Robot Cars And Trucks Market Size, Segmentation To 2022: Grand View Research, Inc.

The recent trends in automobiles such as automated vehicle-mapping, automaticparking, and steering have propelled growth in automotive industry. Therobotically operated vehicles are programmed to control features such as laneassist, collision avoidance, adaptive cruise control, and automated parking andsteering. All these features are controlled by a central processor present in robotcars and trucks. These robotically operated vehicles enable driving without humanintervention and have altogether unlocked a new dimension for expansion in theautomobile industry. The market is, however, in its initial stage and foreseesseveral growth opportunities, and vendors have accentuated on capitalizing theseopportunities. Major players have highly invested on research and developmentactivities to increase their market share. Key participants aim at making safer,greener, and more efficient automated cars and trucks to attract potentialcustomers.