Automotive Artificial Intelligence Market 2022 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global automotive artificial intelligence market size is expected to reach USD 15,133.8 million by 2030, expanding at a compound annual growth rate (CAGR) of 25.8%. The market is reported to be USD 2,412.7 million in 2021. The key factors fueling the growth of automotive artificial intelligence industry include growing demand for enhanced user experience and convenience features, rising use of AI to make buying decisions, and increasing adoption of ADAS technology by OEMs. Increasing demand for premium vehicles is expected to provide lucrative opportunities for the global market throughout the forecast period.

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REGIONAL ANALYSIS

On the basis of region, the report offers an analysis on of automotive artificial intelligence industry in Europe, North America, Latin America, Asia Pacific, and Middle East & Africa. Among these regions, North America captures the major market share, and followed by Europe. The growth of the regional market is likely to be driven by rising adoption of ai-based systems in automotive industry. The market growth in Europe can be attributed to the growing demand for advanced vehicle safety features.

The growth of the automotive artificial intelligence market in North America is likely to be driven by development of autonomous vehicles which is expected to propel demand for automotive AI.

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SEGMENTATION ANALYSIS

Based on offering, the automotive artificial intelligence market has been classified into hardware, and software. The software segment is projected to be the largest segment during the forecast period. The software segment is further classified into solutions, and platforms.   

Based on process, the automotive artificial intelligence market is segmented into data mining, image recognition, and signal recognition.

Based on application, the automotive artificial intelligence market has been classified into human–machine interface, autonomous driving, autonomous driving processor chips, driver monitoring, identity authentication, and semi-autonomous driving. The human–machine interface segment is projected to be the largest segment during the forecast period.

By component, the global automotive artificial intelligence market has been divided into graphics processing unit (GPU), biometric scanners, field programmable gate array (FPGA), image sensors, memory and storage systems, microprocessors (incl. ASIC), and others.   

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COMPANIES COVERAGE

The global automotive artificial intelligence market is competitive with leading players accounting for larger market shares. Some of companies profiled in report include Alphabet Inc., Argo AI, Ather, Audi AG, BMW, CARVI, Daimler AG, Didi Chuxing, Ford Motor Company, General Motors Company, German Autolabs, Harman International Industries Inc., Honda Motor Co. Ltd., Hyundai Motor Corporation, IBM Corporation, iGloble, Intel Corporation, Micron Technology, Microsoft Corporation, Mitsubishi Electric, Motional, Nauto, Nvidia Corporation, Qualcomm Inc., Refraction AI, Rivigo, and SapientX.