The global market for Automotive Artificial Intelligence is estimated at US$4.4 Billion in 2023 and is projected to reach US$16.8 Billion by 2030, growing at a CAGR of 21.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the automotive artificial intelligence market is driven by several factors. Firstly, the increasing demand for autonomous vehicles and advanced driver-assistance systems is a major driver, as AI is essential for their development and operation. Secondly, advancements in AI algorithms and computing power are enhancing the capabilities and reliability of AI applications in vehicles. Thirdly, the growing emphasis on vehicle safety and the need to reduce road accidents are driving the adoption of AI-powered safety features.
Additionally, the rise of connected and smart vehicles is boosting the demand for AI-driven in-car personal assistants and infotainment systems. Furthermore, the automotive industry's focus on predictive maintenance and operational efficiency is contributing to the adoption of AI in vehicle diagnostics and manufacturing processes. Lastly, significant investments by automakers and tech companies in AI research and development are further propelling the growth of the automotive AI market.
The growth in the automotive artificial intelligence market is driven by several factors. Firstly, the increasing demand for autonomous vehicles and advanced driver-assistance systems is a major driver, as AI is essential for their development and operation. Secondly, advancements in AI algorithms and computing power are enhancing the capabilities and reliability of AI applications in vehicles. Thirdly, the growing emphasis on vehicle safety and the need to reduce road accidents are driving the adoption of AI-powered safety features.
Additionally, the rise of connected and smart vehicles is boosting the demand for AI-driven in-car personal assistants and infotainment systems. Furthermore, the automotive industry's focus on predictive maintenance and operational efficiency is contributing to the adoption of AI in vehicle diagnostics and manufacturing processes. Lastly, significant investments by automakers and tech companies in AI research and development are further propelling the growth of the automotive AI market.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Automotive AI Software segment, which is expected to reach US$10.9 Billion by 2030 with a CAGR of a 22.5%. The Automotive AI Hardware segment is also set to grow at 18.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.4 Billion in 2023, and China, forecasted to grow at an impressive 22.7% CAGR to reach $2.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Artificial Intelligence Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Artificial Intelligence Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Artificial Intelligence Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Accenture PLC, Advanced Micro Devices, Inc., AB Volvo, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 133 Featured):
- Accenture PLC
- Advanced Micro Devices, Inc.
- AB Volvo
- Arm Ltd.
- Aptiv PLC
- Artificial Solutions International AB
- Appen Ltd.
- Argo AI, LLC
- Allerin Tech Pvt Ltd.
- AI Parts
- AEye, Inc.
- Alegion
- AdChat Media Technology Inc.
- Acerta Analytics Solutions, Inc.
- Andersen Lab
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAJAPANCHINAFRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
EUROPE
ASIA-PACIFIC
Companies Mentioned
- Accenture PLC
- Advanced Micro Devices, Inc.
- AB Volvo
- Arm Ltd.
- Aptiv PLC
- Artificial Solutions International AB
- Appen Ltd.
- Argo AI, LLC
- Allerin Tech Pvt Ltd.
- AI Parts
- AEye, Inc.
- Alegion
- AdChat Media Technology Inc.
- Acerta Analytics Solutions, Inc.
- Andersen Lab
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 572 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.4 Billion |
| Forecasted Market Value ( USD | $ 16.8 Billion |
| Compound Annual Growth Rate | 21.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
