Acumen research and consulting estimates that the global artificial intelligence in transportation market is anticipated to reach market size of around US$ 5,000 Mn by 2027 and is anticipated to grow at a CAGR of around 15% in terms of revenue during the forecast period 2020 – 2027.
Artificial intelligence is a computerized process that requires the taking of decisions by human intelligence. The global artificial intelligence market for transportation has grown substantially as vehicle safety and security regulations have been mounted by the government, and improved driver support systems have been implemented. The artificial intelligence in transport market size was supported by different processes. Due to the requirement for mounting prognostic maintenance in the transport industry, the market has shown a high demand for data mining in the near future.
Market Insights
Consolidation and the increasing number of partnerships among the players in the transport market are the key trend seen in the AI. In February 2018, for example, NVIDIA and Continental announced that they were working in partnership to create self-driving AI system for level 3 based on the NVIDIA DRIVE platform. In addition, Scania entered into a technological collaboration this month with Haylion Technologies to develop electrified, automated and linked mobility systems for public transport. The growth of AI in the transport sector is driven by the production of autonomous vehicles. And is the only technology that allows the accurate and real-time identification of vehicle artifacts, AI is essential for autonomous driving systems. There are significant investment currently being made by major vehicle original equipment manufacturers ( OEMs) in the automotive industry , particularly to optimize the self-driving technology. Tesla Inc., for example, unveiled a sleek semi-autonomous electric truck in November 2017. Therefore, the development of self-supporting vehicles integrated with intelligent characteristics will in the long term drive global market growth.
Deep learning has been the most significant segment of all machine learning technology and will grow at the most rapid rate on the market, as it is widely used in promoting self-sufficient automobiles which demand seeing, continuing to drive, think and learn. Due to the demands on mounting maintenance in the transportation sector, the mounting impact of artificial intelligence on safety of automobiles and infotainment and the demand for additional image data and signals that should be managed and analysed. The data mining sector should grow at the fastest speed on the market. Moreover, the signal recognition sector has represented the biggest share of the market, as signals are being gradually used in various safety applications in the form of text, gestures, mapping, tracking etc.
North America, for its high government funding, is locally the biggest artificial intelligence on the transport market. Furthermore, leading technology companies in the region, a shortage of truck drivers and rigorous government road safety regulations facilitate the development of the North American market. Moreover, Asia-Pacific is seen as the fastest market growth due to the increasing population. Furthermore, the growth in the Asia Pacific artificial intelligence transport market is steadily increasing through solid economic growth and the move from an unorganized logistics sector to an organized sector as well as a growed logistics and supply chain sector.
Key Players
Major players included in this report are Scania Group, Volvo Group, Man SE, Daimler AG, Magna, PACCAR Inc., Robert Bosch GmbH, Continental AG, Alphabet Inc, Microsoft Corporation, NVIDIA, ZF Friedrichshafen AG, Intel Corporation, and others. Key players in the transport market for artificial intelligence are responding to demand through collaboration and acquisition with small players and investment in advanced technology vehicles throughout the globe. In February 2018, NVIDIA collaborated on the NVIDIA DRIVE platform with Continental to build AI self-driving systems with plans to bring the vehicle onto the market in 2021.
The global artificial intelligence in transportation market is segmented as below:
Market Segmentation
Artificial Intelligence in Transportation Market By Offering
Hardware
Software
Artificial Intelligence in Transportation Market By Machine Learning Technology
Deep Learning
Computer Vision
Context Awareness
NLP
Artificial Intelligence in Transportation Market By Process
Data Mining
Image Recognition
Signal Recognition
Artificial Intelligence in Transportation Market By Application
Semi & Full-Autonomous
HMI
Platooning
Artificial Intelligence in Transportation Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Artificial Intelligence in Transportation
1.1. Definition and Scope
1.1.1. Definition of Artificial Intelligence in Transportation
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Artificial Intelligence in Transportation Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Artificial Intelligence in Transportation Market By Offering
1.2.3. Artificial Intelligence in Transportation Market By Machine Learning Process
1.2.4. Artificial Intelligence in Transportation Market By Process
1.2.5. Artificial Intelligence in Transportation Market By Application
1.2.6. Artificial Intelligence in Transportation Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Artificial Intelligence in Transportation Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Artificial Intelligence in Transportation Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2019
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Artificial Intelligence in Transportation Market By Offering
4.1. Introduction
4.2. Artificial Intelligence in Transportation Revenue By Offering
4.2.1. Artificial Intelligence in Transportation Revenue (US$ Mn) and Forecast, By Offering, 2016-2027
4.2.2. Hardware
4.2.2.1. Hardware Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Software
4.2.3.1. Software Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Artificial Intelligence in Transportation Market Revenue By Machine Learning Process
5.1. Introduction
5.2. Artificial Intelligence in Transportation Revenue (US$ Mn) By Machine Learning Process
5.2.1. Artificial Intelligence in Transportation Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
5.2.2. Deep Learning
5.2.2.1. Deep Learning Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Computer Vision
5.2.3.1. Computer Vision Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Context Awareness
5.2.4.1. Context Awareness Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. NLP
5.2.5.1. NLP Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Artificial Intelligence in Transportation Market By Process
6.1. Introduction
6.2. Artificial Intelligence in Transportation Revenue (US$ Mn) By Process
6.2.1. Artificial Intelligence in Transportation Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
6.2.2. Data Mining
6.2.2.1. Data Mining Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Image Recognition
6.2.3.1. Image Recognition
6.2.4. Signal Recognition
6.2.4.1. Ultraviolet-visible spectroscopy Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Artificial Intelligence in Transportation Market By Application
7.1. Introduction
7.2. Artificial Intelligence in Transportation Revenue (US$) By Application
7.2.1. Artificial Intelligence in Transportation Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
7.3. Semi & Full-Autonomous
7.3.1. Semi & Full-Autonomous Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.4. HMI
7.4.1. HMI Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.5. Platooning
7.5.1. Platooning Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Artificial Intelligence in Transportation Market By Country
8.1. North America Artificial Intelligence in Transportation Overview
8.2. U.S.
8.2.1. U.S. Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
8.2.2. U.S. Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016-2027
8.2.3. U.S. Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016-2027
8.2.4. U.S. Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3. Canada
8.3.1. Canada Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
8.3.2. Canada Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016-2027
8.3.3. Canada Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016-2027
8.3.4. Canada Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Artificial Intelligence in Transportation Market By Country
9.1. Europe Artificial Intelligence in Transportation Market Overview
9.2. U.K.
9.2.1. U.K. Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.2.2. U.K. Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016-2027
9.2.3. U.K. Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016-2027
9.2.4. U.K. Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3. Germany
9.3.1. Germany Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.3.2. Germany Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016-2027
9.3.3. Germany Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016-2027
9.3.4. Germany Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4. France
9.4.1. France Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.4.2. France Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016-2027
9.4.3. France Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016-2027
9.4.4. France Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5. Spain
9.5.1. Spain Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.5.2. Spain Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016-2027
9.5.3. Spain Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016-2027
9.5.4. Spain Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016-2027
9.6.2. Rest of Europe Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016-2027
9.6.3. Rest of Europe Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016-2027
9.6.4. Rest of Europe Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Artificial Intelligence in Transportation Market By Country
10.1. Asia Pacific Artificial Intelligence in Transportation Market Overview
10.2. China
10.2.1. China Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.2.2. China Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
10.2.3. China Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
10.2.4. China Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3. Japan
10.3.1. Japan Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.3.2. Japan Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
10.3.3. Japan Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
10.3.4. Japan Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4. India
10.4.1. India Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.4.2. India Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
10.4.3. India Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
10.4.4. India Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5. Australia
10.5.1. Australia Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.5.2. Australia Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
10.5.3. Australia Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
10.5.4. Australia Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.6.2. South Korea Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
10.6.3. South Korea Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
10.6.4. South Korea Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
10.7.2. Rest of Asia-Pacific Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
10.7.3. Rest of Asia-Pacific Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
10.7.4. Rest of Asia-Pacific Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Artificial Intelligence in Transportation Market By Country
11.1. Latin America Artificial Intelligence in Transportation Market Overview
11.2. Brazil
11.2.1. Brazil Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.2.2. Brazil Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
11.2.3. Brazil Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
11.2.4. Brazil Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.3.2. Mexico Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
11.3.3. Mexico Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
11.3.4. Mexico Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
11.4.2. Rest of Latin America Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
11.4.3. Rest of Latin America Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
11.4.4. Rest of Latin America Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 12. Middle East & Africa Artificial Intelligence in Transportation Market By Country
12.1. Middle East & Africa Artificial Intelligence in Transportation Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.2.2. Saudi Arabia Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
12.2.3. Saudi Arabia Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
12.2.4. Saudi Arabia Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3. UAE
12.3.1. UAE Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.3.2. UAE Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
12.3.3. UAE Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
12.3.4. UAE Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Offering, 2016 - 2027
12.4.2. Rest of Middle East & Africa Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Machine Learning Process, 2016 - 2027
12.4.3. Rest of Middle East & Africa Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Process, 2016 - 2027
12.4.4. Rest of Middle East & Africa Artificial Intelligence in Transportation Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
CHAPTER 13. PLAYER ANALYSIS OF STROKE MANAGEMENT
13.1. Artificial Intelligence in Transportation Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Artificial Intelligence in Transportation Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Scania Group
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Scania Group 2019 Artificial Intelligence in Transportation Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Volvo Group
14.3. Man SE
14.4. Daimler AG
14.5. Magna
14.6. PACCAR Inc.
14.7. Robert Bosch GmbH
14.8. Continental AG
14.9. Alphabet Inc
14.10. Microsoft Corporation
14.11. NVIDIA
14.12. ZF Friedrichshafen AG
14.13. Intel Corporation
14.14. Others
