Report Description

A recent market intelligence report that is published by Data Insights Partner on Robo-Taxi Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Robo-Taxi Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Robo-Taxi Market is offered.

Market Insights:

In accordance with the report, the Robo-Taxi Market is projected to expand at a CAGR of X.X% over the period of forecast.  The global Robo-Taxi Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. However, due to the presence of developed and supportive infrastructure for electric vehicles and automobile facilities across the EU, Europe is predicted to experience a considerable rise during the projected period. Additionally, the presence of companies like Robert Bosch, Continental AG, ZF Friedrichshafen AG, and Aptiv that make components for robo-taxis has helped this region develop. An autonomous cab called Robo-Taxi is used to offer e-hailing (on-demand mobility) services. A robo-taxi is also referred to as a robo-cab, a driverless taxi, or a self-driving taxi. Control points for robo-taxis could be crucial technologies like sensors for autonomous vehicles, operating systems, or particular client touchpoints. The main benefit of this kind of taxi is that it might significantly minimise greenhouse gas emissions and is anticipated to require less energy. On the basis of component, service type, vehicle type, propulsion, and region, the global robo-taxi market is divided into segments. The global market has been divided into lidar, radar, sensors, and others based on component. During the forecast period, the sensors segment is anticipated to experience considerable expansion. The global market has been segmented into station-based carsharing and car rentals based on service type. During the forecast period, the category for car rentals is expected to hold a bigger market share. The commercial vehicle and passenger car segments of the global market have been separated based on the kind of vehicle. Due to the increasing demand for ride-sharing services internationally, the passenger car segment is anticipated to dominate the market throughout the study period.

Research Methodology:

To compile the detailed study of the global Robo-Taxi Market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Robo-Taxi Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Robo-Taxi Market.

COVID-19 Scenario Analysis:

The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Robo-Taxi Market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.

Segment Covered:

Robo-Taxi Market Compounded annual growth rates for all segments have also been provided for 2019 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Key Segments:

Robo-Taxi Market research report includes an in-depth coverage of the industry with estimates & forecast from 2023 to 2031, for the following segments:

Robo-Taxi Market, By Component, 2023-2031 (USD Million)

·         Lidar

·         Radar

·         Sensors

·         others

Robo-Taxi Market, By Type, 2023-2031 (USD Million)

·         Station-based Carsharing

·         Car Rental

Robo-Taxi Market, By Propulsion, 2023-2031 (USD Million)

·         Electric

·         Battery

·         Hybrid

Robo-Taxi Market, By Vertical, 2023-2031 (USD Million)

·         Passenger Car

·         Commercial Vehicle

Report Highlights:

The prime objective of the Robo-Taxi Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report's production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.

Robo-Taxi Market, By Region, 2023-2031 (USD Million)

·         North America ( United States, Canada, Mexico)

·         Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)

·         South Asia ( India, Pakistan and Bangladesh)

·         East Asia (China, Japan and South Korea)

·         South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)

·         Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)

·         Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)

·         South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)

·         Oceania (Australia and New Zealand)   

Companies Profiled:

To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Robo-Taxi Market:

Waymo LLC (US), Tesla Inc. (US), Robert Bosch Gmbh (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), General Motors (US), Lyft, Inc. (US),  Aptiv (Ireland), GM Cruise LLC (US), Ridecell, Inc (US), Navya (France), and EasyMile (France)

Robo-Taxi Market Report Highlights:

·         Detailed analysis of the parent market

·         Key players' strategies and products supplied in the competitive landscape

·         Market segmentation in depth analysis

·         Market size in terms of volume and value, past, present, and future scenario

·         Potential and specialty areas, as well as geographical regions with promising growth prospects

·         Market players use this information to maintain and expand their market presence, thus it's important to have an unbiased perspective on market performance.

·         Recent advancements and technological trends in the industry