Automotive Artificial Intelligence Market
Automotive Artificial Intelligence Market - Global Industry Assessment & Forecast
Segments Covered
- By Offering Hardware, Software
- By Technology Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing
- By Process Signal Recognition, Image Recognition, Data Mining
- By Application Human–Machine Interface, Semi-autonomous Driving, Autonomous Driving
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 1963.88 Million |
Revenue 2030: | USD 17137.13 Million |
Revenue CAGR (2023 - 2030): | 31.10% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Automotive Artificial Intelligence Market by Offering by Technology by Process by Application - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Artificial Intelligence market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Artificial Intelligence market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Artificial Intelligence in terms of revenue?
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The global Automotive Artificial Intelligence valued at USD 1963.88 Million in 2022 and is expected to reach USD 17137.13 Million in 2030 growing at a CAGR of 31.10%.
Which are the prominent players in the market?
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The prominent players in the market are NVIDIA Corporation (US), Alphabet Inc. (US), Intel Corporation (US), IBM Corporation (US), Microsoft Corporation (US), Harman International Industries Inc. (US), Xilinx Inc. (US), Qualcomm Inc. (US), Tesla Inc. (US), Volvo Car Corporation (Sweden), BMW AG (Germany), Audi AG (Germany), General Motors Company (US), Ford Motor Company (US), Toyota Motor Corporation (Japan), Hyundai Motor Corporation (South Korea), Uber Technologies Inc. (US), Honda Motor Co. Ltd. (Japan), Daimler AG (Germany), and Didi Chuxing (China). Some important start-ups of the automotive AI market have also been included: AImotive (Hungary), Nauto Inc. (US), nuTonomy (US), Argo AI (US), and drive.ai (US)..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 31.10% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Automotive Artificial Intelligence include
- rise in demand for autonomous vehicles, as well as a preference for enhanced user experience and convenience features
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Automotive Artificial Intelligence in 2022.