Global Robo Taxi Market Overview
Robot taxis are self-driving taxis and vehicles that run with no human intervention through on-demand and ride-sharing transport services. Since there is no human error when riding, the chance of a crash is almost zero. Various cameras, RADAR, LiDAR, and other smooth operation sensors are used in these self-driving taxis. They are often connected to a mobile or tablet and have internet access, allowing them to optimise their operations on a regular basis. These are autonomous cars with a degree of autonomy of 4 or 5 that are used for a virtual hailing service. These are fuel-efficient vehicles that emit no harmful carbon dioxide and are environmentally friendly. These environmentally friendly automated vehicles are considered to use less battery and have lower running costs. Robo taxi would be a practical, cost-effective, and secure mode of transportation. 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%.
Impact of Covid-19 pandemic on market
The global effect of the COVID-19 pandemic has been unparalleled and staggering, with robotaxi experiencing strong demand in all regions during the pandemic. Strict controls on cross-border trade have harmed many nations. The car industry has been severely impacted by the global pandemic and is facing several challenges. The automotive industry contributes significantly to the global economy. Many industrial plants have been shuttered around the world. During the coronavirus pandemic, for example, Volkswagen and Daimler declared the temporary closure of their European manufacturing plants.
Global Robo Taxi Market Dynamics
Rising initiatives by government bodies
To combat the economic downturn, policymakers around the world are implementing a variety of initiatives to boost manufacturing. For example, the Indian government launched the "Make in India" initiative in 2014 to encourage international manufacturing companies to set up shop in the country. In exchange, the government provides various incentives such as reduced taxes and subsidies.
Growth in business operations by emerging and small sized players
One of the major factors driving the growth of the robo-taxi industry is the rise in demand for self-driving vehicles around the world as a result of vehicle automation. Robo-taxi services have been launched by OEMs in collaboration with autonomous driving system providers and fleet managers. Since the majority of advancements are occurring in the field of electric vehicles, the Robo-taxi market will begin with electric-powered vehicles. Companies are pouring billions of dollars into Robo-taxis in order to grow autonomous driving, communication, electrification, and shared mobility, which will propel the industry forward.
Global Robo Taxi Market Segmentation
Robo Taxi market is segmented based on component, type, vehicle, application, and region.
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
On the basis of component, the Robo Taxi market is segmented into Camera, LIDAR, Radar and ultrasonic sensors. Based on type, the target market is segmented into hybrid vehicles, electric vehicles and fuel cell. On the basis of vehicle, the target market us segmented into car and shuttle/van. On the basis of application, the target market is segmented into Passenger transport and goods transport.
Regional Insights:
On region the Robo Taxi market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to lead the market. This is because high-end innovations are becoming more widely used. The adoption of autonomous vehicles in the area is being driven by factors such as an increase in the number of road accidents, rising customer disposable income, and increasing traffic congestion. Because of the various development projects undertaken by the government across the country, North America is projected to be the second-largest region in the sector.
Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2030 |
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Market Segmentation |
By Component- camera, LIDAR, Radar and ultrasonic sensors By Type– hybrid vehicles, electric vehicles and fuel cells By vehicle- Car and shuttle/van By Application– passenger transport and goods transport |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Robo Taxi market report based on component, type, vehicle, application, and region.
Robo Taxi Market, By Region:
- North America
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
-
- U.S.
- Canada
- Middle East & Africa
Global Robo Taxi Market Key Players
The key players operating in the 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 organisation is concentrating on the deployment of a variety of advanced batteries and electric vehicles.
Global Robo Taxi Market Company Profile
Company Profile:
- Tesla Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 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
- Others
“*” marked represents similar segmentation in other categories in the respective section
Global Robo Taxi Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for Robo Taxi Strategies
- Key Questions this Study will Answer
- Market Snippet, By Component
- Market Snippet, By Type
- Market Snippet, By Vehicle
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Market Segmentation, By Component, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Camera
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- LIDAR
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Radar
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Ultrasonic sensors
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Hybrid vehicles
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Electric vehicles
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Fuel cell
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Vehicle, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Car
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Shuttle/van.
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Market Segmentation, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Passenger Transport
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Goods Transport
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Patients, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Patients, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
-
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Patients, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Patients, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Patients, 2020 – 2030
- Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Tesla Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 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
- Others
The Last Word
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- Future Impact
- About Us
- Contact
FAQs
Robo Taxi market is segmented based on component, type, vehicle, application, and region.
One of the major factors driving the growth of the robo-taxi industry is the rise in demand for self-driving vehicles around the world as a result of vehicle automation.
Asia Pacific is expected to lead the market. This is because high-end innovations are becoming more widely used.
In the robo taxi industry, Tesla Inc. is a major player. The organisation is concentrating on the deployment of a variety of advanced batteries and electric vehicles.