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Automotive Artificial Intelligence Market Research Report 2023-2028

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The global automotive artificial intelligence market size reached US$ 3.0 Billion in 2022.Looking forward, IMARC Group expects the market to reach a value of  US$ 17.6 Billion by 2028, exhibiting a growth rate (CAGR) of 31.91% during 2023-2028.

What is the Automotive Artificial Intelligence Market?

Automotive artificial intelligence represents progressive technologies, such as machine learning, deep learning, computer vision, natural language processing, etc., that are used to build smart and autonomous vehicles. Some of the processes include data mining, image recognition, signal recognition, and others. Automotive artificial intelligence solutions enable vehicles to analyze road conditions, provide driver assistance functions, predict malfunctions, control smart devices, schedule maintenance programs, and collect data on several events, including accidents, speeding, traffic violations, etc. They allow automobiles to sense and interact with their environment with the need for much human involvement. Consequently, they are in extensive use across the globe.

Request For Sample Reporthttps://www.imarcgroup.com/automotive-artificial-intelligence-market/requestsample

What Are The Major Market Drivers In The Automotive Artificial Intelligence Market

The shifting consumer preferences toward autonomous vehicles across the globe, on account of their advanced features, such as autopilot, self-driving, and automatic parking, that lower human efforts are among the key factors driving the automotive artificial intelligence market. Moreover, the increasing number of technological innovations, including the driver monitoring system that uses a driver-facing hi-tech camera on the dashboard to track the eye movements of drivers for alerting them from distraction and drowsiness and avoid fatal road mishaps, is acting as another significant growth-inducing factor.

 In line with this, the introduction of vehicle tracking software that is designed to facilitate a live update of a vehicle on various locations efficiently and effectively is also positively influencing the market growth. Additionally, the rising adoption of artificial intelligence for traffic management and the inflating investments in developing connected and autonomous vehicles are expected to bolster the automotive artificial intelligence market in the coming years.

Who Are The Key Players/Companies In The Automotive Artificial Intelligence Market?

Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, Hyundai Motor Company, Intel Corporation, International Business Machines Corporation, Micron Technology Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Incorporated, Tesla Inc., Toyota Motor Corporation and Uber Technologies Inc.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Component:

  • Hardware
  • Software
  • Services

Breakup by Technology:

  • Machine Learning and Deep Learning
  • Computer Vision
  • Natural Language Processing

Breakup by Process:

  • Data Mining
  • Image Recognition
  • Signal Recognition

Breakup by Application:

  • Semi-Autonomous
  • Autonomous

By Geography:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Services Private Limited.

30 N Gould St Ste R

Sheridan, WY 82801 USA – Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas:- +1 631 791 1145 |

Africa and Europe :- +44-702-409-7331 |

Asia: +91-120-433-0800, +91-120-433-0800


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