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Artificial Intelligence (AI) in Automotive Market Share

Report ID: GMI3199
Published Date: Dec 2022
Report Format: PDF

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Artificial Intelligence in Automotive Market Share

Top companies operating in the artificial intelligence in automotive market are:

IBM Corporation
BMW AG
Honda Motors
Volvo Car Corporation
Ford Motor Company
NVIDIA Corporation
Tencent
Microsoft
AUDI AG
Intel Corporation
Tesla Inc
Uber Technologies Inc
Intel Corporation

For instance, in November 2022, the technology company, Google, and leading automobile manufacturer, Renault, extended their partnership to develop and implement the "Software Defined Vezzhicle" (SDV) architecture and expedite the firm's digitalization which consists of cloud software for digital twin and in-vehicle software for SDV platform.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The artificial intelligence in automotive industry crossed USD 6 billion in 2022 and is estimated to expand at over 55% growth rate through 2032 owing to the growing adoption of autonomous vehicles globally.

The software segment is foreseen to be valued at around USD 200 billion by 2032 fueled by the proliferating demand for superior in-vehicle infotainment systems.

The Asia Pacific market is projected to grow at over 55% CAGR from 2023 to 2032 driven by the strong growth of the automotive sector across China and India.

Major players operating in the industry are IBM Corporation, BMW AG, Honda Motors, Volvo Car Corporation, Ford Motor Company, NVIDIA Corporation, Tencent, Microsoft, AUDI AG, Intel Corporation, Tesla Inc, Uber Technologies, Inc, Intel Corporation, and many others.