The global robotaxi market size is projected to grow from USD 0.4 Billion in 2023 to USD 45.7 Billion by 2030, at a CAGR of 91.8%

Increased safety will encourage more passengers to choose autonomous vehicles as level 4 and level 5 autonomous driving systems would reduce traffic incidents. The significant demand for ridesharing/ride-hailing services is expected to primarily drive the robotaxi market for passenger transport. For instance, the first companies to launch robotaxi fleets in 2021 were Baidu, Inc. and AutoX, Inc. in the Chinese robotaxi market. These companies adopted new product launches, deals, and other strategies to gain traction in the robotaxi market. It also covers the competitive landscape and company profiles of the major players in the robotaxi market ecosystem.