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Automotive Artificial
Intelligence Market
Global Opportunity Analysis and Industry
Forecast, 2017-2024
Pages : 292
Publish Date: May 2018
Automotive Artificial
Intelligence Market
Artificial intelligence (AI) is one of the most progressive technologies in
computer science. It is associated with human intelligence through similar
characteristics such as language understanding, reasoning, learning,
problem solving, and others. Manufacturers in the market witness
enormous underlying intellectual challenges in the development and
revision of the technology. In addition, the growth in automotive industry
is expected to drive the automotive artificial intelligence market.
Automotive industry has experienced the promise of artificial intelligence
and is among the major industries using AI to augment and mimic the
action of humans. Furthermore, emergence of standards such as advanced
driver assistance system (ADAS), adaptive cruise control (ACC), blind spot
alert, and growth in demand for convenience features attract automotive
vendors towards AI.
Automotive Artificial Intelligence
Market Key Players
NVIDIA
Corporation
Intel
Corporation
IBM
Corporation
Microsoft
Corporation
Micron
Technology
Automotive Artificial Intelligence Market
• According to a recent report published by Allied Market Research, titled, Automotive
Artificial Intelligence Market by Component, Technology, and Application: Global
Opportunity Analysis and Industry Forecast, 2017-2024, the global automotive artificial
intelligence market was valued at $445.8 million in 2017, and is projected to reach at
$5,827.6 million by 2024, growing at a CAGR of 43.8% from 2018 to 2024.
• Artificial intelligence has been increasingly adopted by the automotive industry, which is
among the major industries using AI to mimic the action of humans. Applications that
incorporate AI systems in automotive are semiautonomous and autonomous vehicles. In
autonomous vehicles, AI collects, processes, and chooses the specific action based on the
information gathered.
• The growth of the automotive artificial intelligence market is driven by rise in demand for
autonomous vehicles and increase in preference for enhanced user experience &
convenience features. However, the threat of hackers and rise in cybercrime are expected
to restrain the market growth. On the contrary, rise in demand for the premium vehicle
segment is anticipated to provide lucrative growth opportunities for the market.
Automotive Artificial Intelligence
Market Overview
• This report studies the global automotive artificial intelligence market with current
trends and future estimations to portray the imminent investment pockets.
• The overall market potential is determined to understand the profitable trends to
gain a strong foothold.
• The report presents information related to key drivers, restraints, and
opportunities with a detailed impact analysis.
• The current market is quantitatively analyzed from 2017 to 2024 to highlight the
financial competency of the market.
• Porters five forces analysis illustrates the potency of the buyers and suppliers in the
industry.
Automotive Artificial Intelligence
Market Key Benefits
• Based on component, the hardware segment is anticipated to dominate the global
automotive artificial intelligence market in terms of revenue. However, based on
application, semiautonomous dominated the market in 2017.
• In 2017, the machine learning & deep learning based on the technology segment
accounted for the highest revenue.
• North America held the majority of market share in 2017.
• LAMEA is anticipated to exhibit the highest CAGR during the forecast period.
Automotive Artificial Intelligence
Market Key Findings
Automotive Artificial
Intelligence Market Key
Segments:
Top Impacting Factors
Rising Demand
for Enhanced
User
Experience
Growing
Demand of
Autonomous
Vehicle
Increasing
Demand for
Premium
Vehicle
Segment
Rising Security
and Privacy
Concern
Follow Us On
Thank You!
For More Details
Visit us at
https://www.alliedmarketresearch.com

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Automotive Artificial Intelligence Market Insights PPT

  • 1. Automotive Artificial Intelligence Market Global Opportunity Analysis and Industry Forecast, 2017-2024 Pages : 292 Publish Date: May 2018
  • 2. Automotive Artificial Intelligence Market Artificial intelligence (AI) is one of the most progressive technologies in computer science. It is associated with human intelligence through similar characteristics such as language understanding, reasoning, learning, problem solving, and others. Manufacturers in the market witness enormous underlying intellectual challenges in the development and revision of the technology. In addition, the growth in automotive industry is expected to drive the automotive artificial intelligence market. Automotive industry has experienced the promise of artificial intelligence and is among the major industries using AI to augment and mimic the action of humans. Furthermore, emergence of standards such as advanced driver assistance system (ADAS), adaptive cruise control (ACC), blind spot alert, and growth in demand for convenience features attract automotive vendors towards AI.
  • 3. Automotive Artificial Intelligence Market Key Players NVIDIA Corporation Intel Corporation IBM Corporation Microsoft Corporation Micron Technology
  • 4. Automotive Artificial Intelligence Market • According to a recent report published by Allied Market Research, titled, Automotive Artificial Intelligence Market by Component, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2024, the global automotive artificial intelligence market was valued at $445.8 million in 2017, and is projected to reach at $5,827.6 million by 2024, growing at a CAGR of 43.8% from 2018 to 2024. • Artificial intelligence has been increasingly adopted by the automotive industry, which is among the major industries using AI to mimic the action of humans. Applications that incorporate AI systems in automotive are semiautonomous and autonomous vehicles. In autonomous vehicles, AI collects, processes, and chooses the specific action based on the information gathered. • The growth of the automotive artificial intelligence market is driven by rise in demand for autonomous vehicles and increase in preference for enhanced user experience & convenience features. However, the threat of hackers and rise in cybercrime are expected to restrain the market growth. On the contrary, rise in demand for the premium vehicle segment is anticipated to provide lucrative growth opportunities for the market. Automotive Artificial Intelligence Market Overview
  • 5. • This report studies the global automotive artificial intelligence market with current trends and future estimations to portray the imminent investment pockets. • The overall market potential is determined to understand the profitable trends to gain a strong foothold. • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis. • The current market is quantitatively analyzed from 2017 to 2024 to highlight the financial competency of the market. • Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry. Automotive Artificial Intelligence Market Key Benefits
  • 6. • Based on component, the hardware segment is anticipated to dominate the global automotive artificial intelligence market in terms of revenue. However, based on application, semiautonomous dominated the market in 2017. • In 2017, the machine learning & deep learning based on the technology segment accounted for the highest revenue. • North America held the majority of market share in 2017. • LAMEA is anticipated to exhibit the highest CAGR during the forecast period. Automotive Artificial Intelligence Market Key Findings
  • 8. Top Impacting Factors Rising Demand for Enhanced User Experience Growing Demand of Autonomous Vehicle Increasing Demand for Premium Vehicle Segment Rising Security and Privacy Concern
  • 9. Follow Us On Thank You! For More Details Visit us at https://www.alliedmarketresearch.com