Rising Demand for Smart and Connected Vehicles Drives AI Market Growth
The global artificial intelligence (AI) market in automotive is witnessing rapid growth, fueled by advancements in autonomous driving technologies and the increasing adoption of electric vehicles (EVs). Valued at US$ 2.5 Bn in 2023, the market is projected to expand at a robust CAGR of 15.6% from 2024 to 2034, reaching approximately US$ 13.0 Bn by the end of 2034. This remarkable growth...
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