According to the latest report by IMARC Group, titled “In-vehicle AI Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global in-vehicle AI robot market size reached US$ 56.3 Million in 2022. In-vehicle AI robots are artificially intelligent robotic devices that allow automobiles to run independently without human intervention. These robots are typically small, compact devices that can be mounted or installed within the vehicle. They use high-end sensors, machine learning (ML) algorithms, natural language processing (NLP) technologies, advanced driver assistance systems (ADAS), and smart control systems and actuators to perform a range of tasks and responsive actions, such as braking, steering, and acceleration. In-vehicle AI robots can also perform specialized functions, such as monitoring driver behavior and providing real-time safety alerts or personalized entertainment options based on passenger preferences. These products help enhance the driving and passenger experience, providing greater convenience, safety, and entertainment options.
Global In-vehicle AI Robot Market Trends:
The growing demand for automated and autonomous vehicles equipped with advanced sensors, cameras, and navigation systems that enable vehicles to navigate without any human intervention is primarily driving the global in-vehicle AI robot market growth. Besides this, the increasing adoption of connected and electric vehicles (EVs) and the escalating demand for personalized user experience and advanced safety features in automobiles is creating a positive outlook for the market. In addition to this, the implementation of favorable government policies promoting the adoption of in-vehicle AI robots to reduce incidences of road accidents and the expanding product utilization to enable self-mobility among non-drivers and individuals with disabilities are aiding in market expansion. Moreover, innovative technological advancements, such as the integration of adaptive algorithms, sensor processing, high-definition mapping, and enhanced infrastructure, are contributing to the market growth. Concurrent with this, the introduction of efficient sensing solutions, such as Light Detection and Ranging (LiDAR) and Radio Detection and Ranging (RADAR) for extensive monitoring and generation of 3D maps of surroundings, is presenting remunerative growth opportunities for the market. Furthermore, ongoing innovations in machine learning (ML), artificial intelligence (AI), adaptive computing, and vision systems is diversifying robot capabilities, which, in turn, is impelling the market growth. Looking forward, the market value is projected to reach US$ 148.0 Million by 2028, expanding at a CAGR of 17.5% during 2023-2028.
Market Summary:
- On the basis of the autonomous level, the market has been divided into level 2 and 3, and level 4 and 5. At present, level 2 and 3 holds the largest market share.
- Based on the vehicle category, the market is bifurcated into passenger cars (compact and mid-sized, premium and luxury, and SUVs) and commercial vehicles (LCVs, HCVs, and buses and coaches). Among these, passenger cars dominate the market.
- On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. Currently, North America is leading the market.
- The competitive landscape of the market has also been examined, with some of the key players being AutoX Inc., MG Motor India Pvt. Ltd. (SAIC Motor Corp. Ltd.), Motional Inc., Nauto Inc., Predii Inc., Refraction AI Inc., Waymo LLC (Alphabet Inc.) and Zoox Inc. (Amazon.com Inc).
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2022 |
Historical Period |
2017-2022 |
Forecast Period |
2023-2028 |
Units |
US$ Million |
Segment Coverage |
Autonomous Level, Vehicle Category, 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 |
AutoX Inc., MG Motor India Pvt. Ltd. (SAIC Motor Corp. Ltd.), Motional Inc., Nauto Inc., Predii Inc., Refraction AI Inc., Waymo LLC (Alphabet Inc.) and Zoox Inc. (Amazon.com Inc) |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
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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) |
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