openPR Logo
Press release

Artificial Intelligence in Automotive market Astonishing Growth | Top Competitors like General Motors, Alphabet, Audi, BMW, Daimler, Ford Motor, Harman International Industries, Honda Motor, IBM Corporation, Intel Corporation

03-16-2020 11:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Artificial Intelligence in Automotive market Astonishing

According to Market Study Report, Artificial Intelligence in Automotive Market provides a comprehensive analysis of the Artificial Intelligence in Automotive market segments, including their dynamics, size, growth, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Artificial Intelligence in Automotive market.

Artificial Intelligence (AI) in Automotive market is projected to surpass USD 12 billion by 2026. The market growth is attributed to the steadily growing uptake of driver assistance technologies for increasing driving comfort and ensuring safe driving experience. Consumers are increasingly exhibiting a positive attitude toward AI-powered vehicle driving systems, creating new avenues for market growth. Automotive manufacturers are capitalizing on the steadily growing industry by introducing new features in their vehicles including automated parking, lane assistance, driver behavior monitoring, and adaptive cruise control. For instance, in October 2019, Toyota announced the launch of level-4 driver assistance systems for enabling automated valet parking in its upcoming cars. The technology is developed in conjunction with Panasonic and is built with inexpensive sensors, offering affordable parking assistance solutions to Toyota's customers.

Request a sample of this report titled at: https://www.marketstudyreport.com/request-a-sample/2419659/

Europe held majority of the market with over 35% share in 2019 due to the growing demand for autonomous technologies in the region. Presence of several industry leaders including BMW, Audi, Mercedes, Daimler, and Bentley accelerated the advancements in autonomous mobility including several successful trial runs of level-5 autonomous vehicles. The increasing focus of automotive manufacturers on AI technologies, especially in Germany and the UK is driving the adoption of AI across the Europe automotive sector. Supportive initiatives from the government to adopt AI for smart traffic control has propelled the development of automotive AI solutions. In 2017, the UK government invested more than USD 75 million for the development of AI solutions and improved mobility.

Some major findings of the Artificial Intelligence in Automotive market report include:

o With the dynamically changing technology landscape in the automotive sector, an increasing number of automobile manufacturers are focusing on integrating semi-autonomous and fully-autonomous technologies into their vehicles
o Sophisticated onboard AI systems are providing real-time connectivity between vehicle & driver, enabling safe driving and reducing driver fatigue by suggesting resting periods & controlling car navigation during driver distraction
o Machine learning solutions are witnessing a sustained rise in adoption, enabling AI systems to predict and decide driving patterns in dense traffic. With vastly improved neural network technologies, machine learning can achieve near human driving behavior without external assistance.
o Technology providers including NVIDIA, Intel, and AMD are continuously upgrading their solutions and offering energy-efficient hardware, enabling AI technologies with low power consumption
o The growing interest of government agencies in adopting autonomous mobility for reducing traffic accidents and improving traffic management is creating a positive outlook for the industry
o Some of the leading market players are Alphabet Inc., Audi AG, BMW AG, Daimler AG, Didi Chuxing, Ford Motor Company, General Motors Company, Harman International Industries, Inc., Honda Motor Co., Ltd., IBM Corporation, Intel Corporation, Microsoft Corporation, NVIDIA Corporation, Qualcomm Inc., Tesla, Inc., Toyota Motor Corporation, Uber Technologies, Inc., Volvo Car Corporation, and Xilinx Inc.

AI platform providers are focusing on strategic collaboration and long-term contracts with automotive manufacturers to gain market share.
The hardware segment held majority of the market with over 60% share in 2019 and is expected to continue its dominance over the forecast timespan. This is attributed to the increasing adoption of automotive AI components for implementation of AI solutions. Energy-efficient System-on-Chips (SoCs) and dedicated AI GPUs are assisting enterprises in deploying highly sophisticated onboard computers with robust computing power. In July 2019, Intel launched Pohoiki Beach, a new AI-enabled chip, which features 8 million neural networks and can reach up to 10,000 times faster computing speeds compared to traditional CPUs. Furthermore, the growing uptake of sensors including high-resolution cameras, LiDARs, and ultrasonic sensors for vehicle situational awareness is fueling the growth of AI hardware.

Request a discount on standard prices of this premium report titled at: https://www.marketstudyreport.com/check-for-discount/2419659/

The image/signal recognition segment held majority of the market with over 65% share in 2019 due to the growing importance of vehicle speed control for reducing on-road accidents. Image/signal recognition technologies can detect traffic signs & speed limit indicators and reduce the vehicle speed accordingly without human intervention. The technology is also expected to grow significantly as several government initiatives are promoting traffic sign recognition to ensure adherence to speed limits. In March 2019, the European Commission made it mandatory for all vehicles manufactured from 2022 to have built-in image/signal recognition capabilities. This is expected to reduce rash driving, over-speeding, and promote on-road safety.

Companies operating in AI in automotive market are focusing on various business growth strategies including investments in autonomous mobility solutions, strengthening partner network, and expanding R&D activities. Through such strategic moves, companies are trying to gain a broader market share and maintain their leadership in the market. For instance, in September 2019, Daimler partnered with Torc Robotics, an automated mobility firm, to design and develop level-4 autonomous trucks. Under the partnership, the companies are jointly testing autonomous trucks in the U.S. and focusing on evolving automated driving for heavy-duty vehicles.

The semi-autonomous vehicles segment will grow at an impressive CAGR of over 38% by 2026 due to the extensive demand for Advanced Driver Assistance Systems (ADAS) and facilitating driving during heavy traffic scenarios. Semi-autonomous technologies have already been commercialized and are expected to gain significant market proliferation over the forecast timespan. Major automotive manufacturers, such as Chrysler, Audi, and Ford, have started integrating semi-autopilot and drive cruise control technologies into their latest models. Driver behavior monitoring, road condition awareness, and lane tracking are a few of the innovative solutions that have been introduced through the implementation of AI technologies in semi-autonomous vehicles. Furthermore, supporting initiatives from various governments to incorporate semi-autonomous vehicle technologies by 2022 will positively impact industry growth.

Complete report titled at: https://www.marketstudyreport.com/reports/artificial-intelligence-ai-in-automotive-market

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Artificial Intelligence in Automotive market Astonishing Growth | Top Competitors like General Motors, Alphabet, Audi, BMW, Daimler, Ford Motor, Harman International Industries, Honda Motor, IBM Corporation, Intel Corporation here

News-ID: 1968507 • Views:

More Releases from marketstudyreport.com

Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Power Technologies (Schneider Electric), Simplex, Shenzhen Sikes, Pite Tech
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders. Load Bank Market Size was estimated
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - John Deere, CNH Industrial, Kubota, AGCO, Claas, Yanmar, Mahindra, LOVOL
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc., Volkswagen AG, SAIC Motors, BYD Auto Co. Ltd., BMW Group, Nissan Motor Co. Ltd., Hyundai Group
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028. The operation is done to stop ligament tears and
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - Garrett Motion, Hanon Systems, UQM Technologies, FISCHER Fuel Cell Compressor
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report. Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting

All 5 Releases


More Releases for Intel

Auriga Joins Intel IoT Solutions Alliance
Auriga, a US-based software development service provider, is proud to announce that it has become a member of the Intel® IoT Solutions Alliance, one of the world’s most trusted ecosystems that helps accelerate IoT innovation worldwide and develop first-in-market IoT solutions. The Alliance membership enables Auriga to leverage Intel® scalable, interoperable technologies to deliver best-in-class IoT software to its customers. Intel® estimates that the IoT world will have 200 billion smart
Global Slim Laptop Market By Type (Intel I3, Intel I5 Low Power Version, Sharp D …
The Global Slim Laptop Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global Slim Laptop Market report aims to provide an overview of Slim Laptop Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The most recent trending report Worldwide Slim Laptop Market Economy
Wearable Computer Market Global Forecast 2018| Studied By LG, ,Honeywell, Epson, …
UpMarketResearch published an exclusive report on “Wearable Computer market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Wearable Computer market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
Smart Grid Security Market - Competitive Analysis | Cisco Systems, Inc., Intel C …
The global market for smart grid security is highly influenced by the rise in the population and the rapid pace of urbanization in emerging economies. The main factor behind this is increasing shift of energy resources companies to smart meters and smart appliances by leveraging Internet of Things (IoT) and cloud, owing to the augmenting pressure on them to meet the ever-increasing energy requirements of the urban population. With this,
3D NAND Memory Market Forecast by Regions and Applications: Samsung, Toshiba, Sa …
Market Research Future published a research report on “Global 3D NAND Memory Market Research Report- Global Forecast 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027. Market Synopsis of 3D NAND Memory Market Market Scenario: 3D NAND Memory is type of flash memory and non-volatile with various application. It is a three dimensional arrangement of an array on a silicon substrate. This memory came into existence in the year 2013 by
Intel Labs launches the Intel Collaborative Research Institute for Computational …
22 May, 2012 —While computer performance exceeds human performance in many respects, there are still many tasks that humans perform easily and computers have a hard time with. Intel, in collaboration with the Technion–Israel Institute of Technology and the Hebrew University of Jerusalem, hopes to change this situation by exploring technologies that mimic the human brain's mode of action— Intel today announced it is establishing the Intel Collaborative Research institute for