Automotive Artificial Intelligence Market worth $7.0 Billion USD by 2027, at CAGR of 24.1%

The global Automotive Artificial Intelligence market value is projected to be USD 7.0 Billion by 2027, growing from USD 2.3 Billion in 2022, at a Compound Annual Growth Rate (CAGR) of 24.1% during the forecast period. The report "Automotive Artificial Intelligence Market by Offering, Technology (Deep Learning, Machine Learning, Computer Vision, Context-aware Computing and Natural Language Processing), Process, Application, Component and Region - Global Forecast to 2027" The global Automotive Artificial Intelligence market size is projected to grow from USD 2.3 Billion in 2022 to USD 7.0 Billion by 2027; it is expected to grow at a CAGR of 24.1% from 2022 to 2027. The key factors contributing to the growth of the Automotive Artificial Intelligence market include the growing adoption of ADAS technology by OEMs, and the rising demand for enhanced user experience and convenience features are among the factors driving the growth of the Automotive Artificial Intelligence market. Software segment is expected to hold a larger share of automotive artificial intelligence market. The software holds a major share of the overall AI market in the automotive industry because of the various developments of AI software and related software development kits.