The current state of artificial intelligence (AI) in the automotive industry is rapidly evolving and transforming the way companies operate and innovate. AI is being utilized in various aspects of the automotive industry, from autonomous vehicles to enhancing car security and improving manufacturing processes. According to a recent McKinsey Global Survey, generative AI tools are being regularly used by one-third of organizations in at least one business function, indicating the explosive growth of AI in the industry.
The automotive artificial intelligence (AI) market size is projected to surpass USD 357.1 billion by 2033, according to Precedence Research. AI is being used to develop autonomous vehicles and enhance car security, with many major auto manufacturers working on creating their own self-driving cars and features. AI is also transforming the manufacturing process, from research and design to project management and business support functions, with AI-enabled opportunities expected to reach an annual value of about USD 215 billion for automotive OEMs worldwide by 2025. The future of the automotive industry is being fueled by AI, with the potential to revolutionize the sector in the coming years.