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Artificial Intelligence in Transportation Market: From Research to Real-World Applications

Submitted by Vaishnavi on Fri, 05/19/2023 - 01:56

One of the most sought-after market reports regarding in-depth analysis of the global Artificial Intelligence in Transportation Market is the most recent report from Emergen Research, titled "Global Artificial Intelligence in Transportation Market - Forecast to year 2028". The report's authors gave the required details regarding the most recent trends in the Artificial Intelligence in Transportation market as well as significant factors that have a long- and short-term impact on the market's growth. Through a thorough industry picture, it offers essential insights into the estimated Artificial Intelligence in Transportation market size, revenue share, sales network, and distribution. With the aid of these beneficial market insights, readers will be able to explain the important outcomes of this sector in the near future. The Artificial Intelligence in Transportation market research gives a clear explanation of the current trends as well as a variety of growth possibilities, major drivers, restrictions, obstacles, and other important factors.

The global Artificial Intelligence in transportation market size is expected to reach USD 7,065.1 Million in 2028 and register a robust CAGR over the forecast period, according to latest analysis by Emergen Research. Steady revenue growth of the Artificial Intelligence in transportation market can be attributed to rising demand for safety and security in transportation and logistics and increasing deployment of more advanced traffic management solutions. Artificial Intelligence (AI) in transportation is used to gather traffic data to decrease traffic congestion and enhance public transport scheduling. AI helps in streamlining traffic patterns through real-time tracking and intelligent traffic light algorithms, thereby enabling smooth traffic flow, which significantly improves various aspects in transportation. Besides, AI helps in decreasing fuel consumption and exhaust emissions, which would otherwise be higher in a normal setting as a result of numerous vehicles moving slowly during a traffic jam or congestion.

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Leading Players Profiled in the Report:

Daimler AG, Continental AG, Robert Bosch GmbH, VOLVO, PACCAR Inc., Magna International Inc., ZF Friedrichshafen AG, Scania AB, Valeo, and MAN SE

The extensive Artificial Intelligence in Transportation market segmentation, which covers the whole range of product types, applications, end-user industry landscapes, major geographic regions, and leading market competitors, is one of the report's main features. The study includes unbiased industry experts' predictions for revenue creation throughout the anticipated time as well as their opinions on the current market situation, historical market performance, production and consumption rates, demand and supply ratio, and other topics. The research precisely assesses the financial positions of the leading players, as well as their gross profits, sales volumes, sales revenue, production expenses, and other financial criteria. Our researchers' team has also used a number of analytical methodologies, including investment evaluation, SWOT analysis, and Porter's Five Forces Analysis, to examine the production and distribution capacities of the Key Word market participants.

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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In addition, the analytical data are presented in a well-organized format in the form of charts, tables, graphs, figures, and diagrams in the report. This makes it easier for readers to comprehend the market scenario in a beneficial way. In addition, the report aims to provide a forward-looking perspective and an instructive conclusion to assist the reader in making profitable business decisions. The report concludes with a comprehensive SWOT and Porter's Five Forces analysis of the segments anticipated to dominate the market, regional bifurcation, estimated market size and share, and more.

On the basis of type, the market is segmented into

Process Outlook (Revenue, USD Million; 2021–2028)
Signal Recognition
Object Recognition
Data Mining
Learning Technology Outlook (Revenue, USD Million; 2021–2028)
Deep Learning
Context Awareness
Computer Vision
Natural Language Processing
Application Outlook (Revenue, USD Million; 2021–2028)
Autonomous Trucks
HMI Trucks
Semi-autonomous Trucks
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