Artificial Intelligence in Transportation Market Business Strategies, Revenue and Growth Rate Upto 2029

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Artificial Intelligence in Transportation Market size is expected to reach US$ 5.99 Bn. by 2029 from US$ 1.84 Bn. in 2021, at a CAGR of 15.9% during the forecast period.

Artificial Intelligence in Transportation Market Overview

The Artificial Intelligence in Transportation Market research report provides an in-depth analysis that is required to make informed industry decisions and develop strategic growth plans. Regardless of the production method or cost structures, the Artificial Intelligence in Transportation market report provides a full understanding of advanced tactics and plans. The report provides a detailed analysis of the dynamics influencing the market with key players in the Artificial Intelligence in Transportation industry. 

Artificial Intelligence in Transportation Market Report Scope and Research Methodology

The major objective of the Artificial Intelligence in Transportation Market report is to analyze the current and future market scenarios. Global demand, income generation, sales and revenue have been provided in the Artificial Intelligence in Transportation market report. Creating distinct segments is expected to allow clients to learn about different growth components that are likely to be similar across the Artificial Intelligence in Transportation industry, as well as build your own paths to help you uncover contrasts across the major application areas in your target market. The leading players in the Artificial Intelligence in Transportation industry including market leaders, new entrants and followers are also included in the report. This analysis includes the historical trends, revenue, capacity, cost structure, and major drivers of the Artificial Intelligence in Transportation market.

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Artificial Intelligence in Transportation Market Dynamics:

The development of autonomous vehicles is a key driving factor for the growth of AI in the transportation market. Now, significant investments are coming in the automotive industry, specifically for the optimization of the self-driving technology, by major vehicle original equipment manufacturers (OEM). Thus, the development of autonomous vehicles integrated with smart features is expected to boost the growth of the market, globally.

Autonomous taxis have already started operating in Tokyo. According to the manufacturers of autonomous taxis, the technology will outcome in reduced cost for taxi services, which can help increase the public transportation modes in remote areas.Also, US logistics are embracing autonomous trucks to gain numerous benefits from them. According tothe MMR report, 70% of goods are transported via trucks globally.

Artificial Intelligence in Transportation Market Regional Insights

The report delves into the Artificial Intelligence in Transportation business in great depth, segmenting it into numerous locations. North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East are evaluated by region and country in the study. In the Artificial Intelligence in Transportation market report, regional markets are thoroughly investigated in order to uncover regional market trends, restrictions, and possible prospects.

Artificial Intelligence in Transportation Market Segmentation

by Application
• Autonomous Trucks
• HMI in Trucks
• Semi-Autonomous Trucks

by Offering
• Hardware
• Neuromorphic
• Von Neumann
• Software
• Platforms
• Solutions

by Machine Learning Technology
• Deep Learning
• Computer Vision
• Context Awareness
• Natural Language Processing

by Process
• Signal Recognition
• Object Recognition
• Data Mining

Artificial Intelligence in Transportation Market Key Players

• Volvo
• Daimler
• Scania
• Bosch
• Intel
• NVIDIA
• Alphabet
• Continental
• Magna
• Man
• Microsoft
• Nauto
• Paccar
• Peloton
• Valeo
• Xevo
• ZF
• Zonar
• Tier-I Suppliers
• Software Suppliers
• Start-Up’s
• IBM Corporation

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Key Offerings:

  • Market Share, Size Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis of segments and sub-segments
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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