Automotive Artificial Intelligence Industry

1. Summary Global Automotive Artificial Intelligence Industry Information Report by Technology (Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing), 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 Automotive Artificial Intelligence Industry Overview Market Research Future (MRFR), in its latest “Automotive Artificial Intelligence Industry” report states that the global market of automotive artificial intelligence is expected to generate considerable revenue expand at a growth rate of 10% by 2023. The comfort threshold of consumers is rising. This is triggering automakers to opt for advanced technologies that can simplify the production of smart automobiles and meet consumers’ demands. This is observed as the chief factor that is expected to propel the growth of the worldwide Automotive Artificial Intelligence Industry. The exploitation of technologies, such as cloud-hosted intelligence, internet of thing, and driver-assist features for the production of automobiles is expected to improve the health of the Automotive Artificial Intelligence Industry. In addition, the hefty investment made by wealthy players of the market for upgradations in artificial intelligence for automobiles is expected to boost the expansion of the growth of the market. The increase in need for improvements in areas, such as advanced driver assistance systems, adaptive cruise control, and blind-spot alert is surging the need for deployment of automotive artificial intelligence. This is expected to boost the growth of the Automotive Artificial Intelligence Industry. The alterations in demand for consumer preference and different approaches towards safety and convenience of people regarding road safety are expected to push the market growth. Alongside, the increase in the number of original equipment manufacturers and their inclination towards AI are expected to spur the market growth. On the contrary, the lack of cognizance about automotive AI and high installation costs are are expected to spur the market growth. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/4258 Other factors which are backing the growth of the Automotive Artificial Intelligence Industry include progress in interrelated technologies such as natural language processing (NLP) and machine learning techniques, which allow integration of AI in automobiles. Increased demand for driver and passenger personalization is also a crucial factor. Automotive artificial intelligence allows anomaly and object detection, driverless cars, trucks, gesture recognition, predictive maintenance, on-road customer service, and others.

2. On the downside, the growth of the market might be hindered by various factors. Incorporation of AI in the automotive industry is aligned with challenges such as data privacy and cybersecurity concerns. Automotive AI is still in its development stage and has substantial progress to make before it enters the mainstream. Various incidents of accidents with autonomous cars have been reported, which raises concern regarding the use of technology. Various technological barriers are needed to be overcome, which stand as a bottleneck to market growth. Complexity of tasks and inflated cost of algorithm development are other market impediments. 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 Automotive Artificial Intelligence Industry. 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 Automotive Artificial Intelligence Industry has been segmented based on technology, process, application. By technology, the Automotive Artificial Intelligence Industry has been segmented into machine learning, deep learning, computer vision, context awareness, and natural language processing. By process, the Automotive Artificial Intelligence Industry has been segmented into image recognition, signal recognition, and data mining. By application, the Automotive Artificial Intelligence Industry has been segmented into semi- autonomous driving, human-machine interface, and autonomous driving. Regional Analysis Region-wise, the Automotive Artificial Intelligence Industry 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 Industry. 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

3. vehicles which provides lucrative growth opportunities to the Automotive Artificial Intelligence Industry. Moreover, various technology, as well as automotive giants, are forming partnerships to fuel the development of automotive artificial intelligence, which will boost the market growth over the forecast period. Europe too is a prominent revenue generator in the Automotive Artificial Intelligence Industry. 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 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. Contact Market Research Future +1 646 845 9312 Email: sales@marketresearchfuture.com