AI in the Automotive Industry: revolution, technology and new rules of the game
From 15 to 50%.
That’s the percentage of smart cars analysts predict will be on the market by 2030. And by "smart," we don’t just mean a vehicle with a voice assistant in the navigator or a parking sensor "eye." We are talking about devices equipped with a full-fledged Artificial Intelligence system for cars - capable of predicting accidents, adjusting driving styles, and diagnosing issues through self-assessment.
Even today, our cars are more innovative and efficient than ever before. Perhaps soon, AI in the automotive industry will reach a level where human hands on the wheel will no longer be needed. Or is this still a futuristic fantasy?
In this article, you will learn:
How Artificial Intelligence is Revolutionizing the Automotive Sector?
One number is enough to answer this question: the Compound Annual Growth Rate (CAGR) is projected at?47.1%?from 2021 to 2030.
There are few historical examples of industries growing at a rate of 50% or higher annually. The first that comes to mind is the internet boom of the late 1990s, when many IT companies experienced explosive growth.
So, what’s happening now? Artificial Intelligence in cars has become the key driver of industry progress.
According to a report by?Fortune Business Insights, the autonomous vehicle market was valued at $1,500.3 billion in 2022. By 2026, it is expected to reach $13,632.4 billion.
Car Artificial Intelligence is not just about autonomous driving technology. It is already making driving safer, manufacturing more efficient, and trips more comfortable. From systems that detect driver drowsiness to smart factories where robots assemble vehicles with millimeter precision, AI is revolutionizing the industry.
The Impact of AI on Vehicle Design and Manufacturing
Previously, designing a car took years - engineers manually created blueprints, conducted hundreds of tests, and made adjustments. Computers simplified this work, but AI automotive has taken it to a whole new level. For example, assembling a Tesla Model 3 in 2019 took 4-5 days. Today, it takes about 10 hours.
Developing: From Blueprints to Digital Twins
AI algorithms generate thousands of design variations, optimizing them for parameters like durability, weight, and cost. BMW, for instance, uses AI to develop more aerodynamic vehicles and reduce new model development time by 30%.
Artificial Intelligence in automotive also enables…
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