About Driverless Taxi
Self-driving taxis are autonomous vehicles that are controlled by an on-demand transportation service. They are self-driving vehicles, which require no human intervention to operate. The integration of advanced in vehicles has increased demand for self-driving vehicles, which has aided the global growth of robo-taxi. Furthermore, as autonomous vehicles have grown in popularity among customers, companies have begun to develop vehicles that do not require a human to drive. The adoption of automation in vehicles has simplified the need for a human driver, lowering the chances of accidents caused by human error. Furthermore, self-driving taxis are outfitted with various sensors including RADAR, LiDAR, and others, making the vehicle more efficient to operate in the long run.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market has seen a massive technological advancement to grow automation which has driven the market growth. Massive investments and disruption of the automobile industry by the EV market have seen a majority of providers enter the Automation and driverless technology market to grab this opportunity and hold a better position. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Driverless Taxi market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ford motors (United States), Waymo (United States), Volkswagen (Germany), BMW (Germany), General Motors (United States), Audi (Germany), Hyundai (South Korea), Mercedes (Germany), Baidu Inc. (China), Samsung electronics Inc. (South Korea), Mobileye, Inc. (Israel) and NVIDIA Corp. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Driverless Taxi market by , Application (Passenger Transport and Goods Transport) and Region.
On the basis of geography, the market of Driverless Taxi has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fuel, the sub-segment i.e. Diesel will boost the Driverless Taxi market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sensors, the sub-segment i.e. Camera sensors will boost the Driverless Taxi market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 17 February 2022, General Motors’ self-driving subsidiary, Cruise, began offering free robotaxi rides in San Francisco. as it moves one step closer to commercial viability.The service’s current ride-hailing options are limited. Users must join an online waiting list to reserve rides, which are generally limited to late-night trips around certain parts of the city.
On 29 April 2022, Beijing has issued the country's first permits to two of the country's leading autonomous taxi operators. This is the first time China's government has allowed self-driving cars, known as robotaxis, to transport passengers without the assistance of a human driver. Permits issued by the Beijing government allow 14 of these robotaxis to operate in a 60-square-kilometer area in Yizhuang (Southern Beijing).
Market Drivers
- Elimination Of Accidents Which Occur Due To Manual Errors
- Reduced Carbon Dioxide Emission From Autonomous Vehicles
Opportunities
- Rising Technological Developments Of Automobiles
- A Rise In Development Of A Supportive Regulatory Framework, Government Funding, And Investments In Digital Infrastructure
Restraints
- Autonomous Vehicles Can Easily Be Hacked As The Software Used To Drive The Vehicle Due To Which Developers Are Toiling To Address The Cyber Security Risks.
- The Cost Of Development For The Driverless Taxi Technology Is Very High, However, As Technology Advances The Price Is Expected To Decline
Challenges
- The Regulators Are Unable To Keep Pace With Evolution Of Self Driving Technology
Key Target Audience
Driverless Taxi Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.