The global market for automotive AI is estimated to rise profoundly, reaching USD 19.09 billion by 2032, a CAGR of 10.55% during the forecast period from 2023 to 2032. Such growth is due to increased demand for autonomous vehicles, rigorous driving safety regulations, and consumer preference for advanced driver assistance systems (ADAS). AI will reshape both the production process and the drive experience: it will be safer, more intuitive, and convenient to drive for automotive customers.
Source: Telematics Wire, Globe Newswire