The robotic vehicle market was valued at US$8,191.389 million at 2018 and is projected to grow at an impressive rate during the forecast period. Robotic Vehicles are classified as remotely operated or autonomous. In general, these vehicles move by themselves with the help of sensors and computational resources onboard to guide their motion. However, such robotic vehicles are usually integrated with some form of human oversight or supervision of the motion. The demand for these vehicles is spurring owing to various industries turning towards such vehicles to perform redundant tasks in order to minimize manual intervention. This is further substantiated from the growing number of robotic vehicle launches in the past two years. In September 2018, Volvo Group launched Vera, the commercial electric autonomous truck that is designed to do redundant assignments in logistics centre, factories, and ports.
Shortage of workforce is one of the major factors that are augmenting the demand for robotic vehicles such as trucks that can be utilized to perform redundant tasks at the warehouse. Also, they are steadily being utilized in areas where hazardous environment condition prevails. In Military, the burgeoning incorporation of autonomous and remotely operated technologies for air, sea, and ground vehicles is further unlocking growth opportunities for robotic vehicles to be utilized in this sector. Thus, the robotic vehicle market is anticipated to witness impressive growth during the forecast period on account of the increasing number of robotic vehicle roll-out along with increased investment by key players in R&D so to incorporate advanced technologies to make these vehicles fully unmanned without any human supervision.
The Robotic Vehicle Market – Forecasts from 2019 to 2024 is an exhaustive study of this niche technology market that presents the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by vehicle type, end-user industry, and geography.
The robotic vehicle technology market has been segmented by vehicle type, end-user industry, and geography. Based on vehicle type the market has been segmented into cars, trucks, and aircraft. By end-user industry, the market has been classified into military and defense, automotive, agriculture, and manufacturing.
Regional analysis has been provided with detailed analysis and forecast for the period 2019 to 2024. The global market has been broken down into the Americas, Europe Middle East, and Africa (EMEA), and the Asia Pacific.
Major players in the global robotic vehicles market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the global robotic vehicle market.
By Vehicle Type
By End-User Industry