What is Autonomous Ride-sharing Services Market Scope?
Autonomous ride-sharing services are for autonomous vehicles to drive themselves to a specific location. Ride-sharing is a type of mobility service where a commuter travels along with other passengers. Changing lifestyle and adoption of autonomous ride-sharing services. Rapid growth in autonomous vehicle adoption, reduced risks, more convenience, and relaxed regulation, are the major factors driving the market of autonomous ride-sharing services.
Influencing Trend:
Robust Growth of Shared Ride-Hailing, and Micro mobility, as well as Various Forms of Microtransit and Car Sharing and Advancements in Technologies in Autonomous Ride-Sharing Services
Market Growth Drivers:
Exploding Popularity of Autonomous Ride-sharing, due to Factors such as Increasing Urbanization, Rising Traffic Congestion, and a Lower Rate of Car Ownership amongst Millennials and Implementations of Autonomous Ride-Sharing Services by Millennials to Safe, Affordable, and Eco-Friendly Transportation
Challenges:
Challenges in Training Algorithms
Restraints:
Fluctuations in the Transport Policies across the Countries and Concerns with the Hackers and other Cyber Threats
Opportunities:
Rapid Shift towards Urban Mobility Services and High Demand from the Emerging Economies
The Autonomous Ride-sharing Services market study is being classified, by Application and major geographies with country level break-up.
The global autonomous ride-sharing services market is fragmented due to its benefits, such as reduced risks, more convenience, and relaxed regulations. So the players are focusing on technological advancements such as, improvements in wireless technology. These will enhance their market presence. Each company brings the scale, knowledge, and capability in the area of autonomous ride-sharing services to make autonomous ride-hailing. The companies are also planning strategic activities like partnerships, mergers, and acquisitions and it maintains their growth at a competitive edge. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Autonomous Ride-sharing Services market throughout the predicted period.
Tesla, Inc. (United States), Microsoft Corporation (United States), Baidu (China), Motional (United States), Uber (United States), AutoX (United States), Optimus Ride (United States), Arity (United States), WiTricity (United States) and Cruise (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Autonomous Ride-sharing Services market by Type, Application and Region.
On the basis of geography, the market of Autonomous Ride-sharing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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).
Market Influencers and their Development Strategies
On, 27th April 2021, Toyota announced the acquisition of Uber rival Lyft for USD 550 million, as the autonomous car division of the ride-hailing platform. Toyota has provided USD 200 million to Lyft and USD 350 million will be paid out to Lyft over five years. Toyota has agreed to use Lyft’s fleet data and platform for commercial services.
On 10th January 2022, Lyft, Ford Motor Company, and Argo AI launches autonomous ride-share services in the Floridian city of Miami with service expansion to Austin. This launch delivers the commitment to deploy ford’s autonomous vehicles, powered by the Argo AI self-driving system, on Lyft’s ride-sharing network.
Key Target Audience
Autonomous Ride-sharing Services Providers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Autonomous Ride-sharing Services Market Study: Important Years
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Autonomous Ride-sharing Services Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Autonomous Ride-sharing Services industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.