Dublin, Sept. 14, 2020 (GLOBE NEWSWIRE) -- The "Global Robotaxi Market - A Global & Regional Analysis: Focus on Product Types, Applications, Country-Level Analysis, and Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The global robo taxi market is expected to grow at a CAGR of 168.29% throughout the forecast period, 2020-2025, to reach 535 thousand units by 2025.
The North America region dominated the global robotaxi market in 2019, whereas the Europe region is expected to showcase the highest growth rate during the forecast period.
The global robotaxi market is mainly attributed due to the need for enhanced road safety across the globe. Additionally, numerous initiatives from the government to develop robotaxis in different regions is also boosting the global robotaxi market. Participation of various automotive manufacturers and increasing vehicular congestion and pollution are expected to further bolster the growth of the global robotaxi market.
Robotaxis are autonomous vehicles that aim to provide on-demand ride-sharing services to autonomous vehicles. These vehicles usually belong to the 4 and 5 levels of autonomy. Both traditional OEMs and new vehicle developers are working in this ecosystem to improve and introduce fully autonomous robotaxis on the road. Although the robotaxis drive autonomously, a safety operator on-board monitors the driving systems in the current scenario. Robotaxis find their use in numerous locations. However, the initial deployment of the self-driving taxis is expected to be concentrated at airports, industrial parks, amusement parks, exhibition complexes, and pedestrian areas, among other locations.
To gain market share, major robotaxi technology providers, automotive manufacturers, and mobility-as-a-Service (MaaS) providers, are making various kinds of strategic moves. A majority of the companies preferred business expansion and product launches as a strategy to further increase their sales. Business expansion has been a leading strategy adopted by the companies, as it not only increases their revenue but also enhances their product portfolio and increases their product application base. Several companies, including Easymile, Fiat Chrysler Automobiles, Local Motors, May Mobility, Navya, Ridecell Inc., Uber, and Voyage among others, have been involved in product launches and enhancements.
Key Topics Covered:
1.1 Industry Outlook
1.1.1 Trends: Current and Future
184.108.40.206 Autonomous Vehicles
220.127.116.11 Vehicle-to-Everything Communication
1.1.2 Ecosystem/Ongoing Programs
18.104.22.168 Regulations and Regulatory Bodies
22.214.171.124 Regulatory Agencies for Driverless Vehicles
1.1.3 Supply Chain Network/MAP
1.2 Business Dynamics
1.2.1 Business Drivers
126.96.36.199 Need for Better Road Safety and Traffic Control
188.8.131.52 Increasing Government Initiatives Toward Connected and Autonomous Infrastructure
184.108.40.206 Low Lifetime Cost for Service Ownerships Compared to Private Vehicle Ownership
1.2.2 Business Restraints
220.127.116.11 Increasing Concerns and Threats Pertaining to Cyberattacks
18.104.22.168 Lack of Safety and Reliability of Robotaxis Amongst Consumers
22.214.171.124 Lack of Proper Infrastructural Capabilities in Developing Countries
126.96.36.199 Impact of COVID-19 on Robotaxi Market
1.2.3 Business Strategies
188.8.131.52 Product Developments
184.108.40.206 Market Developments
1.2.4 Corporate Strategies
220.127.116.11 Mergers and Acquisitions
18.104.22.168 Partnerships and Collaborations
1.2.5 Business Opportunities
22.214.171.124 Paradigm Shift From Private Car Ownership to Shared Mobility
1.3 Startup Landscape
1.3.1 Key Startups in Ecosystem
1.3.2 Funding Analysis
126.96.36.199 Major Investors
188.8.131.52 Unicorn Startups
2.1 Global Robotaxi Market, by Application
2.1.1 Passenger Transportation
2.1.2 Goods Transportation
2.2 Demand Analysis for Global Robotaxi Market, by Application
2.2.1 Passenger Transportation
2.2.2 Goods Transportation
3.1 Robotaxi Market, by Product Type
3.2 Demand Analysis for Robotaxi Market, by Product Type
3.3 Global Robotaxi Market, by Level of Autonomy
3.3.1 Level 4
3.3.2 Level 5
3.4 Demand Analysis for Robotaxi Market, by Level of Autonomy
3.4.1 Level 4
3.4.2 Level 5
3.5 Product Benchmarking: Growth Rate - Market Share Matrix
3.5.1 Opportunity Matrix, by Product Type
5 Markets - Competitive Benchmarking & Company Profiles
Role in Robotaxi Market
Partnerships and Collaborations
Mergers and Acquisitions
- Argo AI, LLC
- AutoX, Inc
- Cruise LLC
- Daimler AG
- DiDi Chuxing
- EasyMile SAS
- Fiat Chrysler Automobiles NV
- Local Motors
- May Mobility
- Ridecell, Inc.
- Uber Technologies Inc.
- Voyage Auto, Inc.
- Waymo LLC
For more information about this report visit https://www.researchandmarkets.com/r/qj4zr3
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