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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
The booming automotive industry is a constant source of driving demand in the automotive artificial intelligence market.
Additionally with major players in the automotive industry heavily investing in development of artificial intelligence for automobiles, the industry wide standard such as the adaptive cruise control, advanced driver assistance systems and blind spot alert would further trigger the growth in the automotive artificial intelligence market.
High cost and relative lack of awareness among consumers is expected to act as a major restraint in the automotive AI market.
In addition availability of sophisticated technology to develop artificial intelligence programs are much more easily accessible in this region as compared to others.
Favorable government norms coupled with Ford Motor Company, General Motors, and Fiat-Chrysler Automotive leading the charge in the development of the artificial intelligence in automotive by constantly upgrading their product will have a positive impact on the market.