Press release
Robo Taxis Market Analysis, Size, Share, Growth, Industry Trends And Forecast 2023-2032
Robo Taxis Market Report
The Business Research Company's Robo Taxis Global Market Report 2023 identifies the growing concerns about road safety as the major driver for the robo taxis market's growth in the forecast period. 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.
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%.
Download Free Sample Of Robo Taxis Market Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=7095&type=smp
Major competitors in the robo taxis market are Waymo LLC, AutoX, Tesla Inc., Baidu Inc., General Motors.
A key trend in the robo taxis market includes technological advancement. Major companies operating in the robo taxies sector are focused on developing technologically advanced products to strengthen their market position. For instance, in May 2021, Argo AI LLC, a US-based company operating in autonomous driving technology launched its new technologically advanced LiDAR sensor for autonomous vehicles working on Geiger-mode technology. Geiger-mode technology works on single photodetection, which is highly sensitive to detect light as less as one photon and enhances the detection capability of the self-driving systems to detect darker objects which illuminated very less light where the detection of objects is not easy. Argo AI LiDAR sensor claims that it is capable of detecting objects distant at 400 meters with high-resolution photorealistic quality in low reflectivity.
Read More On The Global Robo Taxis Market Report Here:
https://www.thebusinessresearchcompany.com/report/robo-taxis-global-market-report
The robo taxis market is segmented -
•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.
The Business Research Company's "Global Robo Taxis Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
Explore Buying Options For The Robo Taxis Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7095
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
……
26. Africa Robo Taxis Market
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
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Robo Taxis Market Analysis, Size, Share, Growth, Industry Trends And Forecast 2023-2032 here
News-ID: 3193605 • Views: …
More Releases from The Business Research Company
Surge In Commercial Infrastructure Demand Fueling The Growth Of The Market Due T …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Glass Panel Frameless Railing Market Size Growth Forecast: What to Expect by 2025?
The market size for frameless glass panel railings has experienced a robust expansion in the past few years. The market, which was valued at $2.32 billion in 2024, is projected to increase to $2.54 billion in…
Formwork Plywood: A Leading Driver Behind Increasing Construction Activities Fue …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Formwork Plywood Industry Market Size Be by 2025?
There has been a consistent growth in the formwork plywood market size in the past few years. The market is projected to escalate from $7.56 billion in 2024 to $7.85 billion in 2025, recording a compound annual growth…
Comprehensive Floor Underlayment And Padding Market Forecast 2025-2034: Growth T …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Floor Underlayment And Padding Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for floor underlayment and padding has seen substantial growth in recent times. The market value is projected to increase from $16.63 billion in 2024 to $17.94 billion in 2025, with…
Increasing Cybersecurity Threats In Financial Services Driving Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Fintech Crisis Management Market Size By 2025?
The dimension of the fintech crisis management market has seen swift expansion in the last few years. The market is estimated to scale from $9.38 billion in 2024 to $10.83 billion in 2025, yielding a compound annual growth…
More Releases for Robo
Prominent Robo Taxis Market Trend for 2025: Technological Advancements Drive Gro …
What industry-specific factors are fueling the growth of the robo taxis market?
The rise of concerns surrounding road safety is projected to fuel the expansion of the robo taxis market. Autonomous vehicles, including self-driving cars, come equipped with a plethora of advanced driving technologies like front and rear crash prevention systems. They are capable of identifying various objects in their vicinity to ensure the seamless operation of driving. This can significantly…
Robo Advisory Market is Rising
According to the latest research report published by Market Data Forecast, the global robo advisory market is expected to grow at a CAGR of 54.2% from 2024 to 2029, and the global market size is anticipated to be worth USD 154.6 billion by 2029 from USD 17.73 billion in 2024.
The robo advising market is expanding rapidly, fueled by technical developments and rising demand for automated financial solutions. These platforms use…
Global Robo-Advisory Market, Global Robo-Advisory Industry, Covid-19 Impact Glob …
The Robo-advisory market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Robo-Advisory Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Robo-advisory market. The report focuses on well-known providers in the global Robo-advisory industry, market…
Global Robo-Advisory Market (2015-2023)
Global robo-advisory market
Robo-advisors are independent financial planning services driven by algorithms and supported by a digital platform with no human intervention. They collect information from their customers at first through an online survey to understand their financial situations and ultimate goals. With this information they make portfolios of investments by calculating their risk and returns along with profits for long-term. The global robo-advisory market is expected to grow at an…
Global Robo-advisory Market (2015-2023)
Market Research Report Store offers a latest published report on Robo-advisory Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Robo-advisory players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Robo-advisory with respect to individual growth trends, future…
Robo-Advisors: Mapping The Competitive Landscape
The wealth management industry has long been resilient to the digitization process observed in the wider financial services space. This has started to change, however, with interest in robo-advice platforms increasing in 2015. The automated investment management space is hence becoming ever-more competitive as new entrants launch propositions. Supported by software developers, traditional wealth managers have also started exploring the digital advice market. Competition will thus increase further, although robo-advisors…
