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Automotive Artificial Intelligence Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global automotive artificial intelligence market reached a value of US$ 2.12 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 13.53 Billion by 2027, exhibiting a CAGR of 33.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Artificial intelligence (AI) is one of the most progressive technologies of computer science concerned with building smart machines capable of performing tasks that are usually done by humans. It is associated with human intelligence through similar characteristics, such as reasoning, language understanding, problem-solving and learning. It is widely used in autonomous and semi-autonomous vehicles to analyze road conditions, predict malfunctions, control smart devices, provide driver assistance functions, schedule maintenance programs, and collect data on events, including accidents, speeding, and traffic violations. This, in turn, assists in enhancing workflow, user experience, privacy, and data security, enabling faster innovation cycles, and ensuring a safe driving experience. 

Automotive Artificial Intelligence Market Trends:

The increasing demand for autonomous vehicles across the globe is one of the key factors driving the growth of the market. Autonomous vehicles are widely adopted due to their features, such as self-driving, autopilot and automatic parking that minimize human effort during driving. In line with this, automotive AI aids in predicting the movements of objects in the vicinity of the vehicle, lane driving, self-parking, auto changing lanes, thus enhancing driver comfort and reducing accidents, which, in turn, is favoring the market growth. Moreover, various technological innovations, such as the driver monitoring system, that utilizes a driver-facing hi-tech camera on the dashboard to track drivers eye movements for alerting drivers from distraction and drowsiness to avoid fatal road accidents, are providing a thrust to the market growth. Additionally, the introduction of vehicle tracking software that is set to provide a live update of a vehicle on different locations efficiently and effectively is positively impacting the market growth. Other factors, including the increasing demand for premium vehicles and the implementation of various government initiatives to create awareness and promote road safety, are anticipated to drive the market growth further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive artificial intelligence market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, technology, process and application.

Breakup by Component:

  • Hardware
  • Software
  • Services
     

Breakup by Technology:

  • Machine Learning and Deep Learning
  • Computer Vision
  • Natural Language Processing
     

Breakup by Process:

  • Data Mining
  • Image Recognition
  • Signal Recognition
     

Breakup by Application:

  • Semi-Autonomous
  • Autonomous
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, Hyundai Motor Company, Intel Corporation, International Business Machines Corporation, Micron Technology Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Incorporated, Tesla Inc., Toyota Motor Corporation and Uber Technologies Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Technology, Process, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, Hyundai Motor Company, Intel Corporation, International Business Machines Corporation, Micron Technology Inc., Microsoft Corporation, NVIDIA Corporation, Qualcomm Incorporated, Tesla Inc., Toyota Motor Corporation and Uber Technologies Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global automotive artificial intelligence market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global automotive artificial intelligence market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the process?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global automotive artificial intelligence market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Automotive Artificial Intelligence Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Technology
    7.1    Machine Learning and Deep Learning
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Computer Vision
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Natural Language Processing
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Process
    8.1    Data Mining
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Image Recognition
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Signal Recognition
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Application
    9.1    Semi-Autonomous
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Autonomous
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Bayerische Motoren Werke AG
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Daimler AG
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Ford Motor Company
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Hyundai Motor Company
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
           15.3.4.4 SWOT Analysis
        15.3.5    Intel Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    International Business Machines Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    Micron Technology Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Microsoft Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    NVIDIA Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Qualcomm Incorporated
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Tesla Inc.
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Toyota Motor Corporation
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials
           15.3.12.4 SWOT Analysis
        15.3.13    Uber Technologies Inc.
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials
           15.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Automotive Artificial Intelligence Market: Major Drivers and Challenges
Figure 2: Global: Automotive Artificial Intelligence Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Automotive Artificial Intelligence Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Automotive Artificial Intelligence Market: Breakup by Component (in %), 2021
Figure 5: Global: Automotive Artificial Intelligence Market: Breakup by Technology (in %), 2021
Figure 6: Global: Automotive Artificial Intelligence Market: Breakup by Process (in %), 2021
Figure 7: Global: Automotive Artificial Intelligence Market: Breakup by Application (in %), 2021
Figure 8: Global: Automotive Artificial Intelligence Market: Breakup by Region (in %), 2021
Figure 9: Global: Automotive Artificial Intelligence (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Automotive Artificial Intelligence (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Automotive Artificial Intelligence (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Automotive Artificial Intelligence (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Automotive Artificial Intelligence (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Automotive Artificial Intelligence (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Automotive Artificial Intelligence (Machine Learning and Deep Learning) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Automotive Artificial Intelligence (Machine Learning and Deep Learning) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Automotive Artificial Intelligence (Computer Vision) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Automotive Artificial Intelligence (Computer Vision) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Automotive Artificial Intelligence (Natural Language Processing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Automotive Artificial Intelligence (Natural Language Processing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Automotive Artificial Intelligence (Data Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Automotive Artificial Intelligence (Data Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Automotive Artificial Intelligence (Image Recognition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Automotive Artificial Intelligence (Image Recognition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Automotive Artificial Intelligence (Signal Recognition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Automotive Artificial Intelligence (Signal Recognition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Automotive Artificial Intelligence (Semi-Autonomous) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Automotive Artificial Intelligence (Semi-Autonomous) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Automotive Artificial Intelligence (Autonomous) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Automotive Artificial Intelligence (Autonomous) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Automotive Artificial Intelligence Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Automotive Artificial Intelligence Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Automotive Artificial Intelligence Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Automotive Artificial Intelligence Industry: SWOT Analysis
Figure 81: Global: Automotive Artificial Intelligence Industry: Value Chain Analysis
Figure 82: Global: Automotive Artificial Intelligence Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Automotive Artificial Intelligence Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Automotive Artificial Intelligence Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Automotive Artificial Intelligence Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 4: Global: Automotive Artificial Intelligence Market Forecast: Breakup by Process (in Million US$), 2022-2027
Table 5: Global: Automotive Artificial Intelligence Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Automotive Artificial Intelligence Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Automotive Artificial Intelligence Market: Competitive Structure
Table 8: Global: Automotive Artificial Intelligence Market: Key Players


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