Press release

Artificial Intelligence in Transportation Market by Machine Learning Tech. (Deep Learning, Computer Vision, Context Awareness, and Natural Language Processing) 2020-2027

 

 
Artificial intelligence is a computer-operated task that involves human intelligence such as decision making. The market is growing at a significant rate due to mounting government regulation for vehicle safety and security. The market has witnessed high growth for data mining in the past few years due to mounting requirement for prognostic maintenance in the transportation industry. Moreover, the artificial intelligence in transportation market is expected to register a significant growth rate over the forecast period.

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Major Market Players:
ZF Friedrichshafen AG, Robert Bosch GmbH, Continental AG, Valeo SA, Tesla, NVIDIA Corporation, Intel Corporation, Microsoft Corporation, Alphabet Inc, and Qlik Technologies Inc

Regions covered
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

Advancement of autonomous vehicle and truck platooning is expected to boost the growth to the market during the forecast period. Moreover, high cost of artificial intelligence systems and infrastructure costs are the major challenges for the growth of the market. Furthermore, capacity problems, safety, reliability, environmental pollution, and wasted energy provide lucrative opportunities for AI innovation.

Application
• Autonomous Trucks
• HMI in Trucks
• Semi-Autonomous Trucks

Machine Learning Tech.
• Deep Learning
• Computer Vision
• Context Awareness
• Natural Language Processing

Process
• Signal Recognition
• Object Recognition
• Data Mining

AI is a key technology for autonomous driving systems as it is enables reliable and real-time recognition of objects around a vehicle. Currently, there are several investments specifically for the optimization of self-driving technology by major Original Equipment Manufacturers (OEM). Moreover, implementation of safety features, such as adaptive cruise control, Advanced Driver Assistance System (ADAS), collision warning, and lane-keep assist, also facilitates the growth of the artificial intelligence in transportation market.

Key benefits of the report:
• This study presents the analytical depiction of the artificial intelligence in transportation market along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the artificial intelligence in transportation market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.

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COVID-19 scenario analysis:
• Artificial Intelligence (AI) has played a significant role in the fight against COVID-19. Many vaccinations in the process of developing are being tested and better understood by AI.
• A drug that has been developed to fight other diseases could now be repurposed to treat coronavirus patients.
• AI helps many scientists to check patterns of vaccine with the virus as any vaccination has to pass numerous standard tests through AI before human trials.
• AI helps to better understand the structure of coronavirus. Therefore, this helps countries to cognize the spread of deadly viruses and to implement measures to curb the spread.

Name: David Correa
Email: Send Email
Organization: Allied Market Research
Address: 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States
Phone: 1-800-792-5285
Website: https://www.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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