Automotive Artificial Intelligence Market 2021 Size, Growth Analysis Report, Forecast to 2027

Automotive Artificial Intelligence Market was valued at USD 2082.38 Million in 2020 and is projected to reach USD 17402.00 Million by 2027, growing at a CAGR of 38.68% from 2021 to 2027.

Artificial intelligence (AI) is one of the most advanced technologies in computer science. It relates to human intelligence through similar characteristics such as language understanding, reasoning, learning, problem-solving, etc. Manufacturers in the market witness tremendous fundamental intellectual challenges in developing and modifying technology. Also, the growth of the automotive industry is expected to drive the automotive artificial intelligence market. The automotive industry has experienced the potential of artificial intelligence and is one of the major industries using AI to augment and mimic human behavior. Additionally, the emergence of standards such as Advanced Driver Assistance Systems (ADAS), Adaptive Cruise Control (ACC), Blind Spot Alerts, and the growing demand for convenience features are drawing automotive suppliers into AI.

Market Segments

By Technology:

• Deep Learning
• Machine Learning
• Context Awareness
• Computer Vision
• Natural Language Processing

By Process:

• Signal Recognition
• Image Recognition
• Data Mining

By Application:

• Human–Machine Interface
• Semi-autonomous Driving
• Autonomous Driving

Key Players

NVIDIA Corporation, Waymo, Intel Corporation, IBM Corporation, Microsoft Corporation, Micron Technology, Otto Motors, BMW, Tesla Inc., and Toyota are some of the key players operating in the global automotive artificial intelligence market.

Scope of the Report

The research study analyzes the global Automotive Artificial Intelligence (AI) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Artificial Intelligence (AI) Market Report

1. What was the Automotive Artificial Intelligence (AI) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of the Automotive Artificial Intelligence (AI) Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Artificial Intelligence (AI) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.