automotive artificial intelligence market
Automated future: AI in the automotive industry is revolutionizing the vehicle market
Most passenger vehicles today incorporate driver assistance technology, which relies on artificial intelligence (AI) to detect if a driver is sleepy or fatigued by monitoring their eyes. AI systems also learn a driver's behavioral pattern, including preferred temperature settings, songs, and destinations, to make the commuting experience convenient and comfortable. Almost all major automotive companies are working with software providers to create an ideal interior atmosphere for the driver, leading to an engaging and individualized user experience. It is little wonder, then, that the automotive artificial intelligence market is expected to grow at a CAGR of 24.1 percent between 2022 and 2027. MarketsandMarkets values the automotive artificial intelligence market at USD 2.3 billion in 2022, and projects it to reach USD 7.0 billion by 2027, based on the growing adoption of ADAS technology by OEMs and the rising demand for enhanced user experience and convenience features.
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Automotive Artificial Intelligence Market worth $7.0 Billion USD by 2027, at CAGR of 24.1%
The global Automotive Artificial Intelligence market value is projected to be USD 7.0 Billion by 2027, growing from USD 2.3 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period. The report "Automotive Artificial Intelligence Market by Offering, Technology (Deep Learning, Machine Learning, Computer Vision, Context-aware Computing and Natural Language Processing), Process, Application, Component and Region - Global Forecast to 2027" The global Automotive Artificial Intelligence market size is projected to grow from USD 2.3 Billion in 2022 to USD 7.0 Billion by 2027; it is expected to grow at a CAGR of 24.1% from 2022 to 2027. The key factors contributing to the growth of the Automotive Artificial Intelligence market include the growing adoption of ADAS technology by OEMs, and the rising demand for enhanced user experience and convenience features are among the factors driving the growth of the Automotive Artificial Intelligence market. Software segment is expected to hold a larger share of automotive artificial intelligence market. The software holds a major share of the overall AI market in the automotive industry because of the various developments of AI software and related software development kits.
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Global Automotive Artificial Intelligence (AI) Market is Forecast to Grow to US$7,676.92 Million by 2028, with a CAGR of 31.30% in the 2022-2028 period
Artificial intelligence (AI) is a cutting-edge computer science technology. It shares similarities with human intelligence in terms of language comprehension, reasoning, learning, problem solving. In the development and revision of technology, market manufacturers face enormous intellectual challenges during the forecast period. Furthermore, the expansion of the automotive industry is expected to drive the Automotive Artificial Intelligence Market during the forecast period. The automotive industry has recognized the potential of artificial intelligence and is one of the major industries that employs AI to augment and mimic human action which is the major factor driving the growth of Automotive Artificial Intelligence Market during the forecast period.
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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.
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Global Automotive Artificial Intelligence Market Analysis 2021, Imapact of COVID-19, Business Opportunities, Industry Revenue Analysis, Growth and Forecast to 2027 – Brockville Observer
The detailed review of Automotive Artificial Intelligence was conducted in the Global Automotive Artificial Intelligence Market 2020 Survey to collect important and substantive data on Automotive Artificial Intelligence market size, growth rate, potential demand, and Automotive Artificial Intelligence sales forecasts from 2021 to 2026. It gives an analysis of the industry chain situation, key market players, market volume, upstream raw material, production cost, and marketing channels, volume, region-wise import/export analysis, and forecast market from 2021-2026. The Automotive Artificial Intelligence market has been changing everywhere throughout the world and we have been seeing an extraordinary development in the Automotive Artificial Intelligence and this growth is expected to be huge by 2026. The report covers Automotive Artificial Intelligence applications, market elements, and the analysis of rising and existing market segments. It shows the market outline, product classification, application, and market volume forecast from 2021-2026. The report includes insightful information about the primary part of the Automotive Artificial Intelligence market.
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Automotive Artificial Intelligence Market SWOT Analysis, Outlook, By Top Key Players: NVIDIA Corporation (US), Alphabet Inc. (US), Intel Corporation (US), IBM Corporation (US), Microsoft Corporation (US) etc. – NeighborWebSJ
"A recent research report on global Automotive Artificial Intelligence market offers a basic overview of the target industry along with its classifications, applications, definitions, and structure of the industry chain. The report also provides global market share analysis for overall markets, including competitive landscape analysis, trends in development, and the growth status of key regions. Global Automotive Artificial Intelligence Market development status and position of key and global regions such as product types, suppliers, regions and end industries with multiple perspectives; this research analyses leading companies in global and main regions and divides the market by product type and industry applications/end users. Crucial Report Offerings: This in-depth study on global Automotive Artificial Intelligence market is a highly reliable investment guide to influence growth proficient business decisions. Key offerings promised by the report are enumerated in the following points: Details projecting market segments and sub-segments are well recorded in the report The report reveals crucial details in market size and dimensions, complete with thorough market share assessment The report harps on information dissemination concerning market drivers, opportunities, challenges and threats, besides also highlighting notable drivers and competition scenario Each of the players highlighted in the report has been evaluated on a number of parameters to understand in entirety, exact conditions of the competition realm.
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Latest Automotive Artificial Intelligence Market 2019 Size and Share with Leading Players, Performing Regions and Forecast 2024 – The Pueblo Daily
Automotive Artificial Intelligence Market 2019 report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of Automotive Artificial Intelligence market. Furthermore, the study highlights current market trends and provides forecast. We also have highlighted future trends in the Automotive Artificial Intelligence market that will impact the demand during the forecast period. By Market Players: 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, Bayerische Motoren Werke AG, Audi AG, General Motors Company, Ford Motor Company, Toyota Motor Corporation, Honda Motor Co. Ltd., Hyundai Motor Company, Daimler AG, Uber Technologies, Inc., Didi Chuxing, AImotive, Nauto, Inc., nuTonomy, Zoox Inc., drive.ai,
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Global Automotive Artificial Intelligence Market to Garner $8.89 Billion by 2025 at 45.0% CAGR, Says Allied Market Research
Allied Market Research recently published a report, titled, "Automotive Artificial Intelligence Market by Component (Hardware, Software, and Service), Technology (Machine Learning & Deep Learning, Computer Vision, and Natural Language Processing), and Application (Semi-Autonomous and Autonomous): Global Opportunity Analysis and Industry Forecast, 2017 – 2025." The report offers a detailed analysis of top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, key segments, and changing market trends. According to the report, the automotive AI market was pegged at $445.81 million in 2017 and is anticipated to hit $8.89 billion by 2025, registering a CAGR of 45.0% from 2018 to 2025. Rise in demand for enhanced user experience as well as convenience features and growing demand for autonomous vehicle have fueled the growth of the global automotive AI market. On the other hand, rise in various security & privacy concerns hamper the growth to certain extent.
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