Automotive Artificial Intelligence Market

Automotive Artificial Intelligence

Market

Automotive Artificial Intelligence Market

Scope: Industry Analysis, Market Size,

Growth, Trends till 2030

Automotive Artificial Intelligence Market Report

Automotive Artificial Intelligence Market Size and Growth

The Automotive Artificial Intelligence (AI) market is experiencing rapid growth, driven by advancements in autonomous driving technologies, predictive maintenance, and vehicle connectivity. In 2023, the market size was estimated at around USD 2.5 billion and is expected to grow at a compound annual growth rate (CAGR) of 35-40% over the next five years.

Companies Covered : (Covid-19 Impact Covered)

o NVIDIA Corporation (US)

o Alphabet Inc. (US)

o Intel Corporation (US)

o IBM Corporation (US)

o Microsoft Corporation (US)

o Harman International Industries Inc. (US)

The automotive artificial intelligence (AI) market has seen significant growth, especially with the integration of AI in autonomous driving and advanced driver-assistance systems (ADAS). Major companies in the market include NVIDIA Corporation, Tesla Inc., Waymo (Alphabet Inc.), Intel Corporation, and BMW Group. The market, which was impacted by the COVID-19 pandemic, faced a temporary slowdown due to supply chain disruptions, but recovery has been strong with increasing investments in AI-powered technologies.

Automotive Artificial Intelligence Market Segmentation

Application

Passanger Cars

Commercial Vehicles

Product

Automatic Drive

ADAS