{"id":162,"date":"2021-05-13T13:49:11","date_gmt":"2021-05-13T13:49:11","guid":{"rendered":"https:\/\/www.innoviusresearch.com\/blog\/?p=162"},"modified":"2022-03-28T10:51:33","modified_gmt":"2022-03-28T10:51:33","slug":"global-robo-taxi-market","status":"publish","type":"post","link":"https:\/\/www.innoviusresearch.com\/blog\/artificial-intelligence\/global-robo-taxi-market\/","title":{"rendered":"Robo-Taxi Global Market"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">Introduction<\/h5>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Robo-taxis<\/strong> are self-driving taxis that are electric vehicles operated by an on-demand transportation operator. They are self-driving cars that need no human intervention to operate. With the advent of automation in cars, the market for self-driving vehicles has risen, contributing to the global development of robo-taxi.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Global Robo-Taxi Market Size and Potential Growth<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">In 2020, the global Robo-taxi market was valued at $0.50 billion. The global Robo-taxi market is expected to grow and reach $38.6 billion by 2030. <\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6580330613220222\" crossorigin=\"anonymous\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-6580330613220222\" data-ad-slot=\"2367613624\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p class=\"wp-block-paragraph\">During the forecasted period 2021-2030, the global Robo-taxi market will be growing approximately at a <strong>CAGR of 54.44%<\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Increased government policies and investment by the world&#8217;s leading companies in the automation and robotics industries have fueled the development of the global Robo taxi sector.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img decoding=\"async\" src=\"https:\/\/innoviusresearch.s3.ap-south-1.amazonaws.com\/blog\/market-research\/g-6.jpg\" alt=\"Robo-Taxi-Graph-1\"\/><figcaption><em>Global Robo-Taxi Market Size During 2020-2030 ($Billion)<\/em><\/figcaption><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Market Segmentation<\/strong><\/h5>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img decoding=\"async\" src=\"https:\/\/innoviusresearch.s3.ap-south-1.amazonaws.com\/blog\/market-research\/g-1.jpg\" alt=\"Robo-Taxi-Graph-2\"\/><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Global Robo-Taxi Market Share<\/strong><\/h5>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>By Region<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">In <strong>2020,<\/strong> it is estimated that the <strong>North America <\/strong>region captured the highest market share of approximately <strong>36%<\/strong> out of the total global Robo-taxi market. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whereas, the <strong>Asia-Pacific <\/strong>region held approximately <strong>34%<\/strong>, followed by <strong>Europe.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img decoding=\"async\" src=\"https:\/\/innoviusresearch.s3.ap-south-1.amazonaws.com\/blog\/market-research\/g-2.jpg\" alt=\"Robo-Taxi-Graph-3\"\/><figcaption><em>Global Robo-Taxi Market Share, By Region 2020 (%)<\/em><\/figcaption><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>By Level of Autonomy<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">In 2019, it is estimated that the Level 4 segment captured the market share of approximately 98% out of the total global Robo-taxi market by the level of autonomy. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whereas, the <strong>Level 5 <\/strong>segment held approximately <strong>2%<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img decoding=\"async\" src=\"https:\/\/innoviusresearch.s3.ap-south-1.amazonaws.com\/blog\/market-research\/g-3.jpg\" alt=\"Robo-Taxi-Graph-4\"\/><figcaption><em>Global Robo-Taxi Market Share, By Level of Autonomy 2019 (%)<\/em><\/figcaption><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>By Vehicles<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">In 2020, it is estimated that the Car segment captured the market share of approximately 83% out of the total global Robo-taxi market by vehicles. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whereas, the <strong>Shuttle\/Van<\/strong> segment held approximately <strong>17%<\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Car segment is expected to maintain its lead throughout the forecast period 2020-2025.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img decoding=\"async\" src=\"https:\/\/innoviusresearch.s3.ap-south-1.amazonaws.com\/blog\/market-research\/g-4.jpg\" alt=\"Robo-Taxi-Graph-5\"\/><figcaption><em>Global Robo-Taxi Market Share, By Vehicles 2020 (%)<\/em><\/figcaption><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>By Applications<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">In 2020, it is estimated that the Passenger vehicles segment captured the market share of 80% out of the total global Robo-taxi market by applications. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whereas, the <strong>Goods vehicles <\/strong>segment held approximately <strong>20%<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-style-twentytwentyone-border\"><img decoding=\"async\" src=\"https:\/\/innoviusresearch.s3.ap-south-1.amazonaws.com\/blog\/market-research\/g-5.jpg\" alt=\"Robo-Taxi-Graph-6\"\/><figcaption><em>Global Robo-Taxi Market Share, By Applications 2020 (%)<\/em><\/figcaption><\/figure>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Global Robo-Taxi Market Initiative Summary<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">1. It is expected that Tesla will be achieving a Robo-taxi network fleet size of <strong>2.75 million vehicles by 2026<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2. It is expected that <strong>AutoX<\/strong> will be <strong>expanding<\/strong> to <strong>other Chinese cities <\/strong>to test their <strong>Robo-taxi service <\/strong>in 2023-2024.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">3. <strong>Waymo<\/strong> will be <strong>expanding its Robo-taxi service <\/strong>to <strong>other U.S. cities for testing <\/strong>in 2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4. By <strong>2023<\/strong>, it is expected that <strong>Cruise<\/strong> will be launching its first international <strong>Robo-taxi service <\/strong>in <strong>Dubai<\/strong>. The company is backed up by General Motors and Honda. The goal of the company is to scale up to at least <strong>4,000 vehicles <\/strong>in Dubai by 2030.<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Data Sources: <a href=\"http:\/\/www.mordorintelligence.com\" title=\"www.mordorintelligence.com\" target=\"_blank\" rel=\"noreferrer noopener\">Modor Intelligence<\/a>, <a href=\"http:\/\/www.sciencedirect.com\" title=\"www.sciencedirect.com\" target=\"_blank\" rel=\"noreferrer noopener\">Science Direct<\/a>, <a href=\"https:\/\/www.prnewswire.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" title=\"https:\/\/www.prnewswire.com\/\">PRNewswire<\/a><\/strong>, <strong><a href=\"http:\/\/alliedmarketresearch.com\" title=\"alliedmarketresearch.com\" target=\"_blank\" rel=\"noreferrer noopener\">AlliedMarketResearch<\/a><\/strong>, <strong><a href=\"http:\/\/www.fortunebusinessinsights.com\" title=\"www.fortunebusinessinsights.com\" target=\"_blank\" rel=\"noreferrer noopener\">Fortune Business Insights<\/a><\/strong>, <strong><a href=\"http:\/\/www.marketsandmarkets.com\" title=\"www.marketsandmarkets.com\">Markets and Markets<\/a><\/strong>, <strong><a href=\"http:\/\/verifiedmarketresearch.com\" title=\"verifiedmarketresearch.com\">Verified Market Research<\/a><\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><em>To know more about this market study&nbsp;<strong><a href=\"https:\/\/www.innoviusresearch.com\/contact-us.php\">Contact Now<\/a><\/strong><\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read more&nbsp;<strong><a href=\"https:\/\/www.innoviusresearch.com\/blog\/category\/market-report\/\">Market Reports<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction Robo-taxis are self-driving taxis that are electric vehicles operated by an on-demand transportation operator. They are self-driving cars that need no human intervention to operate. With the advent of automation in cars, the market for self-driving vehicles has risen, contributing to the global development of robo-taxi. Global Robo-Taxi Market Size and Potential Growth In&hellip; <a class=\"more-link\" href=\"https:\/\/www.innoviusresearch.com\/blog\/artificial-intelligence\/global-robo-taxi-market\/\">Continue reading <span class=\"screen-reader-text\">Robo-Taxi Global Market<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":173,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[3,7,10],"tags":[],"class_list":["post-162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","category-emerging-technology","category-market-report","entry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"In 2020, the global Robo-taxi market was valued at $0.50 billion. 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