Global Automotive Artificial Intelligence Market Outlook and Analysis Forecast To 2023

Global Automotive Artificial Intelligence Market Overview

The booming automotive industry is a constant source of driving demand in the Global Automotive Artificial Intelligence market. With the emergence of cloud-hosted intelligence, driver assist features and internet of thing the market for Global Automotive Artificial Intelligence is expected to witness significant growth in the near future. Additionally with major players in the automotive industry heavily investing in development of artificial intelligence for automobiles, the industry wide standard such as the adaptive cruise control, advanced driver assistance systems and blind spot alert would further trigger the growth in the Global Automotive Artificial Intelligence market. Changing consumer preference towards convenience and safety provides an opportunity for original equipment manufacturers in the automotive AI market.

The Global Automotive Artificial Intelligence market is expected to register a healthy growth rate of more than 10%.

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 Global Automotive Artificial Intelligence market.

Segmentation

The Global Automotive Artificial Intelligence market has been segmented based on technology, process, application.

By technology, the Global Automotive Artificial Intelligence market has been segmented into machine learning, deep learning, computer vision, context awareness, and natural language processing.

By process, the Global Automotive Artificial Intelligence market has been segmented into image recognition, signal recognition, and data mining.

By application, the Global Automotive Artificial Intelligence market has been segmented into semi-autonomous driving, human-machine interface, and autonomous driving.

Regional Analysis

Region-wise, the Global Automotive Artificial Intelligence market 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 market. 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 Global Automotive Artificial Intelligence market. Moreover, various technology, as well as automotive giants, are forming partnerships to fuel the development of Global Automotive Artificial Intelligence, which will boost the market growth over the forecast period.

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