Robo Taxi Market Size, Share, Forecast Report, 2020-2027

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Robo Taxi Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Robo Taxi market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global robo taxi market is expected to be $1.03 billion in 2023, and is projected to reach $38.61 billion by 2030, registering a CAGR of 67.8% from 2023 to 2030. The goods transportation segment is projected to be the highest contributor to the market, with $0.61 billion in 2023, and is estimated to reach $21.71 billion by 2030, at a CAGR of 70.5% during the forecast period. The passenger transportation segment is estimated to reach $16.89 billion by 2030 at a CAGR of 74.2%.

Robo-taxis are the self-driving taxis that are autonomous vehicles, which are operated by an on-demand mobility service. They are self-driving vehicles any human involvement for the operation of the vehicle. With the introduction of automation in vehicles, the demand for self-driving vehicles has increased, which has supplemented the growth of robo-taxi across the globe. Also, autonomous vehicles have gained popularity among customers which has made companies to develop vehicles that do not require a human to drive the vehicle. With the introduction of automation in vehicles, the need for a human driver has been reduced thereby reducing the chances of accidents caused due to human errors. Also, a robo-taxi is equipped with various sensors such as RADAR, LiDAR and others, which makes the vehicle efficient to operate eventually leading to the growth of robo taxi market across the globe.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Robo Taxi market are included as given below:

� Waymo LLC

� Aptiv

� GM Cruise LLC

� Ridecell Inc

� Uber Technologies Inc.

� NAVYA

� EasyMile

� Daimler AG

� Ford Motor Company

� Lyft Inc.

The global Robo Taxi market has been segmented as below:

By Application

� Goods

� Passenger

By Level of Autonomy

� L4

� L5

By Vehicle

� Car

� Shuttle/Van

By Service

� Rental

� Station Based

By Propulsion

� Electric

� Hybrid

� Fuel Cell

By Region

� North America

o U.S.

o Canada

o Mexico

� Europe

o Germany

o France

o UK

o Spain

o Russia

o Rest of Europe

� Asia-Pacific

o Japan

o China

o India

o Rest of Asia-Pacific

� LAMEA

o Latin America

o Middle East

o Africa

Reasons to Purchase this Report:

Estimates Robo Taxi development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects