Robo Taxis Global Market Opportunities And Strategies To 2033

Description

Robo taxis or self-driving taxis are autonomous vehicles operated by ridesharing companies. Robo taxis are equipped with advanced sensors, cameras and artificial intelligence algorithms that allow them to navigate roads and transport passengers without human intervention.

The robo taxis market consists of sales of services provided by robo taxis that refer to self-driving cars that operate as a taxi in an e-hailing service. Robo taxis are can navigate roadways, make choices and carry passengers and goods without the assistance of a human driver. They are outfitted with cutting-edge sensors, machine learning algorithms and artificial intelligence.

The global robo taxis market was valued at $147.0 million in 2020 which grew till 2023 at a compound annual growth rate of more than 68.0%.

Rising Number Of Connected Vehicles

The rising number of connected vehicles supported the growth of the robo taxis market during the historic period. Connected vehicles refers to automobiles that are equipped with internet connectivity and communication technologies, allowing them to exchange data with other vehicles, infrastructure and external systems. Connected vehicles play a crucial role in the robo taxis industry by facilitating real-time communication, data exchange and navigation, enhancing the efficiency and safety of autonomous transportation systems. For instance, in August 2021, according to the Australian Computer Society, an Australia-based professional association, there are around a million connected cars in Australia, which is projected to rise to 10 million by 2030. Additionally in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, by 2025, 3.5 million self-driving cars or autonomous vehicles were expected to be on American roads. By 2030, it is also anticipated that 4.5 million autonomous cars will be on the road. Therefore, the rising number of connected vehicles drove growth in the robo taxis market during the historic period.

Development Of Advanced Robot Taxis For Revolutionizing Urban Transportation

Companies in the robo taxis market are focusing on developing advanced robot taxis to gain a competitive edge in the market. These taxis are equipped with sophisticated sensors, cameras, LIDAR (light detection and ranging), radar and other perception technologies to perceive their surroundings and make real-time decisions. For instance, in March 2024, Waymo LLC, a US-based company that develops autonomous driving solutions, received approval from California state regulators to launch a robo taxi service in Los Angeles, USA. This approval allows Waymo to expand its operations into Los Angeles County. Waymo's vehicles are equipped with advanced technology like lidar, cameras, radar and an AI (artificial intelligence) platform to navigate traffic safely. Passengers can request rides through an app and travel in these autonomous vehicles without a human driver present.

The global robo taxis market is highly concentrated, with a large players operating in the market. The top ten competitors in the market made up to 72.7% of the total market in 2022.

Robo Taxis Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global robo taxis market as it emerges from the COVID-19 shut down.

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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 history and forecasts market growth by geography. It places the market within the context of the wider robo taxis market; and compares it with other markets.

The report covers the following chapters

Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by vehicle type, by service type and by end-user.
Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
Macro-Economic Scenario- The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the robo taxis market.
Global Market Size and Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
Regional And Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by vehicle type, by service type and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
Competitive Dashboard - Briefs on competitive dashboard of major players.
Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations This section includes recommendations for robo taxis providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

1) By Vehicle Type: Shuttle/Van; Car
2) By Service Type: Car Rental; Station Based
3) By End-User: Commercial; Passengers
Companies Mentioned: Lyft Inc; Cruise LLC; Baidu Inc; Nuro Inc; EasyMile
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
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; robo taxis indicators comparison.
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.

Product Code: o&s1148

1 Executive Summary

1.1 Robo Taxis - Market Attractiveness And Macro economic Landscape

2 Table Of Contents

3 List Of Tables

4 List Of Figures

5 Report Structure

6 Market Characteristics

6.1 General Market Definition
6.2 Summary
6.3 Robo Taxis Market Definition And Segmentations
6.4 Market Segmentation By Vehicle Type
- 6.4.1 Shuttle/Van
- 6.4.2 Car
6.5 Market Segmentation By Service Type
- 6.5.1 Car Rental
- 6.5.2 Station Based
6.6 Market Segmentation By End-User
- 6.6.1 Commercial
- 6.6.2 Passengers

7 Major Market Trends

7.1 Development Of Advanced Robot Taxis For Revolutionizing Urban Transportation
7.2 Integration Of New Generation Sensors To Support High-Level Autonomous Driving
7.3 Driverless Ride-Hail Services To Gain Traction In Urban Mobility
7.4 Strategic Partnerships Among Market Players To Commercialize Autonomous Mobility
7.5 Increased Focus On Safety And Comfort In Robotaxis For Passenger Transportation

8 Robo Taxis Market - Macro Economic Scenario

8.1 COVID-19 Impact On The Robo Taxis Market
8.2 Impact Of The War In Ukraine On The Robo Taxis Market
8.3 Impact Of High Inflation On The Robo Taxis Market

9 Global Market Size and Growth

9.1 Market Size
9.2 Historic Market Growth, 2018 - 2023, Value ($ Million)
- 9.2.1 Market Drivers 2018 - 2023
- 9.2.2 Market Restraints 2018 - 2023
9.3 Forecast Market Growth, 2023 - 2028, 2033F Value ($ Million)
- 9.3.1 Market Drivers 2023 - 2028
- 9.3.2 Market Restraints 2023 - 2028

10 Global Robo Taxis Market Segmentation

10.1 Global Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.2 Global Robo Taxis Market, Segmentation By Service Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.3 Global Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

11 Robo Taxis Market, Regional and Country Analysis

11.1 Global Robo Taxis Market, By Region, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
11.2 Global Robo Taxis Market, By Country, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

12 Asia-Pacific Market

12.1.1 Market Overview
12.1.2 Region Information
12.1.3 Market Information
12.1.4 Background Information
12.1.5 Government Initiatives
12.1.6 Regulations
12.1.7 Regulatory Bodies
12.1.8 Major Associations
12.1.9 Taxes Levied
12.1.10 Corporate Tax Structure
12.1.11 Investments
12.1.12 Major Companies

12.2 Asia Pacific Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.3 Asia Pacific Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.4 Asia-Pacific Robo Taxis Market: Country Analysis
12.5 China Market
- 12.5.1 Market Overview
- 12.5.2 Country Information
- 12.5.3 Market Information
- 12.5.4 Background Information
- 12.5.5 Government Initiatives
- 12.5.6 Regulations
- 12.5.7 Regulatory Bodies
- 12.5.8 Major Associations
- 12.5.9 Taxes Levied
- 12.5.10 Corporate Tax Structure
- 12.5.11 Investments
- 12.5.12 Major Companies
12.6 China Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.7 China Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.8 India Market
12.9 India Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.10 India Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.11 Japan Market
12.12 Japan Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.13 Japan Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.14 Australia Market
12.15 Australia Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.16 Australia Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.17 Indonesia Market
12.18 Indonesia Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.19 Indonesia Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.20 South Korea Market
12.21 South Korea Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.22 South Korea Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

13 Western Europe Market

13.1.1 Market Overview
13.1.2 Region Information
13.1.3 Market Information
13.1.4 Background Information
13.1.5 Government Initiatives
13.1.6 Regulations
13.1.7 Regulatory Bodies
13.1.8 Major Associations
13.1.9 Taxes Levied
13.1.10 Corporate Tax Structure
13.1.11 Investments
13.1.12 Major Companies

13.2 Western Europe Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.3 Western Europe Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.4 Western Europe Robo Taxis Market: Country Analysis
13.5 UK Market
13.6 UK Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.7 UK Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.8 Germany Market
13.9 Germany Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.10 Germany Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.11 France Market
13.12 France Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.13 France Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.14 Italy Market
13.15 Italy Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.16 Italy Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.17 Spain Market
13.18 Spain Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.19 Spain Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

14 Eastern Europe Market

14.1.1 Market Overview
14.1.2 Region Information
14.1.3 Market Information
14.1.4 Background Information
14.1.5 Government Initiatives
14.1.6 Regulations
14.1.7 Regulatory Bodies
14.1.8 Major Associations
14.1.9 Taxes Levied
14.1.10 Corporate Tax Structure
14.1.11 Investments
14.1.12 Major Companies

14.2 Eastern Europe Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.3 Eastern Europe Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.4 Eastern Europe Robo Taxis Market: Country Analysis
14.5 Russia Market
14.6 Russia Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.7 Russia Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

15 North America Market

15.1.1 Market Overview
15.1.2 Region Information
15.1.3 Market Information
15.1.4 Background Information
15.1.5 Government Initiatives
15.1.6 Regulations
15.1.7 Regulatory Bodies
15.1.8 Major Associations
15.1.9 Taxes Levied
15.1.10 Corporate Tax Structure
15.1.11 Investments
15.1.12 Major Companies

15.2 North America Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.3 North America Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.4 North America Robo Taxis Market: Country Analysis
15.5 USA Market
- 15.5.1 Market Overview
- 15.5.2 Country Information
- 15.5.3 Market Information
- 15.5.4 Background Information
- 15.5.5 Government Initiatives
- 15.5.6 Regulations
- 15.5.7 Regulatory Bodies
- 15.5.8 Major Associations
- 15.5.9 Taxes Levied
- 15.5.10 Corporate Tax Structure
- 15.5.11 Investments
- 15.5.12 Major Companies
15.6 USA Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.7 USA Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.8 Canada Market
15.9 Canada Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.10 Canada Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

16 South America Market

16.1.1 Market Overview
16.1.2 Region Information
16.1.3 Market Information
16.1.4 Background Information
16.1.5 Government Initiatives
16.1.6 Regulations
16.1.7 Regulatory Bodies
16.1.8 Major Associations
16.1.9 Taxes Levied
16.1.10 Corporate Tax Structure
16.1.11 Major Companies

16.2 South America Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.3 South America Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.4 South America Robo Taxis Market: Country Analysis
16.5 Brazil Market
16.6 Brazil Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.7 Brazil Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

17 Middle East Market

17.1.1 Market Overview
17.1.2 Region Information
17.1.3 Market Information
17.1.4 Background Information
17.1.5 Government Initiatives
17.1.6 Regulations
17.1.7 Regulatory Bodies
17.1.8 Major Associations
17.1.9 Taxes Levied
17.1.10 Corporate Tax Structure
17.1.11 Investments
17.1.12 Major Companies

17.2 Middle East Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
17.3 Middle East Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

18 Africa Market

18.1.1 Market Overview
18.1.2 Region Information
18.1.3 Market Information
18.1.4 Background Information
18.1.5 Government Initiatives
18.1.6 Regulations
18.1.7 Regulatory Bodies
18.1.8 Major Associations
18.1.9 Taxes Levied
18.1.10 Corporate Tax Structure
18.1.11 Major Companies

18.2 Africa Robo Taxis Market, Segmentation By Vehicle Type, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
18.3 Africa Robo Taxis Market, Segmentation By End-User, Historic And Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)

19 Competitive Landscape And Company Profiles

19.1 Company Profiles
19.2 Lyft Inc
- 19.2.1 Company Overview
- 19.2.2 Products And Services
- 19.2.3 Business Strategy
- 19.2.4 Financial Overview
19.3 Cruise LLC
- 19.3.1 Company Overview
- 19.3.2 Products And Services
- 19.3.3 Financial Overview
19.4 Baidu Inc
- 19.4.1 Company Overview
- 19.4.2 Products And Services
- 19.4.3 Business Strategy
- 19.4.4 Financial Performance
19.5 Nuro Inc
- 19.5.1 Company Overview
- 19.5.2 Products And Services
- 19.5.3 Financial Overview
19.6 EasyMile
- 19.6.1 Company Overview
- 19.6.2 Products And Services
- 19.6.3 Financial Overview

20 Competitive Benchmarking

21 Competitive Dashboard

22 Key Mergers And Acquisitions

22.1 Amazon Acquired Zoox
22.2 Toyota Acquired Lyft's Self-Driving Unit
22.3 Aurora Acquired Uber's Self-Driving Unit

23 Opportunities And Strategies

23.1 Global Robo Taxis Market In 2028 - Countries Offering Most New Opportunities
23.2 Global Robo Taxis Market In 2028 - Segments Offering Most New Opportunities
23.3 Global Robo Taxis Market In 2028 - Growth Strategies
- 23.3.1 Market Trend Based Strategies
- 23.3.2 Competitor Strategies

24 Robo Taxis Market, Conclusions And Recommendations

24.1 Conclusions
24.2 Recommendations
- 24.2.1 Product
- 24.2.2 Place
- 24.2.3 Price
- 24.2.4 Promotion
- 24.2.5 People

25 Appendix

25.1 Geographies Covered
25.2 Market Data Sources
25.3 Research Methodology
25.4 Currencies
25.5 The Business Research Company
25.6 Copyright and Disclaimer