India Applied Ai In Autonomous Vehicles Market
India Applied AI in Autonomous Vehicles Market Research Report By Component (Hardware, Software, Services), By Technology (Machine Learning, Natural Language Processing, Computer Vision, Context-Aware Computing, Others), By Type (Semi-autonomous Vehicles, Fully-autonomous Vehicles) and By Vehicle Type (Passenger Vehicle, Commercial Vehicle)-Forecast to 2035
Industry Developments
Recent developments in the India Applied AI in Autonomous Vehicles Market show increasing engagement from major players such as Microsoft, Nvidia, Ola Electric, and Toyota. In September 2023, Ola Electric announced advancements in its electric two-wheeler technology, emphasizing the integration of AI for safety and efficiency. Mahindra and Mahindra revealed plans to launch their innovative electric SUV equipped with AI-driven features in November 2023, focusing on sustainable transportation.
Furthermore, Tata Consultancy Services has heightened its efforts in AI-driven automotive solutions, collaborating with Bosch to enhance smart manufacturing capabilities in the vehicle production sector. Notably, in October 2023, Infosys expanded its AI services to support logistics and supply chain management in the autonomous vehicle realm, particularly for automotive clients.
There was also a significant merger announcement in August 2023, where Bharat Forge acquired a stake in a technology startup specializing in AI for autonomous driving, enhancing its competitive edge in the automotive domain. Overall, the market exhibits robust growth, driven by technological advancements and strategic alignments among key industry players, establishing India as a forward-looking market in applied AI for autonomous vehicles.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 113.09(USD Million) |
| MARKET SIZE 2024 | 143.2(USD Million) |
| MARKET SIZE 2035 | 2181.5(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 28.094% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Microsoft, Nvidia, Ola Electric, Toyota, Wipro, Zebra Medical Vision, Bosch, Mahindra & Mahindra, Infosys, Bharat Forge, Tata Consultancy Services, Tech Mahindra, Google, Ather Energy, Siemens |
| SEGMENTS COVERED | Component, Technology, Type, Vehicle Type |
| KEY MARKET OPPORTUNITIES | Growing demand for smart transportation, Government support and funding initiatives, Advancements in AI and machine learning, Rising focus on safety regulations, Expanding electric vehicle market integration |
| KEY MARKET DYNAMICS | Technological advancements, Regulatory framework, Consumer acceptance, Infrastructure development, Investment opportunities |
| COUNTRIES COVERED | India |
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