Autonomous Cars, Robotaxis & Sensors Market

Poised for a phenomenal CAGR of 50% between 2023 and 2030, the global autonomous cars, robotaxis & sensors market is expected to reach the valuation of approximately US$20 Bn by the end of forecast period.

North America currently dominated the global autonomous cars, robotaxis & sensors market while Asia Pacific showcases a strong growth potential.

In terms of technology, the cameras category led the market for autonomous cars, robotaxis & sensors in 2022. Based on the level of autonomy, L2 will continue to be the leading segment of the marker through 2030-end.

The expensive cost of cutting-edge sensor technology, AI systems, and high-definition mapping in addition to the potential maintenance and modernisation costs for autonomous fleets indicate the major challenges facing market in the years to come.

Some of the globally leading players in the autonomous cars, robotaxis & sensors market space include Volkswagen AG, Ford Motor Company, Nissan Motor Corporation, Lyft, Inc., Daimler AG, Uber Technologies, and Tesla.