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The automotive artificial intelligence (AI) market is projected to reach a market size of $25.78 billion and a compound annual growth rate of 29.2% from 2024 to 2030. Government regulations and safety standards are the key drivers for the growth of the automotive AI market. Advanced driver assistance systems, powered by AI, have become standard in new-vehicle models and have a 92.7% adoption rate in the U.S. AI can also decrease cost of vehicle manufacturing and enhance road safety. Key challenges include steep development costs, data security, and privacy concerns.
