Robotaxi Market Market Incredible Possibilities, Growth Analysis and Forecast To 2028

Robotaxi Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Vehicle Type (Car, Van); Application Type (Goods Transportation, Passenger Transportation); Propulsion Type (Electric, Fuel Cell); Component (Camera, Lidar, Radar, Ultrasonic Sensors) and Geography

Robotaxis are the self-driving taxis that are autonomous vehicles, which are operated by an on-demand mobility service. They are self-driving vehicles any human involvement for the operation of the vehicle. With the introduction of automation in vehicles, the demand for self-driving vehicles has increased, which has supplemented the growth of robotaxi across the globe. Also, autonomous vehicles have gained popularity among customers which has made companies to develop vehicles that do not require a human to drive the vehicle. With the introduction of automation in vehicles, the need for a human driver has been reduced thereby reducing the chances of accidents caused due to human errors.

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Companies Profiled in this report includes: Argo AI, AutoX, Inc., Baidu, Cruise LLC, Didi Chuxing Technology Co., EasyMile, Nissan, Pony.ai, Tesla, Inc., ZF Friedrichshafen AG

MARKET DYNAMICS

Robotaxis to reduce overall operating costs and increase profit margins for ride-sharing companies and need for enhanced road safety and traffic control are driving the growth of the robotaxi market. However, the high R&D expenditure and complexity in the adoption of robotaxis may restrain the growth of the robotaxi market. Furthermore, robotic assistance in the delivery of goods offer new opportunities for market growth is anticipated to create market opportunities for the robotaxi market during the forecast period.

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MARKET SEGMENTATION

The global robotaxi market is segmented on the basis of vehicle type, application type, propulsion type, and component. Based on vehicle type, the robotaxi market is segmented into: car and van. On the basis of application type, the robotaxi market is segmented into: goods transportation and passenger transportation. Similarly, based on propulsion type, the robotaxi market is segmented into: electric and fuel cell. Further, on the basis of component, the robotaxi market is segmented into: camera, lidar, radar, and ultrasonic sensors.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global robotaxi market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The robotaxi market by each region is later sub-segmented by respective countries and segments. The robotaxi market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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