Published by Coherent Market Insights
Posted on October 8, 2021
3 min readLast updated: January 30, 2026
The robotaxi market is set to grow significantly by 2028, driven by technological advancements and government support, despite challenges like cyber threats.
United States/WA: The global robotaxi market was valued at US$ 840.6 million in 2021 and is expected to reach 24,322.8 million by 2028, exhibiting a CAGR of 61.72% between 2021 and 2028.
Report Pages:[130 Pages]
Market Competitive Landscape:-
Major layers operating in the Global Robotaxi Market are: AutoX, Inc., Baidu, BMW AG, Daimler AG, EasyMile, Ford Motor Company, GM Cruise LLC, Hyundai, Tesla, Inc., and Waymo LLC.
A robotaxi (or “robo-taxi”), otherwise called a self-driving taxi or a driverless taxi, is an autonomous car (SAE computerization level 4 or 5) worked for a ridesharing company.The truth of disposing of the requirement for a human driver or escort, which addresses a critical piece of the operating costs of that sort of administrations, could make it a truly reasonable answer for the clients and speed up the spreading of Transportation-as-a-Service (TaaS) arrangements rather than individual car ownership.However, it raises the issue of occupation annihilation. The interaction is taking longer than expected in light of the fact that making and sending robotaxis aren’t equivalent to pushing out the following year’s new vehicle model.
All things considered, they’re perplexing supercomputers on wheels with no human management, requiring a novel start to finish cycle to create, carry out and persistently upgrade. Robotaxis are relied upon to trust that individuals will cross zebra intersections and move from there on. In any case, in arising nations, jaywalking is normal practice with individuals passing by a zebra crossing arbitrarily. This training represents a significant test for robotaxis in arising nations. Swarmed regions would likewise make an issue for these vehicles and would be difficult for carrying out robotaxis. Innovative progressions and severe execution of guidelines for people on foot are relied upon to assist with settling this issue. A few associations are attempting to determine the test with the assistance of continuous information. For example, Mobileye publicly supports continuous street condition reports from vehicles outfitted with shrewd armada components and feeds the information for use in self-driving vehicles, ensuring organized keen vehicles can explore streets better.
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Furthermore, governments of the developed countries are focusing on the self-driving taxis in order to provide safe and better public transportation. For instance, in June 2021, The California Public Utilities Commission, a government agency issued permit to Cruise LLC (funded by GM and Honda) to offer robotaxi service in California with no safety driver in the vehicle.
However, increasing concerns and threats pertaining to cyberattacks are likely to challenge the global robotaxi market growth. The global robotaxi market accounted for US$ 840.6 Mn in terms of value in 2021, and is expected to grow at a CAGR of 61.72% for the period 2021-2028.
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The post New Comprehensive Report on Robotaxi Market Share, Revenue and Sales Forecast i=by 2027 appeared first on Gatorledger.
The article focuses on the growth and forecast of the global robotaxi market up to 2028.
Challenges include cyberattacks, pedestrian regulations, and the complexity of deploying autonomous vehicles.
Major players include AutoX, Baidu, BMW, Daimler, Ford, GM Cruise, Hyundai, Tesla, and Waymo.
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