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Global Artificial Intelligence in Transportation Market – Analysis and Forecast

<br>The global artificial intelligence in the transportation market is anticipated to grow from USD 1.47 billion in 2020 to USD 11.35 billion by 2027, growing at a CAGR of 19.5% during the forecast period 2021-2027. Artificial intelligence is the most sought-after technology globally, driving the growth of AI in the transportation market.

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Global Artificial Intelligence in Transportation Market – Analysis and Forecast

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  1. Global Artificial Intelligence in Transportation Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Artificial Intelligence in Transportation Market The global artificial intelligence in the transportation market is anticipated to grow from USD 1.47 billion in 2020 to USD 11.35 billion by 2027, growing at a CAGR of 19.5% during the forecast period 2021-2027. Artificial intelligence is the most sought-after technology globally, driving the growth of AI in the transportation market. Artificial intelligence is a computer-operated task that involves human intelligence for decision making. The global artificial intelligence in the transportation market is growing at a substantial rate due to the rising government regulation for vehicle safety and security and the growing implementation of enhanced driver assistance systems.

  4. Global Artificial Intelligence in Transportation Market The mandatory government regulation for vehicle safety and security, growing implementation of enhanced driver assistance systems, rising demand for traffic management, deployment of self-driving vehicles, optimizing the efficiency of transportation fleets, growing demand for better logistics in various industries and sectors, and increasing emphasis towards decreasing the operational and transportation costs are the primary growth drivers for artificial intelligence in the transportation market. Asia-Pacific is expected to witness the fastest growth in the market due to the rapidly growing population, increase in the sale of self-driving vehicles. In addition, robust economic growth, the shift of the unorganized third-party logistics sector to the organized sector, and the growing logistics and supply chain sector are also driving the growth of the Asia-Pacific artificial intelligence in the transportation market.

  5. Global Artificial Intelligence in Transportation Market Scania launched Propart. Autonomous vehicles and advanced driver assistance systems with robust and precise positioning to enable reliable operations. ZF launched Middleware for series vehicles, which will be available from 2024. The company’s growth is closely connected to the development of application software for mobility domains such as automated driving, integrated safety, vehicle motion control, and electric mobility. Volvo Group, Scania Group, Man SE, Daimler AG, PACCAR Inc., Magna, Robert Bosch GmbH, Continental AG, Valeo SA, Alphabet Inc, NVIDIA, Microsoft Corporation, ZF Friedrichshafen AG and Intel Corporation are the key players offering artificial intelligence in transportation.

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