Global Robo-Taxi Market is expected to register a healthy CAGR of 113.10% in the forecast period of 2019-2026. The rise in the market can be attributed to the growing demand for autonomic, fuel efficient & emission free vehicles, and the need to eliminate road accidents improving the level of road safety.
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Major Key players profiled in this report are:
Waymo LLC, Daimler AG., GM Cruise LLC., Aptiv., AB Volvo, Google, Ridecell, Inc, Tesla, Uber Technologies Inc., Volkswagen AG, Lyft, Inc., Ford Motor Company, General Motors., BMW AG, TOYOTA MOTOR CORPORATION, Robert Bosch GmbH, Continental AG, DENSO CORPORATION., NVIDIA Corporation and Mobileye among others.
Robo-Taxi or Robo-Cab, are taxis that are self-driven, without a chauffeur. They are autonomous cars of autonomic level 4 or level 5 operated for a virtual hailing service. They are fuel efficient vehicles, which do not emit any harmful carbon gases, thereby protecting the environment. These eco-friendly automated vehicles, consume less battery, less cost, and thereby reduce the cost of operating cars.
Major Market Drivers:
- Eliminating drivers from taxis would reduce the overall operational cost, thereby making it cost-effective
- The need to reduce the level of accidents that arise due to manual errors to ensure safer roads a better traffic control would drive the growth of this market
- The need to reduce the level of carbon emissions from diesel operated cars and to move towards a more sustainable and eco-friendly environment stimulates the growth of this market
- The rising demand for autonomous vehicles, which consume less battery and less gass boosts the growth of robo-taxis
- The threat and tension that automation would replace the need for human chauffeurs. Thus, the resistance from chauffeurs would restrain the growth of this market
- High research and development cost would be required for the development of robo-taxis
- The rising threat from hackers restrains the growth of this market
Table of Contents:
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- Global, By Component
- Product Type
- Industry Type
- Company Landscape
- Company Profiles
- Related Reports
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The Robo-Taxi Market contains company profiles of all the major players and brands. Because businesses can achieve great benefits with the different segments covered in the market research report, every bit of market that can be included here is covered watchfully. An analytical assessment of the competitors provides a clear idea of the most important challenges faced by them in the existing market and in upcoming years. This global market report additionally encompasses predictions utilizing a practical arrangement of uncertainties and techniques.
Market Segmentation: Global Robo-Taxi Market
By Component (Camera, LiDAR, Radar, Ultrasonic Sensors)
By Application (Goods, Passenger)
By Service (Rental, Station-Based)
By Level of Autonomy (L4, L5), Propulsion (Electric, Fuel Cell, Hybrid)
By Vehicle (Car, Van/Shuttle)
By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Why to purchase this report?
Following are the reasons to consider this Robo-Taxi Market report:
- This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
- The report analyzes various factors which act as drivers and restraints to development the overall market.
- This report not only analyzes present market condition but it likewise estimates how the market is going to perform for estimated time period of 2019-2026.
- It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure
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