Press release
Artificial Intelligence in Transportation Market to Reach USD 10.54 Bn by 2029, emerging at a CAGR of 18.3 percent and forecast 2023-2029
Artificial Intelligence in Transportation Market
The report provides insights gathered through extensive research, incorporating data analysis, market trends, and forecasts. Various methodologies including PORTER, SVOR, and PESTEL analysis have been employed to present a clear understanding of the market dynamics.
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What are Artificial Intelligence in Transportation Market Dynamics:
Despite being the growth in the coming years due to the manufacturers continuous efforts and focus on producing vehicles that support artificial intelligence this market has limited insfrastructure that can restraint the growth of this industry. The infrastructure market does not presently support artificial intelligence for transportation. AI in the transportation industry has been success due to the requirement for adequate infrastructure, such as high-speed internet, data storage, and network connectivity. The deployment of AI systems can be expensive, this is especially true for difficult systems such as autonomous vehicles. Most of the transport does not support and use this technology. Integration of artificial intelligence is difficult in transportation as it has the high implementation cost and this can be a major obstacle, especially for the SME's enterprises. This acquisition and maintenance of the necessary hardware and software is expensive for many organizations.
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Artificial Intelligence in Transportation Market Regional Insights:
North America dominated the market in 2023, driven by government regulations and demand for automated control vehicles.
Asia-Pacific shows the fastest growth, with rising government regulations, economic growth, and a shift to the organized logistics sector driving market expansion.
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What is Artificial Intelligence in Transportation Market Segmentation:
by IoT
Communications LTE
LPWAN
5G
by Offering
Hardware
Software
by Machine Learning Technology
Deep Learning
Computer Vision
Context Awareness
Natural Language Processing (NLP)
by Process
Signal Recognition
Object Recognition
Data Mining
by Application
Autonomous Trucks
HMI In Trucks
Semi-Autonomous Trucks
Truck Platooning
Precision Mapping
Predictive Maintenance
HMI in the Trucks
Others
Who are Artificial Intelligence in Transportation Market Key Players:
1. Continental (Hanover, Germany)
2. Volvo
3. ZF
4. Zonar
5. Tier-I Suppliers
6. Daimler (Stuttgart, Germany)
7. Scania
8. Microsoft
9. Paccar
10. Man
11. Bosch
12. NVIDIA
13. Valeo
14. Peloton
15. Xevo
16. Software Suppliers
17. Start-Up's Bosch
18. Intel
19. Alphabet
20. Magna
21. Nauto
22. IBM Corporation
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Table of content for the Artificial Intelligence in Transportation Market includes:
Global Artificial Intelligence in Transportation Market: Research Methodology
Global Artificial Intelligence in Transportation Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Artificial Intelligence in Transportation Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
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