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Press Release:

Global Robo Taxi Market to Witness Moderate Growth During 2021-2026, Impelled by Significant Growth in Automobile Sector

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Robo Taxi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Outlook 2021-2026:

The global robo taxi market reached a value of US$ 418.6 Million in 2020. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

Robo taxi, or robo cab, refers to a self-driving autonomous vehicle, which is operated by on-demand mobility or e-taxi service providers. It requires minimal or no human intervention for driving and the passengers can request for the taxi through a smartphone application. It operates through Mobility-as-a-Service (MaaS) platforms and offers a safe, convenient and cost-effective mode of transportation. Robo taxis are equipped with cameras, radio detection and ranging (RADAR) and light detection and ranging (LiDAR) systems and smart ultrasonic sensors to operate smoothly, prevent collisions, reduce fatalities and facilitate vehicle management. They usually have electric, hybrid and fuel cell propulsion systems and can be used for the transportation of both passengers and material goods.

 

 
 

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Robo Taxi Market Trends:

Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing demand for self-driving and autonomous vehicles is providing a thrust to the market growth. The rising levels of traffic and greenhouse gas emissions are also impacting the demand for robo taxis. Robo taxis operate through electric and fuel cell-based technologies, which are highly fuel-efficient and emission-free. They are also equipped with advanced technologies to detect objects or obstacles in the way and sense the speed of nearby vehicles to ensure road safety and prevent accidents. Additionally, the implementation of favorable government policies promoting the development of smart cities and sustainable infrastructural expansion, especially in the developing economies, is contributing to the market growth. Other factors, including shifting consumer preference from vehicle ownership to shared mobility solutions, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global robo taxi market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on application, level of autonomy, vehicle, service and propulsion.

Breakup by Application:

 

 
 

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  • Goods
  • Passenger
     

Breakup by Level of Autonomy:

  • Level 4
  • Level 5
     

Breakup by Vehicle:

  • Car
  • Shuttle/Van
     

Breakup by Service:

  • Rental
  • Station-based
     

Breakup by Propulsion:

  • Electric
  • Hybrid
  • Fuel Cell
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aptiv plc, Continental AG, Daimler AG, Ford Motor Company, NAVYA, NVIDIA Corporation, Ridecell Inc and Waymo LLC (Alphabet Inc.).

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Application, Level of Autonomy, Vehicle, Service, Propulsion, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aptiv plc, Continental AG, Daimler AG, Ford Motor Company, NAVYA, NVIDIA Corporation, Ridecell Inc and Waymo LLC (Alphabet Inc.)
Customization Scope 10% Free Customization
Report Price and Purchase Option                                     Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Robo Taxi Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Application
    6.1    Goods 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Passenger 
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Level of Autonomy
    7.1    Level 4
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Level 5
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Vehicle
    8.1    Car
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Shuttle/Van 
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Service
    9.1    Rental
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Station-based
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Propulsion
    10.1    Electric
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Hybrid
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Fuel Cell
        10.3.1 Market Trends
        10.3.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Aptiv plc
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
           16.3.1.4 SWOT Analysis
        16.3.2    Continental AG
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
           16.3.2.3 Financials
           16.3.2.4 SWOT Analysis
        16.3.3    Daimler AG
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    Ford Motor Company
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
           16.3.4.3 Financials
           16.3.4.4 SWOT Analysis
        16.3.5    NAVYA
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
           16.3.5.3 Financials
        16.3.6    NVIDIA Corporation
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    Ridecell Inc
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Waymo LLC (Alphabet Inc.)
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio

List of Figures

Figure 1: Global: Robo Taxi Market: Major Drivers and Challenges
Figure 2: Global: Robo Taxi Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: Global: Robo Taxi Market: Breakup by Application (in %), 2020
Figure 5: Global: Robo Taxi Market: Breakup by Level of Autonomy (in %), 2020
Figure 6: Global: Robo Taxi Market: Breakup by Vehicle (in %), 2020
Figure 7: Global: Robo Taxi Market: Breakup by Service (in %), 2020
Figure 8: Global: Robo Taxi Market: Breakup by Propulsion (in %), 2020
Figure 9: Global: Robo Taxi Market: Breakup by Region (in %), 2020
Figure 10: Global: Robo Taxi (Goods) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Robo Taxi (Goods) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Robo Taxi (Passenger) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Robo Taxi (Passenger) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Robo Taxi (Level 4) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Robo Taxi (Level 4) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Robo Taxi (Level 5) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Robo Taxi (Level 5) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Robo Taxi (Car) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Robo Taxi (Car) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Robo Taxi (Shuttle/Van) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Robo Taxi (Shuttle/Van) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Robo Taxi (Rental) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Robo Taxi (Rental) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Robo Taxi (Station-based) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Robo Taxi (Station-based) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Robo Taxi (Electric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Robo Taxi (Electric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Robo Taxi (Hybrid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Robo Taxi (Hybrid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Robo Taxi (Fuel Cell) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Robo Taxi (Fuel Cell) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: North America: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: North America: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: United States: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: United States: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Canada: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Canada: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Asia-Pacific: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Asia-Pacific: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: China: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: China: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Japan: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Japan: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: India: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: India: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: South Korea: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: South Korea: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Australia: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Australia: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Indonesia: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Indonesia: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Others: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Others: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Europe: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Europe: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Germany: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Germany: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: France: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: France: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: United Kingdom: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: United Kingdom: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Italy: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Italy: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Spain: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Spain: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Russia: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Russia: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Latin America: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Latin America: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Brazil: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Brazil: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Mexico: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Mexico: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Others: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Others: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Middle East and Africa: Robo Taxi Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Middle East and Africa: Robo Taxi Market: Breakup by Country (in %), 2020
Figure 80: Middle East and Africa: Robo Taxi Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Global: Robo Taxi Industry: SWOT Analysis
Figure 82: Global: Robo Taxi Industry: Value Chain Analysis
Figure 83: Global: Robo Taxi Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Robo Taxi Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Robo Taxi Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 3: Global: Robo Taxi Market Forecast: Breakup by Level of Autonomy (in Million US$), 2021-2026
Table 4: Global: Robo Taxi Market Forecast: Breakup by Vehicle (in Million US$), 2021-2026
Table 5: Global: Robo Taxi Market Forecast: Breakup by Service (in Million US$), 2021-2026
Table 6: Global: Robo Taxi Market Forecast: Breakup by Propulsion (in Million US$), 2021-2026
Table 7: Global: Robo Taxi Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Robo Taxi Market: Competitive Structure
Table 9: Global: Robo Taxi Market: Key Players

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Key Questions Answered in This Report

The global robo taxi market was valued at US$ 418.6 Million in 2020.

The rising concerns towards high greenhouse gas emissions, coupled with the introduction of electric and fuel cell-based technologies, are currently driving the global robo taxi market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units of robo taxis.

Based on the application, the global robo taxi market can be segmented into goods and passenger. Currently, passenger holds the majority of the total market share.

Based on the level of autonomy, the global robo taxi market has been divided into level 4 and level 5, where level 4 currently exhibits a clear dominance in the market.

Based on the vehicle, the global robo taxi market can be categorized into car and shuttle/van. Currently, car accounts for the majority of the global market share.

Based on the service, the global robo taxi market has been segregated into rental and station-based, where rental service currently exhibits a clear dominance in the market.

Based on the propulsion, the global robo taxi market can be bifurcated into electric, hybrid, and fuel cell. Among these, electric propulsion currently accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global robo taxi market include Aptiv plc, Continental AG, Daimler AG, Ford Motor Company, NAVYA, NVIDIA Corporation, Ridecell Inc, and Waymo LLC (Alphabet Inc.).

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