A minimum human intervention or complete self-driving taxi is termed as a robo-taxi. Inclination toward autonomous vehicles is a major factor fueling the development of robo-taxi. Change in auto industry trends, such as autonomous driving, vehicle connectivity, powertrain electrification, and shared mobility, is likely to create significant impact on the robo-taxi market during the forecast period. Majority of robo-taxis are equipped with electric powertrains, which offers lower operating cost for fleet operators. Moreover, increasing opportunities in shared mobility for pooling rides is likely boost the robo-taxi market during the forecast period. Increasing adoption of technologies in vehicles, such as connected car features, is likely to boost the robo-taxi market during the forecast period. Furthermore, demand for fuel-efficient vehicles and emission-free vehicles, owing stringent emission norms, are estimated to prompt major fleet operators to adopt robo-taxis. Additionally, the rate of adoption of robo-taxi is likely to increase during the forecast period in order to enhance traffic handling and road safety. Significant investment in robotic process by OEMs, government incentives, rapid urbanization, and significant expansion of the e-commerce industry are anticipated to drive robo-taxi market in the near future. However, job reduction coupled with cyber security threats is likely hamper the robo-taxi market during the forecast period.

The global robo-taxi market can be segmented based on component, application, service type, propulsion, and region. Based on component, the robo-taxi market can be classified into camera and sensors. Robo-taxis are incorporated with latest technology, which requires several sensors such as LiDAR, radar, and ultra-sonic sensors in order provide exact information and ensure safety. Rising adoption of electronics and technology is likely to propel the sensor segment during the forecast period.

Based on application, the robo-taxi market can be divided into goods transportation and passenger transportation. Expansion of the e-commerce industry is anticipated to fuel the demand for robo-taxi for goods transportation. However, the robo-taxi is also likely to offer significant opportunities in the field of share mobility. For commercial use and for passenger transportation vehicle design requirements are different which increase the cost.  Hence passenger transportation sub segment is likely to expand significantly during the forecast period.

In terms of propulsion, the robo-taxi market can be segregated into electric, hybrid, and fuel cell. Robo-taxis are equipped with electric powertrains in order to meet emission norms and to reduce operating cost. Moreover, expansion of vehicle charging station infrastructure is estimated to boost the electric segment during the forecast period.

Based on region, the robo-taxi market can be segmented into North America, Latin America Europe, Asia Pacific, and Middle East & Africa. Developments in technology and availability of infrastructure are likely to boost the robo-taxi market in Europe. Increasing electric vehicle infrastructure, government incentive policies, and strong network of charging stations are estimated to propel the robo-taxi market in Europe during the forecast period.

Key players operating in the global robo-taxi market are Waymo LLC, Aptiv, GM Cruise, Ridecell, Inc, Uber Technologies Inc., NAVYA, and EasyMile.

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.