DUBLIN--(BUSINESS WIRE)--The "Global Robo-Taxi Market Size, Trends and Growth Opportunity, By Application By Component, By Propulsion, By Region and Forecast to 2027." report has been added to ResearchAndMarkets.com's offering.
The Global Robo-Taxi Market was valued at US$1 billion in 2021 and it is expected to reach at US$35.7 billion in 2027 at a CAGR of 22.34 % during forecast period 2022-2027.
A robo-taxi is a self-driving car that may be rented for long trips or used as part of an e-hailing service via a smartphone application. Fleets of robo-taxis or autonomous taxis can travel millions of miles with greater efficacy, safety, and economy.
For future development while driving, a high-fidelity platform in robo-taxi servers collects ground-truth data utilizing various sensors.
Market Drivers
Airbags, a health monitoring system, and other safety and comfort-related features are all included in robo-taxis. To aid in traffic regulation, these devices monitor driver behaviour patterns and automatically analyse data from servers about traffic.
The need for better traffic management and road safety, as well as the demand for fuel-efficient and emission-free vehicles, all contribute to the rise of the robo taxi business.
Market Restraints
Due to the high cost of components like ultrasonic sensors, cameras, and LiDAR, deploying a full-fledged robotaxi service necessitates significant investments. Robotaxi fleet implementation and adoption are difficult and time-consuming processes. However, high R&D implementation costs and cybersecurity risks are anticipated to restrain the growth of the robo taxi industry.
Market Segmentation
The global robo-taxi market segmented into application, component, and propulsion. On the basis of application market is segmented into passenger transportation and freight transportation. On the basis of component market is segmented into camera, RADAR, LiDAR, and ultrasonic sensor. The propulsion system has been divided into three categories in electric, fuel cell, and hybrid.
Regional Analysis
Europe is anticipated to have a leading share of the global robo-taxi market throughout the projected period as a result of the region's growing EV adoption.
The market in Europe is also anticipated to be driven by the high presence of autonomous car manufacturers and the execution of government regulations to reduce vehicle emissions.
Key Question Addressed by the Report
- What are the Key Opportunities in Global Robo-Taxi Market?
- What will be the growth rate from 2022 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the role of key players in the value chain?
- What is the competitive Landscape in the industry?
Company Profiles
- Waymo LLC
- Tesla Inc.
- Umber Technologies Inc.
- Lift Inc.
- AB Volvo
- Ford Motor Company
- Auto Inc.
- Aptiva PLC
- NAVYA
- Cruise LLC
Key Topics Covered:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Robo-Taxi Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Robo-Taxi Market, By Application
5.1 Y-o-Y Growth Comparison, By Application
5.2 Global Robo-Taxi Market Share Analysis, By Application
5.3 Global Robo-Taxi Market Size and Forecast, By Application
5.3.1 Passenger Transportation
5.3.2 Freight Transportation
6 Global Robo-Taxi Market, By Component
6.1 Y-o-Y Growth Comparison, By Component
6.2 Global Robo-Taxi Market Share Analysis, By Component
6.3 Global Robo-Taxi Market Size and Forecast, By Component
6.3.1 Camera
6.3.2 Radar
6.3.3 LiDAR
6.3.4 Ultrasonic Sensor
7 Global Robo-Taxi Market, By Propulsion
7.1 Y-o-Y Growth Comparison, By Propulsion
7.2 Global Robo-Taxi Market Share Analysis, By Propulsion
7.3 Global Robo-Taxi Market Share Analysis, By Propulsion
7.3.1 Electric
7.3.2 Fuel Cell
7.3.3 Hybrid
8 Global Robo-Taxi Market, By Region
8.1 Global Robo-Taxi Market Share Analysis, By Region
8.2 Global Robo-Taxi Market Share Analysis, By Region
For more information about this report visit https://www.researchandmarkets.com/r/t3dhb6
