Global Robo-Taxi Market Growing at a CAGR of 113.10% By Key Company Profiles, Production Revenue, Product Picture with Top Leading Players: Volkswagen AG, Lyft, Inc., Ford Motor Company, General Motors., BMW AG

Global Robo-Taxi Market is expected to register a healthy CAGR of 113.10% in the forecast period of 2019-2026. The rise in the market can be attributed to the growing demand for autonomic, fuel efficient & emission free vehicles, and the need to eliminate road accidents improving the level of road safety.

Market Definition:

Robo-Taxi or Robo-Cab, are taxis that are self-driven, without a chauffeur. They are autonomous cars of autonomic level 4 or level 5 operated for a virtual hailing service. They are fuel efficient vehicles, which do not emit any harmful carbon gases, thereby protecting the environment. These eco-friendly automated vehicles, consume less battery, less cost, and thereby reduce the cost of operating cars.

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Major Key players profiled in this report are:
Waymo LLC, Daimler AG., GM Cruise LLC., Aptiv., AB Volvo, Google, Ridecell, Inc, Tesla, Uber Technologies Inc., Volkswagen AG, Lyft, Inc., Ford Motor Company, General Motors., BMW AG, TOYOTA MOTOR CORPORATION, Robert Bosch GmbH, Continental AG, DENSO CORPORATION., NVIDIA Corporation and Mobileye among others.

Major Market Drivers:

• Eliminating drivers from taxis would reduce the overall operational cost, thereby making it cost-effective
• The need to reduce the level of accidents that arise due to manual errors to ensure safer roads a better traffic control would drive the growth of this market
• The need to reduce the level of carbon emissions from diesel operated cars and to move towards a more sustainable and eco-friendly environment stimulates the growth of this market
• The rising demand for autonomous vehicles, which consume less battery and less gass boosts the growth of robo-taxis

Market Restraints:

• The threat and tension that automation would replace the need for human chauffeurs. Thus, the resistance from chauffeurs would restrain the growth of this market
• High research and development cost would be required for the development of robo-taxis
• The rising threat from hackers restrains the growth of this market

Table of Contents:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports

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Market Overview:

Global Robo-Taxi Market report can be relied upon for sure when taking key business decisions. In addition, this market report consists of vital aspects of the market that contain but are not limited to historic data, present market trends, environment, future trends, technological innovation, upcoming technologies and the technical progress in the Automotive industry. The market report covers professional in-depth study on the current state of the industry. It helps to find out general market conditions and tendencies.

Market Segmentation: Global Robo-Taxi Market

By Component

• Camera
• LiDAR
• Radar
• Ultrasonic Sensors

By Application
• Goods Transportation
• Passenger Transportation

By Service Type
• Car Rental
• Station-Based

By Level of Autonomy (LOA)
• Level 4
• Level 5

By Propulsion
• Electric
• Fuel Cell
• Hybrid

By Vehicle
• Car
• Van/Shuttle

By Geography

• North America
o U.S.
o Canada
o Mexico

• South America
o Brazil
o Argentina
o Rest of South America

• Europe
o Germany
o United Kingdom
o Italy
o France
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland

• Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Thailand
o Malaysia
o Indonesia

• Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab Emirates
o Israel

Competitive Analysis:
Global robo-taxi market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of robo-taxi market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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