Artificial Intelligence in Transportation Industry Is Moving Fast Here Is What You Need To Know

The artificial intelligence in transportation market is projected to grow at a CAGR of 17.87% from 2017 to 2030, and the market size is expected to grow from USD 1.21 Billion in 2017 to USD 10.30 Billion by 2030. The increasing government regulations for vehicle safety, growing adoption of advanced driver assistance systems (ADAS), and development of autonomous vehicles play a significant role in the growth of this market. Deep learning technology is estimated to be the largest and fastest growing segment of the artificial intelligence in transportation market, by machine learning technology. The deep learning technology is widely used in the development of autonomous vehicles, which need to see, think, drive, and learn. The last step is "learn," where deep learning will be critical for achieving fully autonomous vehicles.