Artificial Intelligence In Automotive Market Analysis

Offering (Hardware, Software, Service)

As per the offerings, the hardware segment is estimated to capture the highest share of 76.6% by the end of 2037 in the automotive artificial intelligence market. The transition of vehicles toward automation has raised the need for more powerful processors and GPUs. In March 2024, Nvidia Corporation launched its new Blackwell GPU. It can accelerate the computing power of a generative AI to deliver real-time data in vehicles. These are now accepted by reputed technology service providers including Microsoft, OpenAI, and Tesla. Developed sensor technologies including LiDAR, camera, and RADAR are propelling the demand for high-performance hardware. Developed sensor technologies including LiDAR, camera, and RADAR are propelling the demand for high-performance hardware.

Technology (Computer Vision, Context Awareness, Deep Learning, Machine Learning, Natural Language Processing)

Based on technology, the machine learning segment is dominating the automotive artificial intelligence market. The growth in this segment is driven by its advanced computing power and increased adoption of ADAS. Swelling safety concerns in consumers while driving are demanding liable data processing in automotive artificial intelligence. The learning capability of AI form the real-world efficiently serves the purpose through their effective sensory processors. Usage of recent developments such as AI chips in decision-making algorithms has enhanced its capabilities. The ability to streamline operations in the supply chain is driving manufacturers to adopt AI solutions. Further, solidifying the dominance of machine learning.

Our in-depth analysis of the automotive artificial intelligence market includes the following segments:

Offering	Hardware Software Service
Technology	Computer Vision Context Awareness Deep Learning Machine Learning Natural Language Processing
Application	Autonomous Driving Human–Machine Interface Semi-autonomous Driving
Process	Signal Recognition Image Recognition Voice Recognition Data Mining
Component	Graphics processing unit (GPU) Field Programmable Gate Array (FPGA) Microprocessors (Incl. ASIC) Image Sensors Memory and Storage systems Biometric Scanners Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the automotive artificial intelligence market was over USD 4.1 billion.

The market size for the automotive artificial intelligence market is projected to reach USD 80.8 billion by the end of 2037 expanding at a CAGR of 28.2% during the forecast period i.e., between 2025-2037.

The major players in the market are Intel Corporation, Waymo, LLC., IBM Corporation, Microsoft Corporation, Nvidia Corporation, Xilinx, Inc., Micron Technology, Inc., Tesla, Inc., General Motors Company, Ford Motor Company, and others.

In terms of offerings, the hardware segment is anticipated to garner the largest market share of 76.6% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in North America is projected to hold the largest market share of 39.0% by the end of 2037 and provide more business opportunities in the future.

Artificial Intelligence In Automotive Market Analysis