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Global Robotaxi Market Research Report: Forecast (2021-2026)

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

FEATURED COMPANIES

  • Daimler AG
  • Ford Motor Company
  • Lyft Inc.
  • Nissan Motor Corporation
  • Tesla
  • Uber Technologies

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?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Daimler AG
  • Ford Motor Company
  • Lyft Inc.
  • Nissan Motor Corporation
  • Tesla
  • Uber Technologies
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation

2. Preface

3. Executive Summary

4. Impact of COVID-19 on Global Robotaxi Market

5. 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 & Opportunities

8. Global Robotaxi Market Regulations & Policy

9. Global Robotaxi Market Outlook, 2016- 2026F
9.1. Market Size & Analysis
9.2. Market Share & Analysis

10. North America Robotaxi Market Outlook, 2016-2026F
10.1. Market Size & Analysis
10.2. Market Share & Analysis
10.3. The US Robotaxi Market Outlook, 2016-2026F
10.4. Canada Robotaxi Market Outlook, 2016-2026F
10.5. Mexico Robotaxi Market Outlook, 2016-2026F

11. South America Robotaxi Market Outlook, 2016-2026F
11.1. Market Size & Analysis
11.2. Market Share & Analysis
11.3. Brazil Robotaxi Market Outlook, 2016-2026F
11.4. Argentina Robotaxi Market Outlook, 2016-2026F

12. Europe Robotaxi Market Outlook, 2016-2026F
12.1. Market Size & Analysis
12.2. Market Share & Analysis
12.3. Germany Robotaxi Market Outlook, 2016-2026F
12.4. The UK Robotaxi Market Outlook, 2016-2026F
12.5. France Robotaxi Market Outlook, 2016-2026F
12.6. Italy Robotaxi Market Outlook, 2016-2026F
12.7. Spain Robotaxi Market Outlook, 2016-2026F
12.8. Russia Robotaxi Market Outlook, 2016-2026F

13. Middle East & Africa Robotaxi Market Outlook, 2016-2026F
13.1. Market Size & Analysis
13.2. Market Share & Analysis
13.3. UAE Robotaxi Market Outlook, 2016-2026F
13.4. Saudi Arabia Robotaxi Market Outlook, 2016-2026F
13.5. South Africa Robotaxi Market Outlook, 2016-2026F

14. Asia Pacific Robotaxi Market Outlook, 2016-2026F
14.1. Market Size & Analysis
14.2. Market Share & Analysis
14.3. China Robotaxi Market Outlook, 2016-2026F
14.4. India Robotaxi Market Outlook, 2016-2026F
14.5. Japan Robotaxi Market Outlook, 2016-2026F
14.6. South Korea Robotaxi Market Outlook, 2016-2026F
14.7. Australia Robotaxi Market Outlook, 2016-2026F

15. Key Strategic Imperatives for Success and Growth

16. Competition Outlook
16.1. Competition Matrix
16.2. Company Profiles

17. Disclaimer
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 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.)
Note: Product cover images may vary from those shown
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