Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Automotive Artificial Intelligence Market Size to Grow USD 3607.5 Million by 2029 at a CAGR of 3.6% | Valuates Reports

This image opens in the lightbox

News provided by

Valuates Reports

09 May, 2023, 14:30 GMT

Share this article

Share toX

Share this article

Share toX

BANGALORE, India, May 9, 2023 /PRNewswire/ -- The Global Automotive Artificial Intelligence Market is Segmented by Type (Automatic Drive, ADAS), by Application (Passenger Cars, Commercial Vehicles), by Level of Autonomy (Level 1, Level 2, Level 3, Level 4): Global Opportunity Analysis and Industry Forecast, 2022-2029. It is published in Valuates Reports under the Science Category.

The global Automotive Artificial Intelligence market was valued at USD 2916 Million in 2022 and is anticipated to reach USD 3607.5 Million by 2029, witnessing a CAGR of 3.6% during the forecast period 2023-2029.

Major Factors Driving the Growth of Automotive Artificial Intelligence Market:

The use of AI in the automotive sector heralds a new age by enabling businesses to monitor operations, boost digital results, and produce autonomous and semi-autonomous cars. The growing need for autonomous vehicles, the use of AI in traffic management, cutting-edge automotive technologies, and government efforts are the main drivers of the worldwide automotive AI market.

Download Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-25Y12041/Global_Automotive_Artificial_Intelligence

TRENDS INFLUENCING THE GROWTH OF AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET:

The frequency of traffic accidents may be decreased and road safety can be increased with the support of growing government programs for car and road safety, automotive technology, telematics, and artificial intelligence. For instance, gathering information on the number of cars on the road and the state of the roads. A mobile network and quick data transmission methods may also be available for real-time weather information and notifications. The Automotive Artificial Intelligence market is eventually accelerated by government efforts to reduce accidents and other similar endeavors.

The temperature, mirrors, and pulse rate may all be changed automatically when one of the car's frequent users sits in the driver's seat thanks to AI software in cars. While eye openness and head position enable the program to detect sleepiness and awaken the driver, even during an accident, AI software can assess the upper body position and deploy the airbags accordingly. Gesture recognition has evolved into a valuable tool for controlling infotainment while driving. This factor is expected to drive the growth of the Automotive Artificial Intelligence market.

AI can help drivers make better-navigating judgments by analyzing various road conditions. Modern AI-powered navigation systems, for instance, can suggest better routes based on data about nearby road closures, collisions, traffic jams, construction sites, and road conditions.

Modern AI automakers often utilize digital twins in their production plants to speed up the design process by testing the implications of various design decisions on the performance of the car. Engineers and designers may discover how their thoughts translate into vehicle performance by providing machine learning algorithms with historical and sensor data. Additionally, this technology aids in lowering the cost of prototyping-related testing. This factor is expected to drive the growth of the Automotive Artificial Intelligence market.

Following collisions, drivers can use the cameras on their smartphones to take pictures of their damaged cars, which AI and computer vision-based systems can use to analyze the damage. This expedites the review process and increases its objectivity. While some industry participants rely on third-party personal assistants like Alexa and Siri, some auto manufacturers have chosen to create their own cutting-edge voice-recognition software. These assistants have the ability to make calls, switch radio stations, inform the driver how much petrol is left in the tank, and adjust the temperature. These tools are also highly personalized, which is important since they might remember drivers' preferences and make modifications based on the circumstance and prior user behavior. This factor is expected to drive the growth of the Automotive Artificial Intelligence market.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-25Y12041/global-automotive-artificial-intelligence

AUTOMOTIVE ARTIFICIAL INTELLIGENCE MARKET SHARE

NVIDIA, Uber Technologies, Alphabet (Google), and other major international producers of automotive artificial intelligence (AI) are examples. The Top 3 businesses own a share of more than 40%.

The largest market is North America, with a market share of around 36%, followed by Europe and China, with respective market shares of about 35% and 26%.

Download Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-25Y12041/Global_Automotive_Artificial_Intelligence

Key Companies:

  • NVIDIA Corporation (US)
  • Alphabet Inc. (US)
  • Intel Corporation (US)
  • IBM Corporation (US)
  • Microsoft Corporation (US)
  • Harman International Industries Inc. (US)
  • Tesla.

Buy Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-25Y12041/Global_Automotive_Artificial_Intelligence 

Buy Now for Single User + Covid-19 Impact : 

https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-25Y12041&lic=single-user 

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS:

-  Automotive Driver Monitoring System (DMS) market size is estimated to be worth USD 2520.2 Million in 2022 and is forecast to a readjusted size of USD 4203.4 Million by 2028 with a CAGR of 8.9% during the review period.

-  ADAS market size is estimated to be worth USD 29740 million in 2022 and is projected to reach USD 57760 million by 2028 with a CAGR of 11.7% during the forecast period.

-  Insurance Telematics market size is projected to reach USD 3556 Million by 2027, from USD 1574.2 Million in 2020, at a CAGR of 11.9% during 2021-2027.

-  The global automotive telematics market size was valued at USD 50.4 Billion in 2018, and is projected to reach USD 320.6 Billion by 2026, registering a CAGR of 26.8% from 2019 to 2026.

-  The global artificial intelligence market size was valued at D65.48 billion in 2020, and is projected to reach D1,581.70 billion by 2030, growing at a CAGR of 38.0% from 2021 to 2030.

-  AI Infrastructure market size is estimated to be worth USD 22.6 Billion in 2021 with a CAGR of 24.6% & will reach 105.4 Billion USD by 2028 during the review period.

-  The global artificial intelligence chip market was valued at USD 11.2 billion in 2021 and is projected to reach USD 263.6 billion by 2031, growing at a CAGR of 37.1% from 2022 to 2031.

-  Automated Guided Vehicle market size is estimated to be worth USD 4674.6 million in 2022 and is forecast to a readjusted size of USD 13890 million by 2028 with a CAGR of 19.9% during the review period.

-  Automotive Driver Monitoring System (DMS) market size is estimated to be worth USD 2520.2 Million in 2022 and is forecast to a readjusted size of USD 4203.4 Million by 2028 with a CAGR of 8.9% during the review period.

-  AI Diagnostics Market

-  Artificial Intelligence (AI) in Security Market

-  Automotive Artificial Intelligence Software Market

-  Automotive Artificial Intelligence Hardware Market

-  Artificial Intelligence in Manufacturing and Supply Chain market size is projected to reach USD 7671.9 million by 2028, from USD 826 million in 2021, at a CAGR of 36.9% during 2022-2028.

-  The global conversational AI market size was valued at USD 5.78 billion in 2020 and is projected to reach USD 32.62 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 20.0% from 2021 to 2030.

-  The global AI Image Generator market is projected to reach USD 534 million by 2028 from an estimated USD 215 million in 2021, at a CAGR of 16.4% during 2023 and 2028.

-  Artificial Intelligence (AI) Accelerator Market

-  Artificial Intelligence for Automotive Applications Market

-  Artificial Intelligence for Automotive and Transportation Market

-  AI Car Damage Assessment System Market

-  Electrical Digital Twin market was valued at USD 4664.3 million in 2022 and is anticipated to reach USD 13510 million by 2029, witnessing a CAGR of 19.4% during the forecast period 2023-2029.

Click here to see related reports on Automotive Artificial Intelligence Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports 
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
LinkedIn - https://in.linkedin.com/company/valuatesreports
https://reports.valuates.com/sitemap/html/reports/836 
https://reports.valuates.com/sitemap/html/reports/837 
https://reports.valuates.com/sitemap/html/reports/838 

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg 

Modal title

Also from this source

Direct Air Capture Device Market Growing at 76.8% CAGR | Surging Demand in Energy, Food & Greenhouse Applications | Valuates Reports

Direct Air Capture Device Market Growing at 76.8% CAGR | Surging Demand in Energy, Food & Greenhouse Applications | Valuates Reports

Direct Air Capture Device Market is Segmented by Type (Liquid Adsorption, Solid Adsorption), by Application (Food and Beverage, Greenhouse, Energy,...

Quantum Sensors Market to Hit USD 839 Million by 2031 | Key Growth in Defense, Healthcare & IT - Valuates Reports

Quantum Sensors Market to Hit USD 839 Million by 2031 | Key Growth in Defense, Healthcare & IT - Valuates Reports

Quantum Sensors Market is Segmented by Type (Atomic Clock, Gravity Sensor, Magnetic Sensor, Rotation Sensors, Imaging Sensors, Temperature Sensors),...

More Releases From This Source

Explore

Automotive

Automotive

Transportation, Trucking & Railroad

Transportation, Trucking & Railroad

Artificial Intelligence

Artificial Intelligence

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.