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Automotive Artificial Intelligence Market
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Automotive Artificial Intelligence Market

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Automotive Artificial Intelligence Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018–2028, Segmented By Component (Hardware, Software, and Services); By Technology (Machine Learning, Computer Vision, Natural Language Processing , and Context-Aware Computing); By Process (Signal Recognition, Image Recognition, Voice Recognition, and Data Mining); and By Region (Asia-Pacific, North America, South America, Europe, and the Middle East & Africa)

  • Published Date: September 2022
  • Report ID: BWC22374
  • Available Format: PDF
  • Page: 146

Report Overview

Global automotive artificial intelligence market is expected to expand at a robust growth rate due to an increasing uptake of cutting-edge automobile solutions by various OEMs, including the advanced driver assistance system (ADAS), adaptive cruise control (ACC), and blind sport warning.

Global Automotive Artificial Intelligence Market - Industry Trends and Market Forecast

Artificial intelligence (AI) is a state-of-the-art advancement in computer science. In terms of language understanding, thinking, learning, and problem-solving, AI is equivalent to human intelligence. During the period in analysis, market producers will confront significant intellectual obstacles in the creation and modification of technology. Additionally, the automotive industry's growth is expected to fuel the growth of automotive artificial intelligence market, which has realized the promise of AI and is one of the primary sectors that use AI to supplement and replicate human action. Automotive Artificial Intelligence Market is expected to witness growth at a robust rate during the forecast period due to the rising demand for self-driving automobiles and consumers' inclination for improved user experiences and convenience features. Also, an increase in the demand for luxury automobiles is anticipated to offer the market lucrative growth potential in the coming years. On the other hand, the market expansion is anticipated to be constrained during the forecast period due to the threat posed by hackers and the rise in cybercrimes.

Global Automotive Artificial Intelligence Market - Overview

A new corporate standard is evolving in the current digital environment as AI is used more widespread. AI is ushering in a new era within the automotive sector, allowing businesses to better monitor their operations, supplement business plans, enhance in-car customer experience, develop autonomous and semi-autonomous vehicles, and provide a better outcome in the virtual environment. AI in the automotive sector is being driven by the thriving auto industry. The market for AI is forecast to be impacted positively by internet of things (IoT), cloud-hosted intelligence, and autonomous driving assistance systems. Industry-wide standards such as navigation systems, sophisticated automated driving, and blind-spot alarms would also further fuel market expansion in light of the leading auto firms' significant investments in AI for automobiles. OEMs in the automotive artificial intelligence sector have an opportunity to profit from customers' shifting tastes toward comfort and ease.

Growth Drivers

Rising Demand for Autonomous Vehicles

Due to their numerous features, which reduce human effort when driving, such as automatic parking, self-driving, autopilot, and others, autonomous vehicles are gaining popularity across the globe. Additionally, autonomous vehicles have the support of some of the biggest, most technologically advanced businesses, including Tesla, NVidia, and Intel, so the likelihood of failure is quite low. For instance, one of the most sophisticated systems on the market for automotive artificial intelligence is Tesla's autopilot system, which includes capabilities like maintaining the car in its lane while driving, automatically changing lanes when necessary, self-parking, and others. Additionally, it is projected that the use of autonomous cars will considerably reduce the need for human intervention and will be crucial in sectors that lack sufficient manpower for transportation. Hence, these factors are expected to boost the growth of automotive AI market.

Global Automotive Artificial Intelligence Market - Increasing Demand

By enabling companies to keep an eye on their operations, support business strategies, enhance in-auto stoner experience, develop independent and semi-autonomous vehicles, and give a better result in the digital world, the use of automotive artificial intelligence is steering in a new period. The main factors driving the growth of the global automotive artificial intelligence request are the rising demand for independent vehicles, the use of advanced automotive results, and the expanding use of artificial intelligence for business operations, government enterprises, and investments in connected and independent vehicles.

Restraints

Privacy and Security Concerns

Autonomous vehicles have made consumers' lives safer and more accessible. Data security, cyberattacks, and motorist distraction are just a many of the issues that manufacturers must address in terms of security and sequestration. For instance, 1.4 million Fiat Chrysler vehicles were recalled in the US as a result of a bug in the dashboard computers that allowed hackers to take control of the auto. In an analogous tone, white chapeau hackers were successful in fitting malware into a Tesla auto's system. These cases of customer sequestration irruption are among the main factors could limit the growth of global automotive AI market.

Global Automotive Artificial Intelligence Market - By Elements

Based on the types of components used, the market is divided into three segments: hardware, software, and services. Additionally, hardware is divided into sections for processors, memories, and networks.

Global Automotive Artificial Intelligence Market - By Process

The market can be divided into signal recognition, image recognition, and data mining based on process. Because autonomous and semi-autonomous vehicles produce and handle vast amounts of data, the data mining segment is predicted to dominate the market during the forecast period.

Global Automotive Artificial Intelligence Market - By Technology

According to technology, global automotive artificial intelligence market can be classified into three groups: computer vision, natural language processing, and context aware processing. Due to its application in autonomous vehicles for signal detection, image recognition, driver monitoring, among other functions, the computer vision segment is also expected to expand rapidly during the period in analysis.

Global Automotive Artificial Intelligence Market - By Application

Depending on the application, global automotive artificial intelligence market is categorized into semi-autonomous and autonomous segments. The market's effects on North America, Europe, Asia Pacific, Latin America, and Middle East and Africa are evaluated. As the demand for better customer experiences grows, the human-machine interaction market segment is expected to dominate the market by application.

Global Automotive Artificial Intelligence Market - By Region

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa are major the geographic regions covered in the automotive artificial intelligence market report. Due to an increasing demand for high-end vehicles and the growing adoption rate of AI and AI-based services and solutions, particularly among the autonomous and semi-autonomous vehicles in the region, Asia Pacific is predicted to experience growth at the highest rate in the global automotive artificial intelligence market.

Impact of COVID-19 on Global Automotive Artificial Intelligence Market

The commercial environment has changed as a result of the COVID-19 pandemic. The ecosystem of the market has seen a direction change in how the supply side of the market is accessed. The COVID-19 pandemic in the market for AI in automobiles has had a significant impact on major global economies, including the United States, India, China, and the United Kingdom, and has caused significant recession in these countries. Because of the numerous job losses and ongoing salary cuts that have squeezed their wallets, consumers are being urged to prioritize what is essential. As a result, the automotive industry has suffered greatly.

Competitive Landscape

The automotive market for AI is fragmented. Market leaders and rising firms with specialized products dominate the broader competitive ecosystem, even while the major corporations continue to lead innovation and, in most cases, adopt digital reforms. BlueWeave Consulting’s recent study on AI in Automotive Market examines significant market trends and the strategies used by leading market players while presenting profiles of some of them. NVIDIA Corporation, Alphabet Inc., Intel Corporation, IBM Corporation, Microsoft Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc., Micron Technology, Otto Motors, BMW AG, Tesla Inc., and Volvo Car Corporation are the leading companies active in the automotive artificial intelligence market.

 

Recent Developments

  • In May 2021, Didi Chuxing and Volvo Cars formed a partnership to create autonomous vehicles for DiDi's test fleet. DiDi Gemini, a new hardware platform for self-driving cars that incorporates NVIDIA DRIVE AGX Pegasus, will be used in the first Volvo Cars XC90 vehicles that are capable of autonomous driving. These vehicles, which are outfitted with DiDi's Gemini self-driving hardware platform, will eventually be used by robo taxi services.

 

Scope of the Report

Attributes Details
Years considered Historical data – 2018
Base Year – 2020
Estimated Year – 2022 
Forecast – 2022–2028
Facts covered  Revenues in USD Million
Market Coverage Asia Pacific, North America, South America, Europe, Middle East and Africa
Product Service/Segmentation By Component; By Technology; By Process; By Region
Key players NVIDIA Corporation, Alphabet Inc., Intel Corporation, IBM Corporation, Microsoft Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc., Micron Technology, Otto Motors, BMW AG, Tesla Inc., Volvo Car Corporation.

 

By Component

  • Hardware
  • Software
  • Services

 By Technology

  • Machine Learning
  • Computer Vision
  • Natural Language Processing
  • Context-Aware Computing

By Process

  • Signal Recognition
  • Image Recognition
  • Voice Recognition
  • Data Mining

 By Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East and Africa
  1. Research Framework
    1. Research Objective
    2. Technology Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents
    5. Assumption & Limitation
  3. Executive Summary
  4. Global Automotive Artificial Intelligence Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Advancement/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Global Automotive Artificial Intelligence Market Overview
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Component
        1. Hardware
        2. Software
        3. Services
      2. By  Technology
        1. Machine Learning
        2. Computer vision
        3. Natural Language Processing
        4. Context-Aware Computing
      3. By Application
        1. Semi-Autonomous Driving
        2. Human Machine Interface
      4. By Process
        1. Signal Recognition
        2. Image Recognition
        3. Voice Recognition
        4. Data Mining
      5. By Region
        1. North America
        2. Europe
        3. Asia Pacific
        4. Latin America
        5. Middle East and Africa
  6. North America Automotive Artificial Intelligence Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Component
      2. By Technology
      3. By Application
      4. By Process
      5. By Country
        1. United Component
        2. Canada
  7. Europe Automotive Artificial Intelligence Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Component
      2. By Technology
      3. By Application
      4. By Process
      5. By Country
        1. Germany
        2. United Kingdom
        3. Italy
        4. France
        5. Spain
        6. The Netherlands
        7. Rest of Europe
  8. Asia Pacific Automotive Artificial Intelligence Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Component
      2. By Technology
      3. By Application
      4. By Process
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of Asia-Pacific
  9. Latin America Automotive Artificial Intelligence Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Component
      2. By Technology
      3. By Application
      4. By Process
      5. By Country
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  10. Middle East & Africa Automotive Artificial Intelligence Market
    1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Component
      2. By Technology
      3. By Application
      4. By Process
      5. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Qatar
        5. Kuwait
        6. Nigeria
        7. Rest of Middle East & Africa
  11. Competitive Landscape
    1. List of Key Players and Their offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
  12. Impact of Covid-19 on Global Automotive Artificial Intelligence Market
  13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. NVIDIA Corporation
    2. Alphabet Inc
    3. Intel Corporation
    4. IBM Corporation
    5. Microsoft Corporation
    6. Xilinx Inc
    7. Tesla Inc
    8. BMW AG
    9. Qualcomm Inc
    10. Otto Motors
    11. Micron Technology
    12. Volvo Car Corporation
  14. Key Strategic Recommendations

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1: Global Automotive Artificial Intelligence Market Segmentation

Figure 2: Global Automotive Artificial Intelligence Market Industry Value Chain Analysis

Figure 3: Global Automotive Artificial Intelligence Market Size, By Value (USD Million), 2018–2028

Figure 4: Global Automotive Artificial Intelligence Market Share (%), By Component, By Value, 2018–2028

Figure 5: Global Automotive Artificial Intelligence Market Share (%), By Technology, By Value, 2018–2028

Figure 6: Global Automotive Artificial Intelligence Market Share (%), By Application, By Value, 2018–2028

Figure 7: Global Automotive Artificial Intelligence Market Share (%), By Process, By Value, 2018–2028

Figure 8: Global Automotive Artificial Intelligence Market Share (%), By Country, By Value, 2018–2028

Figure 9: North America Automotive Artificial Intelligence Market Size, By Value (USD Million), 2018–2028

Figure 10: North America Automotive Artificial Intelligence Market Share (%), By Component, By Value, 2018–2028

Figure 11: North America Automotive Artificial Intelligence Market Share (%), By Technology, By Value, 2018–2028

Figure 12: North America Automotive Artificial Intelligence Market Share (%), By Application, By Value, 2018–2028

Figure 13: North America Automotive Artificial Intelligence Market Share (%), By Process, By Value, 2018–2028

Figure 14: North America Automotive Artificial Intelligence Market Share (%), By Country, By Value, 2018–2028    

Figure 15: Europe Automotive Artificial Intelligence Market Size, By Value (USD Million), 2018–2028

Figure 16: Europe Automotive Artificial Intelligence Market Share (%), By Component, By Value, 2018–2028

Figure 17: Europe Automotive Artificial Intelligence Market Share (%), By Technology, By Value, 2018–2028

Figure 18: Europe Automotive Artificial Intelligence Market Share (%), By Application, By Value, 2018–2028

Figure 19: Europe Automotive Artificial Intelligence Market Share (%), By Process, By Value, 2018–2028

Figure 20: Europe Automotive Artificial Intelligence Market Share (%), By Country, By Value, 2018–2028

Figure 21: Asia-Pacific Automotive Artificial Intelligence Market Size, By Value (USD Million), 2018–2028

Figure 22: Asia-Pacific Automotive Artificial Intelligence Market Share (%), By Component, By Value, 2018–2028

Figure 23: Asia-Pacific Automotive Artificial Intelligence Market Share (%), By Technology, By Value, 2018–2028

Figure 24: Asia-Pacific Automotive Artificial Intelligence Market Share (%), By Application, By Value, 2018–2028 

Figure 25: Asia-Pacific Automotive Artificial Intelligence Market Share (%), By Process, By Value, 2018–2028 

Figure 26: Asia-Pacific Automotive Artificial Intelligence Market Share (%), By Country, By Value, 2018–2028

Figure 27: Latin America Automotive Artificial Intelligence Market Size, By Value (USD Million), 2018–2028

Figure 28: Latin America Automotive Artificial Intelligence Market Share (%), By Component, By Value, 2018–2028

Figure 29: Latin America Automotive Artificial Intelligence Market Share (%), By Technology, By Value, 2018–2028

Figure 30: Latin America Automotive Artificial Intelligence Market Share (%), By Application, By Value, 2018–2028

Figure 31: Latin America Automotive Artificial Intelligence Market Share (%), By Process, By Value, 2018–2028

Figure 32: Latin America Automotive Artificial Intelligence Market Share (%), By Country, By Value, 2018–2028

Figure 33: Middle East & Africa Automotive Artificial Intelligence Market Size, By Value (USD Million), 2018–2028

Figure 34: Middle East & Africa Automotive Artificial Intelligence Market Share (%), By Component, By Value, 2018–2028

Figure 35: Middle East & Africa Automotive Artificial Intelligence Market Share (%), By Technology, By Value, 2018–2028

Figure 36: Middle East & Africa Automotive Artificial Intelligence Market Share (%), By Application, By Value, 2018–2028

Figure 37: Middle East & Africa Automotive Artificial Intelligence Market Share (%), By Process, By Value, 2018–2028

Figure 38: Middle East & Africa Automotive Artificial Intelligence Market Share (%), By Country, By Value, 2018–2028

Figure 39: Global Automotive Artificial Intelligence Market Share Analysis, 2021

 

List of Tables

 

Table 1: Global Automotive Artificial Intelligence Market Size, By Component, By Value (USD Million), 2018–2028

Table 2: Global Automotive Artificial Intelligence Market Size, By Technology, By Value (USD Million), 2018–2028

Table 3: Global Automotive Artificial Intelligence Market Size, By Application, By Value (USD Million), 2018–2028

Table 4: Global Automotive Artificial Intelligence Market Size, By Process, By Value (USD Million), 2018–2028

Table 5: Global Automotive Artificial Intelligence Market Size. By Country, By Value (USD Million), 2018–2028

Table 6: North America Automotive Artificial Intelligence Market Size, By Component, By Value (USD Million), 2018–2028

Table 7: North America Automotive Artificial Intelligence Market Size, By Technology, By Value (USD Million), 2018–2028

Table 8: North America Automotive Artificial Intelligence Market Size, By Application, By Value (USD Million), 2018–2028

Table 9: North America Automotive Artificial Intelligence Market Size, By Process, By Value (USD Million), 2018–2028

Table 10: North America Automotive Artificial Intelligence Market Size (USD Million), By Country, By Value 2018–2028 

Table 11: Europe Automotive Artificial Intelligence Market Size, By Component, By Value (USD Million), By Value 2018–2028

Table 12: Europe Automotive Artificial Intelligence Market Size, By Technology, By Value (USD Million), By Value 2018–2028

Table 13: Europe Automotive Artificial Intelligence Market Size, By Application, By Value (USD Million), By Value 2018–2028

Table 14: Europe Automotive Artificial Intelligence Market Size, By Process, By Value (USD Million), By Value 2018–2028

Table 15: 40 Europe Automotive Artificial Intelligence Market Size (USD Million), By Country, By Value 2018–2028

Table 16: Asia-Pacific Automotive Artificial Intelligence Market Size, By Component, By Value (USD Million), By Value 2018–2028

Table 17: Asia-Pacific Automotive Artificial Intelligence Market Size (USD Million), By Component, By Value 2018–2028

Table 18: Asia-Pacific Automotive Artificial Intelligence Market Size (USD Million), By Technology, By Value 2018–2028

Table 19: Asia-Pacific Automotive Artificial Intelligence Market Size (USD Million), By Application, By Value 2018–2028

Table 20: Asia-Pacific Automotive Artificial Intelligence Market Size (USD Million), By Process, By Value 2018–2028

Table 21: Asia-Pacific Automotive Artificial Intelligence Market Size (USD Million), By Country, By Value 2018–2028

Table 22: Latin America Automotive Artificial Intelligence Market Size, By Component, By Value (USD Million), By Value 2018–2028

Table 23: Latin America Automotive Artificial Intelligence Market Size, By Technology, By Value (USD Million), 2018–2028

Table 24: Latin America Automotive Artificial Intelligence Market Size, By Application, By Value (USD Million), 2018–2028

Table 25: Latin America Automotive Artificial Intelligence Market Size, By Process, By Value (USD Million), 2018–2028

Table 26: Latin America Automotive Artificial Intelligence Market Size (USD Million), By Country, By Value 2018–2028  

Table 27: Middle East & Africa Automotive Artificial Intelligence Market Size, By Component, By Value (USD Million), 2018–2028

Table 28: Middle East & Africa Automotive Artificial Intelligence Market Size, By Technology, By Value (USD Million), 2018–2028

Table 29: Middle East & Africa Automotive Artificial Intelligence Market Size, By Application, By Value (USD Million), 2018–2028

Table 30: Middle East & Africa Automotive Artificial Intelligence Market Size, By Process, By Value (USD Million), 2018–2028

Table 31: Middle East & Africa Automotive Artificial Intelligence Market Size (USD Million), By Country, By Value 2018–2028 

Table 32:  List of Key Players and Their offerings

Table 33:  Competitive Benchmarking, by Operating Parameters

Table 34        NVIDIA Corporation Company Overview

Table 35        NVIDIA Corporation Financial Overview

Table 36        Alphabet Inc Company Overview

Table 37        Alphabet Inc Financial Overview

Table 38        Intel Corporation Company Overview

Table 39        Intel Corporation Financial Overview

Table 40        IBM Corporation Company Overview

Table 41        IBM Corporation Financial Overview

Table 42        Microsoft Corporation Company Overview

Table 43        Microsoft Corporation Financial Overview

Table 44        Xilinx Inc Company Overview

Table 45        Xilinx Inc Financial Overview

Table 46        Tesla Inc Company Overview

Table 47        Tesla Inc Financial Overview

Table 48        BMW AG Company Overview

Table 49        BMW AG Financial Overview

Table 50        Qualcomm Inc Company Overview

Table 51        Qualcomm Inc Financial Overview

Table 52        Otto Motors Company Overview

Table 53        Otto Motors Financial Overview

Table 54        Micron Technology Company Overview

Table 55        Micron Technology Financial Overview

Table 56        Volvo Car Corporation Company Overview

Table 57        Volvo Car Corporation Financial Overview

 

Market Segmentation

By Component

  • Hardware
  • Software
  • Services

 By Technology

  • Machine Learning
  • Computer Vision
  • Natural Language Processing
  • Context-Aware Computing

By Process

  • Signal Recognition
  • Image Recognition
  • Voice Recognition
  • Data Mining

 By Region

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East and Africa
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Frequently Asked Questions (FAQs):

Ans: North America held the largest market share in the Global Automotive Artificial Intelligence Market.
Ans: Machine learning market dominated the Global Automotive Artificial Intelligence Market.
Ans: Global Automotive Artificial Intelligence Market size reached USD 1.27 billion in 2021.
Ans: Rising demand for autonomous vehicles, the use of advanced automotive solutions, the expanding use of artificial intelligence for traffic management, government initiatives, and investments in connected and autonomous vehicles are the main factors boosting the Global Automotive Artificial Intelligence Market.
Ans: The key players in the Global Automotive Artificial Intelligence Market are NVIDIA Corporation, Alphabet Inc., Intel Corporation, IBM Corporation, Microsoft Corporation, Harman International Industries Inc., Xilinx Inc., Qualcomm Inc., Micron Technology, Otto Motors, BMW AG, Tesla Inc., and Volvo Car Corporation.