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Automotive Artificial Intelligence Market is slated to witness tremendous Growth in Future | By Prominent Players -Google LLC (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.)

08-30-2021 02:13 PM CET | Logistics & Transport

Press release from: INFINITY BUSINESS INSIGHTS

Automotive Artificial Intelligence Market

Automotive Artificial Intelligence Market

Artificial intelligence (AI) is one of the most advanced computer science technologies. It shares similar features with human intelligence, such as language comprehension, thinking, learning, problem-solving, and so on. In the development and modification of technology, manufacturers in the market face huge underlying intellectual obstacles. Furthermore, the Automotive Artificial Intelligence Market is predicted to be driven by the rise of the automotive industry.

Prime players of the Automotive Artificial Intelligence market: Google LLC (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation (U.S.), Nvidia Corporation (U.S.), Tesla Inc (U.S.), Xilinx Inc (U.S.), Micron Technology Inc (U.S.), Uber Technologies Inc (U.S.), Ford Motor Company (U.S.), General Motors Company (U.S.), Harman International Industries Inc (South Korea), Honda Motor Co Ltd. (Japan), Audi AG (Germany), and Qualcomm Technologies Inc (U.S.),& Others.

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The rise of the linked enterprise idea is propelling the worldwide industrial automation industry forward. For improved production activities, efficient information exchange between different units in industries is critical. The use of IoT and IP networks, allows manufacturers to better comprehend the process of converting raw materials into completed commodities. IoT-enabled systems can be used to track field instruments, ensure appropriate raw material flow, keep track of inventory status, and report items as they move through the supply chain. Connected businesses also have simple access to information flowing throughout the whole supply chain, allowing them to adapt quickly to changing market conditions. Real-time data aids manufacturers in lowering inventory costs, detecting cyber-threat issues, and attaining output in accordance with market demands. These factors can be attributed to the growth of the Automotive Artificial Intelligence market.

The COVID-19 epidemic has had a significant influence on the industrial control and factory automation value chain. The United States, China, South Korea, and Japan, which have been hit hard by the pandemic, account for a large portion of the worldwide Automotive Artificial Intelligence market in industrial automation manufacturing. Due to the global slowdown, discrete and process sectors are experiencing poor demand, which is projected to continue for the foreseeable future.

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