Kenneth Research

Kenneth Research published a report titled “AI in Transportation Market: Global Demand Analysis & Opportunity Outlook 2033”which delivers detailed overview of the global AI in transportation market in terms of market segmentation by application, offering, process, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global AI in transportation market is estimated to grow at a CAGR of ~23 % over the forecast period, i.e., 2022-2031. The market is segmented by application into semi-autonomous trucks, HMI in trucks, and autonomous trucks. Out of these, the autonomous trucks segment is anticipated to hold the largest share over the forecast period owing to the development in the trucking industry.

Increasing Drink and Drive Cases to Drive the Growth of the Market

Trucks are used for the transportation of more than 60 per cent of the goods across the globe

There has been an increase in the number of drink and drive cases across the globe that can be reduced with the help of artificial intelligence. Moreover, the AI algorithms send alerts when there is a risk of vehicle colliding with any another vehicle. Hence, it is expected to surge the growth of the global AI in transportation market.

However, lack of awareness among people, high cost of the operations, and requirement of large amount of energy for consumption are expected to operate as key restraint to the growth of global AI in transportation market over the forecast period.

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Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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