Robo-Taxi Market worth 3,830,912 units by 2030
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Robo-Taxi Market worth 3,830,912 units by 2030
https://www.marketsandmarkets.com/Market-Reports/robo-taxi-mark
et-132098403.html
 
The report "Robo-Taxi Market by Application (Goods and Passenger), Level 
of Autonomy (L4 and L5), Vehicle (Car and Shuttle/Van), Service (Rental 
and Station Based), Propulsion (Electric, Hybrid, and Fuel Cell), 
Component, and Region - Global Forecast to 2030" 
The global robo-taxi market is projected to grow from 2,024 units in 2020 
to reach 3,830,912 units by 2030, at a CAGR of 112.67%. The growth of 
the robo-taxi market is influenced by the rising demand for ride-hailing 
services, high R&D investments, and government focus on reducing 
emissions, infrastructure development, and growth of the electrification 
of vehicles.
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Browse 79 market data Tables and 47 Figures spread through 
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axi-market-132098403.html
 
Car is expected to grow at the fastest CAGR
The car segment is expected to be the largest and the fastest market. 
This is due to the testing of robo-taxis more for cars rather than big 
transport vehicles. Waymo recently became the first company to charge 
regular people for rides in self-driving “Waymo One”, which though had 
human backup drivers. Another example is Chrysler, which has ordered 
thousands of Chrysler Pacifica Hybrid minivans to Waymo. The 
collaboration will open a new business model for companies developing or 
working on robo-taxi. Uber placed an order for 24,000 Volvo XC90 SUVs 
for autonomous ridesharing services to scale its market share in 
autonomous vehicle. Additionally, the rising demand for shared mobility 
will also fuel the overall market demand for self-driving cars.
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Passenger Transportation is expected to lead the robo-taxi 
market 
Although, countries worldwide have already started operations for goods 
transportation, but passenger transportation is estimated to be the 
fastest and the largest growing market. This is due to the developments, 
testing, and deployments being more for passenger transportation 
compared to goods. Companies such as Uber, Lyft, DiDi, and Baidu are 
the major ride-hailing service providers which will boost the market 
demand for passenger transportation. Also, most companies are 
concentrating on Mobility As A Service (MAAS). For instance, the venture 
by e.GO Mobile AG and ZF Friedrichshafen planned to start series 
production of e.GO People Mover by the end of 2019 in Germany. This 
vehicle will be deployed as robo-taxis by transportation operator 
Transdev in Germany. Oxbotica, an autonomous vehicle software 
company and Addison Lee, a London-based private hire taxi company, 
partnered to launch self-driving taxis by 2021.
The self-driving taxi manufacturers include Waymo LLC (US), Aptiv 
(Ireland), GM Cruise (US), Ridecell, Inc (US), Uber Technologies Inc. (US), 
NAVYA (France), and EasyMile (France).
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