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The Robo taxi market is projected to grow by USD 568.65 million with a CAGR of 8.21% during the forecast period 2021 to 2026.
This robo taxi market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the robo taxi market segmentation by application (goods transportation and passenger transportation) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The robo taxi market report also offers information on several market vendors, including Aptiv Plc, Argo AI LLC, Aurora Operations Inc., AutoX Inc., Baidu Inc, Beijing Xiaoju Technology Co. Ltd., Cruise LLC, Easymile SAS, LeddarTech Inc., Lyft Inc, May Mobility, Mobileye Technologies Ltd., Navya SA, Nissan Motor Co. Ltd., Nuro Inc., NVIDIA Corp., Tesla Inc., Waymo LLC, WeRide, ZF Friedrichshafen AG, and Zoox among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the robo taxi market. In the COVID-19 pandemic, the demand for the robo taxi market was impacted significantly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Robo Taxi Market Driver
Key Robo Taxi Market Trend
Key Robo Taxi Market Challenge
This robo taxi market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global robo taxi market as a part of the global trucking market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the robo taxi market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the robo taxi market encompasses successful business strategies deployed by the key vendors. The robo taxi market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The robo taxi market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the robo taxi market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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32% of the market’s growth will originate from APAC during the forecast period. China is the key market for the robo taxi market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Another region offering significant growth opportunities to vendors is North America. The presence of well-developed road infrastructure and connectivity solutions will facilitate the robo taxi market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 had a negative impact on the regional market. However, the large-scale vaccination drives conducted in the region led to the lifting of COVID-19-related restrictions in 2021. This, in turn, is expected to drive the growth of the regional market during the forecast period.
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The robo taxi market share growth by the goods transportation segment will be significant during the forecast period. Although there are stringent regulations and policies in terms of the use of robo taxis, growing government initiatives in some countries to promote commercial robo taxis are encouraging the use of robo taxis. Various governments worldwide, such as the US, Dubai, and Canada, are formulating policies and regulations for promoting robo-taxi transportation and logistics. These initiatives are anticipated to strengthen the goods transportation segment of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the robo taxi market size and actionable market insights on the post-COVID-19 impact on each segment.
Robo Taxi Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.21% |
Market growth 2022-2026 |
$568.65 million |
Market structure |
Fragmented |
YoY growth (%) |
8.06 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 32% |
Key consumer countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Aptiv Plc, Argo AI LLC, Aurora Operations Inc., AutoX Inc., Baidu Inc, Beijing Xiaoju Technology Co. Ltd., Cruise LLC, Easymile SAS, LeddarTech Inc., Lyft Inc, May Mobility, Mobileye Technologies Ltd., Navya SA, Nissan Motor Co. Ltd., Nuro Inc., NVIDIA Corp., Tesla Inc., Waymo LLC, WeRide, ZF Friedrichshafen AG, and Zoox |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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