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(Transportation-News.com, July 14, 2017 ) The fully automated and self-directed functions in automobiles are now being adopted globally. A recent study on global market of robot cars has been prepared, which finds that the market is poised to achieve remarkable growth as the automated vehicles are highly reliable and reduce the frequencies of accidents and mishaps. Market Research Hub (MRH) has freshly broadcasted this study to its vast repository, which is titled as “Global and Chinese Robot Cars Industry, 2017 Market Research Report”. The industry analysis is provided for the global as well as Chinese market including growth trends, competitive landscape and developing key regions status. Overall, the report provides an in-depth insight of global and Chinese Robot Cars industry covering all important parameters. Forecast period considered in the study include 2017-2022, whereas review period is 2012 to 2017.
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A robot car is a car with artificial intelligence and the ability to drive itself without any human interaction. These vehicles are programmed to control features such as collision avoidance, lane assist, adaptive cruise control along with automated steering and parking. Initially, the report starts by presenting the industry overview of robot cars which comprises its definition, applications and manufacturing technology. It has been analyzed that one of the biggest benefits of a robot car is a substantially lower crash potential when compared to human drivers. This car cannot get distracted and senses all angles, so it is much more capable of preventing an accident.
Moreover, the research analyzes latest trends and development currently impacting the global market. While today’s cars already use semiconductor technology, more automated cars will call for more of that technology. The semiconductor industry will have to approach this growing technology by continuing to innovate while attempting to reduce costs, so manufacturers of vehicles can access the semiconductors needed. Besides, the study also presents statistical analysis, which illustrates the global and Chinese market of robot cars industry together with capacity, supply/demand, production, production value, cost/profit and Chinese import/export.
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Furthermore, the research finds that the global and Chinese robot cars market is a dynamic and competitive one, which is making gigantic strides. This is because savvy players operating in the market are constantly looking to develop more effective solutions in response to the different requirement of end-use companies. Market players are profiled in terms of attributes such as company profile, product specifications, capacity, production value, and 2012-2017 market shares for each company.
The total market is further divided by company, country and application/type for the competitive landscape analysis. Study of upstream raw materials, downstream demand and current market dynamics is also carried out. Finally, the report makes some important proposals for a new project of robot cars industry before estimating its feasibility.
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