The robotaxi market involves autonomous vehicles that provide transportation services. Robotaxis are fully self-driving cars deployed for on-demand mobility services, aiming to replace traditional taxis. Robotaxis use various sensors and artificial intelligence to navigate streets without a human driver and can transport multiple passengers. As there is no need to pay expenses for a human driver, robotaxis are expected to significantly reduce the cost of transportation.
Robotaxis, also known as driverless taxis, are autonomous vehicles that provide transportation services without the need of a human driver or chauffeur. Benefits of robotaxis include offering on-demand mobility to the masses while addressing certain issues such as high costs of vehicle ownership, traffic congestions and emissions. The global Robotaxi Market is estimated to be valued at US$ 2198.45 Mn in 2023 and is expected to exhibit a CAGR of 10% over the ... Read more
