Year | Value |
---|---|
2022 | USD 2.6 Billion |
2030 | USD 9.6 Billion |
CAGR (2024-2030) | 27.2 % |
Note – Market size depicts the revenue generated over the financial year
Artificial intelligence in the automobile has been growing rapidly, and the market is expected to reach $9.6 billion by the year 2030. This astonishing growth is a result of a compound annual growth rate of 27.2% between 2024 and 2030, which means that the automobile industry is on a steady upward trajectory. There are many reasons for this growth, such as the rising demand for ADAS, the rise of self-driving cars, and the integration of artificial intelligence into the manufacturing process. These innovations are not only increasing the safety and efficiency of vehicles, but they are also transforming the way people drive. The leading companies in the automobile industry, such as Tesla, Waymo, and Nvidia, are driving the market with strategic moves such as forming new partnerships and launching new products. And, as a result, we see that the safety and performance of the automobile is improving. For example, Tesla is continuously improving its autopilot, and as a result, the performance and safety of the automobile are improving. Also, the collaboration between automobile manufacturers and IT companies is leading to the development of more AI-driven solutions, and this will also drive the market. The evolution of the automobile industry will be a result of the integration of AI.
Regional Market Size
The Artificial Intelligence in the Automobile Industry market is expected to grow at a significant rate in the coming years, owing to the increasing demand for driverless cars, the increasing integration of artificial intelligence in the automobile industry and the increasing demand for the development of the automobile industry. The characteristics of each region are influenced by local laws, economic conditions and consumer tastes. North America leads the way in terms of innovation and investment, Europe focuses on regulatory frameworks and safety, and Asia-Pacific is a fast-growing market for the integration of artificial intelligence and the automobile industry. Middle East and Africa are emerging markets with great potential for development, and Latin America is gradually embracing the integration of artificial intelligence and the automobile industry.
“By 2025, it is estimated that over 75% of new vehicles sold in North America will feature some form of AI technology, ranging from advanced driver-assistance systems to fully autonomous capabilities.” — McKinsey & Company
Artificial intelligence in the car is experiencing rapid growth, driven by advancements in the development of self-driving cars and the improvement of the in-car experience. In addition, the growing demand for smart features and safety enhancements is supported by regulatory and industry pressures to raise the level of vehicle safety. Artificial intelligence is also being used to improve the performance and energy management of electric vehicles. At present, the market is in the stage of initial implementation, with Waymo and Tesla leading the way in the development of self-driving cars. North America and Europe are ahead of the rest of the world in the implementation of various use cases, such as for driver assistance, safety and entertainment. A notable trend is the accelerated adoption of artificial intelligence in electric vehicles, driven by government initiatives to reduce emissions and to encourage sustainable development. Machine learning, computer vision and natural language processing are the key enabling technologies for this growth.
The Automotive Artificial Intelligence Market is expected to grow significantly from 2022 to 2030, from $2.6 billion to $9.5 billion, at a CAGR of 27.2%. The main reason for this is the increasing use of AI in various automotive applications, such as self-driving, predictive maintenance, and in-vehicle experience. The report estimates that by 2030, the percentage of vehicles equipped with AI will exceed 30%, which will significantly change the current auto industry. Machine learning and deep learning, along with the development of vision and natural language processing, will greatly improve the safety and efficiency of vehicles, and thus promote the popularity of vehicles. The emergence of electric vehicles and the promotion of self-driving vehicles by the government will also drive the growth of the market. The emergence of the trend of connected vehicles and the increasing demand for personalized driving experience will also play a decisive role in the future development of the market. The report also points out that in the future, it will be necessary for the auto industry and the IT industry to cooperate closely to meet the requirements of the market and meet the needs of consumers.
Covered Aspects:Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 2.6 Billion |
Growth Rate | 27.2% (2022-2030) |
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)