Press release
Automotive Artificial Intelligence Market Overview, Growth Factors, Demand and Trends Forecast to 2028
Automotive Artificial Intelligence Market
Automotive artificial intelligence is used for improving the efficiency and functionality of vehicles with the integration of advanced technologies. The growing popularity of autonomous vehicles is one of the primary factors driving the growth of the automotive artificial intelligence market. The increasing demand for premium segment vehicles is creating lucrative business opportunities for the players operating in the market to gain a strong customer base and generate more revenues.
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Companies Profiled in this report includes: Argo AI, Automotive Artificial Intelligence (AAI) GmbH., BrainChip Holdings Ltd., IBM Corporation, Intel Corporation, Nuance Communications, Inc., NVIDIA Corporation, Intellias Ltd., Tesla, Waymo LLC
MARKET SEGMENTATION
Based on offering, the global automotive artificial intelligence market is segmented into hardware and software.
On the basis of application, the market is segmented into adas, autonomous vehicles, manufacturing and others.
MARKET DYNAMICS
Drivers:
Growing adoption of ADAS, government regulations regarding vehicle safety, and rising trends for self-driving vehicles are the major factors that would drive the growth of the automotive artificial intelligence market.
Restraints:
Increasing vehicle costs and data privacy concerns are acting as a major restraining factor in the market.
Also, another major challenge faced by automotive manufactures is maintaining the balance between cost and quality.
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IMPACT OF COVID-19 ON AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The purposes of this analysis are:
To characterize, portray, and check the Automotive Artificial Intelligence market based on product type, application, and region.
To estimate and inspect the size of the Automotive Artificial Intelligence market (in terms of value) in six key regions, specifically, North and South America, Western Europe, Central & Eastern Europe, the Middle East, Africa, and the Asia-Pacific.
To estimate and inspect the Automotive Artificial Intelligence markets at country-level in every region,
To strategically investigate every sub-market about personal development trends and its contribution to the Automotive Artificial Intelligence market.
To look at possibilities in the Automotive Artificial Intelligence market for shareholder by recognizing excessive-growth segments of the market.
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Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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