These reports deliver an in-depth study of the market with industry analysis, the market value for regions and countries, and trends that are pertinent to the industry. AI in Automotive Market size exceeded USD 1 billion in 2019 and is estimated to grow at over 35% CAGR between 2020 and 2026. The application spectrum of Artificial Intelligence in Automotive Industry market is classified into Semi-autonomous Driving andAutonomous Driving. The artificial intelligence for automotive market is divided based on technology, component, region, and application. for the forecast year up to 2029. The deep learning segment for artificial intelligence (AI) in automotive market is expected to witness a lucrative growth of over 45% CAGR from 2020 to 2026 due to the extensive adoption of deep learning solutions for training neural networks to mimic human-like driving behavior. Artificial Intelligence (AI) in Automotive Market Size, By Component (Software, Hardware, Service), ... Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa, Component, Technology, Process, Application, and Region. This chapter explains the regulatory framework that is likely to impact the overall market. This report also provides precise information pertaining to market size, commercialization aspects and revenue estimation of this business. It is expected that these regions will experience rapid growth during the expected time. Get in touch with us for special pricing. Buy Now report with Analysis of COVID-19 [$2999] @ https://www.marketresearchintellect.com/checkout/?buyreport=453052. The adoption of AI hardware will witness a rapid surge to enable self-driving technologies and improve AI algorithms through dedicated AI-enabled GPUs. Artificial Intelligence (AI) in Automotive market is projected to surpass USD 12 billion by 2026. The market is divided between centralized platforms and vision processors. Artificial intelligence surely will bring essentially change the automotive industry, Artificial Intelligence will increase the efficiency, safety, and productivity spell out an eventuality that may totally defy our present perception of how the industry works. In March 2019, the European Commission has made traffic sign recognition mandatory for all vehicles manufactured from 2022 to ensure smooth traffic flow and minimize over-speeding accidents. It examines various key aspects of the market, including the latest technological innovations in the industry, current trends, and development opportunities. The market growth is attributed to the steadily growing uptake of driver assistance technologies for increasing driving comfort and ensuring safe driving experience. Here are a few examples of how smart machinery and AI-powered systems are making automotive production lines more efficient. A summary of the development of every regional contributor including estimated CAGR over the forecast period is stated in the report. Artificial Intelligence (AI) in Automotive Market by Regional Segments: The chapter on regional segmentation details the regional aspects of the Artificial Intelligence (AI) in Automotive market. Artificial intelligence has been a hot topic in the automotive industry for years, and we have seen rapid advances in things like autonomous driving. Leading AI solution providers including NVIDIA, Intel, and Microsoft are focusing on developing energy-efficient deep learning solutions with low power consumption to increase fuel efficiency. Automotive manufacturers are taking note of these trends and are offering innovative driver assistance solutions to gain a competitive advantage. 1. Another factor contributing to the AI in automotive market share is the increasing demand for driver convenience and improving access to mobility. North America is expected to account for the largest market share in the artificial intelligence in automotive market … Semi-autonomous technologies have already been rolled out for production and are expected to commercialize significantly over the forecast timespan. This software ensures that vehicles adhere to speed limits by detecting speed limit signs and automatically reducing vehicle speed as per the regulation. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework. Major automotive manufacturers in Europe such as Toyota, and BMW have been offering semi autopilot and drive cruise control in their latest models. It provides a comparative study of historical data and current landscape to uncover the future performance of the market. This new solution is helping automotive manufacturers to incorporate next-generation ADAS capabilities and intelligent cockpit experiences with limited power consumption and high efficiency. In this context, the market research & strategy consulting company Yole releases today its new technology & market analysis: Artificial Intelligence Computing for Automotive 2020 report. Moreover, hardware is divided into memory, processor, and networks. The product gamut of Artificial Intelligence in Automotive Industry market is fragmented into Deep Learning,Machine Learning,Context Awareness,Computer Vision andNatural Language Processing. for the forecast year up to 2029. The report includes an in-depth study of industry variables, manufacturer value chain, sales volume, market share, competitive landscape, and effective business tactics. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. Based on Applications Artificial Intelligence (Ai) In Automotive Market Segmentation: Human–Machine Interface (HMI) Autonomous Driving Others The report assesses key market growth potential, dynamic market trends, driving factors, restraints, investment opportunities, and threats. Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19. Published Date: Dec 2019  |  Report ID: GMI3199  |  Authors: Preeti Wadhwani, Sachin Kasnale. New entrants are focusing on raising investor funding and new product developments to register significant business growth. The artificial intelligence in automotive market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments: The above information has been provided for the following regions and countries: Need a Discount? The Market research report contains important details regarding the Artificial Intelligence (AI) in Automotive market value based on market dynamics and various growth factors. Market Definition: At an estimated value of over 2.49 billion USD in 2019, the global Automotive Artificial Intelligence (AI) market is predicted to thrive at a CAGR of 36.2% and valued at over USD 74.50 billion over the forecast year 2020-2030. For instance, in September 2019, Horizon Robotics, a leading AI computing company, introduced its 2nd generation automotive AI processor – Horizon Journey 2. The research report on ' Automotive Artificial Intelligence market' now available with Market Study Report, LLC, offers a detailed analysis of the factors influencing the global business sphere. Additionally, the recognition software can also detect traffic signs such as lane changes and stop-go signs to appropriately maneuver the vehicle in dense traffic conditions. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. Additionally, as these systems are powered by AI technologies, chances of error during on-road decision making is minimized. View top Automotive Artificial Intelligence 360 quadrants to know the market … Global Artificial Intelligence for Automotive Applications Market is estimated to be valued US$ XX.X million in 2019. Artificial intelligence in the automotive market is growing rapidly due to the rising demand for autonomous vehicles. “Automotive Artificial Intelligence Market Production Analysis and Geographical Market Performance Forecast . Artificial Intelligence (AI) in Automotive Market - Global market segmentation by types, application, regions, company market share, key developments, SWOT analysis, CAGR, sales, competitive analysis, financial performance to 2026 Identify the best Automotive Artificial Intelligence. Thanks for reading our report. The deep learning segment for artificial intelligence (AI) in automotive market is expected to witness a lucrative growth of over 45% CAGR from 2020 to 2026 due to the extensive adoption of deep learning solutions for training neural networks to mimic human-like driving behavior. Artificial intelligence: automotive’s new value-creating engine 7 Our analyses yielded the following key insights, which will be explained in more detail in the course of the report (for details on our sources and methodology see text box 1 and the appendix): The Detailed Market intelligence report on the Artificial Intelligence for Automotive Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Artificial Intelligence for Automotive Market place for the forecast 2020– 2025. This kind of autonomous vehicles set up with AI enhances the user experience and reduces human intervention. The 2025 market for AI, including ADAS and robotic vehicles, is estimated at US$2.75 billion - of which US$2.5 billion will be “ADAS only”. The market growth is attributed to the steadily growing uptake of driver assistance technologies for increasing driving comfort and ensuring safe driving experience. In this article, we will look at 5 applications of artificial intelligence that are impacting automakers, vehicle owners, and service providers. Global Automotive Artificial Intelligence Market is estimated to be valued US$ XX.X million in 2019. The report offers an in-depth study of the Artificial Intelligence (AI) in Automotive market by defining its core segments. For instance, in October 2019, Tesla announced the early release of its fully autonomous vehicles by Q1 2020 for capturing early mover advantage. The report provides a comprehensive analysis of the major market players in the market along with their business overview, expansion plans, and strategies. Get more details on this report - Request Free Sample PDF. Artificial Intelligence (AI) in Automotive market is projected to surpass USD 12 billion by 2026. The hardware segment accounted for approximately 52.87% of the share in the global artificial intelligence (AI) in automotive market in 2018. Read unbiased reviews and insights, compare features and key buying criteria. Artificial Intelligence for Automotive market segments included in the report: Regional segmentation: North America, Europe, Asia-Pacific, South America, Middle East and Africa; Country-level analysis. Further, the The global artificial intelligence in automotive market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. Artificial intelligence (AI) holds the key to a new future of value for the automotive industry. The image/signal recognition segment held the majority of the AI in automotive market share with over 65% in 2019 and is expected to continue its dominance over the forecast timespan due to the increasing deployment of traffic sign recognition software in autonomous vehicles. By 2026, the semi-autonomous vehicles segment will dominate the European AI in automotive industry and is set to grow at an impressive CAGR of over 33% owing to extensive demand for driver-assistance technologies and facilitating driving during heavy traffic scenarios. From a regional frame of reference, the Artificial Intelligence in Automotive market is bifurcated into North America, Europe, Asia-Pacific, Southeast Asia, Middle East and Africa, South America. The MarketWatch News Department was not involved in the creation of this content. Artificial Intelligence (AI) in Automotive Market (6 Forces Forecast 2020-2026) research report offers in-intensity insight of the Artificial Intelligence (AI) in Automotive industry masking all vital parameters along with Marketing Channel, Direct Marketing, Indirect Marketing, Brand Strategy, Pricing Strategy, Market Positioning, Target Client, and Distributors/Traders List. New Jersey, United States,- The Artificial Intelligence (AI) in Automotive Market Size And Forecast to 2027. Unique insights provided by Artificial Intelligence (Ai) In Automotive Market Research Report also includes the following: In-depth value chain analysis The global automotive artificial intelligence market is expected to grow at a CAGR of 45.0% from 2019 to 2025. For instance, in June 2019, Audi partnered with Alibaba AI Labs in conjunction with Honda and Renault to jointly focus on the R&D of AI and voice technology. Furthermore, the development of AI optimized processors and computing hardware will enable enterprises to design and deploy improved autonomous solutions. Prominent players operating in AI businesses are focusing on strengthening their R&D capabilities and forging strategic alliances with other leading enterprises for speeding up the technology development cycle. The report measures the market share of every application segment and subsequently predicts their respective growth rate over the estimated timeframe. The increasing importance of perception sensors including high-resolution cameras, LiDAR, and radar in providing accurate localization & context awareness to onboard AI systems is accentuating the growth of the hardware segment. It examines various key aspects of the market, including the latest technological innovations in the industry, current trends, and development opportunities. 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