Overview of Automotive Artificial Intelligence Market:
Global Automotive Artificial Intelligence Market valued approximately USD 641 billion in 2016 is anticipated to reach up to USD 10.8 billion by 2025 grow with a healthy growth rate of more than 39% over the forecast period 2017-2025. The market growth is primarily driven by the rising demand for smart vehicle and increasing focus of vehicle manufacturers to enhance user experience. Moreover, automotive manufacturers are heavily investing in smart technologies such as Artificial Intelligence and LiDAR to create product differentiation. Moreover, increasing purchasing power of consumers has created a significant opportunity before the premium car segment, which is expected to fuel numerous opportunities in the market.
The Asia Pacific AI market is anticipated to be the fastest-growing market, owing to the rapid improvement in Data Storage capacity, high computing power, great output and processing which leads to a good contribution to the growth of artificial intelligence technology in Automotive Industry. Moreover, significant government initiatives to promote manufacturing activities in developing countries such as India and China is fueling huge investments in the market.
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This report defines, describe, and forecast the overall market segmented on the basis of components, technologies, end-use industries, and regions. It analyzes the markets with the respect to individual growth trends, prospects, and contributions to the artificial intelligence market, opportunities in the markets through various stakeholders by identifying the high-growth segments of the market.
Market share of global Automotive Artificial Intelligence industry is dominate by companies like NVIDIA Corporation, Alphabet Inc. Intel Corporation, Microsoft Corporation, International Business Machines Corporation, Harman International Industries, Inc., Xilinx Inc., Qualcomm Inc., Tesla, Inc., Volvo Car Corporation, Audi AG.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.): Hardware, Software, Services.
By Technology:Deep Learning, Machine Learning, Natural Language Processing (NPL), Market Vision
By Process:Signal Recognition, Image Recognition, Data Mining
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.): Human-Machine Interface, Semi-Autonomous Driving, Autonomous Vehicle.
Market segment by Regions/Countries, this report covers: North America, Europe, Asia-Pacific, South America, Middle East & Africa.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market.
Feature of the report:
– The report studies the key factors affecting the market.
– The various opportunities in the market.
– To analyse the market size of the market and infer the key trends from it.
– To inspect the market based on product, market share and size of the product share.
– To analyse based on end-users and applications and focus on the growth rate of each application.
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