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The size of the global self-driving taxi market is expected to grow by 78,588 units and reach 2024 according to Technavio. This marks significant market growth over 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Furthermore, steady growth is expected to continue throughout the forecast period and the market to grow at a CAGR of 83%. Request a free sample report on the impacts of COVID-19
This press release features multimedia content. View the full release here: https://www.businesswire.com/news/home/20201204005400/en/
Technavio announced its latest market research report titled Global Driverless Taxi 2020-2024 (Graph: Business Wire)
Read the 120-page report with the summary on the “Driverless Taxi Market Analysis Report by Range (SAE Level 3 and SAE Level 4 and 5) and Geography (North America, Europe, APAC, South America and MEA) and sector forecasts, 2020-2024 “.
https://www.technavio.com/report/self-driving-taxi-market-industry-analysis
The market is driven by the maturation of the autonomous vehicle concept. Additionally, supporting regulations for self-driving cars are expected to boost the growth of the self-driving taxi market.
Companies such as Delphi, Continental, Bosch, Daimler, Scania and Volvo are working to expand the concept of autonomous driving. These campaigns and promotions have expanded market acceptance of semi-autonomous functions in passenger and commercial vehicles. Self-driving cars could become a reality towards the end of the forecast period, and in a decade it should be possible to see a considerable number of self-driving vehicles. The automotive majors are already at an advanced stage to achieve such a reality. In addition, the growth rate in the development and testing of a wide range of features in ADAS and telematic / connected vehicle applications and services will only increase, which should boost the growth prospects for autonomous Tier 3 vehicles. Therefore, the maturation of the autonomous vehicle concept will stimulate the growth of the self-driving taxi market during the forecast period.
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Top five self-driving taxi companies:
Alphabet Inc.
Alphabet Inc. has commercial operations in two segments: Google and other betting. The company is committed to the development of autonomous driving technologies, including self-driving taxis.
Fiat Chrysler Automobiles NV
Fiat Chrysler Automobiles NV operates its business in various segments such as North America, LATAM, APAC, EMEA and Maserati. The company is engaged in the development of automotive driving technologies, including self-driving taxis.
Ford Motor Co.
Ford Motor Co. operates in three segments: automotive, mobility and Ford credit. The company is a major supplier, playing an important role in the evolution of the autonomous vehicle concept. In June 2020, the company and Volkswagen signed agreements to expand their global alliance and meet the rapidly changing needs of their respective customers in Europe and other regions.
General Motors Co.
General Motors Co. operates through various segments such as GM North America (GMNA), GM International (GMI), Cruise and GM Financial. In July 2020, the company and Mobileye Technologies Ltd. expanded their relationship to offer even better camera-based sensing capabilities for driver assistance systems, including improved forward collision warning, vehicle, pedestrian and cyclist detection. , plus lane keeping functionality.
Lyft Inc.
Lyft Inc. offers a line of solutions that enable customers to design, manage and pay for ground transportation programs that contribute to productivity and satisfaction by reducing costs, improving transparency and streamlining operations. The company is committed to the development of autonomous driving technologies, including the self-driving taxi.
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Perspectives of the level of autonomy of the self-driving taxi market (revenue, units, 2020-2024)
Regional outlook for the self-driving taxi market (revenue, units, 2020-2024)
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North America: dimensions and forecasts 2019-2024
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Europe: dimensions and forecasts 2019-2024
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APAC – dimensions and forecasts 2019-2024
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South America: dimensions and forecasts 2019-2024
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MEA – dimensions and forecasts 2019-2024
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201204005400/en/
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