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.
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.
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
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.
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.