Robot Taxi Market to Exceed $24.3 Billion by 2029 Exclusive Report by Accuracy Consultancy

Luton, Bedfordshire, UK, August 01, 2022 (GLOBE NEWSWIRE) — Accuracy Consultancy, the market research and advisory wing of Improve Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Robot Taxi Market.The global robot taxi market size is expected to grow at a CAGR of 62.8% from 2020 to 2029. It is expected to reach over USD 24.3 billion by 2029, from USD 12.4 billion in 2020.

Robot taxis are self-driving, self-driving vehicles used as taxis and operated by on-demand mobility services. They are autonomous vehicles that do not require human intervention to operate. The development of automotive automation has increased the demand for self-driving cars, which has contributed to the expansion of robo-taxi services worldwide. Additionally, the popularity of self-driving vehicles with consumers has prompted companies to create automobiles that do not require a human driver.

The robot taxi market is booming owing to the growing preference for new mobility services such as ride-sharing in urban areas. Additionally, one of the major drivers of market growth is the development of self-driving technologies that enable unique types of mobility. Urban areas have a high demand for automation, electrification and networking, which enables and shapes the robo taxi market.

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The Asia-Pacific region is leading the global robot taxi market owing to the growing demand for robot taxis and government attention to environment and vehicle safety. Additionally, improving public transportation infrastructure with rapid economic growth and urbanization in developing countries is accelerating the region’s market share. With a steadily growing population, China, Japan and Singapore account for notable regional market shares.

Industry Outlook:

May 2021: Baidu launched its first driverless commercial robotaxi service in Beijing, China.

January 2021: AutoX has unveiled its driverless commercial taxi service, robotaxi, in Shenzhen, China. The service should be available to the public in Shenzhen.

Within the scope of Robo Taxi market segmentation, our study presents market analysis based on type, market application and historical data:

Attributes Details (current scenario)
base year 2020-2021
Historical data 2019-2020
Forecast period 2022-2029
Regions covered

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa
By type/function

By app
  • Haulage
  • Passenger transport
CAGR (XX%) 6.9 % (Analysis of the current market)
Personalization available Yes, the report can be customized according to your needs. (Free 15% customization)
delivery format PDF and Excel by e-mail

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Important Features Offered and Report Highlights:

– Detailed overview of the portable robot taxi market

– Changing industry market dynamics

– In-depth market segmentation by type, application, etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Portable Robot Taxi market

– Strategies of key players and product offerings

– Potential and niche segments/regions showing promising growth.

Finally, the researchers shed light on the precise analysis of the global dynamics of robot taxis. It also measures enduring trends and platforms that are driving market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter’s five analyses, the market has been thoroughly analyzed. It also helps in dealing with the risks and challenges faced by businesses. Also, it offers in-depth research on sales approaches.

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