North America dominates Global Robo-Taxi Market

Posted by Deeksha on October 11th, 2019

Robo-taxi is autonomous car that is expected to replace the means of personal mobility in future. It benefits end user by decreasing total cost of ownership and the stake holders by providing large user data collections. Personal mobility landscape is influenced by innovations and diverging consumer perception allowing robo-taxis to make space as public transport. Integration of modern mobility solutions and public transport is trending across the globe, boosting the global robo-taxis market. Huge sales potential of robo-taxis encourage auto giants to foray into robo-taxi domain and exploit the lucrative opportunities. Global robo-taxi market is expected to attain a value around ?US$ 15Bn by 2030 end and further expansion at   ?58% CAGR is anticipated for the forecast period 2019 to 2030. An intelligence report titled, “Robo-Taxi Market – Global Industry Analysis, Size, Share, Growth, trends, and Forecast 2019-2030” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository

Cars preferred over shuttles

Cars and shuttles form the two major segments in global robo-taxi market where the former is expected to dominate market share on the backdrop of having ride sharing companies that include Uber to use cars. Robo-taxi market can be further segmented on the basis of application into public transport segment and personal transport segment. Autonomous cars have gained momentum in ride-hailing services and shared mobility, encouraging use of autonomous cars as public transport.

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Latin America, North America, Asia Pacific, Europe, Middle East and Africa form major regional segments of global robo-taxi market. North America held prominent market share in 2018 and is expected to maintain its lead. Regulatory framework and sustainable infrastructure investments in U.S has popularized autonomous driving.

Third generation Robo-Taxis

Third generation robo-taxis have been introduced by Uber after collaboration with Volvo. Waymo LLC collaborated with Nissan and Renault to develop self-driving cars. Uber technologies Inc.’s advanced technology group joined DENSO, Toyota and Softback Vision Fund to invest US$ 1Bn in robo-taxis development. Robo taxis have been launched in Asia Pacific and North America by various companies that include Baidu, Uber Inc., Pony.ai and Waymo.

Other major players profiled in global robo-taxi market are NAVYA, GM Cruise, MOIA, Tesla, DiDi, AB Volvo and Aptiv. 

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Global robo-taxi market: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Global robo-taxi market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global robo-taxi market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on robo-taxi.

An insightful and deep-dive assessment of the competitive assessment of the Global robo-taxi market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global robo-taxi market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development. 

Global robo-taxi market: Research Methodology

Primary sources and secondary sources propel intelligence report on Global robo-taxi market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.