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$ 910.3 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)
$910.3
CAGR, 2025 - 2030
21.2%
Report Coverage
Latin America
Latin America automotive artificial intelligence market, 2018-2030 (US$M)
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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Automotive Artificial Intelligence Market Scope
Automotive artificial intelligence market segmentation & scope
Automotive Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America automotive artificial intelligence market size, by country, 2018-2030 (US$M)
Latin America Automotive Artificial Intelligence Market Outlook Share, 2024 & 2030 (US$M)
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