Global Automotive Artificial Intelligence (AI) Market

Automotive Artificial Intelligence (AI) Market Size, Share, Growth Analysis, By Technology(cameras, RADAR, GPS, LiDAR), By End user(Autonomous Driving, Semi-Autonomous Driving, Human–Machine Interface), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45A2064 | Region: Global | Published Date: March, 2024
Pages: 197 | Tables: 65 | Figures: 72

Automotive Artificial Intelligence (AI) Market Insights

Global Automotive Artificial Intelligence (AI) Market size was valued at USD 129.12 billion in 2022 and is poised to grow from USD 178.31 billion in 2023 to USD 2359.05 billion in 2031, at a CAGR of 38.1% during the forecast period (2024-2031).

Artificial intelligence (AI) is one of the slowest advances in software engineering. It is related to human intelligence through equivalence qualities such as language acquisition, reasoning, learning, and critical thinking. Manufacturers on the market are observing enormous and fundamental scientific difficulties in reorienting and correcting innovations. Moreover, the development of automotive business relies on to drive the automotive artificial intelligence market. The automotive industry has come across the promise of artificial intelligence and is one of the notable companies using AI to augment and replicate human activity.

Artificial intelligence (AI) is one of the slowest advances in software engineering. It is related to human intelligence through equivalence qualities such as language acquisition, reasoning, learning, and critical thinking. Manufacturers on the market are observing enormous and fundamental scientific difficulties in reorienting and correcting innovations.

Moreover, the development of automotive business relies on to drive the automotive artificial intelligence market. The automotive industry has come across the promise of artificial intelligence and is one of the notable companies using AI to augment and replicate human activity.

US Automotive Artificial Intelligence (AI) Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Automotive Artificial Intelligence (AI) Market size was valued at USD 129.12 billion in 2022 and is poised to grow from USD 178.31 billion in 2023 to USD 2359.05 billion in 2031, at a CAGR of 38.1% during the forecast period (2024-2031).

The Automotive Artificial Intelligence (AI) Market is highly fragmented with the presence of several small and large market players operating all over the world. Major companies of the market are implementing several business strategies such as new product launches, acquisition & mergers, collaboration, and partnerships for the expansion of their geographical presence and their product portfolio. 'AiCure', 'Arm Limited', 'Atomwise, Inc.', 'Ayasdi AI LLC', 'Baidu, Inc.', 'Clarifai, Inc', 'Cyrcadia Health', 'Enlitic, Inc.', 'Google LLC', 'H2O.ai.', 'HyperVerge, Inc.', 'International Business Machines Corporation', 'IBM Watson Health', 'Intel Corporation', 'Iris.ai AS.', 'Lifegraph', 'Microsoft'

Market rewards improve as buyers become more proactively knowledgeable about free progressions. Interest in self-driving cars will continue to flood aggressively throughout this period, as buyers rapidly advanced driver assistance by reducing vehicle weight and ensuring road abundance. Automaker are taking note of these examples and taking them to next level to offer innovative driver assistance solutions. Another variable contributing to the market share of artificial intelligence in cars is increasing revenues on driver comfort and creating headroom for adaptability.

Increasing positive consumer perceptions of self-driving technology will complement market revenue. Demand for self-driving vehicles will grow exponentially during the forecast period as consumers rapidly adopt driver-assist technologies to reduce driving stress and ensure road safety. Automakers are taking note of these trends and offering innovative driver assistance solutions to gain a competitive edge. The factors contributing to the market share of artificial intelligence in vehicles are increasing demand for driver comfort and improving access to mobility.

The Automotive Artificial Intelligence Market in North America is expected to grow at a high rate. The early adoption of technologies such as AI, machine learning, deep learning and automation. Additionally, the growing trend toward autonomous and electric vehicles and increasing implementation of driver assistance technologies contributes to the increase in per capita income in the region. This is some of the aspects that continue to lead the North American region.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Automotive Artificial Intelligence (AI) Market

Report ID: SQMIG45A2064

$5,300
BUY NOW GET FREE SAMPLE