Automotive Artificial Intelligence Market By Offering (Hardware, Software), Technology (Deep Learning Machine Learning Computer Vision Context Awareness, Natural Language Processing), Process (Signal Recognition ,Image Recognition ,Data Mining), Application (Human–Machine Interface, Semi-Autonomous Driving, Autonomous Vehicle), Industry Trends, Estimation & Forecast, 2017 - 2025

Artificial intelligence is projected to be a key influencing factor for the growth of automotive sector in the upcoming years. Emergence of AI within several industry verticals and evolving concept of self-driving cars are anticipated to create the need of automotive artificial intelligent systems in automotive industry. The market is expected to grow with a significant growth rate in the near future. Adoption of intelligent transportation system (ITS) is also a major impacting factor for the market and expected to boost the market for automotive artificial intelligence in near future. Supportive government initiatives supporting the growth of intelligent transportation system would also help the market to grow further. For instance, EU Directive on ITS, passed on July 7, 2010, to manage road traffic efficiently, plays a chief role in encouraging the growth of automotive AI market. Moreover, in 2015, the install rate of AI based systems in new vehicles was just 8%; this number is expected to soar to 109% in 2025.

Market Determinants

Stringent government regulations regarding vehicle safety and evolving trend of autonomous vehicles, are the major factors driving the growth of automotive AI market. Further, rapid adoption of Advanced Driver Assistance System and increasing need for enhanced user experience would also influence the market positively. Recently, IBM Watson collaborated with the General Motors on Star platform and Toyota invested $1 billion in AI-based self-driving technology for development of AI in automotive vehicles. Increment in the total cost of vehicles and cyber security issues regarding automotive might hinder the market growth. Growing demand for premium featured vehicles is expected to create lucrative opportunities for automotive AI market.

Automotive AI Market Segmentation

By Offering • Hardware • Software By Technology • Deep Learning • Machine Learning • Computer Vision • Context Awareness • Natural Language Processing By Process • Signal Recognition • Image Recognition • Data Mining By Application • Human–Machine Interface • Semi-Autonomous Driving • Autonomous Vehicle By Geography • North America • Europe • APAC • Rest of the World