Robo Taxi Market is estimated to be US$ 45.4 billion by 2030 with a CAGR of 59.2% during the forecast period
The Robo taxi market accounted for US$ 0.45
billion in 2020 and is estimated to be US$ 45.4 billion by 2030 and is
anticipated to register a CAGR of 59.2%. Robot taxis are self-driving taxis and
vehicles that provide on-demand and ride-sharing transportation services
without the need for human involvement. Since there is no space for human error
when riding, the chances of crashing are nearly minimal. These self-driving
taxis use a variety of cameras, RADAR, LiDAR, and other smooth operation sensors.
They are often linked to a cell phone or tablet and have internet access,
enabling them to regularly optimise their operations. These are self-driving
cars with a level of autonomy of 4 or 5, which are used to provide a virtual
taxi service. These are environmentally friendly, fuel-efficient vehicles that
emit no harmful carbon dioxide.
The report “Global Robo Taxi Market, By
Component (Camera, LIDAR, Radar And Ultra Sonic Sensors), By Type, (Hybrid
Vehicles, Electric Vehicles And Fuel Cell), By Vehicle (Car And Shuttle/Van),
By Application (Passenger Transport And Goods Transport) And By Region (North
America, Europe, Asia Pacific, Latin America, And Middle East & Africa) -
Market Trends, Analysis, And Forecast Till 2030”
Key Highlights:
·
Hyundai
announced on January 18th, 2021 that they are in talks with Apple to reduce
high production costs in the creation of Apple's autonomous vehicle.
·
In December
2020, Amazon Zoox debuted the first self-driving electric taxi, which is specifically
designed for ride-hailing.
Analyst View:
The increase in demand for self-driving vehicles
around the world as a result of vehicle automation is one of the major factors
driving the robo-taxi industry's growth. The Robo-taxi market will start with
electric-powered vehicles because the majority of advances are occurring in the
field of electric vehicles. Companies are investing billions of dollars in
Robo-taxis in order to expand autonomous driving, connectivity,
electrification, and shared mobility, all of which would help the industry
advance.
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Key Market Insights from the report:
The global Robo taxi market accounted for US$
0.45 billion in 2020 and is estimated to be US$ 45.4 billion by 2030 and is
anticipated to register a CAGR of 59.2%. The Global Robo Taxi Market is
segmented based on the by component, type, vehicle, application, and region.
·
By component,
the Global Robo Taxi Market is segmented into camera, LIDAR, Radar and ultra sonic sensors.
·
By type, the
Global Robo Taxi market is segmented into hybrid vehicles, electric vehicles and fuel cell.
·
By Vehicle,
the Global Robo Taxi market is segmented into Car and Shuttle/van.
·
By
Application, the Global Robo Taxi Market is segmented into passenger transport
and goods transport.
·
By region, the
Global Robo Taxi Market is segmented into North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa.
Competitive Landscape:
The key players operating in the global Robo Taxi market includes
Tesla Inc., GM Cruise LLC., Ridecell, Waymo LLC, Aptiv, Uber technologies, Volkswagen AG, Daimler AG, Lyft
Inc., Baidu, Didi chuxing, Amazon, TOYOTA
MOTOR CORPORATION, Continental AG, DENSO CORPORATION and Others. In the global
robo taxi industry, Tesla Inc. is a major player.
The organizations is concentrating on the
deployment of a variety of advanced batteries and electric vehicles.
The market provides detailed information
regarding the industrial base, productivity, strengths, manufacturers, and
recent trends which will help companies enlarge the businesses and promote
financial growth. Furthermore, the report exhibits dynamic factors including
segments, sub-segments, regional marketplaces, competition, dominant key
players, and market forecasts. In addition, the market includes recent
collaborations, mergers, acquisitions, and partnerships along with regulatory
frameworks across different regions impacting the market trajectory. Recent
technological advances and innovations influencing the global market are
included in the report.
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Some Important Points Answered in this Market
Report Are Given Below:
·
Explains an
overview of the product portfolio, including product development, planning, and
positioning
·
Explains
details about key operational strategies with a focus on R&D strategies, corporate
structure, localization strategies, production capabilities, and financial
performance of various companies.
·
Detailed
analysis of the market revenue over the forecasted period.
·
Examining
various outlooks of the market with the help of Porter’s five forces analysis,
PEST & SWOT Analysis.
·
Study on the
segments that are anticipated to dominate the market.
·
Study on the
regional analysis that is expected to register the highest growth over the
forecast period
Key Topics Covered
1. Introduction
·
Study
Deliverables
·
Study
Assumptions
·
Scope of the
Study
2. Research Methodology
3. Executive Summary
·
Opportunity
Map Analysis
·
Market at
Glance
·
Market Share
(%) and BPS Analysis, by Region
·
Competitive
Landscape
·
Heat Map
Analysis
·
Market
Presence and Specificity Analysis
4. Investment Analysis
5. Competitive Analysis
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