Global Automotive Artificial Intelligence Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026
MarketResearch.biz delivers in-depth insights on the global automotive artificial intelligence market in its upcoming report titled, “Global Automotive Artificial Intelligence Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2026”. The global automotive artificial intelligence market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global automotive artificial intelligence market report has been segmented on the basis of component, technology, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
The development of computer systems or machines that are able to perform tasks that require human intelligence, such as speech recognition, visual perception, translation between languages, etc. is called as artificial intelligence system.
Increasing adoption of ADAS technology and rising demand for autonomous vehicles are major factors driving growth of the global automotive artificial intelligence market. In addition, increasing government regulations for vehicle safety is another factor driving growth of the global market. Moreover, increasing need to provide enhanced user and driving experience with advanced features is a rising trend in the global market, which is expected to further support growth of the global market during the forecast period.
Integration of artificial intelligence in vehicle increases overall cost of the vehicle which is a major factor restraining growth of the global automotive artificial intelligence market. In addition, concerns related to security of vehicle is another factor hampering growth of the global market to a certain extent. Technological advancements towards development of secure and cost effective artificial intelligent systems for vehicles can create opportunities for major manufacturers in the global market over the forecast period.
The market in North America accounts for highest revenue share in the global automotive artificial intelligence market and is expected to maintain its dominance over the forecast period. Early adoption of artificial intelligence technology and presence of major automotive manufacturers are major factors driving growth of the North America automotive artificial intelligence market. The Europe automotive artificial intelligence market is expected to witness significant growth and is expected to register a CAGR of X.X% over the forecast period. The Asia Pacific automotive artificial intelligence market is expected to witness highest growth and is projected to register a CAGR of XX.X% over the next 10 years.
Global automotive artificial intelligence market segmentation:
Segmentation on the basis of components:
Segmentation on the basis of technology:
- Deep Learning
- Machine Learning
- Context Awareness
- Computer Vision
- Natural Language Processing
Segmentation on the basis of application:
- Human–Machine Interface
- Semi-autonomous Driving
- Autonomous Driving
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- NVIDIA Corporation
- Alphabet Inc.
- Intel Corporation
- Microsoft Corporation
- International Business Machines (IBM) Corporation
- Harman International Industries Inc.
- Xilinx Inc.
- Qualcomm Inc.
- Tesla, Inc.
- Bayerische Motoren Werke AG
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