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.
Data Bridge Market research presents the all-inclusive data Robo-Taxi report with market overview and describes the steady growth of the market and highly changing trends of the market. Important factors affecting the market are also mentioned in this research report. It mainly concentrates on the newly entrants associated with the market, industry characteristic, influencing aspects of the market. Development trends, Competitive landscape analysis and key regions development status are also included in this report. It predicts upcoming business sector openings, difficulties and threats in the market. This report will assist and strengthen Your decision making process.
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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.
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 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 market research report highlights the most important market insights that take your business to the highest level of growth and success. Top market player analysis covered in this market research report brings into focus various strategies used by these top players of market which can be listed as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and many others that leads to increase their footprints in industry. The report is valuable for both regular and emerging market player in the industry and provides in-depth market insights.
Market Segmentation: Global Robo-Taxi Market
By Component (Camera, LiDAR, Radar, Ultrasonic Sensors)
By Application (Goods, Passenger)
By Service (Rental, Station-Based)
By Level of Autonomy (L4, L5), 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
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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