ARTIFICIAL INTELLIGENCE IN TRANSPORTATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Market Concentration and Competitive Landscape

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Improving Mobility options with AI-enabled sharing services

Growing popularity of mobility-on-demand services like ridesharing and vehicle leasing has boosted adoption of AI technologies in transportation. These shared mobility services offer flexibility and affordability, thus, providing easy access to transportation when needed without getting private vehicle ownership. Startups and tech companies are leveraging AI to optimize shared fleets, facility demand-responsive operations and improve customer experience. By using predictive algorithms, autonomous vehicles can be dispatched efficiently based on short-term usage patterns. AI is also enhancing routing and navigation, thus, managing vehicle repositioning and payment settlements seamlessly.

This transition to shared platform-based models is fundamentally reshaping consumer transportation behaviour. It helps to address mobility needs of millennials who prefer access over ownership. These on-demand services also cater l to high-density urban developments which incentivize reduced private vehicle usage. As AI makes such services even more personalized, affordable and scalable, their popularity as an alternative to private transportation increases. This compel more traditional operators to incorporate new automated technologies and business approaches to stay relevant in a rapidly evolving marketplace.

• Peloton
• Paccar
• Scania
• Valeo
• Xevo
• ZF
• Zonar
• Nvidia Corporation
• Siemens Mobility
• NEC Corporation
• Microsoft Corporation
• IBM Corporation
• Robert Bosch GmbH
• Continental AG
• Volvo Group