Automotive Artificial Intelligence Market Size, Overview, Growth, Demand And Forecast To 2024-2031

The Artificial intelligence market was valued at 3.85 Billion in 2022 and expected to grow at CAGR of 25.1% over forecast period.

The advancement of self-driving vehicles is a significant driver of AI in the automotive industry. Machine learning and computer vision, for example, are critical in enabling self-driving cars to detect their environment, make judgments, and travel safely. ADAS technologies driven by AI, such as lane-keeping assistance, adaptive cruise control, and automated emergency braking, are increasingly being implemented into modern automobiles to increase safety and help drivers on the road.

The automotive AI market is expected to expand further as the automotive sector embraces AI technology to address safety, efficiency, and sustainability concerns while providing consumers with new and improved driving experiences. AI research, computing power, and sensor technology advancements will propel the usage and integration of AI in automotive applications even further.