openPR Logo
Press release

AI in Transportation Market Growth Analysis By Top Key Players: Continental AG, Robert Bosch GmbH, NVIDIA Corporation, Microsoft Corporation, Volvo Group, Daimler AG, Scania Group, MAN SEPACCAR Inc., ZF Friedrichshafen AG, Valeo SA, Intel Corporation, Alp

07-31-2019 10:52 AM CET | IT, New Media & Software

Press release from: Market Research Future

AI in Transportation Market

AI in Transportation Market

Market Highlights

According to Market Research Future (MRFR)’s recently published report, the global AI in transportation market is expected to expand at 18.03% CAGR during the forecast period 2017 to 2023. It has been estimated that the valuation of the market will grow from USD 1.2 Bn in 2017 to USD 3.07 Bn by the end of 2023. The strong value maintained by the transportation industry has paved the way for the swift adoption of AI. The rising need for vehicle and driver safety due to increasing road accidents have catalyzed the demand for AI in transportation. Additionally, the developed country-level markets have already started the production of autonomous cars, which is projected to have a positive influence on the market growth.

The ongoing industry trend of truck platooning coupled with the growing applications of AI in railway cargo transportation is predicted to accelerate the revenue creation for the market participants over the next couple of years. However, security concerns associated with the handling of transportation data and the lack of supportive infrastructure for AI enabled vehicles remains a challenge to the market proliferation.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6673

Major Key players

Continental AG
Robert Bosch GmbH
NVIDIA Corporation
Microsoft Corporation
Volvo Group
Daimler AG
Scania Group
MAN SEPACCAR Inc.
ZF Friedrichshafen AG
Valeo SA
Segmentation:

This MRFR’s report offers a detailed segmental analysis of the global AI in transportation market based on offerings, IoT communication, technologies, machine learning technology, and applications. By offerings, the market has been segmented into hardware and software. The hardware segment is further sub-segmented into sensors, CPUs, GPUs, and others. The software segment has been sub-segmented into AI platforms, and AI solutions. The AI solutions market is further sub-segmented into autonomous driving solutions, and intelligent repair solutions.

By IoT communication technologies, the market has been segmented into LTE, 5G, and LPWAN. The LTE segment has successfully penetrated the market and is presently leading it. Meanwhile, the LPWAN segment is estimated to expand at a higher CAGR over the forecast period.

By machine learning technology, the market is segmented into deep learning, computer vision, natural language processing, and context awareness. The deep learning segment is forecasted to proliferate substantially at the highest CAGR owing to its extensive use in the production of autonomous cars.

By applications, the market has been segmented into autonomous truck, semi-autonomous trucks, truck platooning, human-machine interface (HMI), predictive maintenance, precision and mapping, and others (driverless buses, smart traffic management). Among these, the human-machine interface (HMI) segment accounts for the largest market share presently. Meanwhile, the semi-autonomous truck segment is expected to mark a relatively higher CAGR due to the rising demand for semi-autonomous trucks across the world.

Regional Analysis:

The global market for AI in transportation, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is currently leading the global market and is projected to retain its prominence over the next couple of years. The presence of prominent country-level markets and key players are supposed to have a favorable impact on the growth of the market.

Additionally, the region is a pioneer in technological advancements and is well-equipped for the adoption of AI technology in transportation. All these factors are projected to combinedly boost the expansion of the regional market over the assessment period. Meanwhile, the market in Europe exhibits immense potential for growth and development. It is expected to register the highest CAGR during the forecast period. The adoption of autonomous cars, high economic growth rate, thriving automotive sector, etc. are projected to catapult the market on an upward trajectory.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/ai-in-transportation-market-6673

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global AI In Transportation Market

Continued………

Office No. 528, Amanora Chambers

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release AI in Transportation Market Growth Analysis By Top Key Players: Continental AG, Robert Bosch GmbH, NVIDIA Corporation, Microsoft Corporation, Volvo Group, Daimler AG, Scania Group, MAN SEPACCAR Inc., ZF Friedrichshafen AG, Valeo SA, Intel Corporation, Alp here

News-ID: 1815427 • Views:

More Releases from Market Research Future

Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing Your Business with Market Size
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics. The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reaching USD 2.4 billion by 2030
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more. The Palm Methyl Ester Derivative Market Size was valued at USD 1.5
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 2032: Analysis by Segmentation, Competitors Analysis
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences. Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by Segmentation, Competitors Analysis
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further. APAC Wallpaper Market Size was valued at USD 0.55

All 5 Releases


More Releases for Transportation

Student Transportation Service Market | Global and Regional Analysis and Forecas …
Student Transportation Service Market describes an in-depth evaluation and Covid19 Outbreak study on the present and future state of the Student Transportation Service market across the globe, including valuable facts and figures. Student Transportation Service Market provides information regarding the emerging opportunities in the market & the market drivers, trends & upcoming technologies that will boost these growth trends. The report provides a comprehensive overview including Definitions, Scope, Application, Production
Non-Emergency Medical Transportation Market By Service Type Private Pay Patient …
A Latest intelligence report published by The Insight Partners with title “Non-Emergency Medical Transportation Market Outlook to 2027. A detailed study accumulated to offer Latest insights about acute features of the Non-Emergency Medical Transportation market. This report provides a detailed overview of key factors in the Non-Emergency Medical Transportation Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these
Student Transportation Service Market to Watch: Spotlight on Dean Transportation …
Latest released research study on COVID-19 Outbreak- Student Transportation Service Market delivers volume and values at regional and company levels considering slowdown due to COVID across the globe. From a global perspective, the report analyzes historical data and future prospects to represent the total COVID-19 Outbreak-Global Student Transportation Service Market size broken down by various segments (type and application) and by highest potential and emerging countries. Some of the players
Transportation Analytics Market - Optimization in the Transportation & Logistics …
With rapid technological advancements, there is need for efficient transportation. Inefficient transportation difficulties are expensive as well as time consuming. The major concern is in building the infrastructure for transportation such as roads, highways, and railway tracks. This is because manufacturing a car is less time consuming than construction of roads, tracks etc. Rising population and the migration of people from rural areas to the metros is responsible for traffic
Global Intermodal Freight Transportation Market 2017 Knight Transportation, Swif …
Intermodal Freight Transportation Market 2017 A market study based on the Intermodal Freight Transportation Market 2017 inspects the execution of the Intermodal Freight Transportation advertise, encasing a top to bottom judgment of the Intermodal Freight Transportation showcase state and the aggressive scene comprehensively. This report breaks down the capability of Intermodal Freight Transportation market in the present and in addition the future prospects from different points in detail. The Global Intermodal
Transportation Management System Market in Intermodal Transportation to Fuel Dem …
A transportation management system (TMS) is a software solution and a key component of supply chain management used to plan the movement of freight. TMS solutions ensure effective communication between carriers and shippers, enabling them to share real-time information. Thus, logistics and transportation companies increasingly prefer TMS solutions. Leading vendors in the transportation management system market are increasingly investing in transportation management software to offer customers, especially transport and logistics