TMCnet News

Robot Cars And Trucks Market: Increasing Production Of Vehicles And Rising Demand For Automation Of Transportation Services
[August 17, 2017]

Robot Cars And Trucks Market: Increasing Production Of Vehicles And Rising Demand For Automation Of Transportation Services


Robot cars and trucks are vehicles, which can automatically sense the environment and navigate accordingly without any human inputs. Such vehicles require GPS, odometry, computer vision, radar and laser light among other components to function automatically.



Increasing production of vehicles and rising demand for automation of transportation services is a major driving factor for the robot cars and trucks market. Rising incidents of road accidents due to human errors is another influential factor to the robot cars and trucks market. The application of robot cars and trucks is expected to find immense importance in major industry verticals such as transportation and logistics, industrial and commercial among others. The usage of such automated vehicles is expected to reduce the transportation cost and time, increase the efficiency and reduce the road accident levels. Robot cars and trucks will have an integrated programmed software along with central processors, which will perform automatically as per the algorithms or data installed by the manufacturer or the user. The process will also include the automatic control of brake, steering systems, engine and other automotive systems.

Browse The Report: http://www.transparencymarketresearch.com/robot-cars-trucks-market.html The robot cars and trucks market can be classified by vehicle type, by classification, by technology and by geography. The vehicle type segment can be classified into heavy commercial vehicles, light commercial vehicles and passenger vehicles. By classification, the market can be segregated as level 0, level 1, level 2, level 3, level 4 and level 5. By technology, the market can be bifurcated into simultaneous localization and mapping (SLAM), real-time locating system (RTLS) and others. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.


In the robot cars and trucks market, Asia Pacific is expected to hold the largest market share in terms of revenue followed by Europe, North America, Latin America and, Middle East and Africa (MEA). In the Asia Pacific region, countries such as China and India has been witnessing heavy demand and production for passenger vehicles. Japan and China are set to be the early adopters of robot cars and trucks in the Asia Pacific region. In Europe, Germany is the most significant market and is expected to be the largest contributor to the robot cars and trucks market in the region because of the presence of major automobile manufactures in Germany. In North America, the U.S. is expected to be the largest market for robot cars and trucks. The U.S. is the second largest manufacturer of automobiles in the world. The growth rate of robot cars and trucks market in Latin America, and Middle East and Africa is expected to be low considering the less usage and production of vehicles in the aforementioned regions. However, with the growth in the automotive sector, increasing automation of transport services and investments in automobile companies of Latin America and Middle East and Africa, the market for robot cars and trucks is expected to improve in the coming years.

The report also provides company market share analysis of the various industry participants. Acquisition is the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable and stronger than before. Key players in the global robot cars and trucks market have been profiled and their company overview, financial overview, business strategies and recent developments have been covered in the report. Major market participants profiled in this report include: Ford, BMW AG, Fuji, Google Inc., General Motors, Mercedes Benz, Porsche AG, Nissan Motor Company Ltd., Tesla Motors Inc., Volkswagen Group and Toyota Motor Corporation among others.

Make an Enquiry @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=28703 The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

About Us Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations U.S. Office Transparency Market Research 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: www.transparencymarketresearch.com

As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments.


[ Back To TMCnet.com's Homepage ]