Automotive Artificial Intelligence Industry Revenue, Future Scope, Market Trends, Key Players And Forecast To 2023

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 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.

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