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Global Robotaxi Market Analysis, 2021

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    Report

  • 243 Pages
  • May 2021
  • Region: Global
  • MarkNtel Advisors LLP
  • ID: 5439588

Market Overview


Robotaxis, also known as driverless or self-driving taxis, are autonomous cars that operate in e-hailing services. These taxis do not have an actual driver driving the vehicle, and passengers can book their ride through their smartphone application.

According to the publisher's research report, Global Robotaxi Market Analysis, 2021, the market is likely to grow at a CAGR of around 60% during 2021-26 due to the surging demand for e-hailing services and mounting concerns over road safety & emissions. Robotaxis can help reduce the cost of vehicle ownership, enhance fleet management, and provide a convenient & budget mode of transportation. Further, the rising trend of offering mobility as a service via Robotaxis shall present a sustainable revenue stream in the forecast period. In addition to this, burgeoning investments by industry leaders to enhance connectivity shall also actively drive market growth.

Impact of COVID-19


The sudden outbreak of the COVID-19 pandemic has adversely affected the overall automotive market. The Global Robotaxi market also witnessed unprecedented loss amid the pandemic owing to the lockdown imposed & strict restriction on cross-border trade laid by the government. Also, the temporary shutdown of manufacturing plants affected the production capacity of the market. However, as the market resumes, the collective efforts of the government and market players are likely to boost the market growth in the coming years.

Market Segmentation


Passenger Car Accounted for the Largest Market Share


Based on the Application, the market segments into Good Transportation, Passenger Transportation, Infotainment, and Driver Assistance. In the last two years, the Passenger Transportation segment acquired the largest share in the Global Robotaxi Market as passenger cars reduce the cost of car ownership, provide a convenient mode of transportation, and lower the number of road accidents. Autonomous passenger cars help reduce traveling costs and are much more efficient than conventional cars. Moreover, since conventional cars are the primary source of air pollution, it shall accelerate the demand for autonomous passenger taxis, reveals the author in their research report, Global Robotaxi Market Analysis, 2021.

Car Segment Attained the Highest Market Share


Based on the Vehicle Type, the market bifurcates into Car and Shuttle/Van. The Car segment held the largest share in the Global Robotaxi Market in previous year. The top market players are investing in the development of Robotaxis to promote autonomous driving and enhance connectivity & electrification in the automotive industry. Additionally, the growing trend of shared mobility is driving the growth of the market.

Further, the use of the autonomous car for delivery and courier pick-up services by small businesses could be one of the crucial factors for the growth of the Robotaxi market.

Regional Landscape


Asia-Pacific Dominated the Market


Geographically, the Asia Pacific region dominated the Global Robotaxi Market in previous year and is likely to maintain its dominance in the market during the forecast period due to the rapidly expanding automotive industry and surging adoption of advanced technologies in developing countries, such as India, China, and Japan. Further, the increasing number of road accidents and rising traffic congestions in the region are the primary factors propelling the growth of the Robotaxi market. Moreover, the mounting government initiatives to promote the adoption of electric vehicles for emission & traffic control in the Asia Pacific countries also propel the market growth.

Market Driver


Mounting Need for Traffic Control Boosting the Market Growth


Robo-taxis have numerous advantages over conventional vehicles, including better safety and reduced traffic congestion & pollution. An autonomous vehicle consists of sensors that help cars sense any obstacle in their way, thereby eliminating the probabilities of accidents.

Moreover, Robotaxis move at a controlled pace; hence, they help reduce fuel usage. Therefore, the rising need for traffic control shall fuel the Robotaxi market growth across the world.

Competitive Landscape


According to the publishers, the major leading players in the global Robotaxi market are Cruise LLC (a subsidiary of General Motor Company), Daimler AG, Ford Motor Company, Lyft, Inc., Nissan Motor Corporation, Tesla, Uber Technologies, Volkswagen AG, Volvo Group, and WAYMO LLC (a subsidiary of Alphabet Inc.)

Key Questions Answered in the Market Research Report:


1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Robotaxi Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Robotaxi Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Robotaxi Market based on a competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the Global Robotaxi Market study?

Table of Contents

1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Preface3. Executive Summary4. Impact of COVID-19 on Global Robotaxi Market5. Global Robotaxi Market Trends & Insights
6. Global Robotaxi Market Dynamics
6.1. Drivers
6.2. Challenges
6.3. Impact Analysis
7. Global Robotaxi Market Hotspots & Opportunities8. Global Robotaxi Market Regulations & Policy
9. Global Robotaxi Market Outlook, 2016- 2026F
9.1. Market Size & Analysis
9.1.1. By Revenue
9.1.2. By Units
9.2. Market Share & Analysis
9.2.1. By Application
9.2.1.1. Good Transportation
9.2.1.2. Passenger Transporation
9.2.1.3. Infotainment and Driver Assistance
9.2.2. By Component
9.2.2.1. LiDAR
9.2.2.2. RADAR
9.2.2.3. Camera
9.2.2.4. Sensor
9.2.3. By Propulsion Type
9.2.3.1. Electric Vehicles
9.2.3.2. Fuel Cell Vehicles
9.2.3.3. Hybrid Vehicles
9.2.4. By Level of Autonomy
9.2.4.1. Level 4
9.2.4.2. Level 5
9.2.5. By Vehicle
9.2.5.1. Car
9.2.5.2. Shuttle/Van
9.2.6. By Region
9.2.6.1. North America
9.2.6.2. South America
9.2.6.3. Europe
9.2.6.4. Middle East & Africa
9.2.6.5. Asia-Pacific
9.2.7. By Competitors
9.2.7.1. Competition Characteristics
9.2.7.2. Market Share & Analysis
9.2.7.3. Competitive Metrix
10. North America Robotaxi Market Outlook, 2016-2026F
10.1. Market Size & Analysis
10.1.1. By Revenue
10.1.2. By Units
10.2. Market Share & Analysis
10.2.1. By Application
10.2.2. By Component
10.2.3. By Propulsion Type
10.2.4. By Level of Autonomy
10.2.5. By Vehicle
10.2.6. By Country
10.2.6.1. The US
10.2.6.2. Canada
10.2.6.3. Mexico
10.3. The US Robotaxi Market Outlook, 2016-2026F
10.3.1. Market Size & Analysis
10.3.1.1. By Revenue
10.3.1.2. By Units
10.3.2. Market Share & Analysis
10.3.2.1. By Application
10.3.2.2. By Component
10.3.2.3. By Propulsion Type
10.3.2.4. By Level of Autonomy
10.3.2.5. By Vehicle
10.4. Canada Robotaxi Market Outlook, 2016-2026F
10.4.1. Market Size & Analysis
10.4.1.1. By Revenue
10.4.1.2. By Units
10.4.2. Market Share & Analysis
10.4.2.1. By Application
10.4.2.2. By Component
10.4.2.3. By Propulsion Type
10.4.2.4. By Level of Autonomy
10.4.2.5. By Vehicle
10.5. Mexico Robotaxi Market Outlook, 2016-2026F
10.5.1. Market Size & Analysis
10.5.1.1. By Revenue
10.5.1.2. By Units
10.5.2. Market Share & Analysis
10.5.2.1. By Application
10.5.2.2. By Component
10.5.2.3. By Propulsion Type
10.5.2.4. By Level of Autonomy
10.5.2.5. By Vehicle
11. South America Robotaxi Market Outlook, 2016-2026F
11.1. Market Size & Analysis
11.1.1. By Revenue
11.1.2. By Units
11.2. Market Share & Analysis
11.2.1. By Application
11.2.2. By Component
11.2.3. By Propulsion Type
11.2.4. By Level of Autonomy
11.2.5. By Vehicle
11.2.6. By Country
11.2.6.1. Brazil
11.2.6.2. Argentina
11.2.6.3. Others
11.3. Brazil Robotaxi Market Outlook, 2016-2026F
11.3.1. Market Size & Analysis
11.3.1.1. By Revenue
11.3.1.2. By Units
11.3.2. Market Share & Analysis
11.3.2.1. By Application
11.3.2.2. By Component
11.3.2.3. By Propulsion Type
11.3.2.4. By Level of Autonomy
11.3.2.5. By Vehicle
11.4. Argentina Robotaxi Market Outlook, 2016-2026F
11.4.1. Market Size & Analysis
11.4.1.1. By Revenue
11.4.1.2. By Units
11.4.2. Market Share & Analysis
11.4.2.1. By Application
11.4.2.2. By Component
11.4.2.3. By Propulsion Type
11.4.2.4. By Level of Autonomy
11.4.2.5. By Vehicle
12. Europe Robotaxi Market Outlook, 2016-2026F
12.1. Market Size & Analysis
12.1.1. By Revenue
12.1.2. By Units
12.2. Market Share & Analysis
12.2.1. By Application
12.2.2. By Component
12.2.3. By Propulsion Type
12.2.4. By Level of Autonomy
12.2.5. By Vehicle
12.2.6. By Country
12.2.6.1. Germany
12.2.6.2. The UK
12.2.6.3. France
12.2.6.4. Italy
12.2.6.5. Spain
12.2.6.6. Russia
12.2.6.7. Others
12.3. Germany Robotaxi Market Outlook, 2016-2026F
12.3.1. Market Size & Analysis
12.3.1.1. By Revenue
12.3.1.2. By Units
12.3.2. Market Share & Analysis
12.3.2.1. By Application
12.3.2.2. By Component
12.3.2.3. By Propulsion Type
12.3.2.4. By Level of Autonomy
12.3.2.5. By Vehicle
12.4. The UK Robotaxi Market Outlook, 2016-2026F
12.4.1. Market Size & Analysis
12.4.1.1. By Revenue
12.4.1.2. By Units
12.4.2. Market Share & Analysis
12.4.2.1. By Application
12.4.2.2. By Component
12.4.2.3. By Propulsion Type
12.4.2.4. By Level of Autonomy
12.4.2.5. By Vehicle
12.5. France Robotaxi Market Outlook, 2016-2026F
12.5.1. Market Size & Analysis
12.5.1.1. By Revenue
12.5.1.2. By Units
12.5.2. Market Share & Analysis
12.5.2.1. By Application
12.5.2.2. By Component
12.5.2.3. By Propulsion Type
12.5.2.4. By Level of Autonomy
12.5.2.5. By Vehicle
12.6. Italy Robotaxi Market Outlook, 2016-2026F
12.6.1. Market Size & Analysis
12.6.1.1. By Revenue
12.6.1.2. By Units
12.6.2. Market Share & Analysis
12.6.2.1. By Application
12.6.2.2. By Component
12.7. Spain Robotaxi Market Outlook, 2016-2026F
12.7.1. Market Size & Analysis
12.7.1.1. By Revenue
12.7.1.2. By Units
12.7.2. Market Share & Analysis
12.7.2.1. By Application
12.7.2.2. By Component
12.7.2.3. By Propulsion Type
12.7.2.4. By Level of Autonomy
12.7.2.5. By Vehicle
12.8. Russia Robotaxi Market Outlook, 2016-2026F
12.8.1. Market Size & Analysis
12.8.1.1. By Revenue
12.8.1.2. By Units
12.8.2. Market Share & Analysis
12.8.2.1. By Application
12.8.2.2. By Component
12.8.2.3. By Propulsion Type
12.8.2.4. By Level of Autonomy
12.8.2.5. By Vehicle
13. Middle East & Africa Robotaxi Market Outlook, 2016-2026F
13.1. Market Size & Analysis
13.1.1. By Revenue
13.1.2. By Units
13.2. Market Share & Analysis
13.2.1. By Application
13.2.2. By Component
13.2.3. By Propulsion Type
13.2.4. By Level of Autonomy
13.2.5. By Vehicle
13.2.6. By Country
13.2.6.1. UAE
13.2.6.2. Saudi Arabia
13.2.6.3. South Africa
13.2.6.4. Others
13.3. UAE Robotaxi Market Outlook, 2016-2026F
13.3.1. Market Size & Analysis
13.3.1.1. By Revenue
13.3.1.2. By Units
13.3.2. Market Share & Analysis
13.3.2.1. By Application
13.3.2.2. By Component
13.3.2.3. By Propulsion Type
13.3.2.4. By Level of Autonomy
13.3.2.5. By Vehicle
13.4. Saudi Arabia Robotaxi Market Outlook, 2016-2026F
13.4.1. Market Size & Analysis
13.4.1.1. By Revenue
13.4.1.2. By Units
13.4.2. Market Share & Analysis
13.4.2.1. By Application
13.4.2.2. By Component
13.4.2.3. By Propulsion Type
13.4.2.4. By Level of Autonomy
13.4.2.5. By Vehicle
13.5. South Africa Robotaxi Market Outlook, 2016-2026F
13.5.1. Market Size & Analysis
13.5.1.1. By Revenue
13.5.1.2. By Units
13.5.2. Market Share & Analysis
13.5.2.1. By Application
13.5.2.2. By Component
13.5.2.3. By Propulsion Type
13.5.2.4. By Level of Autonomy
13.5.2.5. By Vehicle
14. Asia Pacific Robotaxi Market Outlook, 2016-2026F
14.1. Market Size & Analysis
14.1.1. By Revenue
14.1.2. By Units
14.2. Market Share & Analysis
14.2.1. By Application
14.2.2. By Component
14.2.3. By Propulsion Type
14.2.4. By Level of Autonomy
14.2.5. By Vehicle
14.2.6. By Country
14.2.6.1. China
14.2.6.2. India
14.2.6.3. Japan
14.2.6.4. South Korea
14.2.6.5. Australia
14.2.6.6. Others
14.3. China Robotaxi Market Outlook, 2016-2026F
14.3.1. Market Size & Analysis
14.3.1.1. By Revenue
14.3.1.2. By Units
14.3.2. Market Share & Analysis
14.3.2.1. By Application
14.3.2.2. By Component
14.3.2.3. By Propulsion Type
14.3.2.4. By Level of Autonomy
14.3.2.5. By Vehicle
14.4. India Robotaxi Market Outlook, 2016-2026F
14.4.1. Market Size & Analysis
14.4.1.1. By Revenue
14.4.1.2. By Units
14.4.2. Market Share & Analysis
14.4.2.1. By Application
14.4.2.2. By Component
14.4.2.3. By Propulsion Type
14.4.2.4. By Level of Autonomy
14.4.2.5. By Vehicle
14.5. Japan Robotaxi Market Outlook, 2016-2026F
14.5.1. Market Size & Analysis
14.5.1.1. By Revenue
14.5.1.2. By Units
14.5.2. Market Share & Analysis
14.5.2.1. By Application
14.5.2.2. By Component
14.5.2.3. By Propulsion Type
14.5.2.4. By Level of Autonomy
14.5.2.5. By Vehicle
14.6. South Korea Robotaxi Market Outlook, 2016-2026F
14.6.1. Market Size & Analysis
14.6.1.1. By Revenue
14.6.1.2. By Units
14.6.2. Market Share & Analysis
14.6.2.1. By Application
14.6.2.2. By Component
14.6.2.3. By Propulsion Type
14.6.2.4. By Level of Autonomy
14.6.2.5. By Vehicle
14.7. Australia Robotaxi Market Outlook, 2016-2026F
14.7.1. Market Size & Analysis
14.7.1.1. By Revenue
14.7.1.2. By Units
14.7.2. Market Share & Analysis
14.7.2.1. By Application
14.7.2.2. By Component
14.7.2.3. By Propulsion Type
14.7.2.4. By Level of Autonomy
14.7.2.5. By Vehicle
15. Key Strategic Imperatives for Success and Growth
16. Competition Outlook
16.1. Competition Matrix
16.1.1. Product Portfolio
16.1.2. Target Markets
16.1.3. Target End Users
16.1.4. Research & Development
16.1.5. Strategic Alliances
16.1.6. Strategic Initiatives
16.2. Company Profiles
16.2.1. Cruise LLC (subsidiary of General Motor Company)
16.2.2. Daimler AG
16.2.3. Ford Motor Company
16.2.4. Lyft, Inc.
16.2.5. Nissan Motor Corporation
16.2.6. Tesla
16.2.7. Uber Technologies
16.2.8. Volkswagen AG
16.2.9. Volvo Group
16.2.10. WAYMO LLC (subsidiary of Alphabet Inc.)
17. Disclaimer

Companies Mentioned

  • Cruise LLC (subsidiary of General Motor Company)
  • Daimler AG
  • Ford Motor Company
  • Lyft Inc.
  • Nissan Motor Corporation
  • Tesla
  • Uber Technologies
  • Volkswagen AG
  • Volvo Group
  • WAYMO LLC (subsidiary of Alphabet Inc.)

Methodology

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