The global demand for Artificial Intelligence in Transportation Market is presumed to reach the market size of nearly USD 14.55 BN by 2032 from USD 3.07 BN in 2023 with a CAGR of 18.87% under the study period 2024 - 2032.
Artificial intelligence in transportation is the ideal solution to many problems and has become one of the essential tools to avoid traffic and human error through automation. Artificial intelligence in the transportation industry uses neural networks that recognize patterns based on previous data for vehicle automation. Artificial intelligence in transportation can increase passenger safety and decrease carbon emissions.
Market Dynamics
The development of autonomous vehicles and truck platooning is a major driving factor the AI in transportation market. Also, the growing demand for traffic management and the increasing adoption of advanced driver assistance systems (ADAS) plays an important role in the market's growth. Furthermore, the demand is significantly increasing due to mounting government regulations for vehicle safety and security. In addition, the growing focus on enhancing traffic management in developed and developing countries is expected to boost market growth. However, the high artificial intelligence systems and infrastructure development costs may hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of artificial intelligence in transportation. The growth and trends of artificial intelligence in transportation industry provide a holistic approach to this study.
Market Segmentation
This section of the artificial intelligence in transportation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Process
- Signal Recognition
- Object Recognition
- Data Mining
By Learning Technology
- Deep Learning
- Context Awareness
- Computer Vision
- Natural Language Processing
By Application
- Autonomous Trucks
- HMI Trucks
- Semi-Autonomous Trucks
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Artificial Intelligence in Transportation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Artificial Intelligence in Transportation Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the artificial intelligence in transportation market include Daimler AG, Continental AG, Robert Bosch GmbH, VOLVO, PACCAR Inc., Magna International Inc., ZF Friedrichshafen AG, Scania AB, Valeo, and MAN SE. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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