Overview
About this firm
According to a report published by Spherical Insights & Consulting, the global AI transportation market is expected to grow from USD $2.12 billion in 2023 to USD $10.25 billion by 2033, at a CAGR of 17.07%. And, according to Electro IQ, by 2030, AI tech will mean 15% of all new cars are fully autonomous. Yet, as AI transport technology rapidly advances, consumers are increasingly worried about safety. A 2023 American Automobile Association survey found that 68% of those canvassed were afraid of AVs, up from 55% in 2022. This study will consider how AI is affecting transport safety. We’ll look at its benefits to safety, and measure how justifiable safety worries are around self-driving vehicles, including taxi services. And we’ll consider the financial implications of the autonomous vehicles market. Let’s first consider some broad autonomous vehicle factors in the United States. AI and Autonomous Vehicles AI technology in cars and autonomous vehicles is a growing factor. Such is the rapid advance and deployment of autonomous technology that a 2025 ElectroiQ study suggest 38% of cars on the U.S. automobile market now feature some level of vehicle autonomy. And this development means plenty of gains in both safety and cost savings. In the latter case, for example, machine-learning-led AI programs can help plan routes and save fuel with optimum efficiency, saving up to 15% on costs, and between 10-15% on carbon emissions.
