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

Robot cars and trucks have gained prominence in various industrial verticals.These robotic vehicles have applications in commercial, domestic, and industrialsectors. Owing to benefits such as cost-efficiency, job effectiveness, and safety, themarket has gained momentum in industrial sector. Presence of severalopportunities in transport segment is expected to drive robotically operated trucks’expansion. Increased government funding for deployment of proper roadwaycontrols is expected to stimulate industry growth.High investments for production and initial set-up costs pose a major challenge tothese automated vehicles. Furthermore, heavy investments into R&D activities arerequired prior to actual implementation. Macroeconomic conditions such as globalrecession and financial crisis have hampered the market augmentation. Minimalawareness about features and benefits of these vehicles among potential customershas decelerated industry growth.A remarkable rise in international trade andtransport in the European region is expected to fuel industry growth.Modernization of factories and accelerated production capacities in automotive