Automotive Market Revenue, Trends, Growth, Technologies, CAGR Artificial Intelligence in Transportation Market | Página 6

North America is estimated to be the leading market for artificial intelligence in transportation. Transportation plays a significant role in the north American economy. According to American trucker association, there are 8.7 million truck-related jobs in the US, and the country still faces a shortage of truck drivers. Hence, major developments related to autonomous driving of trucks are taking place in this country. Additionally, incentives and high level of funding from the government plays a major role in the development of this technology. For instance, in 2016, the US government spent USD 4.00 billion to accelerate the acceptance of autonomous vehicles on US roads. Also, the central north american trade corridor association is planning to develop a driverless truck corridor from mexico to manitoba. Also, the region is home to leading technology companies such as microsoft (US), intel (US), and NVIDIA (US), which offer various AI technologies for vehicles in partnership with oems. Therefore, the north american region has a great potential for the growth of the artificial intelligence in transportation market.