Robo-Taxi Market Demand, Top Players, and Current Trends with Forecast to 2023
Market Highlights
Robo-taxis are also known asunmanned vehicles that move autonomously. Most of the robo-taxis featureelectric powertrains, which should offer lower operating costs for fleetmanagers. The global robo-taxi market is expected to witness exponential growthduring the forecast period. The increasing car service and the productionand sales of autonomous vehicles from countries such as China, Germany, US, andJapan drive the growth of the global robo-taxi market. Additionally, therising production and sales of electric vehicles globally also increases thegrowth of the global market, significantly. Furthermore, growing developmentand 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 thestudy of global robo-taxi market are Waymo LLC (US), Tesla Inc. (US), RobertBosch Gmbh (Germany), Continental AG (Germany), ZF Friedrichshafen AG(Germany), General Motors (US), Lyft, Inc. (US), Aptiv (Ireland), GMCruise LLC (US), Ridecell, Inc (US), Navya (France), and EasyMile (France).
The key strategies adopted bythese key players to sustain their market position are product development,acquisitions, collaborations, and contracts and agreements. For instance, onMarch 2019, Waymo announced to open a new technical service center in Arisonafor autonomous taxi. However, in 2017, Honda released an autonomous conceptcar, NeuV, that aims at being a personal robo-taxi.
Market Research Analysis
On the basis of region, theglobal market for robo-taxi is segmented into North America, Europe,Asia-Pacific, and the rest of the world. North America is expected to witness asignificant growth during the forecast period owing to the growing car rentalindustry in the US and Canada. Moreover, the growing collaborations betweenrobo-taxi manufacturers and car service companies is expected to boost thedemand for robo-taxi in this region. For instance, the collaboration betweenTesla, 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 expectedto hold the highest market share throughout the forecast period due to thegrowing automotive fleet and rising focus on vehicle safety. Additionally, thegrowing investments and the continuous improvement in rob-taxi technology willfurther drive the market in Asia-Pacific. In Europe, the presence of keyautomotive manufacturers, such as Continental AG and RobertBosch, are contributing to the growth of this market.
Scope of the Report
This study provides an overviewof the global robo-taxi market, tracking four market segments across fourgeographic regions. The report studies key players, providing a five-yearannual trend analysis that highlights market size, volume, and share for NorthAmerica, Europe, Asia-Pacific, and the rest of the world. The report alsoprovides a forecast, focusing on the market opportunities for the next fiveyears for each region. The scope of the study segments the globalrobo-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
2. 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
3. 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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