The article cited AMA's Global Automotive Artificial Intelligence (AI) Market Study explored substantial growth with CAGR of %. According the report, Rising Government Regulations for Vehicle Safety
is one of the primary growth factors for the market. Increasing Growth in Luxury Vehicle Sales
is also expected to contribute significantly to the Automotive Artificial Intelligence (AI) market. Overall, Human–Machine Interface
applications of Automotive Artificial Intelligence (AI), and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Alphabet Inc. (United States), Intel Corporation (United States), NVIDIA Corporation (United States), IBM Corporation (United States), Microsoft Corporation (United States), Harman International Industries Inc. (United States), Xilinx Inc. (United States), Qualcomm Inc. (United States), Tesla Inc. (United States), Volvo Car Corporation (Sweden), BMW AG (Germany), Audi AG (Germany), General Motors Company (United States), Ford Motor Company (United States), Toyota Motor Corporation (Japan), Hyundai Motor Corporation (South Korea), Uber Technologies Inc. (United States), Honda Motor Co. Ltd. (Japan) and Daimler AG (Germany) may see astonishing sales in this Market and certainly improve revenue growth.
The , such as , is boosting the Automotive Artificial Intelligence (AI) market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Automotive Artificial Intelligence (AI) market identified that the demand is rising in many different parts of the world as "Growing Demand for Premium Segment Vehicles
". Furthermore, some recent industry insights like "On 7th January 2020, the magazines Auto Bild and Computer Bild presented the BMW Group Production with their Connected Car Award in the Pioneer category. The winner is selected by a jury of experts comprised of editors from both publications, honoring particularly innovative solutions, such as the use of artificial intelligence in production. The BMW Group has been applying AI solutions in several use cases in series production for some time now" is constantly making the industry dynamic. One of the challenges that industry facing is "Maintaining the Balance Between Cost and Quality and Issues Related to Accidents of Driverless Cars"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Automotive Artificial Intelligence (AI) market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Automotive Artificial Intelligence (AI) market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Automotive Artificial Intelligence (AI) market tight? Which application/end-user category or Product Type [Automatic Drive and ADAS] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Artificial Intelligence (AI) market and other related sub-markets covered in the study.
o Key & emerging players in the Automotive Artificial Intelligence (AI) market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Automotive Artificial Intelligence (AI) market size is calculated using market estimation process, the Automotive Artificial Intelligence (AI) market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive Artificial Intelligence (AI) market size has been validated using both top-down and bottom-up approaches.