Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Robotaxi Market, The Global Robotaxi Market is projected to grow at a CAGR of around 60% during the forecast period, i.e., 2021-26. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Robotaxi Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2021-2026
• CAGR (2021-2026): 60%

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Global Robotaxi Market Segmentation Breakdown:

The Robotaxi Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Application
  • Good Transportation
  • Passenger Transporation
  • Infotainment and Driver Assistance
• By Component
  • LiDAR
  • RADAR
  • Camera
  • Sensor
• By Propulsion Type
  • Electric Vehicles
  • Fuel Cell Vehicles
  • Hybrid Vehicles
• By Level of Autonomy
  • Level 4
  • Level 5
• By Vehicle
  • Car
  • Shuttle/Van

Geographical Growth Insights:

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

MarkNtel Advisors Highlights Key Market Drivers for Robotaxi Market:

Mounting Need for Traffic Control Boosting the Market Growth

Robo-taxis have numerous advantages over conventional vehicles, including better safety and reduced traffic congestion & pollution. An autonomous vehicle consists of sensors that help cars sense any obstacle in their way, thereby eliminating the probabilities of accidents.

Moreover, Robotaxis move at a controlled pace; hence, they help reduce fuel usage. Therefore, the rising need for traffic control shall fuel the Robotaxi market growth across the world.

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A Comprehensive Analysis of Leading Companies in Global Robotaxi Market

• Cruise LLC (subsidiary of General Motor Company)
• Daimler AG
• Ford Motor Company
• Lyft, Inc.
• Nissan Motor Corporation
• Tesla
• Uber Technologies
• Volkswagen AG
• Volvo Group
• WAYMO LLC (subsidiary of Alphabet Inc.)

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About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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