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The global robo taxi market was valued at US$ 390 Million in 2021.
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 Asia Pacific 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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