Artificial Intelligence in Transportation Market is estimated to be valued at US$ 6.51 Bn by 2031

UNITED STATES, July 18, 2024 /EINPresswire.com/ -- Global artificial intelligence in transportation market is estimated to be valued at US$ 2.11 Bn in 2024 and is expected to reach US$ 6.51 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 17.5% from 2024 to 2031.

"Artificial Intelligence in Transportation Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2031," a recently released report from Coherent Market Insights, provides an in-depth examination of the industry, including information on the Artificial Intelligence in Transportation market. Along with competition and geographical research, the report also covers recent developments in the industry.

Insightful analysis, figures, tables, charts, and a comprehensive table of contents are all included in this research. The market for Artificial Intelligence in Transportation has been rising sharply in the last several years due to multiple significant aspects, including rising product demand, a larger clientele, and developments in technology. The Artificial Intelligence in Transportation market is thoroughly investigated in this study, along with its size, trends, forces driving and limiting growth, competitive aspects, and potential for advancement.

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The market research study aims to learn as much as possible about the sector and its prospects for growth by conducting a thorough investigation. Consequently, the client possesses comprehensive knowledge of the market and business, covering past, present, and future elements, empowering them to make informed resource and financial investment decisions.

Scope of the Artificial Intelligence in Transportation Market:

It is projected that the global market for Artificial Intelligence in Transportation would grow significantly between 2024 and 2031. The market is anticipated to expand beyond the estimated horizon in 2021 due to the stable growth rate in 2021 and the increasing adoption of tactics by major players.

Major Players Operating in the Artificial Intelligence in Transportation Market:

Peloton, Paccar, Scania, Valeo, Xevo, ZF, Zonar, Nvidia Corporation, Siemens Mobility, NEC Corporation, Microsoft Corporation, IBM Corporation, Robert Bosch GmbH, Continental AG, Volvo Group

Artificial Intelligence in Transportation Market Segments:

By Offering
Hardware
Software
By Machine Learning Technology
Deep Learning
Computer Vision
Context Awareness
Natural Language Processing (NLP)
By Application
Autonomous Trucks
HMI in Trucks
Semi-Autonomous Trucks
Geographical Landscape of the Artificial Intelligence in Transportation market:

Information about the market is included in the Artificial Intelligence in Transportation Market research. The market is further broken down into countries/regions and sub-regions. This report's chapter on profit prospects is in addition to listing the market share in each nation and subregion.

North America (United States, Canada, and Mexico)

Europe (UK, Germany, France, Russia, and Italy)

Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)

South America (Brazil, Colombia, Argentina, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)

Along with a thorough analysis that includes initial interviews with rivals and industry stakeholders, secondary research, validation, and triangulation using the Worldwide Market Reports regional database, this report provides actionable growth insights. In order to gather both qualitative and quantitative insights, specialists maintain comprehensive primary records with industry experts and market participants along the value chain in all areas.

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Key Benefits for Stakeholders:

In order to pinpoint the most promising opportunities, the study provides a thorough analysis of the Artificial Intelligence in Transportation Market trends, projections, and size dynamics from 2024 to 2031.

Porter's five forces study emphasizes how suppliers and buyers may help stakeholders increase their network of suppliers and buyers and make lucrative business decisions.

Artificial Intelligence in Transportation Market opportunities can be found by utilizing in-depth research, market size, and market segmentation.

Based on their contribution to market revenue, the largest countries are mapped in each region.

An extensive examination of the leading rivals in the Artificial Intelligence in Transportation Market is given in the research report on the market.

Reasons to buy:

To create winning R&D strategies, gather strategically significant competition data, research, and insights.

Identify up-and-coming competitors who may have robust product lines, and develop powerful counter-arguments to obtain a competitive edge.

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Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

(LinkedIn: www.linkedin.com/in/alice-mutum-3b247b137 )

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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