Nov 29, 2017   SOURCE: BusinessWire

Global Automotive Artificial Intelligence Market Outlook 2017-2023 - The Big Three are Ford Motor Company, General Motors, and Fiato Chrysler Automotive - Research and Markets

The "Automotive Artificial Intelligence - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.

The Global Automotive Artificial Intelligence Market accounted for $563.58 million in 2016 and is expected to reach $5,265.81 million by 2023 growing at a CAGR of 37.6% during the forecast period.

The automotive industry has seen the promise of artificial intelligence (AI) technology, and is among the industries at the forefront of using AI to augment human actions and to mimic the actions of humans. The arrival of standards such as the adaptive cruise control (ACC), blind spot alert, and advanced driver assistance systems (ADAS) and rising demand for convenience and safety presents an opportunity for OEMs to build up novel and innovative artificial intelligence systems that would attract customers.

Although 2016 was spoiled by some technological failures in self-driving cars, the year als-observed a couple of successful test runs in the US. Uber had ordered Swedish car maker Volv-for a fleet of self-driving cars. While als-harnessing the advanced reaction times and pinpoint precision of machine-based systems, both semi-autonomous and the fully autonomous vehicles of the future will depend heavily on AI systems. NVIDIA is collaborating with Toyota to deliver artificial intelligence hardware and software technologies that will improve the capabilities of autonomous driving systems planned for market introduction within the next few years. Mercedes-Benz and NVIDIA have announced a partnership to bring an NVIDIA AI-powered car to market.

North America is expected to command the largest market share in automotive AI market in 2017. The existence of incentives and huge funding from governments plays a key role in the development of this technology. For instance, in 2016, the US government has spent USD 4.00 billion to speed up the acceptance of autonomous vehicles on US roads. The automotive industry in the US is a highly developed industry, with the "big three" - Ford Motor Company, General Motors, and Fiato Chrysler Automotive - constantly improving their product portfolios.

Some of the key players in the market include

  • Alphabet Inc.
  • Audi AG
  • Tesla, Inc.
  • Qualcomm Inc.
  • Didi Chuxing
  • Ford Motor Company
  • General Motors Company
  • Harman International Industries, Inc.
  • Honda Motor Co. Ltd.
  • Hyundai Motor Company

Offering Covered:

  • Software
  • Hardware

Processes Covered:

  • Data Mining
  • Image Recognition
  • Signal Recognition

Applications Covered:

  • Autonomous Vehicle
  • Semi-Autonomous Driving
  • Human-Machine Interface

Technologies Covered:

  • Natural Language Processing
  • Context Awareness
  • Computer Vision
  • Machine Learning
  • Deep Learning

For more information about this report visit https://www.researchandmarkets.com/research/2dl8lv/automotive