POD Taxi Market

POD Taxi Market Outlook 2030 -

POD taxi is also referred as personal rapid transit (PRT), which is a public transport system developed for travelling swiftly in congested areas. These are self-driving vehicles that can carry up to 6 people at a time. It is a revolutionary transportation concept. It is environmentally friendly and has the ability to be fueled by solar energy and other renewable energy sources. According to estimates, POD taxis running on solar energy reduce maintenance costs to about one-eighth of cars running on combustible fuels. According to data provided by the World Health Organization (WHO), approximately 1.35 million people die from road traffic collisions each year. In addition, in the long run, POD taxis are considered more cost-effective than traditional cars, and demand for these vehicles is expected to increase in the future. In addition, strengthening of infrastructure construction in developed and developing countries and increasing investments related to smart city projects are expected to provide profitable opportunities for the market in the next few years. For example, in the city of Gurugram, India, current public transportation system cannot meet all needs of travelers, which has increased concerns about peak hours and traffic jamming. The National Highway Authority of India (NHAI) have invested in formation of Delhi-Gurgaon Pod Taxi corridor to be carried out as a public private partnership project. According to the preliminary project plan framed by the authorities, it is expected that there would be about 800 to 1100 pod taxis in the first few years. Pod car is a revolutionary transportation concept. The ultra-pod system helps in reduction of carbon emissions by about 50% as compared to fossil fuel-powered buses.

COVID-19 Impact analysis

The automotive industry is facing a sharp decline in demand and investment. Due to COVID-19, automotive original equipment manufacturers have suffered some of the worst hits in the automotive industry. Macroeconomic trends, changing consumer behavior, and regulatory developments also have a direct long-term impact on the automotive industry, which affects the pod taxi market.

Top Impacting Factor

• Growing infrastructural developments, depleting fossil fuels, and need for better road safety and traffic control drive growth of the market.
• Lack of awareness, lack of proper infrastructure, and high investment costs are major restraints, which are expected to hamper the market growth.
• Investments in smart city projects and growing government focus on reducing greenhouse gas emissions provide opportunities for the market growth.

The automotive POD taxi market trends are as follows:

Need for better road safety and traffic control

POD taxis have several advantages over traditional vehicles, in terms of safety and traffic congestion. A self-driving car is equipped with many sensors, including LIDAR, radar, camera, and GPS. These devices are short range (providing details of moving objects near the vehicle) as well as long range (providing details of high-speed oncoming vehicles) to help vehicle sense any object or obstacle in its way, thus eliminating chances of accidents. Use of self-driving cars will also reduce fuel consumption as sensors used in the vehicle such as LIDAR and radar operate according to traffic congestion, thereby turning off the vehicle in extreme traffic congestion. Thus, the need for better road safety and traffic control leads to growth of the POD taxi market across the globe.

Key benefits of the report:

• This study presents the analytical depiction of the POD taxi industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with challenges of the POD taxi market.
• The current market is quantitatively analyzed to highlight the POD taxi market growth scenario.
• The report provides a detailed POD taxi market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the POD taxi market research report:

• Which are the leading market players active in the POD taxi market?
• What would be the detailed impact of COVID-19 on the market?
• What current trends would influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the POD taxi market?
• What are the projections for the future that would help in taking further strategic steps?

 POD Taxi Market Report Highlights