The automotive
artificial intelligence (AI) market is expected to be valued at USD 782.9
Million in 2017 and is expected to reach USD 10,573.3 Million by 2025, at a
CAGR of 38.46% between 2017 and 2025. The increasing government regulations for
vehicle safety, growing adoption of ADAS technology by OEMs, and rising demand
for enhanced user experience play a significant role in the growth of the
automotive AI market.
The
automotive AI market, in this report, has been segmented on the basis of
offering, technology, process, application, and region. On the basis of
offering, the automotive AI market is segmented into hardware and software.
Companies such as Alphabet Inc. (US), Microsoft Corporation (US), IBM
Corporation (US), and Intel Corporation (US) are among the frontrunners in the
development of AI software for the automotive industry.
On
the basis of technology, the market is segmented into deep learning, machine
learning, context awareness, computer vision, and natural language processing.
Deep learning technology is expected to be the largest and the fastest-growing
technology. Many companies are investing in the development of self-driving
cars in which the deep learning technology is used for image processing, speech
recognition, and data analysis. For instance, Google is heavily investing in
autonomous vehicles through its spin-off Waymo and has an active system
integrated into its self-driving vehicle with the deep learning technology to
detect pedestrians in different situations.
The
automotive artificial intelligence market, on the basis of process, is
segmented into signal recognition, image recognition, and data mining. Data is
collected from different sensors used in a semi-autonomous or autonomous
vehicle, which can be used to train the vehicle to detect or recognize images,
obstacles, and various scenarios one might encounter behind the wheel. Due to
the huge volumes of data generated and processed in a vehicle, data mining is
expected to be the fastest-growing process in the automotive AI market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=248804391
The
automotive AI market in APAC is expected to grow at a high rate between 2017
and 2025. APAC’s massive population, fast-growing economies, and rising living
standards are well positioned to ride the AI wave. This region houses
established automakers such as Toyota (Japan), Hyundai Motor Company (South
Korea), and Honda Motor Company (Japan). Other countries in APAC, such as South
Korea and Japan, have strong technological capabilities. The region, therefore,
represents a balanced blend of demand and technology, making it an ideal
investment for any OEM.
About
MarketsandMarkets™
MarketsandMarkets™
provides quantified B2B research on 30,000 high growth niche
opportunities/threats which will impact 70% to 80% of worldwide companies’
revenues. Currently servicing 7500 customers worldwide including 80% of global
Fortune 1000 companies as clients. Almost 75,000 top officers across eight
industries worldwide approach MarketsandMarkets™ for their painpoints around
revenues decisions.
Our
850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high
growth markets following the “Growth Engagement Model – GEM”. The GEM aims at
proactive collaboration with the clients to identify new opportunities,
identify most important customers, write “Attack, avoid and defend” strategies,
identify sources of incremental revenues for both the company and its
competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants
(Positioning top players across leaders, emerging companies, innovators,
strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s
flagship competitive intelligence and market research platform,
“Knowledgestore” connects over 200,000 markets and entire value chains for
deeper understanding of the unmet insights along with market sizing and
forecasts of niche markets.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™
INC.
630
Dundee Road
Suite
430
Northbrook,
IL 60062
USA:
1-888-600-6441
No comments:
Post a Comment