What is AI in transportation?

AI in transportation refers to the integration of artificial intelligence technologies such as machine learning, computer vision, and natural language processing into various aspects of transportation systems to enhance efficiency, safety, and sustainability.

How big is AI in Transportation Market?

The Global AI in Transportation Market size is expected to be worth around USD 21.4 Billion by 2033, from USD 3.6 Billion in 2023, growing at a CAGR of 19.5% during the forecast period from 2024 to 2033.

Who are the prominent players operating in the artificial intelligence (AI) in transportation market?

Alphabet Inc., NVIDIA Corporation, IBM Corporation, Intel Corporation, Microsoft Corporation, Aptiv PLC, Volvo Group, Siemens AG, Robert Bosch GmbH, Hitachi Ltd., Continental AG, ZF Friedrichshafen AG, Other Key Players

Which are the driving factors of the artificial intelligence (AI) in transportation market?

The driving factors of the artificial intelligence (AI) in transportation market include the need for improved efficiency, safety, and sustainability, alongside advancements in AI technologies and increasing investments in smart transportation infrastructure.

Which region will lead the global artificial intelligence (AI) in transportation market?

In 2023, North America held a dominant market position in the AI in transportation sector, capturing more than a 36.5% share of the global market.

AI in Transportation Market Size, Share

Global AI in Transportation Market By Component (Hardware, Software, Services), By Technology (Machine Learning, Computer Vision, Natural Language Processing, Other Technologies), By Application (Traffic Management, Autonomous Vehicles, Predictive Maintenance, Supply Chain Management, Other Applications), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

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