Global Robo-Taxi Market Insights

Date : Jun 2019

Formats :
Report Code : PMR293943681

Category : Automotive & Transportation
No Of Pages : 0
In a pioneering leap into the future, Robo-taxi is basically a self-driving or a driverless car which was launched recently in the market. After years of focused and intensive testing in the autonomous vehicles SAE Level 4 or 5 , the companies have started rolling out such vehicles for an e-hailing on-demand mobility service for the vehicle sharing customers. The Robo-taxi generally eliminates the need of a human chauffeur, which adds significant cost to the overall operating costs of the car e-hailing services. Robo-taxi service could make hiring a cab much more affordable to the customers and is expected to boost the demand of Transportation-as-a-Service TaaS solutions, which in-turn would drive the market for Robo-taxi services over the forthcoming future. According to German consulting firm Roland Berger, it is further anticipated that Robo-taxis could generate 40% of auto industry profits by 2030, which further anticipates the demand for private vehicles to drop 30% over the stated period.

One of the most significantly adopted applications of Robo-taxi includes Autonomous Mobility on Demand AMoD service, especially in the metro regions. AMoD is the solution that would drive the revolution towards self-driving cars. The AMoD is a technology comprising hardware, software, vehicle and its surrounding data that will improve the safety and economics of the ride. On an estimate, the Mobility on Demand MoD costs nearly US$ 2/mile, car ownership costs US$ 0.8/mile while AMoD costs US$ 0.3/mile. Hence, today, a number of companies are working hard on developing the AMoD technology stack. In addition, increasing concern over road safety, emissions, reduction in road congestion and soaring demand for ride-hailing services would further propel the growth of Robo-taxi market over the projected period.

Looking at the upcoming opportunities under the ride-hailing services industry, companies around the globe are working on self-driving vehicle, which can operate as Robo-Taxi soon. Tesla expects to launch the first Robo-taxis as part of broader vision for an autonomous ride-sharing network in 2020. Tesla will enable owners to add their properly equipped vehicles to its own ride-sharing app, which will have a similar business model to Uber or Airbnb. In Germany, Daimler is working with Bosch to develop self-driving electric cars that could be on the road by the early 2020s and has already launched its own car-sharing service, Car2Go, in some two dozen cities worldwide. In addition, Volkswagen has created Moia, a "social movement" unit exploring e-shuttles, ride pooling and car hailing.

Furthermore, Bosch-Daimler-Nivida collaboration announced that the partnership is squarely focused on the development of Robo-taxis. With plans to launch a test fleet of self-driving taxis in the second half of 2019 in the San Francisco Bay Area, the duo of Bosch and Daimler is set to compete with Waymo, General Motors’ self-driving car unit Cruise, and others.

Market Segmentation

Based on component, the global Robo-Taxi market is segmented into camera and sensors Lidar, Radar and Ultrasonic sensors . Sensors segment hold the maximum market share and is expected to keep its dominance over the forecast period as they provide exact information and ensure safety, hence, their adoption is growing seamlessly. Based on application, the market is segmented into goods carrier and passenger transportation. Passenger transportation segment is expected to dominate the market due to increasing awareness regarding the benefits of using a Robo-taxi service in the urban areas.

Furthermore, based on the level of autonomy, the market is bifurcated into level 4 and level 5. Level 4 is expected to capture the majority market due to the lack of infrastructure for level 5. Based on Propulsion, the market is segmented into hybrid, electric and fuel cell. Electric and hybrid propulsion segment is expected to boost the overall demand of Robo-taxi market over the analyzed period. The report further segments the market into vehicle type, including car and van/shuttle. Car segment is expected to hold the maximum market, however due to increasing demand for public transport, van/shuttle market will grow rapidly over the projection period.

Geography Analyzed

For better understanding on the adoption of the Robo-taxi market, detailed analysis was conducted for different regions/countries including North America US, Canada , Europe Germany, Spain, France, Sweden, UK and the rest of Europe Asia-Pacific China, Japan, India and South Korea among others and rest of the World. Among all, Europe being the hub of vehicle manufacturing is expected to witness considerable growth over the analyzed period due to increasing technological advancement and infrastructural development in the region.

Top Company Profiles

Over the past few years, the dominant players in this industry have adopted several competitive strategies such as merger and acquisition, partnership and business expansion among others to expand their reach and market share. Some of the major players operating in the market include Waymo LLC, Daimler AG, GM Cruise, Aptiv, Volvo, Google, Ridecell Inc, Tesla Inc., Uber Technologies Inc., Volkswagen, NAVYA, Lyft, Ford Argo.Ai and EasyMile.

Reasons to buy this report:

Historical and forecast market value validated through primary and secondary sources
In depth analysis of prominent industry peers with primary focus on key business financials, product portfolio, expansion strategies, SWOT analysis and recent developments
Examination on drivers, restraints, key trends and opportunities prevailing in the industry
Examination of industry attractiveness with the help of Porter’s Five Forces analysis
Comprehensive coverage of the market across different market segments
Deep dive regional/country level analysis of the industry
Customization Options:

Robo-taxi market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

Market Segmentation

Market Insights by Component

Ultrasonic Sensors
Market Insights by Application

Goods/Carrier Transportation
Passenger Transportation
Market Insights by Level of Autonomy

Level 4
Level 5
Market Insights by Propulsion

Fuel Cell
Market Insights by Vehicle Type

Market Insights by Region

North America
United States
Rest of North America
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Rest of World
Top Company Profiled

Waymo LLC
Daimler AG
GM Cruise
Ridecell Inc
Tesla Inc.
Uber Technologies Inc.
Ford Argo.Ai
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Planet Market Reports added Latest and detailed market study report that focuses on “Global Robo-Taxi Market" Which offers essential information based on fresh ideas into Global Robo-Taxi Market industry along with unique market analysis which covers current top Manufactures in Global Robo-Taxi Market, growth, Consumption Demand, challenges, Historical data, subjects wise Survey of each chapters, Regional Insights, and Advancing industry trends, which will help our clients to aim Global Robo-Taxi Market. In addition, the report helps the customers to get a brief idea about Future demand and specifications of products which ensures the driving long-term income and productivity of global market.