Automotive Artificial Intelligence Market is expected to grow at a moderate rate during the forecast period 2019-2025. Technological advancements across the globe have paved their ways across numerous industry verticals. Automotive AI is one such advancement which is expected to change the way various industries are operating across the globe. AI is expected to be one of the prime reasons for shifting paradigms across the automotive industry. As the automotive manufacturers tend to increase their focus on enhancing consumer experience along with improving the vehicle efficiency, they are implementing AI in numerous departments of a vehicle. Numerous companies are investing in R&D of driverless cars which implements artificial technology for its functioning. AI is not only being used for autonomous driving
Government regulations across the globe are getting stringent for the safety of driver without making them compromise on their comfort. This is expected to be one of the key reasons which are expected to promote the implementation of AI across the globe. Moreover, as the per capita income of the global population has increased, it is expected to promote the sales of luxury vehicles across the globe. This is expected to promote the demand for advanced technologies such as AI for automotive purpose over the forecast period.
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Market Segmentation
Global Automotive AI Market by Component Type
- Hardware
- Software
Global Automotive AI Market by Technology Type
- Computer Vision
- Natural Language Processing
- Machine Learning & Deep Learning
Global Automotive AI Market by Application
- Autonomous
- Semi-Autonomous
- Global Automotive AI Market by Process
- Signal Recognition
- Image Recognition
- Data Mining
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