The Robo-Taxi market contains company profiles of all the major players and brands. Because businesses can achieve great benefits with the different segments covered in the market research report, every bit of market that can be included here is covered watchfully. An analytical assessment of the competitors provides a clear idea of the most important challenges faced by them in the existing market and in upcoming years. This global market report additionally encompasses predictions utilizing a practical arrangement of uncertainties and techniques.
Global Robo-Taxi Market is expected to register a healthy CAGR of 113.10% in the forecast period of 2019-2026. The rise in the market can be attributed to the growing demand for autonomic, fuel efficient & emission free vehicles, and the need to eliminate road accidents improving the level of road safety.
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Robo-Taxi or Robo-Cab, are taxis that are self-driven, without a chauffeur. They are autonomous cars of autonomic level 4 or level 5 operated for a virtual hailing service. They are fuel efficient vehicles, which do not emit any harmful carbon gases, thereby protecting the environment. These eco-friendly automated vehicles, consume less battery, less cost, and thereby reduce the cost of operating cars.
Major Key players profiled in this report are:
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, TOYOTA MOTOR CORPORATION, Robert Bosch GmbH, Continental AG, DENSO CORPORATION., NVIDIA Corporation and Mobileye among others.
Major Market Drivers:
- Eliminating drivers from taxis would reduce the overall operational cost, thereby making it cost-effective
- The need to reduce the level of accidents that arise due to manual errors to ensure safer roads a better traffic control would drive the growth of this market
- The need to reduce the level of carbon emissions from diesel operated cars and to move towards a more sustainable and eco-friendly environment stimulates the growth of this market
- The rising demand for autonomous vehicles, which consume less battery and less gass boosts the growth of robo-taxis
- The threat and tension that automation would replace the need for human chauffeurs. Thus, the resistance from chauffeurs would restrain the growth of this market
- High research and development cost would be required for the development of robo-taxis
- The rising threat from hackers restrains the growth of this market
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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This report can be relied upon for sure when taking key business decisions. In addition, this market report consists of vital aspects of the market that contain but are not limited to historic data, present market trends, environment, future trends, technological innovation, upcoming technologies and the technical progress in the Automotive industry. The market report covers professional in-depth study on the current state of the industry. It helps to find out general market conditions and tendencies.
Market Segmentation: Robo-Taxi Market
By Component- Camera, LiDAR, Radar, Ultrasonic Sensors
By Application- Goods Transportation, Passenger Transportation
By Service Type- Car Rental, Station-Based
By Level of Autonomy (LOA)- Level 4, Level 5
By Propulsion- Electric, Fuel Cell, Hybrid
By Vehicle- Car, Van/Shuttle
By Geography- North America, South America, Europe, Asia-Pacific, Middle East and Africa
Reasons to Purchase this Report:
- Current and future of Global Robo-Taxi Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Global robo-taxi market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of robo-taxi market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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