Automotive AI (Artificial Intelligence) Market Outlooks 2020: Market Size, Share

The Automotive AI (Artificial Intelligence) market was valued at USD 520 million in 2018 and is expected to grow at a CAGR of 43.6% CAGR during the forecast period (from 2018 – 2026). Increasing demand for enhanced customer experience and requirement convenience features, technological advancement of autonomous vehicles, growing privacy and security concern, and rising demand for luxurious vehicle segments are the critical factors that influence the rise of the global automotive artificial intelligence (AI) market. These factors are expected to either drive automotive AI market growth.

The COVID-19 pandemic has drastically altered the sectors of all the industry verticals across the world and has dynamically changed the economic scenario of the Automotive AI (Artificial Intelligence) market. The report is furnished with extensive data on the market scenario and financial structure owing to the coronavirus pandemic. The report provides substantial data about the present and future impact of COVID-19 on the market. The report covers extensive analysis of present and future trends and the factors that are likely to influence the growth of the market in a post-pandemic scenario.

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The report aims to help readers and users improve their business performances by providing insightful data about the business sphere, such as recent technological development, product advancements, adoption of strategic business steps, and new processes. The report is formulated through exhaustive primary and secondary research which is verified and validated by industry experts, efficient analysts, and professionals.

The report offers an extensive analysis of the competitive landscape along with business overviews, expansion plans, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product and brand promotions, government and corporate deals, and partnerships, among others.

Leading Players Analyzed in the Report:

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) and others.

Automotive AI by Technology (Revenue, USD Million; 2016–2026)

Machine and Deep Learning, Computer Vision, Natural Language Processing

Automotive AI by Function (Revenue, USD Million; 2016–2026)

Digital/ Mobility Services, Manufacturing Operations, Procurement, R&D and Engineering, Customer Experience, Supply Chain

Automotive AI by Process (Revenue, USD Million; 2016–2026)

Signal Recognition, Image Recognition, Data Mining

Automotive AI by Component (Revenue, USD Million; 2016–2026)

Hardware, Software

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Key Regions Studied in the Report:

•          North America (U.S., Canada)
•          Europe (U.K., Italy, Germany, France, Rest of EU)
•          Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
•          Latin America (Chile, Brazil, Argentina, Rest of Latin America)
•          Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The Global Automotive AI (Artificial Intelligence) Market imparts a deeper understanding of the Automotive AI (Artificial Intelligence) market by providing a panoramic view of the industry vertical. Furthermore, to offer a better understanding of the competitive landscape, extensive SWOT analysis and Porter’s Five Forces analysis are included in the report. Along with this, feasibility analysis and investment return analysis are also covered in the report.

Further, the report is fragmented on the basis of product types offered in the market, application spectrum, and key regions of the Automotive AI (Artificial Intelligence) market. The segments are studies based on current and emerging trends in the Automotive AI (Artificial Intelligence) market. The regional segment covers the key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The regions are studied for the production and consumption patterns, import/export analysis, supply and demand ratio, market share and size based on volume and value, trends and demands, revenue share, and presence of the key players of the market.

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Balaji Joined: September 17th, 2020