How Artificial Intelligence Is Impacting the Automotive Industry


Exploring the increasing impact of AI as it is adopted right across the car industry

The automotive industry is one of the essentials of human lives and most of us can barely imagine a day without riding your own vehicle or hopping on some kind of public transport. But, as the technology evolves, so does the automotive with its trends and discoveries. The recent boost in AI development proved that artificial intelligence will soon transform every device we’re using. With cars being at the top of this list, we decided to explore the ways of applying AI to the modern automotive industry.



The key players influencing the market are Argo AI, Automotive Artificial Intelligence, BrainChip Holdings, IBM Corporation, Intel Corporation, Nuance Communications, NVIDIA Corporation, Otto Motors, Tesla, Waymo LLC.

Automotive artificial intelligence is used for improving the efficiency and functionality of vehicles with the integration of advanced technologies. The growing popularity of autonomous vehicles is one of the primary factors driving the growth of the automotive artificial intelligence market. The increasing demand for premium segment vehicles is creating lucrative business opportunities for the players operating in the market to gain a strong customer base and generate more revenues.

Growing adoption of ADAS, government regulations regarding vehicle safety, and rising trends for self-driving vehicles are the major factors that would drive the growth of the automotive artificial intelligence market. However, increasing vehicle costs and data privacy concerns are acting as a major restraining factor in the market. The major challenge faced by automotive manufactures is maintaining the balance between cost and quality.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global automotive artificial intelligence market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive artificial intelligence market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.



Reference: The InsightPartners




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