Robo-Taxi - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Robo-Taxi Market is accounted for $0.13 billion in 2019 and is expected to reach $7.42 billion by 2027 growing at a CAGR of 65.8% during the forecast period. Increase in government initiatives, rise in investments by the top players in the automation industry and increasing demand for fuel-efficient and emission-free vehicles are some of the factors propelling the growth of the market. However, high R&D cost for implementation and cyber-security threats are hampering the growth of the market.
Robo-taxies are the self-driving taxis that are autonomous vehicles, which are operated by an on-demand mobility service. The emergence of robo-taxi is driven by its benefits, such as getting better fleet management and dropping the cost of ownership.
Based on the vehicle, the car segment is anticipated to hold considerable market share during the forecast period due to the robotic assistance used for delivery, supplies pick up, and other routine tasks by autonomous cars for small businesses and adopting advanced production technologies in the race to deploy autonomous vehicles. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period owing to the growing concern about pollution, increasing the number of vehicles on the road that has led to traffic congestion and increasing demand for electric cars in China and Japan.
Some of the key players profiled in the Robo-Taxi Market include NAVYA SAS, Waymo LLC (Google), Nutonomy (Aptiv), Uber Technologies, MOIA, Cruise Automation (General Motors), Ridecell Inc, AB Volvo, Beijing Xiaoju Technology Co., Ltd., Tesla, Easy Ride (Nissan & Dena), Daimler AG, Lyft Inc., Ford Motor Company, Volkswagen Group, Volvo, Zoox, EasyMile, Didi Chuxing Technology Co, and ZF Friedrichshafen AG.
• Goods Van
• Station-based Car Sharing
Level of Autonomies Covered:
• Level 5 (L5)
• Level 4 (L4)
• Electric/Fully Electric
• Fuel Cell
• Internal Combustion Engine (ICE)
• Ultrasonic Sensors
• Light Detection and Ranging (LiDAR)
• Passenger Transportation
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.