Artificial Intelligence in Transportation Market
The artificial intelligence in transportation market is valued at USD 1.00 Billion in 2016 and is projected to grow at a CAGR of 17.87% during the forecast period.
The artificial intelligence in transportation market is valued at USD 1.00 Billion in 2016 and is projected to grow at a CAGR of 17.87% during the forecast period.
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<strong>Artificial</strong> <strong>Intelligence</strong> <strong>in</strong> <strong>Transportation</strong> <strong>Market</strong> worth 10.30 Billion USD by 2030
The artificial <strong>in</strong>telligence <strong>in</strong> transportation market is valued at USD 1.00 billion <strong>in</strong> 2016<br />
and is projected to grow at a CAGR of 17.87% dur<strong>in</strong>g the forecast period. The base year<br />
considered for the study is 2016 and the forecast period is from 2017 to 2030. Grow<strong>in</strong>g<br />
demand for safety & security and <strong>in</strong>creas<strong>in</strong>g focus toward reduc<strong>in</strong>g the operat<strong>in</strong>g cost of<br />
transportation have triggered the growth of the artificial <strong>in</strong>telligence market for<br />
transportation.
Target audience of artificial <strong>in</strong>telligence <strong>in</strong> transportation market<br />
• <strong>Artificial</strong> <strong>in</strong>telligence hardware and software suppliers<br />
• Raw material manufacturers of artificial <strong>in</strong>telligence system components<br />
• Automotive OEMs<br />
• <strong>Artificial</strong> <strong>in</strong>telligence service/solution providers<br />
• Industry associations and connected vehicle systems manufacturers<br />
• Government’s national and regional environmental regulatory agencies or<br />
organizations<br />
• The automobile <strong>in</strong>dustry and related end-user <strong>in</strong>dustries<br />
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Scope Of The Report<br />
<strong>Artificial</strong> <strong>Intelligence</strong> <strong>in</strong> <strong>Transportation</strong> <strong>Market</strong>, By Application<br />
• Autonomous Trucks<br />
• HMI <strong>in</strong> Trucks<br />
• Semi-Autonomous Trucks<br />
<strong>Artificial</strong> <strong>Intelligence</strong> <strong>in</strong> <strong>Transportation</strong> <strong>Market</strong>, By Mach<strong>in</strong>e Learn<strong>in</strong>g Technology<br />
• Deep Learn<strong>in</strong>g<br />
• Computer Vision<br />
• Context Awareness<br />
• Natural Language Process<strong>in</strong>g
Key players<br />
The key software & Tier- I suppliers profiled <strong>in</strong> the report <strong>in</strong>clude Cont<strong>in</strong>ental AG<br />
(Germany), Bosch (Germany), Microsoft (US), and NVIDIA (US). These systems and<br />
technologies are supplied to automotive OEMs such as Volvo (Sweden), Daimler<br />
(Germany), Scania (Sweden), and others.<br />
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61260227
North America is estimated to be the lead<strong>in</strong>g market for artificial <strong>in</strong>telligence <strong>in</strong><br />
transportation.<br />
<strong>Transportation</strong> plays a significant role <strong>in</strong> the north American economy. Accord<strong>in</strong>g to<br />
American trucker association, there are 8.7 million truck-related jobs <strong>in</strong> the US, and the<br />
country still faces a shortage of truck drivers. Hence, major developments related to<br />
autonomous driv<strong>in</strong>g of trucks are tak<strong>in</strong>g place <strong>in</strong> this country. Additionally, <strong>in</strong>centives and<br />
high level of fund<strong>in</strong>g from the government plays a major role <strong>in</strong> the development of this<br />
technology. For <strong>in</strong>stance, <strong>in</strong> 2016, the US government spent USD 4.00 billion to accelerate<br />
the acceptance of autonomous vehicles on US roads. Also, the central north american<br />
trade corridor association is plann<strong>in</strong>g to develop a driverless truck corridor from mexico<br />
to manitoba. Also, the region is home to lead<strong>in</strong>g technology companies such as microsoft<br />
(US), <strong>in</strong>tel (US), and NVIDIA (US), which offer various AI technologies for vehicles <strong>in</strong><br />
partnership with oems. Therefore, the north american region has a great potential for the<br />
growth of the artificial <strong>in</strong>telligence <strong>in</strong> transportation market.
BROWSE 76 MARKET DATA TABLES AND 53 FIGURES SPREAD THROUGH 187 PAGES AND IN-<br />
DEPTH TOC ON "ARTIFICIAL INTELLIGENCE IN TRANSPORTATION MARKET BY MACHINE LEARNING<br />
(DEEP LEARNING, COMPUTER VISION, CONTEXT AWARENESS, NLP), APPLICATION (SEMI & FULL-<br />
AUTONOMOUS, HMI, PLATOONING), OFFERING (HARDWARE, SOFTWARE), PROCESS, AND<br />
REGION - GLOBAL FORECAST TO 2030"<br />
This study answers several questions for the stakeholders, primarily which market<br />
segments to focus on <strong>in</strong> the next two to five years to prioritize efforts and <strong>in</strong>vestments.<br />
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