PUBLISHER: TechNavio | PRODUCT CODE: 1774431
PUBLISHER: TechNavio | PRODUCT CODE: 1774431
The ai in transportation market is forecasted to grow by USD 5,458.7 mn during 2024-2029, accelerating at a CAGR of 19.4% during the forecast period. The report on the ai in transportation market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing emphasis on safety and reduction of traffic accidents, government initiatives and investments in smart city infrastructure, and demand for operational efficiency and cost reduction in logistics and freight.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 18.2% |
CAGR | 19.4% |
Incremental Value | $5,458.7 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's ai in transportation market is segmented as below:
By Component
By Application
By Technology
By Geographical Landscape
This study identifies the proliferation of generative ai across transportation applications as one of the prime reasons driving the ai in transportation market growth during the next few years. Also, shift towards ai-powered edge computing and growing focus on ai for sustainable transportation and decarbonization will lead to sizable demand in the market.
The report on the ai in transportation market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ai in transportation market vendors that include AB Volvo, Alphabet Inc., Aurora Innovation Inc., Continental AG, Intel Corp., International Business Machines Corp., Magna International Inc., Microsoft Corp., NVIDIA Corp., PACCAR Inc., Robert Bosch GmbH, Scania AB, Tesla Inc., Toyota Motor Corp., Valeo SA, Waymo LLC, and ZF Friedrichshafen AG. Also, the ai in transportation market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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