DUBLIN, September 7, 2017 /PRNewswire/ --
The "Automotive Artificial Intelligence Market - Global Forecast to 2025" report has been added to Research and Markets' offering.
The automotive artificial intelligence (AI) market is expected to be valued at USD 782.9 Million in 2017 and is expected to reach USD 10,573.3 Million by 2025, at a CAGR of 38.46% between 2017 and 2025. 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 AI 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 AI 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 2017 and 2025. 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.
Companies Mentioned
- Advanced Micro Devices (Us)
- Aimotive
- Alphabet Inc.
- Argo Ai (Us)
- Arm Holdings (Uk)
- Audi Ag
- Baidu (China)
- Bayerische Motoren Werke Ag
- Brainchip (Us)
- Braiq (Us)
- Daimler Ag
- Didi Chuxing
- Drive.Ai Inc.
- Fiveai (Uk)
- Ford Motor Company
- General Motors Company
- General Vision (Us)
- Graphcore (Uk)
- Harman International Industries Inc.
- Honda Motor Co. Ltd.
- Hyundai Motor Company
- Ibm (Us)
- Intel Corporation
- Others
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview of Automotive Ai Market
7 Automotive Artificial Intelligence Market, By Offering
8 Automotive Artificial Intelligence Market, By Technology
9 Automotive Artificial Intelligence Market, By Process
10 Automotive Ai Market, By Application
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/research/m4nxwx/automotive
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