Partnerships between Technology and Automotive Giants to Propel the Growth of Automotive Artificial Intelligence Industry
The booming automotive industry is a constant source of driving demand in the Automotive Artificial Intelligence Industry. With the emergence of cloud-hosted intelligence, driver assist features and internet of thing the market for automotive artificial intelligence is expected to witness significant growth in the near future. Additionally with major players in the automotive industry heavily investing in development of artificial intelligence for automobiles, the industry wide standard such as the adaptive cruise control, advanced driver assistance systems and blind spot alert would further trigger the growth in the Automotive Artificial Intelligence Industry. Changing consumer preference towards convenience and safety provides an opportunity for original equipment manufacturers in the automotive AI market. The global Automotive Artificial Intelligence Industry is expected to register a healthy growth rate of more than 10%. High cost and relative lack of awareness among consumers ...