China Automotive AI Market by Component (Hardware, Software, and Services), by Technology (Machine Learning & Deep Learning, Computer Vision, and Natural Language Processing), and by Application (Semi-Autonomous and Fully Autonomous) - Opportunity Analysis and Industry Forecast, 2024– 2030

China Automotive AI Market

Industry:  Automotive & Transportation | Publish Date: Apr 2024 | No of Pages:  101 | No. Tables:  71 | No. Figures:  36

Market Definition

The China Automotive AI Market size was valued at USD 326.0 million in 2023, and is predicted to reach USD 1699.0 million by 2030, at a CAGR of 26.6% from 2024 to 2030. Automotive Artificial Intelligence, or Automotive AI, refers to the application of machine learning and artificial intelligence technologies in the design, development, and operation of vehicles and related systems within the automotive industry. Automotive AI consists a wide range of applications, including autonomous driving, advanced driver assistance systems (ADAS), predictive maintenance, natural language processing for in-car voice recognition, and improving the overall efficiency and safety of vehicles. This technology enables vehicles to perceive their surroundings, make decisions, and interact with drivers and passengers. This further enhances the driving experience, safety, and efficiency of automotive systems.

Increasing Technological Advancements in Automotive AI Fuels the Market Expansion

The automotive industry is experiencing significant progress driven by rapid advancements in artificial intelligence (AI). Breakthroughs in algorithms, machine learning, and deep learning techniques are integral to the development of smarter and more capable vehicles. Machine learning facilitates the adaptive learning process for cars, while deep learning, characterized by intricate neural networks, enhances critical capabilities such as image and speech recognition, vital for advanced driver assistance systems (ADAS) and in-car infotainment. These technological strides not only enhance the performance of existing AI applications, such as predictive maintenance and optimized fuel efficiency, but also pave the way for innovative features. Automotive manufacturers are actively incorporating the latest AI capabilities to maintain competitiveness and fulfil consumer expectations for heightened safety, convenience, and an overall superior driving experience. The insistent evolution of AI technologies serves as a driving force behind the expansive growth of the automotive AI market.

 

Surge in Connected Vehicles is Driving the Adoption of Automotive AI

The automotive industry is witnessing a notable increase in the demand for connected vehicles, marking a pivotal driver for the widespread adoption of Artificial Intelligence (AI). Connected vehicles, leveraging advanced communication technologies and the Internet of Things (IoT), enable real-time data exchange and improved user experiences. In response to this trend, AI plays a crucial role in processing and analyzing the extensive data generated by connected vehicles. Machine learning algorithms contribute to insights into user behavior, traffic patterns, and vehicle performance. This integration of AI in connected vehicles results in features such as predictive maintenance, remote diagnostics, and intelligent navigation systems, transforming traditional automobiles into smart, data-driven platforms. As the demand for connectivity continues to rise, the automotive industry is increasingly relying on AI to deliver vehicles that are not only connected but also smarter, safer, and more efficient.

 

Data Privacy and High Cost Associated with Automotive AI Restrains the Market Growth

The expansion of the automotive AI market is hindered by collective challenges, encompassing data privacy concerns and elevated costs. Consumers express apprehension regarding the collection, utilization, and safeguarding of their personal data by AI systems in vehicles, prompting a call for more rigorous data privacy measures. Moreover, the substantial expenses associated with the development and integration of AI in vehicles can contribute to escalated vehicle prices, posing a potential impediment to market adoption, particularly among price-sensitive consumers. Achieving a delicate balance between addressing data privacy apprehensions and managing costs is imperative for fostering widespread acceptance and facilitating the growth of automotive AI technologies.

Integration of Augmented Reality (AR) in Vehicles is Expected to Create Opportunity Growth for the Market

Augmented Reality (AR) in vehicles represents a cutting-edge application of artificial intelligence (AI) that focuses on enriching the driver's experience and safety. By integrating AI algorithms and visual overlays into the driver's field of view, typically through Head-Up Displays (HUDs) on windshields, AR enhances situational awareness on the road. AI-powered object recognition ensures the identification and highlighting of pedestrians, cyclists, and road signs, aiding the driver in navigating complex traffic scenarios. Navigation instructions, traffic alerts, and critical safety information are seamlessly displayed, reducing the need for the driver to shift attention away from the road. This technology also extends to interactive controls, allowing for touchless gestures or voice commands, further minimizing distractions.

 

Competitive Landscape

The market players operating in the China automotive AI market include NVIDIA Corporation, Alphabet, Inc., Intel Corporation, Microsoft Corporation, IBM Corporation, Qualcomm, Inc., Tesla, Inc., BMW AG, Micron Technology, Xilinx, Inc.

China Automotive AI Market Key Segments

By Component

  • Hardware

  • Software

  • Services

By Technology

  • Machine Learning & Deep Learning

  • Computer Vision

  • Natural Language Processing

By Application

  • Semi-Autonomous

  • Fully Autonomous

REPORT SCOPE AND SEGMENTATION:

Parameters

Details

Market Size in 2023

USD 326.0 Million

Revenue Forecast in 2030

USD 1699.0 Million

Growth Rate

CAGR of 26.6% from 2024 to 2030

Analysis Period

2023–2030

Base Year Considered

2023

Forecast Period

2024–2030

Market Size Estimation

Million (USD)

Growth Factors

  • Increasing technological advancements in automotive AI.

  • Surge in connected vehicles drives the market expansion.

Companies Profiled

10

Market Share

Available for 10 companies

Customization Scope

Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs.

Test

1      INTRODUCTION

           1.1      REPORT DESCRIPTION

           1.2      RESEARCH METHODOLOGY

                         1.2.1      SECONDARY RESEARCH

                         1.2.2      DATA ANALYSIS FRAMEWORK

                         1.2.3      MARKET SIZE ESTIMATION

                         1.2.4      FORECASTING

                         1.2.5      PRIMARY RESEARCH AND DATA VALIDATION

2      CHINA AUTOMOTIVE AI MARKET – EXECUTIVE SUMMARY

           2.1.      MARKET SNAPSHOT, 2023 - 2030, MILLION USD

3      PORTER’S FIVE FORCE MODEL ANALYSIS

           3.1      BARGAINING POWER OF SUPPLIERS

           3.2      BARGAINING POWER OF BUYERS

           3.3      DEGREE OF COMPETITION

           3.4      THREAT OF SUBSTITUTE

           3.5      THREAT OF NEW ENTRANTS

4      MARKET SHARE ANALYSIS

           4.1      MARKET SHARE ANALYSIS OF TOP PROVIDERS, 2023

5      MARKET DYNAMICS

           5.1      GROWTH DRIVERS

                         5.1.1      DRIVER 1

                         5.1.2      DRIVER 2

                         5.1.3      DRIVER 3

                         5.1.4      DRIVER 4

           5.2      CHALLENGES

                         5.2.1      CHALLENGE 1

                         5.2.2      CHALLENGE 2

                         5.2.3      CHALLENGE 3

                         5.2.4      CHALLENGE 4

           5.3      OPPORTUNITIES

                         5.3.1      OPPORTUNITY 1

                         5.3.2      OPPORTUNITY 2

6       CHINA AUTOMOTIVE AI MARKET BY COMPONENT

           6.1      OVERVIEW

           6.2      HARDWARE MARKET

           6.3      SOFTWARE MARKET

           6.4      SERVICES MARKET

7       CHINA AUTOMOTIVE AI MARKET BY TECHNOLOGY

           7.1      OVERVIEW

           7.2      MACHINE LEARNING AND DEEP LEARNING MARKET

           7.3      COMPUTER VISION MARKET

           7.4      NATURAL  LANGUAGE PROCESSING MARKET

8       CHINA AUTOMOTIVE AI MARKET BY APPLICATION

           8.1      OVERVIEW

           8.2      SEMI-AUTONOMOUS MARKET

           8.3      FULLY AUTONOMOUS MARKET

9     COMPANY PROFILES

           9.1     NVIDIA CORPORATION

                         9.1.1     COMPANY OVERVIEW

                         9.1.2     COMPANY SNAPSHOT

                         9.1.3     OPERATING BUSINESS SEGMENTS

                         9.1.4     PRODUCT PORTFOLIO

                         9.1.5     BUSINESS PERFORMANCE

                         9.1.6     BUSINESS SEGMENTS

                         9.1.7     GEOGRAPHIC SEGMENTS

                         9.1.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.1.9     PRIMARY MARKET COMPETITORS

           9.2     ALPHABET, INC.

                         9.2.1     COMPANY OVERVIEW

                         9.2.2     COMPANY SNAPSHOT

                         9.2.3     OPERATING BUSINESS SEGMENTS

                         9.2.4     PRODUCT PORTFOLIO

                         9.2.5     BUSINESS PERFORMANCE

                         9.2.6     BUSINESS SEGMENTS

                         9.2.7     GEOGRAPHIC SEGMENTS

                         9.2.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.2.9     PRIMARY MARKET COMPETITORS

           9.3     INTEL CORPORATION

                         9.3.1     COMPANY OVERVIEW

                         9.3.2     COMPANY SNAPSHOT

                         9.3.3     OPERATING BUSINESS SEGMENTS

                         9.3.4     PRODUCT PORTFOLIO

                         9.3.5     BUSINESS PERFORMANCE

                         9.3.6     BUSINESS SEGMENTS

                         9.3.7     GEOGRAPHIC SEGMENTS

                         9.3.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.3.9     PRIMARY MARKET COMPETITORS

           9.4     MICROSOFT CORPORATION

                         9.4.1     COMPANY OVERVIEW

                         9.4.2     COMPANY SNAPSHOT

                         9.4.3     OPERATING BUSINESS SEGMENTS

                         9.4.4     PRODUCT PORTFOLIO

                         9.4.5     BUSINESS PERFORMANCE

                         9.4.6     BUSINESS SEGMENTS

                         9.4.7     GEOGRAPHIC SEGMENTS

                         9.4.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.4.9     PRIMARY MARKET COMPETITORS

           9.5     IBM CORPORATION

                         9.5.1     COMPANY OVERVIEW

                         9.5.2     COMPANY SNAPSHOT

                         9.5.3     OPERATING BUSINESS SEGMENTS

                         9.5.4     PRODUCT PORTFOLIO

                         9.5.5     BUSINESS PERFORMANCE

                         9.5.6     BUSINESS SEGMENTS

                         9.5.7     GEOGRAPHIC SEGMENTS

                         9.5.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.5.9     PRIMARY MARKET COMPETITORS

           9.6     QUALCOMM, INC.

                         9.6.1     COMPANY OVERVIEW

                         9.6.2     COMPANY SNAPSHOT

                         9.6.3     OPERATING BUSINESS SEGMENTS

                         9.6.4     PRODUCT PORTFOLIO

                         9.6.5     BUSINESS PERFORMANCE

                         9.6.6     BUSINESS SEGMENTS

                         9.6.7     GEOGRAPHIC SEGMENTS

                         9.6.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.6.9     PRIMARY MARKET COMPETITORS

           9.7     TESLA, INC.

                         9.7.1     COMPANY OVERVIEW

                         9.7.2     COMPANY SNAPSHOT

                         9.7.3     OPERATING BUSINESS SEGMENTS

                         9.7.4     PRODUCT PORTFOLIO

                         9.7.5     BUSINESS PERFORMANCE

                         9.7.6     BUSINESS SEGMENTS

                         9.7.7     GEOGRAPHIC SEGMENTS

                         9.7.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.7.9     PRIMARY MARKET COMPETITORS

           9.8     BMW AG

                         9.8.1     COMPANY OVERVIEW

                         9.8.2     COMPANY SNAPSHOT

                         9.8.3     OPERATING BUSINESS SEGMENTS

                         9.8.4     PRODUCT PORTFOLIO

                         9.8.5     BUSINESS PERFORMANCE

                         9.8.6     BUSINESS SEGMENTS

                         9.8.7     GEOGRAPHIC SEGMENTS

                         9.8.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.8.9     PRIMARY MARKET COMPETITORS

           9.9     MICRON TECHNOLOGY

                         9.9.1     COMPANY OVERVIEW

                         9.9.2     COMPANY SNAPSHOT

                         9.9.3     OPERATING BUSINESS SEGMENTS

                         9.9.4     PRODUCT PORTFOLIO

                         9.9.5     BUSINESS PERFORMANCE

                         9.9.6     BUSINESS SEGMENTS

                         9.9.7     GEOGRAPHIC SEGMENTS

                         9.9.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.9.9     PRIMARY MARKET COMPETITORS

           9.10     XILINX, INC.

                         9.10.1     COMPANY OVERVIEW

                         9.10.2     COMPANY SNAPSHOT

                         9.10.3     OPERATING BUSINESS SEGMENTS

                         9.10.4     PRODUCT PORTFOLIO

                         9.10.5     BUSINESS PERFORMANCE

                         9.10.6     BUSINESS SEGMENTS

                         9.10.7     GEOGRAPHIC SEGMENTS

                         9.10.8     KEY STRATEGIC MOVES AND DEVELOPMENT

                         9.10.9     PRIMARY MARKET COMPETITORS

LIST OF TABLES

TABLE 1. CHINA AUTOMOTIVE AI MARKET VALUE, BY COMPONENT, 2023-2030, (MILLION USD)

TABLE 2. HARDWARE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 3. SOFTWARE, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 4. SERVICES, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 5. CHINA AUTOMOTIVE AI MARKET VALUE, BY TECHNOLOGY, 2023-2030, (MILLION USD)

TABLE 6. MACHINE LEARNING AND DEEP LEARNING, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 7. COMPUTER VISION, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 8. NATURAL  LANGUAGE PROCESSING, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 9. CHINA AUTOMOTIVE AI MARKET VALUE, BY APPLICATION, 2023-2030, (MILLION USD)

TABLE 10. SEMI-AUTONOMOUS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 11. FULLY AUTONOMOUS, MARKET VALUE, 2023-2030, (MILLION USD)

TABLE 12. NVIDIA CORPORATION: COMPANY SNAPSHOT

TABLE 13. NVIDIA CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 14. NVIDIA CORPORATION: PRODUCT PORTFOLIO

TABLE 15. NVIDIA CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 16. NVIDIA CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 17. NVIDIA CORPORATION: KEY STRATERGY

TABLE 18. ALPHABET, INC.: COMPANY SNAPSHOT

TABLE 19. ALPHABET, INC.: OPERATING BUSINESS SEGMENTS

TABLE 20. ALPHABET, INC.: PRODUCT PORTFOLIO

TABLE 21. ALPHABET, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 22. ALPHABET, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 23. ALPHABET, INC.: KEY STRATERGY

TABLE 24. INTEL CORPORATION: COMPANY SNAPSHOT

TABLE 25. INTEL CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 26. INTEL CORPORATION: PRODUCT PORTFOLIO

TABLE 27. INTEL CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 28. INTEL CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 29. INTEL CORPORATION: KEY STRATERGY

TABLE 30. MICROSOFT CORPORATION: COMPANY SNAPSHOT

TABLE 31. MICROSOFT CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 32. MICROSOFT CORPORATION: PRODUCT PORTFOLIO

TABLE 33. MICROSOFT CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 34. MICROSOFT CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 35. MICROSOFT CORPORATION: KEY STRATERGY

TABLE 36. IBM CORPORATION: COMPANY SNAPSHOT

TABLE 37. IBM CORPORATION: OPERATING BUSINESS SEGMENTS

TABLE 38. IBM CORPORATION: PRODUCT PORTFOLIO

TABLE 39. IBM CORPORATION: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 40. IBM CORPORATION: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 41. IBM CORPORATION: KEY STRATERGY

TABLE 42. QUALCOMM, INC.: COMPANY SNAPSHOT

TABLE 43. QUALCOMM, INC.: OPERATING BUSINESS SEGMENTS

TABLE 44. QUALCOMM, INC.: PRODUCT PORTFOLIO

TABLE 45. QUALCOMM, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 46. QUALCOMM, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 47. QUALCOMM, INC.: KEY STRATERGY

TABLE 48. TESLA, INC.: COMPANY SNAPSHOT

TABLE 49. TESLA, INC.: OPERATING BUSINESS SEGMENTS

TABLE 50. TESLA, INC.: PRODUCT PORTFOLIO

TABLE 51. TESLA, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 52. TESLA, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 53. TESLA, INC.: KEY STRATERGY

TABLE 54. BMW AG: COMPANY SNAPSHOT

TABLE 55. BMW AG: OPERATING BUSINESS SEGMENTS

TABLE 56. BMW AG: PRODUCT PORTFOLIO

TABLE 57. BMW AG: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 58. BMW AG: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 59. BMW AG: KEY STRATERGY

TABLE 60. MICRON TECHNOLOGY: COMPANY SNAPSHOT

TABLE 61. MICRON TECHNOLOGY: OPERATING BUSINESS SEGMENTS

TABLE 62. MICRON TECHNOLOGY: PRODUCT PORTFOLIO

TABLE 63. MICRON TECHNOLOGY: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 64. MICRON TECHNOLOGY: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 65. MICRON TECHNOLOGY: KEY STRATERGY

TABLE 66. XILINX, INC.: COMPANY SNAPSHOT

TABLE 67. XILINX, INC.: OPERATING BUSINESS SEGMENTS

TABLE 68. XILINX, INC.: PRODUCT PORTFOLIO

TABLE 69. XILINX, INC.: SALES BY BUSINESS SEGMENTS (2021-2023)

TABLE 70. XILINX, INC.: SALES BY GEOGRAPHIC SEGMENTS (2021-2023)

TABLE 71. XILINX, INC.: KEY STRATERGY

LIST OF FIGURES

FIGURE 1.   BARGAINING POWER OF SUPPLIERS

FIGURE 2.   BARGAINING POWER OF BUYERS

FIGURE 3.   DEGREE OF COMPETITION

FIGURE 4.   THREAT OF SUBSTITUTE

FIGURE 5.   THREAT OF NEW ENTRANTS

FIGURE 6. CHINA AUTOMOTIVE AI MARKET VALUE, BY COMPONENT, 2023-2030, (MILLION USD)

FIGURE 7. HARDWARE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 8. SOFTWARE, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 9. SERVICES, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 10. CHINA AUTOMOTIVE AI MARKET VALUE, BY TECHNOLOGY, 2023-2030, (MILLION USD)

FIGURE 11. MACHINE LEARNING AND DEEP LEARNING, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 12. COMPUTER VISION, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 13. NATURAL  LANGUAGE PROCESSING, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 14. CHINA AUTOMOTIVE AI MARKET VALUE, BY APPLICATION, 2023-2030, (MILLION USD)

FIGURE 15. SEMI-AUTONOMOUS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 16. FULLY AUTONOMOUS, MARKET VALUE, 2023-2030, (MILLION USD)

FIGURE 17. NVIDIA CORPORATION: NET SALES, (2021-2023)

FIGURE 18. NVIDIA CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 19. ALPHABET, INC.: NET SALES, (2021-2023)

FIGURE 20. ALPHABET, INC.: PRIMARY MARKET COMPETITORS

FIGURE 21. INTEL CORPORATION: NET SALES, (2021-2023)

FIGURE 22. INTEL CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 23. MICROSOFT CORPORATION: NET SALES, (2021-2023)

FIGURE 24. MICROSOFT CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 25. IBM CORPORATION: NET SALES, (2021-2023)

FIGURE 26. IBM CORPORATION: PRIMARY MARKET COMPETITORS

FIGURE 27. QUALCOMM, INC.: NET SALES, (2021-2023)

FIGURE 28. QUALCOMM, INC.: PRIMARY MARKET COMPETITORS

FIGURE 29. TESLA, INC.: NET SALES, (2021-2023)

FIGURE 30. TESLA, INC.: PRIMARY MARKET COMPETITORS

FIGURE 31. BMW AG: NET SALES, (2021-2023)

FIGURE 32. BMW AG: PRIMARY MARKET COMPETITORS

FIGURE 33. MICRON TECHNOLOGY: NET SALES, (2021-2023)

FIGURE 34. MICRON TECHNOLOGY: PRIMARY MARKET COMPETITORS

FIGURE 35. XILINX, INC.: NET SALES, (2021-2023)

FIGURE 36. XILINX, INC.: PRIMARY MARKET COMPETITORS

KEY PLAYERS

  • NVIDIA Corporation

  • Alphabet, Inc.

  • Intel Corporation

  • Microsoft Corporation

  • IBM Corporation

  • Qualcomm, Inc.

  • Tesla, Inc.

  • BMW AG

  • Micron Technology

  • Xilinx, Inc.


Frequently Asked Questions
What are the key players operating in the China automotive AI market?

The key market players operating in the China automotive AI market are NVIDIA Corporation, Alphabet, Inc., Intel Corporation, Microsoft Corporation, IBM Corporation, Qualcomm, Inc., Tesla, Inc., BMW AG, Micron Technology, Xilinx, Inc.

What will be the size of the China automotive AI market in 2030?

According to the Next Move Strategy Consulting, the size of the China automotive AI market is estimated to be at USD 1699.0 Million in 2030.

What are the key applications of AI in the Automotive Industry?

Key applications of AI in the automotive industry include autonomous driving, predictive maintenance, natural language processing for in-car virtual assistants, image and speech recognition, and optimization of manufacturing processes.

What challenges are related to the automotive AI industry?

Key challenges are the data privacy and high cost associated with automotive AI.

What is the size of the China automotive AI market in 2023?

According to the Next Move Strategy Consulting, the size of the China automotive AI market is estimated at USD 326.0 Million in 2023.