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Research Reports

Robo-Taxi Market Expected To Witness a Sustainable Growth by 2030 – TMR Insights

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Transparency Market Research has published a new report on the robo-taxi market for the forecast period of 2019–2030. According to the report, the global robo-taxi market is projected to reach a value of ~US$ 15 Bn by 2030, expanding at a CAGR of ~58% during the forecast period of 2019 to 2030.

Global Robo-Taxi Market: Overview

  • According to the report, the global robo-taxi market is likely to be driven by the demand for reduction in the total cost of ownership by ride-hailing companies.
  • The emergence of new business models, such as ‘mobility as a service’, are offering significant opportunities to automakers instead of one-time vehicle sales. Automakers are trying to introduce autonomous vehicles in taxi services to improve consumer service, offer ride-service at lower costs, and lower the operating cost of the service.
  • Key players such as Uber Inc., Waymo, Baidu, and Easy Mile are successfully conducting pilot projects on robo-taxis, and are expected to lead the global robo-taxi market.

Expansion of Global Robo-Taxi Market

Based on application, the global robo-taxi market has been bifurcated into public transport and others. The rising adoption of autonomous vehicles in ride-hailing services and shared mobility is projected to drive the public transport segment, and subsequently, the robo-taxi market. Robo-taxis are also being utilized to commute shorter distance within business parks, universities, industrial sites, amusement parks, and residential townships.

Based on vehicle, the global robo-taxi market has been classified into cars and shuttles. The cars segment is anticipated to hold a dominant share of the global robo-taxi market, with companies such as Uber Inc., Waymo, Baidu, and Pony.ai launching robo-taxis for the markets in North America and Asia Pacific. The shuttles segment holds a significant share of the robo-taxi market, as autonomous vehicles are being adopted to serve geo-fenced areas such as industrial parks, airports, and universities.

Regional Analysis of Global Robo-Taxi Market

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Prominent players operating in the global robo-taxi market include Waymo LLC, Aptiv, NAVYA, Uber Technologies, GM Cruise, EasyMile, MOIA, Baidu, Tesla, DiDi, and AB Volvo.

The global robo-taxi market has been segmented as follows:

  • Robo-Taxi Market by Autonomy
      • Level 4
      • Level 5
  • Robo-Taxi Market by Fuel
      • ICE
      • Hybrid
      • Fully Electric
  • Robo-Taxi Market by Application
      • Public Transport
      • Others
  • Robo-Taxi Market by Vehicle
    • Cars
    • Shuttles

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About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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