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Pulished Date April, 2021
ID: 9833
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Global Robo Taxi Market - Segmentation By Application (Goods, Passenger), By Level of Autonomy (L4, L5), By Vehicle (Car, Shuttle/Van), By Service (Rental, Station-based), By Propulsion (Electric, Hybrid, Fuel Cell) - Industry Analysis, Market Size, Share, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 9833
Pages: 175

Global Robo Taxi Market Size & Growth (2021 – 2026)

The global Rob Taxi market is anticipated to register a CAGR of about 120.52% during the foreseen period (2021 – 2026).

With the introduction of automation in vehicles, the necessity for a person's driver has been reduced, thereby reducing the probabilities of accidents caused because of human errors. However, a Robo-taxi is provided with various sensors like RADAR, LiDAR et al., which makes the vehicle efficient to work eventually resulting in the expansion of Robo-taxi market across the world.

The growing problems with traffic jam in major cities around the world, increasing pollution and adversely impacting health and overall quality of life. The interest in zero-emission vehicles or green vehicles is rising, and there's a surge in autonomous cars demand. Additionally, three trends are accelerating transformative change in the automotive industry which are zero-emission vehicles, autonomous driving and new mobility models. Autonomous, zero-emission Robo-taxis embodies all three of those trends, offering the potential for convenient, personalized transport as a beautiful alternative to owning a car or using conveyance. 

Recent Developments:

Waymo, a unit of Alphabet, has begun offering completely automated rides, without attendants within the vehicle, to a couple of hundred early users of its Robo-taxi service in Phoenix.

Waymo said it's pausing operations of Waymo One, a service within the Phoenix area that permits the general public to hail rides in self-driving vehicles with trained human safety operators behind the wheel, in response to the COVID-19 pandemic. Waymo is additionally halting testing on public streets in California. 

Cruise, General Motors' self-driving car segment, revealed the Origin night during a former Honda dealership. The six-passenger vehicle looks a touch sort of a small bus, has no wheel or pedals, and offers a cavernous area where two rows of three passengers face one another. 

Elon Musk's "Master Plan, Part Deux" proposed the thought for the Tesla Netwok, essentially an automatic version of Uber that might be operating during a world after both technical autonomies are achieved, and government regulations leave the driverless operation of vehicles.

Drivers and Restraints of Robo Taxi Market:

Drivers:

Escalating concerns over fuel emissions, road questions of safety, and escalating popularity for ride-sharing vehicles will grow the market trends over the foreseen period. Moreover, self-driven cars are predicted to boost the value of fleet operators. This may help the market gain momentum over the forthcoming years. Aside from this, new business models like "mobility as a service" can be a profitable & sustainable revenue source for the market over the coming years. However, the disruptive power of those self-driven taxis in autonomous driving is predicted to bring a paradigm shift within the automotive sector over the coming years. Furthermore, these new self-driven cars are estimated to reinforce shared mobility and enable vehicle connectivity. Moreover, these Robo-taxis will include electric powertrains which will reduce the operating costs for fleet authorities.

Restraints:

Robo-taxis are predicted to be adopted by ride-hailing companies, majorly to scale back operating costs and offer rides to consumers at competitive prices, and so as to sustain within the competition.

Market Segmentation

This global market research report is segmented and sub-segmented into the following categories:

Global Robo Taxi Market - By Application:

  • Goods 
  • Passenger 

Based on the application, the general public transport segment held a remarkable portion of the global Robo-taxi business. A majority of Robo-taxis are considered to be self-driving cars that are likely to be used for ride-hailing purposes. 

Global Robo Taxi Market - By Level of Autonomy:

  • L4
  • L5 

Based on autonomy, the L4 segment held a dominant share of the global Robo-taxi market. Level 4 Robo-taxis are self-driving; they will operate without human intervention on select routes, highways, and cities where the infrastructure is capable of carrying self-driving. However, hurdles in infrastructure and regulatory framework are delaying the permission of level 5 Robo-taxis. They're projected to be announced not before 2025, as they're fully autonomous and capable of operating even in harsh weather, traffic jam, and radar interference.

Global Robo Taxi Market - By Vehicle: 

  • Car
  • Shuttle/Van 

In terms of vehicle, the cars segment is anticipated to carry a dominant share of the global Robo-taxi market, as ride-hailing companies are focused on the event of self-driving cars.

Global Robo Taxi Market - By Service:

  • Rental
  • Station Based

Global Robo Taxi Market - By Propulsion:

  • Electric
  • Hybrid
  • Fuel Cell

Based on fuel, the hybrid segment is anticipated to grow significantly during the foreseen period. Stringency in emission regulations is prompting the automotive industry to shift to vehicle electrification. Hybrid vehicles experience lesser downtime as compared to that experienced by fully-electric cars, which further reduces operational costs. The fully electric segment is additionally expected to carry a significant share of the Robo-taxi market because the demand for electric shuttles rises and advancements in battery technology makes the adoption of fully-electric vehicles more viable for fleets.

Robo Taxi Market Region wise analysis:

Based on region, the global robo taxi market is segmented and sub-segmented as follows:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa
    1. Middle East
    2. Africa

The European Union has been considered by leading players within the Robo-taxi market because the most lucrative region with a favorable business environment on account of the manageable framework that supports environment-driven activities within the area. In 2018, Europe accounted for an estimate of half the revenue share of the global Robo-taxi market.

Key Players of Market:

Among the numerous players in the global Rob-taxi business, Waymo LLC (subsidiary of Alphabet Inc.), Cruise LLC, Tesla, Nissan Motor Corporation, Lyft, Inc., Uber Technologies, Daimler AG, Ford Motor Company, Volkswagen AG and Volvo Group hold major market share

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Robo Taxi Market, By Application               

                    6.1.1 Goods 

                    6.1.2 Passenger      

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Robo Taxi Market, By Level of Autonomy              

                    6.2.1 L4       

                    6.2.2 L5       

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Robo Taxi Market, By Vehicle          

                    6.3.1 Car      

                    6.3.2 Shuttle/Van   

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Robo Taxi Market, By Service           

                    6.4.1 Rental 

                    6.4.2 Station-based

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

          6.5 Robo Taxi Market, By Propulsion                

                    6.5.1 Electric

                    6.5.2 Hybrid 

                    6.5.3 Fuel Cell        

                    6.5.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.5.5 Y-o-Y Growth Rate Analysis         

                    6.5.6 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Application

                    7.2.3 By Level of Autonomy         

                    7.2.4 By Vehicle      

                    7.2.5 By Service      

                    7.2.6 By Propulsion 

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Application

                    7.3.3 By Level of Autonomy         

                    7.3.4 By Vehicle      

                    7.3.5 By Service      

                    7.3.6 By Propulsion 

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Application

                    7.4.3 By Level of Autonomy         

                    7.4.4 By Vehicle      

                    7.4.5 By Service      

                    7.4.6 By Propulsion 

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Application

                    7.5.3 By Level of Autonomy         

                    7.5.4 By Vehicle      

                    7.5.5 By Service      

                    7.5.6 By Propulsion 

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Application

                    7.6.3 By Level of Autonomy         

                    7.6.4 By Vehicle      

                    7.6.5 By Service      

                    7.6.6 By Propulsion 

8. Key Player Analysis                           

          8.1 Waymo LLC                

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Cruise LLC                  

          8.3 Tesla                

          8.4 Nissan Motor Corporation                

          8.5 Lyft, Inc.           

          8.6 Uber Technologies                

          8.7 Daimler AG                 

          8.8 Ford Motor Company            

          8.9 Volkswagen AG          

          8.10 Volvo Group             

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By Cutting Systems and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Robo Taxi Market By Region, From 2021-2026 ( USD Billion )
  2. Global Robo Taxi Market By Application, From 2021-2026 ( USD Billion )
  3. Global Goods Market By Region, From 2021-2026 ( USD Billion )
  4. Global Passenger Market By Region, From 2021-2026 ( USD Billion )
  5. Global Robo Taxi Market By Level of Autonomy, From 2021-2026 ( USD Billion )
  6. Global L4 Market By Region, From 2021-2026 ( USD Billion )
  7. Global L5 Market By Region, From 2021-2026 ( USD Billion )
  8. Global Robo Taxi Market By Vehicle, From 2021-2026 ( USD Billion )
  9. Global Car Market By Region, From 2021-2026 ( USD Billion )
  10. Global Shuttle/Van Market By Region, From 2021-2026 ( USD Billion )
  11. Global Robo Taxi Market By Service, From 2021-2026 ( USD Billion )
  12. Global Rental Market By Region, From 2021-2026 ( USD Billion )
  13. Global Station-based Market By Region, From 2021-2026 ( USD Billion )
  14. Global Robo Taxi Market By Propulsion, From 2021-2026 ( USD Billion )
  15. Global Electric Market By Region, From 2021-2026 ( USD Billion )
  16. Global Hybrid Market By Region, From 2021-2026 ( USD Billion )
  17. Global Fuel Cell Market By Region, From 2021-2026 ( USD Billion )

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