Self-driving Industrial Vehicles: Introduction
Self-driving industrial vehicles also known as autonomous industrial vehicles or driverless vehicles use an arrangement of cameras, sensors, artificial intelligence (AI), and radars, to travel between destinations, without the need for any human effort.
Self-driving industrial vehicles are used mostly by industries where stringent safety requirements and regulations that exist for passenger self-driving industrial vehicles either do not exist or are less restrictive. These industries include, but are not limited to retail, agriculture, logistics and delivery, manufacturing, commercial freight transport, public transport, and mining.
The global self-driving industrial vehicles market is projected to expand at a rapid pace during the forecast period due to continuous research and development in autonomous industrial vehicle technologies over the past two decades.
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Transportation is an integral part of industrialization. Rapid advances in artificial intelligence, robotics, edge computing capabilities, and computer vision are expected to boost the demand for self-driving industrial vehicles during the forecast period.
Rise in demand for industrial vehicles or machines that can potentially think, hear, see, and move more deftly than humans are anticipated to fuel the demand for self-driving industrial vehicles during the forecast period.
Increasing growth of the automotive sector and increasing investments by automakers coupled with the rising consumer demand and technology advancements in the automotive industry are some of the major factors projected to boost the global automotive market in the next few years.
Increasing automotive maintenance activities is anticipated to increase the demand for selfdriving industrial vehicles. Rising automation in the automotive industry plays an important role in boosting the global self-driving industrial vehicles market.
Grab an exclusive PDF Brochure of this report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=76201 High Initial Cost and Maintenance Cost Hampers the Self-driving Industrial Vehicles Market
The cost of all components and the sensor assembly in self-driving industrial vehicles is high. Moreover, adoption ratio of self-driving industrial vehicles is less globally. Thus, high initial cost coupled with maintenance are the major factors anticipated to hamper the global selfdriving industrial vehicles market in the next few years.
North America to Hold Major Share of the Global Self-driving Industrial Vehicles Market
In terms of region, the global self-driving industrial vehicles market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America dominated the global self-driving industrial vehicles market in 2018, due to mature industrialization and presence of well-established technology advanced manufacturers in the region. The U.S. is a key market in North America, due to high demand for self-driving industrial vehicles in the country. Europe is anticipated to hold the second largest share of the global self-driving industrial vehicles market in 2018 due to the presence of numerous large automotive manufacturers in the region.
The self-driving industrial vehicles market in Asia Pacific is projected to expand at a rapid pace during the forecast period. This can be attributed to increasing sales as well as production of automobiles owing to growing industrialization and globalization.
Request For Customization: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=76201 Global Self-driving Industrial Vehicles Market: Competition Landscape Key Players Operating in the Global Self-driving Industrial Vehicles Market Several local, regional, and international players operate in the market and manufacture self-driving industrial vehicles. Hence, the market is fairly fragmented and the bargaining power of suppliers is low. The degree of competition among market players is also high. Rapid technological advancements have led to opportunities in the global self-driving industrial vehicles market. Key players operating in the global self-driving industrial vehicles market are:
Seegrid Corporation
Scania CV AB
Otto GmbH & Co KG
Savant Automation, Inc.
America In Motion
Ward Systems, Inc.
Scott Systems International Inc. (Transbotics)
Global Self-driving Industrial Vehicles Market: Research Scope Global Self-driving Industrial Vehicles Market Segmentation, by Type
Forklift Self-Driving Industrial Vehicles
Load Transfer Self-Driving Industrial Vehicles
Pallet Trucks
Assembly Line Vehicles
Light Load Transporters
Tugger AGVs
Others
Global Self-driving Industrial Vehicles Market Segmentation, by Industry
Manufacturing
Logistics & Warehouse
Automotive
Aerospace
Others
Global Self-driving Industrial Vehicles Market Segmentation, by Region
North America o
U.S.
o
Canada
o
Rest of North America
Europe o
Germany
o
France
o
U.K.
o
Italy
o
Rest of Europe
Asia Pacific o
China
o
Japan
o
India
o
South Korea
o
Rest of Asia Pacific
Middle East & Africa o
GCC
o
South Africa
o
Rest of Middle East & Africa
South America o
Brazil
o
Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions. Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
Customer Experience Maps
Insights and Tools based on data-driven research
Actionable Results to meet all the business priorities
Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment. The following regional segments are covered comprehensively:
North America
Asia Pacific
Europe
Latin America
The Middle East and Africa
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