Global Automotive Artificial Intelligence Industry

DUBLIN, Feb. 01, 2023 (GLOBE NEWSWIRE) — “Automotive Artificial Intelligence Market by Component, Technology and Application: Global Opportunity Analysis and Industry Forecast, 2020-2030” report added of ResearchAndMarkets.com Recruitment.

Global Automotive Artificial Intelligence (AI) Market Estimated to Exceed US$2.57 Billion in 2021, Projected to Flourish at a CAGR of 29.2%, Worth Over US$34.3 Billion from 2022 to 2030 is predicted.

Fully autonomous and semi-autonomous vehicles use artificial intelligence to perform complex tasks such as facial recognition, threat detection, image processing, vehicle localization and mapping. Machine learning technology enables vehicles to understand data and mimic the human mind to solve problems.

Artificial intelligence, along with other technologies such as Advanced Driver Assistance Systems (ADAS), Adaptive Cruise Control (ACC) and Electronic Brake Distribution (EBD), enhance the driving experience and provide a high degree of safety for both drivers and passengers. We guarantee.

The growing popularity of safe and comfortable autonomous vehicles worldwide and the shift to alternative fuels are driving the growth of the automotive artificial intelligence market. Artificial intelligence will also reduce the need for drivers for self-driving cars, eliminating driver wages and significantly minimizing operating costs.

These advantages, along with investments by major market players, are expected to further accelerate the automotive artificial intelligence market. Moreover, increasing demand for premium vehicles with advanced systems and software is expected to create opportunities for market players in the near future.However, increasing cybercriminal activity and increasing consumer privacy concerns are expected to restrain the market growth

Main advantage

• The Automotive Artificial Intelligence Market report provides quantitative analysis of the current market and estimates for 2022-2030 to help identify common market opportunities to take advantage of.
• The study comprises an in-depth analysis of automotive artificial intelligence market trends, including current and future trends to delineate the investment pockets prevalent in the market.
• The report offers information about key drivers, constraints, opportunities and their impact on the automotive artificial intelligence market.
• Market share of players and their competitive analysis in the global automotive artificial intelligence market.
• Value chain analysis in market research provides a clear picture of stakeholder roles

market segmentation

By technology

• machine learning and deep learning
• computer vision
• natural language processing

By component

• hardware
• processor
• memory
• Communication network
• software
• service

by application

• semi-autonomous
• full autonomy

by geography

• North America
• we
• Canada
• Mexico
• Europe
• England
• Germany
• Russia
• France
• rest of europe
• Asia Pacific
• China
• Japan
• Korea
• India
• Rest of Asia Pacific
• line
• latin america
• middle east
• Africa

market dynamics

driver

• Growing demand for enhanced user experience and convenience features
• Self-Driving Car Ongoing Trend
• Increasing Government Regulations on Vehicle Safety and Increased Adoption of Adas Technology by Original Equipment Manufacturers (OEMs)

Restraint

• Growing security concerns and semiconductor shortages worldwide

chance

• Growing demand for premium segment vehicles and electric vehicles

A selection of companies mentioned in this report include:

• Alphabet Inc.
• general motors company
• Intel Corporation
• Microsoft Corporation (USA)
• NVIDIA Corporation
• IBM Corporation
• Qualcomm Inc.
• Tesla Inc.
• ford motor company
• Toyota Motor Corporation

For more information on this report, please visit https://www.researchandmarkets.com/r/fhumgw.