The global robo-taxi market was valued at USD 399.3 million in 2019 and is expected to reach USD 29.08 billion by 2027, growing at a CAGR of 61% from 2021 to 2027. The growing demand for vehicle services has led to the growth of the market. Autonomous vehicles will also help optimize costs for vehicle operators. New business models such as mobility as a service will provide another sustainable and profitable revenue stream in the future.
A full report of Robotaxi Market available at: https://www.orionmarketreports.com/robotaxi-market/58932/
Robotaxi Market – Segmentation
Based on Application Type:
• Goods Transportation
• Passenger Transportation
• Based on Level of Autonomy:
• Level 4
• Level 5
Based on Vehicle Type:
• Car
• Shuttle/Van
Based on Propulsion:
• Electric
• Hybrid
• Fuel Cell
Based on Service Type:
• Car Rental
• Station Based
Based on Component Type:
• Camera
• Radar
• LiDAR
• Ultrasonic Sensors
Key Market Players
The global The robotaxi market is dominated by global players such as Waymo (US), Cruise LLC (US), Baidu (China), AutoX (China), and Tesla (US). These companies develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in the high-growth robotaxi market.
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