DUBLIN--(BUSINESS WIRE)--The "Artificial Intelligence in Transportation Market - Global Forecast to 2030" report has been added to Research and Markets' offering.
The artificial intelligence in transportation market is projected to grow at a CAGR of 17.87% during the forecast period, and the market size is expected to grow from USD 1.21 billion in 2017 to USD 10.3 billion by 2030.
The development of autonomous vehicles and industry-wide standards to implement safety features such as the adaptive cruise control (ACC), collision warning, lane-keep assist, and advanced driver assistance systems (ADAS) would drive the growth of the artificial intelligence in transportation market. Also, the growing demand for convenience and safety has created an opportunity for OEMs to develop new and innovative artificial intelligence systems that would attract customers. At the same time, the high cost of artificial intelligence systems and lack of infrastructure development have been major obstacles to the growth of the artificial intelligence in transportation market.
The development of autonomous trucks is considered the key focus of the artificial intelligence technology in the transportation industry. In a fully autonomous truck, the system performs all driving functions on all road types, at all speed ranges and environmental situations. While fully autonomous trucks have not yet entered the market, several companies are planning to develop them in the near future. The increasing concern for road accidents caused due to human error and a global shortage of truck drivers have accentuated the need for autonomous trucks.
- Software Suppliers
- Tier-I Suppliers
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Technological Overview
7 Artificial Intelligence in Transportation Market, By Machine Learning Technology
8 Artificial Intelligence in Transportation Market, By Process
9 Artificial Intelligence in Transportation Market, By Application
10 Truck Platooning Market for Artificial Intelligence, By Region
11 Artificial Intelligence in Transportation Market, By Offering
12 Artificial Intelligence in Transportation Market, By Region
13 Competitive Landscape
14 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/jscn8b/artificial