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

Key Developments

• In April 2024, Motive, a fleet management technology supplier, announced a range of new AI products, including AI Omnivision, the first and only general-purpose computer vision platform for physical operations. This technology provides customers across various industries such as waste services, construction, transportation, and others with unprecedented visibility into their operations.
• In February 2024, the S. Department of Transportation launched an initiative to empower American small businesses by leveraging Artificial Intelligence (AI) advancements in transportation. This multi-phase effort aims to develop robust decision-support tools for state, local, and tribal transportation agencies, enhancing their strategic planning, design, and implementation of Complete Streets, which prioritize safety, comfort, and accessibility for all users.
• In October 2023, Microsoft and Siemens announced a strategic partnership to accelerate the adoption of Artificial Intelligence (AI) across multiple industries, including transportation. This partnership aims to leverage Microsoft Azure AI services to empower Siemens' transportation and other industry clients in leveraging AI to optimize operations and enhance sustainability.
• In July 2023, Amazon Web Services (AWS), Meta, Microsoft, and TomTom joined forces to establish the Overture Maps Foundation, which launched its initial open map dataset. This comprehensive dataset includes detailed road network information, essential for companies developing autonomous vehicles and other transportation services.
• In October 2022, Seeing Machines, an advanced computer vision technology company that develops AI-powered operator monitoring systems to enhance transportation safety, signed an exclusive collaboration agreement with Magna International. The collaboration aims to co-market driver and occupant monitoring systems targeting the vehicle's interior rearview mirror.
• In April 2020, Advanced Micro Devices (AMD) formed a strategic alliance with Oxide Games, a video game developer, to co-develop graphics technologies tailored to the cloud gaming market. The partnership aimed to create robust tools and techniques that could effectively handle the real-time demands of cloud-based gaming.