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Artificial Intelligence (AI) in Automotive Market Trends, Growth Analysis Till 2

Car manufacturers are trying to employ AI-powered robots, which help streamline their manufacturing process and boost their production capabilities.

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Artificial Intelligence (AI) in Automotive Market Trends, Growth Analysis Till 2

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  1. Artificial Intelligence (AI) in Automotive Market to at over 55% CAGR from 2023 to 2032: Global Market Insights, Inc. Global Market Insights Inc.

  2. Overview of Artificial Intelligence (AI) in Automotive Market • Global AI in Automotive Market is poised to witness significant growth through 2032, primarily due to the increasing integration of AI in car manufacturing. Car manufacturers are trying to employ AI-powered robots, which help streamline their manufacturing process and boost their production capabilities. • Besides, the increased cognizance of the benefits of the CaaP (car as a platform) business model, including its ability to offer scalable and affordable service models and minimize overall capital investments, will further bolster market growth in the foreseeable future. • In terms of the components, the market size from the services segment was valued at USD 1 billion in 2022 and is poised to expand at a noticeable growth rate through 2032. The demand for third-party service providers has gained significant momentum in recent years, which, in association with the lack of skilled professionals in the automotive industry will propel segment revenues during the analysis period. Global Market Insights Inc.

  3. Continue… • Based on technology, the computer vision segment amassed more than 15% market share in 2022 and is set to record a sizeable valuation by 2032. The consistent rise in demand for improving the navigation of autonomous vehicles is fueling the adoption of computer vision technology across the automotive sector. • Similarly, the natural language processing segment is also slated to exhibit significant growth through 2032. NLP helps passengers interact with autonomous vehicles using voice commands for different applications, including route changing, virtual valet parking, and accessing in-vehicle infotainment systems. The ongoing increase in demand for improved in-vehicle experience will stimulate industry revenues between 2023 and 2032. • In the context of the process, the AI in automotive market is likely to be defined by the image/signal recognition segment. The increasing demand for semi-autonomous automobiles that deploy computer vision systems to enhance the night vision mode is likely to foster market growth through the analysis timeframe. Global Market Insights Inc.

  4. Continue… • With respect to the application landscape, the market is likely to be characterized by the semi-autonomous vehicles segment. The growth of this segment is attributed to the current trend associated with the development of semi-autonomous vehicles from level 1 to level 3 by major automotive solution providers such as Audi, Tesla, and Cadillac. • From the regional context, the North America AI in automotive market will grow exponentially from 2023 to 2032. The regional growth is attributed to the flourishing automotive manufacturing sector in countries such as Canada. Besides, the rapid adoption of AI technology across the automotive industry in the U.S. will also facilitate market growth. • Notable participants in the Artificial Intelligence (AI) in Automotive market include: BMW AG, IBM Corporation, Honda Motors, Volvo Car Corporation, AUDI AG, Ford Motor Company, Intel Corporation, NVIDIA Corporation, Tencent, Microsoft, Intel Corporation, Tesla Inc, Uber Technologies Global Market Insights Inc.

  5. Browse Full Research Report On Artificial Intelligence (AI) in Automotive Market@ https://bit.ly/3WxeVmy Request for a sample of this research report @ https://bit.ly/3PZsIj7 Global Market Insights Inc.

  6. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

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