Global Steering Robot Market 2023-2027
The steering robot market is forecasted to grow by USD 65.94 million during 2022-2027, accelerating at a CAGR of 8.25% during the forecast period. The report on the steering robot market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in automotive R and D and engineering, emphasis on vehicular safety regulations, and advantages offered by steering robots for vehicle dynamics testing.
Technavio's steering robot market is segmented as below:
- By Application
- Testing
- Automation driving
- By Vehicle Type
- Cars
- Buses
- trucks
- By Geographical Landscape
- Europe
- APAC
- North America
- Middle East and Africa
- South America
This study identifies the adoption of data analytics to improve customer experience as one of the prime reasons driving the steering robot market growth during the next few years. Also, integration of test equipment with steering robots and technological advances in steering robots will lead to sizable demand in the market.
The report on the steering robot market covers the following areas:
- Steering robot market sizing
- Steering robot market forecast
- Steering robot market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading steering robot market vendors that include 4a technology GmbH, AB Dynamics plc, Airtificial Intelligence Structures SA, Applied Measurement Australia Pty. Ltd., Hexagon AB, HI TEC SRL, Humanetics Innovative Solutions Inc., Oxford Technical Solutions Ltd., Racelogic, Renishaw Plc, RMS Dynamic Test Systems, Techtarget Equipamentos Cientificos Ltda., VEHICO GmbH, Datron Technology Ltd, and Stahle GmbH. Also, the steering robot market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.