Artificial Intelligence in Transportation Market size was valued at USD 3.25 Bn. in 2023
Artificial Intelligence in Transportation Market Overview:
This Artificial Intelligence in Transportation market study looks at current and emerging industry trends and dynamics in the global Artificial Intelligence in Transportation market. Artificial Intelligence in Transportation Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Artificial Intelligence in Transportation market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Artificial Intelligence in Transportation market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Artificial Intelligence in Transportation market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Artificial Intelligence in Transportation market environment. Increased demand for Artificial Intelligence in Transportation is driving the market. The Artificial Intelligence in Transportation market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
According to the application, Precision Mapping held a 26% market share in 2023 and is predicted to continue to hold a dominant position during the projected period. Artificial Intelligence plays a significant part in transportation. Precision lowers costs and boosts efficiency, which enhances the whole transit experience. High-precision maps of roads and highways—such as those used by autonomous vehicles for navigation—are produced by artificial intelligence.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
1. Continental (Hanover, Germany)
2. Volvo
3. ZF
4. Zonar
5. Tier-I Suppliers
6. Daimler (Stuttgart, Germany)
7. Scania
8. Microsoft
9. Paccar
10. Man
11. Bosch
12. NVIDIA
13. Valeo
14. Peloton
15. Xevo
16. Software Suppliers
17. Start-Up’s Bosch
18. Intel
19. Alphabet
20. Magna
21. Nauto
22. IBM Corporation
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Artificial Intelligence in Transportation market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Artificial Intelligence in Transportation Market:
The COVID-19 epidemic has had a significant impact on the global Artificial Intelligence in Transportation industry. Artificial Intelligence in Transportation Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Artificial Intelligence in Transportation market to decelerate in 2020. The negative impact of COVID-19 on the Artificial Intelligence in Transportation market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Artificial Intelligence in Transportation.
Key Questions Answered in the Artificial Intelligence in Transportation Market Report are:
- Which segment was responsible for the largest share in the Artificial Intelligence in Transportation market?
- How was the competitive scenario of the Artificial Intelligence in Transportation market in 2023?
- Which are the key factors responsible for the Artificial Intelligence in Transportation market growth?
- Which region held the maximum share in the Artificial Intelligence in Transportation market in 2023?
