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2023 Robo Taxis Global Market - Recent Developments, Segmented Data And Business Operation Data Analysis By 2032 | Waymo LLC, AutoX, Tesla Inc., Baidu Inc., General Motors, Lyft Inc.
Robo Taxis Market
Robo Taxis Market Size, Growth Rate, And Forecast
The global robo taxis market size grew from $1.73 billion in 2022 to $2.82 billion in 2023 at a compound annual growth rate (CAGR) of 63.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The robo taxis market size is expected to grow to $17.84 billion in 2027 at a CAGR of 58.6%.
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Robo Taxis Market Drivers
Growing concerns about road safety are expected to propel the growth of the robo-taxis market going forward. Self-driving and autonomous vehicles are equipped with various advanced driving technologies such as front crash prevention system and rare crash prevention system, spotting different objects around them for smooth function of driving, which can reduce the significant number of road accidents due to driver behavior or driver errors and can provide the safe and economical solution for transportation.
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Robo Taxis Market Segments
• By Component Type: Camera, Radar, LiDAR, Ultrasonic Sensors, Other Component Types
• By Service Type: Car Rental, Station Based
• By Propulsion: Electric, Battery, Hybrid
• By Application: Goods Transportation, Passenger Transportation
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Robo Taxis market.
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Robo Taxis Market Key Players
Major competitors in the Robo Taxis market include Waymo LLC, AutoX, Tesla Inc., Baidu Inc., General Motors, Lyft Inc., Nissan Motor Corporation, NAVYA, Ford Motor Company, Mercedes-Benz Group AG, BMW AG, Volkswagen AG, EasyMile SAS, Ridecell Inc., NVIDIA Corporation
The Business Research Company's "Global Robo Taxis Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Robo Taxis Market Include:
1. Executive Summary
2. Robo Taxis Market Characteristics
3. Robo Taxis Market Trends And Strategies
4. Robo Taxis Market - Macro Economic Scenario
5. Robo Taxis Market Size And Growth
……….
27. Robo Taxis Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Robo Taxis Market
29. Robo Taxis Market Future Outlook and Potential Analysis
30. Appendix
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