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The transport manufacturing industry is one of the key segments of the global manufacturing industry. This industry is focused on manufacturing vehicles which are used for transportation. Production of various components of vehicles is also included in this industry.
Transport or transportation refers to the movement of people, animals or goods from one location to another. Companies in this industry manufacture transportation equipment, including motor vehicles and parts, aircraft and other aerospace products, ships and boats rolling, and railroad stock.
The total value of the transport manufacturing market globally in 2015 was $x billion. Related to a world population of 7.3 billion in 2015 this equates to about $x per person per annum. Given that World Domestic Product was approximately $73.5 trillion in 2015, the market makes up about x% of the global economy.
Some of the largest competitors in the transport manufacturing market such as Ford and Hyundai have recently developed new technologies such as pre-collision assist and pedestrian detection technology. These technologies help in detection of blind spots and also alerts driver when he/she is not paying attention on the road. Advanced systems can also apply auto brake if driver falls asleep and does not respond to the warning. These technologies ultimately improve vehicle and pedestrian safety.
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