Artificial Intelligence in Transportation Market Analysis, Trends, Insights, Size and Forecast to 2025
Brand Essence Market Research has recently developed a report on the ‘Artificial Intelligence in Transportation market’ which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report also enlightens users regarding the foremost challenges and existing growth tactics implemented by the leading organizations that constitute the dynamic competitive gamut of this industry.
Global Artificial Intelligence in Transportation Market valued approximately USD 1.2 billion in 2017 is anticipated to grow with a healthy growth rate of more than 18% over the forecast period 2018-2025.
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The growth of the Artificial Intelligence in Transportation market is majorly driven by the development of autonomous vehicles and increasing focus towards reducing the operating cost of transportation. Major developments in Market are related to software. Companies such as IBM and Alphabet Inc. are investing heavily in Artificial Intelligence software, which is benefiting the market of the category. Furthermore, the declining prices of hardware will increase the share of the software category in the market by 2025.
The detailed segments and sub-segment of the market are explained below:
By Machine Learning Technology:
o Computer Vision
o Context Awareness
o Deep Learning
o Natural Language processing
By Process:
o Data Mining
o Image Recognition
o Signal Recognition
By Application:
o Autonomous Trucks
o HMI in Trucks
o Semi-Autonomous Truck
By Offering:
o Hardware
o Software
Some of the leading market players include
Volvo, Daimler, Scania, Paccar, Continental, Magna, Bosch, ZF, Nvidia, Intel, Microsoft and so on.
Target Audience of the Global Artificial Intelligence in Transportation Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
o Investors
Full report : https://brandessenceresearch.biz/Automotive-and-Transport/Artificial-Intelligence-in-Transportation-Market/Summary
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