Robo Taxis Market In 2029

Robo Taxis Market Trends

Robo Taxis Market Growth

Robo Taxis Market Forecast

The Business Research Company’s Robo Taxis Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034

The Business Research Company’s Robo Taxis Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034”

— The Business Research Company

LONDON, GREATER LONDON, UNITED KINGDOM, December 19, 2025 /EINPresswire.com/ -- Robo Taxis Market to Surpass $17 billion in 2029. In comparison, the Autonomous Commercial Vehicle market, which is considered as its parent market, is expected to be approximately $22 billion by 2029, with Robo Taxis to represent around 77% of the parent market. Within the broader Transport industry, which is expected to be $8,792 billion by 2029, the Robo Taxis market is estimated to account for nearly 0.2% of the total market value.

Which Will Be the Biggest Region in the Robo Taxis Market in 2029
North America will be the largest region in the robo taxis market in 2029, valued at $7,933 million. The market is expected to grow from $872 million in 2024 at a compound annual growth rate (CAGR) of 56%. The exponential growth can be attributed to the new product launch and expansion of charging stations.

Which Will Be The Largest Country In The Global Robo Taxis Market In 2029?
The USA will be the largest country in the robo taxis market in 2029, valued at $7,060 million. The market is expected to grow from $872 million in 2024 at a compound annual growth rate (CAGR) of 52%. The exponential growth can be attributed to the technological advancements.

Request a free sample of the Robo Taxis Market report:
https://www.thebusinessresearchcompany.com/sample_request?id=7095&type=smp

What will be Largest Segment in the Robo Taxis Market in 2029?
The robo taxis market is segmented by type into L4 robo-taxi and L5 robo-taxi. The L4 robo-taxi market will be the largest segment of the robo taxis market segmented by type, accounting for 96% or $16,339 million of the total in 2029. The L4 robo-taxi market will be supported by increasing demand for high-resolution imaging systems for enhanced object detection, growing adoption of AI-powered vision systems for improved navigation, rising need for real-time traffic monitoring, advancements in image recognition algorithms for obstacle detection, expanding use of thermal cameras for low-light and adverse weather conditions, integration of wide-angle cameras for better field-of-view coverage and regulatory mandates promoting vehicle safety through advanced camera systems. The market is also supported by rise in investment in the market.

The robo taxis market is segmented by vehicle type into car and shuttle/van. The car market will be the largest segment of the robo taxis market segmented by vehicle type, accounting for 87% or $14,726 million of the total in 2029. The car market will be supported by new product launch and rise in number of connected vehicles.

The robo taxis market is segmented by service into rental-based and station-based. The rental-based market will be the largest segment of the robo taxis market segmented by service, accounting for 97% or $16,461 million of the total in 2029. The rental-based market will be supported by rising demand for flexible and on-demand transportation services, increasing adoption of autonomous fleets by rental companies to reduce operational costs, growing preference for contactless travel solutions, advancements in booking platforms for seamless ride-hailing experiences, rising urbanization driving demand for convenient mobility solutions, improved vehicle fleet management systems for better utilization and expanding partnerships between Robo Taxi providers and rise in demand for shared mobility.

The robo taxis market is segmented by propulsion into electric vehicle, fuel cell vehicle and hybrid electric vehicle. The electric vehicle market will be the largest segment of the robo taxis market segmented by propulsion, accounting for 93% or $15,823 million of the total in 2029. The electric vehicle market will be supported by rising demand for eco-friendly mobility solutions, increasing investments in electric vehicle (EV) charging infrastructure, growing focus on reducing carbon emissions in urban transport systems, government incentives promoting electric vehicle adoption, advancements in battery technology for extended driving ranges, expanding deployment of wireless charging solutions for improved convenience and increasing focus on integrating solar-powered charging stations to reduce energy costs.

The robo taxis market is segmented by application into goods transportation and passenger transportation. The passenger transportation market will be the largest segment of the robo taxis market segmented by application, accounting for 88% or $14,949 million of the total in 2029. The passenger transportation market will be supported by rising urbanization driving demand for autonomous ride-hailing services, increasing consumer preference for shared mobility solutions, growing focus on reducing traffic congestion through Robo Taxi integration, advancements in autonomous navigation systems for improved passenger safety, expanding deployment of self-driving vehicles in metro and city transit networks and rising traffic.

What is the expected CAGR for the Robo Taxis Market leading up to 2029?
The expected CAGR for the robo taxis market leading up to 2029 is 71%.

What Will Be The Growth Driving Factors In The Global Robo Taxis Market In The Forecast Period?
The rapid growth of the global robo taxis market leading up to 2029, will be driven by the following key factors that are expected to reshape urban mobility, transportation economics, and city design worldwide.

Rising Number Of Connected Vehicles - The rising number of connected vehicles will become a key driver of growth in the robo taxis market by 2029. Advances in IoT, rising demand for smart transportation, and regulatory support for vehicle-to-everything (V2X) communication fuel this growth. Robo-taxis enhance connectivity by integrating autonomous technology, accelerating the adoption of connected vehicle networks. As a result, the growing number of connected vehicles growth is anticipated to contributing to a 2.0% annual growth in the market.

Rising Demand For Ride-Hailing Services - The rising demand for ride-hailing services will emerge as a major factor driving the expansion of the market by 2029. As app-based transportation offers convenience, affordability, and flexibility. Urbanization, smartphone penetration, and the need for cost-effective mobility fuel this trend. Robo-taxis enhance ride-hailing by providing autonomous, cost-efficient, and driverless solutions, improving accessibility and user experience. Consequently, the growing demand for ride-hailing services growth is projected to contributing to a 1.8% annual growth in the market.

Rising Traffic Congestion In Urban Areas - The rising traffic congestion in urban areas will serve as a key growth catalyst for the market by 2029. As overcrowded road networks lead to slower travel, higher fuel consumption, and inefficiencies. Factors like population growth, increased vehicle ownership, and inadequate public transport worsen congestion. While robo-taxis offer autonomous and convenient mobility, their impact on traffic depends on proper urban planning to prevent empty vehicle movements and curb space challenges. Therefore, this rising urban traffic congestion growth is projected to supporting to a 1.5% annual growth in the market.

Rising Adoption Of Automation In Fleet Management - The rising adoption of automation in fleet management will become a significant driver contributing to the growth of the market by 2029. As AI, IoT, and telematics optimize operations, routes, and vehicle monitoring with minimal human intervention. Factors like cost reduction, efficiency, and regulatory compliance fuel this trend. Robo-taxis enhance automation by integrating autonomous driving and smart fleet systems, paving the way for self-sustaining transportation networks. Consequently, the growing adoption of automation in fleet management growth is projected to contributing to a 1.0% annual growth in the market.

Access the detailed Robo Taxis report here:
https://www.thebusinessresearchcompany.com/report/robo-taxis-global-market-report

What Are The Key Growth Opportunities In The Robo Taxis Market in 2029?

The most significant growth opportunities are anticipated in the level-4 autonomous robo-taxis market, the robocar mobility robo taxis market, the automated vehicle robo taxis services market, the autonomous electric mobility robo taxis market, and the smart passenger robo taxis market. Collectively, these segments are projected to contribute over $73 billion in market value by 2029, driven by advances in self-driving vehicle technology, increasing integration of Artificial Intelligence-driven navigation systems, and broad support for sustainable, electric transportation models. This momentum reflects the accelerating shift toward on-demand, autonomous mobility services that reduce human driving dependency, lower operational costs, and enable safer, more efficient urban transportation networks. As regulatory frameworks evolve and large-scale pilot deployments mature, these sectors are expected to play a defining role in reshaping global mobility ecosystems and transforming the future of passenger transportation.

The automated vehicle robo taxis services market is projected to grow by $15,295 million, the level-4 autonomous robo-taxis market by $15,151 million, the autonomous electric mobility robo taxis market by $14,873 million, the smart passenger robo taxis market by $13,822 million, the robocar mobility robo taxis market by $13,606 million over the next five years from 2024 to 2029.

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. We have published over 17,500 reports across 27 industries and 60+ geographies. Our research is powered by 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

We provide continuous and custom research services, offering a range of specialized packages tailored to your needs, including Market Entry Research Package, Competitor Tracking Package, Supplier & Distributor Package and much more.

Disclaimer: Please note that the findings, conclusions and recommendations that TBRC Business Research Pvt Ltd delivers are based on information gathered in good faith from both primary and secondary sources, whose accuracy we are not always in a position to guarantee. As such TBRC Business Research Pvt Ltd can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect. Analysis and findings included in TBRC reports and presentations are our estimates, opinions and are not intended as statements of fact or investment guidance.

Contact Us:
The Business Research Company
Americas +1 310-496-7795
Europe +44 7882 955267
Asia & Others +44 7882 955267 & +91 8897263534
Email: info@tbrc.info

Oliver Guirdham
The Business Research Company
+44 7882 955267
info@tbrc.info
Visit us on social media:
LinkedIn
Facebook
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.