Robo-Taxi Market

Waymo LLC (US) and Aptiv (Ireland) are the Leading Player in the Robo-Taxi Market

The robo-taxi market is projected to reach 3,830,912 units by 2030 from 2,024 units in 2020, at a CAGR of 112.67%. The base year for the report is 2018 and the forecast period is from 2020 to 2030. The growth of the market is influenced by the rising demand for shared mobility, huge R&D investments from major players, focus on preventing accidents, government focus on reducing emissions, and growth of the electrification of vehicles. The self-driving taxi manufacturers include Waymo LLC (US), Aptiv (Ireland), GM Cruise (US), Ridecell, Inc (US), Uber Technologies Inc. (US), NAVYA (France), EasyMile (France), and others. These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth market.

Waymo LLC is the leading player in the market. The company is continuously delivering new technologies. For instance, in December 2018, Waymo introduced commercial self-driving service, Waymo One. At first, it would offer Waymo One to hundreds of early riders who have already been using its technology. Over time, Waymo One would be available to more people by adding more vehicles and drives in new places.

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Aptiv acquired nuTonomy to be a part of its automated mobility team in November 2017. The acquisition is aimed at developing and executing self-driving vehicles. For instance, in August 2016, nuTonomy launched its first-ever public trial of a robo-taxi service. The trial, which would continue on an ongoing basis, was held within Singapore’s one-north business district, where nuTonomy has been conducting autonomous vehicle testing since April 2016. Also, In June 2017, nuTonomy and Lyft announced a strategic R&D partnership focused on understanding and optimizing the end-to-end experience of autonomous vehicle passengers.

In January 2018, NAVYA introduced its AUTONOM CAB for the first time in North America with live demonstrations in the downtown Las Vegas Innovation District. As a valued partner, Keolis will be the first to operate AUTONOM CAB service in North America. The AUTONOM CAB is capable of speeds up to 55 m/h but will average closer to 30 m/h as it travels in urban areas, to conform to local speed limits.

Related Reports:

Robo-Taxi Market by Application (Goods and Passenger), Level of Autonomy (L4 and L5), Vehicle (Car and Shuttle/Van), Service (Rental and Station Based), Propulsion (Electric, Hybrid, and Fuel Cell), Component, and Region - Global Forecast to 2030

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Report Code
AT 7054
RI Published ON
4/25/2019
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