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Steering Robot Trends and Forecast
The future of the global steering robot market looks promising with opportunities in the testing and automation driving markets. The global steering robot market is expected to reach an estimated $105.5 million by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are increasing automotive R&D and engineering, rising focus on vehicular safety regulations, and growing integration of test equipment with steering robots.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Steering Robot by Segment
The study includes a forecast for the global steering robot by type, application, and region.
Steering Robot Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Cars
• Buses
• Trucks
Steering Robot Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Testing
• Automation Driving
• Others
Steering Robot Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Steering Robot Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steering robot companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steering robot companies profiled in this report include-
• 4a technology
• AB Dynamics
• Airtificial Intelligence Structures
• Applied Measurement Australia
• Hexagon
• HI TEC
• Humanetics Innovative Solutions
• Oxford Technical Solutions
• Racelogic
• Renishaw
Steering Robot Market Insights
Lucintel forecasts that car will remain the largest segment over the forecast period due to growing focus of manufacturers in engineering vehicles, which ensures the driverÄX%$%Xs protection against car crashes.
Within this market, testing will remain the largest segment due to the fact that steering robots can repeat actions for the same inputs.
APAC is expected to witness highest growth over the forecast period due to growing automotive industry and favourable government policies.
Features of the Global Steering Robot Market
Market Size Estimates: Steering robot market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Steering robot market size by type, application, and region in terms of value ($M).
Regional Analysis: Steering robot market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the steering robot market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the steering robot market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the steering robot market size?
Answer: The global steering robot market is expected to reach an estimated $105.5 million by 2030.
Q2. What is the growth forecast for steering robot market?
Answer: The global steering robot market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the steering robot market?
Answer: The major drivers for this market are increasing automotive R&D and engineering, rising focus on vehicular safety regulations, and growing integration of test equipment with steering robots.
Q4. What are the major segments for steering robot market?
Answer: The future of the steering robot market looks promising with opportunities in the testing and automation driving markets.
Q5. Who are the key steering robot market companies?
Answer: Some of the key steering robot companies are as follows:
• 4a technology
• AB Dynamics
• Airtificial Intelligence Structures
• Applied Measurement Australia
• Hexagon
• HI TEC
• Humanetics Innovative Solutions
• Oxford Technical Solutions
• Racelogic
• Renishaw
Q6. Which steering robot market segment will be the largest in future?
Answer: Lucintel forecasts that car will remain the largest segment over the forecast period due to growing focus of manufacturers in engineering vehicles, which ensures the driverÄX%$%Xs protection against car crashes.
Q7. In steering robot market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing automotive industry and favourable government policies.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the steering robot market by type (cars, buses, and trucks), application (testing, automation driving, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Steering Robot Market, Steering Robot Market Size, Steering Robot Market Growth, Steering Robot Market Analysis, Steering Robot Market Report, Steering Robot Market Share, Steering Robot Market Trends, Steering Robot Market Forecast, Steering Robot Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Steering Robot Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Steering Robot Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Steering Robot Market by Type
3.3.1: Cars
3.3.2: Buses
3.3.3: Trucks
3.4: Global Steering Robot Market by Application
3.4.1: Testing
3.4.2: Automation Driving
3.4.3: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Steering Robot Market by Region
4.2: North American Steering Robot Market
4.2.2: North American Steering Robot Market by Application: Testing, Automation Driving, and Others
4.3: European Steering Robot Market
4.3.1: European Steering Robot Market by Type: Cars, Buses, and Trucks
4.3.2: European Steering Robot Market by Application: Testing, Automation Driving, and Others
4.4: APAC Steering Robot Market
4.4.1: APAC Steering Robot Market by Type: Cars, Buses, and Trucks
4.4.2: APAC Steering Robot Market by Application: Testing, Automation Driving, and Others
4.5: ROW Steering Robot Market
4.5.1: ROW Steering Robot Market by Type: Cars, Buses, and Trucks
4.5.2: ROW Steering Robot Market by Application: Testing, Automation Driving, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Steering Robot Market by Type
6.1.2: Growth Opportunities for the Global Steering Robot Market by Application
6.1.3: Growth Opportunities for the Global Steering Robot Market by Region
6.2: Emerging Trends in the Global Steering Robot Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Steering Robot Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Steering Robot Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: 4a technology
7.2: AB Dynamics
7.3: Airtificial Intelligence Structures
7.4: Applied Measurement Australia
7.5: Hexagon
7.6: HI TEC
7.7: Humanetics Innovative Solutions
7.8: Oxford Technical Solutions
7.9: Racelogic
7.10: Renishaw
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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