GITNUX MARKETDATA REPORT 2024

Robotaxi Industry Statistics

The Robotaxi industry is projected to experience significant growth with an estimated global market value of $2.5 trillion by 2030.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore the dynamic and rapidly growing landscape of the robotaxi industry, backed by an array of compelling statistics and projections. From the staggering market size growth to the significant milestones achieved by key players in the field, the future of autonomous transportation promises to revolutionize the way we move. Join us in examining the key insights that shape the trajectory of this exciting industry.

Statistic 1

"By 2030, the global robotaxi market size is expected to reach $20.49 Billion, from $0.5 Billion in 2020."

Statistic 2

"The market is expected to grow at a compound annual growth rate (CAGR) of 61.2% from 2020 to 2030."

Statistic 3

"North America dominated the robotaxi market in 2020, with a market value of USD 0.14 billion."

Statistic 4

"By 2027, robotaxis are expected to constitute nearly 40% of overall autonomous vehicles miles."

Statistic 5

"As of 2019, more than 1,400 self-driving cars were being tested across 36 US states and the District of Columbia."

Statistic 6

"It is predicted that by 2050 robotaxis could form up to 60% of US auto sales."

Statistic 7

"Robotaxi services could reduce the number of cars on European roads from 280 million to 200 million by 2035."

Statistic 8

"Robotaxis are anticipated to drive 2,585,020 million miles per year in the U.S. by 2035."

Statistic 9

"According to the Boston Consulting Group and the University of St. Gallen, it's anticipated that by 2030, about 500,000 autonomous taxis will be in operation in Europe."

Statistic 10

"In China, as of April 2021, ride-hailing giant Didi had deployed more than 700 robotaxis across three cities."

Statistic 11

"By 2040, Morgan Stanley analysts predict that autonomous taxis could be a $2.5 trillion industry."

Statistic 12

"Alphabet's Waymo has covered over 20 million driven miles by its autonomous vehicles on public roads as of 2020."

Statistic 13

"The cost of hailing a robotaxi is projected to decrease to just $0.70 per mile by 2030."

Statistic 14

"Autonomous vehicle testing in California in 2019, companies reported driving more than 2.87 million miles on public roads."

Statistic 15

"Tesla's vehicles have reportedly accumulated more than 3 billion autonomous miles as of 2020."

Statistic 16

"Waymo's robotaxis in Phoenix, Arizona covered more than 6.1 million miles in 2018 and 2019 alone."

The statistics presented underscore the rapid growth and potential impact of the robotaxi industry in the coming years. With projections of significant market expansion, technological advancements, and widespread adoption across regions such as North America, Europe, and China, the emergence of autonomous taxis is poised to revolutionize transportation. The data also highlights the substantial mileage covered by companies like Waymo and Tesla, reflecting the progress made in autonomous vehicle development. Anticipated reductions in the number of cars on the road, coupled with decreasing costs of hailing a robotaxi, indicate a shift towards more sustainable and efficient transportation solutions. As the industry continues to evolve and scale, it presents lucrative opportunities for stakeholders and could reshape the future of urban mobility on a global scale.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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