AI in Transportation Industry Report, Global Trends, Key Vendors Analysis, Company Profiles, Market Growth, Import & Export, Revenue by Forecast to 2027
Market Highlights The ongoing industry trend of truck platooning coupled with the growing applications of AI in railway cargo transportation is predicted to accelerate the revenue creation for the market participants over the next couple of years. However, security concerns associated with the handling of transportation data and the lack of supportive infrastructure for AI enabled vehicles remains a challenge to the market proliferation. The global AI in transportation market is predicted to touch USD 44,885.8 million by 2026 at an 17.5% CAGR over the forecast period (2020-2026), reveals the new Market Research Future (MRFR) report. AI has turned into a highly sought-after technology in the transportation industry. Today’s vehicles have AI-based driver assist features such as advanced cruise controls and self-parking. AI in transportation is predicted to offer reliable, efficient, and safe transportation while reducing the impact on communities and the environment. ...