Market Overview: Global Robotaxi Market
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Robotaxi Market Insights 2021-26
The Global Robotaxi Market Analysis, 2021," the market is likely to grow at a CAGR of around 60% during 2021-26.
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Top Players in the Robotaxi Market:
- Cruise LLC (subsidiary of General Motor Company)
- Daimler AG
- Ford Motor Company
- Lyft, Inc.
- Nissan Motor Corporation
- Tesla
- Uber Technologies
- Volkswagen AG
- Volvo Group
- WAYMO LLC (subsidiary of Alphabet Inc.)
Segmentation Analysis of Robotaxi Market
Robotaxi Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2021-26, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
-By Vehicle Type
The market bifurcates into Car and Shuttle/Van. The Car segment held the largest share in the Global Robotaxi Market in previous year. The top market players are investing in the development of Robotaxis to promote autonomous driving and enhance connectivity electrification in the automotive industry. Additionally, the growing trend of shared mobility is driving the growth of the market.
Further, the use of the autonomous car for delivery and courier pick-up services by small businesses could be one of the crucial factors for the growth of the Robotaxi market.
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-By Application
- Good Transportation
- Passenger Transporation
- Infotainment and Driver Assistance
-By Component
- LiDAR
- RADAR
- Camera
- Sensor
-By Propulsion Type
- Electric Vehicles
- Fuel Cell Vehicles
- Hybrid Vehicles
-By Level of Autonomy
- Level 4
- Level 5
A Comprehensive Geographical Analysis:
-By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia-Pacific
Geographically, the Asia Pacific region dominated the Global Robotaxi Market in previous year and is likely to maintain its dominance in the market during the forecast period due to the rapidly expanding automotive industry and surging adoption of advanced technologies in developing countries, such as India, China, and Japan. Further, the increasing number of road accidents and rising traffic congestions in the region are the primary factors propelling the growth of the Robotaxi market. Moreover, the mounting government initiatives to promote the adoption of electric vehicles for emission traffic control in the Asia Pacific countries also propel the market growth.
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MarkNtel Advisors is a leading market research company, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
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