Rajneesh De, Consulting Editor, APAC News Network
Generative AI including ML capabilities has emerged as a game changer for the Indian automobile industry. The overall global generative AI market is poised to increase from $11.3 billion in 2023 to $51.8 billion by 2028, growing at a CAGR of 35.6% over this period. The Generative AI in automobile sector is expected to be worth around $2.105 bn by 2032 from $271 Mn in 2022, growing at a CAGR of 23.4% during the forecast period from 2023 to 2032.
Benefits of Generative AI in Automobile
Generative AI enables automobile companies to optimize the vehicle design. This can be done by generating and subsequently evaluating multiple design iterations that are based on specified constraints and objectives. This allows automakers to create more aerodynamic, efficient, and visually appealing vehicles, leading to improved performance and reduced fuel consumption.
Even more crucial is the role of AI in developing autonomous driving systems. The autonomous system helps train models for perception, decision-making, and control. This in turn allows vehicles to interpret their surroundings, make real-time decisions, and navigate autonomously.
Also Read More - https://apacnewsnetwork.com/2023/10/can-generative-ai-drive-india-better-on-its-roads/
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