Global AI in Automotive Market Size To Worth USD 175.1 Billion by 2033 | CAGR of 43.50%
Category: Automotive & TransportationGlobal AI in Automotive Market Size To Worth USD 175.1 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global AI in Automotive Market Size is Expected to Grow from USD 4.73 Billion in 2023 to USD 175.1 Billion by 2033, at a CAGR of 43.50% during the forecast period 2023-2033.
Get more details on this report -
Browse key industry insights spread across 250 pages with 110 Market data tables and figures & charts from the report on the "Global AI in Automotive Market Size, Share, and COVID-19 Impact Analysis, By Technology (Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing, and Others), By Application (Human-Machine Interface, Autonomous Vehicles, Semi-Autonomous Vehicles, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/ai-in-automotive-market
The global AI in automotive market refers to the incorporation of artificial intelligence technologies into various aspects of the automotive industry, including manufacturing, supply chain, in-vehicle systems, and after-sales services. AI applications include self-driving and advanced driver assistance systems (ADAS), as well as predictive maintenance, smart infotainment, natural language processing, and real-time navigation. The abundance of data from sensors, IoT devices, and connected infrastructure enables AI models to continuously learn and improve vehicle performance. Government regulations requiring safety features and reduced carbon emissions are encouraging manufacturers to use AI-powered systems. However, the global AI in automotive market faces challenges, including the high cost of AI system integration, which may limit adoption in low- to mid-range vehicles.
The deep learning segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the technology, the AI in automotive market is divided into deep learning, machine learning, context awareness, computer vision, natural language processing, and others. Among these, the deep learning segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. This is largely due to its significance in enabling advanced driver assistance systems (ADAS), autonomous driving, and real-time decision-making capabilities in vehicles.
The autonomous vehicles segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the application, the AI in automotive market is divided into human-machine interface, autonomous vehicles, semi-autonomous vehicles, and others. Among these, the autonomous vehicles segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Autonomous vehicles rely on a variety of AI-powered systems, including computer vision, deep learning, and sensor fusion, to interpret real-time driving conditions and ensure safe operation without human intervention.
North America is estimated to hold the largest share of the AI in automotive market over the forecast period.
Get more details on this report -
North America is estimated to hold the largest share of the AI in automotive market over the forecast period. Leading AI innovators and automotive behemoths call the region home, and they are aggressively integrating AI into vehicle systems to improve safety, performance, and the user experience. Regulatory initiatives to support autonomous vehicle testing, as well as increased consumer adoption of AI-enabled features such as voice assistants and driver assistance systems, contribute to North America's market leadership.
Asia-Pacific is predicted to have the fastest CAGR growth in the AI in automotive market over the forecast Period. Countries such as China, Japan, and South Korea are investing heavily in AI research and autonomous vehicle development, aided by favorable government policies and smart city projects. The region's growing middle class and tech-savvy consumer base are accelerating the adoption of AI-powered infotainment, safety, and navigation systems.
Major key players in the AI in automotive market include Tesla, Inc., Volvo Car Corporation, Intel Corporation, Hyundai Motor Company, Audi AG, Qualcomm Inc., Xilinx, General Motors Company, Toyota Motor Corporation, IBM, Microsoft Corporation, BMW AG, Uber Technologies Inc, Ford Motor Company, NVIDIA, Honda Motor Co. Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the AI in automotive market based on the below-mentioned segments:
Global AI in Automotive Market, By Technology
- Deep Learning
- Machine Learning
- Context Awareness
- Computer Vision
- Natural Language Processing
- Others
Global AI in Automotive Market, By Application
- Human-Machine Interface
- Autonomous Vehicles
- Semi-Autonomous Vehicles
- Others
Global AI in Automotive Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?