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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The robotaxi market is segmented on the basis of level of automation, application, and propulsion. Based on level of automation, the robotaxi market is segmented into L4 robotaxi and L5 robotaxi. Based on application, the robotaxi market is segmented into goods and passenger. Based on propulsion, the market is segmented electric and fuel cell. Based on propulsion, the electric robotaxis are anticipated to hold considerable share during the forecast period.
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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.
Global Robotaxi Market – Segmentation
by Level of Automation
Global Robotaxi Market – Segmentation by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World
Aurora Innovation Inc.
Didi Chuxing Technology Co.
Ford Motor Company
Hyundai Motor Company
Uber Technologies Inc.
ZF Friedrichshafen AG
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