Latin America Automotive Artificial Intelligence Market Size & Outlook
The automotive artificial intelligence market in Latin America is expected to reach a projected revenue of US$ 910.2 million by 2030. A compound annual growth rate of 21.2% is expected of Latin America automotive artificial intelligence market from 2025 to 2030.
Revenue, 2024 (US$M)
$291.4
Forecast, 2030 (US$M)
$910.2
CAGR, 2025 - 2030
21.2%
Report Coverage
Latin America
Latin America Automotive Artificial Intelligence Market, 2018-2030 (US$M)
Global Market
Related Markets
Latin America automotive artificial intelligence market highlights
- The Latin America automotive artificial intelligence market generated a revenue of USD 291.4 million in 2024.
- The market is expected to grow at a CAGR of 21.2% 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, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 291.4 million |
| Market revenue in 2030 | USD 910.2 million |
| Growth rate | 21.2% (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, Latin America region accounted for 6.8% 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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Publish Date: Dec 05, 2024
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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 |
|---|---|---|---|---|
| NVIDIA Corp | View profile | 29,600 | 2788 San Tomas Expressway, Santa Clara, CA, United States, 95051 | www.nvidia.com |
| Toyota Motor Corp | View profile | 380,793 | 1 Toyota-cho, Aichi Prefecture, Toyota, Japan, 471-8571 | www.global.toyota |
| Qualcomm Inc | View profile | 50,000 | 5775 Morehouse Drive, San Diego, CA, United States, 92121-1714 | www.qualcomm.com |
| Aptiv PLC | View profile | 154,000 | 5 Hanover Quay, Grand Canal Dock, Dublin, Ireland, D02 VY79 | www.aptiv.com |
| Tesla Inc | View profile | 140,473 | 1 Tesla Road, Austin, TX, United States, 78725 | www.tesla.com |
| Mobileye Global Inc Ordinary Shares - Class A | View profile | 3,700 | c/o Mobileye B.V., P.O. Box 45157, Har Hotzvim, 13 Hartom Street, Jerusalem, Israel, 9777513 | www.mobileye.com |
| Robert Bosch Engineering & Business Solutions | View profile | 10001+ | Bangalore, Karnataka, India, Asia | www.bosch-india-software.com |
| Ford Motor Co | View profile | 177,000 | One American Road, Dearborn, MI, United States, 48126 | www.ford.com |
| Waymouth Farms | View profile | 101-250 | Plymouth, Minnesota, United States, North America | www.goodsensesnacks.com |
| Cruise | View profile | 1001-5000 | San Francisco, California, United States, North America | www.getcruise.com |
Latin America Automotive Artificial Intelligence Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Automotive Artificial Intelligence Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 90.7% in 2024.
Horizon Databook has segmented the Latin America automotive artificial intelligence market based on hardware, software covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Automotive Artificial Intelligence Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Latin America Automotive Artificial Intelligence Market Level of Autonomy Outlook (Revenue, USD Million , 2018-2030)
- Level 1
- Level 2
- Level 3
- Level 4
- Latin America Automotive Artificial Intelligence Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Machine Learning
- Natural Language Processing
- Computer Vision
- Context-aware computing
- Others(contextual AI, RPA)
- Latin America Automotive Artificial Intelligence Market Vehicle Type Outlook (Revenue, USD Million , 2018-2030)
- Passenger Vehicles
- Commercial Vehicles
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Automotive Artificial Intelligence Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Automotive Artificial Intelligence Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Automotive Artificial Intelligence Market, 2018-2030 (US$M)
Latin America automotive artificial intelligence market statistics, by component, 2018-2030 (US$M)
