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Artificial Intelligence (AI) In Automotive Market Trends, Annual Growth, Opportunities, and Forecast till 2026 | Qualcomm Inc. (U.S.), Tesla Inc., Volvo Car Corporation, BMW AG

12-21-2021 10:55 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

Artificial Intelligence in Automotive Market

Artificial Intelligence in Automotive Market

Coherent Market Insights' new report, "Artificial Intelligence in the Automotive Market," examines the competitive landscape and forecasts for the next few years. The research on Artificial Intelligence in the Automotive Market for the analysis period of 2021 – 2026 includes an in-depth examination of certain new and notable market trends, key developments, and a highly extensive regional analysis.

The worldwide automotive AI market is growing due to the increased need for enhanced user experience and convenience features, as well as an increase in the desire for autonomous vehicles. However, the rise in various security and privacy issues is limiting expansion to some level. The increase in demand for luxury automobiles, on the other hand, is projected to open up plenty of new prospects in the future.

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The following are the main key players of the Artificial Intelligence in Automotive Market: Qualcomm Inc. (U.S.), Tesla Inc., Volvo Car Corporation, BMW AG, Audi AG (Germany), General Motors Company (U.S.), Ford Motor Company (U.S.), Toyota Motor Corporation (Japan), Hyundai Motor Corporation (South Korea), Uber Technologies Inc. (U.S.), and Apple Inc.

Key Developments:

• In July 2019, Intel Corporation unveiled "Pohoiki Beach," a deep-learning chip system capable of calculating complicated AI algorithms 10,000 times more efficiently and 1,000 times faster than traditional CPUs.

• Qualcomm Technologies, Inc. released its 3rd Generation Qualcomm Snapdragon Automotive Cockpit Platforms in January 2019. This artificial intelligence (AI) platforms will improve the in-vehicle experience by supporting the greater levels of computation required for semi-autonomous and autonomous vehicles.

• Cortica, an Israeli high-tech startup, will partner with Toyota and BMW in September 2019. The companies will share their artificial intelligence (AI) experience in the realm of autonomous driving.

Artificial Intelligence in Automotive Market Segmentations:

On basis of offering, artificial intelligence in the automotive market is segmented into
• Hardware
• Software

On basis of technology, artificial intelligence in the automotive market is segmented into
• Deep learning
• Machine learning
• Infotainment Systems
• IoT (Internet Of Things)
• Cognitive Capabilities

On basis of application, artificial intelligence in the automotive market is segmented into
• Semi-autonomous applications
• Fully-autonomous applications

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Regional Insights of Artificial Intelligence in the Automotive Market:

North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa are the regions that make up the worldwide artificial intelligence in the automotive market. Over the projected period, North America is expected to hold the biggest market share in artificial intelligence in the automotive industry.

Design of the study:

An in-depth Artificial Intelligence in Automotive Market analysis was conducted using Porter's Five Forces criteria. There was also a bottom-up, top-down, and SWOT analysis is done. It also includes business profiles and research methodology to provide a precise estimate of market size. These approaches include, and are not limited to, splits, breakdowns, and market shares that have been validated using both primary and secondary sources.

Contact us:
Mr. Shah
US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com

About Coherent Market Insights-
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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