Robo-Taxi Market to Witness High Demand Due to Increasing Popularity of Autonomous Vehicles

Robo-Taxi Market is forecasted to grow at 113.10% for 2019 to 2026 with factors such as high R&D cost and increasing cybersecurity threats hampering the market growth.

Robo-taxi market has shown a significant adoption rate and preferences from the Europe. Advancement in mobility technology and supportive infrastructure for robo-taxi are some of the factors which will enhance the demand for robo-taxi in the region.

Robo-Taxi Market Scenario

According to Data Bridge Market Research the robo- taxi market in developing regions is witnessing a growth in terms of its adoption rate, due to increasing demand for fuel efficient & emission free vehicles, rising prevalence for better road safety & traffic control and increasing deployment of autonomous vehicles.

Now the question is which are the regions that robo- taxi market players should target? Data Bridge Market Research has forecasted market leaders to target Europe developing regions to help them in attaining better volume of revenue generation.

Robo- taxi market is becoming more competitive every year with L4 currently being the largest market level of Autonomy for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the robo- taxi market.

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Robo-Taxi Market Development

Didi Chuxing announced that they are going to launch robo-taxi in Shanghai in August 2019. The company will be launching 30 different models of so-called tier four autonomous vehicles. The user can book the robo-taxi with the help of the app. This launch will help China to be the world leader in AI by 2030.

Scope of the Robo- Taxi Market

Global robo- taxi market is segmented on the basis of countries into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.

  • All country based analysis of the robo-taxi market is further analyzed based on maximum granularity into further segmentation. On the basis of component, the market is segmented into camera, LiDAR, radar, and ultrasonic sensors. Based on application, the market is segmented into goods and passenger. Service segment of the market is divided into rental and station based. Level of autonomy is divided into L4 and L5. On the basis of propulsion, the market is segmented into electric, fuel cell, and hybrid. Vehicle segment is further divided into car and van/shuttle.
  • Robo- taxi are those autonomous vehicles which are self- driven and don’t require any driver. These robo- taxis are integrated with many advanced technologies such as ultrasonic sensors, camera, LiDAR among others. These vehicles are fuel efficient and also environment friendly as they don’t emit any harmful gases. They are specially designed for on- demand mobility services.

To know more about the study

Key Pointers Covered in the Robo-Taxi Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Waymo LLC
  • Daimler AG.
  • GM Cruise LLC.
  • Aptiv.
  • AB Volvo
  • Google
  • Ridecell, Inc
  • Tesla
  • Uber Technologies Inc.
  • Volkswagen AG
  • Lyft, Inc.
  • Ford Motor Company
  • General Motors.
  • BMW AG
  • Robert Bosch GmbH
  • Continental AG
  • NVIDIA Corporation
  • Mobileye

Above are the key players covered in the report to know about more and exhaustive list of robo- taxi companies, contact us

Research Methodology: Global Robo-Taxi Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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