Automotive Artificial Intelligence Market 2021 Current and Future Trend Scenario Explored In New Latest Research Report By 2030

In a recent published report, Kenneth Research has updated the market report for Automotive Artificial Intelligence Market  for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automotive Artificial Intelligence Market  products.

Kenneth Research, in its repository of market research reports, have recently added a report on Automotive Artificial Intelligence Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2025. The Automotive Artificial Intelligence Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017. Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.

Kenneth Research has published a detailed report on Automotive Artificial Intelligence Market , which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.

By Technology (Computer Vision, Natural Language Processing, Deep Learning, Machine Learning, Context Awareness), Component (Software, Hardware), Process (Image Recognition, Data Mining, Signal Recognition), Application (Semi-autonomous Driving, Autonomous Driving, Human–Machine Interface), and Regional Market Size, Status and Forecast to 2025

Market Overview:
The Global Automotive Artificial Intelligence Market was valued at USD 572.54 million in 2016 and is projected to reach USD 10,862.51 million by 2025, growing at a CAGR of 38.68% from 2017 to 2025.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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 https://www.kennethresearch.com/sample-request-10059745

The Automotive industry has seen the promise of artificial intelligence (AI) technology, and is among the industries at the forefront of using AI to augment human actions and to mimic the actions of humans. Benefits of automotive artificial intelligence include – driverless cars, smarter, safer and affordable, assisted features, cognitive predictive maintenance.

Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Rising demand for premium segment vehicles
1.2 Increasing trend of autonomous vehicle
1.3 Growing demand for enhanced user experience
1.4 Rising government regulations for vehicle safety
1.5 Growing adoption of ADAS technology
2. Market Restraints
2.1 Maintaining the Balance Between Cost and Quality
2.2 Increasing cyber security threats for vehicles
2.3 High overall cost of a vehicle

Market Segmentation:
The Global Automotive Artificial Intelligence Market is segmented on the technology, component, process, application, and region.

1. Technology:
1.1 Computer Vision
1.2 Natural Language Processing
1.3 Deep Learning
1.4 Machine Learning
1.5 Context Awareness

2. By Component:
2.1 Software
2.2 Hardware

3. By Process:
3.1 Image Recognition
3.2 Data Mining
3.3 Signal Recognition

4. By Application:
4.1 Semi-autonomous Driving
4.2 Autonomous Driving
4.3 Human–Machine Interface

5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Intel Corporation
2. NVIDIA Corporation
3. Alphabet Inc.
4. IBM Corporation
5. Microsoft Corporation
6. Harman International Industries, Inc.
7. Qualcomm Inc.
8. Tesla, Inc.
9. Xilinx Inc.
10. Audi AG
11. Volvo Car Corporation
12. Toyota Motor Corporation
13. Hyundai Motor Company
14. Ford Motor Company
15. Honda Motor Co. Ltd.
16. Uber Technologies, Inc.
17. Daimler AG
18. Didi Chuxing
19. General Motors Company
20. Bayerische Motoren Werke AG

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Automotive Artificial Intelligence Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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