Luton, Bedfordshire, United Kingdom, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Robo Taxi market.The global Robo Taxi Market Size is expected to grow at 62.8% CAGR from 2020 to 2029. It is expected to reach above USD 24.3 billion by 2029 from USD 12.4 Billion in 2020.
Robo-taxis are autonomous self-driving vehicles used as taxis and are run by on-demand mobility services. They are autonomous vehicles that do not require any human interaction to operate. The development of auto automation has increased demand for self-driving cars, which has aided the expansion of robo-taxi services around the world. Additionally, the popularity of autonomous vehicles among consumers has prompted businesses to create automobiles that do not need a human driver.
The robo-taxi market is catching vast momentum due to the rising preference for novel mobility services such as ride-hailing in urban areas. Additionally, one of the main factors driving the market's growth is the development of autonomous driving technologies that enable unique types of mobility. Urban areas have a high demand for automation, electrification, and networking, which enables and shapes the robo-taxi market.
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The Asia Pacific region leads the global robo-taxi market due to the growing demand for robo-taxi and the governments' focus on the environment and vehicle safety. Besides, the improving public transport infrastructure with rapid economic growth and urbanization in developing countries accelerate the region's market share. With an ever-increasing population, China, Japan, and Singapore account for notable shares in the regional market.
Industry Insights:
May 2021: Baidu launched its first driverless, commercial robotaxi service in Beijing, China.
January 2021: AutoX revealed its driverless commercial taxi service, robotaxi, in Shenzhen, China. The service is expected to be available to the public in Shenzhen.
As a part of Robo Taxi market segmentation, our study exhibits a market analysis based on type, Market application and Historic Data:
| Attributes | Details (Current Scenario) |
| Base-Year | 2020-2021 |
| Historic Data | 2019-2020 |
| Forecast Period | 2022-2029 |
| Regions Covered |
|
| By Type/function |
|
| By Application |
|
| CAGR (XX%) | 6.9 % (Current Market Analysis) |
| Customization Available | Yes, the report can be customized as per your need. (Free 15% Customization) |
| Delivery Format | PDF, and Excel through Email |
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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Portable Robo Taxi Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Portable Robo Taxi Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Finally, researchers throw light on the pinpoint analysis of Global Robo Taxi dynamics. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. It also helps to address the risk and challenges in front of the businesses. Furthermore, it offers extensive research on sales approaches.
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