Global Robo-Taxi Market, By Service (Station-Based, Car Rental), Vehicle (Shuttle/Van, Car), Propulsion (Hybrid, Electric, Fuel Cell), Component (Camera, LIDAR, Radar, Ultrasonic Sensors), Level of Autonomy (L4, L5), Application (Passenger Transport, Goods Transport), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, 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, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The robo-taxi market is expected to witness market growth at a rate of 64.84% in the forecast period of 2021 to 2028. Data Bridge Market Research report on robo-taxi market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the concerns over road safety and emissions is escalating the growth of robo-taxi market.
Robo-taxi or robo-cab refers to type of taxis which are self-driven, without a chauffeur. These are defined as the autonomous cars of autonomic level 4 or level 5 that are operated for a virtual hailing service. These are fuel efficient vehicles that do not emit any harmful carbon gases and protect environment. These eco-friendly automated vehicles are known to consume less battery and reduce the cost of operating cars.
The increase in the demand for self-driving vehicles across the globe due to the introduction of automation in vehicles acts as one of the major factors driving the growth of robo-taxi market. The rises in the popularity among customers encouraging companies to develop vehicles that do not require a human to drive the vehicle and increase in the need for reducing the risks of accidents caused due to human errors accelerate the robo-taxi market growth. The integration of various sensors such as RADAR, LiDAR and others in the robo-taxi to enhance the efficiency of the vehicles and growing demand for fuel-efficient and emission-free vehicles further influence the robo-taxi market. Additionally, increase in government initiatives, rise in the need for better road safety and traffic control drive and rise in investments by key players positively affect the robo-taxi market. Furthermore, technological development and innovations and smart cities projects extends profitable opportunities to the robo-taxi market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the research and development and jeopardizing of human jobs are expected to obstruct the robo-taxi market growth. The implementation and cybersecurity threats and difficulty with navigation in crowded spaces projected to challenge the robo-taxi market in the forecast period of 2021-2028.
This robo-taxi market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on robo-taxi market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Robo-Taxi Market Scope and Market Size
The robo-taxi market is segmented on the basis of service, vehicle, propulsion, component, level of autonomy and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service, the robo-taxi market is segmented into station-based and car rental.
- On the basis of vehicle, the robo-taxi market is segmented into shuttle/van and car.
- On the basis of propulsion, the robo-taxi market is segmented into hybrid, electric and fuel cell.
- On the basis of component, the robo-taxi market is segmented into camera, LIDAR, radar and ultrasonic sensors.
- On the basis of level of autonomy, the robo-taxi market is segmented into L4 and L5.
- On the basis of application, the robo-taxi market is segmented into passenger transport and goods transport.
Global Robo-Taxi Market Country Level Analysis
The robo-taxi market is analyzed and market size, volume information is provided by country, service, vehicle, propulsion, component, level of autonomy and application as referenced above.
The countries covered in the global robo-taxi market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the robo-taxi market because of the growing concern about pollution, increasing demand for electric cars in China and Japan, favorable government policies to adopt EVs and increasing number of vehicles on the road that has led to traffic congestion in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Robo-Taxi Market Share Analysis
The robo-taxi market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to robo-taxi market pad market.
The major players covered in the robo-taxi market report are Waymo LLC, Daimler AG, GM Cruise LLC, Aptiv, AB Volvo, Ridecell, Inc, Tesla, Uber Technologies Inc., Volkswagen AG, Lyft, Inc., Ford Motor Company, General Motors, BMW AG, TOYOTA MOTOR CORPORATION, Continental AG, DENSO CORPORATION, NVIDIA Corporation, Mobileye and Robert Bosch GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Robo-Taxi Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.