Automotive Artificial Intelligence Market Market is expected to grow with a CAGR of 31.30% from 2022 to 2028
As stated by our extensive report, providing insights on Type and Applications, the global 3D Printing Ceramic market accounted for 7,676.92 USD Million in 2028.
Artificial intelligence (AI) uses data and algorithms to replicate human decision/thinking ability. An algorithm, which helps the system to learn and solve a problem independently, is being deployed across various industries such as financial services, Information and Communication Technology (ICT), Life Science, Retail, Healthcare, Industrial Manufacturing, Automotive, Oil & Gas, and Chemicals.
In computer science, AI is one of the key progressive technologies. It is related to human intelligence via similar features such as reasoning, learning, language understanding, problem-solving, among others.
The Automotive Artificial Intelligence Market Market has witnessed extraordinary growth in current years. As the AI adoption in autonomous vehicles grows to have full autonomy from driver assistance, improved convenience, and user experience features, self-drive cars are becoming a reality. The rising necessity and demand for efficient, safe, and convenient experience of driving; rising focus by government on streamlined traffic regulations and infrastructure, increasing reliable transportation system demand, and advanced technologies available for the automotive sector are fueling the semi-autonomous and autonomous vehicles demand, across the globe.
Deep learning technology is anticipated to hold a significant share for Automotive Artificial Intelligence Market Market. Many associations are investing in the growth of autonomous cars in which the technology which is used is known as deep learning for speech recognition, image processing, and data analysis. Google is investing heavily in autonomous vehicles via its spin-off Waymo and also has an active integrated system into its self-driving vehicle with this deep learning technology to detect pedestrians in different situations.
North America is the largest market. Huge population, rising living standards, and fast-growing economies are well-positioned to drive the wave of AI. This region houses settled automakers such as Toyota, Hyundai Motor Company, and Honda Motor Company. Other nations in the region, such as Japan and South Korea, have healthy technological capabilities. The
Data Mining is anticipated to grow a significant CAGR for Automotive Artificial Intelligence Market Market. Data is collected from several sensors which are used in an autonomous or semi-autonomous vehicle, and that help to train the vehicle to recognize or detect obstacles, images, and other scenarios one may encounter. Owing to the high volumes of data processed and generated in a vehicle, that is why data mining is likely to grow in the Automotive Artificial Intelligence Market Market.
Some of the prominent players operating in the global 3D Printing Ceramic market are NVIDIA Corporation (US), Alphabet Inc. (US), Intel Corporation (US), IBM Corporation (US), Microsoft Corporation (US), Harman International Industries Inc. (US), Xilinx Inc. (US), Qualcomm Inc. (US), Tesla Inc. (US), Volvo Car Corporation (Sweden), BMW AG (Germany), Audi AG (Germany), General Motors Company (US), Ford Motor Company (US), Toyota Motor Corporation (Japan), Hyundai Motor Corporation (South Korea), Uber Technologies Inc. (US), Honda Motor Co. Ltd. (Japan), Daimler AG (Germany), and Didi Chuxing (China). Some important start-ups of the automotive AI market have also been included: AImotive (Hungary), Nauto Inc. (US), nuTonomy (US), Argo AI (US), and drive.ai (US)..
Browse the full Report - Automotive Artificial Intelligence Market Size, Share & Trends Analysis Report by Offering (Hardware, Software), by Technology (Deep Learning, Machine Learning, Context Awareness, Computer Vision), by Process (Signal Recognition, Image Recognition, Data Mining), by Application (Human–Machine Interface, Semi-autonomous Driving, Autonomous Driving), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)