Chicago, Feb. 02, 2024 (GLOBE NEWSWIRE) — Increasing investments and rising demand for advanced technologies in autonomous vehicles to boost the need for AI Camera market in the country.
The AI camera market in the US is experiencing substantial growth, propelled by increasing investments and a rising demand for advanced technologies in autonomous vehicles. As the automotive industry undergoes a transformative shift toward autonomous driving, the need for sophisticated perception systems, including AI-powered cameras, has become paramount.
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The investments pouring into autonomous vehicle development are directed toward enhancing safety, navigation, and overall performance, making AI cameras a crucial component in this technological evolution. For instance, In January 2023, self-driving truck firm Outrider raised USD 73 million in funding to scale up its autonomous trucks operating in distribution yards for customers in e-commerce, manufacturing, and other industries. The company plans to utilize the funds towards the development of autonomous technology such as driver assistance systems and autonomous driving.
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Investments in autonomous vehicles are driving the development and integration of cutting-edge technologies, with AI cameras playing a pivotal role in the perception and decision-making capabilities of these vehicles. The demand for advanced driver …
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