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Global Automotive Artificial Intelligence Market Competitive Dynamics, Size, by 2023

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Global Automotive Artificial Intelligence Market Overview

Other factors which are backing the growth of the Global Automotive Artificial Intelligence market include progress in interrelated technologies such as natural language processing (NLP) and machine learning techniques, which allow integration of AI in automobiles. Increased demand for driver and passenger personalization is also a crucial factor. Global Automotive Artificial Intelligence allows anomaly and object detection, driverless cars, trucks, gesture recognition, predictive maintenance, on-road customer service, and others.

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Competitive Landscape

General Motors Company (US), Toyota Motor Corporation (Japan), BMW AG (Germany), Audi AG (Germany), Ford Motor Company (US), Volvo Car Corporation (Sweden), Tesla Inc. (US), Qualcomm Inc. (US), Hyundai Motor Corporation (South Korea), and Uber Technologies Inc. (US) are the key players in the Global Automotive Artificial Intelligence market.

Segmentation

The Global Automotive Artificial Intelligence market has been segmented based on technology, process, application.

By technology, the Global Automotive Artificial Intelligence market has been segmented into machine learning, deep learning, computer vision, context awareness, and natural language processing.

By application, the COVID-19 Impact has been segmented into semi-autonomous driving, human-machine interface, and autonomous driving.

Regional Analysis

Region-wise, the Global COVID-19 Impact has been segmented into North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).

North America is likely to dominate the Global Automotive Artificial Intelligence market. The clustering of major market leaders in the region is a key factor driving the growth of the North America market. The US has been a frontrunner in the adoption of autonomous vehicles which provides lucrative growth opportunities to the Global Automotive Artificial Intelligence market. Moreover, various technology, as well as automotive giants, are forming partnerships to fuel the development of Global Automotive Artificial Intelligence, which will boost the market growth over the forecast period.

Europe too is a prominent revenue generator in the Global Automotive Artificial Intelligence market. The automotive manufacturers present in the region are actively engaged in the incorporation of advanced technologies in the automotive sector. Substantial investment in AI along with a growing preference for autonomous vehicles, has fostered the market growth. The UK is a key contributor to the Europe market.

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