Robotaxi Market By Vehicle Type (Car, Van); Application Type (Goods Transportation, Passenger Transportation); Propulsion Type (Electric, Fuel Cell); Component (Camera, Lidar, Radar, Ultrasonic Sensors): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026584 | Pages: 100 | Industry: Automotive and Transportation | Date: Oct 2022 | Type: Global

The market crossed US$ 1.23 billion mark in 2022 and is expected to hit US$ 108.0 billion by 2030, recording a CAGR of 80.8% during the forecast period.

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Robotaxi Market to rise with Surging demand for road safety and traffic control.

According to the NHTSA, globally, approximately 94% of car accidents occur daily due to human error. As noted by Waymo in 2020, about 1.4 million people die yearly in road accidents worldwide. As per the MIT Energy Initiative’s Mobility of the Future study in 2020, about 40,000 lives failed in the US in 2019 due to road mishaps. These behavioral errors can be reduced if technology takes control of human actions such as driving. This is anticipated to lower held cars on roads, reducing the number of cars in cities worldwide. Therefore, this is anticipated to ease traffic congestion and increase efficiency in traffic control.

The Robotaxi Market is experiencing a Widespread Adoption of Level 4 Automation

Level 4 automation allows self-driving robot taxis to operate without human intervention on selected routes and cities, where the city infrastructure supports autonomous driving. Level 4 Robo-taxi has a cockpit for manual vehicle control. The adoption of level 4 Robo-taxis is rising globally, as it helps reduce fleet operational costs by 30% to 50%..

Government support to drive the Robotaxi Market growth.

In several areas, modern autos use solderoids to increase performance and efficiency. Following are some of the key applications:

 

Door locks and a solenoid for the trunk Functions of the starter solenoid, automatic gearbox, dual clutch transmission, turbocharger, variable valve timing, evaporative emission control system, fuel ignition coils, and engine fuel shut off valve. HVAC system, ABS, and air suspension system.

 

Recent strategic developments in the Robotaxi Market

The Robotaxi market has undergone several significant developments, and a few of these have been mentioned below:

  • In May 2021, Argo AI unveiled the new LiDAR sensor which is capable of covering approximately 400 m down the road and thus, can be very helpful in the independent driving technology
  • In May 2021, Baidu launched its first driverless, commercial robotaxi service in Beijing, China.

 

Several players drive the Robotaxi market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Argo AI; AutoX, Inc.; Baidu; Cruise LLC; Didi Chuxing Technology Co.; EasyMile; Nissan; Pony.ai; Tesla, Inc.; ZF Friedrichshafen AG. are among the prominent players operating in the Robotaxi Market.

The target audience for the report:

  • Raw material providers
  • Robotaxi Manufacturers
  • Robotaxi service providers
  • Lawn Mowe-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Robotaxi component suppliers
  • Robotaxi and components distributors and sales firms
  • End users of Electric Vehicle
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the Robotaxi market has been segmented based on:

  • By Vehicle Type:
  • Car
  • Van.
  • By Application Type :
  • Goods Transportation
  • Passenger Transportation.
  • By Propulsion Type :
  • Electric
  • Fuel Cell
  • By Component :
  • Camera
  • Lidar
  • Radar
  • Ultrasonic Sensors.

Fuel Cell

  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • Rest of World
  • Companies profiled
    •  Argo AI
    • AutoX, Inc.
    • Baidu
    • Cruise LLC
    • Didi Chuxing Technology Co.
    • EasyMile
    • Nissan
    • Pony.ai
    • Tesla, Inc.
    • ZF Friedrichshafen AG.

 

The List of Companies
- Argo AI
- AutoX, Inc.
- Baidu
- Cruise LLC
- Didi Chuxing Technology Co.
- EasyMile
- Nissan
- Pony.ai
- Tesla, Inc.
- ZF Friedrichshafen AG.

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