The report of Robo-Taxi market by Application type, (Goods Transportation, Passenger Transportation), Autonomy (Level 4 and Level 5), Vehicle type (Car, Shuttle/Van) Propulsion (Electric, Hybrid and Fuel Cell), Component (Camera, Radar, LiDAR and Ultrasonic Sensors)and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of XX% during a forecast period.
Robo-taxi is an autonomous car. Robo-taxi operators and manufacturers are investing heavily for the deployment and testing of self-driving vehicles. Currently, testing and developments are seen in shuttles, vans, and cars. But as per the industrial experts, the rise in ride-sharing facilities, the robo-taxi market will dominate the overall market. Development of smart cities and increasing demand for connected cars using internet of things (IoT), help to solve the difficult of traffic and positive impact on the growth of robo-taxi market.
Level 5 segment is expected to grow at the highest XX% CAGR during the forecast period.
In terms of Autonomy, the robo-taxi market has been bifurcated into Level 4(High Automation) and Level 5 (Full Automation). Level 5 segment is expected to grow at the highest XX% CAGR during the forecast period by the reasons of no requirement of human interferences by eliminating the steering wheel and pedals. Furthermore, Based on vehicle, the robo-taxi market is segmented into cars and shuttles. The cars segment is projected to hold a dominant share of the robo-taxi market, with companies such as Uber Inc., Waymo, Baidu, and Pony A.I. launching robo-taxis for the markets in Asia Pacific and North America.
The North America dominated the Robo-Taxi Market in 2018
On the basis of region Robo-Taxi market divided into five region such as Asia Pacific, North America, Europe, Latin America, and Middle East Africa. Among all the regions, North America had largest market share in 2018 and is projected to lead the market during the forecast period, by reason of both Canada and United States are anticipated to emerge as the top countries that grab the attention of market players with more profitable growth opportunities in the coming years. Furthermore, Europe is the second largest market in the Robo-Taxi Market.
Key players operating the Robo-Taxi market are Allergan Plc., Hoffmann-La Roche Ltd., Astellas, Biocodex S A, Consumer Healthcare Inc., Dainippon Sumitomo, ECR Pharmaceuticals, Eisai Co., Flynn Pharma, Johnson and Johnson, Meda Consumer Healthcare Inc., Merck and Co. Inc., Neurim, Pernix Therapeutics, Pfizer Inc, Purdue Pharma L.P., Sanofi Pasteur, SkyePharma and Takeda Pharmaceutical Company.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Robo-Taxi Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Robo-Taxi Market positioning of competitors.
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