This, as a result, will boost the demand for fast charging type in the passenger vehicle sector. This research report is a significant source of insightful statistics & information for all the business strategies. Some of the key players operating in the global electric vehicle component market are Siemens AG, DENSO Corp., LG Chem Ltd., Tesla Inc., Hitachi Ltd., ABB Ltd., Samsung SDI Co. Ltd., BYD Co. Ltd., Robert Bosch GmbH, Contemporary Amperex Technology Co. Ltd., Panasonic Corp., OptimumNano Energy Co. Ltd., Mitsubishi Electric Corp., and LG Innotek Co. Ltd. While popular attention is focused on the use of AI in autonomous cars, the industry is also working on AI applications that extend far beyond – engineering, production, supply chain, customer experience, and mobility services among others. Artificial intelligence (AI) holds the key to a new future of value for the automotive industry. Artificial Intelligence (AI) Market for Automotive and Transportation Industry, Electric Vehicle Communication Controller Market. Among these, deep learning technology attributed for the foremost share in the artificial intelligence market for automotive and transportation industry with major application in transportation management sector. In this study, 2017 has been considered as the base year and 2018-2025 as the forecast period to estimate the market size for Artificial Intelligence for Automotive Applications. Internet of Things. Market segmentation based on product types, application, Major key players & region as per below: If you require customization on the above segmentation, please request here @ The 'Artificial Intelligence in Automotive Industry market' research report added by Market Study Report, LLC, is an in-depth analysis of the latest trends persuading the business outlook. Besides, implementation of some of the government regulations such as Hours of Service Solution (HOS) revisions Compliance, Safety, and Accountability (CSA) and are expected to drive the artificial intelligence market for automotive and transportation industry in the region. Explore key industry insights in 66 tables and 40 figures from the 194 pages of report, “Global Artificial Intelligence (AI) Market for Automotive and Transportation Industry Analysis and Forecast to 2024 - Industry Insights by Offering (Hardware, Software, and Services), by Technology (Machine Learning, Deep Learning, Computer Vision, Context Awareness, and Natural Language Processing [NLP]), by Application (Autonomous Vehicle, Semi-Autonomous Vehicle, and Human Machine Interface [HMI]), by Process (Data Mining, Image Recognition, and Signal Recognition)”. Do you have any specific research requirement? NEW YORK, Feb. 11, 2020 (GLOBE NEWSWIRE) -- The global artificial intelligence (AI) market for automotive and transportation industry is expected to grow at a CAGR of 17.7% during the forecast period with its market size predicted to reach USD 45.1 billion by 2024. The worldwide market size for Artificial Intelligence market is estimated to be USD 987.9 million in 2017 and is estimated to grow at a CAGR of 55.9% during the forecast period. Expanding your visibility across our network of readers and viewers, We provide local market data in local language on request, Flat consulting fee based exclusive studies. we have covered all this information in our research study. Of all processes, data mining is expected to account for the largest market share in current year and is expected to grow at fastest rate with adoption of autonomous and semi-autonomous vehicle. Automotive Artificial Intelligence Market Size By Component (Hardware, Software, Services), By Technology (Machine Learning & Deep Learning, Computer Vision, Natural Language Processing), By End-User Industry (Semi-Autonomous, Autonomous, Consumer electronics), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast 2020-2025 Robust research methodology and data triangulation to ensure high quality report. The report segments the global artificial intelligence (AI) market for automotive and transportation industry on the basis of Offering, Technology, Application, Process and region. Artificial intelligence has been a hot topic in the automotive industry for years, and we have seen rapid advances in things like autonomous driving. Though robots h… 451 Vesta Drive, ACEA believes that Artificial Intelligence holds enormous potential for the auto industry; when deployed in production and manufacturing processes, but especially when embedded in automotive technology and products such as motor vehicles. The automotive industry harnessing AI. Moreover, it identifies the opportunities existing across the various regions to … The demand, production, innovations, and delivery and supply of essential components and services has been interrupted due to the pandemic situation created in the minds of customers and also working labor force in the industries. Geographically, North America, specifically US is the largest artificial intelligence market for automotive and transportation industry with technically advance region and early adopter of AI in numerous sectors. Consult at the price of syndicate. 24*7 analyst support – Pre and post purchase of the report as well as during the project tenure. Artificial intelligence is based on complex mathematical models that requires large amount of data. The global electric vehicle component market was valued at USD 22.5 billion in 2018. Global automotive artificial intelligence market is prognosticated to attain $8,887.6 million at a CAGR of 45% highlighting rise in demand for the premium vehicles segment. Further, growing demand of premium segment vehicle will act as an opportunity for the global artificial intelligence market for automotive and transportation industry in near future. Syndicated report along with a supplementary report with objective-based study, Get profiled in the reports. Emerging truck platooning, which is technology of linking two or more trucks in convoy, using any connectivity technology and automated driving support Offerings is projected to be one of the major opportunities for the market. We identified these gaps and built AllTheResearch to raise the standards of research support. Automotive Artificial Intelligence Market by Component (Hardware, Software, Services), By Technology (Machine Learning, Computer Vision, Natural Language Processing, Context-Aware Computing), By Process (Signal Recognition, Image Recognition, Voice Recognition, Data Mining), By Application (Semi-Autonomous Driving, Human Machine Interface), and Region - Global Forecast to 2027 Global Artificial Intelligence (AI) Market for Automotive and Transportation Industry Coverage, Technology Insight and Forecast 2014-2024, Application Insight and Forecast 2014-2024, Artificial Intelligence (AI) Market for Automotive and Transportation Industry by Region, Global Electric Vehicle Communication Controller Market Analysis and Forecast to 2024. Press release - Orion Market Reports - Automotive Artificial Intelligence Market Share, Industry Size, Opportunity, Analysis, Forecast 2019-2025 - published on Artificial Intelligence in the Automotive market is set to grow from its current market was valued at over USD 1 billion in 2019 to USD 12 billion by 2026, according to a new research report by Global Market Insights, Inc.. Explore more at:, Global Electric Vehicle Component Market Analysis and Forecast to 2024. The value of artificial Intelligence in automotive manufacturing and cloud services will exceed $10.73 billion by 2024. High level of data security and confidentiality of your information. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across wide range of industries. The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million). AllTheResearch was formed with the aim of making market research a significant tool for managing breakthroughs in the industry. The design and deployment of novel technologies including autonomous mobility, vehicle simulations, rapid prototyping, and AI-enabled automotive factories are creating a positive outlook for the autonomous technologies market. Competitive analysis and benchmarking of the industry leaders and their product offerings, Profiles of leading players and innovators, their financial overview and product portfolio, Analysis of key industry trends and recent developments, Value chain analysis and distribution channel analysis with opportunity assessment, By Country – Germany, U.K., France, Spain, and Rest of Europe, By Country – China, Japan, South Korea, and Rest of Asia-Pacific, By Country – Brazil, Argentina, Algeria, South Africa, Saudi Arabia, and Other Countries. Request for Covid impact analysis & post-pandemic opportunities sample copy @ Global Automotive Artificial Intelligence Market - 2019-2026 Artificial Intelligence in Automotive Market Size, By Component, By Technology, By Process, By Application Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026 Global Automotive AI Market Research and Forecast, 2019-2025 We provide accurate data and in-depth analysis with all-inclusive coverage. Artificial intelligence surely will bring essentially change the automotive industry, Artificial Intelligence will increase the efficiency, safety, and productivity spell out an eventuality that may totally defy our present perception of how the industry works.