Global Robo Taxi Market 2022-2027

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    GLOBAL ROBO TAXI MARKET

     

    INTRODUCTION

    A robo-taxi is a self-driving vehicle that functions as a taxicab in an e-hailing system. This implies that robo-taxis do not even have a operator and that customers may summon them using a mobile application. Waymo was the very first business to provide accessible robo-taxi services.

     

    The elimination about the need for a human operator or chauffeur, that also accounts for a significant portion of the operational costs of that type of service, may make it a very affordably priced solution for consumers and hasten the propagation of Transportation-as-a-Service systems are implemented as opposed to single car ownership.

     

    Robotaxi will be at its most basic functions since they first hit the streets, thanks to an open, application design. Self-driving vehicles will be at the leading edge of technology since they are driven by DNNs that are continuously upgraded and updated in the automobile.

     

    All of these innovative features need high-performance, centralised computation. To achieve this paradigm change in personal transportation, the overall development workflow must be reworked from start to finish, with an unified architecture from education to verification to real-time computing.

     

    infographic: Robo Taxi Market, Robo Taxi Market Size, Robo Taxi Market Trends, Robo Taxi Market Forecast, Robo Taxi Market Risks, Robo Taxi Market Report, Robo Taxi Market Share

     

    The widespread use of self-driving technologies will now have a massive influence on metropolitan transportation networks. Nevertheless, owing to a scarcity of real-world case reports on self-driving operations.

     

    Today, significant efforts are being undertaken to predict potential Robo-Taxi services. One of the important elements examined during the planning process of service configuration and management is fleet capacity. The fleet size may be investigated using dynamical load management simulations associated with multi techniques.

     

     

    GLOBAL ROBO TAXI MARKET DYNAMICS

    Advances in self – driving technology, and also the growing popularity of recently launched shared mobility and on-demand solutions, indicate that inclusive growth will undergo substantial transformation in the coming generations.

     

    A Robo-taxi is also outfitted with a network of equipment, such as RADAR, LiDAR, and others, which improves the car’s efficiency. The global Robo taxi market is expanding as a consequence of government performance and increased expenditures by the automobile technology industry in terms leading players.

     

    Furthermore, technical developments as a result of R&D conducted by many start-ups and major businesses are likely to further fuel the use of autonomous cars, hence increasing the growth of the Robo automotive market.

     

    The desire to improve driving pleasure and increase driving safety is projected to drive the robot taxi sector forward. The introduction of automated vehicles has reduced the need for a human operator, minimising the danger of fatalities caused by negligence.

     

    Requirement for fuel-efficient and emission-free cars, as well as the need for improvement of road hazard identification and risk control, are driving the expansion of the robo taxi sector.

     

    Infographic: Global Robo Taxi Market, Global Robo Taxi Market Size, Global Robo Taxi Market Trends,  Global Robo Taxi Market Forecast,  Global Robo Taxi Market Risks, Global Robo Taxi Market Report, Global Robo Taxi Market Share

     

    However, hefty R&D costs for deployment and vulnerability concerns are projected to stymie the expansion of the robo taxi sector. Furthermore, current restrictions and the development of smart cities are likely to provide up a plethora of prospects for development and success.

     

    With both the growing trend of driver assistance systems, there is a greater need for fuel-efficient as well as emission-free automobiles all over the world. Because of the rising demand, companies have been able to build emission-free cars, which have aided the expansion of the robo taxi sector.

     

    Pony.ai, a self-driving technology firm sponsored by Toyota Motor Corp, has gained a taxi licence in China, allowing some of its self-driving vehicles to begin charging fares.

     

    The company claimed to be the country’s first autonomous driving company.

     

    The company said that it has been granted a licence to operate 100 self-driving vehicles in the Nansha neighbourhood of Guangzhou.

     

    According to the company’s announcement, in Nansha, autonomous cars will begin charging fees across the district’s 800 square kilometres. Pony.ai’s own app allows passengers to summon and pay for rides.

     

    Pony.ai plans to deploy those cars with safety drivers at first, but expects to remove them in the short to medium term.

     

    Hyundai Motor Group has announced that it will test a RoboRide car-hailing service in Gangnam, Seoul, South Korea, using IONIQ 5 battery electric cars (BEVs) with level 4 autonomous driving technology developed in-house.

     

     The RoboRide trial will be the first car-hailing service using self-driving vehicles to operate in Gangnam, one of Seoul’s most crowded regions.

     

    The Group has received a temporary autonomous driving operation permission from Korea’s Ministry of Land, Infrastructure and Transport (MOLIT) for the pilot service. 

     

    It will work with Jin Mobility, a Korean business that runs the ‘i.M.’ car-hailing mobility platform powered by artificial intelligence (AI). On its i.M application, Jin Mobility will be in charge of operating the two IONIQ 5 RoboRide machines.

     

    GLOBAL ROBO TAXI MARKET SEGMENTATION

    The Global Robo taxi Market can be segmented into following categories for further analysis.

    By Application

    • Goods Services
    • Transportation Services
    • Passenger Transportation Services

     

    By Product Type

    • Level 4 Automation
    • Level 5 Automation

     

    By Technology Focus Type

    • Camera Technology
    • RADAR Technology
    • LIDAR Technology
    • Ultrasonic Sensor Technology

     

    By Architecture Type

    • Hybrid Propulsion Vehicle
    • BEV

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL ROBOTAXI MARKET

    In recent years, there have been several advancements in car automation technology, including automated braking, automated cruise control, intelligent traffic assistance, and lane-keeping assist systems.

     

    The innovation of self-driving cars (AVs) has the potential to transform highway safety by lowering the frequency of traffic accidents caused by negligence. Several firms throughout the world have worked to create Robo-taxi technologies.

     

    Furthermore, Robo-taxis, a sort of shareable autonomous vehicle (SAV), have the potential to significantly reduce parking challenges and private automobile possession rates.

     

    infographic: Robo Taxi Market, Robo Taxi Market Size, Robo Taxi Market Trends, Robo Taxi Market Forecast, Robo Taxi Market Risks, Robo Taxi Market Report, Robo Taxi Market Share

     

    The current technology within the Robo taxi is focused on pricing proper data analysis and storage systems. Current sophisticated automated driving systems are built on characteristics that have grown in capability over time, although they do not always rely on AI.

     

    Driverless cars, on the other hand, are born in the data centre. To function in hundreds of settings throughout the globe, rigorous DNN education with terabytes of data is required.

     

    And as the quantity of AVs on the road grows, so does the volume of data collect. To put this in perspective, a fleet of 50 cars travelling six hours each day produces around 1.6 petabytes of sensor information every day. 

     

    The NVIDIA DRIVE Sim with NVIDIA DRIVE Constellation automated driving simulators provide a robust, sophisticated, and diversified test environment. DRIVE Sim is an online system featuring plug-ins via partner organizations for third-party simulations, enabling users to customise it for their own use applications.

     

    A centralized AI computing architecture allows for the simultaneous execution of the numerous and diversified DNNs required to replace the human driver.

     

    COMPETITIVE LANDSCAPE

    Implementing a comprehensive Robotaxi system necessitates large expenditures because to the high cost of components including such ultrasonic sensors, cameras, and LiDAR. The implementation and acceptance of Robotaxi fleets is a time-consuming and difficult process.

     

    A Robotaxi is needed to accommodate massive volumes of sensor information, which is over 100 times greater than that required by the most sophisticated automobiles widely available.

     

    The sophistication of software is expanding at an accelerating rate, with several Deep Neural Networks (DNNs) operating concurrently as part of the product stack.

     

    Hyundai is one of the leading developer within the automotive market working upon the Robotaxi technologies implementation. The IONIQ 5 Robotaxi is worldwide expandable and commercially ready.

     

    The IONIQ 5 Robotaxi is an SAE Level 4 emerging technology that really can operate itself. The very first major advantage of independent Robotaxi is its safety.

     

    By reducing accidents caused by negligence, driverless technology would greatly increase road safety. The interior of the IONIQ 5 Robotaxi, which is built on Hyundai’s Electric Global Modular Platform (E-GMP), would provide commuters with an expansive, convenient space to work, relax, or socialise during his\her fully autonomous ride.

     

    The inside will also have a suite of rider-focused modern civilization, allows travellers to engage with the car naturally throughout their voyage.

     

    Baidu is also a leading developer in the global market of Robotaxi. It has most recently brought into the market, a varied class of technologically advanced systems of Robotaxi.

     

    The Apollo Moon Robotaxi programs make use of a prominent navigational pilot technology to lower the weight of autonomous car kits while exchanging autonomous navigation automobile information to establish a closed-loop information transfer.

     

    It has increased the mileage of its safe road tests from 6 to 18 million kilometres, which is a big success for Baidu Apollo in the development of self – driving technologies.

     

    Furthermore, Baidu announced its new 5G remote operating for organisations, which increases the number of unmanned vehicles that can be supported in a single situation to three.

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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