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Robo Taxi Market by Application (Goods Transportation and Passenger Transportation), Component (Camera, RADAR, LiDAR, Ultrasonic Sensor and Others), Propulsion (Electric Vehicles, Fuel Cell Vehicles, and Hybrid Vehicles) and Level of Automation (Level 4 (L4) and Level 5 (L5)): Global Opportunity Analysis and Industry Forecast, 2023–2030

A05761
Pages: 266
Feb 2020 | 3891 Views
 
Author(s) : Abhay Singh, Lalit Katare , Sonia Mutreja
Tables: 119
Charts: 78
 

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Robo Taxi Market Outlook - 2026

The global robo taxi market is expected to be $1.03 billion in 2023, and is projected to reach $38.61 billion by 2030, registering a CAGR of 67.8% from 2023 to 2030. The goods transportation segment is projected to be the highest contributor to the market, with $0.61 billion in 2023, and is estimated to reach $21.71 billion by 2030, at a CAGR of 70.5% during the forecast period. The passenger transportation segment is estimated to reach $16.89 billion by 2030 at a CAGR of 74.2%.                                                           

Robo-taxis are the self-driving taxis that are autonomous vehicles, which are operated by an on-demand mobility service. They are self-driving vehicles any human involvement for the operation of the vehicle. With the introduction of automation in vehicles, the demand for self-driving vehicles has increased, which has supplemented the growth of robo-taxi across the globe. Also, autonomous vehicles have gained popularity among customers which has made companies to develop vehicles that do not require a human to drive the vehicle. With the introduction of automation in vehicles, the need for a human driver has been reduced thereby reducing the chances of accidents caused due to human errors. Also, a robo-taxi is equipped with various sensors such as RADAR, LiDAR and others, which makes the vehicle efficient to operate eventually leading to the growth of robo taxi market across the globe.

Robo Taxi Market

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Increase in government initiatives and rise in investments by the top players in the automation industry boost the growth of the global robo taxi market. Moreover, increase in development and innovations further fuels the robo-taxi industry. In addition, positive impact of developments related to autonomous vehicles carried out by numerous startups and top players fuels the market across the globe, which increases the robo taxi market size.

The factors such as demand for fuel-efficient and emission-free vehicles and need for better road safety and traffic control drive the robo taxi market growth. However, high R&D cost for implementation and cybersecurity threats is expected to hamper the robo taxi market growth. Further, government regulations and development of smart cities is expected to create numerous opportunities for the growth and expansion of the robo taxi market during the forecast period.

The robo taxi market is segmented based on application, component used, propulsion, level of automation, and region. Based on application, the robo taxi market is categorized into goods transportation and passenger transportation. Based on the component used, the robo taxi market report has been categorized into camera, RADAR, LiDAR, and ultrasonic sensor. Based on the propulsion system, the robo taxi market report has been categorized into electric, fuel cell and hybrid propulsion system. Level 4 (L4) and level 5 (L5) are the level of automations that have been categorized in the robo taxi market report. Based on the region, the robo taxi market report has been categorized into North America, Europe, Asia-Pacific and LAMEA.

Key players including Waymo LLC (subsidiary of Alphabet Inc.), Cruise LLC (subsidiary of General Motor Company), Tesla, Nissan Motor Corporation, Lyft, Inc., Uber Technologies, Daimler AG, Ford Motor Company, Volkswagen AG and Volvo Group hold major market share.

Robo Taxi Market
By Application

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Passenger transportation is projected as the most lucrative segments

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Demand for Fuel Efficient and Emission Free Vehicles

With the increased trend for automation among vehicles, the demand for fuel efficient and emission free vehicles has increased across the globe. This increased demand has enabled the manufacturers to develop emission free vehicles, which supplement the robo taxi market growth. Robo-taxis are intended to be completely autonomous and thus, require a better and more efficient fuel system to operate the vehicle. Also, the introduction of electric and fuel cell-based vehicles reduce their dependency on fossil fuels to a larger extent. This leads to reduction in pollution, as they do not emit air pollutants. Also, the increase in awareness toward the consequences of air pollution and rise in levels of traffic & greenhouse gas emission drive the adoption of fuel efficient and emission free vehicle, as robo-taxi is eco-friendly than other conventional vehicles in terms of fuel efficiency. Hence, the demand for fuel efficient and emission-free vehicles supplements the growth of the robo taxi market across the globe.

Robo Taxi Market
By Component

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Ultrasonis Sensors is projected as the most lucrative segment

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Need for Better Road Safety and Traffic Control 

Robo-taxis have several advantages over traditional vehicles in terms of safety and traffic congestion. An autonomous vehicle is installed with a number of sensors including LiDAR, RADAR, camera, and GPS. These sensors 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 the vehicle sense any object or obstacle in its way, thus eliminating the chances of accidents. 

Robo-taxis can also help reduce traffic congestion. Based on a study by University of Illinois, it was proven that one autonomous car stuck in a traffic congestion with 20 other human driven cars can ease the congestion by controlling its speed and of all the other cars in the jam. The fuel consumption will also be reduced with the use of autonomous vehicle as the sensors such as LiDAR, RADAR and others used in vehicles operate as per the traffic congestion, thereby switching off the vehicles in extreme traffic congestion.  However, autonomous vehicle moving at a controlled pace can reduce the use of fuel. Thus, the need for better road safety and traffic control leads to the growth of the robo taxi market across the globe. 

Robo Taxi Market
By Propulsion

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Hybrid Vehicles is projected as the most lucrative segments

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High R&d Cost for Implementation

Robo taxis consist of more than 50 sensors including LiDAR, RADAR, and camera, which are installed all around the vehicle and help build a safety circumference. Any obstacle approaching the vehicle can be immediately detected using these sensors. However, these sensors are not economically priced. A high quality long range LiDAR can even cost up to $75,000. And apart from the hardware cost, the vehicle also needs software, which can extract information from the sensors and control the vehicle. Therefore, vehicle production and large-scale deploy with cost-effective hardware pose to be major challenges for the manufacturers, which is expected to be the restraining factor for the robo taxi market during the forecast period.

Government Regulations

The government of several countries implement regulations in support of autonomous vehicles. For instance, in September 2017, the U.S. House of Representatives passed a bill for Safely Ensuring Lives Future Deployment and Research in Vehicle Evolution Act, or Self Drive Act, which is waiting to get cleared from the Senate. The role of this act is to establish a federal framework for the regulation of self-driving cars. Earlier, the autonomous vehicle market players were interested in testing driverless technology. They need to apply exemptions from the National Highway and Traffic Safety Administration’s (NHTSA) federal motor vehicle safety standards; however, the agency grants only 2,500 exemptions per year. But the Self Drive Act is projected to increase that cap to 25,000 per year initially, and expand it up to 100,000 annually in three years’ time. Such type of government regulations supplements the growth of robo taxi market across the globe.

Robo Taxi Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

North America would exhibit the highest CAGR of 29.6% during 2021-2030.

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Key Benefits for Stakeholders

  • This study comprises analytical depiction of the Robo Taxi market with current trends and future estimations to depict the imminent investment pockets.
  • The overall potential is determined to understand the profitable trends to gain a stronger foothold Robo Taxi industry.
  • The market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market forecast is quantitatively analyzed from 2023 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Robo Taxi Market Key Segments

By Application

  • Goods 
  • Passenger 

By Level of Autonomy

  • L4
  • L5 

By Vehicle  

  • Car
  • Shuttle/Van 

By Service  

  • Rental
  • Station Based

By Propulsion

  • Electric
  • Hybrid
  • Fuel Cell

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled 

  • Waymo LLC 
  • Aptiv
  • GM Cruise LLC
  • Ridecell Inc 
  • Uber Technologies Inc. 
  • NAVYA   
  • EasyMile
  • Daimler AG
  • Ford Motor Company
  • Lyft Inc.
 

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies

3.3. Porter’s five forces analysis
3.4. Market share analysis (2023)
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Demand for fuel efficient and emission free vehicles
3.5.1.2. Need for better road safety and traffic control

3.5.2. Restraints

3.5.2.1. High R&D cost for implementation
3.5.2.2. Cybersecurity threats

3.5.3. Opportunities

3.5.3.1. Government regulations
3.5.3.2. Development of smart cities

CHAPTER 4: ROBO-TAXI MARKET, BY APPLICATION

4.1. Overview
4.2. Goods transportation

4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country

4.3. Passenger transportation

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

CHAPTER 5: ROBO-TAXI MARKET, BY COMPONENT

5.1. Overview
5.2. Camera

5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country

5.3. RADAR

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

5.4. LiDAR

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country

5.5. Ultrasonic sensor

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country

5.6. Others

5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country

CHAPTER 6: ROBO-TAXI MARKET, BY PROPULSION

6.1. Overview
6.2. Electric

6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country

6.3. Fuel cell

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country

6.4. Hybrid

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country

CHAPTER 7: ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION

7.1. Overview
7.2. Level 4 (L4)

7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis by country

7.3. Level 5 (L5)

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis by country

CHAPTER 8: ROBO-TAXI MARKET, BY REGION

8.1. Overview
8.2. North America

8.2.1. Key market trends, growth factors, and opportunities
8.2.2. Market size and forecast, by application
8.2.3. Market size and forecast, by component
8.2.4. Market size and forecast, by propulsion
8.2.5. Market size and forecast, by level of automation
8.2.6. Market analysis by country

8.2.6.1. U.S.

8.2.6.1.1. Market size and forecast, by application
8.2.6.1.2. Market size and forecast, by component
8.2.6.1.3. Market size and forecast, by propulsion
8.2.6.1.4. Market size and forecast, by level of automation

8.2.6.2. Canada

8.2.6.2.1. Market size and forecast, by application
8.2.6.2.2. Market size and forecast, by component
8.2.6.2.3. Market size and forecast, by propulsion
8.2.6.2.4. Market size and forecast, by level of automation

8.2.6.3. Mexico

8.2.6.3.1. Market size and forecast, by application
8.2.6.3.2. Market size and forecast, by component
8.2.6.3.3. Market size and forecast, by propulsion
8.2.6.3.4. Market size and forecast, by level of automation

8.3. Europe

8.3.1. Key market trends, growth factors, and opportunities
8.3.2. Market size and forecast, by application
8.3.3. Market size and forecast, by component
8.3.4. Market size and forecast, by propulsion
8.3.5. Market size and forecast, by level of automation
8.3.6. Market analysis by country

8.3.6.1. Germany

8.3.6.1.1. Market size and forecast, by application
8.3.6.1.2. Market size and forecast, by component
8.3.6.1.3. Market size and forecast, by propulsion
8.3.6.1.4. Market size and forecast, by level of automation

8.3.6.2. France

8.3.6.2.1. Market size and forecast, by application
8.3.6.2.2. Market size and forecast, by component
8.3.6.2.3. Market size and forecast, by propulsion
8.3.6.2.4. Market size and forecast, by level of automation

8.3.6.3. UK

8.3.6.3.1. Market size and forecast, by application
8.3.6.3.2. Market size and forecast, by component
8.3.6.3.3. Market size and forecast, by propulsion
8.3.6.3.4. Market size and forecast, by level of automation

8.3.6.4. Italy

8.3.6.4.1. Market size and forecast, by application
8.3.6.4.2. Market size and forecast, by component
8.3.6.4.3. Market size and forecast, by propulsion
8.3.6.4.4. Market size and forecast, by level of automation

8.3.6.5. Rest of Europe

8.3.6.5.1. Market size and forecast, by application
8.3.6.5.2. Market size and forecast, by component
8.3.6.5.3. Market size and forecast, by propulsion
8.3.6.5.4. Market size and forecast, by level of automation

8.4. Asia-Pacific

8.4.1. Key market trends, growth factors, and opportunities
8.4.2. Market size and forecast, by application
8.4.3. Market size and forecast, by component
8.4.4. Market size and forecast, by propulsion
8.4.5. Market size and forecast, by level of automation
8.4.6. Market analysis by country

8.4.6.1. Japan

8.4.6.1.1. Market size and forecast, by application
8.4.6.1.2. Market size and forecast, by component
8.4.6.1.3. Market size and forecast, by propulsion
8.4.6.1.4. Market size and forecast, by level of automation

8.4.6.2. China

8.4.6.2.1. Market size and forecast, by application
8.4.6.2.2. Market size and forecast, by component
8.4.6.2.3. Market size and forecast, by propulsion
8.4.6.2.4. Market size and forecast, by level of automation

8.4.6.3. Australia

8.4.6.3.1. Market size and forecast, by application
8.4.6.3.2. Market size and forecast, by component
8.4.6.3.3. Market size and forecast, by propulsion
8.4.6.3.4. Market size and forecast, by level of automation

8.4.6.4. South Korea

8.4.6.4.1. Market size and forecast, by application
8.4.6.4.2. Market size and forecast, by component
8.4.6.4.3. Market size and forecast, by propulsion
8.4.6.4.4. Market size and forecast, by level of automation

8.4.6.5. Rest of Asia-Pacific

8.4.6.5.1. Market size and forecast, by application
8.4.6.5.2. Market size and forecast, by component
8.4.6.5.3. Market size and forecast, by propulsion
8.4.6.5.4. Market size and forecast, by level of automation

8.5. LAMEA

8.5.1. Key market trends, growth factors, and opportunities
8.5.2. Market size and forecast, by application
8.5.3. Market size and forecast, by component
8.5.4. Market size and forecast, by propulsion
8.5.5. Market size and forecast, by level of automation
8.5.6. Market analysis by country

8.5.6.1. Latin America

8.5.6.1.1. Market size and forecast, by application
8.5.6.1.2. Market size and forecast, by component
8.5.6.1.3. Market size and forecast, by propulsion
8.5.6.1.4. Market size and forecast, by level of automation

8.5.6.2. Middle East

8.5.6.2.1. Market size and forecast, by application
8.5.6.2.2. Market size and forecast, by component
8.5.6.2.3. Market size and forecast, by propulsion
8.5.6.2.4. Market size and forecast, by level of automation

8.5.6.3. Africa

8.5.6.3.1. Market size and forecast, by application
8.5.6.3.2. Market size and forecast, by component
8.5.6.3.3. Market size and forecast, by propulsion
8.5.6.3.4. Market size and forecast, by level of automation

CHAPTER 9: COMPANY PROFILES

9.1. Cruise LLC (subsidiary of General Motor Company)

9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Business performance
9.1.5. Key strategic moves and developments

9.2. Daimler AG

9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Business performance
9.2.5. Key strategic moves and developments

9.3. Ford Motor Company

9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Business performance
9.3.5. Key strategic moves and developments

9.4. Lyft, Inc.

9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Product portfolio
9.4.4. Key strategic moves and developments

9.5. Nissan Motor Corporation

9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Business performance
9.5.5. Key strategic moves and developments

9.6. Tesla

9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Business performance
9.6.5. Key strategic moves and developments

9.7. Uber Technologies

9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Operating business segments
9.7.4. Business performance
9.7.5. Key strategic moves and developments

9.8. Volkswagen AG

9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Business performance
9.8.5. Key strategic moves and developments

9.9. Volvo Group

9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Business performance
9.9.5. Key strategic moves and developments

9.10. WAYMO LLC (subsidiary of Alphabet Inc.)

9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Business performance
9.10.5. Key strategic moves and developments

LIST OF TABLES

TABLE 01. GLOBAL ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 02. ROBO-TAXI MARKET REVENUE FOR GOODS TRANSPORTATION, BY REGION 2023–2030 ($MILLION)
TABLE 03. ROBO-TAXI MARKET REVENUE FOR PASSENGER TRANSPORTATION, BY REGION 2023–2030 ($MILLION)
TABLE 04. GLOBAL ROBO-TAXI MARKET, BY COMPONENT, 2023-2030($MILLION)
TABLE 05. ROBO-TAXI MARKET REVENUE FOR CAMERA, BY REGION 2023-2030 ($MILLION)
TABLE 06. ROBO-TAXI MARKET REVENUE FOR RADAR, BY REGION 2023-2030 ($MILLION)
TABLE 07. ROBO-TAXI MARKET REVENUE FOR LIDAR, BY REGION 2023–2030 ($MILLION)
TABLE 08. ROBO-TAXI MARKET REVENUE FOR ULTRASONIC SENSOR, BY REGION 2023–2030 ($MILLION)
TABLE 09. ROBO-TAXI MARKET REVENUE FOR OTHERS, BY REGION 2023-2030 ($MILLION)
TABLE 10. GLOBAL ROBO-TAXI MARKET, BY PROPULSION, 2023-2030($MILLION)
TABLE 11. ROBO-TAXI MARKET REVENUE FOR ELECTRIC, BY REGION 2023-2030 ($MILLION)
TABLE 12. ROBO-TAXI MARKET REVENUE FOR FUEL CELL, BY REGION 2023-2030 ($MILLION)
TABLE 13. ROBO-TAXI MARKET REVENUE FOR HYBRID, BY REGION 2023-2030 ($MILLION)
TABLE 14. GLOBAL ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 15. ROBO-TAXI MARKET REVENUE FOR L4, BY REGION 2023–2030 ($MILLION)
TABLE 16. ROBO-TAXI MARKET REVENUE FOR LEVEL 5 (L5), BY REGION 2023–2030 ($MILLION)
TABLE 17. NORTH AMERICA ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 18. NORTH AMERICA ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 19. NORTH AMERICA ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 20. NORTH AMERICA ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 21. U.S. ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 22. U.S. ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 23. U.S. ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 24. U.S. ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 25. CANADA ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 26. CANADA ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 27. CANADA ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 28. CANADA ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 29. MEXICO ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 30. MEXICO ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 31. MEXICO ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 32. MEXICO ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 33. EUROPE ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 34. EUROPE ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 35. EUROPE ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 36. EUROPE ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 37. GERMANY ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 38. GERMANY ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 39. GERMANY ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 40. GERMANY ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 41. FRANCE ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 42. FRANCE ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 43. FRANCE ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 44. FRANCE ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 45. UK ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 46. UK ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 47. UK ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 48. UK ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 49. ITALY ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 50. ITALY ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 51. ITALY ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 52. ITALY ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 53. REST OF EUROPE ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 54. REST OF EUROPE ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 55. REST OF EUROPE ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 56. REST OF EUROPE ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 57. ASIA-PACIFIC ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 58. ASIA-PACIFIC ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 59. ASIA-PACIFIC ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 60. ASIA-PACIFIC ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 61. JAPAN ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 62. JAPAN ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 63. JAPAN ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 64. JAPAN ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 65. CHINA ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 66. CHINA ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 67. CHINA ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 68. CHINA ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 69. AUSTRALIA ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 70. AUSTRALIA ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 71. AUSTRALIA ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 72. AUSTRALIA ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 73. SOUTH KOREA ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 74. SOUTH KOREA ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 75. SOUTH KOREA ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 76. SOUTH KOREA ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 77. REST OF ASIA-PACIFIC ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 78. REST OF ASIA-PACIFIC ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 79. REST OF ASIA-PACIFIC ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 80. REST OF ASIA-PACIFIC ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 81. LAMEA ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 82. LAMEA ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 83. LAMEA ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 84. LAMEA ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 85. LATIN AMERICA ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 86. LATIN AMERICA ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 87. LATIN AMERICA ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 88. LATIN AMERICA ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 89. MIDDLE EAST ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 90. MIDDLE EAST ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 91. MIDDLE EAST ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 92. MIDDLE EAST ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 93. AFRICA ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
TABLE 94. AFRICA ROBO-TAXI MARKET, BY COMPONENT, 2023–2030 ($MILLION)
TABLE 95. AFRICA ROBO-TAXI MARKET, BY PROPULSION, 2023–2030 ($MILLION)
TABLE 96. AFRICA ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 ($MILLION)
TABLE 97. GENERAL MOTORS COMPANY: COMPANY SNAPSHOT
TABLE 98. GENERAL MOTORS COMPANY: OPERATING SEGMENTS
TABLE 99. DAIMLER AG: COMPANY SNAPSHOT
TABLE 100. DAIMLER AG: OPERATING SEGMENTS
TABLE 101. FORD MOTOR COMPANY: COMPANY SNAPSHOT
TABLE 102. DAIMLER AG: OPERATING SEGMENTS
TABLE 103. LYFT INC.: COMPANY SNAPSHOT
TABLE 104. LYFT INC.: PRODUCT PORTFOLIO
TABLE 105. LYFT INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 106. NISSAN MOTOR CORPORATION: COMPANY SNAPSHOT
TABLE 107. NISSAN MOTOR CORPORATION: OPERATING SEGMENTS
TABLE 108. NISSAN MOTOR CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 109. TESLA: COMPANY SNAPSHOT
TABLE 110. TESLA: OPERATING SEGMENTS
TABLE 111. TESLA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 112. UBER TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 113. EMBRAER: OPERATING SEGMENTS
TABLE 114. VOLKSWAGEN AG: COMPANY SNAPSHOT
TABLE 115. VOLKSWAGEN AG: OPERATING SEGMENTS
TABLE 116. VOLVO GROUP (VOLVO): COMPANY SNAPSHOT
TABLE 117. VOLVO GROUP (VOLVO): OPERATING SEGMENTS
TABLE 118. WAYMO LLC (SUBSIDIARY OF ALPHABET INC.): COMPANY SNAPSHOT
TABLE 119. WAYMO LLC: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 01. KEY MARKET SEGMENTS
FIGURE 02. EXECUTIVE SUMMARY
FIGURE 03. EXECUTIVE SUMMARY
FIGURE 04. TOP IMPACTING FACTORS
FIGURE 05. TOP INVESTMENT POCKETS
FIGURE 06. TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 07. TOP WINNING STRATEGIES, BY YEAR, 2016–2019*
FIGURE 08. TOP WINNING STRATEGIES, BY COMPANY, 2016–2019*
FIGURE 09. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 10. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 11. MODERATE THREAT OF SUBSTITUTES
FIGURE 12. HIGH-TO-MODERATE INTENSITY OF RIVALRY
FIGURE 13. MODERATE BARGAINING POWER OF BUYERS
FIGURE 14. MARKET SHARE ANALYSIS (2023)
FIGURE 15. GLOBAL ROBO-TAXI MARKET, BY APPLICATION, 2023–2030 ($MILLION)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR GOODS TRANSPORTATION, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR PASSENGER TRANSPORTATION, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 18. GLOBAL ROBO-TAXI MARKET, BY COMPONENT, 2023 & 2030 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR CAMERA, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR RADAR, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR LIDAR, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR ULTRASONIC SENSOR, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR OTHERS, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 24. GLOBAL ROBO-TAXI MARKET, BY PROPULSION, 2023 & 2030 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR ELECTRIC, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR FUEL CELL, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR HYBRID, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 28. GLOBAL ROBO-TAXI MARKET, BY LEVEL OF AUTOMATION, 2023–2030 (%)
FIGURE 29. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR LEVEL 4 (L4), BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 30. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET FOR L5, BY COUNTRY, 2023 & 2030 ($MILLION)
FIGURE 31. ROBO-TAXI MARKET, BY REGION, 2023-2030 (%)
FIGURE 32. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET, BY COUNTRY, 2023–2030 (%)
FIGURE 33. U.S. ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 34. CANADA ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 35. MEXICO ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 36. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET, BY COUNTRY, 2023–2030 (%)
FIGURE 37. GERMANY ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 38. FRANCE ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 39. UK ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 40. ITALY ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 41. REST OF EUROPE ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 42. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET, BY COUNTRY, 2023–2030 (%)
FIGURE 43. JAPAN ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 44. CHINA ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 45. AUSTRALIA ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 46. SOUTH KOREA ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 47. REST OF ASIA-PACIFIC ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 48. COMPARATIVE SHARE ANALYSIS OF ROBO-TAXI MARKET, BY COUNTRY, 2023–2030 (%)
FIGURE 49. LATIN AMERICA ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 50. MIDDLE EAST ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 51. AFRICA ROBO-TAXI MARKET, 2023–2030 ($MILLION)
FIGURE 52. GENERAL MOTORS COMPANY: REVENUE, 2016–2018 ($MILLION)
FIGURE 53. GENERAL MOTORS COMPANY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 54. GENERAL MOTORS COMPANY: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 55. DAIMLER AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 56. DAIMLER AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 57. DAIMLER AG: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 58. FORD MOTOR COMPANY: REVENUE, 2016–2018 ($MILLION)
FIGURE 59. FORD MOTOR COMPANY: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 60. FORD MOTOR COMPANY: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 61. NISSAN MOTOR CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 62. NISSAN MOTOR CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 63. NISSAN MOTOR CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 64. TESLA: REVENUE, 2016–2018 ($MILLION)
FIGURE 65. TESLA: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 66. TESLA: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 67. UBER TECHNOLOGIES: REVENUE, 2016–2018 ($MILLION)
FIGURE 68. UBER TECHNOLOGIES: REVENUE, BY BUSINESS SEGMENT, 2018 (%)
FIGURE 69. UBER TECHNOLOGIES: REVENUE, BY REGION, 2018 (%)
FIGURE 70. VOLKSWAGEN AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 71. VOLKSWAGEN AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 72. VOLKSWAGEN AG: REVENUE SHARE BY GEOGRAPHY, 2018 (%)
FIGURE 73. VOLVO GROUP (VOLVO): REVENUE, 2016–2018 ($MILLION)
FIGURE 74. VOLVO GROUP (VOLVO): REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 75. VOLVO GROUP (VOLVO): REVENUE SHARE BY REGION, 2018 (%)
FIGURE 76. ALPHABET INC: NET SALES, 2015-2017 ($MILLION)
FIGURE 77. ALPHABET INC: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 78. ALPHABET INC: REVENUE SHARE BY REGION, 2017 (%)

 
 

Robo-taxis are the self-driving vehicles that operate autonomously and does not require any human chauffer to drive the vehicle. Robo-taxis require artificial intelligence system to operate the vehicle effectively and efficiently. Since it does not include a driver for the operation of the vehicle, the robo-taxis and autonomous vehicles have gained popularity, thereby leading to the growth of the market across the globe. Various companies such as Waymo LLC (subsidiary of Alphabet Inc.), Tesla, Nissan Motor Corporation and others have carried out numerous developments and innovations in the field of robo-taxis, which supplements the growth of the market. Also, various governments across the globe have made mandatory regulations to implement autonomous vehicles in their jurisdiction, which is expected to fuel the growth of the robo-taxi market during the forecast period.

The factors such as demand for fuel-efficient and emission-free vehicles and need for better road safety and traffic control are driving the growth of the market. However, high R&D cost for implementation and cybersecurity threats is expected to hamper the growth of the robo-taxi market. Further, government regulations and development of smart cities are expected to create numerous opportunities for the expansion of the market.

Among the analyzed regions, currently, North America is expected to be the highest revenue contributor, and is projected to maintain the lead during the forecast period, followed by Europe, LAMEA, and Asia-Pacific.

 

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