Artificial Intelligence (AI) in Automotive Market Recent Developments, and Forecast Till 2032

1
Artificial Intelligence (AI) in Automotive Market
to at over 55 CAGR from 2023 to 2032 Global
Market Insights, Inc.
2
Overview of Artificial Intelligence (AI) in
Automotive Market

• Global AI in Automotive Market is poised to
  witness significant growth through 2032,
  primarily due to the increasing integration of AI
  in car manufacturing. Car manufacturers are
  trying to employ AI-powered robots, which help
  streamline their manufacturing process and boost
  their production capabilities.
• Besides, the increased cognizance of the benefits
  of the CaaP (car as a platform) business model,
  including its ability to offer scalable and
  affordable service models and minimize overall
  capital investments, will further bolster market
  growth in the foreseeable future.
• In terms of the components, the market size from
  the services segment was valued at USD 1 billion
  in 2022 and is poised to expand at a noticeable
  growth rate through 2032. The demand for
  third-party service providers has gained
  significant momentum in recent years, which, in
  association with the lack of skilled
  professionals in the automotive industry will
  propel segment revenues during the analysis
  period.

3
Continue

• Based on technology, the computer vision segment
  amassed more than 15 market share in 2022 and is
  set to record a sizeable valuation by 2032. The
  consistent rise in demand for improving the
  navigation of autonomous vehicles is fueling the
  adoption of computer vision technology across the
  automotive sector.
• Similarly, the natural language processing
  segment is also slated to exhibit significant
  growth through 2032. NLP helps passengers
  interact with autonomous vehicles using voice
  commands for different applications, including
  route changing, virtual valet parking, and
  accessing in-vehicle infotainment systems. The
  ongoing increase in demand for improved
  in-vehicle experience will stimulate industry
  revenues between 2023 and 2032.
• In the context of the process, the AI in
  automotive market is likely to be defined by the
  image/signal recognition segment. The increasing
  demand for semi-autonomous automobiles that
  deploy computer vision systems to enhance the
  night vision mode is likely to foster market
  growth through the analysis timeframe.

4
Continue

• With respect to the application landscape, the
  market is likely to be characterized by the
  semi-autonomous vehicles segment. The growth of
  this segment is attributed to the current trend
  associated with the development of
  semi-autonomous vehicles from level 1 to level 3
  by major automotive solution providers such as
  Audi, Tesla, and Cadillac.
• From the regional context, the North America AI
  in automotive market will grow exponentially from
  2023 to 2032. The regional growth is attributed
  to the flourishing automotive manufacturing
  sector in countries such as Canada. Besides, the
  rapid adoption of AI technology across the
  automotive industry in the U.S. will also
  facilitate market growth.
• Notable participants in the Artificial
  Intelligence (AI) in Automotive market include
  BMW AG, IBM Corporation, Honda Motors, Volvo Car
  Corporation, AUDI AG, Ford Motor Company, Intel
  Corporation, NVIDIA Corporation, Tencent,
  Microsoft, Intel Corporation, Tesla Inc, Uber
  Technologies

5
Browse Full Research Report On Artificial
Intelligence (AI) in Automotive Market
_at_ https//bit.ly/3WxeVmy Request for a sample
of this research report _at_ https//bit.ly/3PZsIj7

6
Stay In Touch Website www.gminsights.com Social
Media