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Edition: 8; Released: January 2022
Executive Pool: 133779
Companies: 233 – Players covered include Alphabet Inc. (Google Inc.); Bosch; Continental AG; Daimler AG; Friedrichshafen AG; Intel Corporation; Magna; MAN SE; Microsoft Corporation; NVIDIA Corporation; PACCAR Inc.; Scania Group; Volvo Group; ZF and Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Hardware); Process (Signal Recognition, Object Recognition, Data Mining); Application (Semi-Autonomous Trucks, Autonomous Trucks, HMI in Trucks)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Artificial Intelligence (AI) in Transportation Market to Reach $5 Billion by 2026
Amid the COVID-19 crisis, the global market for Artificial Intelligence (AI) in Transportation estimated at US$1.9 Billion, is projected to reach a revised size of US$5 Billion by 2026, growing at a CAGR of 17.5% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 18% CAGR and reach US$3.9 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hardware segment is readjusted to a revised 16.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $672.9 Million in 2021, While China is Forecast to Reach $873.6 Million by 2026
The Artificial Intelligence (AI) in Transportation market in the U.S. is estimated at US$672.9 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$873.6 Million by the year 2026 trailing a CAGR of 16.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.5% and 15.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR. More
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About Global Industry Analysts, Inc. & StrategyR™
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