Global Automotive Artificial Intelligence Market 2018-2022 | ADAS Segment Dominates the Global Market | Technavio
LONDON--(BUSINESS WIRE)--Aug 24, 2018--According to the latest market research report released by Technavio, the global automotive artificial intelligence market is expected to accelerate at a CAGR of over 37% during the forecast period. The rising penetration of ADAS is one of the key factors triggering the growth of the market.
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Technavio has published a new market research report on the global automotive artificial intelligence market from 2018-2022. (Graphic: Business Wire)
This research report titled ’ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global automotive artificial intelligence market into the following applications:
In 2017, the ADAS segment accounted for 70% of the global market and is projected to reach 73% by 2022, exhibiting almost 3% increase in market share.
Global automotive artificial intelligence market: Top emerging trend
Development of autonomous fleet of cab and parcel delivery services is an emerging trend in the automotive artificial intelligence space. Cab and parcel delivery services extensively use vehicles, which allows vehicle makers to generate significant amounts of data regarding various drive patterns, traffic patterns, road conditions, etc. Autonomous vehicles need to undergo multitudes of real-life scenarios to test their integrity and safety. Autonomous vehicles launched as cabs and parcel delivery services provide the learning foundation by putting the vehicle through all possible types of driving conditions.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Market Segmentation Analysis
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SOURCE: Technavio Research
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