Market Highlights
Robo-taxis are also known as unmanned vehicles that move autonomously. Most of the robo-taxis feature electric powertrains, which should offer lower operating costs for fleet managers. The global robo-taxi market is expected to witness exponential growth during the forecast period. The increasing car service and the production and sales of autonomous vehicles from countries such as China, Germany, US, and Japan drive the growth of the global robo-taxi market. Additionally, the rising production and sales of electric vehicles globally also increases the growth of the global market, significantly. Furthermore, growing development and investment by manufacturers and operators in shared mobility, connectivity, and electrification drives the growth of global robo-taxi market.
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Key Players
The companies considered for the study of global robo-taxi market are Waymo LLC (US), Tesla Inc. (US), Robert Bosch Gmbh (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), General Motors (US), Lyft, Inc. (US), Aptiv (Ireland), GM Cruise LLC (US), Ridecell, Inc (US), Navya (France), and EasyMile (France).
The key strategies adopted by these key players to sustain their market position are product development, acquisitions, collaborations, and contracts and agreements. For instance, on March 2019, Waymo announced to open a new technical service center in Arisona for autonomous taxi. However, in 2017, Honda released an autonomous concept car, NeuV, that aims at being a personal robo-taxi.
Market Research Analysis
On the basis of region, the global market for robo-taxi is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to witness a significant growth during the forecast period owing to the growing car rental industry in the US and Canada. Moreover, the growing collaborations between robo-taxi manufacturers and car service companies is expected to boost the demand for robo-taxi in this region. For instance, the collaboration between Tesla, Uber, and Lyft for 1 million robo taxi-ready cars on the road by 2020, will further drive the growth of the market in this region.
However, Asia-Pacific is expected to hold the highest market share throughout the forecast period due to the growing automotive fleet and rising focus on vehicle safety. Additionally, the growing investments and the continuous improvement in rob-taxi technology will further drive the market in Asia-Pacific. In Europe, the presence of key automotive manufacturers, such as Continental AG and Robert Bosch, are contributing to the growth of this market.
Scope of the Report
This study provides an overview of the global robo-taxi market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global robo-taxi market by component, service type, vehicle type, propulsion, application, and region.
By Component
Lidar
Radar
Sensors
Others
By Service Type
Station-Based Carsharing
Car Rental
By Vehicle Type
Passenger Car
Commercial Vehicle
By Propulsion
Electric
Battery
Hybrid
By Application
Residential
Non-Residential
By Regions
North America
Asia-Pacific
Europe
Rest of the World
Table Of Contents
1. Executive Summary
- Scope Of The Report
2.1. Market Definition
2.2. Scope Of The Study
2.2.1. Definition
2.2.2. Research Objective
2.2.3. Assumptions
2.2.4. Limitations
2.3. Research Process
2.3.1. Primary Research
2.3.2. Secondary Research
2.4. Market Size Estimation
2.5. Forecast Model
- Market Landscape
3.1. Porter’s Five Forces Analysis
3.1.1. Threat Of New Entrants
3.1.2. Bargaining Power Of Buyers
3.1.3. Threat Of Substitutes
3.1.4. Segment Rivalry
3.1.5. Bargaining Power Of Buyers
3.2. Value Chain/Supply Chain Analysis
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