AI in Transportation Market Analysis

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Global AI in Transportation Market to be
Propelled by Rising Demand for Autonomous
Vehicles by CAGR of 23 During 2023
2033 Kenneth Research published a report titled
AI in Transportation Market Global Demand
Analysis Opportunity Outlook 2033 which
delivers detailed overview of the global AI in
transportation market in terms of market
segmentation by application, offering, process,
and by region. Further, for the in-depth
analysis, the report encompasses the industry
growth indicators, restraints, supply and demand
risk, along with detailed discussion on current
and future market trends that are associated with
the growth of the market.
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The global AI in transportation market is
estimated to grow at a CAGR of 23 over the
forecast period, i.e., 2022-2031. The market is
segmented by application into semi-autonomous
trucks, HMI in trucks, and autonomous trucks.
Out of these, the autonomous trucks segment is
anticipated to hold the largest share over the
forecast period owing to the development in the
trucking industry. Rising demand for autonomous
vehicles is anticipated to increase the growth
of the global AI in transportation market.
Moreover, surging development of artificial
intelligence is further expected to rise the
growth of the market. For more descriptions_at_https
//www.kennethresearch.com/report-
details/ai-in-transportation-market/10154290 Geogr
aphically, the global AI in transportation market
is segmented into five major regions including
North America, Europe, Asia Pacific, Latin
America and Middle East Africa region. Out of
them, the market in the North America region is
projected to hold the largest market share by the
end of 2033 on the back of rising demand and use
of automated cars. Moreover, increasing need for
transportation industry to reduce the operational
cost, and fuel consumption. The research is
global in nature and covers detailed analysis on
the market in North America (U.S., Canada),
Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands Luxembourg,
NORDIC Finland, Sweden, Norway, Denmark,
Poland, Turkey, Russia, Rest of Europe), Latin
America (Brazil, Mexico, Argentina, Rest of Latin
America), Asia-Pacific (China, India, Japan,
South Korea, Indonesia, Singapore, Malaysia,
Australia, New Zealand, Rest of Asia-Pacific),
Middle East and Africa (Israel, GCC Saudi
Arabia, UAE, Bahrain, Kuwait, Qatar, Oman, North
Africa,
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South Africa, Rest of Middle East and Africa). In
addition, analysis comprising market size, Y-O-Y
growth opportunity analysis, market players
competitive study, investment opportunities,
demand for future outlook etc. has also been
covered and displayed in the research
report. Increasing Drink and Drive Cases to Drive
the Growth of the Market Trucks are used for the
transportation of more than 60 per cent of the
goods across the globe There has been an
increase in the number of drink and drive cases
across the globe that can be reduced with the
help of artificial intelligence. Moreover, the
AI algorithms send alerts when there is a risk of
vehicle colliding with any another vehicle.
Hence, it is expected to surge the growth of the
global AI in transportation market. However,
lack of awareness among people, high cost of the
operations, and requirement of large amount of
energy for consumption are expected to operate
as key restraint to the growth of global AI in
transportation market over the forecast
period. This report also provides the existing
competitive scenario of some of the key players
of the global AI in transportation market which
includes company profiling of AB Volvo, IBM
Corporation, Microsoft Corporation, Intel
Corporation, Xevo Inc., Robert Bosch GmbH,
Alphabet Inc., NVIDIA Corporation, Peloton
Technology, Scania CV AB, and others. The
profiling enfolds key information of the
companies which encompasses business overview,
products and services, key financials and recent
news and developments. On the whole, the report
depicts detailed overview of the
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global AI in transportation market that will help
industry consultants, equipment manufacturers,
existing players searching for expansion
opportunities, new players searching
possibilities and other stakeholders to align
their market centric strategies according to the
ongoing and expected trends in the
future. Request Report Sample_at_ https//www.kenneth
research.com/sample- request-10154290 Kenneth
Research is a leading service provider for
strategic market research and consulting. We aim
to provide unbiased, unparalleled market insights
and industry analysis to help industries,
conglomerates and executives to take wise
decisions for their future marketing strategy,
expansion and investment etc. We believe every
business can expand to its new horizon, provided
a right guidance at a right time is available
through strategic minds. Our out of box thinking
helps our clients to take wise decision in order
to avoid future uncertainties. Contact for more
Info AJ Daniel Email sales_at_kennethresearch.com
U.S. Phone [phone]