According to Plunkett Research, the global transportation sector accounts for $4.8 trillion and rising, especially as new technology continues to propel its growth. Find out how transportation AI (artificial intelligence) is changing this market.
Transportation AI enables manufacturers to meet new industry-wide safety standards, incorporating features such as:
- Adaptive cruise control
- Collision warning
- Lane-keep assist
Further, these additional features help OEMs attract consumers who increasingly prefer convenience and safety.
As cited in Market Research, AI used to manufacture autonomous trucks is expected to witness the fastest growth in the market. In particular, autonomous trucks enable trucks to perform all driving functions on all road types, at all speeds and in all environmental situations.
While fully autonomous trucks have yet to enter the market, increasing focus on autonomy will help address:
- Accidents due to human failure
- Global shortage of truck drivers
Enhanced Deep Learning
Deep learning capabilities are also fueling artificial intelligence use in transportation. This is because deep learning can reveal significant insight into aspects including:
- Predictive analytics for public transportation
- Mobility services for transit planning
- Vehicle and passenger safety monitoring
- Vehicle telematics control
Yet while transportation AI is propelling the market forward, it’s important to keep in mind certain obstacles that may impact its growth:
- High costs associated with it
- Lack of infrastructure development
For more detail into how transportation AI is impacting the market, check out: