PRESS RELEASEPublished September 14, 2023 Report Description:Coherent Market Insights has recently published a Report, titled, “Artificial Intelligence in Automotive Market 2023 Analysis by Trends (Drivers, Constraints, Opportunities, Threats, Challenges, and Investment Opportunities), Size, Share, and Outlook” which provides an in-depth analysis of market performance, important current trends, and a comprehensive examination of industry segments by Type, Applications, and Regions. The research provides succinct details on important characteristics, including market size, trade, growth rate, and player insights. It draws attention to how company strategies, market trends, and the environment of competition are all converging. By offering both qualitative and quantitative insights through ...

We’re on the brink of a generative AI[1] revolution that spans countless industries. For an automotive ecosystem that’s ripe for innovation, we’re likely to see generative AI play a key role in the development of new products and services designed to enhance the driving experience.The impact that generative AI is set to have on the automotive industry cannot be overstated. Market forecasts suggest that the generative AI in automotive market size is expected to swell to around $2.105 billion by 2032[2], up from $271m in 2022 and growing at a CAGR of 23.4%.But what actually is generative AI? The term ...

AI (Artificial Intelligence) vehicle image generators are computer programs that use machine learning algorithms to create realistic images of cars and other vehicles. These generators can simulate different scenarios, such as urban environments or off-road terrains, and they can also generate images of vehicles with different colors and specifications.The importance of AI in the automotive industry cannot be overstated. As technology continues to transform the automotive sector, companies are looking for ways to optimize production, reduce costs, and improve the quality of their products. AI has become a key driver in this transformation, enabling manufacturers to develop tools and methods ...

Solar Thermoelectric Generators: Revolutionizing the Automotive IndustrySolar thermoelectric generators (STEGs) are rapidly emerging as a game-changing technology in the automotive industry. As the world continues to grapple with the effects of climate change and the urgent need to reduce greenhouse gas emissions, the automotive sector has been at the forefront of the transition to cleaner and more sustainable energy sources. The adoption of electric vehicles (EVs) has been steadily increasing, and now, solar thermoelectric generators are poised to revolutionize the industry even further.At its core, a solar thermoelectric generator is a device that converts sunlight into electricity through the Seebeck ...

In today’s tech-savvy world, people want their vehicles to be as smart as their phones or computers. Thanks to artificial intelligence for bringing our vision of smart vehicles to reality! While the impact of AI is considerable in almost every business sector, AI in the automotive industry is immensely powerful.Starting from industrial robots at production factories to self-driving vehicles, AI has transformed the automotive industry in various ways. It is why Mercedes-Benz, Toyota, Volkswagen, Tesla, Volvo, Bosch, and many other large industry players are proactively adopting AI technology to improve the customer experience.Benefits of AI in the Automotive IndustryImproved SafetyOne ...

PRESS RELEASEPublished April 14, 2023 Description:Coherent Market Insights has recently published a Report, titled, “Artificial Intelligence in Automotive Market 2023 Analysis by Trends (Drivers, Constraints, Opportunities, Threats, Challenges, and Investment Opportunities), Size, Share, and Outlook.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and the competitive landscape. All of the facts and information in the realistic Artificial Intelligence in Automotive market report helps businesses make better decisions and increase their return on investment (ROI). This market research study examines the market state, growth rate, future trends, market drivers, opportunities and challenges, ...

By Venkat Rajaraman, CEO & Founder, Cygni EnergyTechnology is rapidly transforming the automotive industry and is set to continue its dominance in the coming years of 2023-2024. In recent years, it has undergone a seismic shift, and this transformation is only going to accelerate in the years ahead. Advanced technologies such as artificial intelligence, machine learning, and the Internet of Things (IOT) are now at the forefront of the industry, paving the way for a new era of driving. As we look ahead to 2023-2024, it’s clear that technology will be the driving force behind the automotive industry’s evolution. With ...

What are PGMs and Why Does the Automotive Industry Need Them?Platinum group metals (PGMs) are a category of metals that include platinum, palladium, rhodium, ruthenium, osmium, and iridium. PGMs[1] are crucial to the automotive industry as they are required for autocatalysts within automotive catalytic converters and exhaust systems. These convert harmful pollutants into less dangerous carbon dioxide and water vapor.In 2020, 60% of global PGMs were utilized for autocatalysts, demonstrating the significance of PGMs to the auto industry.In the above graphic sponsor, KGP Auto[2] takes a look at the role PGMs will play in the future of decarbonizing the automotive industry. ...

Multi-Modal Transportation Multi-modal transportation is a system of transportation that combines various modes of transportation to give people more options for getting from one place to another. These modes of transportation can include buses, trains, bike-sharing programs, car-sharing services, and even walking. Multi-modal transportation is growing in popularity in urban areas because it provides an alternative to conventional single-mode transportation systems, such as the car.For instance, a commuter who lives in the suburbs but works in the city can use a park-and-ride lot, take the bus or train to the city, and then use a bike-sharing program to get to ...

The potential applications of ChatGPT in the automotive industry are pretty excitingDo you know anything about ChatGPT for the automotive industry? The automotive industry is being completely transformed by this cutting-edge AI technology, from the creation of sleek new models to the enhancement of consumer experiences. Buckle up because ChatGPT makes the automobile industry’s future exciting!The automotive industry has incorporated artificial intelligence into every aspect of company operations, with models like ChatGPT playing a critical role in this transformation. ChatGPT is being incorporated more and more into all facets of the automotive ecosystem as the sector develops, from design and manufacture ...