Artificial Intelligence in Transportation Market size is expected to reach USD 5.99 Bn by 2029

Artificial Intelligence in Transportation Market

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 total global market for Artificial Intelligence in Transportation Market was 1.84 Bn in 2022 from the supply side, claimed Sr. Research Analyst Ms. Neha Nalwade while publishing the report. Maximize Artificial Intelligence in Transportation Market research published the global market and industry analysis report on the Artificial Intelligence in Transportation Market on 20th November and is available in the market now. The report includes key business insights and market sizing by region, products, and applications, with a forecast for 2029.

Artificial Intelligence in Transportation Market Scope:

The Maximize Artificial Intelligence in Transportation Market  Research Report provides Artificial Intelligence in Transportation Market insights for manufacturers, suppliers, distributors, and investors. All stakeholders in the Artificial Intelligence in Transportation Market , including industry experts, researchers, journalists, and business researchers, can benefit from the information and statistics provided in the report.

Maximize Artificial Intelligence in Transportation Market Research report explains how to do in-depth research on the Artificial Intelligence in Transportation Market and develop conclusions about the market’s future growth factors. The research technique combines primary and secondary research methodologies to ensure the authenticity and validity of the findings in the research.

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.

A majority of companies are still running their pilot projects, motivated to make self-driving vehicles sound and safe for passengers. As the technology grows, self-driving vehicles will gain more confidence and become mainstream in the consumer realm.

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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

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Regional Analysis:

The report on the Artificial Intelligence in Transportation Market growth provides a detailed regional analysis. It demonstrates the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, market research gains a better perspective and understanding of the market and target audience.

Key Questions answered in the Artificial Intelligence in Transportation Market Report are:

  • What is Artificial Intelligence in Transportation Market ?
  • What is the forecast period of the Artificial Intelligence in Transportation Market ?
  • What is the competitive scenario of the Artificial Intelligence in Transportation Market ?
  • Which region held the largest market share in the Artificial Intelligence in Transportation Market ?
  • What are the opportunities for the Artificial Intelligence in Transportation Market ?
  • What factors are affecting the Artificial Intelligence in Transportation Market growth?
  • Who are the key players of the Artificial Intelligence in Transportation Market ?
  • Which company held the largest share in the Artificial Intelligence in Transportation Market ?
  • What will be the CAGR of the Artificial Intelligence in Transportation Market during the forecast period?
  • What key trends are likely to emerge in the Artificial Intelligence in Transportation Market in the coming years?

Key offerings:

  • Artificial Intelligence in Transportation Market Share, Size, and Forecast by Revenue|2022-2029
  • Artificial Intelligence in Transportation Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Artificial Intelligence in Transportation Market Segmentation: A detailed analysis by Artificial Intelligence in Transportation Market
  • Landscape- Leading key players and other prominent key players.

About Maximize Artificial Intelligence in Transportation Market Research:

Maximize Artificial Intelligence in Transportation Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact Maximize Artificial Intelligence in Transportation Market Research:

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