Europe Automotive Artificial Intelligence Market Size & Outlook
The automotive artificial intelligence market in Europe is expected to reach a projected revenue of US$ 3,402.2 million by 2030. A compound annual growth rate of 22.8% is expected of Europe automotive artificial intelligence market from 2025 to 2030.
Revenue, 2024 (US$M)
$1,003.9
Forecast, 2030 (US$M)
$3,402.2
CAGR, 2025 - 2030
22.8%
Report Coverage
Europe
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Europe automotive artificial intelligence market highlights
- The Europe automotive artificial intelligence market generated a revenue of USD 1,003.9 million in 2024.
- The market is expected to grow at a CAGR of 22.8% from 2025 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2024.
- Software is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2025 to 2030.
Europe data book summary
| Market revenue in 2024 | USD 1,003.9 million |
| Market revenue in 2030 | USD 3,402.2 million |
| Growth rate | 22.8% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software |
| Key market players worldwide | Aptiv PLC, Cruise, Mobileye Global Inc Ordinary Shares - Class A, NVIDIA Corp, Qualcomm Inc, Robert Bosch Engineering & Business Solutions, Tesla Inc, Ford Motor Co, Toyota Motor Corp, Waymouth Farms |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.4% of the global automotive artificial intelligence market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,491.5 million by 2030.
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Automotive Artificial Intelligence Market Scope
Automotive artificial intelligence market segmentation & scope
Automotive Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cruise | View profile | 1001-5000 | San Francisco, California, United States, North America | http://www.getcruise.com |
| Waymouth Farms | View profile | 101-250 | Plymouth, Minnesota, United States, North America | http://www.goodsensesnacks.com |
| Ford Motor Co | View profile | 177000 | One American Road, Dearborn, MI, United States, 48126 | https://www.ford.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.bosch-india-software.com |
| Mobileye Global Inc Ordinary Shares - Class A | View profile | 3700 | c/o Mobileye B.V., P.O. Box 45157, Har Hotzvim, 13 Hartom Street, Jerusalem, Israel, 9777513 | https://www.mobileye.com |
| Tesla Inc | View profile | 140473 | 1 Tesla Road, Austin, TX, United States, 78725 | https://www.tesla.com |
| Aptiv PLC | View profile | 154000 | 5 Hanover Quay, Grand Canal Dock, Dublin, Ireland, D02 VY79 | https://www.aptiv.com |
| Qualcomm Inc | View profile | 50000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | https://www.qualcomm.com |
| Toyota Motor Corp | View profile | 380793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | https://www.global.toyota |
| NVIDIA Corp | View profile | 29600 | 2788 San Tomas Expressway, Santa Clara, CA, United States, 95051 | https://www.nvidia.com |
Europe automotive artificial intelligence market size, by country, 2018-2030 (US$M)
Europe Automotive Artificial Intelligence Market Outlook Share, 2024 & 2030 (US$M)
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