Automotive AI Market Size to Worth USD 19.09 Billion by 2032 [Yahoo! Finance]
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Source: Yahoo! Finance
Ottawa, April 25, 2024 (GLOBE NEWSWIRE) -- The global automotive AI market size accounted for USD 6.32 billion in 2023 and is predicted to hit around USD 17.67 billion by 2031, according to a study published by Towards Automotive a sister firm of Precedence Research. The increasing demand for autonomous vehicles worldwide is bolstering the commercial vehicle market, with autonomous vehicles projected to comprise 12% to 17% of all vehicle sales by 2030. Stringent regulations on driving safety are driving OEMs globally to invest significantly in driver assistance systems (ADAS), computer vision, and connected vehicles to enhance vehicle safety and compliance. Growing customer preference for luxury vehicles equipped with advanced driver assistance and automatic driving systems, such as automatic parking and emergency braking, is contributing to market growth. Download a short version of this report @ https://www.towardsautomotive.com/insight-sample/1261 Ride-sharing and electrific
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