About Automotive Artificial Intelligence
Automotive Artificial intelligence refers to a system built in vehicles which have the capability to mimic the cognitive functions of the human mind, have the ability to learn and solve problems independently and are rapidly being deployed across a variety of industries and use cases. It controls the in-vehicle system and eventually prevents the accident. AI in automotive for smart mobility where AI will be the driver, and passengers may not care about traffic congestion possibilities as the vehicle will have the ability to choose the best route, emergency control, fuel status and other important aspects.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
CAGR | 37.86% |
Recently, Nuance communication has announced a new AI research center which will focus on smart and autonomous car technologies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Automotive Artificial Intelligence market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alphabet Inc. (United States), Microsoft Corporation (United States), IBM Corporation (United States), Intel Corporation (United States), Harman International Industries Inc. (United States), Xilinx Inc. (United States), Qualcomm Inc. (United States), Tesla Inc. (United States), General Motors Company (United States), Ford Motor Company (United States), Uber Technologies Inc. (United States), BMW AG (Germany), Audi AG (Germany), Daimler AG (Germany), Toyota Motor Corporation (Japan), Honda Motor Co. Ltd. (Japan), Hyundai Motor Corporation (South Korea) and Volvo Car Corporation (Sweden) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are AImotive (Hungary), Nauto (United States), nuTonomy (United States), Argo AI (United States), drive.ai (United States) and Didi Chuxing (China).
Segmentation Overview
AMA Research has segmented the market of Global Automotive Artificial Intelligence market by Type (Hardware and Software), Application (Human–Machine Interface, Semi-autonomous Driving and Autonomous Driving) and Region.
On the basis of geography, the market of Automotive Artificial Intelligence has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Deep Learning will boost the Automotive Artificial Intelligence market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Process, the sub-segment i.e. Signal Recognition will boost the Automotive Artificial Intelligence market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Autonomous Vehicles Performing All Driving Functions and Advancement in Technology and Adoption of IOT
Market Growth Drivers:
Growing Demand for Enhanced User Experience and Convenience Features, Government Regulation for Vehicle Safety in Emerging Economies and Rising Adoption of ADAS Technology by OEM
Challenges:
Maintaining Balance between Cost and Quality
Restraints:
Operator do not have Full Control over the Tournament and Leagues and Increasing Security and Privacy Concerns
Opportunities:
Increasing Demand for Premium Segment Vehicles and Boosting Fuel Efficiency
Market Leaders and their expansionary development strategies
In October 2018, Honda has joined hands with General Motors tech startup Cruise to develop autonomous vehicles as the race to market self-driving cars heats up, the companies and In September 2018, Mercedes-Benz has partnered with SoundHound to integrate its Houndify voice-enabled artificial intelligence into the car’s latest infotainment system.
Key Target Audience
Semiconductor companies, Technology providers, Universities and research organizations, System integrators, AI solution providers, AI platform providers, Cloud service providers, Technology providers, AI system providers, Universities and research organizations, Investors and venture capitalists, Governments and Financial Institution and Research Organization and consulting companies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.