Automotive Artificial Intelligence
Automotive Artificial Intelligence Market by Component, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2017 – 2025
PORTLAND, OR, UNITED STATES, July 4, 2023/EINPresswire.com/ — The global automotive artificial intelligence market size is expected to reach $8.88 billion by 2025, growing at a CAGR of 45.0% from 2018 to 2025. This growth is being driven by the increasing adoption of autonomous vehicles and the growing demand for enhanced user experience and convenience features.
Artificial intelligence (AI) is being used in a variety of automotive applications, including semi-autonomous and autonomous vehicles. In autonomous vehicles, AI collects and processes information from sensors such as radar, lidar, and cameras to make decisions about how to operate the vehicle. AI is also being used in a variety of other automotive applications, such as advanced driver assistance systems (ADAS), infotainment systems, and manufacturing.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-sample/4638
The global automotive AI market is segmented by component (hardware, software, and services), technology (machine learning & deep learning, natural language processing, and computer vision), and application (semi-autonomous, autonomous, and ADAS). The hardware segment is expected to dominate the market in terms of revenue in the forecast period. This is due to the high cost of sensors and other hardware components used in AI-powered automotive applications.
The Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is being driven by the increasing demand for premium vehicles and the growing adoption of autonomous vehicles in China and other countries in the region.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐃𝐚𝐭𝐚, 𝐓𝐚𝐛𝐥𝐞𝐬 𝐚𝐧𝐝 𝐀𝐜𝐭𝐢𝐨𝐧𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬) 𝐍𝐨𝐰 – https://www.alliedmarketresearch.com/automotive-artificial-intelligence-market/purchase-options
The key players in the global automotive AI market include NVIDIA Corporation, Waymo, Intel Corporation, IBM Corporation, Microsoft Corporation, Micron Technology, Otto Motors, BMW, Tesla Inc., and Toyota. These companies are investing heavily in research and development to develop new AI-powered automotive technologies.
𝐇𝐞𝐫𝐞 𝐚𝐫𝐞 𝐬𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐚𝐫𝐭𝐢𝐟𝐢𝐜𝐢𝐚𝐥 𝐢𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐭𝐮𝐝𝐲:
• The hardware segment is expected to dominate the market in terms of revenue.
• Semi-autonomous dominated the market in 2017.
• Machine learning & deep learning based on the technology segment accounted for the highest revenue.
• North America held the majority of market share in 2017.
• LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐭𝐡𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/4638
David Correa
Allied Analytics LLP
+ 1-800-792-5285
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