Robo Taxis Global Market Report 2024

Description

“Robo Taxis Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on robo taxis market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for robo taxis? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The robo taxis market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component Type: Camera; Radar; LiDAR; Ultrasonic Sensors; Other Component Types
2) By Service Type: Car Rental; Station Based
3) By Propulsion: Electric; Battery; Hybrid
4) By Application: Goods Transportation; Passenger Transportation
Companies Mentioned: Waymo LLC; AutoX Inc.; Tesla Inc.; Baidu Inc.; General Motors Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Robo-taxis are technologically advanced vehicles equipped with various driver assistance technologies, such as front and rear crash prevention systems, object detection capabilities for smooth driving, and lane departure prevention. These autonomous vehicles operate without the need for human drivers and are designed for transporting passengers or goods, aiming to reduce transportation costs and enhance affordability for day-to-day operations.

The main components of robo-taxis include cameras, radar, Lidar (Light Detection and Ranging), ultrasonic sensors, and other technologies. Cameras capture images of the surroundings during driving, interpreting environmental details like signboards, traffic lights, and animals to facilitate smooth driving and prevent road crashes. Robo-taxis offer various services, including car rental and station-based services, with different propulsion types such as electric, battery, and hybrid. These vehicles find applications in goods transportation and passenger transportation.

The robo taxis market research report is one of a series of new reports from The Business Research Company that provides robo taxis market statistics, including robo taxis industry global market size, regional shares, competitors with a robo taxis market share, detailed robo taxis market segments, market trends and opportunities, and any further data you may need to thrive in the robo taxis industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The robo taxis market size has grown exponentially in recent years. It will grow from $2. 71 billion in 2023 to $4. 32 billion in 2024 at a compound annual growth rate (CAGR) of 59. 5%. The growth observed in the historical period can be attributed to heightened concerns regarding road safety, an increased demand for commute services, growing worries about pollutants, a rising demand for cost-effective and secure transportation options, and the emergence of ride-sharing services.

The robo taxis market size is expected to see exponential growth in the next few years. It will grow to $25. 23 billion in 2028 at a compound annual growth rate (CAGR) of 55. 5%. The anticipated growth in the forecast period can be attributed to the ongoing development of autonomous driving systems, regulatory support for autonomous vehicles, integration with smart city infrastructure, a persistent demand for cost-effective and convenient transportation, and the increase in population. Major trends expected in the forecast period include partnerships between automotive and tech companies, the fleet-wide adoption of electric robo-taxis, advancements in user interfaces and customer experience, the deployment of 5G networks for seamless connectivity, and integration with public transportation systems.

Growing concerns regarding road safety are anticipated to drive the robo-taxis market's growth. Autonomous vehicles equipped with advanced driving technologies, including front and rear crash prevention systems, can significantly reduce road accidents attributed to human errors. In 2022, the U. S. Department of Transportation's Fatality Analysis Reporting System reported approximately 35,766 fatal motor vehicle crashes in the United States. With the implementation of self-driving technology, such as Tesla's Autopilot, which claims a significantly lower fatality rate compared to conventionally driven vehicles, there is a potential to enhance road safety and provide a secure and efficient transportation solution.

The rise in the production and sales of electric vehicles (EVs) is poised to propel the robo-taxis market. Electric vehicles contribute to environmental sustainability, reducing air pollution and fostering the adoption of connected-car features. The International Energy Agency's Global Electric Vehicle Outlook for 2022 revealed that over 10 million electric cars were sold worldwide. This shift toward EVs is a key driver for the robo-taxis market, aligning with the growing emphasis on green and sustainable transportation solutions.

Technological advancements stand out as a prominent trend in the robo-taxis market, with major companies prioritizing the development of cutting-edge products to strengthen their market positions. For example, in May 2021, Argo AI LLC introduced a technologically advanced LiDAR sensor for autonomous vehicles, leveraging Geiger-mode technology. This technology enhances the detection capabilities of self-driving systems, allowing for the detection of darker objects with high sensitivity, even in low-light conditions.

Strategic partnerships are a crucial aspect of the robo-taxis market, facilitating market expansion and strengthening the position of major companies. In August 2023, Pony. ai entered into a joint venture with Toyota Motor Investment Co Ltd (TMCI) and GAC Toyota Motor Co Ltd. (GTMC) to accelerate the mass production and deployment of driverless robotaxis. This collaboration involves GTMC providing Pony. ai with Toyota-branded battery electric vehicles equipped with Level 4 autonomous driving capabilities.

In November 2022, Motional, a U. S. -based autonomous driving company formed through collaboration between Hyundai Motor Group, a South Korea-based automobile company, Aptiv, an Ireland-based automotive technology supplier, and Lyft, a U. S. -based mobility service provider offering ride-hailing, vehicles for hire, motorized scooters, bicycle-sharing systems, rental cars, and food delivery, declared their joint venture to launch an autonomous ride-hailing service in Los Angeles. This marks an eagerly anticipated milestone for Motional and Lyft as they introduce robotaxis to Lyft users in Los Angeles for the first time.

Major companies operating in the in the robo taxis market report are Waymo LLC, AutoX Inc., Tesla Inc., Baidu Inc., General Motors Company, Lyft Inc., Nissan Motor Corporation, NAVYA Group, Ford Motor Company, Mercedes-Benz Group AG, Bayerische Motoren Werke AG, Volkswagen AG, EasyMile SAS, Ridecell Inc., Nvidia Corporation, AB Volvo, Uber Technologies Inc., Aptiv plc, Beijing Xiaoju Technology Co. Ltd., MOIA GmbH, Zoox Inc., Aurora Innovation Inc., May Mobility Inc., Optimus Ride Inc., Voyage Auto Inc., Pony ai Inc., Nuro Inc., Drive ai Inc., FiveAI Inc., Oxbotica Ltd.

Europe was the largest region in the robo taxis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the robo taxis market during the forecast period. The regions covered in the robo taxis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the robo taxis market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The robo taxis market consists of sales of self-driven or driverless cars. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10560

1. Executive Summary

2. Robo Taxis Market Characteristics

3. Robo Taxis Market Trends And Strategies

4. Robo Taxis Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Robo Taxis Market Size and Growth

5.1. Global Robo Taxis Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Robo Taxis Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Robo Taxis Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Robo Taxis Market Segmentation

6.1. Global Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Camera
Radar
LiDAR
Ultrasonic Sensors
Other Component Types
6.2. Global Robo Taxis Market, Segmentation By Service Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Car Rental
Station Based
6.3. Global Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Electric
Battery
Hybrid
6. 4. Global Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Goods Transportation
Passenger Transportation

7. Robo Taxis Market Regional And Country Analysis

7.1. Global Robo Taxis Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Robo Taxis Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Robo Taxis Market

8.1. Asia-Pacific Robo Taxis Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Robo Taxis Market

9.1. China Robo Taxis Market Overview
9.2. China Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Robo Taxis Market

10.1. India Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Robo Taxis Market

11.1. Japan Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Robo Taxis Market

12.1. Australia Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Robo Taxis Market

13.1. Indonesia Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Robo Taxis Market

14.1. South Korea Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Robo Taxis Market

15.1. Western Europe Robo Taxis Market Overview
15.2. Western Europe Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Robo Taxis Market

16.1. UK Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Robo Taxis Market

17.1. Germany Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Robo Taxis Market

18. 5. France Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Robo Taxis Market

19. 9. Italy Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Robo Taxis Market

20.13. Spain Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Robo Taxis Market

21.1. Eastern Europe Robo Taxis Market Overview
21.2. Eastern Europe Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Robo Taxis Market

22.1. Russia Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Robo Taxis Market

23.1. North America Robo Taxis Market Overview
23.2. North America Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Robo Taxis Market

24.1. USA Robo Taxis Market Overview
24.2. USA Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Robo Taxis Market

25.1. Canada Robo Taxis Market Overview
25.2. Canada Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Robo Taxis Market

26.1. South America Robo Taxis Market Overview
26.2. South America Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Robo Taxis Market

27.1. Brazil Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Robo Taxis Market

28.1. Middle East Robo Taxis Market Overview
28.2. Middle East Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Robo Taxis Market

29.1. Africa Robo Taxis Market Overview
29.2. Africa Robo Taxis Market, Segmentation By Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Robo Taxis Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Robo Taxis Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Robo Taxis Market Competitive Landscape And Company Profiles

30.1. Robo Taxis Market Competitive Landscape
30.2. Robo Taxis Market Company Profiles
- 30.2.1. Waymo LLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. AutoX Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Tesla Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Baidu Inc.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. General Motors Company
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Robo Taxis Market Competitive Benchmarking

32. Global Robo Taxis Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Robo Taxis Market

34. Robo Taxis Market Future Outlook and Potential Analysis

34.1 Robo Taxis Market In 2028 - Countries Offering Most New Opportunities
34.2 Robo Taxis Market In 2028 - Segments Offering Most New Opportunities
34. 3 Robo Taxis Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer