APAC Region Dominate the Artificial Intelligence Market for Automotive And Transportation Industry

FREMONT, Calif. - July 23, 2020 - PRLog -- According to the study published by BIS Research, the artificial intelligence market for automotive and transportation industry (https://bisresearch.com/industry-report/artificial-intelligence-market-automotive-transportation-industry.html) for APAC region was valued at $3.30 billion in 2018 and is anticipated to reach $20.95 billion by 2029 registering a CAGR of 18.79% between 2019 and 2029.

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The Asia-Pacific (APAC) automotive market consists of countries such as China, Japan, South Korea, and India. These countries are some of the biggest automotive producers in the world, with various automotive OEMs headquartered in this region, including Toyota Motor Corporation, Honda Motors, Hyundai-Kia, and Nissan, among others. APAC countries such as China and India have witnessed an increasing demand for both passenger and commercial vehicles due to the growing urbanization and commerce. The APAC region has witnessed a significant growth due to factors such as cheap labor, abundant raw materials, government regulations, and growing disposable income of the population in countries such as China, India, and Japan.

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The competitive landscape of the artificial intelligence market for automotive and transportation industry consists of established automotive technology providers. These companies are adopting different strategies such as business expansions, product launches, mergers/partnerships/collaborations, and acquisitions, in order to enhance their market presence, technical expertise, and geographical reach. Key players operating in the market are Continental AG, Denso Corporation, Nvidia Corporation, Intel Corporation, Harman International, and Visteon Corporation, among others.

Key Questions Answered in the Report:

·         Which global factors are expected to impact the artificial intelligence market for automotive and transportation industry?

·         What is the estimated size of the global artificial intelligence market for automotive and transportation industry in terms of value from 2018 to 2029?

·         Which autonomous driving level is expected to be dominant in the forecast period 2019-2029?

·         Which companies are the major players in the artificial intelligence market for automotive and transportation industry? What are the key market strategies being adopted by them?

About BIS Research:

BIS Research (http://bisresearch.com/) (Business Intelligence and Strategy Research) is a global B2B market intelligence and advisory firm which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials & Chemicals, Aerospace and Defence, Automotive, Healthcare, Electronics & Semiconductors, Robotics & UAV and other emerging technologies.