Dublin, Dec. 19, 2022 (GLOBE NEWSWIRE) -- The "Robo Taxi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.The global robo taxi market size reached US$ 390 Million in 2021. Looking forward, the publisher expects the market to reach US$ 6,930 Million by 2027, exhibiting a CAGR of 61.54% during 2021-2027.Robo Taxi Market Trends:Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the increasing demand for self-driving and autonomous vehicles is providing a thrust to the market growth. The rising levels of traffic and greenhouse gas emissions are also impacting the demand for robo taxis. Robo taxis operate through electric and fuel cell-based technologies, which are highly fuel-efficient and emission-free. They are also equipped with advanced technologies to detect objects or obstacles in the way and sense the speed of nearby vehicles to ensure road safety and prevent accidents. Additionally, the implementation of favorable government policies promoting the development of smart cities and sustainable infrastructural expansion, especially in the developing economies, is contributing to the market growth. Other factors, including shifting consumer preference from vehicle ownership to shared mobility solutions, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth.Key Market Segmentation:The publisher provides an analysis of the key trends in each sub-segment of the global robo taxi market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on application, level of autonomy, vehicle, service and propulsion. Report AttributeDetailsNo. of Pages147Forecast Period2021 - 2027Estimated Market Value (Million) in 2021Million390 MillionForecasted Market Value (Million) by 2027Million6930 MillionCompound Annual Growth Rate61.5%Regions CoveredGlobal Breakup by Application: GoodsPassenger Breakup by Level of Autonomy: Level 4Level 5 Breakup by Vehicle: CarShuttle/Van Breakup by Service: RentalStation-based Breakup by Propulsion: ElectricHybridFuel Cell Breakup by Region:North America United StatesCanada Asia-Pacific ChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthers Europe GermanyFranceUnited KingdomItalySpainRussiaOthers Latin America BrazilMexicoOthersMiddle East and Africa Key Questions Answered in This Report:1. What was the size of the global robo taxi market in 2021?2. What are the key factors driving the global robo taxi market?3. What has been the impact of COVID-19 on the global robo taxi market?4. What is the breakup of the global robo taxi market based on the application?5. What is the breakup of the global robo taxi market based on the level of autonomy?6. What is the breakup of the global robo taxi market based on the vehicle?7. What is the breakup of the global robo taxi market based on the service?8. What is the breakup of the global robo taxi market based on the propulsion?9. What are the key regions in the global robo taxi market?10. Who are the key players/companies in the global robo taxi market?Key Topics Covered: 1 Preface2 Scope and Methodology3 Executive Summary4 Introduction5 Global Robo Taxi Market6 Market Breakup by Application7 Market Breakup by Level of Autonomy8 Market Breakup by Vehicle 9 Market Breakup by Service10 Market Breakup by Propulsion11 Market Breakup by Region12 SWOT Analysis13 Value Chain Analysis14 Porters Five Forces Analysis15 Price Analysis16 Competitive LandscapeCompanies Mentioned Aptiv plcContinental AGDaimler AGFord Motor CompanyNAVYANVIDIA CorporationRidecell IncWaymo LLC (Alphabet Inc.). For more information about this report visit https://www.researchandmarkets.com/r/d6pdul
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Global Robo Taxi Market