Artificial Intelligence In Transportation Market - Forecast(2024 - 2030)
Overview
Global Artificial Intelligence in Transportation Market size is forecast to reach $3,870 million by 2025, estimated to grow at a CAGR of 15.8% during 2020-2025. The rapid use of machine learning technology for product innovation such as self-driving cars, parking and lane-change assists, and smart energy systems are highly fueling the AI in transportation market. Furthermore, the growing need for advanced transportation planning, driver behavior, data management, traffic signaling and so on are surging the growth of the market. These significant factors are therefore, fueling the growth of AI in transportation market during the forecast period 2020-2025.
Report Coverage
The report: “AI in Transportation Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the AI in Transportation Market.
By Type: Machine Learning Technology (Computer Vision, Context Awareness, Deep Learning, Natural Language Processing); By Process (Data Mining, Image Recognition, Signal Recognition).
By Application Type: Autonomous Trucks, HMI Trucks and Semi-Autonomous Trucks
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina, Ecuador, Peru, Colombia, Costa Rica and others), Europe(Germany, UK, France, Italy, Spain, Russia, Netherlands, Denmark and Others), APAC(China, Japan India, South Korea, Australia, Taiwan, Malaysia and Others), and RoW (Middle east and Africa)
Key Takeaways
- In 2019, the AI in transportation market was dominated by North America owing to the development in the US logistics and transportation industry which has raised the demand for autonomous trucks.
- The increasing use of technology for traffic management has led to the need for AI in order to analyze and predict large amount of voluminous traffic details which will thus surge the AI in transportation market.
- The rising demand for self-driving vehicles such as autonomous trucks for enhancing the logistics industry are significantly fueling the need for AI in transportation market.
- The high operational cost for the integration of artificial intelligence components and parts in the vehicles are highly hindering the growth of the market.
Application - Segment Analysis
Autonomous Trucks held the largest market share in the AI in Transportation market in 2019. The growing development in the trucking industry are further enhancing the demand for autonomous trucks. In addition, the growth of logistics industry in the US for the transportation of goods are driving the need for autonomous trucks. It is also estimated that more than 65% of the goods are transported through trucks globally which is thus surging the growth of this application.. The deployment of autonomous trucks will also result in lowering the maintenance and administration expenses to about 45%. These key factors will thus drive the demand for artificial intelligence in transportation industry thus, providing flawless self-driving and safety to the passenger.
Geography - Segment Analysis
In 2019, North America dominated the AI in Transportation market with a share of more than 45%, followed by Europe and APAC. The use of automated cars and the growing integration of self-driving vehicles onto the US roadways are highly accelerating the growth of the market in this region. Furthermore, the US transportation and logistics industry is highly driving the spread of AI-based self-driving trucks for reduced operational costs which is fostering the growth of the market in North America.
Drivers – AI in Transportation Market
- Growth of Traffic Management
Most of the cities are using advanced technologies for robust traffic management that include the sensors and cameras integrated everywhere on the road. These devices carry huge amount of data about the traffic details that requires enhanced analysis. Thus, the data collected is sent to the cloud where data is analyzed and revealed with the help of AI-powered system. Thus, the growing need to analyze and predict the data collected through enhanced traffic management will further propel the AI in transportation market.
- Deployment of Self-driving Vehicles
The rising demand for self-driving vehicles or autonomous vehicles has enhanced the transportation sector which is further driving the AI in transportation market. Moreover, the increasing deployment of autonomous vehicles for public transportation with low cost services will further boost the integration of AI technology. Therefore, the rising need to provide public safety and low cost transportation will lead to enhance the AI technology in transportation market.
Challenges – AI in Transportation Market
- Operating and Integrating Cost
The AI-based systems are majorly cloud-based which requires expensive bandwidth in order to provide power to the system. Also, as this is a new technology solution which requires enhanced training and skills which incurs high cost. These significant challenges leads to high operating cost of AI while using in transportation. Furthermore, the AI-operated machines include network of individual processers, relays, and other components which require time-to-time maintenance and replacement, and huge amount of energy to operate which leads to high cost of operation. These challenges highly impacts the growth of the artificial intelligence in transportation market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the AI in Transportation market. In 2019, the market of AI in Transportation has been consolidated by the major players – Alphabet Inc, Robert Bosch Gmbh, Continental AG, Daimler AG, Intel Corporation, Magna International, Microsoft Corporation, Nauto, Nvidia and Volvo Group
Acquisitions/Technology Launches
- In July 2020, Microsoft China announced strategic partnership with Human Horizons, an innovative mobility company for jointly developing an on-board AI assistant, HiPhiGo, for Human Horizons’ premium smart all-electric vehicles, HiPhi. HiPhi1. The production of the first product of the HiPhi brand will end by 2020, and deliveries will start by 2021.
- In December 2019, Nvidia and DiDi Chuxing (DiDi), amongst the world’s leading mobile transportation platform provider announced that DiDi leveraged Nvidia GPUs and AI technology for developing autonomous driving and cloud computing solutions.
1.1 Definitions and Scope
2. Artificial Intelligence In Transportation Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Artificial Intelligence In Transportation Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Artificial Intelligence In Transportation Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Artificial Intelligence In Transportation Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Artificial Intelligence In Transportation Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Artificial Intelligence In Transportation Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Artificial Intelligence In Transportation Market - By Product Type(Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
9. Artificial Intelligence In Transportation Market - By Type(Market Size -$Million / $Billion)
9.1 Artificial Intelligence Transportation Market By Machine Learning Technology
9.1.1 Computer Vision
9.1.2 Context Awareness
9.1.3 Deep Learning
9.1.4 Natural Language Processing
9.2 Artificial Intelligence Transportation Market By Process
9.2.1 Data Mining
9.2.2 Image Recognition
9.2.3 Signal Recognition
10. Artificial Intelligence In Transportation - By Application Type(Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.3.1 Autonomous Trucks
10.3.1.1 By Process
10.3.1.2 By Machine Learning Technology
10.3.2 HMI Trucks
10.3.2.1 By Process
10.3.2.2 By Machine Learning Technology
10.3.3 Semi-Autonomous Trucks
10.3.3.1 By Process
10.3.3.2 By Machine Learning Technology
11. Artificial Intelligence In Transportation- By Geography (Market Size -$Million / $Billion)
11.1 Artificial Intelligence In Transportation Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Artificial Intelligence In Transportation- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Artificial Intelligence In Transportation- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Artificial Intelligence In Transportation - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Artificial Intelligence In Transportation - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Artificial Intelligence In Transportation Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Artificial Intelligence In Transportation Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Artificial Intelligence In Transportation Market - Key Company List by Country Premium
15. Artificial Intelligence In Transportation Market Company Analysis
16.1 Abbreviations
16.2 Sources
17. Artificial Intelligence In Transportation Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Artificial Intelligence Transportation Market By Machine Learning Technology Market 2023-2030 ($M)1.1 Computer Vision Market 2023-2030 ($M) - Global Industry Research
1.1.1 By Offering Market 2023-2030 ($M)
1.2 Context Awareness Market 2023-2030 ($M) - Global Industry Research
1.2.1 By Offering Market 2023-2030 ($M)
1.3 Deep Learning Market 2023-2030 ($M) - Global Industry Research
1.3.1 By Offering Market 2023-2030 ($M)
1.4 Natural Language Processing Market 2023-2030 ($M) - Global Industry Research
1.4.1 By Offering Market 2023-2030 ($M)
2.Global Artificial Intelligence Transportation Market By Process Market 2023-2030 ($M)
2.1 Data Mining Market 2023-2030 ($M) - Global Industry Research
2.2 Image Recognition Market 2023-2030 ($M) - Global Industry Research
2.3 Signal Recognition Market 2023-2030 ($M) - Global Industry Research
3.Global Artificial Intelligence Transportation Market By Machine Learning Technology Market 2023-2030 (Volume/Units)
3.1 Computer Vision Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 By Offering Market 2023-2030 (Volume/Units)
3.2 Context Awareness Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 By Offering Market 2023-2030 (Volume/Units)
3.3 Deep Learning Market 2023-2030 (Volume/Units) - Global Industry Research
3.3.1 By Offering Market 2023-2030 (Volume/Units)
3.4 Natural Language Processing Market 2023-2030 (Volume/Units) - Global Industry Research
3.4.1 By Offering Market 2023-2030 (Volume/Units)
4.Global Artificial Intelligence Transportation Market By Process Market 2023-2030 (Volume/Units)
4.1 Data Mining Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Image Recognition Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Signal Recognition Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Artificial Intelligence Transportation Market By Machine Learning Technology Market 2023-2030 ($M)
5.1 Computer Vision Market 2023-2030 ($M) - Regional Industry Research
5.1.1 By Offering Market 2023-2030 ($M)
5.2 Context Awareness Market 2023-2030 ($M) - Regional Industry Research
5.2.1 By Offering Market 2023-2030 ($M)
5.3 Deep Learning Market 2023-2030 ($M) - Regional Industry Research
5.3.1 By Offering Market 2023-2030 ($M)
5.4 Natural Language Processing Market 2023-2030 ($M) - Regional Industry Research
5.4.1 By Offering Market 2023-2030 ($M)
6.North America Artificial Intelligence Transportation Market By Process Market 2023-2030 ($M)
6.1 Data Mining Market 2023-2030 ($M) - Regional Industry Research
6.2 Image Recognition Market 2023-2030 ($M) - Regional Industry Research
6.3 Signal Recognition Market 2023-2030 ($M) - Regional Industry Research
7.South America Artificial Intelligence Transportation Market By Machine Learning Technology Market 2023-2030 ($M)
7.1 Computer Vision Market 2023-2030 ($M) - Regional Industry Research
7.1.1 By Offering Market 2023-2030 ($M)
7.2 Context Awareness Market 2023-2030 ($M) - Regional Industry Research
7.2.1 By Offering Market 2023-2030 ($M)
7.3 Deep Learning Market 2023-2030 ($M) - Regional Industry Research
7.3.1 By Offering Market 2023-2030 ($M)
7.4 Natural Language Processing Market 2023-2030 ($M) - Regional Industry Research
7.4.1 By Offering Market 2023-2030 ($M)
8.South America Artificial Intelligence Transportation Market By Process Market 2023-2030 ($M)
8.1 Data Mining Market 2023-2030 ($M) - Regional Industry Research
8.2 Image Recognition Market 2023-2030 ($M) - Regional Industry Research
8.3 Signal Recognition Market 2023-2030 ($M) - Regional Industry Research
9.Europe Artificial Intelligence Transportation Market By Machine Learning Technology Market 2023-2030 ($M)
9.1 Computer Vision Market 2023-2030 ($M) - Regional Industry Research
9.1.1 By Offering Market 2023-2030 ($M)
9.2 Context Awareness Market 2023-2030 ($M) - Regional Industry Research
9.2.1 By Offering Market 2023-2030 ($M)
9.3 Deep Learning Market 2023-2030 ($M) - Regional Industry Research
9.3.1 By Offering Market 2023-2030 ($M)
9.4 Natural Language Processing Market 2023-2030 ($M) - Regional Industry Research
9.4.1 By Offering Market 2023-2030 ($M)
10.Europe Artificial Intelligence Transportation Market By Process Market 2023-2030 ($M)
10.1 Data Mining Market 2023-2030 ($M) - Regional Industry Research
10.2 Image Recognition Market 2023-2030 ($M) - Regional Industry Research
10.3 Signal Recognition Market 2023-2030 ($M) - Regional Industry Research
11.APAC Artificial Intelligence Transportation Market By Machine Learning Technology Market 2023-2030 ($M)
11.1 Computer Vision Market 2023-2030 ($M) - Regional Industry Research
11.1.1 By Offering Market 2023-2030 ($M)
11.2 Context Awareness Market 2023-2030 ($M) - Regional Industry Research
11.2.1 By Offering Market 2023-2030 ($M)
11.3 Deep Learning Market 2023-2030 ($M) - Regional Industry Research
11.3.1 By Offering Market 2023-2030 ($M)
11.4 Natural Language Processing Market 2023-2030 ($M) - Regional Industry Research
11.4.1 By Offering Market 2023-2030 ($M)
12.APAC Artificial Intelligence Transportation Market By Process Market 2023-2030 ($M)
12.1 Data Mining Market 2023-2030 ($M) - Regional Industry Research
12.2 Image Recognition Market 2023-2030 ($M) - Regional Industry Research
12.3 Signal Recognition Market 2023-2030 ($M) - Regional Industry Research
13.MENA Artificial Intelligence Transportation Market By Machine Learning Technology Market 2023-2030 ($M)
13.1 Computer Vision Market 2023-2030 ($M) - Regional Industry Research
13.1.1 By Offering Market 2023-2030 ($M)
13.2 Context Awareness Market 2023-2030 ($M) - Regional Industry Research
13.2.1 By Offering Market 2023-2030 ($M)
13.3 Deep Learning Market 2023-2030 ($M) - Regional Industry Research
13.3.1 By Offering Market 2023-2030 ($M)
13.4 Natural Language Processing Market 2023-2030 ($M) - Regional Industry Research
13.4.1 By Offering Market 2023-2030 ($M)
14.MENA Artificial Intelligence Transportation Market By Process Market 2023-2030 ($M)
14.1 Data Mining Market 2023-2030 ($M) - Regional Industry Research
14.2 Image Recognition Market 2023-2030 ($M) - Regional Industry Research
14.3 Signal Recognition Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)2.Canada Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
3.Mexico Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
4.Brazil Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
5.Argentina Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
6.Peru Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
7.Colombia Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
8.Chile Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
9.Rest of South America Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
10.UK Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
11.Germany Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
12.France Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
13.Italy Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
14.Spain Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
15.Rest of Europe Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
16.China Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
17.India Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
18.Japan Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
19.South Korea Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
20.South Africa Artificial Intelligence In Transportation Market Revenue, 2023-2030 ($M)
21.North America Artificial Intelligence In Transportation By Application
22.South America Artificial Intelligence In Transportation By Application
23.Europe Artificial Intelligence In Transportation By Application
24.APAC Artificial Intelligence In Transportation By Application
25.MENA Artificial Intelligence In Transportation By Application
26.Original Equipment Manufacturers, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Tier-I Suppliers, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Software Suppliers, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Start-Ups, Sales /Revenue, 2015-2018 ($Mn/$Bn)