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Robo-Taxi Market Registering a CAGR of 113.10% in the forecast 2026 with Top Major Players: Ford Motor Company, Volkswagen AG, BMW AG, TOYOTA MOTOR CORPORATION

Global Robo-Taxi Market

The Global Robo-Taxi Market research report serves as a valuable asset for the clients to understand deeply about and learn more about its advantages and disadvantages. The exploration study has been set up with the utilization of inside-out qualitative and quantitative examinations of the market. All discoveries and information on the market given in the reports are determined, assembled, and checked utilizing progressed and dependable research sources. The regional examination offered in the report will assist you with identifying key opportunities of the market accessible in various areas and nations.

Market Analysis:

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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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.

Market Definition:

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

Market Restraints:

  • 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

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Regional Coverage of the Market

  • South America
  • North America
  • Middle east and Africa
  • Asia and Pacific region
  • Europe

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)

Focal points of the Report:

  • Determines the geographic breakdown of the Market
  • It tracks the competitive landscape of the Market
  • Analysis of evolving market segments in additions as a whole study of the Market
  • The cumulative growth rate has been determined in the research study by sharing the investment percentages of the shareholders and identify what could be the profit percentage that could be expected in terms of future prospects.

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