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Artificial Intelligence In Transportation Market - Forecast(2024 - 2030)

Report Code: AM 39316 Report Format: PDF + Excel

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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. Artificial Intelligence In Transportation Market - Overview
        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

15.1 Market Share, Company Revenue, Products, M&A, Developments

15.2 Alphabet

15.3 Bosch

15.4 Continental

15.5 Daimler

15.6 Intel

15.7 Magna

15.8 Man

15.9 Microsoft

15.10 Nauto

15.11 Nvidia

15.12 Paccar

15.13 Peloton

15.14 Scania

15.15 Valeo

15.16 Volvo

15.17 Xevo

15.18 ZF

15.19 Zonar

15.20 Company 19

15.21 Company 20 & More

*Financials would be provided on a best efforts basis for private companies

16. Artificial Intelligence In Transportation Market - Appendix
        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 2019-2024 ($M)
1.1 Computer Vision Market 2019-2024 ($M) - Global Industry Research
1.1.1 By Offering Market 2019-2024 ($M)
1.2 Context Awareness Market 2019-2024 ($M) - Global Industry Research
1.2.1 By Offering Market 2019-2024 ($M)
1.3 Deep Learning Market 2019-2024 ($M) - Global Industry Research
1.3.1 By Offering Market 2019-2024 ($M)
1.4 Natural Language Processing Market 2019-2024 ($M) - Global Industry Research
1.4.1 By Offering Market 2019-2024 ($M)
2.Global Artificial Intelligence Transportation Market By Process Market 2019-2024 ($M)
2.1 Data Mining Market 2019-2024 ($M) - Global Industry Research
2.2 Image Recognition Market 2019-2024 ($M) - Global Industry Research
2.3 Signal Recognition Market 2019-2024 ($M) - Global Industry Research
3.Global Artificial Intelligence Transportation Market By Machine Learning Technology Market 2019-2024 (Volume/Units)
3.1 Computer Vision Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 By Offering Market 2019-2024 (Volume/Units)
3.2 Context Awareness Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 By Offering Market 2019-2024 (Volume/Units)
3.3 Deep Learning Market 2019-2024 (Volume/Units) - Global Industry Research
3.3.1 By Offering Market 2019-2024 (Volume/Units)
3.4 Natural Language Processing Market 2019-2024 (Volume/Units) - Global Industry Research
3.4.1 By Offering Market 2019-2024 (Volume/Units)
4.Global Artificial Intelligence Transportation Market By Process Market 2019-2024 (Volume/Units)
4.1 Data Mining Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Image Recognition Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Signal Recognition Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Artificial Intelligence Transportation Market By Machine Learning Technology Market 2019-2024 ($M)
5.1 Computer Vision Market 2019-2024 ($M) - Regional Industry Research
5.1.1 By Offering Market 2019-2024 ($M)
5.2 Context Awareness Market 2019-2024 ($M) - Regional Industry Research
5.2.1 By Offering Market 2019-2024 ($M)
5.3 Deep Learning Market 2019-2024 ($M) - Regional Industry Research
5.3.1 By Offering Market 2019-2024 ($M)
5.4 Natural Language Processing Market 2019-2024 ($M) - Regional Industry Research
5.4.1 By Offering Market 2019-2024 ($M)
6.North America Artificial Intelligence Transportation Market By Process Market 2019-2024 ($M)
6.1 Data Mining Market 2019-2024 ($M) - Regional Industry Research
6.2 Image Recognition Market 2019-2024 ($M) - Regional Industry Research
6.3 Signal Recognition Market 2019-2024 ($M) - Regional Industry Research
7.South America Artificial Intelligence Transportation Market By Machine Learning Technology Market 2019-2024 ($M)
7.1 Computer Vision Market 2019-2024 ($M) - Regional Industry Research
7.1.1 By Offering Market 2019-2024 ($M)
7.2 Context Awareness Market 2019-2024 ($M) - Regional Industry Research
7.2.1 By Offering Market 2019-2024 ($M)
7.3 Deep Learning Market 2019-2024 ($M) - Regional Industry Research
7.3.1 By Offering Market 2019-2024 ($M)
7.4 Natural Language Processing Market 2019-2024 ($M) - Regional Industry Research
7.4.1 By Offering Market 2019-2024 ($M)
8.South America Artificial Intelligence Transportation Market By Process Market 2019-2024 ($M)
8.1 Data Mining Market 2019-2024 ($M) - Regional Industry Research
8.2 Image Recognition Market 2019-2024 ($M) - Regional Industry Research
8.3 Signal Recognition Market 2019-2024 ($M) - Regional Industry Research
9.Europe Artificial Intelligence Transportation Market By Machine Learning Technology Market 2019-2024 ($M)
9.1 Computer Vision Market 2019-2024 ($M) - Regional Industry Research
9.1.1 By Offering Market 2019-2024 ($M)
9.2 Context Awareness Market 2019-2024 ($M) - Regional Industry Research
9.2.1 By Offering Market 2019-2024 ($M)
9.3 Deep Learning Market 2019-2024 ($M) - Regional Industry Research
9.3.1 By Offering Market 2019-2024 ($M)
9.4 Natural Language Processing Market 2019-2024 ($M) - Regional Industry Research
9.4.1 By Offering Market 2019-2024 ($M)
10.Europe Artificial Intelligence Transportation Market By Process Market 2019-2024 ($M)
10.1 Data Mining Market 2019-2024 ($M) - Regional Industry Research
10.2 Image Recognition Market 2019-2024 ($M) - Regional Industry Research
10.3 Signal Recognition Market 2019-2024 ($M) - Regional Industry Research
11.APAC Artificial Intelligence Transportation Market By Machine Learning Technology Market 2019-2024 ($M)
11.1 Computer Vision Market 2019-2024 ($M) - Regional Industry Research
11.1.1 By Offering Market 2019-2024 ($M)
11.2 Context Awareness Market 2019-2024 ($M) - Regional Industry Research
11.2.1 By Offering Market 2019-2024 ($M)
11.3 Deep Learning Market 2019-2024 ($M) - Regional Industry Research
11.3.1 By Offering Market 2019-2024 ($M)
11.4 Natural Language Processing Market 2019-2024 ($M) - Regional Industry Research
11.4.1 By Offering Market 2019-2024 ($M)
12.APAC Artificial Intelligence Transportation Market By Process Market 2019-2024 ($M)
12.1 Data Mining Market 2019-2024 ($M) - Regional Industry Research
12.2 Image Recognition Market 2019-2024 ($M) - Regional Industry Research
12.3 Signal Recognition Market 2019-2024 ($M) - Regional Industry Research
13.MENA Artificial Intelligence Transportation Market By Machine Learning Technology Market 2019-2024 ($M)
13.1 Computer Vision Market 2019-2024 ($M) - Regional Industry Research
13.1.1 By Offering Market 2019-2024 ($M)
13.2 Context Awareness Market 2019-2024 ($M) - Regional Industry Research
13.2.1 By Offering Market 2019-2024 ($M)
13.3 Deep Learning Market 2019-2024 ($M) - Regional Industry Research
13.3.1 By Offering Market 2019-2024 ($M)
13.4 Natural Language Processing Market 2019-2024 ($M) - Regional Industry Research
13.4.1 By Offering Market 2019-2024 ($M)
14.MENA Artificial Intelligence Transportation Market By Process Market 2019-2024 ($M)
14.1 Data Mining Market 2019-2024 ($M) - Regional Industry Research
14.2 Image Recognition Market 2019-2024 ($M) - Regional Industry Research
14.3 Signal Recognition Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
2.Canada Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
3.Mexico Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
4.Brazil Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
5.Argentina Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
6.Peru Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
7.Colombia Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
8.Chile Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
9.Rest of South America Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
10.UK Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
11.Germany Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
12.France Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
13.Italy Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
14.Spain Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
15.Rest of Europe Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
16.China Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
17.India Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
18.Japan Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
19.South Korea Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($M)
20.South Africa Artificial Intelligence In Transportation Market Revenue, 2019-2024 ($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)

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