Automotive Artificial Intelligence Market Research Future - Global Forecast to 2027

Automotive Artificial Intelligence Market Information Report by Technology (Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing), by Process (Signal Recognition, Image Recognition, Data Mining), by Application (Human-Machine Interface, Semi-autonomous Driving, Autonomous Driving) and by Regions - Global Forecast To 2027

ID: MRFR/AM/2905-HCR | February 2021 | Region: Global | 111 pages

 Automotive Artificial Intelligence Market Scenario

The global automotive artificial intelligence market is expected to register a healthy growth rate of more than 10%.

The booming automotive industry is a constant source of driving demand in the automotive artificial intelligence market. With the emergence of cloud-hosted intelligence, driver assist features and internet of thing the market for automotive artificial intelligence is expected to witness significant growth in the near future. Additionally with major players in the automotive industry heavily investing in development of artificial intelligence for automobiles, the industry wide standard such as the adaptive cruise control, advanced driver assistance systems and blind spot alert would further trigger the growth in the market. Changing consumer preference towards convenience and safety provides an opportunity for original equipment manufacturers in the automotive AI market. 

High cost and relative lack of awareness among consumers is expected to act as a major restraint in the automotive AI market.

Regional Analysis

By 2023, North America is expected to be the dominant region in the Automotive Artificial Intelligence market primarily due to the presence of major manufacturers in this region. In addition availability of sophisticated technology to develop artificial intelligence programs are much more easily accessible in this region as compared to others. Growing expectance of autonomous vehicles in the U.S. has significantly contributed towards the growth of the market in this region. Favorable government norms coupled with Ford Motor Company, General Motors, and Fiat-Chrysler Automotive leading the charge in the development of the artificial intelligence in automotive by constantly upgrading their product will have a positive impact on the market.

Key Players

The key players of global Automotive Artificial Intelligence market Qualcomm Inc. (US), Tesla Inc. (US), Volvo Car Corporation (Sweden), BMW AG (Germany), Audi AG (Germany), General Motors Company (US), Ford Motor Company (US), Toyota Motor Corporation (Japan), Hyundai Motor Corporation (South Korea), Uber Technologies Inc. (US) .

Market Segmentation

 Automotive Artificial Intelligence Market Image

Intended Audience

  • Distributer & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities

Product Analysis

  • Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information

  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators

Geographic Analysis

  • Geographical analysis across 15 countries

Company Information

  • Profiling of 10 key market players

  • In-depth analysis including SWOT analysis, and strategy information of related to report title

  • Competitive landscape including emerging trends adopted by major companies

The report for Global Automotive Artificial Intelligence Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   10% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Process, By Application, By Vehicle type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Qualcomm Inc. (US), Tesla Inc. (US), Volvo Car Corporation (Sweden), BMW AG (Germany), Audi AG (Germany), General Motors Company (US), Ford Motor Company (US), Toyota Motor Corporation (Japan), Hyundai Motor Corporation (South Korea), Uber Technologies Inc. (US)
  Key Market Opportunities

  • Cloud-hosted intelligenceDriver assist features
  • Internet of thing
  •   Key Market Drivers

  • Advanced driver assistance systems
  • Blind spot alert

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    Frequently Asked Questions (FAQ) :

    The need for features such as ADAS and adaptive cruise control is estimated to influence the market’s growth.

    A 10% CAGR is expected to steer the market in the coming years.

    An encouraging income level is projected to be seen in the market.

    Audi AG (Germany), BMW AG (Germany), Ford Motor Company (US), and General Motors Company (US) are existing in the market.

    The North American region is estimated to appear as the leader in the market globally.