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.
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.
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.
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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
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 Insights by Component
Market Insights by Application
Market Insights by Level of Autonomy
Market Insights by Propulsion
Market Insights by Vehicle Type
Market Insights by Region
Rest of North America
Rest of Europe
Rest of Asia-Pacific
Rest of World
Top Company Profiled
Uber Technologies Inc.
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