Automotive Artificial Intelligence (AI) Market to Enjoy Tremendous Growth to 2023, Says Stratistics MRC in Report Available at MarketPublishers.com21 Nov 2017 • by Natalie Aster
LONDON – The automotive industry is recognised as the promise of artificial intelligence (AI) technology. Today, it is at the forefront of using AI. The introduction of such modern options as adaptive cruise control (ACC), advanced driver assistance systems (ADAS) and blind spot alert, amidst others, and escalating demand for safety and convenience open new lucrative opportunities for OEMs to create new and innovative AI systems that will attract customers.
As of the past year, the value of the world’s automotive AI industry stood at appr. USD 563.58 million. Over 2017-2023, this industry is poised to expand at a tremendous CAGR of 37.6% to cross the USD 5.26 billion mark in value terms.
The North American region is anticipated to take the dominant position in the global automotive AI market in the forecast period
In-demand topical report “Automotive Artificial Intelligence - Global Market Outlook (2017-2023)” elaborated by Stratistics Market Research Consulting (MRC) gives a reader a close look at the current scenario and dynamics of the automotive AI market at various geographical levels.
This research study includes updated information on the historical and present performance of the automotive AI industry, sheds light on the prevailing development trends, examines the major growth restraints and drivers. Furthermore, it points out future possible development patterns as well as growth challenges and opportunities. Moreover, this publication comprises a detailed analysis of the competition within the examined market and offers comprehensive profiles of the leading companies engaged in the automotive AI industry. In addition, a future outlook up till 2023 is at hand in this in-demand report.
To get access to a full collection of the publisher’s research reports visit the Stratistics MRC online page at MarketPublishers.com.