Artificial Intelligence in Automotive Market

Artificial Intelligence in Automotive Market will Explore Robust
Size & Growth During 2018-2026
Artificial Intelligence in Automotive Market study provides key insights
about market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
Artificial Intelligence is increasingly being adopted in the automotive sector, in order to reduce
human errors and human intervention. Artificial intelligence autonomously enhances visual
perception, decision making, and speech recognition. The increasing government regulations
for vehicle safety become one of the major driver for the growth of the market.
Request PDF Brochure for Sample Purpose @
https://www.coherentmarketinsights.com/insight/request-pdf/1347
Increasing demand for autonomous vehicles is a major factor driving growth of the artificial
intelligence in automotive market
Increasing demand for autonomous vehicles is expected to support growth of the artificial
intelligence in automotive market. Increasing number of road accidents and fatal injuries, due
to human errors has led to increasing demand for autonomous vehicles. For instance, according
to the World Health Organization (WHO), 2015, fatalities of 1.25 million people were reported
and 50 million people were injured, due to road accidents globally. Therefore, using
autonomous vehicles could reduce accidents due to human errors. Key automakers are focusing
on developing autonomous vehicles, which is expected to aid in growth of the market. For

instance, Volkswagen is expected to launch self-driving cars by 2019 and BMW is expected to
launch autonomous iNext by 2021. Moreover, fleet operators are also focusing on deploying
self-driving cars, in order to enhance their market share. For instance, 2016, NuTonomy—a U.S.-
based company, announced its plans to deploy self-driving taxi services in Singapore by 2018,
and plans to be operational with fleets of self-driving taxies in 10 cities of the world by 2020.
Deep learning segment is expected to hold the largest share in the market over the forecast
period
Deep learning segment held the largest share in 2016 and is projected to retain its dominance
throughout the forecast period. Increasing use of deep learning by automotive manufacturers
such as Audi, Delphi, Ford, and Volkswagen for various applications such as data analysis, speech
recognition, image processing has led to growth of this segment.
Artificial intelligence in automotive market- Regional Insights
The global artificial intelligence market is segmented on the basis of regions into North America,
Europe, Asia Pacific, Latin America, and Middle East, and Africa. North America is expected to
account for the largest market share in the artificial intelligence in automotive market over the
forecast period. This is due to existence of government initiatives regarding the enhancement
of the automotive vehicles. For instance, in 2016, the US government has invested US$ 4 billion
for autonomous vehicles. Also, high presence of market leaders such as Qualcomm Inc., Ford
Motor Company, and General Motors Company is another factor for growth of this market. U.S.
and Canada are the growth engines in North America.
Browse more about the research report @
https://www.coherentmarketinsights.com/ongoing-insight/artificial-intelligence-in-automotive-market-1347
Artificial intelligence in automotive market- Competitive Background
Major players of global artificial intelligence in automotive market are Qualcomm Inc. (U.S.),
Tesla Inc., Volvo Car Corporation, BMW AG, Audi AG (Germany), General Motors Company
(U.S.), Ford Motor Company (U.S.), Toyota Motor Corporation (Japan), Hyundai Motor
Corporation (South Korea), Uber Technologies Inc. (U.S.), and Apple Inc.

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering actionready
syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies,
and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com