DUBLIN, Sept. 16, 2022 /PRNewswire/ — The “Global Artificial Intelligence (AI) in Automotive and Transportation Market Research Report: Forecast (2021-2026)” report has been added to ResearchAndMarkets.com’s providing.
This market is probably going to develop at a CAGR of round 20% throughout 2021-26. The market progress attributes to the snowballing recognition of autonomous automobiles with the excessive degree of driver consolation and lowering probabilities of accidents. The rising demand for technologically superior automotive options and the urge to personal premium section automobiles is accelerating the market progress.
Further, the rising want for a technologically superior answer that would assist in lowering the incidences of human error whereas driving and the surging truck platooning that requires wealthy connectivity know-how & automated driving assist is propelling the market progress.
Market Segmentation
Deep Learning Accounted for the Largest Market Share
Based on know-how, the market bifurcates into Machine Learning, Natural Language Processing, Context-Aware Computing, Computer Vision, and Deep Learning. Among these, deep studying know-how acquired the most important share in the Artificial Intelligence Market for the Automotive and Transportation Market owing to its big selection of purposes in the transportation administration sector.
Further, deep studying is used for coaching networks to imitate human-like driving conduct. Additionally, with a deep studying mechanism, the protection of the car will increase. Thus, this section contributes to the general progress of the market, says The writer in their analysis report, “Global Artificial Intelligence (AI) in Automotive and Transportation Market Analysis, 2021.”
Autonomous Driving Processing Chips Attained the Highest Market Share
Based on the Application, the market segments into Human-Machine Interface, Driver Monitoring, Driver/ Identity Authentication, Autonomous Driving Processing Chips, and Intelligent Traffic Management System. Out of those, the Autonomous Driving Processing Chips dominated the “Global Artificial Intelligence (AI) in Automotive and Transportation Market” in 2019.
Every AI-based car requires sure in-built applied sciences, sensors, and chips to carry out its major capabilities meant to be carried out by the motive force. Therefore, the demand for Autonomous Driving Processing Chips is hovering in the market. However, the implementation value of those applied sciences is significantly excessive as AI-based car requires high-end technological options for its efficiency, thereby hampering the market progress.
Regional Landscape
North America Dominated the Market
Geographically, North America held the most important share in the “Global Artificial Intelligence (AI) in Automotive and Transportation Market” in 2019 due to the mounting integration of self-driving automobiles and the surging automated vehicles in the US. The availability of superior know-how to combine synthetic intelligence packages into the logistics trade in this area is larger than in others. Additionally, the rise in utilization of AI-based vehicles by the US transportation and logistics trade to scale back operational prices is accelerating the market progress in this area.
Market Driver
Burgeoning Demand for Autonomous Vehicles
Due to the rising choice of shoppers to personal a premium automobile and the rising buying energy of the patron, the demand for autonomous automobiles has spurred immensely. Additionally, autonomous automobiles have gained recognition owing to their options together with self-driving, and automated parking. The autonomous car additionally reduces the probabilities of accidents and human error. Thus, the rising demand for autonomous automobiles will gasoline the market progress in the forecast timeline.
Key Topics Covered:
1. Introduction
2. Preface
3. Executive Summary
4. Impact of COVID-19 on Global Artificial Intelligence (AI) Market for Automotive and Transportation Market
5. Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Trends & Insights
6. Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Dynamics
7. Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Hotspots & Opportunities
8. Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Regulations & Policy
9. Global Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016- 2026F
10. North America Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
11. South America Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
12. Europe Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
13. Middle East & Africa Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
14. Asia Pacific Artificial Intelligence (AI) Market for Automotive and Transportation Market Outlook, 2016-2026F
15. Key Strategic Imperatives for Success and Growth
16. Competition Outlook
17. Disclaimer
Companies Mentioned
- Continental AG,
- Denso Corporation,
- Nvidia Corporation,
- Intel Corporation,
- Harman International,
- AI Motive,
- Argo AI,
- Siemens,
- Thales Group,
- CarVi,
- Valeo,
- Optalert,
- Orbcomm Inc.,
- Visteon Corporation
For extra details about this report go to https://www.researchandmarkets.com/r/njvoxf
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SOURCE Research and Markets
