by 
The global automotive artificial intelligence market has seen explosive growth over the last decade due to rising demand for advanced driver assistance systems and connected vehicle technologies. Artificial intelligence and machine learning algorithms have become integral components in modern vehicles, enabling autonomous driving capabilities, predictive maintenance, personalized infotainment, and more. Advanced AI systems can process vast amounts of data from onboard sensors and cameras to detect objects, interpret complex road conditions, and even control certain driving functions. This has significantly enhanced safety and convenience for drivers and passengers.
The global Automotive Artificial Intelligence Market is estimated to be valued at US$ 11.21 billion in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Get more insights on this topic: https://www.coherentmarketinsights.com/market-insight/endometriosis-treatment-market-1999
Market key trends:
One of the major trends driving growth in the automotive AI market is the development of deep learning techniques. Deep learning uses artificial neural networks that can analyze vast amounts of unstructured data, like images and audio, to identify complex patterns and relationships. This has allowed automakers to develop more sophisticated computer vision and image recognition systems for advanced driver assistance technologies. Deep learning is also enabling massive improvements in autonomous driving capabilities, as neural networks can now comprehend the complex and unpredictable environments of public roads. Automakers are heavily investing in expanding their deep learning engineering teams and datasets to continue advancing self-driving car research. Another key trend is the rising integration of AI-based virtual assistants into vehicle infotainment systems. As voice control and smart home devices grow in popularity, consumers are demanding advanced AI assistants in their cars to manage calls, entertainment, navigation, and vehicle functions with simple voice commands. This is driving rapid innovation and adoption of advanced conversational AI technologies for the automotive sector.
Porter’s Analysis
Threat of new entrants: The entry of new players in the endometriosis treatment market is moderate due to the presence of established market players and requirement of high capital investments.
Bargaining power of buyers: The bargaining power of buyers is high owing to the availability of generic treatment options.
Bargaining power of suppliers: The bargaining power of suppliers is moderate due to the availability of alternative treatment options.
Threat of new substitutes: The threat of new substitutes is high with the emergence of alternative treatment therapies.
Competitive rivalry: The competitive rivalry among existing players is high due to their established brand presence and strategic collaboration activities.
Key Takeaways
The global endometriosis treatment market is expected to witness high growth over the forecast period. The global Automotive Artificial Intelligence Market is estimated to be valued at US$ 11.21 billion in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.
Regional analysis
North America is expected to hold the largest share in the endometriosis treatment market during the forecast period. This is attributed to the increasing prevalence of endometriosis, availability of advanced treatment options, and favorable reimbursement policies in the region.
Key players
Key players operating in the endometriosis treatment market are AbbVie Inc., Astellas Pharma Inc., AstraZeneca, Bayer AG, Pfizer Inc.
*Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
