Global Market Insights on Robo-Taxi: Current Analysis and Forecast (2019-2025)

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Emphasis on Component (Camera, LiDAR, Radar, Ultrasonic Sensors), Level of Autonomy (Level 4, Level 5), Propulsion (Electric Robo-taxi, Hybrid Robo-taxi, Fuel Cell Robo-taxi), Vehicle Type (Passenger Car, Shuttle, Goods Carrier Vans), Application (Passenger Carrier, Goods Carrier) and Region/Country

Published:

Aug-2019

Pages:

268

Table:

149

Figure:

110

Report ID:

UMAU19152

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Robo-Taxi market crossed 1,600 units mark in 2018 and is expected to grow at a CAGR of 124.6% during the forecast period 2019-2025. In a pioneering leap into the future, Robo-taxi is basically a self-driving or a driverless car which was launched recently in the market. After years of focused and intensive testing in the autonomous vehicles (SAE Level 4 or Level 5), today the companies have started to roll out such vehicles for e-hailing (on-demand mobility) service for regular commuters. The Robo-taxi generally eliminates the need of a human chauffeur, which costs a significant part of the operating costs. The Robo-taxi service could make shared mobility much more affordable to the commuters and is expected to boost the demand of Transportation-as-a-Service (TaaS) solutions, which will drive the growth of the Robo-taxi market over the analysed period.

One of the most significantly adopted applications of the Robo-taxi include Autonomous Mobility on Demand (AMoD) service, especially in the metro regions. Autonomous Mobility on Demand (AMoD) is the solution that will drive the revolution towards self-driving cars. The AMoD is a technology comprising hardware, software, vehicle and its surrounding data that will improve the safety and economics of the ride. On an estimate, the Mobility on Demand (MoD) costs nearly US$ 2/mile, car ownership costs US$ 0.8/mile while AMoD costs US$ 0.3/mile. Hence, today, a number of companies are working on developing AMoD technology. In addition, increasing concern over road safety, emissions, reduction in road congestion and soaring demand for ride-hailing services are further expected to propel the growth of Robo-taxi market over the projection period.

Estimate Adoption of Autonomous Vehicle and Key Milestones

Across the globe, governments and market players are currently focusing on promoting autonomous vehicles in the public transportation and fleets, with emphasis on taxis, vans and shuttles. One of the biggest hurdles in the growth of Robo-Taxi market globally is the dearth of required infrastructure. With increasing government support, several stakeholders are investing huge money in developing the required vehicle-to-infrastructure (V2I) systems, such as sensors in roads or street signs that send signals to AVs, helping autonomous vehicles navigate city streets seamlessly. Further, development on V2I technology such as dedicated short-range communications (DSRC) and cellular vehicle-to-everything (C-V2X) systems is in progress, which would further help autonomous vehicle such as Robo-taxi to widen its adoption in major developed and developing regions.

“Level 4 of Robo-Taxi Market dominated the market in 2018 and is expected to maintain its lead by 2025”

Based on level of autonomy, Robo-Taxi market has been segmented into Level 4 and Level 5. In 2018, level 4 dominated the market and is expected to maintain its lead by 2025. The primarily reason for the dominance of Level 4 vehicle is lack of infrastructure for level 5 across major countries.

“Amongst propulsion type, hybrid Robo-taxi holds the major share in 2018, while fuel cell is expected to grow considerably during the forecast period.”

Based on propulsion type, Robo-Taxi market has been segmented into hybrid, electric and fuel cell Robo-Taxi. In 2018, hybrid Robo-Taxi dominated the Robo-Taxi market, generating sales of 939 units. However, with increasing environment concerns and depleting gasoline resources, it is expected that electric Robo-Taxi market will take over hybrid Robo-Taxi in terms of sales over the forecast period.

“Passenger Robo-Taxi Market dominated the market in 2018 and is expected to follow its trend till 2025”

Based on vehicle type, Robo-Taxi market has been segmented into passenger car, shuttle and goods carrier van. In 2018, passenger car dominated the market and is expected to maintain its lead throughout the forecast period 2019-2025. The primarily reason boosting the growth of passenger car segment over the other segments is due to increasing preference to shared mobility services over individual vehicle.

“In terms of application, passenger transportation takes lead over the goods transportation of Robo-Taxi Market  ”

Based on application, Robo-Taxi market is bifurcated into passenger and goods transportation. In 2018, passenger transportation Robo-taxi dominated the market and is expected to maintain its dominance throughout the forecast period, owing to increasing urbanization and people choice for opting a productive and comfortable ride while goods transportation Robo-taxi is expected to grow significantly over the analysed period as e-commerce and other utility companies are going for self-driving vehicles to deliver their consignment to customers.

“North America hold more than 50% of the market share of Robo-Taxi Market in 2018 and is expected to remain the largest market over the forecast period”

Based on region, detailed analysis has been conducted to understand the overall rate of adoption of Robo-Taxi across the different regions including North America, Europe, Asia-Pacific and Rest of World. North America captured the maximum market share and is expected to remain the largest market over the forecast period. However, with increasing acceptance and huge population base with increasing disposable income, Asia-Pacific is expected to witness exponential grow over the analysed period.

Competitive Landscape

Robo-taxi market comprises of automakers, technology providers and service providers. As the concept is innovative and emerging, each player is trying their best to increase their market share and presence. The success of Robo-taxis is expected to change car-ownership and public-transportation dynamics at a fundamental level as it offers lower mobility costs, greater convenience and increased productivity as they free occupants from driving. Robo-Taxi market is majorly dominated by large companies, accounting for nearly 75% market share. Some of the leading players operating in the market include Waymo, BMW, Tesla, Daimler, GM Cruise, Nissan-Renault and Volkswagen; while Navya, Aptiv, Nvidia, Valeo, Baidu, Uber, Lyft, eaymile are among others. These players are working endlessly to offer consumer a better and sustainable mobility service across the globe.

Reasons to buy (The research report presents):

  • Current and future market size from 2018 to 2025 in terms of Volume and value (US$)
  • Combined analysis of deep dive secondary research and input from primary research through Key Opinion Leaders of the industry
  • Detail analysis of the Autonomous vehicle technology
  • Detailed Analysis of Ride-hailing service in major countries
  • A quick review of overall industry performance at a glance
  • An In-depth analysis of key industry players
  • A detailed analysis of regulatory framework, drivers, restraints, key trends and opportunities prevailing in the industry
  • Examination of industry attractiveness with the help of Porter’s Five Forces analysis
  • The study comprehensively covers the market across different segments and sub-segments of the technology
  • Region covered: North America (US, Canada), Europe (Germany, UK, France, Spain, Sweden, Netherlands), Asia-Pacific (China, Japan, Singapore, India) and Rest of World

Customization Options:

Robo-Taxi market can be customized to the state level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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  1.1Market Definition 
  1.2Objective of the Study 
  1.3Limitation  
  1.4Stakeholders  
  1.5Currency used in the Report
  1.6Scope of the Global Robo-taxi Market Study
  2.1Research Methodology for Global Robo-taxi Market Study
   2.1.1Main objective of the Global Robo-taxi Market Study
  3.1General Overview 
   3.1.1Autonomous Vehicle Operational Models Compared
   3.1.2Ownership and Operating Costs
   3.1.3Overlooked Cost
   3.1.4Cost structures
5.1Robo-taxi: A potential game changer for urban mobility
  7.1Introduction of Robo-taxi
   7.1.1Robo-taxi’s Disruptive Potential Across Automotive Megatrends
   7.1.2Future Deployment Model of Robo-taxi
  7.2Overview of Autonomous Vehicle Technology
   7.2.1Layers of autonomy
   7.2.2Milestone for Autonomous Vehicle 2018
   7.2.3Estimate on Adoption of Autonomous vehicle and Key Future Milestones
   7.2.4Innovation Deployment Patterns
   7.2.5Deployment Predictions
   7.2.6Travel Impacts of Autonomous Vehicle
   7.2.7Key Autonomous Vehicle Planning Issues
   7.2.8Key Autonomous Vehicle Planning Issues
   7.2.9Autonomous Taxi Service Impacts
   7.2.10Advantage & Disadvantage of Autonomous Vehicle
   7.2.11Impact of Autonomous Vehicle on Different Industries
  7.3Market Dynamics 
   7.3.1Market Trend & Drivers
    7.3.1.1Deployment of Autonomous Vehicles
     7.3.1.1.1Increasing race
     7.3.1.1.2The race to autonomy
    7.3.1.2Rising demand for Fuel-efficient and Emission-Free vehicles
    7.3.1.3Safety Concern and Better Traffic Control
   7.3.2Market Restraints
    7.3.2.1Autonomous Vehicles May Reduce the Need of Human Interventions
    7.3.2.2High Cost of Implementation
    7.3.2.3Threat from Hackers
   7.3.3Market Opportunities
    7.3.3.1Increasing Support from Governments and Key Players
    7.3.3.2Robotic Assistance in Autonomous Vehicle
    7.3.3.3Increasing Demand for Ride-Hailing Services
    7.3.3.4Rapid Urbanization to Develop Better Infrastructure
     7.3.3.4.1Some Key Facts on Urbanization
  8.1Demand and Supply Side Analysis
   8.1.1.1The Impacts of Increasing Vehicle Automation
    8.1.1.2A Dynamic Model of Demand for Driving with AVs
     8.1.1.2.1Feedbacks Governing Demand for Driving
     8.1.1.2.2The Introduction of AVs
   8.1.2SWOT Analysis of Autonomous Vehicles
   8.1.3Value Chain Analysis of Autonomous Vehicles (Robo-taxi)
  9.1General Overview 
   9.1.1Camera 
   9.1.2LiDAR  
   9.1.3Radar  
    9.1.3.1Short-range radio applications include:
   9.1.4Ultrasonic Sensors
  10.1General Overview 
   10.1.1Level 4  
   10.1.2Level 5
  11.1General Overview 
   11.1.1Electric Robo-taxi
   11.1.2Hybrid Robo-taxi
    11.1.2.1Developments by key players help in boosting the Hybrid Robo-taxi Market
   11.1.3Fuel Cell Robo-taxi
  12.1General Overview 
   12.1.1Passenger Car 
   12.1.2Shuttle 
   12.1.3Goods Carrier Vans
  13.1General Overview 
   13.1.1Passenger Carrier
   13.1.2Goods Vehicle
  14.1General Overview 
  14.2North America Robo-taxi Market Insight
   14.2.1North America Robo-taxi Market by Level of Autonomy
   14.2.2North America Robo-taxi Market by Propulsion
   14.2.3North America Robo-taxi Market by Vehicle Type
   14.2.4North America Robo-taxi Market by Application
   14.2.5North America Robo-taxi Market by Country
   14.2.6United States 
    14.2.6.1Regulatory Overview
     14.2.6.1.1The NHTSA’s 2016 Federal automated vehicles policy
     14.2.6.1.2Vehicle Performance Guidance for Automated Vehicles
     14.2.6.1.3Model state policy
     14.2.6.1.4NHTSA’s current regulatory tools
     14.2.6.1.5New Tools and Authorities
    14.2.6.2US Robo-taxi Services Market
    14.2.6.3US Robo-taxi Market by Level of Autonomy
    14.2.6.4US Robo-taxi Market by Propulsion
    14.2.6.5US Robo-taxi Market by Vehicle Type
    14.2.6.6US Robo-taxi Market by Application
   14.2.7Canada 
    14.2.7.1Regulatory Overview
     14.2.7.1.1Roles and Responsibilities of Each Level of Government
     14.2.7.1.2Trial Guidelines
    14.2.7.2Canada Robo-taxi Market by Level of Autonomy
    14.2.7.3Canada Robo-taxi Market by Propulsion
    14.2.7.4Canada Robo-taxi Market by Vehicle Type
    14.2.7.5Canada Robo-taxi Market by Application
  14.3Europe Robo-taxi Market Insight
   14.3.1Future ACES trends for European Automotive Industry
   14.3.2Europe Robo-taxi Market by Level of Autonomy
   14.3.3Europe Robo-taxi Market by Propulsion
   14.3.4Europe Robo-taxi Market by Vehicle Type
   14.3.5Europe Robo-taxi Market by Application
   14.3.6Europe Robo-taxi Market by Country
   14.3.7Germany 
    14.3.7.1Regulatory Overview
     14.3.7.1.1Guidelines Summary
     14.3.7.1.2Overall impact
    14.3.7.2Germany Robo-taxi Services Market
    14.3.7.3Germany Robo-taxi Market by Level of Autonomy
    14.3.7.4Germany Robo-taxi Market by Propulsion
    14.3.7.5Germany Robo-taxi Market by Vehicle Type
    14.3.7.6Germany Robo-taxi Market by Application
   14.3.8France  
    14.3.8.1Regulatory Overview
     14.3.8.1.1Product Safety
     14.3.8.1.2Product Liability
     14.3.8.1.3Risks of Cyber-Attacks
     14.3.8.1.4Commission report on the Directive and Expert Group
     14.3.8.1.5Badinter Law in case of road traffic accidents
     14.3.8.1.6Two Key Takeaways:
    14.3.8.2France Robo-taxi Services Market
    14.3.8.3France Robo-taxi Market by Level of Autonomy
    14.3.8.4France Robo-taxi Market by Propulsion
    14.3.8.5France Robo-taxi Market by Vehicle Type
    14.3.8.6France Robo-taxi Market by Application
   14.3.9Spain  
    14.3.9.1Regulatory Overview
    14.3.9.2Spain Robo-taxi Market by Level of Autonomy
    14.3.9.3Spain Robo-taxi Market by Propulsion
    14.3.9.4Spain Robo-taxi Market by Vehicle Type
    14.3.9.5Spain Robo-taxi Market by Application
   14.3.10Sweden 
    14.3.10.1Regulatory Overview
     14.3.10.1.1Trial operations and new legal framework
    14.3.10.2Sweden Robo-taxi Market by Level of Autonomy
    14.3.10.3Sweden Robo-taxi Market by Propulsion
    14.3.10.4Sweden Robo-taxi Market by Vehicle Type
    14.3.10.5Sweden Robo-taxi Market by Application
   14.3.11United Kingdom
    14.3.11.1Status of Autonomous and connected vehicles in UK
    14.3.11.2Regulatory Overview
     14.3.11.2.1Key concepts being proposed include:
    14.3.11.3UK Robo-taxi Services Market
    14.3.11.4UK Robo-taxi Market by Level of Autonomy
    14.3.11.5UK Robo-taxi Market by Propulsion
    14.3.11.6UK Robo-taxi Market by Vehicle Type
    14.3.11.7UK Robo-taxi Market by Application
   14.3.12Netherlands 
    14.3.12.1.1The ambitions of the Netherlands for Autonomous Vehicle
     14.3.12.1.2Netherlands innovative mobility solutions
    14.3.12.2Regulatory Overview
     14.3.12.2.1Autonomous Transportation Core Topic for Policy on Traffic
    14.3.12.3Netherlands Robo-taxi Market by Level of Autonomy
    14.3.12.4Netherlands Robo-taxi Market by Propulsion
    14.3.12.5Netherlands Robo-taxi Market by Vehicle Type
    14.3.12.6Netherlands Robo-taxi Market by Application
  14.4Asia-Pacific Robo-taxi Market Insight
   14.4.1Asia-Pacific Robo-taxi Market by Level of Autonomy
   14.4.2Asia-Pacific Robo-taxi Market by Propulsion
   14.4.3Asia-Pacific Robo-taxi Market by Vehicle Type
   14.4.4Asia-Pacific Robo-taxi Market by Application
   14.4.5Asia-Pacific Robo-taxi Market by Country
   14.4.6China  
    14.4.6.1Fundamentally Transforming Mobility
    14.4.6.2Key facts on Chinese Autonomous Vehicle and Ride-Sharing Cars, Buses, Taxis
    14.4.6.3Regulatory Overview
     14.4.6.3.1National mandatory technical standards and regulations
    14.4.6.4China Robo-taxi Services Market
    14.4.6.5China Robo-taxi Market by Level of Autonomy
    14.4.6.6China Robo-taxi Market by Propulsion
    14.4.6.7China Robo-taxi Market by Vehicle Type
    14.4.6.8China Robo-taxi Market by Application
   14.4.7India  
    14.4.7.1Key Market Insights on Indian Ride Hailing Service, 2019
    14.4.7.2List of Indian Innovators in self-driving technology
    14.4.7.3Challenges for Autonomous Vehicle in India
    14.4.7.4Regulatory Overview
    14.4.7.5India Robo-taxi Market by Level of Autonomy
    14.4.7.6India Robo-taxi Market by Propulsion
    14.4.7.7India Robo-taxi Market by Vehicle Type
    14.4.7.8India Robo-taxi Market by Application
   14.4.8Japan  
    14.4.8.1Fragmented Competition in the Local Taxi Market
    14.4.8.2Key Market Insights on Indian Ride Hailing Service, 2019
    14.4.8.3Insights/Quotes on Autonomous driving by Japanese Automakers
    14.4.8.4Regulatory Overview
     14.4.8.4.1Connected vehicles
     14.4.8.4.2Car/ride sharing
    14.4.8.5Japan Robo-taxi Services Market
    14.4.8.6Japan Robo-taxi Market by Level of Autonomy
    14.4.8.7Japan Robo-taxi Market by Propulsion
    14.4.8.8Japan Robo-taxi Market by Vehicle Type
    14.4.8.9Japan Robo-taxi Market by Application
   14.4.9Singapore 
    14.4.9.1Autonomous Vehicles trials in Singapore
    14.4.9.2Regulatory Overview
     14.4.9.2.1Trial Operations and New Legal Framework
    14.4.9.3Singapore Robo-taxi Market by Level of Autonomy
    14.4.9.4Singapore Robo-taxi Market by Propulsion
    14.4.9.5Singapore Robo-taxi Market by Vehicle Type
    14.4.9.6Singapore Robo-taxi Market by Application
  14.5Rest of World Market Insight
   14.5.1Transforming Dubai to Autonomous Mode of Transportation by 2030
   14.5.2Key Facts on Driverless Vehicle in Brazil
    14.5.2.1ROW Robo-taxi Services Market
    14.5.2.2ROW Robo-taxi Market by Level of Autonomy
    14.5.2.3ROW Robo-taxi Market by Propulsion
    14.5.2.4ROW Robo-taxi Market by Vehicle Type
    14.5.2.5ROW Robo-taxi Market by Application
  15.1Key Players Collaborations, Partnerships and Future Plans
   15.1.1General Motors Rumours of Self-Driving by 2018
   15.1.2Ford True Self-Driving by 2021
   15.1.3Honda Self-Driving on the Highway by 2020
   15.1.4Toyota Self-Driving on the Highway by 2020
   15.1.5Renault-Nissan 2020 for Autonomous Cars in Urban Conditions, 2025 for Truly Driverless Cars
   15.1.6Volvo Self-Driving on the Highway by 2021
   15.1.7Hyundai Highway 2020, Urban Driving 2030
   15.1.8Daimler Nearly Fully Autonomous by Early 2020’s
   15.1.9Fiat-Chrysler expects there self-driving cars on the road by 2021
   15.1.10BMW – Fully self-driving possible by 2021
   15.1.11Tesla Autonomous Vehicle by End of 2019
  15.2Autonomous Vehicle Evolving Scenario on Public Roads
   15.2.1Aptiv  
   15.2.2Aurora  
   15.2.3Drive.ai 
   15.2.4Nuro  
   15.2.5Uber  
   15.2.6Waymo 
   15.2.7Zoox  
  15.3News Releases of Key Players under Autonomous Vehicle
   15.3.1Amazon Experimenting with Autonomous Package Delivery
    15.3.1.1Top initiatives
     15.3.1.1.1Detailed Overview of Amazon on Autonomous Vehicle
   15.3.2Apple Starting to catch up on Autonomous Vehicle
    15.3.2.1Top initiatives
     15.3.2.1.1Detailed Overview of Apple on Autonomous Vehicle
   15.3.3Aptiv Hits the Road for Testing Autonomous Vehicle
    15.3.3.1Top initiatives:
     15.3.3.1.1Detailed Overview of Aptiv on Autonomous Vehicle:
   15.3.4Audi unveils its Autonomous A8
    15.3.4.1Top initiatives:
     15.3.4.1.1Detailed Overview of Audi on Autonomous Vehicle:
   15.3.5Autoliv and Volvo Cars establish Zenuity
    15.3.5.1Top initiatives:
     15.3.5.1.1Detailed Overview of Autoliv and Volvo on Autonomous Vehicle:
   15.3.6Baidu plans Autonomous car Spinoff, Mass Production
    15.3.6.1Top initiatives:
     15.3.6.1.1Detailed Overview of Baidu on Autonomous Vehicle:
   15.3.7BMW-Intel-Mobileye Alliance Forges Ahead
    15.3.7.1Top initiatives:
     15.3.7.1.1Detailed Overview of BMW on Autonomous Vehicle:
   15.3.8Bosch & Mercedes join forces for Drive Assist Technology
    15.3.8.1Top initiatives:
     15.3.8.1.1Detailed Overview of Bosch & Mercedes on Autonomous Vehicle:
   15.3.9Cisco works on building the data layer of the self-driving car movement
    15.3.9.1Top initiatives:
     15.3.9.1.1Detailed Overview of Cisco on Autonomous Vehicle:
   15.3.10Continental AG takes an incremental approach
    15.3.10.1Top initiatives:
     15.3.10.1.1Detailed Overview of Continental AG on Autonomous Vehicle:
   15.3.11DAF, Daimler, Iveco, MAN, Scania, and Volvo complete truck ‘platooning’ trip
    15.3.11.1Top initiatives:
     15.3.11.1.1Detailed Overview of DAF, Daimler etc. on Autonomous Vehicle:
   15.3.12Didi Chuxing hires Uber, Waymo engineers for its AI lab
    15.3.12.1Top initiatives:
     15.3.12.1.1Detailed Overview of Didi on Autonomous Vehicle:
   15.3.13Ford taps private markets for self-driving, partners with Domino’s & Postmates
    15.3.13.1Top initiatives:
     15.3.13.1.1Detailed Overview of Ford on Autonomous Vehicle:
   15.3.14GM, Lyft aim to deploy thousands of self-driving test cars in 2018
    15.3.14.1Top Initiatives:
     15.3.14.1.1Detailed Overview of GM, Lyft on Autonomous Vehicle:
   15.3.15Honda also testing autonomous cars, offering semi-autonomous features in Civic
    15.3.15.1Top initiatives:
     15.3.15.1.1Detailed Overview of Honda on Autonomous Vehicle:
   15.3.16Huawei autonomous R&D team tops 200, tests smartphone road-recognition tech at Mobile World Congress 2018
    15.3.16.1Top initiatives:
     15.3.16.1.1Detailed Overview of Huawai on Autonomous Vehicle:
   15.3.17Hyundai focuses on affordable driver-assistance technology, aims to release self-driving SUV in 2025
    15.3.17.1Top initiatives:
     15.3.17.1.1Detailed Overview of Hyundai on Autonomous Vehicle:
   15.3.18Jaguar Land Rover focuses on drive assist, partners with Waymo to build self-driving cars
    15.3.18.1Top initiatives:
     15.3.18.1.1Detailed Overview of Jaguar Land Rover on Autonomous Vehicle:
   15.3.19Magna also pursues Lidar, autonomous tech
   15.3.20Microsoft pursues collaborative strategy with automakers, offers Azure cloud to start-ups
    15.3.20.1Top initiatives:
     15.3.20.1.1Detailed Overview of Microsoft on Autonomous Vehicle:
   15.3.21Nissan/Renault tests self-driving taxis, promises ‘significant autonomous functionality’ by 2020
    15.3.21.1Top initiatives:
     15.3.21.1.1Detailed Overview of Nissan/Renault on Autonomous Vehicle:
   15.3.22Nvidia, Paccar working on Autonomous Trucks
    15.3.22.1Top initiatives:
     15.3.22.1.1Detailed Overview of Nvidia on Autonomous Vehicle:
   15.3.23Samsung enters the driverless race; tests driver assists technologies on roads
    15.3.23.1Top initiatives:
     15.3.23.1.1Detailed Overview of Samsung on Autonomous Vehicle:
   15.3.24SoftBank’s SB Drive venture pushes forward
   15.3.25PSA Groupe finds start-up partner
    15.3.25.1Top initiatives:
     15.3.25.1.1Detailed Overview of PSA Groupe on Autonomous Vehicle:
   15.3.26Tata Elixsi showcases valet system and focuses on autonomous vehicle security
   15.3.27Tesla got an early lead but struggles to meet expectations, feuds with NTSB
    15.3.27.1Top initiatives:
     15.3.27.1.1Detailed Overview of Tesla on Autonomous Vehicle:
   15.3.28Toyota develops “Guardian Angel” approach to autonomy, invests $2.8 billion
    15.3.28.1Top initiatives:
     15.3.28.1.1Detailed Overview of Toyota on Autonomous Vehicle:
   15.3.29Uber program bogged down in controversy, with its future in doubt after fatal crash
    15.3.29.1Top initiatives:
     15.3.29.1.1Detailed Overview of Uber on Autonomous Vehicle:
   15.3.30Valeo shows off autonomous driving tech at CES 2018
    15.3.30.1Top initiatives:
     15.3.30.1.1Detailed Overview of Valeo on Autonomous Vehicle:
   15.3.31Volkswagen pushes autonomous vehicle concepts as it tries to move past emissions scandal
    15.3.31.1Top initiatives:
     15.3.31.1.1Detailed Overview of Volkswagen on Autonomous Vehicle:
   15.3.32Waymo (Alphabet) readying FCA vehicles for public trial in Arizona
    15.3.32.1Top initiatives:
     15.3.32.1.1Detailed Overview of Volkswagen on Autonomous Vehicle:
   15.3.33Yutong has successfully tested driverless buses
   15.3.34ZF, Nvidia, Baidu partnering to build an autonomous car for china
    15.3.34.1Top initiatives:
     15.3.34.1.1Detailed Overview of ZF, Nvidia and Baidu on Autonomous Vehicle:
  16.1Operator Comparison 
   16.1.1Current and Forecast Market Size for Top 5 Ride Sharing Market Worldwide
   16.1.2Top Ride-hailing Service Providers, by Number of Completed Rides 2017
  16.2Porter’s Five forces analysis
   16.2.1Bargaining Power of Suppliers
   16.2.2Bargaining Power of Buyers
   16.2.3Threat of New Entrants
   16.2.4Threat of Substitutes
   16.2.5Industry Rivalry
  17.1Waymo  
   17.1.1Key Facts 
   17.1.2Business Description
   17.1.3Growth Strategy
   17.1.4Swot Analysis 
   17.1.5Recent Development
    17.1.5.1Product launches
    17.1.5.2Strategic Alliance
    17.1.5.3Business Expansion
  17.2Daimler AG  
   17.2.1Key Facts 
   17.2.2Business Description
   17.2.3Overview of Mobility Service
   17.2.4Products and Service Offerings
   17.2.5Growth Strategy
   17.2.6Swot Analysis 
   17.2.7Key Financials 
   17.2.8Revenue Split 
   17.2.9Research and Development Expenditure, by Business
   17.2.10Recent Development
    17.2.10.1Product Launches
    17.2.10.2Strategic Alliance
  17.3GM Cruise LLC  
   17.3.1Key Facts 
   17.3.2Business Description
   17.3.3Products and Service Offerings
   17.3.4Growth Strategy
   17.3.5Swot Analysis 
   17.3.6Recent Development
    17.3.6.1Business Expansion
  17.4Volvo Cars  
   17.4.1Key Facts 
   17.4.2Business Description
   17.4.32018 Highlight of Volvo Cars
   17.4.4Products and Service Offerings
   17.4.5Growth Strategy
   17.4.6Volvo Cars in Figures
   17.4.7SWOT Analysis 
   17.4.8Key Financials 
   17.4.9Revenue Split 
   17.4.10Recent Development
    17.4.10.1Business Expansion
  17.5Nissan Motor Corporation
   17.5.1Key Facts 
   17.5.2Business Description
   17.5.3Products and Service Offerings
   17.5.4Growth Strategy
   17.5.5Nissan Motor Corporation- Path to 2022
   17.5.6Swot Analysis 
   17.5.7Key Financials 
   17.5.8Recent Development
    17.5.8.1Product Launch
    17.5.8.2Business Expansion
  17.6Tesla Inc.  
   17.6.1Key Facts 
   17.6.2Business Description
   17.6.3Tesla Plans for Robo-taxi Service
   17.6.4Products and Service Offerings
   17.6.5Growth Strategy
   17.6.6Swot Analysis 
   17.6.7Key Financials 
   17.6.8Revenue Split 
   17.6.9Recent Development
    17.6.9.1Product Launches
    17.6.9.2Business Expansion
  17.7Hyundai Motor Corporation
   17.7.1Key Facts 
   17.7.2Business Description
   17.7.3Products and Service Offerings
   17.7.4Growth Strategy
   17.7.5Swot Analysis 
   17.7.6Key Financials 
   17.7.7Revenue Split 
   17.7.8Recent Development
    17.7.8.1Product Launches
    17.7.8.2Strategic Alliance
  17.8Toyota Motor Corporation
   17.8.1Key Facts 
   17.8.2Business Description
   17.8.3Products and Service Offerings
   17.8.4Growth Strategy
   17.8.5Swot Analysis 
   17.8.6Key Financials 
   17.8.7Revenue Split 
   17.8.8Recent Development
    17.8.8.1Business Expansion
  17.9Volkswagen  
   17.9.1Key Facts 
   17.9.2Business Description
   17.9.3Products and Service Offerings
   17.9.4Growth Strategy
   17.9.5Future Plans of the Company
   17.9.6Swot Analysis 
   17.9.7Key Financials 
   17.9.8Revenue Split 
   17.9.9Recent Development
    17.9.9.1Business Expansion
  17.10Bayerische Motoren Werke AG (BMW)
   17.10.1Key Facts 
   17.10.2Business Description
   17.10.3Products and Service Offerings
   17.10.4Growth Strategy
   17.10.5Swot Analysis 
   17.10.6Key Financials 
   17.10.7Revenue Split 
   17.10.8Recent Development
    17.10.8.1Business Expansion

Research Methodology

Analysing historical market, estimation of the current market and forecasting the future market of Robo-Taxi were the three major steps to create and analyse the overall market of Robo-Taxi in different regions/country. An exhaustive secondary research was done to collect the historical market sizing of the Robo-Taxi and overall estimation of the current market. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were conducted with industry experts across value chain of the Robo-Taxi market. After all the assumption, market sizing and validation of market numbers through primary interviews, top-down/bottom-up approach was employed to forecast the complete market size of Robo-Taxi market across different regions/country. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyse the market size of segments and sub-segments of the sector. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detailed secondary study was conducted to obtain the historical market size of Robo-Taxi Market through sources including Company publications, annual reportsNews articles, Government Publications, Competitor Publications, other third-party sourcessector reports, regulatory bodies’ publications and other credible sources/publications

Step 2: Market Segmentation:

After obtaining historical market size of the overall market, detailed secondary analysis was done to gather historical market insights and share for different segments & sub-segments for Robo-Taxi Market. The major segments included in the report are Robo-taxi market by application, by level of autonomy, by propulsion, by vehicle type. Further analysis was also done for sub-segments of the major segments of Robo-Taxi Market. The same analysis was done for different region/country

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, detailed factor analysis was conducted to estimate the current market size of the Robo-Taxi market. Factor analysis was conducted using dependent and independent variables such the usage of Robo-Taxi, its availability, passenger preference, auto manufacturers timeline, government’s regulations and mobility benefits. The historical trends of the Robo-Taxi market and its year-on-year impact on the market size and share in the recent past was analyzed. The demand and supply side scenario were also thoroughly studied.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on the actionable insights from the above 3 steps, we arrived at current market size, key players in major applications and markets, industry’s supply chain, and value chain of the industry. Initiatives undertaken by these players to increase the overall adoption of Robo-Taxi as a mean of public transport was also analyzed. All the required percentage shares, splits, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including market dynamics such as drivers & trends, restraints, and opportunities. After analyzing these factors, relevant forecasting techniques i.e. Bottom-up/Top-down was applied to arrive at the market forecast pertaining to 2025 for different segment and sub-segments of the Robo-taxi market for different regions/country. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value and volume and rate of adoption of Robo-Taxi in global market
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the market as well as major initiatives undertaken by these players. Also, the growth strategies adopted by these players to compete in the ever-evolving Robo-Taxi market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head etc.). The primary research findings were summarized, and statistical analysis was performed to prove the stated hypothesis. The inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants

Market Engineering

The Data Triangulation technique was employed to complete the overall market engineering process and to arrive at a precise statistical number of each segment and sub-segment pertaining to the Robo-Taxi Market. The Data was split into several segments & sub-segments post studying various parameters and trends in the areas of passenger & shuttle vehicle and goods carrier. Also, by propulsion including electric, plug-in and fuel cell Robo-taxi. Further, based on the level of autonomy, level 4 and level 5 were taken into consideration for the evaluation of Robo-Taxi Market.

Main objective of the Global Robo-taxi Market Study

The current & future market trends of the Robo-Taxi market are pinpointed in the study. The investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. The current and future market trends would determine the overall attractiveness of the market, providing a platform for the industrial participant to exploit the untapped market to benefit as the first mover advantage. Other quantitative goal of the studies includes:

  • Analyse the current and forecast market size of Robo-Taxi market in terms of value and volume
  • Analysis of Autonomous vehicle and the initiatives undertaken by private companies and governments for the upliftment of the technology
  • Analyse the current and forecast market size of different segments and sub-segments of Robo-Taxi market
  • Segments in the study include vehicle type, level of autonomy, application type, propulsion type and regions
  • Define and describe the segments and sub-segments considered in the evaluation of Robo-Taxi market
  • Anticipate potential risk associated with the Robo-Taxi market
  • Customer and competitor analysis, etc.
  • Define and analysis of the government regulations for Robo-taxi market in different regions across the world
  • Analyse the current and forecast market size of Robo-Taxi for different regions/country
  • Define and analyse the competitive landscape of the Robo-Taxi market and the growth strategies adopted by the market players to sustain in the ever-growing market