Robo Taxi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Robo Taxi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

  • December 2021 •
  • 147 pages •
  • Report ID: 6197491 •
  • Format: PDF
The global robo taxi market reached a value of US$ 418.6 Million in 2020. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Robo taxi, or robo cab, refers to a self-driving autonomous vehicle, which is operated by on-demand mobility or e-taxi service providers. It requires minimal or no human intervention for driving and the passengers can request for the taxi through a smartphone application. It operates through Mobility-as-a-Service (MaaS) platforms and offers a safe, convenient and cost-effective mode of transportation. Robo taxis are equipped with cameras, radio detection and ranging (RADAR) and light detection and ranging (LiDAR) systems and smart ultrasonic sensors to operate smoothly, prevent collisions, reduce fatalities and facilitate vehicle management. They usually have electric, hybrid and fuel cell propulsion systems and can be used for the transportation of both passengers and material goods. Robo Taxi Market Trends:
Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing demand for self-driving and autonomous vehicles is providing a thrust to the market growth. The rising levels of traffic and greenhouse gas emissions are also impacting the demand for robo taxis. Robo taxis operate through electric and fuel cell-based technologies, which are highly fuel-efficient and emission-free. They are also equipped with advanced technologies to detect objects or obstacles in the way and sense the speed of nearby vehicles to ensure road safety and prevent accidents. Additionally, the implementation of favorable government policies promoting the development of smart cities and sustainable infrastructural expansion, especially in the developing economies, is contributing to the market growth. Other factors, including shifting consumer preference from vehicle ownership to shared mobility solutions, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global robo taxi market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on application, level of autonomy, vehicle, service and propulsion.

Breakup by Application: Goods
Passenger

Breakup by Level of Autonomy:
Level 4
Level 5

Breakup by Vehicle:
Car
Shuttle/Van

Breakup by Service:
Rental
Station-based

Breakup by Propulsion:
Electric
Hybrid
Fuel Cell

Breakup by Region: North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aptiv plc, Continental AG, Daimler AG, Ford Motor Company, NAVYA, NVIDIA Corporation, Ridecell Inc and Waymo LLC (Alphabet Inc.).

Key Questions Answered in This Report:
How has the global robo taxi market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global robo taxi market?
What are the key regional markets?
What is the breakup of the market based on the application?
What is the breakup of the market based on the level of autonomy?
What is the breakup of the market based on the vehicle?
What is the breakup of the market based on the service?
What is the breakup of the market based on the propulsion?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global robo taxi market and who are the key players?
What is the degree of competition in the industry?