# Robo-Taxi Market Expected To Witness a Sustainable Growth by 2030 – TMR Insights Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2021-11-18 Category: Research Reports Category URL: https://financedigest.com/category/research-reports Meta Title: Global Robo-Taxi Market: Overview Meta Description: Discover insights on the global robo-taxi market projected to reach ~US$ 15 Bn by 2030, driven by demand for cost-effective ride-hailing services. URL: https://financedigest.com/robo-taxi-market-expected-to-witness-a-sustainable-growth-by-2030-tmr-insightshtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/research-report-1736837157929-compressed.jpg) Transparency Market Research has published a new report on the robo-taxi market for the forecast period of **2019–2030**. According to the report, the global [**robo-taxi market**](https://www.transparencymarketresearch.com/robo-taxi-market.html) is projected to reach a value of ~ **US$ 15 Bn** by **2030**, expanding at a CAGR of **~58%** during the forecast period of **2019 to 2030**. **Global Robo-Taxi Market: Overview** - According to the report, the [global robo-taxi market](https://www.financedigest.com/global-femtech-market-is-expected-to-generate-us-5-0-billion-by-2033-future-market-insights-inc.html "Global Femtech Market is Expected to Generate US$ 5.0 Billion by 2033: Future Market Insights, Inc") is likely to be driven by the demand for reduction in the total cost of ownership by ride-hailing companies. - The emergence of new business models, such as ‘mobility as a service’, are offering significant opportunities to automakers instead of one-time vehicle sales. Automakers are trying to introduce autonomous vehicles in taxi services to improve consumer service, offer ride-service at lower costs, and lower the [operating cost](https://www.financedigest.com/can-cfos-balance-the-books-with-rising-operating-costs.html "Can CFOs balance the books with rising operating costs?") of the service. - Key players such as Uber Inc., Waymo, Baidu, and Easy Mile are successfully conducting pilot projects on robo-taxis, and are [expected to lead the global robo-taxi market](https://www.financedigest.com/microplate-washers-market-is-expected-to-witness-significant-growth-between-2020-2030.html " Microplate Washers Market is Expected to Witness Significant Growth between 2020–2030"). **[Expansion of Global](https://www.financedigest.com/q-acoustics-push-global-expansion-with-canada-launch.html "Q Acoustics Push Global Expansion with Canada Launch") Robo-Taxi Market** - Robo-taxis [reduce the cost](https://www.financedigest.com/cobots-in-the-financial-workplace-reducing-costs-attracting-talent-and-enhancing-sustainability.html "Cobots in the financial workplace: Reducing costs, attracting talent and enhancing sustainability") of ownership of a fleet operator by **30%** to **50%**. Radical shift from private ownership of vehicles to shared mobility has evolved the mobility industry, making it imperative for ride-hailing [companies to offer services](https://www.financedigest.com/italys-eni-sets-up-sustainable-transport-services-company.html "Italy’s Eni sets up sustainable transport services company") at competitive costs. - The robo-taxi [market is at the development](https://www.financedigest.com/fragrance-diffuser-market-notable-developments-geographical-outlook.html "Fragrance Diffuser Market: Notable Developments & Geographical Outlook") stage, with expansion likely to occur post **2025**. - The U.S. and [China have favorable regulatory frameworks to test](https://www.financedigest.com/uk-not-planning-covid-testing-for-travellers-from-china.html "UK not planning COVID testing for travellers from China") autonomous vehicles. Several pilot projects are being carried out in these countries, and are [expected to lead the global robo-taxi market](https://www.financedigest.com/frozen-yogurt-market-is-expected-to-reach-a-valuation-of-usd-3-bn-by-2032-data-analysis-by-future-market-insights-inc.html "Frozen Yogurt Market is Expected to Reach a Valuation of USD 3 Bn by 2032 | Data Analysis by Future Market Insights Inc."). Based on application, the [global robo-taxi market](https://www.financedigest.com/global-encapsulated-flavours-market-sales-expected-to-surpass-200000-mt-by-2027-end.html "Global Encapsulated Flavours Market sales expected to surpass 200,000 MT by 2027-end") has been bifurcated into public transport and others. The [rising adoption of autonomous vehicles in ride-hailing services and shared mobility is projected to drive the public](https://www.financedigest.com/guess-what-public-sector-adoption-of-e-invoicing-on-the-rise.html "GUESS WHAT? PUBLIC SECTOR ADOPTION OF E-INVOICING ON THE RISE!") transport segment, and subsequently, the robo-taxi market. Robo-taxis are also being utilized to commute shorter distance within business parks, universities, industrial sites, amusement parks, and residential townships. Based on vehicle, the global robo-taxi [market has been classified into cars](https://www.financedigest.com/eu-u-s-eye-level-playing-field-for-eu-electric-cars-in-u-s-market.html "EU, U.S. eye level playing field for EU electric cars in U.S. market") and shuttles. The cars segment is anticipated to [hold a dominant share of the global robo-taxi market](https://www.financedigest.com/food-holding-equipment-market-set-to-witness-an-uptick-size-us-5679-2-million-to-2033-future-market-insights-inc.html "Food Holding Equipment Market Set to Witness an Uptick Size US$ 5,679.2 Million to 2033: Future Market Insights, Inc."), with companies such as Uber Inc., Waymo, Baidu, and Pony.ai launching robo-taxis for the markets in North America and Asia Pacific. The shuttles [segment holds a significant share of the robo-taxi market](https://www.financedigest.com/talent-acquisition-staffing-technology-and-services-market-regional-growth-drivers-segmental-analysis-opportunities-and-trends-2021-2028.html "Talent Acquisition & Staffing Technology and Services Market Regional Growth Drivers, Segmental Analysis, Opportunities and Trends 2021-2028"), as autonomous vehicles are being adopted to serve geo-fenced areas such as industrial parks, airports, and universities. **Regional** [Analysis of Global Robo-Taxi Market](https://www.financedigest.com/veggie-meals-market-2022-outlook-current-and-future-industry-landscape-analysis-2031.html "Veggie Meals Market 2022 Outlook, Current and Future Industry Landscape Analysis 2031") - In terms of region, the [global robo-taxi market](https://www.financedigest.com/skin-replacement-market-trends-analysis-future-demand-global-industry-insights-2025.html "Skin Replacement Market Trends Analysis, Future Demand & Global Industry Insights 2025") has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held a prominent share of the robo-taxi market in **2018**. It is anticipated to dominate the global [market during the forecast period](https://www.financedigest.com/behavioural-health-market-is-expected-to-expand-at-3-4-cagr-over-the-forecast-period-2022-2028.html "Behavioural Health Market is expected to expand at 3.4% CAGR over the forecast period 2022-2028"). Favorable regulatory framework, [sustained investments](https://www.financedigest.com/closing-the-sustainable-investment-gap.html "Closing the sustainable investment gap") in infrastructure, consumer acceptance of autonomous driving, and the presence of key players in the U.S. is [driving the robo-taxi market](https://www.financedigest.com/discrete-digitization-to-drive-the-chromatographic-separation-resins-market.html "Discrete digitization to drive the Chromatographic Separation Resins Market") in North America. **Purchase our Premium Research Report at:** [**https://www.transparencymarketresearch.com/checkout.php?rep\_id=65897<ype=S**](https://www.transparencymarketresearch.com/checkout.php?rep_id=65897<ype=S) Prominent players operating in the global robo-taxi market include **Waymo LLC, Aptiv, NAVYA, Uber Technologies, GM Cruise, EasyMile, MOIA, Baidu, Tesla, DiDi, and AB Volvo.** The global robo-taxi market has been segmented as follows: - **Robo-Taxi Market by Autonomy** - Level 4 - Level 5 - **Robo-Taxi Market by Fuel** - ICE - Hybrid - Fully Electric - **Robo-Taxi Market by Application** - Public Transport - Others - **Robo-Taxi Market by Vehicle** - Cars - Shuttles **[Explore](https://www.financedigest.com/3d-printed-electronics-market-in-asia-pacific-may-see-a-big-move-explores-the-latest-report-by-tmr.html "3D Printed Electronics Market in Asia Pacific May See a Big Move, Explores the Latest Report by TMR") Latest Reports by TMR:** **Passenger Service System Market –** [https://www.prnewswire.com/news-releases/aviation-industry-leverage-cloud-based-passenger-service-system-market-to-attain-new-heights-global-valuation-to-touch-us-20-bn-by-2030-tmr-301233426.html](https://www.prnewswire.com/news-releases/aviation-industry-leverage-cloud-based-passenger-service-system-market-to-attain-new-heights-global-valuation-to-touch-us-20-bn-by-2030-tmr-301233426.html) **About Us** Transparency Market [Research](https://www.financedigest.com/compostable-biodegradable-refuse-bags-market-is-expected-to-reach-us-465-6-mn-by-2028-comprehensive-research-report-by-fmi.html "Compostable & Biodegradable Refuse Bags Market is expected to reach US$ 465.6 Mn by 2028- Comprehensive Research Report by FMI") is a global market intelligence company, providing global business information reports and services. 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