LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global automotive artificial intelligence market is expected to accelerate at a CAGR of over 37% during the forecast period. The rising penetration of ADAS is one of the key factors triggering the growth of the market.
This research report titled ‘Global Automotive Artificial Intelligence (AI) Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global automotive artificial intelligence market into the following applications:
- HMI
- ADAS
In 2017, the ADAS segment accounted for 70% of the global market and is projected to reach 73% by 2022, exhibiting almost 3% increase in market share.
Global automotive artificial intelligence market: Top emerging trend
Development of autonomous fleet of cab and parcel delivery services is an emerging trend in the automotive artificial intelligence space. Cab and parcel delivery services extensively use vehicles, which allows vehicle makers to generate significant amounts of data regarding various drive patterns, traffic patterns, road conditions, etc. Autonomous vehicles need to undergo multitudes of real-life scenarios to test their integrity and safety. Autonomous vehicles launched as cabs and parcel delivery services provide the learning foundation by putting the vehicle through all possible types of driving conditions.
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Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Automotive Artificial Intelligence Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by applications (HMI and ADAS)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Alphabet, Bosch, Delphi, HARMAN International, NVIDIA, and TomTom)
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