Global Artificial Intelligence for Automotive Applications Market is expected to rise at a higher CAGR in the forthcoming years. Artificial intelligence (AI) for automotive applications comprise virtual digital assistants deploying artificial intelligence system. These systems significantly use data and algorithms to imitate cognitive functions of the human mind and also include the learning capabilities and problem solving independently.
Artificial intelligence is not confined to autonomous driving. By deploying artificial intelligence suppliers and automakers comprehend the AI engines can also be used in making the car more comfortable for driver as well as passenger. Commercial driving factors responsible for the growth the market include stringent norms by government, rise in adoption for ADAs technology and growth in demand for improved user experience. Based on segmentation by platform, the Artificial Intelligence for Automotive Applications Market includes hardware and software.
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Based on segmentation by technology, the Industry includes deep learning, machine learning, context awareness, and natural language processing and computer vision. Based on segmentation by application, Artificial Intelligence for Automotive Applications Market includes signal recognition, image recognition and data mining.
Geographically, Artificial Intelligence for Automotive Applications Market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC regions account for a larger share in the global market owing to rise in living standards and presence of automotive companies in large. Europe and North American regions also account for a significant share in the artificial intelligence for automotive applications industry owing to rise in technology and manufacturing infrastructure.
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The key players in the Artificial Intelligence for Automotive Applications Market include NVIDIA Corporation, Alphabet Inc., Intel Corporation, IBM Corporation, Microsoft Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc., Tesla Inc., Volvo Car Corporation, BMW AG, Audi AG, General Motors Company, Ford Motor Company, Toyota Motor Corporation, Hyundai Motor Corporation, Uber Technologies Inc., Honda Motor Co. Ltd., Daimler AG, and Didi Chuxing, AImotive, Nauto Inc., nuTonomy, Argo AI, and drive.ai.
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