Robo-taxi Market (Autonomy - Level 4, and Level 5; Fuel - Hybrid, Ice, and Fully Electric; Application - Public Transport, and Other Applications; Vehicle - Cars, and Shuttles): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

A recent report published by Infinium Global Research on Robo-taxi market provides an in-depth analysis of segments and sub-segments in the global as well as regional Robo-taxi market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional Robo-taxi market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global Robo-taxi market. According to the report, the global Robo-taxi market is projected to grow at a CAGR of 60.1% over the forecast period of 2019-2025.

Market Insight

Robo-taxi is emerging as a new trend in mobility services. Robo-taxis are gaining popularity with its adoption in the public transport industry. Robo-taxis have various benefits such as enhanced safety, reduced vehicle emissions, and better traffic control. Innovative product launch is a key strategy adopted by the companies. For instance, in 2017, NAVYA launched the first autonomous Robo-taxi in the market.

According to the World Health Organization, about 1.25 million people die in road crashes each year. This has raised concern for road safety. Vehicle emissions are one of the leading contributors to the growth of the Robo-taxi market. Vehicle emissions are a major cause of global warming. In the U.S., cars, and trucks account for one-fifth of all the emissions. As per a study by the Lawrence Berkeley National Laboratory, Robo-taxis can cut greenhouse gas emissions by over 90%. The surge in demand for ride-hailing services will augment the growth of the Robo-taxi market. The rising demand for fuel-efficient and emission-free vehicles causes an increase in the Robo-taxis. Robo-taxis are helpful in traffic control as well as improve road safety. In addition, growing infrastructure development and rising electrification of vehicles stimulate the growth of the Robo-taxi market. On the other side, high research and development costs for implementation and cybersecurity threats hinder the growth of the market. Moreover, rapidly rising urbanization creates several opportunities for the growth of the Robo-taxi market.

Europe is expected to hold a premium share in the global Robo-taxi market due to the growing technological development and support infrastructure. For instance, Swedish EV manufacturer and the autonomous vehicle start-up Auto-X have a partnership in 2019. They have integrated AutoX’s autonomous drive technology in NEVS’ next-generation vehicle architecture. The companies will deploy the first scale Robo-taxi pilot in Europe by the end of 2020. On the other hand, the Asia-Pacific region is anticipated to grow in the global Robo-taxi market with a significant CAGR over the forecast period. The rise in research and development on the Robo-taxi concept in developing countries in Asia-Pacific promotes the growth of the Robo-taxi market in the Asia-Pacific region. North America has healthy growth in the global Robo-taxi market owing to rapid technological development.

Segment Covered

The report on the global Robo-taxi market covers segments such as autonomy, fuel, application, and vehicle. On the basis of autonomy, the sub-markets include level 4, and level 5. On the basis of fuel, the sub-markets include hybrid, ice, and fully electric. On the basis of application, the sub-markets include public transport, and other applications. On the basis of vehicle, the sub-markets include cars, and shuttles.

Companies Profiled:

The report provides profiles of the companies in the market such as Waymo LLC, Tesla, Inc., Cruise LLC, Lyft, Inc., Nissan Motor Co., Ltd., Ford Motor Company, Volkswagen AG, Volvo AB, NAVYA SAS, Aptiv PLC, and other companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of Robo-taxi market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.