Automotive Artificial Intelligence Market|Key players are
Alphabet Inc. , Audi AG , Bayerische Motoren Werke AG,
Daimler AG , Ford Motor Company , General Motors Company
, Honda Motor Co. Ltd., Hyundai Motor, IBM , Intel, Micron
Technology , Microsoft, NVIDIA , Tesla Inc., Toyota Motor,
Uber Technologies Inc., Volvo Car, Volkswagen Group , Waymo
LLC , and Xilinx Inc.
Meticulous Research® – leading global market research company researching on
market titled “Automotive Artificial Intelligence Market by Offering
(Hardware, Software), Technology (Machine Learning, Deep Learning, Computer
Vision, Context Awareness, Natural Language Processing), Process (Image
Recognition, Signal Recognition, Voice Recognition, Data Mining), Drive
(Autonomous Drive, Semi-autonomous Drive), and Region – Global Forecast to
2025’’.
Autonomous vehicle is a quite novice concept in automobiles which is still in its
nascent stage of development. Autonomous vehicles are capable of reading and
sensing the environment and operates without human input. These vehicles are
packed with several features such as less driver stress and tedium, automatic parking,
autopilot mode, and others. Furthermore, it provides independent mobility for nondrivers, including people with disabilities, adolescents, and others who for any reason
are not capable of driving. Nowadays, several major automotive manufacturers are
contributing towards the development of semi-autonomous and fully autonomous
vehicles and AI plays vital part in this. At present, Tesla’s autopilot is the only partialautonomous system on the market. Tesla’s autopilot system equipped with advanced
AI has features such as keeping the vehicle within a lane while driving, auto changing
the lanes whenever required, self-parking, and others. Meanwhile, other automotive
giants including BMW, Volvo, Nissan, Mercedes, Audi, GM, Ford, and Toyota are
introducing several autonomous features powered by AI such as departure warning
and auto-parking. Thereby, growing demand for autonomous vehicle is expected to
propel the growth of the automotive artificial intelligence market significantly in the
next few years.
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Key Findings in the Global Automotive Artificial Intelligence Market
Study:
Deep Learning Dominates the Global Automotive Artificial Intelligence
Market, by Technology
Based on Technology, the global automotive artificial intelligence market is segmented
into machine learning, deep learning, computer vision, context awareness, and natural
language processing. Deep learning dominated the global automotive artificial
intelligence market in 2018, mainly due to increasing investment by many companies
in the development of self-driving cars in which the deep learning technology is used
for image processing, data analysis, motion detection, and voice search. It also
registers the highest CAGR during the forecast period.
Data Mining Segment to Register Highest Growth, by Process
Based on Process, the global automotive artificial intelligence market is segmented
into signal recognition, image recognition, and data mining. The data mining segment
is expected to register the highest CAGR during the forecast period. This is mainly
attributed to the large volumes of data generated and processed in a vehicle.
Asia-Pacific: The Fastest Growing Regional Market
North America commanded the largest share of the global automotive artificial
intelligence market in 2018, followed by Europe, Asia-Pacific, Middle East & Africa,
and Latin America. This is due to the early adoption of artificial intelligence technology
and presence of major automotive manufacturers. However, the Asia-Pacific is the
fastest growing regional market due to the growing population and economies, rising
living standards, rapid improvement in data storage capacity, high computing power,
increasing investment by technology leader, and government initiatives to promote
manufacturing activities in developing countries such as India, South Korea, and
China.
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Key Players Operating in the Automotive Artificial Intelligence Market
The major players operating in the global automotive artificial intelligence market are
Alphabet Inc. (U.S.), Audi AG (Germany), Bayerische Motoren Werke AG (Germany),
Daimler AG (Germany), Didi Chuxing Technology Co., Ltd. (China), Ford Motor
Company (U.S.), General Motors Company (U.S.), Harman International Industries
Inc. (South Korea), Honda Motor Co. Ltd.(Japan), Hyundai Motor Corporation (South
Korea), IBM Corporation (U.S.), Intel Corporation (U.S.), Micron Technology, Inc.
(U.S.), Microsoft Corporation (U.S.), NVIDIA Corporation (U.S.), Otto Motors (U.S.),
Qualcomm Inc. (U.S.), Tesla Inc. (U.S.), Toyota Motor Corporation (Japan), Uber
Technologies Inc. (U.S.), Volvo Car Corporation (Sweden), Volkswagen Group
(German), Waymo LLC (U.S.), and Xilinx Inc.(U.S.).
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