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Robo-Taxi Market: 2019 Industry Analysis, Size, Trends, Growth and Forecast 2030 By Zaraki Kenpachi - July 2, 2021
Transparency Market Research has published a new report on the robotaxi market for the forecast period of 2019–2030. According to the report, the global robotaxi market is projected to reach a value of ~US$ 15 Bn by 2030, expanding at a CAGR of ~58% during the forecast period of 2019 to 2030. Get sample copy at: https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=65897 Global RoboTaxi Market: Overview According to the report, the global robotaxi market is likely to be driven by the demand for reduction in the total cost of ownership by ridehailing companies. The emergence of new business models, such as ‘mobility as a service’, are offering significant opportunities to automakers instead of onetime vehicle sales. Automakers are trying to introduce autonomous vehicles in taxi services to improve consumer service, offer rideservice at lower costs, and lower the operating cost of the service. Key players such as Uber Inc., Waymo, Baidu, and Easy Mile are successfully conducting pilot projects on robotaxis, and are expected to lead the global robotaxi market. Expansion of Global RoboTaxi Market Robotaxis reduce the cost of ownership of a fleet operator by 30% to 50%. Radical shift from private ownership of vehicles to shared mobility has evolved the mobility industry, making it imperative for ridehailing companies to offer services at competitive costs. The robotaxi market is at the development stage, with expansion likely to occur post 2025.
The U.S. and China have favorable regulatory frameworks to test autonomous vehicles. Several pilot projects are being carried out in these countries, and are expected to lead the global robotaxi market. To Get a Bird’s Eye View of RoboTaxi Market Forecast, Ask for a Custom Report Based on application, the global robotaxi market has been bifurcated into public transport and others. The rising adoption of autonomous vehicles in ridehailing services and shared mobility is projected to drive the public transport segment, and subsequently, the robotaxi market. Robotaxis are also being utilized to commute shorter distance within business parks, universities, industrial sites, amusement parks, and residential townships. Based on vehicle, the global robotaxi market has been classified into cars and shuttles. The cars segment is anticipated to hold a dominant share of the global robotaxi market, with companies such as Uber Inc., Waymo, Baidu, and Pony.ai launching robotaxis for the markets in North America and Asia Pacific. The shuttles segment holds a significant share of the robotaxi market, as autonomous vehicles are being adopted to serve geofenced areas such as industrial parks, airports, and universities. Regional Analysis of Global RoboTaxi Market In terms of region, the global robotaxi market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held a prominent share of the robotaxi market in 2018. It is anticipated to dominate the global market during the forecast period. Favorable regulatory framework, sustained investments in infrastructure, consumer acceptance of autonomous driving, and the presence of key players in the U.S. is driving the robotaxi market in North America. Prominent players operating in the global robotaxi market include Waymo LLC, Aptiv, NAVYA, Uber Technologies, GM Cruise, EasyMile, MOIA, Baidu, Tesla, DiDi, and AB Volvo. The global robotaxi market has been segmented as follows: RoboTaxi Market by Autonomy Level 4 Level 5 RoboTaxi Market by Fuel
ICE Hybrid Fully Electric RoboTaxi Market by Application Public Transport Others RoboTaxi Market by Vehicle Cars Shuttles Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php? rep_id=65897&ltype=S About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decisionmakers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research 90 Sate Street, Suite 700 Albany, NY 12207 Tel: +15186181030 USA – Canada Toll Free: 8665523453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com
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