This report describes and explains the robo taxis market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global robo taxis market reached a value of nearly $1.18 billion in 2024. The market is expected to grow from $1.18 billion in 2024 to $17.18 billion in 2029 at a rate of 70.64%. The market is then expected to grow at a CAGR of 70.96% from 2029 and reach $251.03 billion in 2034.
Growth in the historic period resulted from the rise in adoption of electric vehicles, expansion of charging infrastructure, favorable government regulations and incentives and increasing consumer preference for shared mobility. Factors that negatively affected growth in the historic period were high initial investment and development costs and safety concerns and public skepticism about self-driving technology.
Going forward, the rising number of connected vehicles, rising demand for ride-hailing services, rising traffic congestion in urban areas and rising adoption of automation in fleet management will drive the growth. Factor that could hinder the growth of the robo taxis market in the future include cybersecurity risks and data privacy issues and lack of infrastructure for autonomous vehicle operations.
North America was the largest region in the robo taxis market, accounting for 73.41% or $872.09 million of the total in 2024. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the robo taxis market will be Middle East and Asia-Pacific where growth will be at CAGRs of 98.65% and 97.10% respectively. These will be followed by Western Europe and North America where the markets are expected to grow at CAGRs of 90.40% and 55.52% respectively.
The global robo taxis markets is concentrated, with large players operating in the market. The top 10 competitors in the market made up 44.29% of the total market in 2023. Waymo LLC was the largest competitor with a 6.76% share of the market, followed by Baidu Inc. with 6.12%, Zoox Inc. with 5.38%, Uber Technologies Inc. with 5.11%, Beijing Didi Chuxing Technology Co. Ltd. with 3.85%, Tesla Inc. with 3.75%, EasyMile Inc. with 3.68%, Nuro Inc. with 3.66%, Pony.ai Inc. with 3.05% and MOIA GmbH with 2.94%.
The robo taxis market is segmented by type into L4 robo-taxi and L5 robo-taxi. The L4 robo-taxi market was the largest segment of the robo taxis market segmented by type, accounting for 100% or $1.18 billion of the total in 2024. Going forward, the L4 robo-taxi segment is expected to be the fastest growing segment in the robo taxis market segmented by type, at a CAGR of 52.07% during 2024-2029.
The robo taxis market is segmented by vehicle type into car and shuttle/van. The car market was the largest segment of the robo taxis market segmented by vehicle type, accounting for 94.29% or $1.12 billion of the total in 2024. Going forward, the shuttle/van segment is expected to be the fastest growing segment in the robo taxis market segmented by vehicle type, at a CAGR of 105.09% during 2024-2029.
The robo taxis market is segmented by service into rental-based and station-based. The rental-based market was the largest segment of the robo taxis market segmented by service, accounting for 98.09% or $1.16 billion of the total in 2024. Going forward, the station-based segment is expected to be the fastest growing segment in the robo taxis market segmented by service, at a CAGR of 100.13% during 2024-2029.
The robo taxis market is segmented by propulsion into electric vehicle, fuel cell vehicle and hybrid electric vehicle. The electric vehicle market was the largest segment of the robo taxis market segmented by propulsion, accounting for 79.96% or $949.95 million of the total in 2024. Going forward, the electric vehicle segment is expected to be the fastest growing segment in the robo taxis market segmented by propulsion, at a CAGR of 75.52% during 2024-2029.
The robo taxis market is segmented by application into goods transportation and passenger transportation. The passenger transportation market was the largest segment of the robo taxis market segmented by application, accounting for 94.80% or $1.12 billion of the total in 2024. Going forward, the goods transportation segment is expected to be the fastest growing segment in the robo taxis market segmented by application, at a CAGR of 105.05% during 2024-2029.
The top opportunities in the robo taxis market segmented by type will arise in the L4 robo-taxi segment, which will gain $15.15 billions of global annual sales by 2029. The top opportunities in the robo taxis market segmented by vehicle type will arise in the car segment, which will gain $13.6 billions of global annual sales by 2029. The top opportunities in the robo taxis market segmented by service will arise in the rental-based segment, which will gain $15.29 billions of global annual sales by 2029. The top opportunities in the robo taxis market segmented by propulsion will arise in the electric vehicle segment, which will gain $14.87 billions of global annual sales by 2029. The top opportunities in the robo taxis market segmented by application will arise in the passenger transportation segment, which will gain $13.82 billions of global annual sales by 2029. The robo taxis market size will gain the most in the USA at $6.18 billion.
Market-trend-based strategies for the robo taxis market include focus on developing innovative advancements, focus on developing cutting-edge solutions, focus on development of innovative advancements, such as fully autonomous robotaxis, focus on developing innovative solutions fully autonomous ride-hailing service and focus on developing strategic collaborations.
Player-adopted strategies in the robo taxis market include focus on expanding business capabilities through partnership to expand its operational capabilities and focus on expanding manufacturing capabilities through innovative launch.
To take advantage of the opportunities, the analyst recommends the robo taxis focus on developing next-generation autonomous technology to enhance urban mobility, focus on expanding access and enhancing public trust, focus on developing fully autonomous robotaxis, focus on expanding fully autonomous ride-hailing services, expand in emerging markets, continue to focus on developed markets, focus on expanding strategic collaborations to enhance distribution channels, focus on optimizing pricing strategies for robo-taxi companies, focus on targeting early adopters and tech-savvy consumers, focus on collaboration with transportation and urban mobility stakeholders, focus on targeting urban commuters and tech-savvy individuals.
The global robo taxis market reached a value of nearly $1.18 billion in 2024. The market is expected to grow from $1.18 billion in 2024 to $17.18 billion in 2029 at a rate of 70.64%. The market is then expected to grow at a CAGR of 70.96% from 2029 and reach $251.03 billion in 2034.
Growth in the historic period resulted from the rise in adoption of electric vehicles, expansion of charging infrastructure, favorable government regulations and incentives and increasing consumer preference for shared mobility. Factors that negatively affected growth in the historic period were high initial investment and development costs and safety concerns and public skepticism about self-driving technology.
Going forward, the rising number of connected vehicles, rising demand for ride-hailing services, rising traffic congestion in urban areas and rising adoption of automation in fleet management will drive the growth. Factor that could hinder the growth of the robo taxis market in the future include cybersecurity risks and data privacy issues and lack of infrastructure for autonomous vehicle operations.
North America was the largest region in the robo taxis market, accounting for 73.41% or $872.09 million of the total in 2024. It was followed by Western Europe, Asia-Pacific and then the other regions. Going forward, the fastest-growing regions in the robo taxis market will be Middle East and Asia-Pacific where growth will be at CAGRs of 98.65% and 97.10% respectively. These will be followed by Western Europe and North America where the markets are expected to grow at CAGRs of 90.40% and 55.52% respectively.
The global robo taxis markets is concentrated, with large players operating in the market. The top 10 competitors in the market made up 44.29% of the total market in 2023. Waymo LLC was the largest competitor with a 6.76% share of the market, followed by Baidu Inc. with 6.12%, Zoox Inc. with 5.38%, Uber Technologies Inc. with 5.11%, Beijing Didi Chuxing Technology Co. Ltd. with 3.85%, Tesla Inc. with 3.75%, EasyMile Inc. with 3.68%, Nuro Inc. with 3.66%, Pony.ai Inc. with 3.05% and MOIA GmbH with 2.94%.
The robo taxis market is segmented by type into L4 robo-taxi and L5 robo-taxi. The L4 robo-taxi market was the largest segment of the robo taxis market segmented by type, accounting for 100% or $1.18 billion of the total in 2024. Going forward, the L4 robo-taxi segment is expected to be the fastest growing segment in the robo taxis market segmented by type, at a CAGR of 52.07% during 2024-2029.
The robo taxis market is segmented by vehicle type into car and shuttle/van. The car market was the largest segment of the robo taxis market segmented by vehicle type, accounting for 94.29% or $1.12 billion of the total in 2024. Going forward, the shuttle/van segment is expected to be the fastest growing segment in the robo taxis market segmented by vehicle type, at a CAGR of 105.09% during 2024-2029.
The robo taxis market is segmented by service into rental-based and station-based. The rental-based market was the largest segment of the robo taxis market segmented by service, accounting for 98.09% or $1.16 billion of the total in 2024. Going forward, the station-based segment is expected to be the fastest growing segment in the robo taxis market segmented by service, at a CAGR of 100.13% during 2024-2029.
The robo taxis market is segmented by propulsion into electric vehicle, fuel cell vehicle and hybrid electric vehicle. The electric vehicle market was the largest segment of the robo taxis market segmented by propulsion, accounting for 79.96% or $949.95 million of the total in 2024. Going forward, the electric vehicle segment is expected to be the fastest growing segment in the robo taxis market segmented by propulsion, at a CAGR of 75.52% during 2024-2029.
The robo taxis market is segmented by application into goods transportation and passenger transportation. The passenger transportation market was the largest segment of the robo taxis market segmented by application, accounting for 94.80% or $1.12 billion of the total in 2024. Going forward, the goods transportation segment is expected to be the fastest growing segment in the robo taxis market segmented by application, at a CAGR of 105.05% during 2024-2029.
The top opportunities in the robo taxis market segmented by type will arise in the L4 robo-taxi segment, which will gain $15.15 billions of global annual sales by 2029. The top opportunities in the robo taxis market segmented by vehicle type will arise in the car segment, which will gain $13.6 billions of global annual sales by 2029. The top opportunities in the robo taxis market segmented by service will arise in the rental-based segment, which will gain $15.29 billions of global annual sales by 2029. The top opportunities in the robo taxis market segmented by propulsion will arise in the electric vehicle segment, which will gain $14.87 billions of global annual sales by 2029. The top opportunities in the robo taxis market segmented by application will arise in the passenger transportation segment, which will gain $13.82 billions of global annual sales by 2029. The robo taxis market size will gain the most in the USA at $6.18 billion.
Market-trend-based strategies for the robo taxis market include focus on developing innovative advancements, focus on developing cutting-edge solutions, focus on development of innovative advancements, such as fully autonomous robotaxis, focus on developing innovative solutions fully autonomous ride-hailing service and focus on developing strategic collaborations.
Player-adopted strategies in the robo taxis market include focus on expanding business capabilities through partnership to expand its operational capabilities and focus on expanding manufacturing capabilities through innovative launch.
To take advantage of the opportunities, the analyst recommends the robo taxis focus on developing next-generation autonomous technology to enhance urban mobility, focus on expanding access and enhancing public trust, focus on developing fully autonomous robotaxis, focus on expanding fully autonomous ride-hailing services, expand in emerging markets, continue to focus on developed markets, focus on expanding strategic collaborations to enhance distribution channels, focus on optimizing pricing strategies for robo-taxi companies, focus on targeting early adopters and tech-savvy consumers, focus on collaboration with transportation and urban mobility stakeholders, focus on targeting urban commuters and tech-savvy individuals.
Major Market Trends
- Next-Gen Robotaxis Revolutionizing Urban Mobility With Cutting-Edge Autonomous Technology
- Fully Autonomous Ride-Hailing Expands, Transforming Urban Mobility and Transportation Safety
- Revolutionizing Urban Mobility With Fully Autonomous and Cost-Effective Robotaxis
- China's First Full-Time Autonomous Ride-Hailing Service Revolutionizes Urban Mobility
- Strategic Partnership Boosts Safety and Scalability of Autonomous Robotaxis
Key Mergers and Acquisitions
- General Motors (GM) Acquired Cruise
- Robert Bosch GmbH Acquired Five AI
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Robo Taxis Growth Analysis and Strategic Analysis Framework
9 Robo Taxis Market Segmentation
10 Robo Taxis Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape and Company Profiles
19 Other Major and Innovative Companies
22 Key Mergers and Acquisitions
23 Recent Developments in the Robo Taxis Market
24 Opportunities and Strategies
25 Robo Taxis Market, Conclusions and Recommendations
26 Appendix
Executive Summary
Robo Taxis Global Market Opportunities and Strategies to 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global robo taxis market.Reasons to Purchase
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Description
Where is the largest and fastest-growing market for robo taxis? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The robo taxis market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider robo taxis market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component type, by service, by propulsion and by application.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis and Strategic Analysis Framework - Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional and Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by component type, by service, by propulsion and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major and Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments - Information on recent developments in the market covered in the report.
- Market Opportunities and Strategies - Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations - This section includes recommendations for robo taxis providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Type: L4 Robo-Taxi; L5 Robo-Taxi2) by Vehicle Type: Car; Shuttle/Van
3) by Service: Rental-Based; Station-Based
4) by Propulsion: Electric Vehicle; Fuel Cell Vehicle; Hybrid Electric Vehicle
5) by Application: Goods Transportation; Passenger Transportation
Key Companies Profiled: Waymo LLC; Baidu Inc.; Zoox Inc.; Uber Technologies Inc.; Beijing Didi Chuxing Technology Co. Ltd.
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; robo taxis indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
to take advantage of the opportunities, the Business Research Company recommends the robo taxis focus on developing next-generation autonomous technology to enhance urban mobility, focus on expanding access and enhancing public trust, focus on developing fully autonomous robotaxis, focus on expanding fully autonomous ride-hailing services, expand in emerging markets, continue to focus on developed markets, focus on expanding strategic collaborations to enhance distribution channels, focus on optimizing pricing strategies for robo-taxi companies, focus on targeting early adopters and tech-savvy consumers, focus on collaboration with transportation and urban mobility stakeholders, focus on targeting urban commuters and tech-savvy individuals.
Companies Mentioned
The companies featured in this Robo Taxis market report include:- Waymo LLC
- Baidu Inc.
- Zoox Inc.
- Uber Technologies Inc.
- Beijing Didi Chuxing Technology Co. Ltd.
- Tesla Inc.
- EasyMile Inc.
- Nuro Inc.
- Pony.ai Inc.
- MOIA GmbH
- Hyundai Motor Company
- Nissan Motor Corporation
- NAVYA Group
- DiDi Global
- RoboSense Technology Co., Ltd
- SAIC Motor Corp., Ltd
- AutoX Inc
- Deeproute
- Toyota Motor Corporation
- Tata Elxsi
- GAC Toyota Motor Co., Ltd
- TIER IV
- SWM
- EasyMile SAS
- Volkswagen Group
- Aptiv PLC
- ZF Friedrichshafen AG
- Nissan Motor
- Mobileye
- Nvidia Corporation
- Continental AG
- Robert Bosch GmbH
- Cabify
- Yandex Taxi
- Blacklane GmbH
- Uber Technologies
- Oxbotica Ltd
- Volvo Group
- WeRide
- Waymod
- Yandex.Taxi
- Rimac Automobili
- Aptiv
- Yandex LLC
- Hyundai Mobis
- Motional
- Waabi
- Avride
- Waymodl
- Ford Motor Company
- General Motors Companyd
- BorgWarner Inc
- NIO Inc
- Rivian Automotive Inc
- QuantumScape Corporation
- Faraday Future Intelligent Electric Inc
- Magna International Inc
- EHang
- Marcopolo
- Lume Robotics
- Magneti Marelli
- Empresas Revemar
- Loop Brasil
- Primeiro Dono
- Grupo Proeste
- We Ride
- Cruise
- General Motors Company
- Daimler AG
- Lyft Inc
- Cruise LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 326 |
| Published | June 2025 |
| Forecast Period | 2024 - 2034 |
| Estimated Market Value ( USD | $ 1.18 Billion |
| Forecasted Market Value ( USD | $ 251.03 Billion |
| Compound Annual Growth Rate | 70.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 72 |
