Every day, almost every single human is dependent on Automotive Industry for various transportation purposes; it is no concealed fact that we cannot imagine living without them. But with the changing trends and developments in the technology, Automotive Industry has no exception in lagging back.
Artificial Intelligence (AI) in Automotive Market size exceeded USD 1 billion in 2019 and is estimated to grow at over 35% CAGR between 2020 and 2026.
A few years back when AI paved its way through different sectors of the market, no one predicted that AI would be an integral part of the Automobile Industry. Today as we can see AI is in motion from the supply chain to after sale services of the Automotive Industry.
A research study conducted by Ijirset stated that, Tens of millions of people have lost their lives or have become disabled worldwide in the last 10 years because of vehicle accidents. Almost all the traffic accidents are caused by human mistakes.
Many companies in the Automobile Industry knew that such incidents could be taken as an advantage by taking proper measures and improvements by adapting to the technology and providing best services to the customers.
Today we are witnessing the development of AI at an ultimate level which handed down well can be doing the work easy for everyone; the same goes for Automotive Industry. And it is a win-win game for the customers and the company.
Tesla is one such company that has been making tremendous development in the Industry with AI and Machine Learning. From the co-pilot to the main seat, Tesla is not leaving any nots loose, all we can do now is, have a seatback see what AI has in store for us.