Robo-Taxi Market | Size, Share, Trends, Growth Factors, Top Key Players, Future Scenario and Forecast by 2030

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Robo-Taxi Market | Size, Share, Trends, Growth Factors, Top Key Players, Future Scenario and Forecast by 2030


Global Robo-Taxi Market Research Report: Information, by Component (Lidar, Radar, Sensors and others), by Service Type (Station-based Car sharing and Car Rental), by Vehicle Type (Passenger Car and Commercial Vehicle), by Propulsion (Electric, Battery and Hybrid), by Application (Residential and Non-Residential) and by Region (North America, Europe, Asia-Pacific and the Rest of the World) – Forecast till 2030

Market Insight

The global Robo-taxi market 2020 is slowly starting to rebalance its position, as thanks to some of the prompting factors that are occurring amid coronavirus disease outbreak at the world level. Market Research Future has dug some of the essential information, which comes to be that the continuously variable transmission market will be witnessing growth graph at a higher percentage during the years 2014-2022 (forecasted period) at 53.8% CAGR.

Prominent Vendors

The global market for Robo-taxis is reasonably fragmented with the presence of a large number of leading players in the market such as Tesla Inc. (US), Waymo LLC (US), Continental AG (Germany), Robert Bosch Gmbh (Germany), General Motors (US), ZF Friedrichshafen AG (Germany), GM Cruise LLC (US), Aptiv (Ireland), and EasyMile (France).

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Notable Developments

While the personal landscape mobility is undergoing reflective changes, amongst which is Robo-taxis. Such types of taxis are emerging as a new trend that is changing consumer perception towards mobility as a service. Autonomous vehicles are gaining enormous recognition in the ever- evolving public transport landscape, which is now being included with a broader mix of mobility services.

The Robo-taxi market, despite being at a burgeoning stage, is snowballing at a towering valuation. With an increasing number of countries in the world these are focusing on integrating public transport with urban mobility solutions, the espousal of Robo-taxis has been expected to reach new heights in the coming years. Back in 2018, the sales of Robo-taxis in the public transport industry grabbed for 65% of the global sales, and the whole revenue share of the public transport landscape might be expected to reach nearly 90% by the year 2030.

The report by MRFR further entails that the massive sales potential of Robo-taxis in the public transport sector, global auto giants are foraying into the Robo-taxis market to influence lucrative opportunities. With well-known dynamics of the Robo-taxi market is commonly viewed through the lens of technology, the competitive landscape of the market is possible to be characterized by a rising number of collaborations between automakers and technology companies in the foreseeing years.

In case of point, in June 2019, Uber unveiled a third-generation of autonomous Robo-taxis in partnership with Volvo in the United States. The company further announced that it would begin with the testing of these cars by 2020.

The Robo-taxi market is profoundly inclined by motivating factors such as the race to deploy autonomous vehicles, need for better road safety and traffic control and demand for fuel-efficient and emission-free cars boost the market growth. However, machines jeopardizing human jobs possible to reduce full acceptance, high R amp; D cost for implementation and cybersecurity threats are impacting unconstructively on the growth of this market in the current market scenario.

Segment View

The global Robo-taxi market is further studied among the segments such as component, service type, vehicle type, propulsion, and application.

Depending on the component segment, the global market has included radar, lidar, sensors, and others. Among these, the sensors segment might witness remarkable growth during the forecast period.

Depending on the service type segment, the global market has included station-based car sharing and car rental. Among these, the car rental segment might hold larger sharer during the assessment period.

Depending on the vehicle type segment, the global market has included passenger car and commercial vehicle. Among these, the passenger car segment might lead the market throughout the study period owing to the increasing demand for ride-sharing services, globally.

Depending on the propulsion segment, the global market has included battery, electric, and hybrid.

Depending on the application segment, the global market has included residential and non- residential. The non-residential segment is also ready to inflate with a higher CAGR during the assessment period.

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Regional Front

Geographically, the global Robo-taxi market has been studied for significant regions such as Europe, North America, Asia-Pacific, and the rest of the world.

Asia-Pacific is approximate to hold the highest market share throughout the assessment period, owing to intensifying automotive infrastructure and rising population in Japan, China, and India. In fact, Asia-Pacific is also likely to witness the highest growth during the forecast period owing to the occurrence of developing countries with increasing economies, growing Robo-taxi industry, rapid urbanization, and growing focus on environment and vehicle safety.

However, Europe also might ready to witness remarkable growth during the forecast period owing to the incidence of developed and supportive infrastructure for electric vehicles and automobile facilities across the EU. Besides, the incidence of Robo-taxi component manufacturers such as Continental AG, ZF Friedrichshafen AG, Robert Bosch, and Aptiva has also contributed to the growth of this region.

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