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Artificial Intelligence in Transportation Market Size by Machine Learning Technology, Process Application by Offering and by Regional Forecasts 2018-2025

11-05-2018 09:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Markets and Insights

Artificial Intelligence in Transportation Market

Artificial Intelligence in Transportation Market

Global Artificial Intelligence in Transportation Market valued approximately USD 1.2 billion in 2017 is anticipated to grow with a healthy growth rate of more than 18% over the forecast period 2018-2025. The growth of the Artificial Intelligence in Transportation market is majorly driven by the development of autonomous vehicles and increasing focus towards reducing the operating cost of transportation. Major developments in Market are related to software. Companies such as IBM and Alphabet Inc. are investing heavily in Artificial Intelligence software, which is benefiting the market of the category. Furthermore, the declining prices of hardware will increase the share of the software category in the market by 2025.

 The regional analysis of Global Artificial Intelligence in Transportation Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is estimated to account for the largest share in the global AI in transportation market, valued at more than 44.0% in 2017. The region includes developed countries such as the U.S. and Canada, which are prominent markets of AI in transportation. Government support and sales of long-haul and premium trucks are driving the market in the region. The U.S. has accounted for a major portion of market revenues in the region till now, due to considerable government and private sector investment, coupled with a favorable policy framework. A well-developed trucking industry with an estimated 15 million registered trucks in the country, ensures considerable long-term opportunity for AI in transportation.

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: 

By Machine Learning Technology:

Computer Vision

Context Awareness

Deep Learning

Natural Language processing

By Process:

Data Mining

Image Recognition

Signal Recognition

By Application:

Autonomous Trucks

HMI in Trucks

Semi-Autonomous Truck

By Offering:

Hardware

Software

By Regions:

North America

U.S.

Canada

Europe

UK

Germany

Asia Pacific

China

India

Japan

Latin America

Brazil

Mexico

Rest of the World

Browse Complete Report at https://www.marketsandinsights.com/selectedReport/963/Global-Blockchain-In-Insurance-Market 

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

The industry is seeming to be fairly competitive. Some of the leading market players include Volvo, Daimler, Scania, Paccar, Continental, Magna, Bosch, ZF, Nvidia, Intel, Microsoft and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.

About Us:

Markets and Insights is a market research and consulting company that provides market research reports and business insights to enterprises. The company supports its clients to conceive business policies and accomplish sustainable growth in their particular market domain.

We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods.

Contact Us:

Phone: +1-201-564-4683 

Email: sales@marketsandinsights.com

Kumar Primus,

Hadapsar Industrial Estate,

Hadapsar, Pune, Maharashtra 411013

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