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Autonomous Ride-sharing Fleets Market Share

Report ID: GMI10627
Published Date: Aug 2024
Report Format: PDF

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Autonomous Ride-sharing Fleets Market Share

Uber Technologies Inc, Cruise Vehicles, and Waymo held a significant market share of over 31% in 2023. Uber is enhancing its Advanced Technologies Group (ATG) to expedite the deployment of autonomous vehicles. By partnering with Aurora Innovation, the company aims to integrate self-driving technology into its ride-sharing network, thereby improving safety and efficiency while reducing operational costs.

Cruise, a subsidiary of General Motors, focuses on extensive urban testing and collaboration with regulatory bodies to ensure safety and reliability. It plans to deploy fully autonomous electric vehicles, such as the Cruise Origin, to create a scalable, cost-effective ride-sharing service with zero emissions.

Waymo, a subsidiary of Alphabet Inc., leverages advanced AI and machine learning to enhance its autonomous driving capabilities. The company is expanding its Waymo One ride-hailing service, primarily in Phoenix, and seeks to establish partnerships with automakers to integrate its technology into a broader range of vehicles.

Autonomous Ride-sharing Fleets Market Companies

Major players operating in the autonomous ride-sharing fleets industry are:

Uber Technologies Inc
Cruise Vehicles
Waymo
Beijing Didi Chuxing Technology Co., Ltd.
Motional
Baidu Apollo
Aptiv
Tesla, Inc.
Aurora Innovation
EasyMile

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of autonomous ride-sharing fleets reached USD 910.6 million in 2023 and is set to register over 63.5% CAGR between 2024 and 2032, due to the increasing urbanization and smart city initiatives.

The car segment in the autonomous ride-sharing fleets industry held 62% revenue share in 2023, owing to their versatility, widespread consumer acceptance, and suitability for various ride-sharing scenarios.

North America market held 37% revenue share in 2023, driven by significant technological advancements and substantial investments from key industry players.

Uber Technologies Inc, Cruise Vehicles, Waymo, Beijing Didi Chuxing Technology Co., Ltd., Motional, Baidu Apollo, Aptiv, Tesla, Inc., Aurora Innovation, and EasyMile.