Learn about the global automotive artificial intelligence market through The Business Research Company, which provides information on automotive artificial intelligence market size, automotive artificial intelligence market drivers and restraints, automotive artificial intelligence market players, the COVID-19 impact on the automotive artificial intelligence market, and more.

The global automotive artificial intelligence market size s expected to grow from $1.42 billion in 2021 to $1.98 billion in 2022 at a compound annual growth rate (CAGR) of 39.62%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The automotive AI market is expected to reach $7.78 billion in 2026 at a CAGR of 40.79%.

The growing demand for autonomous vehicles is expected to propel the growth of the automotive artificial intelligence market.

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The automotive artificial intelligence market consists of sales of automotive artificial intelligence by entities (organizations, sole traders, and partnerships). It refers to solutions that can collect and process massive volumes of vehicle data, deliver actionable insights, and improve privacy and data security. Automotive artificial intelligence is at the heart of autonomous driving, allowing for real-time recognition of items in the vehicle’s environment, as well as improved maintenance and fleet management that are used in the production of self-driving automobiles. AI automotive solutions improve navigation systems, improve voice command understanding, and streamline regular activities, all of which lead to improved business processes and have the potential to improve user experience, accelerate innovation cycles, and optimise the overall manufacturing and maintenance workflow.

Global Automotive Artificial Intelligence Market Segments Include:

By Component: Hardware, Software, Service 

By Type: Automatic Drive, ADAS

By Process: Signal Recognition, Image Recognition, Data Mining

By Technology: Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing

By Application: Semi-Automatic, Human Machine Interface, Autonomous Driving

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the automotive artificial intelligence market in 2021.

Strategic collaborations between companies are a key trend gaining popularity in the automotive artificial intelligence market. Companies providing artificial automotive intelligence are undergoing partnerships and collaboration to develop new technologies and products.

TBRC’s automotive artificial intelligence market report covers:

Major Market Players: DiDi Chuxing Technology, Otto Motors, Waymo LLC, Microsoft Corporation, Intel Coroporation, NVIDIA Corporation, BMW AG, IBM Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc., Tesla Inc., Volvo Car Corporation, Micron Technology, Inc, Toyota, and Uber Technologies.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Automotive Artificial Intelligence Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive artificial intelligence market overviews, analyzes and forecasts market size, share, automotive artificial intelligence market players, automotive artificial intelligence market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive artificial intelligence market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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