Artificial Intelligence in Transportation Market 2024 Analysis By Size, Share, Growth, Trends Up To 2033 | The Volvo Group, Mercedes-Benz Group AG, Scania AB, Peloton Interactive Inc., Valeo SA, Xevo Inc., Nvidia Corporation

"The new report published by The Business Research Company, titled ""Artificial Intelligence in Transportation Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the artificial intelligence in transportation market size has grown rapidly in recent years. It will grow from $3.11 billion in 2023 to $3.71 billion in 2024 at a compound annual growth rate (CAGR) of 19.4%. The artificial intelligence in transportation market size is expected to see rapid growth in the next few years. It will grow to $7.54 billion in 2028 at a compound annual growth rate (CAGR) of 19.4%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7835&type=smp

Surging Demand For Autonomous Vehicles Fueling Growth In The Artificial Intelligence Transportation Market
Growing demand for autonomous vehicles is expected to propel the growth of artificial intelligence in the transportation market going forward. An autonomous vehicle is a medium of transport that can drive itself in ""autopilot"" mode from a starting point to a given destination using various in-vehicle technologies and sensors such as adaptive cruise control, active steering, anti-lock braking systems, GPS navigation technology, lasers, and radar. Autonomous vehicles employ artificial intelligence to operate the vehicle and to sense any accidents or obstacles. For instance, according to a survey conducted by AlixPartners, a financial advisory and global consulting firm, more than 60% of consumers are aware of level 2 autonomy in China, France, Italy, and Germany. Level 2 autonomy means some driving responsibilities are carried out by the vehicle; however, it is anticipated that the driver will respond to interactions in a timely manner. Also, more than 50% of the consumers are ready to give up vehicle ownership for robotaxi services. Therefore, an increase in the growing demand for autonomous vehicles will drive artificial intelligence in the transportation market.

Adas Advancements Reshaping The Transportation Market
Technological advancements have emerged as a key trend gaining popularity in artificial intelligence in the transportation market. Major companies operating in the market are focusing on innovations of new products to strengthen their market position. For instance, in January 2022, Qualcomm, a US-based semi-conductor manufacturing company, launched Snapdragon Ride. Snapdragon Ride aims to reduce the complexity of autonomous driving and Advanced driver assistance systems by combining high-performance, power-efficient hardware, artificial intelligence (AI) technologies, and an autonomous driving stack to deliver a low-cost, high-energy system. It provides comprehensive tools for compiling deep neural networks (deep learning).

The artificial intelligence in transportation market covered in this report is segmented -

1) By Offering: Hardware, Software
2) By Machine Learning Technology: Deep Learning, Conputer Vision, Context Awareness, Natural Language Processing
3) By Process: Signal Recognition, Object Recognition, Data Mining
4) By Application: Semi Autonomous Truck, Truck Platooning, Predictive Maintenance, Precision And Mapping, Autonomous Truck, Other Applications

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7835&type=discount

Major companies operating in the artificial intelligence in transportation market report are The Volvo Group, Mercedes-Benz Group AG, Scania AB, Peloton Interactive Inc., Valeo SA, Xevo Inc., Nvidia Corporation, Intel Corporation, Robert Bosch GmbH, Continental AG, Microsoft Corporation, International Business Machines Corp, Magna International Inc., ZF Friedrichshafen AG, Alphabet Inc., Daimler AG, General Motors Company, Aptiv plc, Denso Corporation, Xilinx Inc., TomTom NV, Harman International Industries Inc., Nauto Inc., FiveAI Inc., Waymo LLC, Uber Technologies Inc., Tesla Inc., Mobileye NV, Baidu Inc., AutoX Inc., Ponyai Inc., TuSimple Inc., Aurora Innovation Inc., Embark Trucks Inc., Plusai Inc.

Contents of the report:
1. Executive Summary
2. Artificial Intelligence in Transportation Market Report Structure
3. Artificial Intelligence in Transportation Market Trends And Strategies
4. Artificial Intelligence in Transportation Market - Macro Economic Scenario
5. Artificial Intelligence in Transportation Market Size And Growth
…..
27. Artificial Intelligence in Transportation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/artificial-intelligence-in-transportation-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.