PUBLISHER: TechNavio | PRODUCT CODE: 1788472
PUBLISHER: TechNavio | PRODUCT CODE: 1788472
The AI in automotive market is forecasted to grow by USD 1,1971 mn during 2024-2029, accelerating at a CAGR of 29% during the forecast period. The report on the AI in automotive market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative for enhanced safety and relentless pursuit of autonomous driving, rising consumer demand for intelligent in-cabin experiences and vehicle personalization, and compelling economic and operational efficiency gains in commercial vehicles.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 24.8% |
CAGR | 29% |
Incremental Value | $11,971 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's AI in automotive market is segmented as below:
By Component
By Technology
By Application
By Vehicle Type
By Geographical Landscape
This study identifies the shift to centralized compute and software-defined vehicle architectures as one of the prime reasons driving the AI in automotive market growth during the next few years. Also, integration of generative AI for a revolutionized in-cabin experience and rise of end-to-end AI and vision-first autonomous driving architectures will lead to sizable demand in the market.
The report on the AI in automotive market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading AI in automotive market vendors that include Aptiv Plc, Aurora Innovation Inc., Baidu Inc., BYD Co. Ltd., Continental AG, Hyundai Motor Co., Intel Corp., International Business Machines Corp., Microsoft Corp., NVIDIA Corp., Qualcomm Inc., Renault SAS, Robert Bosch GmbH, Tesla Inc., Toyota Motor Corp., Valeo SA, Waymo LLC, XPeng Inc., and Zoox. Also, the AI in automotive market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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