Global Robo-Taxi market report deals with copious of important market related aspects which are; market size estimations, company and market best practices, entry level strategies, market dynamics, positioning, segmentations, competitive landscaping and benchmarking, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, and in-depth benchmarking of vendor offerings. This industry analysis report is a window to the industry which describes what market definition, classifications, applications, engagements and market trends are. An excellent Robo-Taxi market research report provides the best professional in-depth study on the current state for the ICT industry.
Global Robo-Taxi Market was valued at USD 1.09 billion in 2021 and is expected to reach USD 61.07 billion by 2029, registering a CAGR of 65.34% during the forecast period of 2022-2029. Electric accounts for the propulsion motorcycle type segment in the respective market owing to the rise in emission concerns across the globe. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Market Overview:
Robo-taxi or robo-cab refers to type of taxis which are self-driven, without a chauffeur. These are defined as the autonomous cars of autonomic level 4 or level 5 that are operated for a virtual hailing service. These are fuel efficient vehicles that do not emit any harmful carbon gases and protect environment. These eco-friendly automated vehicles are known to consume less battery and reduce the cost of operating cars.
Robo-Taxi Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Growth in the Automotive Industry
The rapid expansion of automotive industry across the globe along with increasing the demand for lightweight and energy-efficient components acts as one of the major factors driving the growth of robo-taxi market. The surge in need for enhanced road safety and traffic control has a positive impact on the market.
High Demand for Passenger Vehicles
The increase in demand for passenger vehicles owing to the surge in middle-income group population along with rise in standard of living in emerging countries accelerate the market. Consumers are also inclining towards these vehicles due to the availability of economic options in these vehicles.
Some of the major players operating in the robo-taxi market are
- Waymo LLC (US)
- Daimler AG (Germany)
- GM Cruise LLC (US)
- Aptiv (Ireland)
- AB Volvo (Sweden)
- Ridecell, Inc (US)
- Tesla (US)
- Uber Technologies Inc. (US)
- Volkswagen AG (Germany)
- Lyft, Inc. (US)
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