Market Research Report
Robo-Taxi Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||925247|
|Published||Content info||70 Pages
Delivery time: 2-3 business days
|Robo-Taxi Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: February 1, 2020||Content info: 70 Pages||
The Robo-taxi market (henceforth referred to as the market studied) is anticipated to register a CAGR of about 120.52% during the forecast period (2020 - 2025).
Robo-Taxis Are Attracting People Around the World
Almost all the vehicle manufacturers are testing and launching electric and autonomous vehicles around the world. Majority of the manufacturers are testing autonomous taxis for seeing the results and response of people. Globally, people are welcoming the robo-taxi concept based on which the technology and vehicle manufacturing companies have started working on it.
In 2018, a survey conducted globally around automotive megatrends. According to the survey;
As soon as Robo-taxis are perceived as being more convenient than cars which they certainly have the potential to be then the demand for car-based mobility will increase.
Europe is Likely to Dominate the Robo-Taxi Market
The Robo-Taxi market is anticipated to be lead by Europe followed by China and United states respectively. European is the leading region which is providing advanced mobility technology and supportive infrastructure for the Robo-taxi market. Majority of the fleet- operators who are working on Robo-taxi have found favorable business environment from all the perspective such as regulatory framework that support environment-driven vehicle technologies in the region.
China is also rapidly working on the Robo-taxi concept. For Instance, Didi Chuxing, China's leading taxi service providing company is developing autonomous driverless cars. Its technology partner is an electric car startup called CHJ Auto. Together they are working to create an all-electric robotaxi that can shuttle passengers around China's crowded megacities with no drivers at all.
The Robo-taxi Market is in nascent stage due to the market has limited number of players who are operating which includes NAVYA, Uber Technologies Inc., Waymo LLC, EasyMile, Didi Chuxing Technology Co., AB Volvo, Baidu Inc., and amongst others.
The companies are testing on Robo-taxis and making partnerships so that they can be ahead in the competition. For instance,