Robo-Taxi Market – Industry Analysis and forecast (2019 to 2027)
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Robo-Taxi Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2027, at CAGR of 54.9% during forecast period of 2019 to 2027.
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Robo-taxi is a self-driving taxi or an autonomous car. Robo-taxi operators and manufacturers are investing heavily for the deployment and testing of self-driving vehicles. Currently, testing and developments are seen in shuttles, vans, and cars. But as per the industrial experts, the rise in ride-sharing facilities, the robo-taxi market will dominate the overall market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Robo-Taxi Market Drivers and Restrains
To think about the enormous sales potential of robo-taxis in the public transport industry, auto giants are disappearing into the robo-taxi to leverage profitable opportunities. With protruding dynamics of the robo-taxi market commonly viewed through the technology of lens, the competitive landscape of the market is likely to be characterized by a mounting number of collaborations between technology and automakers companies, in the coming years.
Development of smart cities and increasing demand for connected cars using internet of things (IoT), will help to solve traffic problems and positive impact on the growth of robo-taxi market. Full-electric robo-taxis are already in demand because of stringency in worldwide government regulations for an emission-free environment. Furthermore, demand for the luxury cars, development in automotive sector, government regulation, high cost, and the burgeoning threat from hackers during driving also affect the growth of the robo-taxi market. These factors are anticipated to hamper the market growth.
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