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Global Automotive Artificial Intelligence Market Growth Rate, Future Scope, Analysis, Development And CAGR To 2023

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Summary

Global Automotive Artificial Intelligence Market Information Report by Technology (Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing), by Process (Signal Recognition, Image Recognition, Data Mining), by Application (Human–Machine Interface, Semi-autonomous Driving, Autonomous Driving) and by Regions - Global Forecast To 2023

Global Automotive Artificial Intelligence Market Overview

The major players in the automotive industry and various technology giants are collaborating to accelerate the development of automotive AI. Automotive OEMs are progressively investing in Global Automotive Artificial Intelligence as it enables them to collectively improve their performance through the improvements in processes and progress in new driver/ vehicle features. Both advanced

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Competitive Landscape

General Motors Company (US), Toyota Motor Corporation (Japan), BMW AG (Germany), Audi AG (Germany), Ford Motor Company (US), Volvo Car Corporation (Sweden), Tesla Inc. (US), Qualcomm Inc. (US)

Industry Updates

June 2019 - Volvo, a Swedish multinational manufacturing company and Nvidia, an American technology company, have entered into a partnership to collaborate on AI technology for self-driving vehicles. By incorporation of AI to its trucks, Volvo aims to disrupt the public and freight transport industry.

Segmentation

The Global Automotive Artificial Intelligence market has been segmented based on technology, process, application.

By technology, the Global Automotive Artificial Intelligence market has been segmented into machine learning, deep learning, computer vision, context awareness, and natural language processing.

Regional Analysis

Region-wise, the Global Automotive Artificial Intelligence market has been segmented into North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

North America is likely to dominate the global Global Automotive Artificial Intelligence market. The clustering of major market leaders in the region is a key factor driving the growth of the North America market. The US has been a frontrunner in the adoption of autonomous vehicles which provides lucrative growth opportunities to the Global Automotive Artificial Intelligence market. Moreover, various technology, as well as automotive giants, are forming partnerships to fuel the development of Global Automotive Artificial Intelligence, which will boost the market growth over the forecast period.

Europe too is a prominent revenue generator in the Global Automotive Artificial Intelligence market. The automotive manufacturers present in the region are actively engaged in the incorporation of advanced technologies in the automotive sector. Substantial investment in AI along with a growing preference for autonomous vehicles, has fostered the market growth. The UK is a key contributor to the Europe market.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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