Robo-Taxi Market 2021 Global Insights and Business Scenario – NAVYA, Waymo LLC, Uber Technologies Inc., EasyMile

The “Robo-Taxi Market” report is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The Robo-taxi market (henceforth referred to as the market studied) is anticipated to register a CAGR of about 120.52% during the forecast period (2020 - 2025).

The report is updated with the impact of the currently ongoing COVID-19 pandemic. The pandemic has dynamically affected key market segments and changed the growth pattern and demands in the Robo-Taxi market. The report covers an in-depth analysis of these changes and provides an accurate estimate of the market growth forecast after the impact of the pandemic.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Robo-Taxi Market: - NAVYA, - Waymo LLC, - Uber Technologies Inc., - EasyMile, - Didi Chuxing Technology Co, - AB Volvo, - Baidu Inc, - GM Cruise, - MOIA, - APTIV, - ZF Friedrichshafen AG, and Other.

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Key Market Trends:

Robo-Taxis Are Attracting People Around the World

Almost all the vehicle manufacturers are testing and launching electric and autonomous vehicles around the world. Majority of the manufacturers are testing autonomous taxis for seeing the results and response of people. Globally, people are welcoming the robo-taxi concept based on which the technology and vehicle manufacturing companies have started working on it.

In 2018, a survey conducted globally around automotive megatrends. According to the survey;

- Consumers without cars would be likely to use autonomous vehicle-based mobility services to replace journeys by both conventional car and public transport. Approximately 45% of people without regular access to car are ready to use Robo-taxis instead of conventional public transport. Nearly 25% of people would use Robo-taxis instead of conventional taxis.
- However, for car owners to switch to Robo-taxis, they would need to be convinced that Robo-taxis would at least match the experience in the key areas of independence, comfort and convenience.

As soon as Robo-taxis are perceived as being more convenient than cars which they certainly have the potential to be then the demand for car-based mobility will increase.

Regional Analysis:

Europe is Likely to Dominate the Robo-Taxi Market

The Robo-Taxi market is anticipated to be lead by Europe followed by China and United states respectively. European is the leading region which is providing advanced mobility technology and supportive infrastructure for the Robo-taxi market. Majority of the fleet- operators who are working on Robo-taxi have found favorable business environment from all the perspective such as regulatory framework that support environment-driven vehicle technologies in the region.

China is also rapidly working on the Robo-taxi concept. For Instance, Didi Chuxing, China’s leading taxi service providing company is developing autonomous driverless cars. Its technology partner is an electric car startup called CHJ Auto. Together they are working to create an all-electric robotaxi that can shuttle passengers around China's crowded megacities with no drivers at all.

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Influence of the Robo-Taxi market report:

-Comprehensive assessment of all opportunities and risks in the Robo-Taxi market.

–Robo-Taxi market recent innovations and major events.

-Detailed study of business strategies for growth of the Robo-Taxi market-leading players.

-Conclusive study about the growth plot of Robo-Taxi market for forthcoming years.

-In-depth understanding of Robo-Taxi market-particular drivers, constraints, and major micro markets.

What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Robo-Taxi Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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