Press release
Automotive Artificial Intelligence Market Expected to Reach $5,827.6 Million | By Top Leading Companies NVIDIA Corporation, Waymo, Intel Corporation, IBM Corporation, Microsoft Corporation, Micron Technology, Otto Motors, BMW, Tesla Inc., and Toyota
Automotive Artificial Intelligence Market
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Artificial intelligence has been increasingly adopted by the automotive industry, which is among the major industries using AI to mimic the action of humans. Applications that incorporate AI systems in automotive are semiautonomous and autonomous vehicles. In autonomous vehicles, AI collects, processes, and chooses the specific action based on the information gathered. Semiautonomous and autonomous vehicles use several advanced tools such as long-range radar, LIDAR, cameras, short/medium radar, and ultrasound to gather information and understand the world around them. After collection of data through different tools, AI analyzes the situation through its technologies such as machine & deep learning, natural language processing, and computer vision.
At present, North America dominates this market. In 2017, China is expected to register the highest growth in Asia-Pacific. Similarly, the UK is expected to lead the overall market in Europe in 2017. In the same year, the U.S. is estimated to dominate the North American market.
The growth of the automotive artificial intelligence market is driven by rise in demand for autonomous vehicles and increase in preference for enhanced user experience & convenience features. However, the threat of hackers and rise in cybercrime are expected to restrain the market growth. On the contrary, rise in demand for the premium vehicle segment is anticipated to provide lucrative growth opportunities for the market.
In 2017, based on component, the hardware segment is anticipated to dominate the global automotive artificial intelligence market, in terms of revenue. However, based on application, semiautonomous dominated the global market in the same year.
The report includes a micro-level study of different regions adopting automotive artificial intelligence for various application. In addition, it discusses the potential opportunities for market players to enter the market. Moreover, it provides an in-depth market analysis of automotive artificial intelligence, outlining current trends, key driving factors, and potential areas for product investments.
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The global automotive AI market is analyzed based on four regions, North America, Europe, Asia-Pacific, and LAMEA. Furthermore, the report highlights the competitive landscape of the key market players to increase their shares and sustain the intense competition in the industry. NVIDIA Corporation, Waymo, Intel Corporation, IBM Corporation, Microsoft Corporation, Micron Technology, Otto Motors, BMW, Tesla Inc., and Toyota are some of the key players operating in the global automotive AI market.
Key Market Players Profiled
• NVIDIA Corporation
• Waymo
• Intel Corporation
• IBM Corporation
• Microsoft Corporation
• Micron Technology
• Otto Motors
• BMW
• Tesla Inc.
• Toyota
LIST OF TABLES
TABLE 01. GLOBAL AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 02. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR HARDWARE, BY REGION, 2017-2024 ($MILLION)
TABLE 03. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR HARDWARE, BY TYPE, 2017-2024 ($MILLION)
TABLE 04. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR HARDWARE, BY SUB-TYPE, 2017-2024 ($MILLION)
TABLE 05. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR SOFTWARE, BY REGION, 2017-2024 ($MILLION)
TABLE 06. AUTOMOTIVE ARTIFICIAL INTELLIGENCEMARKET REVENUE FOR LEVEL THREE, BY REGION, 2020-2025 ($MILLION)
TABLE 07. GLOBAL AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 08. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR MACHINE LEARNING & DEEP LEARNING, BY REGION, 2017-2024 ($MILLION)
TABLE 09. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR COMPUTER VISION, BY REGION, 2017-2024 ($MILLION)
TABLE 10. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR NATURAL LANGUAGE PROCESSING, BY REGION, 2017-2024 ($MILLION)
TABLE 11. GLOBAL AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 12. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR SEMI-AUTONOMOUS, BY REGION, 2017-2024 ($MILLION)
TABLE 13. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR AFULLY UTONOMOUS, BY REGION, 2017-2024 ($MILLION)
TABLE 14. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY REGION, 2017-2024 ($MILLION)
TABLE 15. NORTH AMERICA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR COMPONENT, 2017-2024 ($MILLION)
TABLE 16. NORTH AMERICA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 17. NORTH AMERICA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR APPLICATION, 2017-2024 ($MILLION)
TABLE 18. NORTH AMERICA AUTOMOTIVE ARTIFICIAL INTELLIGENCEMARKET REVENUE, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 19. U.S. AUTOMOTIVE ARTIFICIAL INTELLIGENCEMARKET REVENUE, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 20. U.S. AUTOMOTIVE ARTIFICIAL INTELLIGENCEMARKET REVENUE, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 21. U.S. AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 22. CANADA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COMPONET, 2017-2024 ($MILLION)
TABLE 23. CANADA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 24. CANADA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 25. MEXICO AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COMPONET, 2017-2024 ($MILLION)
TABLE 26. MEXICO AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 27. MEXICO AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 28. EUROPE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR COMPONENT, 2017-2024 ($MILLION)
TABLE 29. EUROPE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 30. EUROPE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR APPLICATION, 2017-2024 ($MILLION)
TABLE 31. EUROPE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COUNTRY, 2017-2024 ($MILLION)
TABLE 32. UK AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COMPONENT, 2017-2024 ($MILLION)
TABLE 33. UK AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 34. UK AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 35. GERMANY AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COMPONET, 2017-2024 ($MILLION)
TABLE 36. GERMANY AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 37. GERMANY AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 38. RUSSIA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COMPONET, 2017-2024 ($MILLION)
TABLE 39. RUSSIA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 40. RUSSIA AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 41. FRANCE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COMPONET, 2017-2024 ($MILLION)
TABLE 42. FRANCE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 43. FRANCE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 44. REST OF EUROPE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COMPONET, 2017-2024 ($MILLION)
TABLE 45. REST OF EUROPE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 46. REST OF EUROPE AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY APPLICATION, 2017-2024 ($MILLION)
TABLE 47. ASIA-PACIFIC AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR COMPONENT, 2017-2024 ($MILLION)
TABLE 48. ASIA-PACIFIC AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR TECHNOLOGY, 2017-2024 ($MILLION)
TABLE 49. ASIA-PACIFIC AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE FOR APPLICATION, 2017-2024 ($MILLION)
TABLE 50. ASIA-PACIFIC AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET REVENUE, BY COUNTRY, 2017-2024 ($MILLION)
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