Global Automotive Artificial Intelligence Market to 2027

Artificial intelligence is the progressive and advanced technology in computer science. This is associated with human intelligence such as reasoning, learning, problem solving, understanding and others. Continuous growth in automotive industry is expected to propel the global automotive artificial intelligence market growth.

Market Drivers

Rise in government rules and regulations for vehicle safety is the key driving factor which is expected to boost the global automotive artificial intelligence market growth. Furthermore, rise in demand for enhanced user experience and convenience features and rise in trends of automotive vehicles will have the positive impact on global automotive artificial intelligence market growth, during this forecast period. In addition to that, rise in demand for autonomous vehicles is expected to fuel the market growth. Also, technological advancements and innovations will drive the global automotive artificial intelligence market growth.

Market Restraints

However, high cost of vehicles is the major challenging factor which expected to hamper the global automotive artificial intelligence market growth. Also, threat to cyber security will affect the market growth.

Market Segmentation

Global Automotive Artificial Intelligence Market is segmented into component such as Hardware, Software, and Services, by technology such as Computer Vision, Natural Language Processing, and Machine Learning & Deep Learning. Further, Global Automotive Artificial Intelligence Market is segmented into application such as Fully Autonomous, and Semi Autonomous.

Also, Global Automotive Artificial Intelligence Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Volvo Car Corporation, Tesla, Inc. Qualcomm Inc., Xilinx Inc., Harman International Industries, Inc., International Business Machines Corporation, Microsoft Corporation, Intel Corporation, and Alphabet Inc.

Market Taxonomy

By Component

• Hardware
• Software
• Services

By Technology

• Computer Vision
• Natural Language Processing
• Machine Learning & Deep Learning

By Application

• Fully autonomous
• Semi Autonomous

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa