In-vehicle AI Robot Market

Market Overview:

The global in-vehicle AI robot market size reached US$ 56.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 148.0 Million by 2028, exhibiting a growth rate (CAGR) of 17.5% during 2023-2028.

In-vehicle AI robot refers to an advanced technology that allows automobile to operate independently without any human intervention. It can perform necessary functions by sensing and responding to external conditions and surroundings through superior and in-built programs. In-vehicle AI robots widely consist of high-end sensor technology, complex algorithm processors, advanced driver assistance system (ADAS), smart control systems and actuators to gather information and execute tasks and responsive actions, such as braking, steering, and acceleration.

In-vehicle AI Robot Market Trends:

The rising penetration of AI technology in the automobile sector coupled with the increasing requirement for a safe and efficient mode of transportation is primarily bolstering the global in-vehicle AI robot market. Additionally, the emergence of self-driving or driverless vehicles that are integrated with advanced cameras and sensors, internet connectivity, automatic crash notifications, enhanced engine control, etc., is also propelling the market growth. In line with this, the escalating usage of in-vehicle AI robots to ensure the self-mobility of non-drivers and individuals with disabilities is creating a positive outlook for the global market. Furthermore, the inflating popularity of efficient Light Detection and Ranging (LiDAR) and Radio Detection and Ranging (RADAR) sensing solutions for extensive monitoring and generation of 3D maps of the surroundings is also catalyzing the growth of the market. Moreover, the introduction of several advanced technologies, such as adaptive algorithms, sensor processing, high-definition mapping, enhanced infrastructure, etc., is acting as a significant growth-inducing factor. Apart from this, numerous regulatory bodies are launching favorable policies to promote the adoption of in-vehicle AI robots for reducing the incidences of road accidents. This, in turn, is further stimulating the market growth. Additionally, continuous diversification in robot capabilities, driven by innovations in machine learning, artificial intelligence, adaptive computing, and vision systems, is anticipated to fuel the global in-vehicle AI robot market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global in-vehicle AI robot market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on autonomous level and vehicle category.

Breakup by Autonomous Level:

• Level 2 and 3
• Level 4 and 5
   

Breakup by Vehicle Category:

• Passenger Cars
  • Compact and Mid-Sized
  • Premium and Luxury
  • SUVs
• Commercial Vehicles
  • LCVs
  • HCVs
  • Buses and Coaches
     

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 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 Coverage: