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Automotive Artificial Intelligence Market Is Predicted To Witness Substantial Growth In The Forecast Period | DiDi Chuxing Technology, Otto Motors, Waymo LLC, Microsoft Corporation, Intel Corporation
Automotive Artificial Intelligence Market
The regions covered in the automotive artificial intelligence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, North America accounts for the largest automotive artificial intelligence market share.
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The automotive artificial intelligence market consists of sales of automotive artificial intelligence by entities (organizations, sole traders, and partnerships). It refers to solutions that can collect and process massive volumes of vehicle data, deliver actionable insights, and improve privacy and data security. Automotive artificial intelligence is at the heart of autonomous driving, allowing for real-time recognition of items in the vehicle's environment, as well as improved maintenance and fleet management that are used in the production of self-driving automobiles. AI automotive solutions improve navigation systems, improve voice command understanding, and streamline regular activities, all of which lead to improved business processes and have the potential to improve user experience, accelerate innovation cycles, and optimise the overall manufacturing and maintenance workflow.
Key competitors in the automotive artificial intelligence market include DiDi Chuxing Technology, Otto Motors, Waymo LLC, Microsoft Corporation, Intel Coroporation, NVIDIA Corporation, BMW AG, IBM Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc., Tesla Inc., Volvo Car Corporation, Micron Technology, Inc, Toyota, and Uber Technologies.
The global automotive artificial intelligence market size is expected to grow from $1.42 billion in 2021 to $1.98 billion in 2022 at a compound annual growth rate (CAGR) of 39.62%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive AI market is expected to reach $7.78 billion in 2026 at a CAGR of 40.79%.
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TBRC's report segments the global automotive artificial intelligence market:
1) By Component: Hardware, Software, Service
2) By Type: Automatic Drive, ADAS
3) By Process: Signal Recognition, Image Recognition, Data Mining
4) By Technology: Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing
5) By Application: Semi-Automatic, Human Machine Interface, Autonomous Driving
Read Further On The Automotive Artificial Intelligence Market Here:
https://www.thebusinessresearchcompany.com/report/automotive-artificial-intelligence-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Automotive Artificial Intelligence Market Characteristics
3. Automotive Artificial Intelligence Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Artificial Intelligence
5. Automotive Artificial Intelligence Market Size And Growth
.....
27. Automotive Artificial Intelligence Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Artificial Intelligence Market
29. Automotive Artificial Intelligence Market Future Outlook and Potential Analysis
30. Appendix
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