DUBLIN, September 27, 2021--(BUSINESS WIRE)--The "Robotaxi Market, by Vehicle, by Service, by Propulsion, by Component, by Application Type, by Level of Autonomy, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The increasing demand for ride-hailing services across globe is expected to boost the global robotaxi market. For instance, in July 2021, Pittsburgh's self-driving startup Argo AI, Ride-hail Company Lyft and Ford Motor Co. planning to offer robotaxi service in Miami by the end of the year and in Austin in 2022.
Also, in December 2020, Amazon's Zoox introduced self-driving robotaxi for ride-hailing services in the U.S. The new robotaxi consists of various cameras and sensors including LiDAR and RADAR mounted on it to help eliminate blind spots and provide a 270-degree view of the road. This taxi can able to travel up to 75mph and can run for 16 hours on a single charge.
Furthermore, increasing focus of Chinese government on trials of autonomous taxi service is expected to boost the market of robotaxi in the country. For instance, in July 2021, the southern Chinese metropolis of Shenzhen collaborated with self-driving startup DeepRoute.ai to introduce first pilot autonomous taxi service project in Shenzhen, China. DeepRoute.ai is the first company to trail robotaxi service in Shenzhen, China.
However, the high cost associated with the research and development is expected to hamper the growth of the global robotaxi market.
This report segments the global robotaxi market on the basis of vehicle, service, propulsion, component, application type, level of autonomy, and region.
On the basis of vehicle, global robotaxi market is segmented into shuttle/van and car.
On the basis of service, global robotaxi market is segmented into rental and station based.
On the basis of propulsion, global robotaxi market is segmented into electric and fuel cell.
On the basis of component, global robotaxi market is segmented into LiDAR, RADAR, camera, and sensor.
On the basis of application type, global robotaxi market is segmented into goods transportation and passenger transportation.
On the basis of level of autonomy, global robotaxi market is segmented into level four and level five.
On the basis of region, global robotaxi market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
This report provides an in-depth analysis of the global robotaxi market, provides market size (US$ Billion), and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global robotaxi market based on the following parameters - regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Major companies operating in the global robotaxi market include AutoX, Inc., Baidu, BMW AG, Daimler AG, EasyMile, Ford Motor Company, GM Cruise LLC, Hyundai, Tesla, Inc., and Waymo LLC
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global robotaxi market analysis report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global robotaxi market
Ford Motor Company
GM Cruise LLC
For more information about this report visit https://www.researchandmarkets.com/r/4e749t
View source version on businesswire.com: https://www.businesswire.com/news/home/20210927005363/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900