Automotive Artificial Intelligence Market Synopsis:Artificial intelligence in the automotive industry is responsible for making the drastic changes in how to build and use the vehicles. The manufactures are continually absorbing the artificial intelligence into each aspect of automotive industry.
The automotive artificial intelligence market is booming due to the continuous demand for automotive industry. The market is witnessing the significant growth in the future owing to the emergence of cloud-hosted intelligence and internet of things. However, the major players in the automotive industry is largely investing in advancement of artificial intelligence for automobiles, which is one of the important factor for the growth of the market. The opportunity for the market includes changing consumer preference towards convenience and safety is one of the opportunity for original equipment manufacturers in the market.
The market is classified into various segments such as by technology, by process, by application, and by region. According to the technology segment the market is bifurcated into deep learning, machine learning, computer vision, context awareness, and natural language processing. Deep learning technology is expected to grow at the highest rate. On the basis of process, the market is divided into data mining, image recognition, and signal recognition. The applications are categorized into autonomous vehicle, semi-autonomous driving, and human machine interface.
Geographically, market is bifurcated into various regions including, North America, Europe, APAC, and LAMEA. North America is expected to dominate the largest market share. The technology is developed owing to the existence of incentives and huge funding form the government.
On the basis of competitive analysis, the market includes some of the major players such as Nvidia, IBM, Intel, Microsoft, Alphabet, Baidu, AImotive, Nauto, nuTonomy, and Zoox. These players adopt various development strategies such as expansion, product launch, partnership, and others to sustain the growth of the market.
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