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Classified in: Transportation, Covid-19 virus
Subject: MRR

Robo taxi market size to grow by USD 568.65 million between 2021 and 2026; Growth driven by increased focus of OEMs on the development of robo taxis - Technavio

NEW YORK, March 30, 2023 /PRNewswire/ -- The global robo taxi market size is estimated to grow by USD 568.65 million from 2021 to 2026, according to Technavio. The market is estimated to grow at a CAGR of 8.21% during the forecast period. The market is driven by the increased focus of OEMs on the development of robo taxis. Increasing traffic congestion has led many consumers to shift to new car ownership models, such as carpooling, cab services, and car rentals. To capitalize on this opportunity, automotive OEMs are developing technologies that focus on driverless, autonomous vehicle concepts. Although these technologies are still in a nascent stage for commercialization, numerous experts are expecting this concept to drive the future of the automotive industry. With many automobile manufacturers increasing their efforts to develop autonomous vehicles, the market growth will accelerate during the forecast period. For more insights on the market size (2022 to 2026) - Request a sample report

What's New?

Global Robo Taxi Market - Segmentation Assessment

Segment Overview

Technavio has segmented the market based on application (goods transportation and passenger transportation) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

Geography Overview

By geography, the global robo taxi market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global robo taxi market.

Insights on the market contribution of various segments including country and region wise and forecast market size (2022 to 2026) - Download a Sample Report

Global Robo Taxi Market ? Vendor Analysis

The global robo taxi market is fragmented. The market consists of some well-established players that are into the design and development of transmission systems and components for electric vehicles. Vendors are focused on the development of level 4 and level 5 robo taxis, using artificial intelligence, radio detection and ranging (RADAR), and light detection and ranging (LIDAR) technologies to make them highly automated. Prominent vendors are focusing on improving the reliability, durability, and safety of autonomous taxis. There are numerous projects and initiatives under process in the global robo taxi market, which is playing a crucial role in driving the adoption of driverless taxis in designated places or areas. Owing to these factors, the robo taxi market is expected to intensify in competition during the forecast period. Some of the key vendors covered in the report include:

Global Robo Taxi Market ? Market Dynamics

Leading trends influencing growth 

Major challenges hindering growth

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this robo taxi market report?

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Robo Taxi Market Scope

Report Coverage


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 8.21%

Market growth 2022-2026

USD 568.65 million

Market structure


YoY growth 2022-2023 (%)


Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

APAC at 32%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aptiv Plc, Argo AI LLC, Aurora Operations Inc., AutoX Inc., Baidu Inc, Beijing Xiaoju Technology Co. Ltd., Cruise LLC, Easymile SAS, LeddarTech Inc., Lyft Inc, May Mobility, Mobileye Technologies Ltd., Navya SA, Nissan Motor Co. Ltd., Nuro Inc., NVIDIA Corp., Tesla Inc., Waymo LLC, WeRide, ZF Friedrichshafen AG, and Zoox

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse through Technavio's Industrials Market Report

Table of contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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