The AI camera market in the US is experiencing substantial growth, propelled by increasing investments and a rising demand for advanced technologies in autonomous vehicles. As the automotive industry undergoes a transformative shift toward autonomous driving, the need for sophisticated perception systems, including AI-powered cameras, has become paramount.
The investments pouring into autonomous vehicle development are directed toward enhancing safety, navigation, and overall performance, making AI cameras a crucial component in this technological evolution. For instance, In January 2023, self-driving truck firm Outrider raised USD 73 million in funding to scale up its autonomous trucks operating in distribution yards for customers in e-commerce, manufacturing, and other industries. The company plans to utilize the funds towards the development of autonomous technology such as driver assistance systems and autonomous driving.
