Automotive ai (artificial intelligence) market

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Automotive AI Market To Reach USD 9.40 Billion By
2026
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Market Summary
Rise in demand for enhanced customer experience
and convenience features, significant improvement
in AI technology will drive the market at a high
CAGR during the forecast period. Market Size-
USD 520 Million in 2018, Market Growth- CAGR of
43.6, Market trends- Growing demand for
autonomous vehicle, North America expected to
register the highest market share during the
forecast period The Automotive AI market was
valued at USD 520 million in 2018 and is expected
to reach USD 9.40 billion by the year 2026, at a
CAGR of 43.6 CAGR during the forecast period
(from 2018 2026). The rising government
regulations for driver and passenger safety,
rising adoption of ADAS and HMI (human-machine
interface) technology by OEMs, and growing demand
for enhanced customer experience play a critical
role in the growth of the automotive AI market.
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Our Approach
Market Summary

• Artificial intelligence (AI) is a branch of
  computer science that focusses on the creation of
  intelligent machines that work like humans.
  Computers with artificial intelligence are
  designed for planning, speech recognition,
  learning, and problem-solving. The overall
  automotive industry is one of the most
  technology-intensive sectors. Nowadays, the
  development of driverless or autonomous cars are
  one of the major innovations in the global
  automotive industry. Artificial Intelligence (AI)
  gives the vehicle the ability to see, think,
  learn, and navigate a nearly infinite range of
  different driving scenarios. The automotive
  industry uses the power of AI and deep learning
  technology to achieve a breakthrough end-to-end
  solution for the autonomous vehicle by collecting
  data, generating statistical models, and
  simulation testing to the deployment of safe,
  smart, and self-driving vehicles.
• Asia Pacific region is expected to register
  highest CAGR over the forecast period due to the
  fast-growing economies, massive populations,
  increasing living standards and several homegrown
  giant OEMs
• However, the rise in cybercrime and the threat of
  hackers and the rise in the overall cost of a
  vehicle is anticipated to hamper the growth of
  automotive AI market to some degree. On the other
  hand, maintaining the balance between cost and
  quality are the key hurdles of the market. In
  addition, increased funding for RD of autonomous
  vehicles and the development of an autonomous
  fleet of the cab and parcel delivery services are
  the major trends observed in the automotive
  artificial intelligence market.
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Our Approach
Market Summary

• Key participants NVIDIA Corporation (US),
  Alphabet Inc. (US), Intel Corporation (US), IBM
  Corporation (US), Microsoft Corporation (US),
  Harman International Industries Inc. (US), Xilinx
  Inc. (US), Qualcomm Inc. (US), Tesla Inc. (US),
  Volvo Car Corporation (Sweden) and others.
• For the purpose of this study, Reports and Data
  have segmented the industry by Technology, by
  Function, by Process, by Component and by Region
• Automotive AI by Technology (Revenue, USD
  Million 20162026)
• Machine and Deep Learning
• Computer Vision
• Natural Language Processing
• Automotive AI by Function (Revenue, USD Million
  20162026)
• Digital/ Mobility Services
• Manufacturing Operations
• Procurement
• RD and Engineering
• Customer Experience
• Supply Chain

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Our Approach
Market Summary

• Automotive AI by Process (Revenue, USD Million
  20162026)
• Signal Recognition
• Image Recognition
• Data Mining
• Automotive AI by Component (Revenue, USD Million
  20162026)
• Hardware
• Software
• Automotive AI by Region (Revenue, USD Million
  20162026)
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
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About Us
Our Approach
About Us

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  market. Reports and Data has a strong base of
  experienced analysts from varied areas of
  expertise.
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