As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines. for the forecast year up to 2029. AI in Automotive Market size exceeded USD 1 billion in 2019 and is estimated to grow at over 35% CAGR between 2020 and 2026. Artificial Intelligence (AI) in Automotive market is projected to surpass USD 12 billion by 2026. Get in touch with us for special pricing. Driver behavior monitoring, road condition awareness, and lane tracking are a few of the innovative solutions that have been introduced through the implementation of AI technologies in semi-autonomous vehicles. Furthermore, the growing acceptance of additional comfort and next generation driving features among German citizens is proliferating the growth of AI technologies across the country. Total sales, revenue, and market share of each region. GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. The research report on Artificial Intelligence in Automotive market is intended to provide a complete analysis of pivotal factors that will positively or negatively … The research report on Artificial Intelligence in Automotive market is intended to provide a complete analysis of pivotal factors that will positively or negatively impact this business space in the forthcoming years. For instance, in October 2019, Tesla announced the early release of its fully autonomous vehicles by Q1 2020 for capturing early mover advantage. The research report on Artificial Intelligence in Automotive market is intended to provide a complete analysis of pivotal factors that will positively or negatively impact this business space in the forthcoming years. In Market Segmentation by Artificial Intelligence (AI) in Automotive Types, the report includes: When segmenting the market by application of Artificial Intelligence (AI) in Automotive, the report covers the following uses: However, the report takes into account the current impact of COVID-19 on the global economy and this particular sector of business. Normally self-driving cars might the first thing that came to your mind when you think of AI in the automotive industry. Artificial Intelligence (AI) in Automotive industry. The deep learning segment for artificial intelligence (AI) in automotive market is expected to witness a lucrative growth of over 45% CAGR from 2020 to 2026 due to the extensive adoption of deep learning solutions for training neural networks to mimic human-like driving behavior. Artificial Intelligence (AI) in Automotive market is projected to surpass USD 12 billion by 2026. This new solution is helping automotive manufacturers to incorporate next-generation ADAS capabilities and intelligent cockpit experiences with limited power consumption and high efficiency. The AI in automotive market growth is attributed to the increasing popularity of autonomous vehicles for increased driver comfort and reducing accidents. The latest report, titled “Artificial Intelligence (AI) in Automotive Market” released by Market Research Intellect, provides the reader with a comprehensive overview of the Artificial Intelligence (AI) in Automotive Industry and familiarizes them with the latest market trends, industry information, and market share. The artificial intelligence in automotive market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments: The above information has been provided for the following regions and countries: Need a Discount? The recent report on the Artificial Intelligence in Automotive Industry market predicts the industry’s performance for the upcoming years to help stakeholders in making the right decisions that can potentially garner strong returns. Artificial Intelligence in the Automotive market is set to grow from its current market was valued at over USD 1 billion in 2019 to USD 12 billion by 2026, according to a … Automotive artificial intelligence market is expected to be valued at USD 782.9 Million in 2017 and is expected to reach USD 10,573.3 Million by 2025, at a CAGR of 38.46% between 2017 and 2025. The application spectrum of Artificial Intelligence in Automotive Industry market is classified into Semi-autonomous Driving andAutonomous Driving. Market Overview: The Global Automotive Artificial Intelligence Market was valued at USD 572.54 million in 2016 and is projected to reach USD 10,862.51 … Estimates for the revenue as well as volume share of each product segment is mentioned. North America is expected to account for the largest market share in the artificial intelligence in automotive market … Artificial intelligence in the automotive market is growing rapidly due to the rising demand for autonomous vehicles. Location: Boston, Massachusetts The research report on ' Automotive Artificial Intelligence market' now available with Market Study Report, LLC, offers a detailed analysis of the factors influencing the global business sphere. The market growth is attributed to the steadily growing uptake of driver assistance technologies for increasing driving comfort and ensuring safe driving experience. The Germany AI in automotive market is expected to exhibit a lucrative growth over the forecast timeline due to a high concentration of leading automotive manufacturing companies such as Audi, BMW, Mercedes-Benz, and Porsche, which are fueling the research & development of autonomous vehicle technologies. It examines various key aspects of the market, including the latest technological innovations in the industry, current trends, and development opportunities. By 2026, the semi-autonomous vehicles segment will dominate the European AI in automotive industry and is set to grow at an impressive CAGR of over 33% owing to extensive demand for driver-assistance technologies and facilitating driving during heavy traffic scenarios. Extensive insights into the Growth of Artificial Intelligence In Automotive Market amidst COVID-19. Artificial intelligence surely will bring essentially change the automotive industry, Artificial Intelligence will increase the efficiency, safety, and productivity spell out an eventuality that may totally defy our present perception of how the industry works. In this article, we will look at 5 applications of artificial intelligence that are impacting automakers, vehicle owners, and service providers. The report includes an in-depth study of industry variables, manufacturer value chain, sales volume, market share, competitive landscape, and effective business tactics. It examines various key aspects of the market, including the latest technological innovations in the industry, current trends, and development opportunities. AI algorithms can be improved significantly through advanced deep learning mechanisms to ensure safety during the journey. Artificial Intelligence In The Automotive Market A new research document with title ‘Artificial Intelligence In The Automotive Industry – M&A Trend Analysis’ covering detailed analysis, Competitive landscape, forecast and strategies. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. Market Overview: The Global Automotive Artificial Intelligence Market was valued at USD 572.54 million in 2016 and is projected to reach USD 10,862.51 … The report provides a comprehensive analysis of the major market players in the market along with their business overview, expansion plans, and strategies. Read unbiased reviews and insights, compare features and key buying criteria. The Artificial Intelligence (AI) In Automotive Market 2020-2025 research report analyses adoption trends, key challenges, future growth potentials, key drivers, competitive outlook, restraints, opportunities, market ecosystem, and value chain analysis. Artificial intelligence: automotive’s new value-creating engine 7 Our analyses yielded the following key insights, which will be explained in more detail in the course of the report (for details on our sources and methodology see text box 1 and the appendix): Here are a few examples of how smart machinery and AI-powered systems are making automotive production lines more efficient. The MarketWatch News Department was not involved in the creation of this content. Furthermore, the supporting initiatives from various governments to incorporate semi-autonomous vehicle technologies by 2022 will positively impact industry growth. The deep learning segment is expected to witness a lucrative growth of over 45% CAGR to 2026 due to its extensive adoption for training neural networks to mimic human-like driving behavior. The major driving factors of Automotive Artificial Intelligence Market are as follows: Advancement in technologies; Increase in awareness; Increase in number of eSports enthusiast . The increasing positive perception among consumers regarding autonomous technologies will complement the market revenue. Autonomous technologies can help persons with disabilities and senior citizens have access to self-driven mobility, reducing long-distance truck & bus driver fatigue. We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. The Global Artificial Intelligence (AI) in Automotive Market Ecosystem was valued at US$ 21.8 Bn in 2018 and will see substantial growth by USD 28.1 billion with 23.5% of CAGR by 2023.. From robots on the factory floor to driverless cars, AI is changing the automotive industry. The partnership helped the company to integrate Tmall Genie Auto technology in its cars, helping drivers to control their cars through voice commands and providing an intelligent connected ecosystem for drivers. Based on offering, the artificial intelligence (AI) in automotive market has been segmented into hardware, software and Service. Moreover, increasing penetration artificial intelligence in several industries such as manufacturing, security, human resource, automotive and others would further positively influence market growth. For instance, in June 2019, Audi partnered with Alibaba AI Labs in conjunction with Honda and Renault to jointly focus on the R&D of AI and voice technology. Market Research Intellect provides syndicated and customized research reports to clients from various industries and organizations with the aim of delivering functional expertise. Published Date: Dec 2019  |  Report ID: GMI3199  |  Authors: Preeti Wadhwani, Sachin Kasnale. Artificial Intelligence (AI) in Automotive Market - Global market segmentation by types, application, regions, company market share, key developments, SWOT analysis, CAGR, sales, competitive analysis, financial performance to 2026 Artificial Intelligence for Automotive market segments included in the report: Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East and Africa; Country-level analysis. It also includes the rate of production and consumption, volatility of prices and requirements, market share, market size, global position and the position of each player in the market. The Automotive Artificial Intelligence Market is expected to be around US$ 14.5 Billion by 2025 at a CAGR of 37.5% in the given forecast period. Further, processor is divided into graphics processing unit and microprocessor. Artificial Intelligence (AI) in Automotive market is projected to surpass USD 12 billion by 2026. With a pool of established automotive players and a maturing AI landscape, the rapid adoption of autonomous technologies is underway in Germany. This kind of autonomous vehicles set up with AI enhances the user experience and reduces human intervention. The market growth is attributed to increasing popularity of autonomous vehicles for increased driver comfort and reducing accidents. The report on Artificial Intelligence for Automotive Applications Market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, etc. This report also provides precise information pertaining to market size, commercialization aspects and revenue estimation of this business. This chapter explains the regulatory framework that is likely to impact the overall market. In March 2019, BMW and Daimler entered into a strategic collaboration to develop new ADAS solutions and establish industry standards to influence future regulations on driver assistance technologies. The market forecast contained in the report is prepared by our team of experts and is of great importance as it provides in-depth information on various key industry parameters. The report also identifies key regions and segments that dominate the market. The report on Automotive Artificial Intelligence Market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, etc. For instance, in March 2017, Bosch, partnered with NVIDIA for developing a new AI self-driving car computer. Furthermore, the development of AI optimized processors and computing hardware will enable enterprises to design and deploy improved autonomous solutions. By component, the market is segmented into software, hardware, and service. The global automotive artificial intelligence market is expected to grow at a CAGR of 45.0% from 2019 to 2025. for the forecast year up to 2029. New Jersey, United States,- The Artificial Intelligence (AI) in Automotive Market Size And Forecast to 2027. The market is divided between centralized platforms and vision processors. Moreover, hardware is divided into memory, processor, and networks. SWOT analysis is conducted on the major companies operating in the Artificial Intelligence (AI) in Automotive market to provide a better understanding of the strengths, opportunities, weaknesses, and threats of major companies. Another factor contributing to the AI in automotive market share is the increasing demand for driver convenience and improving access to mobility.
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