The robot taxi market is expected to grow from 617 in 2021 to 1,445,822 in 2030, a compound annual growth rate of 136.8% – QNT Press Release

New York, July 22, 2021 (GLOBE NEWSWIRE) – announced the release of the report “Robot Taxi Market by Application, Level of Autonomy, Vehicle, Service, Propulsion, Components, and Region-Global Forecast to 2030” –
However, technological changes require high innovation costs for autonomous taxis, and smooth navigation in crowded places may become an obstacle to growth.
The extensive implementation of IoT devices and the data they collect provides fleet managers with more control over optimizing operations. Better autonomous driving solutions, such as Level 4 and Level 5, will reduce road accidents. With the enhancement of safety, more passengers will choose autonomous vehicles.

In addition, governments in developing countries are willing to adopt zero-emission solutions to reduce pollution. In this case, self-driving cars are a viable option because they are electric vehicles.

It also reduces the number of private cars on the road, which greatly reduces congestion and pollution.
However, the COVID-19 pandemic has had an impact on the market in the first few months. In the first few months of 2020, due to the destruction of the entire ecosystem, the global demand for robot taxi sales and services has ceased.

However, in the next two quarters, the use of robot taxis has been increasing. In the last few months of the pandemic, the demand for ride-hailing players has increased, and the demand for travel has also decreased.

In the forecast, the passenger transport sector is expected to become the largest market in the application sector.

As the world is committed to using technology to reduce car ownership, traffic congestion and accidents, the passenger transport market for robot taxis is even larger. By introducing robot taxis as transportation services, it is expected to open up new revenue pools for various automobile and mobile business models in the future.

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