The global automotive AI industry is expected to reach $34.3 billion by 2030

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DUBLIN, Feb. 1, 2023 (GLOBE NEWSWIRE) — The “Automotive Artificial Intelligence Market by Component, Technology and Application: Global Opportunity Analysis and Industry Forecast 2020-2030” report has been added to’s supply.

The global automotive artificial intelligence (AI) market is estimated to be worth over USD 2.57 billion by 2021 and is expected to flourish at a CAGR of 29.2% to be worth over USD 34.3 billion in the forecast year 2022-2030.

Fully autonomous and semi-autonomous vehicles use artificial intelligence to perform complex tasks such as face recognition, threat detection, image processing, vehicle localization and mapping. Machine learning techniques enable vehicles to understand data, mimic human thinking and solve problems.

Artificial intelligence and other technologies such as advanced driver assistance systems (ADAS), adaptive cruise control (ACC) and electronic brake distribution (EBD) improve the driving experience and ensure the safety of drivers and passengers.

The growing popularity of autonomous vehicles across the globe due to their safety and comfort, coupled with the shift to alternative fuels is driving the growth of the automotive artificial intelligence market. In addition, AI reduces the need for drivers in self-driving cars, thereby eliminating driver salaries and greatly reducing operating costs.

These advantages along with investments by key market players are expected to further accelerate the growth of the automotive artificial intelligence market. Furthermore, the demand for premium vehicles equipped with advanced systems and software is expected to increase in the near future, thereby creating opportunities for market players.However, rising cybercriminal activities coupled with rising consumer privacy concerns are expected to restrain the market growth

main advantage

  • The Automotive Artificial Intelligence Market report provides quantitative analysis of the current market and estimates till 2022-2030, which helps in identifying current market opportunities to capitalize on

  • The study includes an in-depth analysis of the Automotive Artificial Intelligence market trends, both current and future trends, to portray the prevalent investment pockets in the market

  • The report provides information related to the key drivers, restraints, and opportunities and their impact on the Automotive Artificial Intelligence market.

  • Market Shares of Global Automotive Artificial Intelligence Market Players and Their Competitive Analysis.

  • Value chain analysis in market research provides a clear picture of stakeholder roles

market segmentation

in technology

in the component

  • hardware

  • processor

  • memory

  • network

  • software

  • Serve

by application

  • semi-autonomous

  • fully autonomous

in geography

  • North America

  • us

  • Canada

  • Mexico

  • Europe

  • U.K.

  • Germany

  • Russia

  • France

  • Rest of Europe

  • Asia-Pacific

  • China

  • Japan

  • South Korea

  • India

  • Rest of Asia Pacific

  • Row

  • Latin America

  • middle East

  • Africa

market dynamics


  • Growing demand for enhanced user experience and convenience features

  • The Continuing Trend of Autonomous Vehicles

  • Increased government regulation of vehicle safety and increased adoption of autonomous driving by Original Equipment Manufacturers (Oems)



Some of the companies mentioned in this report include

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