Automotive Artificial Intelligence Market

Market Leader - Automotive Artificial Intelligence Market

The automotive AI market is expected to be valued at USD 782.9 Million in 2017 and is expected to reach USD 10,573.3 Million by 2025, at a CAGR of 38.46% between 2017 and 2025. The automotive AI market is expected to exhibit a significant growth between 2017 and 2025. The increasing demand for assisted driving, cloud computing, IoT, and enhanced connectivity is an important factor for the growth of AI in the automotive industry.

The key strategies adopted by most companies in the automotive AI market include product launches; partnerships, agreements, alliances, and collaborations; and acquisitions between 2015 and 2017. Product launches and product developments accounted for a share of 35.9% of the overall developments carried out in the market between 2015 and 2017; acquisitions accounted for 12.8%; and partnerships, alliances, agreements, collaborations, joint ventures, and expansions, collectively, accounted for a share of 51.3% of the overall developments carried out in the market during the same period.

NVIDIA Corporation is ranked first in the automotive AI market. It is one of the world leaders in the visual computing business. The company has a well-established geographic footprint and mainly deals with major OEMs and ODMs spread across the globe. In addition to this, the company has a first-mover advantage with the launch of DRIVE PX, an open AI car computing platform. The company has done a substantial investment in its R&D division. This has resulted in its strong organic growth and robust market positioning in terms of hardware product development pertaining to AI in the manufacturing market.

Alphabet Inc. is ranked second in the automotive AI market. In 2016, the company invested USD 13.95 Billion in R&D, which in turn is expected to result in strong organic development of the company for AI. Moreover, the acquisition of the emerging players for AI is anticipated to remain the key growth strategy for the company. One of the recent acquisitions of the company for development of its AI product offerings is Deepmind Technologies. This acquisition has helped Google to expand its business in the manufacturing market. The Google self-driving car project became Waymo, a self-driving technology company with a mission to make it easy and safe for people and things to move around. Waymo has the most self-driven miles-3 million-on city roads.

Related Reports:

Automotive Artificial Intelligence Market by Offering (Hardware, Software), Technology (Deep Learning, Machine Learning, Computer Vision, Context Awareness and Natural Language Processing), Process, Application and Region - Global Forecast to 2025

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Report Code
SE 5533
Published ON
Aug, 2017
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