Artificial Intelligence in Automotive Market to Grow Exponentially over 2025

Artificial Intelligence is increasingly being adopted in the automotive sector, in order to reduce human errors and human intervention. Artificial intelligence autonomously enhances visual perception, decision making, and speech recognition.  The increasing government regulations for vehicle safety become one of the major driver for the growth of the market.

Increasing demand for autonomous vehicles is a major factor driving growth of the artificial intelligence in automotive market

Increasing demand for autonomous vehicles is expected to support growth of the artificial intelligence in automotive market. Increasing number of road accidents and fatal injuries, due to human errors has led to increasing demand for autonomous vehicles. For instance, according to the World Health Organization (WHO), 2015, fatalities of 1.25 million people were reported and 50 million people were injured, due to road accidents globally. Therefore, using autonomous vehicles could reduce accidents due to human errors. Key automakers are focusing on developing autonomous vehicles, which is expected to aid in growth of the market. For instance, Volkswagen is expected to launch self-driving cars by 2019 and BMW is expected to launch autonomous iNext by 2021. Moreover, fleet operators are also focusing on deploying self-driving cars, in order to enhance their market share. For instance, 2016, NuTonomy—a U.S.-based company, announced its plans to deploy self-driving taxi services in Singapore by 2018, and plans to be operational with fleets of self-driving taxies in 10 cities of the world by 2020.

Request for Sample Copy of this Report :

https://www.coherentmarketinsights.com/insight/request-sample/1347

Deep learning segment is expected to hold the largest share in the market over the forecast period

Deep learning segment held the largest share in 2016 and is projected to retain its dominance throughout the forecast period. Increasing use of deep learning by automotive manufacturers such as Audi, Delphi, Ford, and Volkswagen for various applications such as data analysis, speech recognition, image processing has led to growth of this segment.

Artificial intelligence in automotive market- Regional Insights

The global artificial intelligence market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. North America is expected to account for the largest market share in the artificial intelligence in automotive market over the forecast period. This is due to existence of government initiatives regarding the enhancement of the automotive vehicles.  For instance, in 2016, the US government has invested US$ 4 billion for autonomous vehicles. Also, high presence of market leaders such as Qualcomm Inc., Ford Motor Company, and General Motors Company is another factor for growth of this market. U.S. and Canada are the growth engines in North America.

Artificial intelligence in automotive market- Competitive Background

Major players of global artificial intelligence in automotive market are Qualcomm Inc. (U.S.), Tesla Inc., Volvo Car Corporation, BMW AG, Audi AG (Germany), General Motors Company (U.S.), Ford Motor Company (U.S.), Toyota Motor Corporation (Japan), Hyundai Motor Corporation (South Korea), Uber Technologies Inc. (U.S.), and Apple Inc.

Request for Table of Content of this Report :

https://www.coherentmarketinsights.com/ongoing-insight/toc/1347

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies and potential absolute dollar opportunity.

Contact Us:

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]

Visit our news Website: http://www.coherentchronicle.com

You may be interested

Amebiasis Treatment Market to Grow Like Never Before By 2026
Healthcare
Healthcare

Amebiasis Treatment Market to Grow Like Never Before By 2026

Albert R - August 18, 2018

Amebiasis Treatment Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market share,…

Gamma Probe Device Market to Grow Like Never Before By 2026
Healthcare
Healthcare

Gamma Probe Device Market to Grow Like Never Before By 2026

Albert R - August 18, 2018

Gamma Probe Device Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market…

Metastatic Osteosarcoma Treatment Market – Latest Advancements
Healthcare
Healthcare

Metastatic Osteosarcoma Treatment Market – Latest Advancements

Albert R - August 18, 2018

Metastatic Osteosarcoma Treatment Market report 2018-2026 focuses on the major drivers and restraints for the key players. These research report also provides granular analysis of the market…

Most from this category