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Global Automotive Artificial Intelligence Market 2023 Growth Opportunities, Regional Segmentation, New Technologies And Forecast To 2032| Major Players Are DiDi Chuxing Technology, Otto Motors, Waymo LLC, Microsoft Corporation, Intel Corporation
Automotive Artificial Intelligence Market
The Business Research Company's Automotive Artificial Intelligence Global Market Report 2023 identifies growing demand for autonomous vehicles as the major driver for the Automotive Artificial Intelligence Market's growth in the forecast period. rtificial intelligence has a wide range of applications in the automotive industry. As technology evolves, the automobile industry has taken advantage of discoveries to provide new ways to make driving more autonomous. Using artificial intelligence to develop self-driving automobiles is one of them. A self-driving car (also known as an autonomous car or driverless car) is a vehicle that travels to locations without the need for a human driver by utilizing a variety of sensors, radars, cameras, and artificial intelligence.
The global automotive artificial intelligence market size grew from $1.98 billion in 2022 to $2.79 billion in 2023 at a compound annual growth rate (CAGR) of 40.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive artificial intelligence market size is expected to grow to $10.51 billion in 2027 at a CAGR of 39.3%.
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Major competitors in the automotive artificial intelligence market are DiDi Chuxing Technology, Otto Motors, Waymo LLC, Microsoft Corporation, Intel Corporation, NVIDIA Corporation, BMW AG, IBM Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc., Tesla Inc., Volvo Car Corporation, Micron Technology, Inc., Toyota, and Uber Technologies.
A key trend in the Automotive Artificial Intelligence Market includes Strategic collaborations. Companies providing artificial automotive intelligence are undergoing partnerships and collaborations to develop new technologies and products. For instance, in May 2021, a mobile transportation company based in China and Volvo, an automobile manufacturing company based in Sweden, are involved in a partnership with automatic driving vehicles. Through this partnership, Volvo will provide Didi with XC90 SUVs fitted with steering and brake backup systems. The vehicles will be the first to use Didi Gemini, the ride-hailing company's new self-driving hardware platform, and will be tested with human safety drivers.
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The Automotive Artificial Intelligence Market is segmented -
By Component: Hardware, Software, Service
By Type: Automatic Drive, ADAS
By Process: Signal Recognition, Image Recognition, Data Mining
By Technology: Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing
By Application: Semi-Automatic, Human Machine Interface, Autonomous Driving
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Automotive Artificial Intelligence Market.
The Business Research Company's "Global Automotive Artificial Intelligence Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Artificial Intelligence Market Include:
1. Executive Summary
2. Automotive Artificial Intelligence Market Characteristics
3. Automotive Artificial Intelligence Market Trends And Strategies
4. Automotive Artificial Intelligence Market - Macro Economic Scenario
5. Automotive Artificial Intelligence Market Size And Growth
……
26. Africa Automotive Artificial Intelligence Market
27. Automotive Artificial Intelligence Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automotive Artificial Intelligence Market
29. Automotive Artificial Intelligence Market Future Outlook and Potential Analysis=
30. Appendix
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