The global robotaxi market is anticipated to exhibit exponential CAGR of 109.5% during the forecast period (2021-2027). The robotaxi is a self driving taxi that takes leverage of AI, ML, Iot and other technologies for ride-hailing. The rising trend of autonomous vehicle, zero emission vehicles, and new mobility models in the automobile sector has flourished the investment in the field of robotaxi market. With the hike in the success rate of robotaxis, these taxis will proved to be the highly adopted means of ride-hailing for being convenient and personalized means of transportation. However, robotaxis are still under its development phase and it is yet to face several challenges over roads before making entrance on roads.
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Under the comprehensive management plan for automated vehicle initiatives the US government had built AV 3.0. Built upon automated driving systems AV 3.0 is a Vision for Safety 2.0 (ADS 2.0) and expands the scope to provide an USDOT framework and multimodal approach to the safe integration of AVs into the Nation’s broader surface transportation system. Such type of cohesive government policies for the uptake of autonomous vehicles is expected to promote the growth of the robotaxi market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Robotaxi Market Report Segment
By level of Automation
- L4 Robotaxi
- L5 Robotaxi
By Application
- Goods
- Passenger
By Propulsion
- Electric
- Fuel Cell
Global Robotaxi Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global robotaxi market. Based on the availability of data, information related to pipeline projects, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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