What is Autonomous Ride-sharing Services Market Scope?
Autonomous ride-sharing services are for autonomous vehicles to drive themselves to a specific location. Ride-sharing is a type of mobility service where a commuter travels along with other passengers. Changing lifestyle and adoption of autonomous ride-sharing services. Rapid growth in autonomous vehicle adoption, reduced risks, more convenience, and relaxed regulation, are the major factors driving the market of autonomous ride-sharing services.
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The Autonomous Ride-sharing Services market study is being classified, by Application (Public Transportation and Private Transportation) and major geographies with country level break-up.
The global autonomous ride-sharing services market is fragmented due to its benefits, such as reduced risks, more convenience, and relaxed regulations. So the players are focusing on technological advancements such as, improvements in wireless technology. These will enhance their market presence. Each company brings the scale, knowledge, and capability in the area of autonomous ride-sharing services to make autonomous ride-hailing. The companies are also planning strategic activities like partnerships, mergers, and acquisitions and it maintains their growth at a competitive edge. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Autonomous Ride-sharing Services market throughout the predicted period.
Tesla, Inc. (United States), Microsoft Corporation (United States), Baidu (China), Motional (United States), Uber (United States), AutoX (United States), Optimus Ride (United States), Arity (United States), WiTricity (United States) and Cruise (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Autonomous Ride-sharing Services market by Type, Application and Region.
On the basis of geography, the market of Autonomous Ride-sharing Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On, 27th April 2021, Toyota announced the acquisition of Uber rival Lyft for USD 550 million, as the autonomous car division of the ride-hailing platform. Toyota has provided USD 200 million to Lyft and USD 350 million will be paid out to Lyft over five years. Toyota has agreed to use Lyft’s fleet data and platform for commercial services.
On 10th January 2022, Lyft, Ford Motor Company, and Argo AI launches autonomous ride-share services in the Floridian city of Miami with service expansion to Austin. This launch delivers the commitment to deploy ford’s autonomous vehicles, powered by the Argo AI self-driving system, on Lyft’s ride-sharing network.
Influencing Market Trend
- Robust Growth of Shared Ride-Hailing, and Micro mobility, as well as Various Forms of Microtransit and Car Sharing
- Advancements in Technologies in Autonomous Ride-Sharing Services
- Exploding Popularity of Autonomous Ride-sharing, due to Factors such as Increasing Urbanization, Rising Traffic Congestion, and a Lower Rate of Car Ownership amongst Millennials
- Implementations of Autonomous Ride-Sharing Services by Millennials to Safe, Affordable, and Eco-Friendly Transportation
- Rapid Shift towards Urban Mobility Services
- High Demand from the Emerging Economies
- Fluctuations in the Transport Policies across the Countries
- Concerns with the Hackers and other Cyber Threats
- Challenges in Training Algorithms
Key Target AudienceAutonomous Ride-sharing Services Providers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. Who are the prominent players of the Global Autonomous Ride-sharing Services market?
The prominent players of Global Autonomous Ride-sharing Services market are Tesla, Inc. (United States), Microsoft Corporation (United States), Baidu (China), Motional (United States), Uber (United States), AutoX (United States), Optimus Ride (United States), Arity (United States), WiTricity (United States) and Cruise (United States), to view complete player list click here
2. What are the top priorities to focus for Autonomous Ride-sharing Services markets growth?
In this highly competitive & fast evolving Autonomous Ride-sharing Services industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.
3. Who are the potential customers in Autonomous Ride-sharing Services Market?
Public Transportation and Private Transportation are the potential customers of Autonomous Ride-sharing Services industry.