According to the new market research report "Robo-Taxi Market by Application (Goods and Passenger), Level of Autonomy (L4 and L5), Vehicle (Car and Shuttle/Van), Service (Rental and Station Based), Propulsion (Electric, Hybrid, and Fuel Cell), Component, and Region - Global Forecast to 2030," published by MarketsandMarkets, the global robo-taxi market is projected to grow from 2024 units in 2020 to reach 3,830,912 units by 2030, at a CAGR of 112.67%.
The car segment is expected to be the largest and the fastest market. This is due to more testing of robo-taxis for cars rather than big transport vehicles. Waymo recently became the first company to charge members of the public for rides in self-driving Waymo One, which had human backup drivers. Another example is Chrysler, which has ordered thousands of Chrysler Pacifica Hybrid minivans to Waymo. The collaboration will open a new business model for companies developing or working on robo-taxis. Uber placed an order for 24,000 Volvo XC90 SUVs for autonomous ridesharing services to scale its market share in autonomous vehicles. Additionally, the rising demand for shared mobility will also fuel the overall market demand for self-driving cars.