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 is a new
trend in mobility services. Robo taxies are gaining popularity with its
adoption in the public transport industry. The leading companies operating in
the global robo taxi market are investing in technological development that encourages
innovations and provides a competitive edge. Companies are adopting strategic
collaborations and mergers that maximize their market share in the global robo
taxi market. For instance, in 2017, NAVYA launched the first autonomous robo
taxi in the market.
The growing concern over road
safety and vehicle emissions drive the growth of the robo taxi market. The
surge in demand for ride-hailing services contributes to the growth of the robo
taxi market. The rising demand for fuel-efficient and emission-free vehicles
promotes the growth of the robo taxi market. The increasing need for improved
road safety and traffic control boosts the growth of the robo taxi market. 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 robo taxi market. Moreover, rapidly rising
urbanization creates several opportunities for the growth of the robo taxi
Based on geography, the global
robo taxi market is classified into North America, Asia-Pacific, Europe, and
the Rest of the World. Europe is expected to hold a premium share in the global
robo taxi market. The growing technological development and supportive
infrastructure in Europe drive the growth of the robo taxi market in Europe.
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 is showing growth in the global robo taxi market.
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, 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.