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Robotaxis are self-driving autonomous vehicles that enable on-demand mobility services without requiring human intervention during vehicle operation. Due to the integration of automation into vehicles, there is now a greater demand for self-driving cars, which has greatly boosted the growth of the global market. The demand for autonomous vehicles among consumers has sped up the creation of automobiles without the need for human drivers. The development of automation in transportation has decreased the need for human drivers, hence reducing the likelihood of accidents brought on by human error. Additionally, by including different sensors like RADAR, LiDAR, and others in robotaxis, their operating efficiency has been improved, fueling their expansion in the global market.
The market for robotaxis is primarily driven by elements like the pressing need to improve traffic management and road safety, as well as the rising demand for vehicles with low emissions and good fuel economy. However, difficulties including the high cost involved with research and development for implementation and the rising danger of cybersecurity threats are anticipated to impede market expansion. On the other hand, throughout the forecast period, favourable government regulations and the development of smart cities are anticipated to open up new opportunities for the growth and expansion of the market.
The market's most recent trends are what are driving demand for robo-taxis. The rising demand for shared mobility services is one such trend. More people are using ride-hailing and car-sharing services, and autonomous vehicles like robo-taxis offer a safer and more practical means of transportation. Another important factor that is influencing the demand for robo-taxis is technological advancement. These cars are getting more reliable and efficient, and they give their passengers more safety, convenience, and comfort. In order to commercialise self-driving technology, Motional, a joint venture between Hyundai and Aptiv, and Uber worked together to launch a robo-taxi service in Las Vegas in December 2022. Although Motional had already introduced comparable services through the Lyft and Via networks in Las Vegas, this was the first time Uber offered autonomous rides to the general public.
Report Coverage
Global Robotaxi research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Robotaxi report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Robotaxi competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Robotaxi market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Robotaxi market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Robotaxi market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Tesla, Uber Technologies INC., Waymo LLC, Aptiv, Zoox, Inc., MOIA, Beijing Xiaoju Technology Co, Ltd., Cruise LLC, Lyft, Inc., NAVYA
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Robotaxi market based on the below-mentioned segments:
Global Robotaxi Market, By Propulsion
Global Robotaxi market, By Application
Global Robotaxi market, Regional Analysis
The market for robotaxis is primarily driven by elements like the pressing need to improve traffic management and road safety, as well as the rising demand for vehicles with low emissions and good fuel economy. However, difficulties including the high cost involved with research and development for implementation and the rising danger of cybersecurity threats are anticipated to impede market expansion. On the other hand, throughout the forecast period, favourable government regulations and the development of smart cities are anticipated to open up new opportunities for the growth and expansion of the market.
The market's most recent trends are what are driving demand for robo-taxis. The rising demand for shared mobility services is one such trend. More people are using ride-hailing and car-sharing services, and autonomous vehicles like robo-taxis offer a safer and more practical means of transportation. Another important factor that is influencing the demand for robo-taxis is technological advancement. These cars are getting more reliable and efficient, and they give their passengers more safety, convenience, and comfort. In order to commercialise self-driving technology, Motional, a joint venture between Hyundai and Aptiv, and Uber worked together to launch a robo-taxi service in Las Vegas in December 2022. Although Motional had already introduced comparable services through the Lyft and Via networks in Las Vegas, this was the first time Uber offered autonomous rides to the general public.
Report Coverage
Global Robotaxi research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Robotaxi report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Robotaxi competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Robotaxi market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Tesla, Uber Technologies INC., Waymo LLC, Aptiv, Zoox, Inc., MOIA, Beijing Xiaoju Technology Co, Ltd., Cruise LLC, Lyft, Inc., NAVYA |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Robotaxi Market from 2021 to 2030.
- Market Forecast for Robotaxi Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Robotaxi competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Robotaxi
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Robotaxi market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Robotaxi market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Tesla, Uber Technologies INC., Waymo LLC, Aptiv, Zoox, Inc., MOIA, Beijing Xiaoju Technology Co, Ltd., Cruise LLC, Lyft, Inc., NAVYA
Primary Target Market
- Market Players of Robotaxi
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Robotaxi market based on the below-mentioned segments:
Global Robotaxi Market, By Propulsion
- Fuel Cell
- Electric
Global Robotaxi market, By Application
- Goods Transportation
- Passenger Transportation
Global Robotaxi market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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