
Market Size Value	USD 36.80 Billion by 2027
CAGR	33.31%
Forecast Period	2021-2027
Historic Data	2019
Segments Covered	xxxx
Geographics Covered	North America, Latin America, Europe, Asia-Pacific, Middle East & Africa

The automotive industry has grown rapidly globally over the years, primarily due to the changing consumer preferences, rising concerns about driver safety, environmental concerns, and stringent government regulations focusing on crash avoidance rather than crash survival. AI-powered vehicle systems are being highly capitalized upon by the manufacturers as they have been upgrading new features in the vehicles that include lane assistance, adaptive cruise control and automated parking. At Present, major technologies that are driving the automotive market are artificial intelligence and high-performance computing. These technologies are helping in building autonomous vehicles, and they are enhancing the customer and employee experience. Moreover the computer vision is assured to show the speedy growth across the global automotive artificial intelligence market.

The Artificial Intelligence (AI) in Automotive Market is segmented by component, technology, process, application and geography. In countries like India and China, the disposable income of customers is increasing and they are opting for luxury segments that comes installed with advanced driver assistance and autonomous systems such as automatic parking, automatic emergency braking, etc. Companies like Ford have already applied AI to improve their customer and business operations through supply chain risk identification and in-vehicle predictive maintenance.

The Asia Pacific region is expected to account a significant growth across all fronts including consumer electronics, internet infrastructure, economic growth, and spending capabilities. This is due to the government initiatives, an increase in demand for premium vehicles, rising investments in AI technology for improved productivity, and adoption of AI-based solutions and services among autonomous and semi-autonomous applications will contribute to growth in this region.

The research covers the current and historic Artificial Intelligence (AI) in Automotive Market size and its growth trend with company outline of Key players/manufacturers: 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 among others

The Artificial Intelligence (AI) in Automotive Market research report provides an in-depth overview of the industry including market segmentation by component, technology, process, application and geography. Analysis of the global market with special focus on high growth application in each vertical and fast-growing market segments. It includes detailed competitive landscape with identification of the key players with respect to each type of market, in-depth market share analysis with individual revenue, market shares, and top players rankings. The Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions.

The objective of this study is to identify the market opportunities and estimate market size by segments and countries for last few years and to forecast the values to the next five years. The report incorporates both the qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. The report also covers qualitative analysis on the market, by incorporating complete pricing and cost analysis of components & products, Porter’s analysis and PEST (Political, Economic, Social & Technological factor) analysis of the market. The report also profiles all major companies active in this field.

Market Analysis and Insights: Artificial Intelligence (AI) in Automotive Market Analysis & Insights

Artificial Intelligence (AI) in Automotive Market Scope and Market Size

Artificial Intelligence in Automotive market is segmented by component, technology, process, application and geography. Players, stakeholders, and other participants in the global Artificial Intelligence in Automotive market will be able to gain a strong position as this report will surely benefit their marketing strategies. The market analysis focuses on revenue and forecast by region/countries and by application in terms of revenue and forecast for the period 2016-2027.

Report further studies the market development status and future and Artificial Intelligence in Automotive Market trend across the world. Also, it splits Artificial Intelligence in Automotive market segmentation by component, technology, process, application and geography to deep dive research and reveals market profile and prospects.

Major Classifications are as follows:

By Component

• Hardware
• Software
• Services

 By Technology

• Machine Learning
• Computer Vision
• Natural Language Processing
• Context-Aware Computing

By Process

• Signal Recognition
• Image Recognition
• Voice Recognition
• Data Mining

By Application

• Semi-Autonomous Driving
• Human Machine Interface

By Region

• North America
• Europe
• Middle East and Africa (MEA)
• Asia-Pacific (APAC)

Reason to purchase this Artificial Intelligence (AI) in Automotive Market Report:

• Determine prospective investment areas based on a detailed trend analysis of the global Artificial Intelligence in Automotive market over the next years.
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• Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Artificial Intelligence in Automotive  market providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.