The global steering robot market is closely related to the global automotive testing equipment market. As the players in the global automotive industry are increasingly investing in automotive R&D, there has been an increase in the adoption of equipment and systems to assess vehicle dynamics with minimal human intervention. The steering robot market is highly concentrated. The vendors in the market are competing effectively based on factors such as the technology, research and developmental activities, brand, and labor. Vendors in the programmable steering controllers market are also differentiating their products based on factors such as the quality, innovation, price, and regulatory compliance.
MIR analysts forecast the global steering robot market to grow at a CAGR of 8.10% during the period 2018-2022.
The report covers the present scenario and the growth prospects of the global steering robot market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of steering robot.
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Global Steering Robot Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Steering Robot Market Key Vendors Are: AB Dynamics, RMS Dynamics Test Systems, Stahle, VEHICO.
Other Prominent Vendors in the market are: HI-TEC, Tecpond.
Steering Robot Market Driver:
- Growing focus on the importance of vehicular safety regulations
- For a full, detailed list, view our report
Steering Robot Market Trends:
- Adoption of data analytics to improve customer experience
- For a full, detailed list, view our report
Browse Full Report and Related Details at: https://www.marketinsightsreports.com/reports/0119165626/global-steering-robot-market-2018-2022
The Steering Robot Market is divided into the following segments based on Geography:
This independent 104-Page report guarantees you will remain better informed than your competition. With approx 210 tables and figures examining the Steering Robot Market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.
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Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is Adoption of data analytics to improve customer experience. As the market is gaining traction, the key players in the market are devising strategies to provide a more holistic customer experience to the end-users adopting steering robots. Tracking real-time data can be helpful in providing preventive maintenance and reducing response times. Data analytics can also ensure that issues are addressed before they turn critical. If companies capitalize on the vast amount of data available and channelize the opportunities driven by customer data analytics, it is expected that they will see a surge in the revenue and customer loyalty. With the increased penetration of smart devices, vendors are giving their customers critical information about the robots on these devices.”
According to the report, one of the major drivers for this market is growing focus on the importance of vehicular safety regulations. Several regulatory agencies are devising guidelines to ensure the development of vehicles with advanced security technology. This resulted in an increased adoption of autonomous emergency braking (AEB) system that addresses reversing, cross-junction, and head-on accidents. The European commission is emphasizing on consumer testing by introducing a revision of general safety regulation 661/2009. This in turn, is driving the employment of differential steering robots.
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 a SWOT analysis of the key vendors.
Key Highlights of The Steering Robot Market Report:
- The key details related to Steering Robot Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
- Competitive study of the major Steering Robot Market players will help all the market players in analyzing the latest trends and business strategies.
- The study of emerging Steering Robot Market segments and the existing market segments will help the readers in planning the business strategies.
- Figure Global Production Market Share of Steering Robot Market by Types and by Applications in 2017.
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