Press release
Artificial Intelligence In Automotive Market Size, Share, Trends And Forecast Research Upto 2033
Artificial Intelligence In Automotive Market Size
Artificial Intelligence In Automotive Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $64.2 billion In 2028 At A CAGR Of 55.9%
The artificial intelligence in automotive market size has grown exponentially in recent years. It will grow from $6.7 billion in 2023 to $10.88 billion in 2024 at a compound annual growth rate (CAGR) of 62.3%. The growth in the historic period can be attributed to rising demand for enhanced user experience and convenience features, increasing awareness around these vehicles, growing adoption of ai in automotive supply chain, growth in demand for autonomous vehicle, increase in the use of manufacturing a car.
The artificial intelligence in automotive market size is expected to see exponential growth in the next few years. It will grow to $64.2 billion in 2028 at a compound annual growth rate (CAGR) of 55.9%. The growth in the forecast period can be attributed to autonomous driving development, increasing demand for connected cars, rising focus on vehicle safety, demand for in-car personalization, growing emphasis on energy efficiency, rapid advancements in computer vision. Major trends in the forecast period include autonomous driving advancements, personalized user experiences, predictive maintenance, enhanced vehicle connectivity, natural language processing (nlp) integration.
Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=13584&type=smp
Artificial Intelligence In Automotive Market Major Segments
The artificial intelligence in automotive market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Process: Data Mining, Image Or Signal Recognition
3) By Technology: Computer Vision, Context Awareness, Deep Learning, Machine Learning, Natural Language Processing (NLP)
4) By Application: Semi-autonomous vehicles, Fully-autonomous Vehicles
Key Driver - The Pivotal Role Of Artificial Intelligence In Meeting The Rising Demand For Autonomous Vehicles In The Automotive Market
The growing need for autonomous vehicles is expected to propel the growth of artificial intelligence in the automotive market going forward. An autonomous vehicle is a vehicle capable of operating itself and performing necessary functions without any human intervention through its ability to sense its surroundings. AI in automotive is being used to develop autonomous driving systems that can sense and interpret the environment, make decisions, and control the vehicle without human intervention. For instance, in December 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, there will be 3.5 million self-driving vehicles on U.S. roads by 2025 and 4.5 million by 2030. Therefore, the growing need for autonomous vehicles is driving the growth of artificial intelligence in the automotive market.
Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=13584&type=smp
Prominent Trend - Qualcomm Redefines Automotive Infotainment With 4th Generation Snapdragon Automotive Cockpit Platforms
Major companies operating in the artificial intelligence in the automotive market are developing innovative products such as Snapdragon automotive cockpit platforms to better serve their customers. The Snapdragon automotive cockpit platforms are advanced in-car technology platforms designed to enhance the automotive infotainment experience and enable connected and intelligent features in modern vehicles. For instance, in January 2021, Qualcomm, a US-based semiconductor company, launched the 4th Generation Snapdragon Automotive Cockpit Platforms. This new generation promises to redefine the in-car experience, offering a blend of advanced AI capabilities and seamless connectivity. The platforms are designed to revolutionize the digital cockpit, offering enhanced graphics, multimedia, computer vision, and in-car connectivity. They are fully scalable, supporting all three Snapdragon Automotive performance tiers, ranging from Performance, Premiere, and Paramount.
Artificial Intelligence In Automotive Market Players
Major companies operating in the artificial intelligence in automotive market report are Alphabet Inc., Toyota Motor Corporation , Microsoft Corporation, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, Honda Motor Co. Ltd., Tencent Holdings Ltd., Tesla Inc., Intel Corporation, The International Business Machines Corporation (IBM), Audi AG, Volvo Cars, AB Volvo, Qualcomm Technologies Inc., The Mercedes-Benz Group AG, Mitsubishi Electric , Uber Technologies Inc., Micron Technology Inc., NVIDIA Corporation, Harman International Industries Inc., Waymo LLC, Xilinx Inc., Argo AI, Cognata ltd
View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-automotive-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the artificial intelligence in automotive market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in automotive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Artificial Intelligence In Automotive Market Report Structure
3. Artificial Intelligence In Automotive Market Trends And Strategies
4. Artificial Intelligence In Automotive Market - Macro Economic Scenario
5. Artificial Intelligence In Automotive Market Size And Growth
…..
27. Artificial Intelligence In Automotive Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Artificial Intelligence In Automotive Market Size, Share, Trends And Forecast Research Upto 2033 here
News-ID: 3509457 • Views: …
More Releases from The Business research company
Livestock Waterer Market Overview, Key Trends, and Insights on Top Players
The livestock waterer industry is on track for notable expansion as the demand for efficient and innovative hydration solutions for animals grows. With advancements in technology and a rising focus on animal welfare and sustainability, this sector is becoming increasingly important in modern livestock management. Let's dive into the current market outlook, key players, emerging trends, and major segments shaping the livestock waterer market.
Projected Market Value and Growth Trajectory of…
Market Trend Analysis: The Impact of Recent Innovations on the Hen Market
The hen market is on track for substantial expansion over the coming years, driven by evolving consumer preferences and increasing demand for quality poultry products. This overview explores the anticipated growth, key players, prevailing trends, and market segmentation shaping the industry's future.
Strong Growth Outlook for the Hen Market Size Through 2030
The hen market is projected to experience significant growth, reaching a value of $379.8 billion by 2030. This expansion…
Growth Patterns, Segment Analysis, and Competitive Strategies Influencing the Gu …
The commercial greenhouse sector is evolving rapidly, driven by technological advancements and changing agricultural needs. Among these, gutter connected commercial greenhouses are gaining particular attention for their efficiency and scalability. This overview explores the market's anticipated growth, key players, emerging trends, and segmentation within this promising industry.
Projected Market Value and Expansion of the Gutter Connected Commercial Greenhouse Market
The gutter connected commercial greenhouse market is poised for substantial growth in…
Analysis of Key Market Segments Driving the Greenhouse Horticulture Market
The greenhouse horticulture sector is gaining significant traction as it adapts to the evolving demands of modern agriculture. With increasing emphasis on sustainable food production and advanced farming technologies, this market is set to experience substantial growth. Below is an in-depth overview of the market size, leading players, key trends, and segmentation details shaping the future of greenhouse horticulture.
Expanding Market Size and Growth Outlook for Greenhouse Horticulture
The greenhouse horticulture…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
