Artificial intelligence (AI) is being increasingly used across various industries to carry out complex tasks efficiently. AI is used in widespread applications in transportation sector ranging logistics and supply chain management to autonomous vehicles. AI helps to optimize routing and fleet management for logistics companies. Self-driving cars using computer vision and other AI techniques can revolutionize transportation. With vehicle and infrastructure data, AI models are being used for predictive maintenance of vehicles and infrastructure.
Market Dynamics:
Global artificial intelligence in transportation market growth is driven by rising demand for optimization of logistics and supply chain operations. AI-based fleet management and predictive analytics are helping companies to lower costs and improve efficiencies. Furthermore, development of AI techniques such as deep learning and their application in computer vision for autonomous vehicles can offer market growth opportunity. However, concerns around safety, data privacy, and the lack of regulations for self-driving vehicles can hamper its adoption. Lack of infrastructure in many countries to support autonomous technologies can also hamper the market growth. Rising trend of leveraging AI capabilities for predictive maintenance to achieve savings on transportation assets can offer market growth opportunities.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook