Automotive Artificial Intelligence Market Size, Share & Analysis Research Report 2022

According to SPER Market Research, the Automotive Artificial Intelligence (AI) Market in the automobile industry ushers in a new era. The primary drivers of the global automotive AI market are the increasing demand for autonomous vehicles, the application of AI in traffic management, cutting-edge automotive technology, and government initiatives. However, the absence of infrastructure, expensive operational costs, and high procurement costs continue to remain roadblocks. Recently, the automobile sector has increased its use of AI.

The primary drivers of the global automotive AI market are the increasing demand for autonomous vehicles, the application of AI in traffic management, cutting-edge automotive technology, and government initiatives.

Automotive Artificial Intelligence (AI) Market Overview (2022-2032)

Forecast CAGR (2022-2032): 24.45%
Forecast Market Size (2032): 20.50 billion

The market for artificial intelligence in the automotive industry has drastically decreased over the previous two years in the COVID-19 era. According to the International Organization of Motor Vehicle Manufacturers, the COVID-19 conundrum, for instance, resulted in a 16% decrease in global vehicle manufacturing in 2020. However, the market will grow significantly in the future years.

Impact of COVID-19 on the Automotive Artificial Intelligence Market

Over the last two years in the COVID-19 era, the market for artificial intelligence in the automotive industry has seen a severe decline. The COVID-19 initiative has sped up the adoption of artificial intelligence in key sectors, particularly the car industry. Including post-production, manufacturing, supply chain, design, production, driver assistance, and risk assessment systems, AI is effectively used throughout the automotive value chain. Despite relatively modest sales volume during the first year of the epidemic, the market is progressively gaining traction, according to market participants. Automakers have been forced to reevaluate their short-term plan for redefining automation in light of the COVID-19 outbreak.The market will, nevertheless, expand dramatically in the upcoming years.

Request For Free Sample Report @ https://www.sperresearch.com/report-store/automotive-artificial-intelligence-market.aspx?sample=1

Automotive Artificial Intelligence Market Key Segments Covered

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.

By Component:

Hardware
Software

By Level of Autonomy:

Level 1
Level 2
Level 3
Level 4

By Technology:

Machine Learning
Natural Language Processing
Computer Vision
Others

By Vehicle Type:

Passenger Vehicles
Commercial Vehicles

By Process:

Single Recognition
Image Recognition
Data Mining

By Application:

Semi-Automatic
Human Machine Interface
Autonomous Driving

By Region:

North America
Europe
Asia-Pacific

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Automotive Artificial Intelligence Market Key Players:

The Automotive Artificial Intelligence Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Alphabet Inc., Audi AG, Bayerische Motoren Werke AG, Intel Corporation, International Business Machines, Microsoft Corporation, NVIDIA Corporation, Qualcomm Inc., Tesla Inc., Volvo Car Corporation

For More Information, refer to below link:-

Automotive Artificial Intelligence (AI) Market Future Outlook

Industrial Vehicles Market- By Application, By Vehicle Type, By Drive Type, By Aerial Work Platform, By Level of Autonomy- Regional Outlook, Competitive Strategies and Segment Forecasts to 2030

Follow Us –

LinkedIn | Instagram | Facebook | Twitter

Contact Us:

Sara Lopes, Business Consultant – U.S.A.

SPER Market Research

enquiries@sperresearch.com

+1-347-460-2899