The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the artificial intelligence in automotive market in recent years?
The growing need for autonomous vehicles is expected to propel the growth of artificial intelligence in the automotive market going forward. An autonomous vehicle is a vehicle capable of operating itself and performing necessary functions without any human intervention through its ability to sense its surroundings. AI in automotive is being used to develop autonomous driving systems that can sense and interpret the environment, make decisions, and control the vehicle without human intervention. For instance, in December 2022, according to the National Highway Traffic Safety Administration, a US-based government agency, there will be 3.5 million self-driving vehicles on U.S. roads by 2025 and 4.5 million by 2030. Therefore, the growing need for autonomous vehicles is driving the growth of artificial intelligence in the automotive market.
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What is the projected market size of the artificial intelligence in automotive industry, and how is it expected to grow?
The artificial intelligence in automotive market size has grown exponentially in recent years. It will grow from $10.88 billion in 2024 to $17.56 billion in 2025 at a compound annual growth rate (CAGR) of 61.5%. The growth in the historic period can be attributed to rising demand for enhanced user experience and convenience features, increasing awareness around these vehicles, growing adoption of ai in automotive supply chain, growth in demand for autonomous vehicle, increase in the use of manufacturing a car.
The artificial intelligence in automotive market size is expected to see exponential growth in the next few years. It will grow to $98 billion in 2029 at a compound annual growth rate (CAGR) of 53.7%. The growth in the forecast period can be attributed to autonomous driving development, increasing demand for connected cars, rising focus on vehicle safety, demand for in-car personalization, growing emphasis on energy efficiency, rapid advancements in computer vision. Major trends in the forecast period include autonomous driving advancements, personalized user experiences, predictive maintenance, enhanced vehicle connectivity, natural language processing (nlp) integration.
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Who are the key players driving competition in the artificial intelligence in automotive market?
Major companies operating in the artificial intelligence in automotive market report are Alphabet Inc., Toyota Motor Corporation, Microsoft Corporation, Ford Motor Company, General Motors Company, Bayerische Motoren Werke AG, Honda Motor Co. Ltd., Tencent Holdings Ltd., Tesla Inc., Intel Corporation, The International Business Machines Corporation (IBM), Audi AG, Volvo Cars, AB Volvo, Qualcomm Technologies Inc., The Mercedes-Benz Group AG, Mitsubishi Electric, Uber Technologies Inc., Micron Technology Inc., NVIDIA Corporation, Harman International Industries Inc., Waymo LLC, Xilinx Inc., Argo AI, Cognata ltd
What key trends are expected to drive the artificial intelligence for it operations platform market during the forecast period?
Major companies in the automotive AI market are focusing on developing advanced solutions such as AI-based digital products to enhance vehicle safety, improve driver experience, and enable autonomous driving features.AI-based digital products refer to software solutions that use artificial intelligence to deliver smart features, automation, and personalized experiences within digital platforms or devices. For instance, in February 2024, Volkswagen Group, a Germany-based automotive manufacturer company, launched an in-house AI lab to create and incubate AI-powered digital products, including vehicle infotainment and navigation applications. The main goal is to enhance Volkswagen’s product offerings by integrating AI technologies that provide added value, such as improved vehicle infotainment, navigation systems, predictive maintenance, and voice recognition. The lab also aims to develop a broader digital ecosystem that connects vehicles with external tech platforms.
Which key geographies are driving the growth of the artificial intelligence in automotive market?
North America was the largest region in the artificial intelligence in automotive market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in automotive market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the artificial intelligence in automotive market?
The artificial intelligence in automotive market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Process: Data Mining, Image Or Signal Recognition
3) By Technology: Computer Vision, Context Awareness, Deep Learning, Machine Learning, Natural Language Processing (NLP)
4) By Application: Semi-Autonomous vehicles, Fully-Autonomous Vehicles
Subsegments:
1) By Hardware: AI Chips And Processors, Sensors (Lidar, Radar, Cameras), Embedded Systems
2) By Software: Advanced Driver-Assistance Systems (ADAS), Autonomous Driving Software, Vehicle-To-Everything (V2X) Communication Software
3) By Services: Consulting And Integration Services, Maintenance And Support Services, Data Management And Analytics Services
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How is the artificial intelligence in automotive market defined, and what are its core characteristics?
Artificial Intelligence (AI) in the automotive refers to the integration and application of AI technologies to enhance various aspects of the automotive ecosystem. This includes developing and implementing AI-driven systems and solutions in vehicles, manufacturing processes, supply chain management, and customer service.
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