Global Steering Robot Market 2024-2028

The steering robot market is forecasted to grow by USD 83.4 mn during 2023-2028, accelerating at a CAGR of 9.44% during the forecast period. The report on the steering robot market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in automotive research and development and engineering, emphasis on vehicular safety regulations, and advantages offered by steering robots for vehicle dynamics testing.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	8.4%
CAGR	9.44%
Incremental Value	$83.4 mn

Technavio's steering robot market is segmented as below:

By Application

Testing
Automation driving

By Vehicle Type

Cars
Buses and trucks

By Geographical Landscape

Europe
APAC
North America
Middle East and Africa
South America

This study identifies the adoption of data analytics to improve customer experience as one of the prime reasons driving the steering robot market growth during the next few years. Also, integration of test equipment with steering robots and technological advances in steering robots will lead to sizable demand in the market.

The report on the steering robot market covers the following areas:

Steering Robot Market sizing
Steering Robot Market forecast
Steering Robot Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading steering robot market vendors that include 4a technology GmbH, AB Dynamics plc, Airtificial Intelligence Structures SA, Applied Measurement Australia Pty. Ltd., Datron Technology Ltd, Hexagon AB, HI TEC SRL, Humanetics Innovative Solutions Inc., Oxford Technical Solutions Ltd., Racelogic, Renishaw Plc, RMS Dynamic Test Systems, Stahle GmbH, Techtarget Equipamentos Cientificos Ltda., and VEHICO GmbH. Also, the steering robot market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR73267

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Vehicle Type
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global Steering Robot Market 2018 - 2022
- Historic Market Size - Data Table on Global Steering Robot Market 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
- Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Vehicle Type segment analysis 2018 - 2022
- Historic Market Size - Vehicle Type Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
- Chart on Application - Market share 2023-2028 (%)
- Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
6.3 Testing - Market size and forecast 2023-2028
- Chart on Testing - Market size and forecast 2023-2028 ($ million)
- Data Table on Testing - Market size and forecast 2023-2028 ($ million)
- Chart on Testing - Year-over-year growth 2023-2028 (%)
- Data Table on Testing - Year-over-year growth 2023-2028 (%)
6.4 Automation driving - Market size and forecast 2023-2028
- Chart on Automation driving - Market size and forecast 2023-2028 ($ million)
- Data Table on Automation driving - Market size and forecast 2023-2028 ($ million)
- Chart on Automation driving - Year-over-year growth 2023-2028 (%)
- Data Table on Automation driving - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Vehicle Type

7.1 Market segments
- Chart on Vehicle Type - Market share 2023-2028 (%)
- Data Table on Vehicle Type - Market share 2023-2028 (%)
7.2 Comparison by Vehicle Type
- Chart on Comparison by Vehicle Type
- Data Table on Comparison by Vehicle Type
7.3 Cars - Market size and forecast 2023-2028
- Chart on Cars - Market size and forecast 2023-2028 ($ million)
- Data Table on Cars - Market size and forecast 2023-2028 ($ million)
- Chart on Cars - Year-over-year growth 2023-2028 (%)
- Data Table on Cars - Year-over-year growth 2023-2028 (%)
7.4 Buses and trucks - Market size and forecast 2023-2028
- Chart on Buses and trucks - Market size and forecast 2023-2028 ($ million)
- Data Table on Buses and trucks - Market size and forecast 2023-2028 ($ million)
- Chart on Buses and trucks - Year-over-year growth 2023-2028 (%)
- Data Table on Buses and trucks - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Vehicle Type
- Market opportunity by Vehicle Type ($ million)
- Data Table on Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 Italy - Market size and forecast 2023-2028
- Chart on Italy - Market size and forecast 2023-2028 ($ million)
- Data Table on Italy - Market size and forecast 2023-2028 ($ million)
- Chart on Italy - Year-over-year growth 2023-2028 (%)
- Data Table on Italy - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
- 4a technology GmbH
- 4a technology GmbH - Overview
- 4a technology GmbH - Product / Service
- 4a technology GmbH - Key offerings
12.4 AB Dynamics plc
- AB Dynamics plc - Overview
- AB Dynamics plc - Product / Service
- AB Dynamics plc - Key offerings
12.5 Airtificial Intelligence Structures SA
- Airtificial Intelligence Structures SA - Overview
- Airtificial Intelligence Structures SA - Product / Service
- Airtificial Intelligence Structures SA - Key offerings
12.6 Applied Measurement Australia Pty. Ltd.
- Applied Measurement Australia Pty. Ltd. - Overview
- Applied Measurement Australia Pty. Ltd. - Product / Service
- Applied Measurement Australia Pty. Ltd. - Key offerings
12.7 Datron Technology Ltd
- Datron Technology Ltd - Overview
- Datron Technology Ltd - Product / Service
- Datron Technology Ltd - Key offerings
12.8 Hexagon AB
- Hexagon AB - Overview
- Hexagon AB - Business segments
- Hexagon AB - Key news
- Hexagon AB - Key offerings
- Hexagon AB - Segment focus
12.9 HI TEC SRL
- HI TEC SRL - Overview
- HI TEC SRL - Product / Service
- HI TEC SRL - Key offerings
12.10 Humanetics Innovative Solutions Inc.
- Humanetics Innovative Solutions Inc. - Overview
- Humanetics Innovative Solutions Inc. - Product / Service
- Humanetics Innovative Solutions Inc. - Key offerings
12.11 Oxford Technical Solutions Ltd.
- Oxford Technical Solutions Ltd. - Overview
- Oxford Technical Solutions Ltd. - Product / Service
- Oxford Technical Solutions Ltd. - Key offerings
12.12 Racelogic
- Racelogic - Overview
- Racelogic - Product / Service
- Racelogic - Key offerings
12.13 Renishaw Plc
- Renishaw Plc - Overview
- Renishaw Plc - Business segments
- Renishaw Plc - Key offerings
- Renishaw Plc - Segment focus
12.14 RMS Dynamic Test Systems
- RMS Dynamic Test Systems - Overview
- RMS Dynamic Test Systems - Product / Service
- RMS Dynamic Test Systems - Key offerings
12.15 Stahle GmbH
- Stahle GmbH - Overview
- Stahle GmbH - Product / Service
- Stahle GmbH - Key offerings
12.16 Techtarget Equipamentos Cientificos Ltda.
- Techtarget Equipamentos Cientificos Ltda. - Overview
- Techtarget Equipamentos Cientificos Ltda. - Product / Service
- Techtarget Equipamentos Cientificos Ltda. - Key offerings
12.17 VEHICO GmbH
- VEHICO GmbH - Overview
- VEHICO GmbH - Product / Service
- VEHICO GmbH - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
- 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations