Robotaxi Market, By Application Type (Goods Transportation and Passenger Transportation), By Vehicle Type (Cars and Shuttles/Vans), By Component (Camera, Radar, LiDAR, Ultrasonic Sensors), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jun 2024

Code : CMI4560

Pages :130

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market Concentration and Competitive Landscape

Robotaxi Market Concentration By Players

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Growing popularity of the shared mobility-on-demand model

In recent years, shared mobility sector has experienced tremendous growth with new platforms and services disrupting traditional modes of transportation. Ride-hailing through apps has become a mainstream option for urban travellers while bike and scooter sharing have taken off in several cities. This new shared mobility-on-demand model provides users flexibility and access while avoiding the high costs of personal vehicle ownership. It has captured people's imagination as a convenient, affordable and environment-friendly way to travel within cities. Robotaxis provides true driverless mobility, this can operate as self-driving taxis or function within a ride-sharing network.

For instance, Chinese authorities released a series of preliminary regulations in August 2022, enabling self-driving firms to provide rides and implement fees for fully autonomous vehicles (AVs). The market for electric robotaxis is expanding due to their economical operational and maintenance expenses.

Key Players Insights