PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1604519
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1604519
The AI in the urban planning market is forecasted to witness a growth of CAGR of 20.12%, to reach US$51.450 billion by 2029, from US$20.576 billion in 2024.
AI in urban planning is the utilization of artificial intelligence or AI-based technology to counter and manage multiple challenges and possibilities in optimum urban development and administration. This market includes a wide spectrum of AI-based solutions, tools, and services aimed at improving the efficiency, sustainability, and livability of urban areas. In the urban planning market, the use of AI offers multiple benefits to developers worldwide, as it helps in optimizing and integrating various types of mobility solutions and enhances energy distribution across the area.
Some key aspects of using AI-based tools in urban planning include efficient data analysis and predictive modeling, smart infrastructure planning, and traffic management and mobility solutions. The AI algorithms proficiently analyze massive amounts of data, which can help in detecting patterns, trends, and correlations anticipated in future urban landscapes. These include predictions about increased population, rising transportation congestion, and growing housing demand.
Artificial intelligence also offers key applications in smart infrastructure design, as it can be used to optimize infrastructural layouts while improving resource allocation and increasing the administrative system's efficiency. Similarly, various types of AI-based tools and systems can also be installed across urban locations to improve the overall flow of the city. For instance, an AI-based traffic management solution can track the regular traffic flow, detect congestion, and reroute the traffic flow to alternate routes. Such technologies can also help to build intelligent transportation systems, such as self-driving cars and ride-sharing platforms, which improve infrastructure efficiency and resilience.
AI in the urban planning market drivers
A major factor boosting the global AI in the urban planning market growth is estimated to be the rapidly increasing urbanization worldwide. In recent years, the globe has witnessed massive growth in its total urban population. This rise in population necessitates the need for effective urban planning solutions, which can address various key challenges like transportation, housing, infrastructure, and sustainability challenges.
The World Bank, in its report, stated that the total urban population worldwide witnessed a massive increase in the past few years. The organization stated that in 2021, the total urban population of the globe was recorded at about 4.45 billion, which increased to about 4.52 billion in 2022. In 2023, this figure reached 4.6 billion, accounting for about 57% of the total global population.
Among various products available in the market, Blackshark.ai SYNTH3D is a 3D model of the planet's surface created using 2D satellite and aerial images. It contains topography elevation, buildings, plant coverage, and infrastructure, depicting each nation, city, structure, and detail in a region-specific, geo-typical manner, with data streamed from blackshark.ai servers and turned into a realistic scene at runtime. Rapid urbanization poses both difficulties and possibilities for urban planners, and AI technologies provide novel answers to complicated urban development concerns and produce more sustainable, livable cities in the future.
AI in the urban planning market geographical outlook
North America, particularly the United States, is a hotbed of technological innovation and AI development, with major IT businesses such as Urbanistai, Autodesk, and TLM, Inc. actively creating AI solutions for industries such as urban planning. North American governments are expanding their investments in smart city programs and urban development initiatives that use AI and data analytics to improve infrastructure, transportation systems, and public services. Hence, the region is anticipated to hold a significant share of AI in the urban planning industry. However, real market dynamics might differ depending on regional legislation, economic situations, and technology improvements.
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