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Robotaxi Market Trends

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

Robotaxi Market Trends

The market for robotaxis is shifting its attention toward improving passenger experience and safety by implementing cutting-edge features including guest modes and passenger ratings. These innovations provide operators with the tools needed to manage and optimize its fleets, while also enabling passengers to assess their experiences, similar to well-known ride-sharing services such as Uber and Lyft. These trends, indicative of a larger industry shift, integrate behavior monitoring and user feedback to enhance service reliability and customer satisfaction, shaping the future of autonomous urban transportation.
 

For instance, in June 2024, Tesla announced significant advancements in its preparation for the robotaxi market, unveiling new features through its API that include passenger ratings and guest mode functionalities. These additions are poised to enhance the safety and user experience of Tesla's future robotaxi service, allowing operators to effectively monitor and manage passenger behavior. The introduction of a Rider Quality Score system underscores Tesla's commitment to maintaining vehicle integrity and optimizing service reliability, aligning with established practices in the ride-sharing industry, while setting new standards for autonomous vehicle operations.
 

Authors: Preeti Wadhwani, Aishvarya Ambekar

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.

Robotaxi Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 500
  • Countries covered: 19
  • Pages: 220
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