Robotaxi Market Projected to reach 1,445,822 units by 2030, at a CAGR of 136.8%
The global robotaxi market size is projected to grow from 617 units in 2021 to 1,445,822 units by 2030, at a CAGR of 136.8%. Factors such as The rising concerns over road safety, emissions, and the increasing demand for ride-hailing services have led to the growth of the market. Autonomous vehicles also help in optimizing cost to the fleet operator. Newer business models like mobility as a service would provide another sustainable and profitable revenue stream in the future. “Asia Pacific is expected to be the largest market during the forecast period.” Rapid testing of autonomous vehicles, presence of numerous technology providers and ride-hailing companies, and plans to deploy robotaxi fleets for mass usage are the key factors driving the market in China. The Asia Pacific region comprises emerging economies such as China and India, along with developed nations such as Japan, and is the largest market for automotive. The key drivers for the robotaxi market in China...