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The global artificial intelligence in transportation market has experienced remarkable growth, surging from $2.6 billion in 2022 to $3.1 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 19.4%. Major players in the market are actively focusing on technological advancements and innovations to strengthen their market positions in this rapidly evolving industry. North America was the largest region in the artificial intelligence in transportation market in 2022, while Asia-Pacific is expected to be the fastest-growing region in the forecast period. Growing demand for autonomous vehicles is expected to propel the growth of artificial intelligence in the transportation market going forward.
