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May 30, 2020, 9:21 a.m. EDT

Automotive Artificial Intelligence Market is expected to see growth rate of 37.86% and may see market size of USD9537.46 Million by 2024

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May 30, 2020 (HTF Market Intelligence via COMTEX) -- Global Automotive Artificial Intelligence Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions. According to AMA, the Global Automotive Artificial Intelligence market is expected to see growth rate of 37.86% and may see market size of USD9537.46 Million by 2024.

Major Players in This Report Include,

Alphabet Inc. (United States), Microsoft Corporation (United States), IBM Corporation (United States), Intel Corporation (United States), Harman International Industries Inc. (United States), Xilinx Inc. (United States), Qualcomm Inc. (United States), Tesla Inc. (United States), General Motors Company (United States), Ford Motor Company (United States), Uber Technologies Inc. (United States), BMW AG (Germany), Audi AG (Germany), Daimler AG (Germany), Toyota Motor Corporation (Japan), Honda Motor Co. Ltd. (Japan), Hyundai Motor Corporation (South Korea) and Volvo Car Corporation (Sweden)

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Automotive Artificial intelligence refers to a system built in vehicles which have the capability to mimic the cognitive functions of the human mind, have the ability to learn and solve problems independently and are rapidly being deployed across a variety of industries and use cases. It controls the in-vehicle system and eventually prevents the accident. AI in automotive for smart mobility where AI will be the driver, and passengers may not care about traffic congestion possibilities as the vehicle will have the ability to choose the best route, emergency control, fuel status and other important aspects.

Opportunities

  • Increasing Demand for Premium Segment Vehicles

  • Boosting Fuel Efficiency

Challenges

  • Maintaining Balance between Cost and Quality

Market Leaders and their expansionary development strategies

In October 2018, Honda has joined hands with General Motors tech startup Cruise to develop autonomous vehicles as the race to market self-driving cars heats up, the companies and In September 2018, Mercedes-Benz has partnered with SoundHound to integrate its Houndify voice-enabled artificial intelligence into the car's latest infotainment system.

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In this research study, the prime factors that are impelling the growth of the Global Automotive Artificial Intelligence market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively.

The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Automotive Artificial Intelligence market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

The Global Automotive Artificial Intelligence is segmented by Type (Hardware, Software), Application (Human-Machine Interface, Semi-autonomous Driving, Autonomous Driving), Technology (Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing), Process (Signal Recognition, Image Recognition, Data Mining)

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Automotive Artificial Intelligence market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

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Current Scenario Analysis for Decision Framework

Key Strategic Developments in Automotive Artificial Intelligence Market:

The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

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