Categories: Transport & Logistics

Artificial Intelligence in Transportation Market Size, Growth

The AI in Transportation Global Market Report 2023, provides comprehensive information on the AI in transportation market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/ai-in-transportation-global-market-report

As per The Business Research Company’s AI in Transportation Global Market Report 2023, the global AI in transportation market size is expected to grow from $2.72 billion in 2022 to $3.25 billion in 2023 at a compound annual growth rate (CAGR) of 19.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global AI in transportation market size is expected to reach $6.3 billion in 2027 at a CAGR of 18.2%.

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Technological advancements are a key trend gaining popularity in the AI in transportation market. Major companies operating in the AI in transportation market are adopting new technologies to sustain their position in the market. For instance, in March 2023, Alibaba Cloud, a Singapore-based provider of cloud computing services, launched EasyDispatch, an AI-driven logistics solution. It is uniquely designed with an Al-powered real-time service dispatch solution that improves supply chain management while reducing logistics costs. It provides high-accuracy address processing capability and field service dispatch capabilities. The solution provides high performance, stability, and high-speed access from any location.

The AI in transportation market is segmented:

1) By Components: Hardware, Software

2) By Process: Signal Recognition, Object Recognition, Data Mining

3) By Technology Type: Natural Language Processing, Deep Learning, Computer Vision, Context-Awareness

4) By Application: Semi-Autonomous Truck, Truck Platooning, Predictive Maintenance, Precision And Mapping, Autonomous Truck, Machine Human Interface, Other Applications

North America was the largest region in the AI in transportation market in 2022.

The table of contents in TBRC’s AI in transportation market report includes:

Executive Summary
AI in Transportation Market Characteristics
AI in Transportation Market Trends And Strategies
AI in Transportation Market – Macro Economic Scenario
AI in Transportation Market Size And Growth

Africa AI in Transportation Market
AI in Transportation Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The AI in Transportation Market
AI in Transportation Market Future Outlook and Potential Analysis
Appendix

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