Artificial Intelligence in Transportation Market Growth, Competitive Analysis, Future Prospects and Forecast 2028 | Amazon Web Services, Inc., door2door GmbH

Use of artificial intelligence in transportation sector is increasing day by day. With the help of specially designed cameras, it is used in the prediction of traffic accidents and any such circumstances. Growing adoption of advanced driver assistance systems (ADAS), new government policy for vehicle safety, and development of autonomous vehicles play a significant role in the growth of artificial intelligence in transportation market.

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Companies Profiled in this report includes:  Amazon Web Services, Inc., door2door GmbH, General Electric Company,  IBM Corporation, Intel Corporation, KONUX GmbH, Microsoft Corporation, Nvidia, Volvo Group

MARKET SEGMENTATION

  Based on offering, the global artificial intelligence in transportation market is segmented into software and hardware.

  On the basis of application, the market is segmented into autonomous trucks, HMI in trucks and semi-autonomous trucks.

  Based on technology, the market is bifurcated into deep learning, computer vision, NLP and context awareness.

  On the basis of process, the market is segmented into signal recognition, data mining and image recognition.

MARKET DYNAMICS

Drivers

  Advancing technology to enhance the utility of artificial intelligence.

  Rising urbanization and increasing per capita disposable income to boost market growth of artificial intelligence in transportation.

  Scarcity of skill drivers for trucks in some parts of the world.

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IMPACT OF COVID-19 ON ARTIFICIAL INTELLIGENCE IN TRANSPORTATION MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic restricted movement of people and goods from one place to another for some period of time. Due to this, transportation activities were reduced considerably. Also, purchasing power of the consumer got impacted, which did not allow them to spend too much on non-essential things. However, post pandemic, this market is expected to see some rise.

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