Research Nester assesses the growth and market size of the global automotive artificial intelligence (AI) market which is anticipated to experience remarkable growth, owing to the inflated demand for autonomous vehicles.
Research Nester’s recent market research analysis on “Automotive Artificial Intelligence (AI) Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and a detailed overview of the global automotive artificial intelligence (AI) market in terms of market segmentation by offering, technology, process, component, application, and region.
Increased Production and Deployment of Autonomous Vehicles
Demand for self-driving vehicles is rising due to their convenience and capability of preventing accidents. This increment is playing a pivotal role in driving significant growth in the automotive artificial intelligence (AI) market. The necessity for safe driving, even in heavy traffic has inflated the surge for more efficient automatic solutions. Further, automakers are ramping up their production of tech-driven automobiles to meet consumer expectations. Addressing the surpassing need for sustainable mobility has encouraged manufacturers to invest more in AI technologies. With the increase in production, the cost per unit is decreasing, further making them accessible for all economic scales.
Boosting the AV manufacturing process through AI integration is also influencing the automotive artificial intelligence (AI) market. Additionally, it creates a greater scope for employment in various IT sectors. This inspires companies to invest more in innovative solutions, including software development. Moreover, AVs can improve transportation in underserved areas, inspiring the government to deploy them at greater level. In November 2023, the Ministry of Education released a CPF to raise funds for setting up a Centre of Excellence in AI. Further, it states, that the project can create sustainable cities with access to improved transportation, leading 20% reduction in commuting time.
Some of the major growth factors and challenges that are associated with the growth of the global automotive artificial intelligence (AI) market are:
Growth Drivers:
· Advancement in smart city infrastructure
· Development in manufacturing affordable AVs
Challenges:
Limitations in elevating the scalability of AI processors for larger databases can become a challenge. Manufacturing self-sufficient automatic systems to access data from various vehicle models can also make the task complex. The automotive artificial intelligence (AI) market is dependent on technological developments. However rapid technology evolutions can also hinder the adoption of AI technology in transportation. The existing infrastructure may not be efficient to support the commercial widespread of generative AI.
Access our detailed report at: https://www.researchnester.com/reports/artificial-intelligence-in-automotive-market/1970
By application, the global automotive artificial intelligence (AI) market is segmented into autonomous driving, human-machine interface, and semi-autonomous driving. The semi-autonomous driving segment is expected to hold significant growth in this industry by the end of 2037. Advancements in technology, including enhanced sensors, machine learning, and regulatory developments are driving opportunities. The cost of implementation has also decreased with continued technical maturity. Further, making them more accessible to a broader range of consumers.
By region, the Europe automotive artificial intelligence (AI) market is poised to generate significant revenue during the forecast period, 2025-2037. The aviating demand for smart and connected vehicles is captivating the focus of future investors. Wide application in predictive maintenance, quality control, and chain optimization is enhancing the manufacturing process. Development in autonomous transportation is influencing leading automakers to incorporate AI in their upcoming launches. For instance, in October 2024, BMW Group and Tata Technologies collaborated to bring innovation to software-defined vehicles.
Customized report@ https://www.researchnester.com/customized-reports-1970
This report also provides the existing competitive scenario of some of the key players of the market, including Intel Corporation, Waymo, LLC., IBM Corporation, Microsoft Corporation, Nvidia Corporation, Xilinx, Inc., Micron Technology, Inc., Tesla, and others.
Request Report Sample@ https://www.researchnester.com/sample-request-1970
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email: info@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
Comments
0 comment