The Latin America, Middle East and Africa Automotive Artificial Intelligence Market would witness market growth of 28.9% CAGR during the forecast period (2022-2028).
With the deployment of AI technology, self-driving cars are being developed at a quicker rate. It is one of AI's greatest benefits for the automobile sector. In addition to gathering data from image recognition systems, self-driving cars may operate independently through the use of neural networks and machine learning. Consequently, the contribution of artificial intelligence to the development of driverless cars is astounding.
AI for the automotive business is not restricted to autonomous car production and other driver assistance functions; rather, the application of AI in the automotive industry for obtaining the data of connected vehicles is on the rise in most markets. Connected or autonomous vehicles require an increasing amount of data to perform their jobs autonomously. The utilization of AI cloud services is beneficial here. It provides the accessibility of data for self-driving vehicles.
AI Cloud is an ideal platform for implementing and executing AI technologies in the automobile sector. In addition, the combination of AI with IoT sensors and the cloud provides outstanding benefits. In the automobile business, AI systems analyze hundreds of sensor data and identify operational difficulties. In automotive production, artificial intelligence warns the driver of component failure and makes travel safer and more convenient. Therefore, artificial intelligence in automobiles facilitates the prediction of component failure prior to its occurrence.
With big infrastructure and housing developments planned, this industry would continue to expand. While sales of light commercial vehicles should remain on the rise because of more business and investments resulting from greater migration from neighbouring countries, sales of heavy commercial vehicles would then continue to be bolstered by substantial infrastructure as well as other construction projects. In addition to increased tourist and hospitality activities in the UAE and rising demand from construction workers, the need for bus and minibus would continue to climb.
The Brazil market dominated the LAMEA Automotive Artificial Intelligence Market by Country in 2021; thereby, achieving a market value of $157.8 million by 2028. The Argentina market would exhibit a CAGR of 29.6% during (2022 - 2028). Additionally, The UAE market is experiencing a CAGR of 28.6% during (2022 - 2028).
Based on Application, the market is segmented into Human–Machine Interface, Driver Monitoring, Autonomous & Semi-autonomous Driving, Identity Authentication, and Autonomous Driving Processor Chips. Based on Process, the market is segmented into Signal Recognition, Image Recognition, and Data Mining. Based on Technology, the market is segmented into Deep Learning, Machine Learning & Computer Vision, Natural Language Processing, and Context- aware Computing. Based on Offering, the market is segmented into Software and Hardware. Based on Component, the market is segmented into Graphics Processing Unit (GPU), Microprocessors (Including ASIC), Field Programmable Gate Array (FPGA), Memory & Storage Systems, Image Sensors, Biometric Scanners, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Automotive Artificial Intelligence Market is Predict to reach $7.5 Billion by 2028, at a CAGR of 21.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, IBM Corporation, Google LLC (Alphabet, Inc.), Intel Corporation, Qualcomm Inc., Nvidia Corporation, Harman International Industries, Inc. (Samsung Electronics Co., Ltd.), Hyundai Motor Company, Mitsubishi Electric Corporation and Tesla, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Human–Machine Interface
- Driver Monitoring
- Autonomous & Semi-autonomous Driving
- Identity Authentication
- Autonomous Driving Processor Chips
By Process
- Signal Recognition
- Image Recognition
- Data Mining
By Technology
- Deep Learning
- Machine Learning & Computer Vision
- Natural Language Processing
- Context- aware Computing
By Offering
By Component
- Graphics Processing Unit (GPU)
- Microprocessors (Including ASIC)
- Field Programmable Gate Array (FPGA)
- Memory & Storage Systems
- Image Sensors
- Biometric Scanners
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Microsoft Corporation
- IBM Corporation
- Google LLC (Alphabet, Inc.)
- Intel Corporation
- Qualcomm Inc.
- Nvidia Corporation
- Harman International Industries, Inc. (Samsung Electronics Co., Ltd.)
- Hyundai Motor Company
- Mitsubishi Electric Corporation
- Tesla, Inc.
TABLE 1 LAMEA Automotive Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Automotive Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automotive Artificial Intelligence Market
TABLE 4 Product Launches And Product Expansions– Automotive Artificial Intelligence Market
TABLE 5 Acquisition and Mergers– Automotive Artificial Intelligence Market
TABLE 6 LAMEA Automotive Artificial Intelligence Market by Application, 2018 - 2021, USD Million
TABLE 7 LAMEA Automotive Artificial Intelligence Market by Application, 2022 - 2028, USD Million
TABLE 8 LAMEA Human–Machine Interface Market by Country, 2018 - 2021, USD Million
TABLE 9 LAMEA Human–Machine Interface Market by Country, 2022 - 2028, USD Million
TABLE 10 LAMEA Driver Monitoring Market by Country, 2018 - 2021, USD Million
TABLE 11 LAMEA Driver Monitoring Market by Country, 2022 - 2028, USD Million
TABLE 12 LAMEA Autonomous & Semi-autonomous Driving Market by Country, 2018 - 2021, USD Million
TABLE 13 LAMEA Autonomous & Semi-autonomous Driving Market by Country, 2022 - 2028, USD Million
TABLE 14 LAMEA Identity Authentication Market by Country, 2018 - 2021, USD Million
TABLE 15 LAMEA Identity Authentication Market by Country, 2022 - 2028, USD Million
TABLE 16 LAMEA Autonomous Driving Processor Chips Market by Country, 2018 - 2021, USD Million
TABLE 17 LAMEA Autonomous Driving Processor Chips Market by Country, 2022 - 2028, USD Million
TABLE 18 LAMEA Automotive Artificial Intelligence Market by Process, 2018 - 2021, USD Million
TABLE 19 LAMEA Automotive Artificial Intelligence Market by Process, 2022 - 2028, USD Million
TABLE 20 LAMEA Signal Recognition Market by Country, 2018 - 2021, USD Million
TABLE 21 LAMEA Signal Recognition Market by Country, 2022 - 2028, USD Million
TABLE 22 LAMEA Image Recognition Market by Country, 2018 - 2021, USD Million
TABLE 23 LAMEA Image Recognition Market by Country, 2022 - 2028, USD Million
TABLE 24 LAMEA Data Mining Market by Country, 2018 - 2021, USD Million
TABLE 25 LAMEA Data Mining Market by Country, 2022 - 2028, USD Million
TABLE 26 LAMEA Automotive Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 27 LAMEA Automotive Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 28 LAMEA Deep Learning Market by Country, 2018 - 2021, USD Million
TABLE 29 LAMEA Deep Learning Market by Country, 2022 - 2028, USD Million
TABLE 30 LAMEA Machine Learning & Computer Vision Market by Country, 2018 - 2021, USD Million
TABLE 31 LAMEA Machine Learning & Computer Vision Market by Country, 2022 - 2028, USD Million
TABLE 32 LAMEA Natural Language Processing Market by Country, 2018 - 2021, USD Million
TABLE 33 LAMEA Natural Language Processing Market by Country, 2022 - 2028, USD Million
TABLE 34 LAMEA Context- aware Computing Market by Country, 2018 - 2021, USD Million
TABLE 35 LAMEA Context- aware Computing Market by Country, 2022 - 2028, USD Million
TABLE 36 LAMEA Automotive Artificial Intelligence Market by Offering, 2018 - 2021, USD Million
TABLE 37 LAMEA Automotive Artificial Intelligence Market by Offering, 2022 - 2028, USD Million
TABLE 38 LAMEA Software Market by Country, 2018 - 2021, USD Million
TABLE 39 LAMEA Software Market by Country, 2022 - 2028, USD Million
TABLE 40 LAMEA Hardware Market by Country, 2018 - 2021, USD Million
TABLE 41 LAMEA Hardware Market by Country, 2022 - 2028, USD Million
TABLE 42 LAMEA Automotive Artificial Intelligence Market by Component, 2018 - 2021, USD Million
TABLE 43 LAMEA Automotive Artificial Intelligence Market by Component, 2022 - 2028, USD Million
TABLE 44 LAMEA Graphics Processing Unit (GPU) Market by Country, 2018 - 2021, USD Million
TABLE 45 LAMEA Graphics Processing Unit (GPU) Market by Country, 2022 - 2028, USD Million
TABLE 46 LAMEA Microprocessors (Including ASIC) Market by Country, 2018 - 2021, USD Million
TABLE 47 LAMEA Microprocessors (Including ASIC) Market by Country, 2022 - 2028, USD Million
TABLE 48 LAMEA Field Programmable Gate Array (FPGA) Market by Country, 2018 - 2021, USD Million
TABLE 49 LAMEA Field Programmable Gate Array (FPGA) Market by Country, 2022 - 2028, USD Million
TABLE 50 LAMEA Memory & Storage Systems Market by Country, 2018 - 2021, USD Million
TABLE 51 LAMEA Memory & Storage Systems Market by Country, 2022 - 2028, USD Million
TABLE 52 LAMEA Image Sensors Market by Country, 2018 - 2021, USD Million
TABLE 53 LAMEA Image Sensors Market by Country, 2022 - 2028, USD Million
TABLE 54 LAMEA Biometric Scanners Market by Country, 2018 - 2021, USD Million
TABLE 55 LAMEA Biometric Scanners Market by Country, 2022 - 2028, USD Million
TABLE 56 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 57 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 58 LAMEA Automotive Artificial Intelligence Market by Country, 2018 - 2021, USD Million
TABLE 59 LAMEA Automotive Artificial Intelligence Market by Country, 2022 - 2028, USD Million
TABLE 60 Brazil Automotive Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 61 Brazil Automotive Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 62 Brazil Automotive Artificial Intelligence Market by Application, 2018 - 2021, USD Million
TABLE 63 Brazil Automotive Artificial Intelligence Market by Application, 2022 - 2028, USD Million
TABLE 64 Brazil Automotive Artificial Intelligence Market by Process, 2018 - 2021, USD Million
TABLE 65 Brazil Automotive Artificial Intelligence Market by Process, 2022 - 2028, USD Million
TABLE 66 Brazil Automotive Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 67 Brazil Automotive Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 68 Brazil Automotive Artificial Intelligence Market by Offering, 2018 - 2021, USD Million
TABLE 69 Brazil Automotive Artificial Intelligence Market by Offering, 2022 - 2028, USD Million
TABLE 70 Brazil Automotive Artificial Intelligence Market by Component, 2018 - 2021, USD Million
TABLE 71 Brazil Automotive Artificial Intelligence Market by Component, 2022 - 2028, USD Million
TABLE 72 Argentina Automotive Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 73 Argentina Automotive Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 74 Argentina Automotive Artificial Intelligence Market by Application, 2018 - 2021, USD Million
TABLE 75 Argentina Automotive Artificial Intelligence Market by Application, 2022 - 2028, USD Million
TABLE 76 Argentina Automotive Artificial Intelligence Market by Process, 2018 - 2021, USD Million
TABLE 77 Argentina Automotive Artificial Intelligence Market by Process, 2022 - 2028, USD Million
TABLE 78 Argentina Automotive Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 79 Argentina Automotive Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 80 Argentina Automotive Artificial Intelligence Market by Offering, 2018 - 2021, USD Million
TABLE 81 Argentina Automotive Artificial Intelligence Market by Offering, 2022 - 2028, USD Million
TABLE 82 Argentina Automotive Artificial Intelligence Market by Component, 2018 - 2021, USD Million
TABLE 83 Argentina Automotive Artificial Intelligence Market by Component, 2022 - 2028, USD Million
TABLE 84 UAE Automotive Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 85 UAE Automotive Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 86 UAE Automotive Artificial Intelligence Market by Application, 2018 - 2021, USD Million
TABLE 87 UAE Automotive Artificial Intelligence Market by Application, 2022 - 2028, USD Million
TABLE 88 UAE Automotive Artificial Intelligence Market by Process, 2018 - 2021, USD Million
TABLE 89 UAE Automotive Artificial Intelligence Market by Process, 2022 - 2028, USD Million
TABLE 90 UAE Automotive Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 91 UAE Automotive Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 92 UAE Automotive Artificial Intelligence Market by Offering, 2018 - 2021, USD Million
TABLE 93 UAE Automotive Artificial Intelligence Market by Offering, 2022 - 2028, USD Million
TABLE 94 UAE Automotive Artificial Intelligence Market by Component, 2018 - 2021, USD Million
TABLE 95 UAE Automotive Artificial Intelligence Market by Component, 2022 - 2028, USD Million
TABLE 96 Saudi Arabia Automotive Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 97 Saudi Arabia Automotive Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 98 Saudi Arabia Automotive Artificial Intelligence Market by Application, 2018 - 2021, USD Million
TABLE 99 Saudi Arabia Automotive Artificial Intelligence Market by Application, 2022 - 2028, USD Million
TABLE 100 Saudi Arabia Automotive Artificial Intelligence Market by Process, 2018 - 2021, USD Million
TABLE 101 Saudi Arabia Automotive Artificial Intelligence Market by Process, 2022 - 2028, USD Million
TABLE 102 Saudi Arabia Automotive Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 103 Saudi Arabia Automotive Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 104 Saudi Arabia Automotive Artificial Intelligence Market by Offering, 2018 - 2021, USD Million
TABLE 105 Saudi Arabia Automotive Artificial Intelligence Market by Offering, 2022 - 2028, USD Million
TABLE 106 Saudi Arabia Automotive Artificial Intelligence Market by Component, 2018 - 2021, USD Million
TABLE 107 Saudi Arabia Automotive Artificial Intelligence Market by Component, 2022 - 2028, USD Million
TABLE 108 South Africa Automotive Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 109 South Africa Automotive Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 110 South Africa Automotive Artificial Intelligence Market by Application, 2018 - 2021, USD Million
TABLE 111 South Africa Automotive Artificial Intelligence Market by Application, 2022 - 2028, USD Million
TABLE 112 South Africa Automotive Artificial Intelligence Market by Process, 2018 - 2021, USD Million
TABLE 113 South Africa Automotive Artificial Intelligence Market by Process, 2022 - 2028, USD Million
TABLE 114 South Africa Automotive Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 115 South Africa Automotive Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 116 South Africa Automotive Artificial Intelligence Market by Offering, 2018 - 2021, USD Million
TABLE 117 South Africa Automotive Artificial Intelligence Market by Offering, 2022 - 2028, USD Million
TABLE 118 South Africa Automotive Artificial Intelligence Market by Component, 2018 - 2021, USD Million
TABLE 119 South Africa Automotive Artificial Intelligence Market by Component, 2022 - 2028, USD Million
TABLE 120 Nigeria Automotive Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 121 Nigeria Automotive Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 122 Nigeria Automotive Artificial Intelligence Market by Application, 2018 - 2021, USD Million
TABLE 123 Nigeria Automotive Artificial Intelligence Market by Application, 2022 - 2028, USD Million
TABLE 124 Nigeria Automotive Artificial Intelligence Market by Process, 2018 - 2021, USD Million
TABLE 125 Nigeria Automotive Artificial Intelligence Market by Process, 2022 - 2028, USD Million
TABLE 126 Nigeria Automotive Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 127 Nigeria Automotive Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 128 Nigeria Automotive Artificial Intelligence Market by Offering, 2018 - 2021, USD Million
TABLE 129 Nigeria Automotive Artificial Intelligence Market by Offering, 2022 - 2028, USD Million
TABLE 130 Nigeria Automotive Artificial Intelligence Market by Component, 2018 - 2021, USD Million
TABLE 131 Nigeria Automotive Artificial Intelligence Market by Component, 2022 - 2028, USD Million
TABLE 132 Rest of LAMEA Automotive Artificial Intelligence Market, 2018 - 2021, USD Million
TABLE 133 Rest of LAMEA Automotive Artificial Intelligence Market, 2022 - 2028, USD Million
TABLE 134 Rest of LAMEA Automotive Artificial Intelligence Market by Application, 2018 - 2021, USD Million
TABLE 135 Rest of LAMEA Automotive Artificial Intelligence Market by Application, 2022 - 2028, USD Million
TABLE 136 Rest of LAMEA Automotive Artificial Intelligence Market by Process, 2018 - 2021, USD Million
TABLE 137 Rest of LAMEA Automotive Artificial Intelligence Market by Process, 2022 - 2028, USD Million
TABLE 138 Rest of LAMEA Automotive Artificial Intelligence Market by Technology, 2018 - 2021, USD Million
TABLE 139 Rest of LAMEA Automotive Artificial Intelligence Market by Technology, 2022 - 2028, USD Million
TABLE 140 Rest of LAMEA Automotive Artificial Intelligence Market by Offering, 2018 - 2021, USD Million
TABLE 141 Rest of LAMEA Automotive Artificial Intelligence Market by Offering, 2022 - 2028, USD Million
TABLE 142 Rest of LAMEA Automotive Artificial Intelligence Market by Component, 2018 - 2021, USD Million
TABLE 143 Rest of LAMEA Automotive Artificial Intelligence Market by Component, 2022 - 2028, USD Million
TABLE 144 key information – Microsoft Corporation
TABLE 145 Key information – IBM Corporation
TABLE 146 Key Information – Google LLC
TABLE 147 Key Information – Intel Corporation
TABLE 148 Key Information – NVIDIA Corporation
TABLE 149 Key Information – Harman International Industries, Inc.
TABLE 150 key Information – Hyundai Motor Company
TABLE 151 key Information – Tesla, Inc.
TABLE 152 Key Information – Qualcomm, Inc.
TABLE 153 key information – Mitsubishi Electric Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Acquisition and Mergers: 2019, Oct – 2022, Sep) Leading Players
FIG 5 Recent strategies and developments: Microsoft Corporation
FIG 6 SWOT Analysis: Microsoft Corporation
FIG 7 Swot analysis: IBM Corporation
FIG 8 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 9 SWOT analysis: Intel corporation
FIG 10 SWOT Analysis: NVIDIA Corporation
FIG 11 Recent strategies and developments: Harman International Industries, Inc.
FIG 12 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 13 SWOT Analysis: Hyundai Motor Company
FIG 14 SWOT ANALYSIS: TESLA, INC.
FIG 15 Recent strategies and developments: Qualcomm, Inc.