New Analysis from Global Industry Analysts Reveals Steady Growth for Automotive Artificial Intelligence, with the Market to Reach $12.9 Billion Worldwide by 2026

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Jun 27, 2022, 06:15 ET

SAN FRANCISCO, June 27, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Automotive Artificial Intelligence - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
What's New for 2022?

New Analysis from Global Industry Analysts Reveals Steady Growth for Automotive Artificial Intelligence, with the Market to Reach $12.9 Billion Worldwide by 2026

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Edition: 4; Released: January 2022
Executive Pool: 666
Companies: 42 - Players covered include AImotive; Alphabet Inc.; Audi AG; Bayerische Motoren 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 Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Automotive Artificial Intelligence Market to Reach $12.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Automotive Artificial Intelligence estimated at US$2 Billion, is projected 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 projected to record a 37.1% CAGR and reach US$11.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 33.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $866.1 Million in 2021, While China is Forecast to Reach $2.2 Billion by 2026
The Automotive Artificial Intelligence market in the U.S. is estimated at US$866.1 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2026 trailing a CAGR of 34.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 32.4% and 30.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 25.2% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.