Automotive Artificial Intelligence Market Outlook And Future Scope Analysis Forecast To 2023

Automotive Artificial Intelligence Market Overview

Other factors which are backing the growth of the automotive artificial intelligence market include progress in interrelated technologies such as natural language processing (NLP) and machine learning techniques, which allow integration of AI in automobiles. Increased demand for driver and passenger personalization is also a crucial factor. Automotive artificial intelligence allows anomaly and object detection, driverless cars, trucks, gesture recognition, predictive maintenance, on-road customer service, and others.

Competitive Landscape

General Motors Company (US), Toyota Motor Corporation (Japan), BMW AG (Germany), Audi AG (Germany), Ford Motor Company (US), Volvo Car Corporation (Sweden), Tesla Inc. (US), Qualcomm Inc. (US), Hyundai Motor Corporation (South Korea), and Uber Technologies Inc. (US) are the key players in the automotive artificial intelligence market.

Industry Updates

June 2019 - Volvo, a Swedish multinational manufacturing company and Nvidia, an American technology company, have entered into a partnership to collaborate on AI technology for self-driving vehicles. By incorporation of AI to its trucks, Volvo aims to disrupt the public and freight transport industry.

Segmentation

The automotive artificial intelligence market has been segmented based on technology, process, application.

By technology, the automotive artificial intelligence market has been segmented into machine learning, deep learning, computer vision, context awareness, and natural language processing.

By process, the automotive artificial intelligence market has been segmented into image recognition, signal recognition, and data mining.

By application, the automotive artificial intelligence market has been segmented into semi-autonomous driving, human-machine interface, and autonomous driving.

Regional Analysis

Region-wise, the automotive artificial intelligence market has been segmented into North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

Europe too is a prominent revenue generator in the automotive artificial intelligence market. The automotive manufacturers present in the region are actively engaged in the incorporation of advanced technologies in the automotive sector. Substantial investment in AI along with a growing preference for autonomous vehicles, has fostered the market growth. The UK is a key contributor to the Europe market.

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