Automotive Artificial Intelligence Market Size 2023: Industry Outlook, Trends And Report Analysis By 2028

Industry Overview of Automotive Artificial Intelligence Market

Automotive artificial intelligence (AI) pertains to the application of AI technologies within the automotive sector. It hinges on the utilization of computer systems and algorithms to empower vehicles with the ability to perform tasks and make decisions autonomously, devoid of human intervention. This realm encompasses an array of technologies, including machine learning (ML), computer vision, natural language processing, and robotics. Automotive AI facilitates autonomous driving, enabling vehicles to navigate and operate independently, thereby enhancing safety, efficiency, and convenience. Moreover, it finds application in vehicle diagnostics, predictive maintenance, voice recognition systems, and tailored in-car experiences. Beyond this, it possesses the capacity to optimize traffic flow, mitigate congestion, and reduce fuel consumption, ultimately fostering the development of more streamlined and efficient transportation systems.

How Big Is the Automotive Artificial Intelligence Market?

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

Global Industry Trends and Drivers:

Currently, the market is experiencing significant growth driven by several key factors. One of the primary drivers is the surging demand for self-driving cars, driven by the potential for improved safety and convenience. Additionally, the increasing popularity of advanced driver assistance system (ADAS) technologies, including adaptive cruise control, lane-keeping assist, and automatic emergency braking, is contributing to market expansion. Furthermore, the growing availability of connected cars equipped with internet connectivity and various sensors is fostering a positive market outlook. Moreover, the increasing adoption of electric vehicles (EVs) is bolstering market growth. EVs are gaining traction due to their sustainability and their ability to reduce vehicular emissions, making them an environmentally friendly choice.

Request a free sample of report: https://www.imarcgroup.com/automotive-artificial-intelligence-market/requestsample

What Is Included In Market 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

Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

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.

Buy Full Report: https://www.imarcgroup.com/checkout?id=5824&method=1

Explore More Reports:
Solar Farm Market Report 2023-2028: https://www.imarcgroup.com/solar-farm-market

Automotive Actuators Market Report 2023-2028:https://www.imarcgroup.com/automotive-actuators-market

Flexible Foam Market Report 2023-2028:https://www.imarcgroup.com/flexible-foam-market

Virtualization Software Market Report 2023-2028: https://www.imarcgroup.com/virtualization-software-market

Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
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

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.

This release was published on openPR.