𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐀𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞: "Artificial Intelligence…

The global automotive artificial intelligence market is expected to grow at a CAGR of 39.8% from 2019 to reach $15.90 billion by 2027 with Asia Pacific automotive artificial intelligence market expected to grow at the highest CAGR. In modern digital society, artificial intelligence is becoming a dynamic business norm. The adoption of automotive artificial intelligence is routing in a new era allowing the companies to track their operations, augment business strategies, enhance in-car user experience, develop autonomous and semi-autonomous vehicles, and provide a better outcome in the digital world. The growth of the global automotive artificial intelligence market is primarily driven by factors, such as growing demand for autonomous vehicles, adoption of advanced automotive solutions, growing adoption of artificial intelligence for traffic management, government initiatives and investments in connected and autonomous vehicles. However, the lack of infrastructure coupled with the high procurement and operational costs are the major hindrances to market growth. The global market for autonomous vehicles has witnessed remarkable growth in recent years.