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Robotaxi Market Share

Report ID: GMI10123
Published Date: Jul 2024
Report Format: PDF

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Robotaxi Market Share

Waymo LLC, and Baidu, Inc. hold a significant share of over 30% in the robotaxi industry. Waymo LLC, a subsidiary of Alphabet Inc. (Google's parent company), has been a pioneer in the development of autonomous driving technology. Leveraging years of research and development, Waymo has achieved substantial milestones in safety, reliability, and technological advancements.

The company's Waymo One service, operating in cities, such as Phoenix and San Francisco, exemplifies its leadership in deploying fully autonomous ridesharing services. Baidu's extensive expertise in AI and ML has been instrumental in developing advanced autonomous driving systems. The company's Apollo Go service has expanded rapidly across multiple cities in China, offering a glimpse into the future of urban transportation.

Robotaxi Market Companies

Major players operating in the robotaxi industry are:

Waymo LLC
Baidu, Inc.
Beijing Didi Chuxing Technology Company Ltd.
Cruise LLC

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The market size of robotaxi reached USD 488.8 million in 2023 and is set to witness over 75% CAGR between 2024 and 2032, led by advancements in autonomous driving technology along with urbanization and traffic congestion.

The cars segment in the robotaxi industry is expected to reach USD 50 billion by 2032, due to compact size & urban maneuverability, and the faster adoption of autonomous driving technology compared to vans.

North America market held 35% revenue share in 2023, driven by robust R&D infrastructure, collaborations between academia and industry, and advancements in autonomous vehicle technologies like robotics, AI, and machine learning.

Waymo LLC, Baidu, Inc., Beijing Didi Chuxing Technology Company Ltd., and Cruise LLC.