Automotive Artificial Intelligence Market Size 2021 Industry Growth Statistics, Upcoming Trends, Future Demand, Latest Innovation, Key Players Analysis, Share Estimation and 2030 Regional Segmentation
Posted on Jun 11 2021 9:12 AM
"precisionreports.co has announced the addition of Global Automotive Artificial Intelligence Market research report to their database. This market report provides historical data along with future forecast and detailed analysis and also expected opportunities for Automotive Artificial Intelligence on a global and regional level. "
"Final Report will add the analysis of the impact of COVID-19 on this industry."
Global “Automotive Artificial Intelligence Market” 2021-2030 Industry report analyses the growth opportunities as well as the threats to the Automotive Artificial Intelligence Market w.r.t Business Tactics, Sales Volume and Latest Developments that are taking place in Automotive Artificial Intelligence Industry. Facts such as the Product launch events, Automotive Artificial Intelligence Industry news, growth drivers, challenges and investment scope have been analyzed at depth in Automotive Artificial Intelligence research report.
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Market Analysis and Insights:
The Global Automotive AI Market was valued at USD 2.49 billion in 2019, and is estimated to garner USD 74.5 billion by 2030, at a CAGR of 36.2% during the forecast period, from 2020 to 2030.
Artificial Intelligence (AI) is one of the most advancing technologies in computer science. Fully autonomous and semi-autonomous vehicles use artificial intelligence to perform complex tasks such as face recognition, threat detection, image processing, vehicle localization, and mapping. Machine learning technology enables the vehicle in apprehending data, imitate the human mind, language understanding, problem solving and others. Artificial Intelligence and other technologies such as Advance Driver Assistance System (ADAS), Adaptive Cruise Control (ACC), and Electronic Braking Distribution (EBD) make driving experience better and ensure advanced safety for the driver and passengers.
Major Players in Automotive Artificial Intelligence market are:
- IBM Corporation
- Intel Corporation
- Micron Technology
- Microsoft Corporation
- NVIDIA Corporation
- Otto Motors
- Tesla Inc.
The research report studies the Automotive Artificial Intelligence market size using different methodologies and analyzes to supply accurate and in-depth information about the market. For a clearer understanding, it's divided into several parts to cover different aspects of the market. The researchers have used primary and secondary methodologies to collate the information within the report. This report is aimed toward guiding people towards an apprehensive, better, and clearer knowledge of the market. The worldwide Automotive Artificial Intelligence market growth analysis is provided for the international markets including development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status.
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Following Key Segments Covered in the Global Automotive Artificial Intelligence Market Report:
Global Automotive AI Market - By Component
Global Automotive AI Market - By Technology
o Machine Learning & Deep Learning
o Computer Vision
o Natural Language Processing
Global Automotive AI Market - Application
Regional Analysis of Automotive Artificial Intelligence Market:
Europe represents for a major share of the market due to the high demand for driver-assistance technologies, especially during heavy traffic scenarios and the presence of key players in the automotive industry investing heavily in AI.
The market in Asia Pacific is expected to grow due to the high demand for consumer electronics, improving internet infrastructure, and growth in economy and disposable income. Moreover, rise in government initiatives, increase in the demand for premium vehicles, growing investments in AI technology, and high adoption of AI solutions and services for autonomous and semi-autonomous applications are propelling the growth of the market in this region.
Market Dynamics and Trends:
The growth of the automotive artificial intelligence market is attributed to the rise in the demand for autonomous vehicles and the increase in the preference for improved user convenience and experience. However, security and privacy concerns and rise in cybercrime are impeding the market. On the other hand, surge in the demand for premium vehicles is anticipated to create lucrative opportunities in the market.
Market Segmentation and Scope of the Study:
The global automotive AI market has been segmented based on component, technology, application, and geography. On the basis of component, the market is trifurcated into hardware, software, and service. In terms of technology, the market is categorized as machine learning & deep learning, computer vision, and natural language processing. Based application, the market is bifurcated into semi-autonomous and autonomous. On the basis of region, the market is segregated into North America, Europe, Asia-Pacific, and Rest of World (RoW).
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In this report, the experts have clearly extrapolated facts such as market driving factors, market revenue, share, size, opportunities & challenges, changing market dynamics, key players, dominating regions, economic instabilities, and other competitive factors.
Key inclusions of the Automotive Artificial Intelligence market report:
- COVID-19 effects on growth figures.
- Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
- Organized mentions of major market trends.
- Growth opportunities.
- Figures showcasing market growth rate.
- Advantages and disadvantages of direct and indirect sales channels.
- Insights regarding traders, distributors, and dealers present in the industry.
Key Reasons to Purchase Automotive Artificial Intelligence Market Report:
- The report analysis by geography highlighting the consumption of the product/service within the region also as indicating the factors that are affecting the market within each region
- The report provides opportunities and threats faced by the vendors in the global Automotive Artificial Intelligence Industry
- The report indicates the region and segment that's expected to witness the fastest growth
- Competitive landscape which includes the market ranking of the main players, along with new product launches, partnerships, business expansions, and acquisitions.
- The report provides extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the main market players
- The report gives the present as well as the future market outlook of the industry regarding recent developments, growth opportunities, drivers, challenges and restraints of both emerging also as developed regions
What does this report deliver?
- Comprehensive analysis of global as well as regional markets of Automotive Artificial Intelligence market.
- Complete coverage of all the segments in Automotive Artificial Intelligence market to analyze the trends, developments in the global market and forecast of market size up to 2030.
- Comprehensive analysis of the companies operating in global Automotive Artificial Intelligence market. The company profile includes an analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
The report provides an accurate analysis of the changing competitive dynamics. It provides a forward-looking perspective on the various factors that drive or restrict market growth. It provides a five-year forecast evaluated based on Automotive Artificial Intelligence market growth projections. Helps in understanding the key product segments and their future, to gain a complete view of the market, and make informed business decisions by performing an in-depth analysis of the market segments.
Detailed TOC of Global Automotive Artificial Intelligence Market @ https://www.precisionreports.co/TOC/18330232
Global Automotive Artificial Intelligence Industry Report Covers the following Topics:
1.1. Report Description
1.2. Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.5 Primary Research And Data Validation
Market Snapshot, 2019-2030 Million USD
2.1. Market Snapshot
Porter’s Five Force Model Analysis
4.1. Growth Drivers
Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.
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