The global demand for Automotive Artificial Intelligence Market is presumed to reach the market size of nearly USD 43.87 MN by 2028 from USD 4.29 MN in 2021 with a CAGR of 39.38% under the study period 2022 - 2028.
The automotive sector is enthusiastically using AI to mimic, augment and support human actions and also leveraging the advanced reaction times and attain a precision of Machine based system. Artificial intelligence is widely used in semi-autonomous and autonomous vehicles to detect malfunctions, control smart devices, scheduled maintenance programs, collect events data, including speeding and traffic violations, etc. It also aids in increasing workflow, privacy, data security, etc., and enables rapid innovations.
Market Dynamics
The surging demand for automatic vehicles because of their extraordinary features like autopilot and automatic parking that reduce human efforts, is primarily working as the driving factor for the Automotive AI market. The government policies about road safety are also catalyzing the market growth of automotive AI. Additionally, Automotive AI promotes predicting the object in the vehicle vicinity, self-parking, changing lanes, and increasing driver comfort while reducing accidents, and is also playing the role of a significant growth-inducing factor. The driver monitoring system offers a hi-tech camera facing the driver on the dashboard to keep drivers alert from distractions, which is anticipated to fuel the Automotive AI market over the assessment period.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive artificial intelligence. The growth and trends of automotive artificial intelligence industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive artificial intelligence market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Technology
- Computer Vision
- Context Awareness
- Deep Learning
- Machine Learning
- Natural Language Processing
By Process
- Data Mining
- Image Recognition
- Signal Recognition
By Application
- Semi-Autonomous Driving
- Human Machine Interface
- Autonomous Driving
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Artificial Intelligence market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Artificial Intelligence Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive artificial intelligence market include Intel Corporation, Alphabet Inc., NVIDIA Corporation, IBM Corporation, Harman International Industries Inc., Microsoft Corporation, Xilinx Inc., Qualcomm Inc., Tesla Inc., Volvo Car Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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