PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1025454
PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1025454
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Global Robotaxi Market Size, Share &Trends Analysis Report by Level of Automation (L4 Robotaxi, L5 Robotaxi), by Application (Goods, Passenger) by Propulsion (Electric, Fuel Cell) Forecast period (2021-2027)
The global robotaxi market is anticipated to exhibit exponential CAGR of 109.5% during the forecast period (2021-2027). Growing urbanization has accelerated the demand for ride hailing services. The increasing demand for ride hailing services, rising focus over road safety, and significant rise in the development of robotaxi technology to make them passenger friendly are some of the key factors driving the growth of the robotaxi market
The robotaxi market is segmented on the basis of level of automation, application, and propulsion. Based on level of automation, the robotaxi market is segmented into L4 robotaxi and L5 robotaxi. Based on application, the robotaxi market is segmented into goods and passenger. Based on propulsion, the market is segmented electric and fuel cell. Based on propulsion, the electric robotaxis are anticipated to hold considerable share during the forecast period
The global robotaxi market is further segmented on the basis of geography including North America, Europe, Asia-Pacific and Rest of the World. In 2020, Europe held considerable market share of XX% in robotaxi market. The highly developed automobile industry of Europe along with thrust for innovation in the field of automobiles has paved the way for the region to make advancement in field of automobile technologies. This is the key factor behind the high share of the regional market. The rising focus of automobile manufacturer in China to explore the potential of robotaxi is anticipated to exemplify China robotaxi market in near future
Robotaxi service providers are making significant contribution in the development of robotaxi market by constantly being involved in betterment of robotaxi technology by launch of several pilot projects. The major players contributing to the growth of the global robotaxi market include APTIV Plc, Baidu Inc., Continental AG, Cruise LLC, Daimler AG, Didi Chuxing Technology Co. and so on. Partnerships, collaboration, and mergers &acquisitions among others are some other strategies that are being adopted by market players of robotaxi. This market is currently in its development phase. Therefore, a large number of startup can also be noticed in this market
Research Methodology
The market study of the global Robotaximarket is incorporated by extensive primary and secondary research conducted by the research team at OMR Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include
Financial reports of companies involved in the market
Whitepapers, research-papers, and news blogs
Company websites and their product catalog
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
Global Robotaxi Market Research and Analysis by Level of Automation
Global Robotaxi Market Research and Analysis by Application
Global Robotaxi Market Research and Analysis by Propulsion
The Report Covers
Comprehensive research methodology of the global robotaxi market
This report also includes a detailed and extensive market overview with the key analyst insights
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations
Analysis of regional regulations and other government policies impacting the global robotaxi market
Insights about market determinants which are stimulating the global robotaxi market
Detailed and extensive market segments with the regional distribution of forecasted revenues
Extensive profiles and recent developments of market players