SAN FRANCISCO† June 27, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Automotive Artificial Intelligence – Global Market Pathway & Analytics”† The report presents new perspectives on opportunities and challenges in a significantly transformed post-COVID-19 market.
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Market presence in multiple geographies – strong/active/niche/trivial
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Edition: 4; Issued: January 2022
Executive pool: 666
Businesses: 42 – The players include AImotive; Alphabet Inc.; Audi AG; Bavarian Motors Werke AG; Daimler AG; Didi Chuxing; drive.ai; Ford Motor Company; General Motors company; Harman International Industries, Inc. and others.
Coverage: All major geographies and key segments
Segments: Component (Software, Hardware); Technology (Deep Learning, Machine Learning, Context Awareness, Computer Vision, Natural Language Processing); Application (human-machine interface, semi-autonomous driving, autonomous driving)
Geographies: World; United States† Canada† Japan† China† Europe †France† Germany† Italy† United Kingdom† and the rest of Europe† Asia-Pacific† Rest of the world.
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Reaching Global Automotive Artificial Intelligence Market $12.9 billion by 2026
Amid the COVID-19 crisis, the global Automotive Artificial Intelligence market is estimated to be: 2 billion dollarsis expected to reach a revised size of US$12.9 billion by 2026, growing at a CAGR of 35.9% over the analysis period. Software, one of the segments analyzed in the report, is expected to achieve and achieve a CAGR of 37.1% US$11.8 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the economic crisis caused, growth in the hardware segment is adjusted to a revised CAGR of 33.6% for the next 7 years.
The US market is estimated at: $866.1 million in 2021, while China is expected to reach $2.2 billion by 2026
The Automotive Artificial Intelligence market in the US is estimated to be: US$866.1 million in 2021. Chinathe world’s second largest economy, is expected to have a projected market size of US$2.2 billion by the year 2026 at a CAGR of 34.7% over the analysis period. Among the other notable geographic markets are: Japan and Canada, each of which will grow by 32.4% and 30.8% respectively over the analysis period. Inside Europe† Germany is expected to grow at approximately 25.2% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher, the world’s only influencer-driven market research firm. GIA proudly serves over 42,000 customers from 36 countries and has been recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.