Steering Robot Market Report: Trends, Forecast and Competitive Analysis to 2030

Steering Robot Market Report: Trends, Forecast and Competitive Analysis to 2030

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 driver's 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 favorable 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 driver's 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 favorable 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?