Dublin, Aug. 28, 2025 (GLOBE NEWSWIRE) -- The "Robotaxi Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)" has been added to ResearchAndMarkets.com's offering.
The global robotaxi market was valued at USD 0.15 billion in 2024 and is poised to witness remarkable growth, projected to reach USD 46.94 billion by 2034, expanding at a CAGR of 78.00% from 2025 to 2034.
Key Trends in the Market
- The rising popularity of ride-sharing services due to their convenience and cost-efficiency is anticipated to positively impact the robotaxi market.
- Collaborations among major market players aim to enhance the production of superior driverless vehicles, ensuring safety and reliability.
- Significant factors like reduced accident risk from human error, improved reliability, and affordability are driving global market growth.
Market Analysis
The market is segmented by propulsion type into electric vehicles, hybrid vehicles, and others. Service types are divided into rental and station-based, and applications are categorized as passenger and goods transportation. Regionally, the market is segmented into the Americas, Europe, the Middle East and Africa (EMEA), and the Asia Pacific.
The comprehensive report offers an in-depth market analysis using Porter's Five Forces and SWOT analysis. It covers the competitive landscape of key players, highlighting recent developments like mergers, acquisitions, investments, and expansion plans.
Market Share by Propulsion Type
Electric vehicles are expected to dominate the propulsion segment, driven by environmental concerns and the shift away from fossil fuels. Benefits such as air pollution reduction and enhanced safety are pivotal in promoting electric vehicles over traditional and non-autonomous vehicles.
Market Share by Region
The Americas are expected to command a significant market share due to the presence of leading market players. The region's robust ridesharing industry, particularly in the US, and collaborative initiatives focusing on robotaxi deployment for passenger and goods transportation are significant growth factors.
Competitive Landscape
- Tesla, Inc. Founded in 2003 and headquartered in Texas, USA, Tesla is recognized for its clean energy innovations and electric vehicles.
- Waymo LLC Established in 2009, Waymo, a subsidiary of Alphabet Inc., is based in California, USA, specializing in autonomous driving technology.
- Aptiv PLC Based in Dublin, Ireland, Aptiv PLC designs autonomous vehicles and engineered components. Founded in 1994, it focuses on innovation in connected cars and electrical distribution systems.
Other notable companies include Uber Technologies Inc., Cruise LLC, Lyft, Inc., Baidu, Inc., Didi Chuxing Technology Co., AutoX, Inc., and AB Volvo.
For more information about this report visit https://www.researchandmarkets.com/r/zchikk
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