Consistent development in the field of autonomous vehicles, which focuses on the reduction of crashes, energy consumption, pollution, and congestion is likely to drive the autonomous taxi market during the forecast period. Countries such as the UAE and Singapore are already planning to introduce autonomous taxis for in their respective countries. Governments of the developed countries are focusing on autonomous taxi systems in order to provide safe and better public transportation. However, the high cost and infrastructure related issues are likely to hamper the autonomous taxi market during the forecast period.

The global autonomous taxi market can be segmented based on mode of transport, carriage type, ownership, technology, booking type, and region. Based on mode of transport, the autonomous taxi market can be classified into road and air. The road segment is likely to dominate the autonomous taxi market, due to a majority of manufacturers focusing on autonomous cars, low cost associated with manufacturing, government policies regarding autonomous cars.  Companies such as Waymo, UBER, and nuTonomy are testing their vehicles on the road in order to cater to their customers.

 Based on, carriage type, the autonomous taxi market can be segregated into passengers and goods. Most autonomous taxis are expected to be utilized for public transport. Customers are preferring autonomous taxis in order to avoid traffic congestion, enhance passenger safety, better driving experience, and reduce road fatalities. Changing government policies related to passenger safety and pollution are likely to drive the autonomous taxi market during the forecast period.

Based on ownership, the autonomous taxi market can be segmented into private and fleet. The fleet segment is likely to dominate the autonomous taxi market. Owing to cost of autonomous vehicle private user of these vehicles are less. For public transport companies like UBER, Waymo, and nuTonomy they are providing service using these vehicles. Fleet segment is likely to dominate the autonomous taxi market during the forecast period.

Based on technology, the autonomous taxi market can be segregated into fully autonomous and partial autonomous. Testing of fully autonomous technology based vehicles is being carried out in a few regions; however, partial autonomous technology based vehicles are mostly employed. The partial autonomous technology segment currently dominates the autonomous taxi market.

Based on booking type, the autonomous taxi market can be divided into online and offline. The online booking segment is likely to dominate the autonomous taxi market due to the user-friendly system, easy availability, and easy transfer of money and internet penetration.

In terms of region, the autonomous taxi market can be segmented into North America, Europe, Middle East & Africa, and Asia Pacific. North America and Europe is expected to lead the autonomous taxi market during the forecast period due to the high adoption of advanced technology, focus on carbon emission by governments of countries in these regions, and to enhance passenger safety. Furthermore, the countries in Asia Pacific are developing and their governments are supporting to concept of autonomous taxis in order to reduce traffic-related issues and strengthen public transport.

Key players operating in the global autonomous taxi market include Apple Inc., Baidu, Inc., Intel Corporation, Lyft, Inc., nuTonomy, NVIDIA Corporation, Tesla, UBER, Volocopter GmbH, and WAYMO.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Autonomous Taxi Market

Pre Book