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Artificial Intelligence (AI) in Automotive Market Industry Trend, Analysis, Growth, Demands
Artificial Intelligence (AI) in Automotive Market expanding at a CAGR of 20.9% during the forecast period 2021-2027
Global Artificial Intelligence (AI) in Automotive Market was valued at US$ 9392.6 Mn in 2019 and is expected to reach US$ 36,667.9 Mn by 2027, expanding at a CAGR of 20.9%.
The report then focuses on the leading competitors considering their company profiles, product portfolio and offerings, key developments, capacity, revenue, production, value, volume, cost, price, and contact information. Upstream raw materials & equipment and downstream demand & consumer analysis has also been carried out. The report also mentions the market dynamics, industry trends and patterns, and marketing and distribution channels. In the last section of the report, the feasibility of new investment projects is assessed and overall research conclusions are offered.
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The key players operating in the Global Artificial Intelligence (AI) in Automotive Market are:
Tesla Motors 120, Google LLC, Microsoft Corporation, Huawei Technologies, Volkswagen AG, Intel Corporation, Denso Corporation, Aptiv Plc, NVIDIA Corporation, Toyota Motors, Robert Bosch GmbH, IBM Corporation, Honda Motors, BMW AG, Samsung Electronics, TomTom NV, Uber Technologies, AB Volvo, Siemens AG, Others
Competitive Landscape Analysis
One of the major factors driving the growth of the Global Artificial Intelligence (AI) in Automotive Market is the growing automotive industry. Stringent government regulations with regards to the vehicle safety and fuel economy, so as to increase the feasibility of the vehicle and reduce its curb weight is also expected to drive the market growth. Moreover, the competition between the vehicle manufacturers is growing, due to the large volumes of sales with collaborations from legislative bodies and public sectors, to make public transport cleaner and greener. Hence, the automobile manufacturers are increasing their geographical presence and product offerings to sustain the intense competition and attract maximum sales.