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Artificial Intelligence (AI) in Automotive Market 2021 Next Big Growth Driver | Major Players are Alphabet, Audi AG, BMW AG, Daimler AG, Didi Chuxing, Ford Motor Company, IBM, Intel, Microsoft

07-20-2021 08:03 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Marketdigits

Artificial Intelligence (AI) in Automotive Market

Artificial Intelligence (AI) in Automotive Market

The Artificial Intelligence (AI) in Automotive Market is expected to be valued at USD XX Million in 2020 and is expected to reach USD 10,573.3 Million by 2027, at a CAGR of 38.46% during the forecast period.

The Artificial Intelligence (AI) in Automotive market study analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, challenges, risks, entry barriers, sales channels, distributors and Porter's Five Forces Analysis. This market report performs geographical analysis for the major areas such as North America, China, Europe, Southeast Asia, Japan, and India, with respect to the production, price, revenue and market share for top manufacturers. Moreover, businesses can gain insights into profit growth and sustainability program with this report. The winning Artificial Intelligence (AI) in Automotive market analysis report also includes detailed profiles of market’s major manufacturers and importers who are dominating the market.

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Market Analysis

Besides target market information, MarketDigits also provides information about your competitor, your customers, products etc. A few techniques we use are:

Customer analysis
Competitor analysis
Risk analysis
Product research
Advertising research
E-mail survey and many more…

Market Research Methodology

We define the research problem: The step defining the research problem exists of two main steps:

Formulating the problem
Establishing research objectives

Selecting and Establishing Research Design

The step selecting and establishing research design consists of three main steps:

Select the research design
Identify information types and sources
Determine and design research instrument

MarketDigits offers four types of research design:

Exploratory research design
Descriptive research
Quantitative research
Causal research

Purchase Full Report @ https://marketdigits.com/artificial-intelligence-ai-in-automotive-market/buy/

The base year considered for the study is 2020, and the forecast of the market size has been provided for the period between 2021 and 2027.

Objective of the Study:

To define and describe the automotive AI market on the basis of offering, technology, process, application, and geography
To forecast the market size of the various segments with respect to 4 main geographies: North America, Europe, APAC, and Rest of the World
To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
To strategically profile key players and comprehensively analyze their market shares and core competencies,2 along with detailing the competitive landscape for market leaders
To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, new product developments, and research & developments in the automotive AI market
To benchmark players within the market using the Competitive Leadership mapping, which analyzes market players on various parameters within the broad categories of business and product strategy.

Research Methodology:

This study incorporates the extensive usage of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource, to identify and collect information useful for this technical, market-oriented, and commercial study of the automotive AI market. The primary sources mainly comprise several industry experts from core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, reimbursement providers, technology developers, alliances, standards, and certification organizations related to all the phases of this industry’s value chain. Both top-down and bottom-up approaches have been used to estimate and validate the size of the automotive AI market and to estimate the size of the other dependent sub-markets. After arriving at the overall market size, the total market has been split into several segments and sub-segments, which have been verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents has been depicted in the figure below:

Scope of the Report:

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

Scope of the Report:

The research report segments the automotive AI market into the following subsegments.

Artificial Intelligence (AI) in Automotive Market: By Offering

Hardware
Software

Artificial Intelligence (AI) in Automotive Market: By Technology

Deep Learning
Machine Learning
Context Awareness
Computer Vision
Natural Language Processing

Artificial Intelligence (AI) in Automotive Market: By Process

Signal Recognition
Image Recognition
Data Mining

Artificial Intelligence (AI) in Automotive Market: By Application

Human–Machine Interface
Semi-autonomous Driving
Autonomous Driving

Artificial Intelligence (AI) in Automotive Market: By Region

North America
Europe
APAC
RoW

Get more insight on other verticals of Semiconductor and Electronics Market Research Reports & Consulting

The increasing government regulations for vehicle safety, growing adoption of ADAS technology by OEMs, and rising demand for enhanced user experience play a significant role in the growth of the automotive AI market.

The automotive AI market, in this report, has been segmented on the basis of offering, technology, process, application, and region. On the basis of offering, the automotive AI market is segmented into hardware and software. Companies such as Alphabet Inc. (US), Microsoft Corporation (US), IBM Corporation (US), and Intel Corporation (US) are among the frontrunners in the development of AI software for the automotive industry.

On the basis of technology, the market is segmented into deep learning, machine learning, context awareness, computer vision, and natural language processing. Deep learning technology is expected to be the largest and the fastest-growing technology. Many companies are investing in the development of self-driving cars in which the deep learning technology is used for image processing, speech recognition, and data analysis. For instance, Google is heavily investing in autonomous vehicles through its spin-off Waymo and has an active system integrated into its self-driving vehicle with the deep learning technology to detect pedestrians in different situations.

The automotive artificial intelligence market, on the basis of process, is segmented into signal recognition, image recognition, and data mining. Data is collected from different sensors used in a semi-autonomous or autonomous vehicle, which can be used to train the vehicle to detect or recognize images, obstacles, and various scenarios one might encounter behind the wheel. Due to the huge volumes of data generated and processed in a vehicle, data mining is expected to be the fastest-growing process in the automotive AI market.

automotive artificial intelligence market is segmented by application into human machine interface, semi-autonomous driving, and autonomous driving. Automotive HMI has evolved drastically in last few years and implemented disruptive technologies in various products such as voice recognition system and gesture recognition system. This is a growing market where the innovative AI technology is being used in upcoming models in premium segments.

The automotive AI market in APAC is expected to grow at a high rate between 2021 and 2027. APAC’s massive population, fast-growing economies, and rising living standards are well positioned to ride the AI wave. This region houses established automakers such as Toyota (Japan), Hyundai Motor Company (South Korea), and Honda Motor Company (Japan). Other countries in APAC, such as South Korea and Japan, have strong technological capabilities. The region, therefore, represents a balanced blend of demand and technology, making it an ideal investment for any OEM.

This report would help you answer the following questions:

What is the market size and forecast of the Global Artificial Intelligence (AI) in Automotive Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Artificial Intelligence (AI) in Automotive Market during the forecast period?
Which region outstands in the Global Artificial Intelligence (AI) in Automotive Market?
Which are the segments to invest in over the forecast period in the Global Artificial Intelligence (AI) in Automotive Market?
What is the competitive strategic window for opportunities in the Global Artificial Intelligence (AI) in Automotive Market?
What are the technology trends and regulatory frameworks in the Global Artificial Intelligence (AI) in Automotive Market?
What are the major company in the Global Artificial Intelligence (AI) in Automotive Market?

Table of Contents:

1 Introduction

2 Research Methodologies

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Compliance in Artificial Intelligence (AI) in Automotive Market

8 Artificial Intelligence (AI) in Automotive Market, By Service

9 Artificial Intelligence (AI) in Automotive Market, By Deployment Type

10 Artificial Intelligence (AI) in Automotive Market, By Organization Size

11 Artificial Intelligence (AI) in Automotive Market Analyses, By Vertical

12 Geographic Analyses

North America

Europe

Asia-Pacific

South America

Middle East & Africa

13 Competitive Landscapes

14 Detailed Company Profiles

15 Related Reports

Any Questions? Inquire Here Before Buying @ https://marketdigits.com/artificial-intelligence-ai-in-automotive-market/analyst/

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MarketDigits
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Email : sales@marketdigits.com

About MarketDigits:
MarketDigits is one of the leading business research and consulting companies that helps clients to tap new and emerging opportunities and revenue areas, thereby assisting them in operational and strategic decision-making. We at MarketDigits believe that market is a small place and an interface between the supplier and the consumer, thus our focus remains mainly on business research that includes the entire value chain and not only the markets.

We offer services that are most relevant and beneficial to the users, which help businesses to sustain in this competitive market. Our detailed and in-depth analysis of the markets catering to strategic, tactical, and operational data analysis & reporting needs of various industries utilize advanced technology so that our clients get better insights into the markets and identify lucrative opportunities and areas of incremental revenues.

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