An Incisive, In-depth Analysis on the Global Robo-Taxi Market amid COVID 19
Market Insight
The global Robo-taxi market 2020 is slowly starting to rebalance its position, as thanks to some of the prompting factors that are occurring amid coronavirus disease outbreak at the world level. Market Research Future has dug some of the essential information, which comes to be that the continuously variable transmission market will be witnessing growth graph at a higher percentage during the years 2014-2022 (forecasted period) at 53.8% CAGR.
Notable Developments
While the personal landscape mobility is
undergoing reflective changes, amongst which is Robo-taxis. Such types of taxis
are emerging as a new trend that is changing consumer perception towards
mobility as a service. Autonomous vehicles are gaining enormous recognition in
the ever-evolving public transport landscape, which is now being included with
a broader mix of mobility services.
The Robo-taxi
market, despite being at a burgeoning stage, is snowballing at a towering valuation.
With an increasing number of countries in the world these are focusing on
integrating public transport with urban mobility solutions, the espousal of Robo-taxis
has been expected to reach new heights in the coming years. Back in 2018, the
sales of Robo-taxis in the public transport industry grabbed for 65% of the
global sales, and the whole revenue share of the public transport landscape might
be expected to reach nearly 90% by the year 2030.
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The report by MRFR further entails that the massive
sales potential of Robo-taxis in the public transport sector, global auto
giants are foraying into the Robo-taxis market to influence lucrative
opportunities. With well-known dynamics of the Robo-taxi market is commonly
viewed through the lens of technology, the competitive landscape of the market
is possible to be characterized by a rising number of collaborations between
automakers and technology companies in the foreseeing years.
In case of point, in June 2019, Uber unveiled a
third-generation of autonomous Robo-taxis in partnership with Volvo in the
United States. The company further announced that it would begin with the
testing of these cars by 2020.
The Robo-taxi market is profoundly inclined by motivating
factors such as the race to deploy autonomous vehicles, need for better road
safety and traffic control and demand for fuel-efficient and emission-free cars
boost the market growth. However, machines jeopardizing human jobs possible to
reduce full acceptance, high R & D cost for implementation and
cybersecurity threats are impacting unconstructively on the growth of this
market in the current market scenario.
Segment View
The global Robo-taxi market is further studied
among the segments such as component, service type, vehicle type, propulsion, and
application.
Depending on the component segment, the global
market has included radar, lidar, sensors, and others. Among these, the sensors
segment might witness remarkable growth during the forecast period.
Depending on the service type segment, the
global market has included station-based car sharing and car rental. Among these, the car rental segment might
hold larger sharer during the assessment period.
Depending on the vehicle type segment, the
global market has included passenger car and commercial vehicle. Among these, the
passenger car segment might lead the market throughout the study period owing
to the increasing demand for ride-sharing services, globally.
Depending on the propulsion segment, the global
market has included battery, electric, and hybrid.
Depending on the application segment, the
global market has included residential and non-residential. The non-residential
segment is also ready to inflate with a higher CAGR during the assessment
period.
Regional Front
Geographically, the global Robo-taxi market has
been studied for significant regions such as Europe, North America, Asia-Pacific,
and the rest of the world.
Asia-Pacific is approximate to hold the highest
market share throughout the assessment period, owing to intensifying automotive
infrastructure and rising population in Japan, China, and India. In fact,
Asia-Pacific is also likely to witness the highest growth during the forecast
period owing to the occurrence of developing countries with increasing
economies, growing Robo-taxi industry, rapid urbanization, and growing focus on
environment and vehicle safety.
However, Europe also might ready to witness remarkable
growth during the forecast period owing to the incidence of developed and
supportive infrastructure for electric vehicles and automobile facilities
across the EU. Besides, the incidence of Robo-taxi component manufacturers such
as Continental AG, ZF Friedrichshafen AG, Robert Bosch, and Aptiv has also
contributed to the growth of this region.
Prominent Vendors
The global market for Robo-taxis is reasonably
fragmented with the presence of a large number of leading players in the market
such as Tesla Inc. (US), Waymo LLC (US), Continental AG (Germany), Robert Bosch
Gmbh (Germany), General Motors (US), ZF Friedrichshafen AG (Germany), GM Cruise
LLC (US), Aptiv (Ireland), and EasyMile (France).
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Key Questions
Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/
Capacity) is driving market?
- What will be the growth rate?
- How are the key players in this market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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