According to TechSci Research, United Kingdom AI in transportation Market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027. The market growth can be attributed to increasing demand for the traffic regulations. Surge in the adoptions of the artificial intelligence and internet of things in the automotive and related services further drives the growth of the United Kingdom AI in transportation market in the upcoming five years. Increasing advancement in the technology incorporated in the automotive, surging investment in the development of these technologies further supports the growth of the United Kingdom AI in transportation market in the next five years.
Artificial intelligence has penetrated almost all sorts of technological product and increasing dependency over the technical prospects enhances the product value as well as making consumers’ issues sorted. The use of AI and IoT (Internet of Things) in automotive have revolutionized the automotive industry. AI has the potential to make traffic more efficient, ease traffic congestion, free driver’s time, make parking easier, and encourage car- and ridesharing.
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Advancements of Self-Driving Vehicles Promises Market
Emergence of the advanced technology in the automotive fuel the growth of the United Kingdom AI in transportation market in the upcoming five years. The digital technology plays a pivotal role in influencing consumers’ potential buyers of premium and executive vehicles. The added services of vehicle safety, traffic management, on-road vehicle modulation further substantiates the growth of the United Kingdom AI in transportation market in the next five years. Furthermore, rapid growth in vehicle data generation, unrestricted access to computing resources, and a substantial reduction in the cost of data storage gives potential to the already expanding market in the future years.
Road Accidents & High Traffic Problems Fuel Demands For Technology Adaption
Increasing instances of human mistakes while parking or other vehicular functions leads to increased cases of on road accidents. Also, with high population and growing sales of the passenger cars, personal vehicle, rising disposable income of the market adds to the growing traffic congestion on road. In the year 2021, more than 1.6 million units of automotive were sold in the United Kingdom.
Since the adaptation for advanced traffic management systems are a must in recent times, future holds great opportunities for the market players providing the services for AI in transportation thereby aiding the growth of the United Kingdom AI in transportation market in the future five years. The data thus collected during the traffic management also needs to be managed then further adding to the growth of the market.
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Market Segmentation
The United Kingdom AI in transportation market is segmented by machine learning technology, process, application, offering, computational landscape, and regional distribution. Based on machine learning technology, the market is further segmented into computer vision, context awareness, deep learning, and natural language processing. By process, the market is fragmented into data mining, image recognition, and signal recognition. Based on application, the market is bifurcated into autonomous trucks, HMI in trucks, and semi-autonomous trucks. By offering, the market is differentiated between hardware and software. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside.
Company Profile
Daimler AG, Robert Bosch GmbH, Intel Corporation, Continental AG, The Volvo Group, ZF Friedrichshafen AG, Magna International Inc., Valeo, Nvidia Corporation, Scania AB, among others is a partial list of major market players of the companies responsible for the growth of United Kingdom AI in transportation market.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, volume in units, and CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Machine Learning Technology
· Process · Application · Offering |
| Regional scope | London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire & Humberside |
| Key companies profiled | Daimler AG, Robert Bosch GmbH, Intel Corporation, Continental AG, The Volvo Group, ZF Friedrichshafen AG, Magna International Inc., Valeo, Nvidia Corporation, Scania AB |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, United Kingdom AI in transportation market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- United Kingdom AI in Transportation Market, By Machine Learning Technology:
- Computer Vision
- Context Awareness
- Deep Learning
- Natural Language Processing
- United Kingdom AI in Transportation Market, By Process:
- Data Mining
- Image Recognition
- Signal Recognition
- United Kingdom AI in Transportation Market, By Application:
- Autonomous Trucks
- HMI in Trucks
- Semi-Autonomous Trucks
- United Kingdom AI in Transportation Market, By Offering:
- Hardware
- Software
- United Kingdom AI in Transportation Market, By Region:
o London
o East Anglia
o Southwest
o Southeast
o Scotland
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in United Kingdom AI in transportation market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
About TechSci Research
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