Automation

  A recent study conducted by the strategic consulting and market research firm  BlueWeave Consulting  revealed that the  global robotaxi market  was worth USD 0.5 billion in 2021. The market is estimated to grow at a CAGR of 69.4%, earning revenue of around USD 20.3 billion by the end of 2028. The market for robotaxis is flourishing at a rapid rate as a result of technological advances made by robotaxi companies and increased trust in autonomous vehicles. Also, the rising concern regarding carbon emissions and the depletion of non-renewable fuels are driving the robotaxi market worldwide.  Further, improvements in traffic management are expected to boost market growth during the forecast period. However, growing concerns about the security of robotaxi may act as a major hindrance to its market growth. Increasing Demand for Electric Robotaxi Propelling the Global Robotaxi Market Based on propulsion type, the robotaxi market is grouped into electric and fuel...

A recent study conducted by the strategic consulting and market research firm  BlueWeave Consulting  revealed that the  global robotaxi market  was worth USD 0.5 billion in 2021. The market is estimated to grow at a CAGR of 69.4%, earning revenue of around USD 20.3 billion by the end of 2028. The market for robotaxis is flourishing at a rapid rate as a result of technological advances made by robotaxi companies and increased trust in autonomous vehicles. Also, the rising concern regarding carbon emissions and the depletion of non-renewable fuel are driving the robotaxi market worldwide.  Further, improvements in traffic management are expected to boost market growth during the forecast period. However, growing concerns about the security of robotaxi may act as a major hindrance to its market growth. Increasing Demand for Electric Robotaxi Propelling the Global Robotaxi Market Based on propulsion type, the robotaxi market is grouped into electric and fuel cell se...