DUBLIN, Dec. 31, 2020 /PRNewswire/ -- The "Robo-Taxi - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
Global Robo-Taxi market accounted for $130 million in 2019 and is expected to reach $7.42 billion by 2027 growing at a CAGR of 65.8% during the forecast period.
Increase in government initiatives, rise in investments by the top players in the automation industry and increasing demand for fuel-efficient and emission-free vehicles are some of the factors propelling the growth of the market. However, high R&D cost for implementation and cyber-security threats are hampering the growth of the market.
Robo-taxies are the self-driving taxis that are autonomous vehicles, which are operated by an on-demand mobility service. The emergence of robo-taxi is driven by its benefits, such as getting better fleet management and dropping the cost of ownership.
Based on the vehicle, the car segment is anticipated to hold considerable market share during the forecast period due to the robotic assistance used for delivery, supplies pick up, and other routine tasks by autonomous cars for small businesses and adopting advanced production technologies in the race to deploy autonomous vehicles.
By geography, Asia Pacific is expected to grow at a significant market share during the forecast period owing to the growing concern about pollution, increasing the number of vehicles on the road that has led to traffic congestion and increasing demand for electric cars in China and Japan.
Some of the key players profiled in the Robo-Taxi Market include NAVYA SAS, Waymo LLC (Google), Nutonomy (Aptiv), Uber Technologies, MOIA, Cruise Automation (General Motors), Ridecell Inc, AB Volvo, Beijing Xiaoju Technology Co., Ltd., Tesla, Easy Ride (Nissan & Dena), Daimler AG, Lyft Inc., Ford Motor Company, Volkswagen Group, Volvo, Zoox, EasyMile, Didi Chuxing Technology Co, and ZF Friedrichshafen AG.
What the Report offers:
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
Key Topics Covered:
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources
3 Market Trend Analysis
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Robo-Taxi Market, By Vehicle
5.3 Goods Van
6 Global Robo-Taxi Market, By Service
6.2 Station-based Car Sharing
7 Global Robo-Taxi Market, By Level of Autonomy
7.2 Level 5 (L5)
7.3 Level 4 (L4)
8 Global Robo-Taxi Market, By Propulsion
8.2 Electric/Fully Electric
8.3 Fuel Cell
8.5 Internal Combustion Engine (ICE)
9 Global Robo-Taxi Market, By Component
9.2 Ultrasonic Sensors
9.5 Light Detection and Ranging (LiDAR)
10 Global Robo-Taxi Market, By Application
10.3 Passenger Transportation
11 Global Robo-Taxi Market, By End User
12 Global Robo-Taxi Market, By Geography
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.5 Other Key Strategies
14 Company Profiling
14.1 Navya SAS
14.2 Waymo LLC (Google)
14.3 Nutonomy (Aptiv)
14.4 Uber Technologies
14.6 Cruise Automation (General Motors)
14.7 Ridecell Inc
14.8 AB Volvo
14.9 Beijing Xiaoju Technology Co., Ltd.
14.11 Easy Ride (Nissan & Dena)
14.12 Daimler AG
14.13 Lyft Inc.
14.14 Ford Motor Company
14.15 Volkswagen Group
14.19 Didi Chuxing Technology Co
14.20 ZF Friedrichshafen AG
For more information about this report visit https://www.researchandmarkets.com/r/u3gonj
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
View original content:http://www.prnewswire.com/news-releases/global-robo-taxi-markets-report-2020-2027-rise-in-investments-by-the-top-players-in-the-automation-industry-and-increasing-demand-for-fuel-efficient-and-emission-free-vehicles-301199623.html
SOURCE Research and Markets