Artificial Intelligence In Transportation Market Research Report
Artificial Intelligence In Transportation Market Research Report is expected to reach USD 6.23 Billion by 2026 from 1.2 Billion in 2016 at a CAGR of 17.92%. The factors such as growing demand for safety & security and increasing focus towards reducing the operating cost of transportation are responsible for the growth of the Artificial Intelligence Market Research Report for transportation.
The Artificial Intelligence In Transportation Market Research Report is segmented by machine learning technology, application, offering, process, and geographies. On the basis of machine learning technology the deep learning technology is widely used in autonomous segment to drive, see, think, analyze and to take decisions for the autonomous vehicles. By application the main focus of the Artificial Intelligence In Transportation Market Research Report is on making of the fully autonomous trucks. The companies such as Scania, Volvo, and Daimler are developing and testing the fully autonomous trucks having features such as image processing, self driving, speech recognition, and data analysis. The truck platooning is the considered to be the next emerging segment.
The North America is projected to be the largest market in Artificial Intelligence In Transportation. As of today, the key factors that restraint the growth of the Artificial Intelligence In Transportation Market Research Report are the high cost of artificial intelligence systems, infrastructure development cost and high cost of advanced feature such as adaptive cruise control, blind spot detection, lane assistance and collision warming system.
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