United Kingdom AI in
transportation market is anticipated to register growth with an impressive CAGR
in the forecast period, 2023-2027. The market growth can be attributed to increasing
demand for the traffic regulations. Surge in the adoptions of the artificial
intelligence and internet of things in the automotives and related services
further drives the growth of the United Kingdom AI in transportation market in
the upcoming five years. Increasing advancement in the technology incorporated
in the automotives, surging investment in the development of these technologies
further supports the growth of the United Kingdom AI in transportation market
in the next five years.
Artificial intelligence has
penetrated almost all sorts of technological product and increasing dependency
over the technical prospects enhances the product value as well as making
consumers’ issues sorted. The use of AI and IoT (Internet of Things) in automotives have revolutionized the
automotive industry. AI has the potential to make traffic more efficient, ease
traffic congestion, free driver's time, make parking easier, and encourage car-
and ridesharing.
Advancements of Self-Driving
Vehicles Promises Market
Emergence of the advanced
technology in the automotives fuel the growth of the United Kingdom AI in
transportation market in the upcoming five years. The digital technology plays a pivotal role in
influencing consumers’ potential buyers of premium and executive vehicles. The
added services of vehicle safety, traffic management, on-road vehicle
modulation further substantiates the growth of the United Kingdom AI in
transportation market in the next five years. Furthermore, rapid growth in vehicle
data generation, unrestricted access to computing resources, and a substantial
reduction in the cost of data storage gives potential to the already expanding
market in the future years.
Road Accidents & High
Traffic Problems Fuel Demands For Technology Adaption
Increasing instances of human
mistakes while parking or other vehicular functions leads to increased cases of
on road accidents. Also, with high population and growing sales of the
passenger cars, personal vehicle, rising disposable income of the market adds
to the growing traffic congestion on road. In the year 2021, more than 1.6
million units of automotives were sold in the United Kingdom.
Since the adaptation for
advanced traffic management systems are a must in recent
times, future holds great opportunities for the market players providing the
services for AI in transportation thereby aiding the growth of the United
Kingdom AI in transportation market in the future five years. The data thus
collected during the traffic management also needs to be managed then further
adding to the growth of the market.
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Market Segmentation
The
United Kingdom AI in transportation market is segmented by machine learning
technology, process, application, offering, competitional landscape, and
regional distribution. Based
on machine learning technology, the market is further segmented into computer
vision, context awareness, deep learning, and natural language processing. By
process, the market is fragmented into data mining, image recognition, and signal recognition. Based on application, the
market is bifurcated into autonomous trucks, HMI in trucks, and semi-autonomous
trucks. By offering, the market is differentiated between hardware and
software. The market analysis also studies the regional segmentation to devise
regional market segmentation, divided among London, East Anglia, Southwest,
Southeast, Scotland, East Midlands, and Yorkshire & Humberside.
Company Profile
Daimler AG, Robert Bosch GmbH,
Intel Corporation, Continental AG, The Volvo Group, ZF Friedrichshafen AG,
Magna International Inc., Valeo, Nvidia Corporation, Scania AB, among others is a partial
list of major market players of the companies responsible for the growth of United
Kingdom AI in transportation market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, volume in units, and CAGR for 2017-2021
and 2022-2027
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Report coverage
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Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends
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Segments covered
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·
Machine Learning Technology
·
Process
·
Application
·
Offering
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Regional scope
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London, East Anglia, Southwest, Southeast, Scotland, East
Midlands, and Yorkshire & Humberside
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Key companies profiled
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Daimler AG, Robert Bosch GmbH, Intel
Corporation, Continental AG, The Volvo Group, ZF Friedrichshafen AG, Magna
International Inc., Valeo, Nvidia Corporation, Scania AB
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, United Kingdom AI in transportation market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- United Kingdom AI in Transportation
Market, By Machine Learning Technology:
- Computer Vision
- Context Awareness
- Deep Learning
- Natural Language Processing
- United Kingdom AI in Transportation
Market, By Process:
- Data Mining
- Image Recognition
- Signal Recognition
- United Kingdom AI in Transportation
Market, By Application:
- Autonomous Trucks
- HMI in Trucks
- Semi-Autonomous Trucks
- United Kingdom AI in Transportation
Market, By Offering:
- United Kingdom AI in Transportation
Market, By Region:
o London
o East Anglia
o Southwest
o Southeast
o Scotland
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom AI in transportation market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United Kingdom AI in Transportation Market is an upcoming report to be
released soon. If you wish an early delivery of this report or want to confirm
the date of release, please contact us at [email protected]