A Comprehensive Guide On Robotaxi Market 2023 | Top Players Included: AutoX, Inc., BMW AG, Daimler AG, Hyundai, Tesla, Inc.

Robotaxis, also known as self-driving taxis, are revolutionary autonomous vehicles operated by on-demand mobility services. These vehicles require no human involvement for their operation, representing the cutting edge of automotive technology. As automation in vehicles has been steadily introduced, the demand for self-driving robotaxis has witnessed a substantial increase, propelling their widespread adoption across the globe. Customers have enthusiastically embraced the concept of autonomous vehicles, prompting companies to invest heavily in the development of vehicles that eliminate the need for a human driver. This, in turn, has led to a significant reduction in accidents caused by human errors.

The Global Robotaxi Market was valued at US$ 840.6 million in 2021 and is expected to reach 24,322.8 million by 2028, exhibiting a CAGR of 61.72% between 2021 and 2028.

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At the heart of a robotaxi's capabilities lie its sophisticated sensors, including RADAR, LiDAR, and others. These advanced sensors empower the vehicle to efficiently navigate its surroundings, further bolstering the robotaxi market's growth.

Top Key Players:

• AutoX Inc.
• Baidu
• BMW AG
• Daimler AG
• EasyMile
• Ford Motor Company
• GM Cruise LLC
• Hyundai
• Tesla Inc.
• Waymo LLC

Detailed Segmentation:

Global Robotaxi Market, Vehicle:
‣ Shuttle/Van
‣ Car

Global Robotaxi Market, By Service:
‣ Rental
‣ Station Based

Global Robotaxi Market, By Propulsion:
‣ Electric
‣ Fuel Cell

Global Robotaxi Market, By Component:
‣ LiDAR
‣ RADAR
‣ Camera
‣ Sensor

Global Robotaxi Market, By Application Type:
‣ Goods Transportation
‣ Passenger Transportation

Global Robotaxi Market, By Level of Autonomy:
‣ Level Four
‣ Level Five

Regional Analysis:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of the Middle East and Africa

The global robotaxi market has experienced remarkable growth, driven by increased government initiatives and significant investments from key players in the automation industry. Continuous development and innovations in the field have also fueled the expansion of the robotaxi sector. Startups and established companies alike have contributed positively to the advancements in autonomous vehicle technology, resulting in a larger robotaxi market size.

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This release was published on openPR.