Robotaxi Market, By Application Type, By Vehicle Type, By Component, By Geography

Description

Global robotaxi market is estimated to be valued at US$ 2.58 billion in 2024 and is expected to reach US$ 81.92 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 63.9% from 2024 to 2031.

Figure 1. Robotaxi Market Share (%), By Region, 2024

Global robotaxi market refers to autonomous or self-driving taxis that utilize robotics and artificial intelligence technologies to navigate without a human driver. Robotaxis have the potential to revolutionize urban transportation systems and provide convenient, affordable, and accessible mobility services to more people. By removing the need for a human driver, robotaxis can significantly lower the cost of operating taxi service. These also improve traffic flow and reduce congestion in dense urban areas by increasing vehicle occupancy. With advancements in AI, robotics, and other technologies, major tech companies and automakers are investing heavily in developing commercial robotaxi services that could launch within this decade and reshape the future of transportation.

Market Dynamics:

Global robotaxi market growth is driven by factors like rising investment in autonomous vehicle technologies by major companies, advancements in AI and computer vision, and growing demand for mobility services. However, developing full self-driving capabilities, gaining regulatory approvals, and ensuring cybersecurity can hamper its wider adoption initially. Expanding robotaxi services to new cities, implementing them into existing public transit networks, and leveraging them for last-mile connectivity can offer market growth opportunities. As technologies evolve, costs reduce, and regulations catch up, robotaxis could transform urban transportation over the next 10-15 years.

Key features of the study:

This report provides in-depth analysis of the global robotaxi market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global robotaxi market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Aptiv, AutoX, Baidu, Beijing Didi Chuxing Technology Co., Ltd., BMW, Cruise, Daimler AG, DiDi Chuxing, EasyMile, Ford, General Motors, Hyundai, Lyft, Motional, Inc., Nissan, Tesla, Toyota, Waymo LLC, Zoox, Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global robotaxi market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global robotaxi market

Detailed Segmentation

By Application Type
- Goods Transportation
- Passenger Transportation
By Vehicle Type
- Cars
- Shuttles/Vans
By Component
- Camera
- Radar
- LiDAR
- Ultrasonic Sensors
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Key Players Insights
- Aptiv
- AutoX
- Baidu
- Beijing Didi Chuxing Technology Co., Ltd.
- BMW
- Cruise
- Daimler AG
- DiDi Chuxing
- EasyMile
- Ford
- General Motors
- Hyundai
- Lyft
- Motional, Inc.
- Nissan
- Tesla
- Toyota
- Waymo LLC
- Zoox, Inc.

Product Code: CMI4560

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Application Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Component
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Impact of COVID-19 Pandemic

4. Global Robotaxi Market, By Application Type, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Goods Transportation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Passenger Transportation
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

5. Global Robotaxi Market, By Vehicle Type, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Cars
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Shuttles/Vans
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

6. Global Robotaxi Market, By Component, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Camera
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Radar
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
LiDAR
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)
Ultrasonic Sensors
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Billion)

7. Global Robotaxi Market, By Region, 2019-2031, (US$ Billion)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Application Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Application Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Application Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Application Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Application Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Vehicle Type, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Component, 2019-2031, (US$ Billion)
- Market Size and Forecast, By Country, 2019-2031, (US$ Billion)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Aptiv
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- AutoX
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Baidu
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Beijing Didi Chuxing Technology Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- BMW
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Cruise
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Daimler AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- DiDi Chuxing
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- EasyMile
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Ford
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Motors
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hyundai
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Lyft
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Motional, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Nissan
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Tesla
- Toyota
- Waymo LLC
- Zoox
- Zoox, Inc.

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About us and Sales Contact