Autonomous intelligent vehicle are self-navigating highly engineered robots that can operate in challenging environment such as moving through lean passages to lifting heavy materials or packages at shop floors or warehouses. Autonomous intelligent vehicle are easy to install without any retrofitting requirement to the work floor, can be easily operated, offers maximum level of safety, and can also wok in collaboration if deployed in a fleet.
Autonomous intelligent vehicle are widely being adopted in healthcare, agriculture & gardening, warehouse & logistics, defense, building & construction, and mining and oil & gas end use industries. Robotic lawn movers, las mile delivery robots, and in-pipeline injection robots are some of the typical examples of automotive intelligent vehicles.
Convergence of technologies and automation is creating an ocean of opportunities for the robotic solutions such as autonomous intelligent vehicles. Synergy of artificial intelligence with product development for an efficient automation solution is expected to enhance procurement of autonomous intelligent vehicles.
Autonomous intelligent vehicle market is expected to gain significant traction from services industry as well. One of the prime fact being that the autonomous intelligent vehicle are considerably capital intensive thus consumers tends to prefer procure the service instead buying the whole product.
Another factor driving the market from supply side is that the profitability margin for the supplier is almost double while supplying an autonomous intelligent vehicle as a service instead of selling the equipment.
Considering the seriousness of the ongoing pandemic, the face of supply chain is transforming and businesses are addressing the situation in the best way possible. Though the market has witness an unprecedented surge in consumer demand for e-commerce services for essential services, the manufacturing processes and related industrial activities are facing major brunt of the pandemic.
Once the pandemic is contained, some share of the consumer buying pattern might go back to the original while some will persist with the e-commerce channel. Yet, the COVID-19 could acts as inflection point in the global digital transformation.
About one-third of the global logistics facility capacity is located in North America thus offering sizable market scope for autonomous intelligent vehicle. By the end of 2020, ecommerce is anticipated to be the largest retail channel. It is anticipated that the autonomous intelligent vehicle will gain significant traction in the said sector owing to the fact that they have more number of induction point.
Europe is the hub of automation and advanced technologies, and most of autonomous intelligent vehicle manufacturers & system integrators are based in Europe. Thus, the degree of competition is relatively high as compared to rest of the world.
According to World Bank, Germany tops the global logistics performance index followed by the United Kingdom. Also, the warehouse fulfillment capacity of the region is also the largest, thereby, presenting substantial opportunities in the autonomous intelligent vehicle market.
According to Europe's e-commerce association, more than half of the region’s countries are in partial lockdown, which in turn, has moderate-to-high impact on parcel deliveries. Thereby hampering the autonomous intelligent vehicle market to some extent.
Major market participants in the global Autonomous Intelligent Vehicle (AIV) market identified across the value chain include:
The Autonomous Intelligent Vehicle (AIV) research report presents a comprehensive assessment of the Autonomous Intelligent Vehicle (AIV) market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The Autonomous Intelligent Vehicle (AIV) research report provides analysis and information according to market segments, such as geographies, application, and industry.
The autonomous intelligent vehicle global report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The autonomous intelligent vehicle report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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