The global robo-taxi market is anticipated to grow at a CAGR of around 60.2% during the forecast period 2021 to 2028 and to reach around US$ 35.6 Bn by 2028.
Market Dynamics
Robo-taxis are self-driving taxis operated by on-demand mobility services that are autonomous vehicles. They are autonomous vehicles for any human presence in the service of the vehicle. With smart vehicles the market has increased, complementing the rise of robo-taxis around the world for self-driving cars. Autonomous vehicles are also becoming more popular among customers who have produced cars for companies that do not require a person to drive the vehicle. The need for a personalized driver has been reduced with the introduction of automations in vehicles, reducing the chance that human faults will cause accidents. A robot taxi is also fitted with different sensors such as RADAR, LiDAR and others that allow the vehicle to function efficiently and eventually contribute to the growth of the robo-taxi market globally.
In the forecasted period there will be an increased concern about fuel, road safety issues and increased popularity for motorcycles. In addition, the cost of fleet operators for self-driven cars is projected to increase. This helps to boost the market momentum in the coming years. In addition, the proven profitability and sustainable revenue sources of the market will be new business models like "mobility as a service." In addition, it is anticipated that in future years the disturbing power of these autonomous taxis will bring a paradigm shift to the automotive sector. These modern self-driven vehicles would also improve mutual autonomy and access to the ride. Furthermore, these robotic taxis will include electric powertrains to reduce fleet authorities' operating costs.
Robo-taxis consist of over 50 sensors including LiDAR, RADAR, and camera installations that support a safety circumference throughout the vehicle. The sensors will automatically identify any obstruction to the car. These sensors, however, are not cost-effective. LiDAR can cost up to $75,000 for a quality long range. And the vehicle also requires software, besides hardware costs, to collect information from the sensors and to drive the engine. This will hamper the mass manufacturing of robo-taxi due to high production cost involved
Segment Analysis by Region
Europe, followed respectively by China and the US is predicted to lead the Robo-Taxi market. Europe is the leading region in providing the Robo-taxi industry with new transportation solutions and reliable infrastructure. Most of the fleet operators working on Robo-Taxi have found a positive business environment from all angles such as the regulatory structure that provides environmentally friendly vehicle technology in the area. China's Robo-Taxi concept is also fast in operation. For instance, Didi Chuxing, the leading Chinese taxi service provider, develops autonomous motor cars without driver. The technology partner of CHJ Auto is an electric car startup. Together, they are work to build an all-electric robo-taxi which can carry passengers without drivers through China's crowded megacities.
COVID-19 Impact
Pandemic situation across the globe has disrupted the business flow worldwide. In 2021 every industry vertical in its 2nd, 3rd, 4th quarter has witnessed substantial drop on production and revenue, this was majorly due to lockdown. The restriction on the operations is impacting the production side and also impacting the supply chain of products. The disrupted supply of raw materials and low operational factories efficiency has contributed in the slower growth of the global market. Moreover, there is an urgent need for a rapid acceleration in the manufacturing process at high operational efficiency, better supply chain models, and effective distribution network. These factors to some extent will help the industry vertical to flourish and aid market growth.
Competitive Landscape
The global market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
The global robo-taxi market is segmented into level of autonomy, vehicle, service, propulsion, and application. The application segment is bifurcated into goods and passenger. Among application the passenger segment is expected to account for significant revenue share in the global market. The players profiled in the report Cruise LLC, Waymo LLC, Tesla, Nissan Motor Corporation, Lyft, Inc., Daimler AG, Volvo Group, Ford Motor Company, Uber Technologies, Volkswagen AG, and others.
Market Segmentation
Robo-Taxi Market By Level of Autonomy
L4
L5
Robo-Taxi Market By Vehicle
Car
Shuttle/Van
Robo-Taxi Market By Service
Rental
Station Based
Robo-Taxi Market By Propulsion
Electric
Hybrid
Fuel Cell
Bus Robo-Taxi Market By Application
Goods
Passenger
Robo-Taxi Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1.Industry Overview of Robo-Taxi
1.1.Definition and Scope
1.1.1.Definition of Robo-Taxi
1.1.2.Market Segmentation
1.1.3.Years Considered for the Study
1.1.4.Assumptions and Acronyms Used
1.1.4.1.Market Assumptions and Market Forecast
1.1.4.2.Acronyms Used in Global Robo-Taxi Market
1.2.Summary
1.2.1.Executive Summary
1.2.2.Robo-Taxi Market By Autonomy
1.2.3.Robo-Taxi Market By Vehicle
1.2.4.Robo-Taxi Market By Service
1.2.5.Robo-Taxi Market By Application
1.2.6.Robo-Taxi Market By Propulsion
1.2.7.Robo-Taxi Market by Regions
CHAPTER 2.Research Approach
2.1.Methodology
2.1.1.Research Programs
2.1.2.Market Size Estimation
2.1.3.Market Breakdown and Data Triangulation
2.2.Data Source
2.2.1.Secondary Sources
2.2.2.Primary Sources
CHAPTER 3.Market Dynamics And Competition Analysis
3.1.Market Drivers
3.1.1.Driver 1
3.1.2.Driver 2
3.2.Restraints and Challenges
3.2.1.Restrain 1
3.2.2.Restrain 2
3.3.Growth Opportunities
3.3.1.Opportunity 1
3.3.2.Opportunity 2
3.4.Porter’s Five Forces Analysis
3.4.1.Bargaining Power of Suppliers
3.4.2.Bargaining Power of Buyers
3.4.3.Threat of Substitute
3.4.4.Threat of New Entrants
3.4.5.Degree of Competition
3.5.Regulatory Compliance
3.6.Competitive Landscape, 2020
3.6.1.Player Positioning Analysis
3.6.2.Key Strategies Adopted By Leading Players
CHAPTER 4.Robo-Taxi Market By Autonomy
4.1.Introduction
4.2.Robo-Taxi Revenue By Autonomy
4.2.1.Robo-Taxi Revenue (US$ Mn) and Forecast, By Autonomy, 2017-2028
4.2.2.L4
4.2.2.1.L4 Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
4.2.3.L5
4.2.3.1.L5 Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 5.Robo-Taxi Market Revenue By Vehicle
5.1.Introduction
5.2.Robo-Taxi Revenue (US$ Mn) By Vehicle
5.2.1.Robo-Taxi Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
5.2.2.Car
5.2.2.1.Car Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
5.2.3.Shuttle/Van
5.2.3.1.Shuttle/Van Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 6.Robo-Taxi Market By Service
6.1.Introduction
6.2.Robo-Taxi Revenue (US$ Mn) By Service
6.2.1.Robo-Taxi Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
6.2.2.Rental
6.2.2.1.Rental Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
6.2.3.Station Based
6.2.3.1.Station Based Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 7.Robo-Taxi Market By Application
7.1.Introduction
7.2.Robo-Taxi Revenue (US$) By Application
7.2.1.Robo-Taxi Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
7.3.Goods
7.3.1.Goods Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
7.4.Passenger
7.4.1.Passenger Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 8.Robo-Taxi Market By Propulsion
8.1.Introduction
8.2.Robo-Taxi Revenue (US$) By Propulsion
8.2.1.Robo-Taxi Revenue (US$ Mn) and Forecast By Propulsion, 2017 - 2028
8.3.Electric
8.3.1.Electric Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
8.4.Hybrid
8.4.1.Hybrid Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
8.5.Fuel Cell
8.5.1.Fuel Cell Market Revenue (US$ Mn) and Growth Rate (%), 2017-2028
CHAPTER 9.North America Robo-Taxi Market By Country
9.1.North America Robo-Taxi Overview
9.2.U.S.
9.2.1.U.S. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017-2028
9.2.2.U.S. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017-2028
9.2.3.U.S. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017-2028
9.2.4.U.S. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.2.5.U.S. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017-2028
9.3.Canada
9.3.1.Canada Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017-2028
9.3.2.Canada Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017-2028
9.3.3.Canada Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017-2028
9.3.4.Canada Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
9.3.5.Canada Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017-2028
9.4.North America PEST Analysis
CHAPTER 10.Europe Robo-Taxi Market By Country
10.1.Europe Robo-Taxi Market Overview
10.2.U.K.
10.2.1.U.K. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017-2028
10.2.2.U.K. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017-2028
10.2.3.U.K. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017-2028
10.2.4.U.K. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
10.2.5.U.K. Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017-2028
10.3.Germany
10.3.1.Germany Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017-2028
10.3.2.Germany Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017-2028
10.3.3.Germany Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017-2028
10.3.4.Germany Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
10.3.5.Germany Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017-2028
10.4.France
10.4.1.France Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017-2028
10.4.2.France Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017-2028
10.4.3.France Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017-2028
10.4.4.France Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
10.4.5.France Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017-2028
10.5.Spain
10.5.1.Spain Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017-2028
10.5.2.Spain Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017-2028
10.5.3.Spain Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017-2028
10.5.4.Spain Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
10.5.5.Spain Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017-2028
10.6.Rest of Europe
10.6.1.Rest of Europe Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017-2028
10.6.2.Rest of Europe Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017-2028
10.6.3.Rest of Europe Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017-2028
10.6.4.Rest of Europe Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017-2028
10.6.5.Rest of Europe Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017-2028
10.7.Europe PEST Analysis
CHAPTER 11.Asia Pacific Robo-Taxi Market By Country
11.1.Asia Pacific Robo-Taxi Market Overview
11.2.China
11.2.1.China Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
11.2.2.China Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
11.2.3.China Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
11.2.4.China Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
11.2.5.China Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
11.3.Japan
11.3.1.Japan Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
11.3.2.Japan Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
11.3.3.Japan Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
11.3.4.Japan Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
11.3.5.Japan Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
11.4.India
11.4.1.India Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
11.4.2.India Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
11.4.3.India Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
11.4.4.India Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
11.4.5.India Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
11.5.Australia
11.5.1.Australia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
11.5.2.Australia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
11.5.3.Australia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
11.5.4.Australia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
11.5.5.Australia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
11.6.South Korea
11.6.1.South Korea Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
11.6.2.South Korea Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
11.6.3.South Korea Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
11.6.4.South Korea Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
11.6.5.South Korea Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
11.7.Rest of Asia-Pacific
11.7.1.Rest of Asia-Pacific Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
11.7.2.Rest of Asia-Pacific Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
11.7.3.Rest of Asia-Pacific Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
11.7.4.Rest of Asia-Pacific Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
11.7.5.Rest of Asia-Pacific Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
11.8.Asia Pacific PEST Analysis
CHAPTER 12.Latin America Robo-Taxi Market By Country
12.1.Latin America Robo-Taxi Market Overview
12.2.Brazil
12.2.1.Brazil Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
12.2.2.Brazil Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
12.2.3.Brazil Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
12.2.4.Brazil Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
12.2.5.Brazil Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
12.3.Mexico
12.3.1.Mexico Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
12.3.2.Mexico Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
12.3.3.Mexico Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
12.3.4.Mexico Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
12.3.5.Mexico Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
12.4.Rest of Latin America
12.4.1.Rest of Latin America Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
12.4.2.Rest of Latin America Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
12.4.3.Rest of Latin America Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
12.4.4.Rest of Latin America Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
12.4.5.Rest of Latin America Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
CHAPTER 13.Middle East & Africa Robo-Taxi Market By Country
13.1.Middle East & Africa Robo-Taxi Market Overview
13.2.Saudi Arabia
13.2.1.Saudi Arabia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
13.2.2.Saudi Arabia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
13.2.3.Saudi Arabia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
13.2.4.Saudi Arabia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
13.2.5.Saudi Arabia Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
13.3.UAE
13.3.1.UAE Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
13.3.2.UAE Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
13.3.3.UAE Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
13.3.4.UAE Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
13.3.5.UAE Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
13.4.Rest of Middle East & Africa
13.4.1.Rest of Middle East & Africa Robo-Taxi Market Revenue (US$ Mn) and Forecast By Autonomy, 2017 - 2028
13.4.2.Rest of Middle East & Africa Robo-Taxi Market Revenue (US$ Mn) and Forecast By Vehicle, 2017 - 2028
13.4.3.Rest of Middle East & Africa Robo-Taxi Market Revenue (US$ Mn) and Forecast By Service, 2017 - 2028
13.4.4.Rest of Middle East & Africa Robo-Taxi Market Revenue (US$ Mn) and Forecast By Application, 2017 - 2028
13.4.5.Rest of Middle East & Africa Robo-Taxi Market Revenue (US$ Mn) and Forecast By Propulsion, 2017 – 2028
CHAPTER 14.Player Analysis Of Robo-Taxi
14.1.Robo-Taxi Market Company Share Analysis
14.2.Competition Matrix
14.2.1.Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2.New Product Launches and Product Enhancements
14.2.3.Mergers And Acquisition In Global Robo-Taxi Market
14.2.4.Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 15.Company Profile
15.1.Cruise LLC (subsidiary of General Motor Company)
15.1.1.Company Snapshot
15.1.2.Business Overview
15.1.3.Financial Overview
15.1.3.1.Revenue (US$ Mn), 2020
15.1.3.2.Cruise LLC (subsidiary of General Motor Company) 2020 Robo-Taxi Business Regional Distribution
15.1.4.Product/ Service and Specification
15.1.5.Recent Developments & Business Strategy
15.1.6.Manufacturing Plant Footprint Analysis
15.2.Waymo LLC (subsidiary of Alphabet Inc.)
15.3.Tesla
15.4.Nissan Motor Corporation
15.5.Lyft, Inc.
15.6.Daimler AG
15.7.Volvo Group
15.8.Ford Motor Company
15.9.Uber Technologies
15.10.Volkswagen AG
15.11.Others
