Report Feature
Automotive Artificial Intelligence Market Trends and Forecast
The future of the global automotive artificial intelligence market looks promising with opportunities in the human–machine interface, semi-autonomous driving, autonomous driving, identity authentication, driver monitoring, and autonomous driving processor chip applications. The global automotive artificial intelligence market is expected to reach an estimated $3.3 billion by 2028 with a CAGR of 28.4% from 2023 to 2028. The major drivers for this market are growing demand for convenience features in automobiles, emergence of payment in-car concept, and increasing use of AI in traffic control and advanced automotive technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Artificial Intelligence Market by Segment
The study includes trends and forecast for the global automotive artificial intelligence market by offering, technology, process, component, application, and region, as follows:
Automotive Artificial Intelligence Market by Offering [Value ($B) Shipment Analysis from 2017 to 2028]:
- Hardware
- Software
Automotive Artificial Intelligence Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
- Deep Learning
- Machine Learning
- Context- Aware Computing
- Computer Vision
- Natural Language Processing
Automotive Artificial Intelligence Market by Process [Value ($B) Shipment Analysis from 2017 to 2028]:
- Signal Recognition
- Image Recognition
- Data Mining
Automotive Artificial Intelligence Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
- Graphics processing unit (GPU)
- Microprocessors (Incl. ASIC)
- Field Programmable Gate Array (FPGA)
- Memory and Storage System
- Image Sensor
- Biometric Scanner
- Others
Automotive Artificial Intelligence Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
- Human–Machine Interface
- Semi-autonomous Driving
- Autonomous Driving
- Identity Authentication
- Driver Monitoring
- Autonomous Driving Processor Chip
Automotive Artificial Intelligence Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Artificial Intelligence Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, automotive artificial intelligence companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive artificial intelligence companies profiled in this report include--
Automotive Artificial Intelligence Market Insights
- Lucintel forecasts that deep learning will remain the largest technology segment over the forecast period due to growing investment in the development of self-driving cars in which this technology is utilized for data analysis, speech recognition, and image processing.
- Human–machine interface is expected to remain the largest application segment due to the expanding use of HMI in various automotive applications, such as voice recognition systems and gesture recognition systems.
- North America will remain the largest region due to the extensive use of AI in the automotive sector to ensure the safety of autonomous vehicles and introduction of self-driving vehicles in the region.
Features of the Automotive Artificial Intelligence Market
- Market Size Estimates: Automotive artificial intelligence market size estimation in terms of value ($B)
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Automotive artificial intelligence market size by various segments, such as by offering, technology, process, component, application, and region
- Regional Analysis: Automotive artificial intelligence market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different offerings, technology, processes, components, applications, and regions for the automotive artificial intelligence market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the automotive artificial intelligence market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive artificial intelligence market size?
Answer: The global automotive artificial intelligence market is expected to reach an estimated $3.3 billion by 2028.
Q2. What is the growth forecast for automotive artificial intelligence market?
Answer: The global automotive artificial intelligence market is expected to grow with a CAGR of 28.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive artificial intelligence market?
Answer: The major drivers for this market are growing demand for convenience features in automobiles, emergence of payment in-car concept, and increasing use of AI in traffic control and advanced automotive technologies.
Q4. What are the major segments for automotive artificial intelligence market?
Answer: The future of the automotive artificial intelligence market looks promising with opportunities in the human–machine interface, semi-autonomous driving, autonomous driving, identity authentication, driver monitoring, and autonomous driving processor chip applications.
Q5. Who are the key automotive artificial intelligence companies?
Answer: Some of the key automotive artificial intelligence companies are as follows:
Answer: The global automotive artificial intelligence market is expected to reach an estimated $3.3 billion by 2028.
Q2. What is the growth forecast for automotive artificial intelligence market?
Answer: The global automotive artificial intelligence market is expected to grow with a CAGR of 28.4% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the automotive artificial intelligence market?
Answer: The major drivers for this market are growing demand for convenience features in automobiles, emergence of payment in-car concept, and increasing use of AI in traffic control and advanced automotive technologies.
Q4. What are the major segments for automotive artificial intelligence market?
Answer: The future of the automotive artificial intelligence market looks promising with opportunities in the human–machine interface, semi-autonomous driving, autonomous driving, identity authentication, driver monitoring, and autonomous driving processor chip applications.
Q5. Who are the key automotive artificial intelligence companies?
Answer: Some of the key automotive artificial intelligence companies are as follows:
- Nvidia
- Alphabet
- Intel
- Microsoft
- IBM
Q6. Which automotive artificial intelligence segment will be the largest in future?
Answer: Lucintel forecasts that deep learning will remain the largest technology segment over the forecast period due to growing investment in the development of self-driving cars in which this technology is utilized for data analysis, speech recognition, and image processing.
Q7. In automotive artificial intelligence market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region as extensive use of AI in the automotive sector to ensure the safety of autonomous vehicles and introduction of self-driving vehicles in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that deep learning will remain the largest technology segment over the forecast period due to growing investment in the development of self-driving cars in which this technology is utilized for data analysis, speech recognition, and image processing.
Q7. In automotive artificial intelligence market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region as extensive use of AI in the automotive sector to ensure the safety of autonomous vehicles and introduction of self-driving vehicles in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
